Banking

UnionBank is First PH Bank to Use Blockchain-based Tokenized Fiat for Account-to-account Cross-border Remittance

Union Bank of the Philippines (UnionBank) recently became the first Philippine bank to successfully pilot blockchain-based remittance from Singapore to the Philippines. This was done in partnership with OCBC Bank, Singapore's longest established bank, using the Adhara liquidity management and international payments platform. Read more »

Finantix targets Japanese and South Korean markets as it establishes Tokyo-based team

Finantix, a leading supplier of transformational software to the wealth management, insurance and private banking industries globally, has appointed Haruka Homma as its Country Manager for Japan and South Korea. This role is in response to the growing client demand for digital technologies in wealth management and will further drive the company’s strategic expansion in the APAC region. Read more »

Atom bank raises £50m in latest fundraising round

Atom bank, the UK’s first bank built exclusively for mobile and the UK’s most trusted bank on Trustpilot, has raised £50m in a fundraising round with participation from BBVA, Toscafund, Woodford Patient Capital Trust and funds advised by Perscitus LLP. The new capital will be used to fund further growth and to continue the bank’s investment in technology. Read more »

Icelandic acquiring bank Borgun hf. invests in cutting-edge FinTech from TruNarrative

Icelandic acquiring bank Borgun hf. – which offers Europe-wide payment processing and issuing services in Iceland – has invested in a new platform from TruNarrative, to help boost the firm’s merchant lifecycle management (MLM) and onboarding processes. As a member of Visa Europe and Mastercard International, the new platform will enable Borgun to easily adopt new merchants into its payment network, as well as quickly and securely adapt its... more Read more »

Union Bank & Trust Selects Newgen to Transform Customer Experience

Newgen Software Inc., a global provider of solutions managing content, processes, and communication, today announced that Union Bank and Trust (UBT) is implementing Newgen Intelligent Business Process Management (BPM) platform for enterprise-wide automation of its banking processes. Read more »

China Merchants Bank Selects Wolters Kluwer’s OneSumX for Regulatory Reporting in the US

China Merchants Bank has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting to provide its regulatory reporting software in the U.S. OneSumX for Regulatory Reporting combines bank data into a single source of data to ensure consistency, reconciliation and accuracy and includes Wolters Kluwer’s Regulatory Update Service. This unique service is maintained by Wolters Kluwer experts who actively monitor regulation in 30 countries. Read more »

New Age of the Banking Value Chain

Fintechs today are becoming an integral become a part the banking value change and as a result of the of the Digitization in the banking industry which is making its way slowly and steadily. Today approximately 70% IT budget of banks is spent on the traditional IT services like maintaining core legacy systems and the remaining 30% is spent on the means of digital transformation like data analytics & cloud. The banks are exploring the new... more Read more »

SWIFT Sees Success with Global Instant Cross-Border Payments with Singapore’s FAST

SWIFT today announces the results of a global trial to integrate SWIFT gpi Instant, the co-operative’s cross-border instant payments service, into Singapore’s domestic instant payment service,Fast And Secure Transfers (FAST). Read more »

Open Banking Expo launches European Open Banking conference

Open Banking Expo has launched its first European event in Amsterdam, in collaboration with Token, which will address the opportunities and risks that Open Banking presents as the financial services sector prepares to roll out the PSD2 directive.   With PSD2 due to go live on 14 September, this event will take place on 4 October 2019, and will bring together a C-level audience from the financial services sector, providing them with an unrivalled... more Read more »

Mambu enters Brazilian market signing fintech, Acesso

 Mambu, the leading SaaS banking engine, today announced that it has signed its first Brazilian client, Acesso, the innovative financial services company specialising in issuing and managing prepaid cards with a reputation for setting benchmarks in the country. Read more »

Path Solutions won first place in a record-breaking four categories of ACQ5 Global Awards

Path Solutions, a global provider of Sharia-compliant banking software solutions and services, has won four categories in the 2019 ACQ5 Global Awards. Building on last year’s three-win, the company topped the Core Banking, Digital Banking, Sharia-compliant Microfinance, and GameChanger of the Year - Islamic Finance categories in this year’s rankings. Read more »

Ebury Partnered with Unicaja Banco to Provide Global Transactional Services and Foreign Exchange

Ebury, one of the UK and Europe’s largest fintechs, is pleased to announce it has entered into a partnership with Spain’s seventh largest bank, Unicaja Banco. The agreement will enable Unicaja to offer international payments and cash management services through Ebury’s global transaction banking platform to its 400,000 SME customers and 3 million retail customers. Using Ebury’s regulated and future-proofed capabilities, Unicaja will... more Read more »

FIME Launches Automated Open Banking API Testing Solution

FIME has announced the availability of TrustAPI, a fully automated test tool for open banking APIs. Banks and Third-Party Providers (TPPs) can now quickly verify APIs against PSD2-compliant standards, fast-tracking the launch of open banking services. Read more »

Finleap Tackles the French Market and Announces the Recruitment of its Managing Director

Finleap, the largest fintech ecosystem in Europe, supported by leading investors such as Ping An (via its "Voyageur Fund"), continues its international expansion and launches its activities in France . Nicolas Montes-Edwards will head Finleap France, based in Paris. This announcement is a logical continuation of the company's European development. Read more »

CaixaBank Named Spain’s Best Bank 2019, Western Europe’s Best Bank for Corporate Responsibility and Western Europe’s Best Bank Transformation by Euromoney

CaixaBank has been selected as Spain’s Best Bank 2019, Western Europe’s Best Bank for Corporate Responsibility 2019 and Western Europe’s Best Bank Transformation 2019 by the British magazine Euromoney. The three awards recognise the bank's transformation over recent years to become the leader in retail banking and digital banking in Spain and Portugal, and a benchmark in socially responsible banking in Europe. Read more »

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