Banking

Ant Financial's MYbank to open up tech suite to other banks

MYbank, a leading online private commercial bank in China with a focus on SME financing, today announced the launch of the Star Plan to open up its proven AI, computing and risk management capabilities to financial institutions in China.  Through sharing these technological capabilities, MYbank aims to enable 1,000 financial institutions to provide more cost-effective financing services to 30 million SMEs and farmers in China in the next three... more Read more »

Finn AI joins Temenos MarketPlace

Temenos (SIX: TEMN), the banking software company, today announces the launch of Finn AI on Temenos MarketPlace, Temenos’ platform for facilitating the exchange of value between fintech providers and financial institutions. Finn AI, which is working with financial institutions such as Bank of Montreal, provides banking customers with an AI-powered personal banking and financial management assistant. The solution, built solely for the financial... more Read more »

Countingup reaches 1,000 customer milestone in two months with PrePay Solutions

PrePay Solutions (PPS), Europe’s leading prepaid and digital banking services provider, is delighted to share in the success of its customer Countingup, which has reached 1,000 customers just two months after officially launching in April 2018. Read more »

The West receives over $1.5 trillion in remittances over last decade, finds Xpress Money

One in every four dollars sent via remittances in 2017 was received in Europe Remittances have provided a $50bn economic boost to the UK since 2008 Read more »

Traditional banks consider ways to reach customers left behind by the digital shift

Banks must seek an alternative to branch closures, as only 23 per cent of rural residents are using mobile banking, according to the FCA. The FCA surveyed 13,000 people and found that only 23 per cent of rural residents use mobile banking and 54 per cent use internet banking, compared to the 45 per cent and 78 per cent respectively in urban areas.   Read more »

Commerzbank joins Enterprise Ethereum Alliance

The Alliance is a global blockchain consortium for cross-industry cooperation Commerzbank has already carried out several pilot transactions based on blockchain Read more »

Deutsche Bank moves reconciliation services to SmartStream

As part of its transformation strategy, Deutsche Bank has selected SmartStream Technologies’ Centre of Excellence (CoE) to provide an off-site operations platform - including three services which will allow the bank to streamline, simplify and reduce the costs of its reconciliations environment. Read more »

EBANX With New YouTube Channel on Ecommerce and Latin America

EBANX, a global fintech company headquartered in Brazil that offers end-to-end Latin American local payment solutions to global websites, has launched a new YouTube channel, with videos in English, Spanish, and Portuguese that contain information on selling online, tips on doing business in Latin America and curiosities about the region. EBANX Businesschannel fits merchants of all sizes interested in expanding and looking for information on... more Read more »

Saxo Bank adds China A-shares to its multi-asset offer

Saxo Bank, the leading fintech specialist focused on multi-asset trading and investing, today announces that it has added China A-shares to its global multi-asset offering.   Read more »

Path Solutions achieves eight consecutive GoodAccreditation Standard

Path Solutions is proud to announce that its Islamic core banking platform, iMAL has received the GoodAccreditation standard for the eighth consecutive year. This accreditation is awarded to companies based on customer satisfaction across a number of system and service criteria. Read more »

Monzo unveils bill tracking feature

To help you stay on top of your bills, we’ve launched a new feature: Bill Tracker! We’ll keep track of your regular Direct Debits - like phone contracts and utility bills - and let you know if one of them changes. So if your energy provider raises their prices, or you rack up a big phone bill while you’re away, you’ll immediately know how much it’s cost you, as soon as the money goes out of your account. Read more »

Barclays and Simudyne partner to advance predictive capabilities in risk management

 Barclays signs agreement with Simudyne, alumni of the Barclays Accelerator, powered by Techstars, to trial new and innovative ways of managing risk. Simudyne allows banks to identify and prepare for risks that they hadn’t anticipated, leading to smarter business decisions. Barclays and Simudyne are currently exploring additional use cases across the Barclays Group through a series of hands-on workshops and seminars. Read more »

National Bank of Greece advances market leadership with WAY4

National Bank of Greece, the country’s leading banking institution, has successfully completed the migration of its debit card portfolio to the WAY4 card management system provided by OpenWay, a top-ranked digital payments software provider. Investment in the new platform supports the bank’s vision to enhance its leading position in Greece and further accelerate business growth.        Read more »

Ensuring Success & Accelerated Development in Today’s Digital Cosmos

The race for digital supremacy has already started, now it’s not just about survival, it’s about winning, achieving the goals and exploring technologies that can accelerate the banking sector into the digital age with a focus on emerging channels such as Blockchain, Next- Generation Payments, Artificial Intelligence, Big Data and Cyber Security. Along with the new trends, Big Techs are shifting to financial services Read more »

Raiffeisen Bank International and kompany sign contract for next-generation business KYC solution

Contract covers the development and implementation of a group-wide business KYC solution Customers benefit from a fully compliant, lean and efficient KYC process Further milestone in RBI’s fintech partnership program Elevator Lab The Austrian-based RegTech start-up kompany and Raiffeisen Bank International (RBI) signed a contract for the development and implementation of a group-wide next-generation business KYC (Know Your Customer) solution.... more Read more »

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