Banking

Token and Almoayed Technologies Partner to Deliver Open Banking Across MENA Region

Turnkey open banking platform provider, Token.io Limited, today announces a partnership with Almoayed Technologies, the MENA region’s leading technology infrastructure development company, to accelerate open banking across the Arabian Peninsula. Ahead of the introduction of open banking regulations in Bahrain, announced yesterday*, Almoayed Technologies and Token have been working together to enable fast and simple compliance for the Kingdom’s... more Read more »

New research by MagnaCarta and Klarna identifies four key issues to dominate fintech

“Removing Roadblocks: The New Road of Fintech”published today by MagnaCarta in partnership with Klarna identifies four key elements critical to the future development of fintech - Relevance, Openness, Automation and Data. Read more »

Danske Bank rolls out support for Google Pay

Danske Bank has announced that from today, its customers will be able to use Google Pay to pay in shops, online, in apps and more. This makes Danske the first of the big four Northern Ireland banks to support the main contactless payment services currently available. Read more »

Yes Bank reveals APIs for corporate debit mandates

YES BANK, India’s 4th largest private sector bank announced successful launch of end-to-end process for corporates to accept NACH Debit mandates from its customers through Net banking. With the Indian payment industry entering the next level of transformation with the National Payments Corporation of India’s (NPCI’s) National Automated Clearing House (NACH), YES BANK aims to fully support the new clearing service aiding corporates with APIs to... more Read more »

MUFG Europe Selects Wolters Kluwer for Regulatory Reporting and Risk Software in Germany and The Netherlands

MUFG Europe, the European subsidiary of Japan’s Mitsubishi UFJ Group, has chosen Wolters Kluwer’s OneSumX software to manage a number of regulatory and risk reporting obligations for its Dutch and German business lines, including AnaCredit and Interest Rate Risk in The Banking Book (IRRBB). Read more »

GoCompare partners with Money Dashboard to strengthen ‘Machine Learning for Fintech’ – a community-driven machine learning initiative for fintechs

Today (6th December 2018), at the Global Open Banking Summit, GoCompare has announced a strategic partnership with Edinburgh-based Money Dashboard as part of its fintech community development project, Machine Learning for Fintech (ML4Fintech).   Read more »

Avaloq and METACO implement crypto asset solution in partnership with Gazprombank (Switzerland) Ltd

Fintech leader Avaloq and crypto-asset custody infrastructure specialist METACO* have entered into an innovation partnership with Gazprombank (Switzerland) Ltd, a Swiss bank, to implement their integrated crypto asset solution. The aim of this product innovation is to provide banks and wealth managers with a fully integrated solution for the management of client portfolios across all asset classes including cryptocurrencies. Gazprombank (... more Read more »

Bank Islam Brunei Darussalam Chooses Rambus to Secure Mobile Payments

 Rambus Inc. (NASDAQ: RMBS) a leader in digital security, semiconductor and IP products and services, today announced that Bank Islam Brunei Darussalam (BIBD), the largest bank in Brunei, has selected the Rambus Token Service Provider (TSP) as part of its mobile Read more »

Changes in the Board of Managing Directors of Commerzbank AG

Michael Reuther, the Commerzbank AG Board member for Corporate Clients, has today notified the Supervisory Board that he is happy to fulfil his contract, which runs to the end of September 2019, but that he would decline a potential offer to extend his contract. At the same meeting, the Supervisory Board accepted, with regret, the request of Chief Operating Officer Frank Annuscheit to leave the Board on 28 February 2019 on health grounds. Jörg... more Read more »

Iraq IDB’s successful upgrade of iMAL R14

Path Solutions, the Fintech solution provider for Islamic finance, today announced that the International Development Bank for Investment and Finance (“IDB”) in Iraq has successfully completed the upgrade of its core banking system to the new Path Solutions’ core, digital platform and echannels of iMAL R14, as of 30th September. Read more »

UK consumers cast their vote on the future of the high street

Divido, the multinational white-label platform for point of sale lending, has today unveiled the results of its UK-wide research into how consumers approach high-value purchases, and subsequently what the UK high street needs to offer in order to stay relevant. The study of over 2000 UK consumers reveals that just 7% of Brits browse exclusively in-store before making a high-value purchase (identified as costing over £250) - putting pressure on... more Read more »

Ondot announces new digital card services platform to support consumer engagement and drive innovation for UK banks

Ondot Systems, the global leader in powering mobile payment services, today announces a new suite of mobile, digital solutions that enable UK and Europe’s largest banks to compete and disrupt emerging challengers. Read more »

Barclays launches lipspeaker service for Deaf and hard of hearing customers

In a UK banking first, Barclays has today announced a service where Deaf or hard of hearing customers will be able to have their telephone conversations with the bank interpreted by a lipspeaker: a hearing person who can provide communication support by being easily lip read. With over 11 million people in the UK experiencing hearing loss, these developments will make sure all customers are able to access telephone banking services more easily. Read more »

Mohammed Kateeb among the Top 50 Most Influential Leaders in Islamic Economy for fourth year in a row

The Group Chairman & CEO of Path Solutions, Mohammed Kateeb has been named one of the ‘World’s 50 Most Influential Leaders in Islamic Economy in 2018’ in ISLAMICA 500 Guide. This is Kateeb’s fourth year being nominated for this honor in the most recent list featuring a competitive group of 500 powerful people from 45 different countries, reflecting those making the difference in the Islamic economy space. Read more »

UK consumers call for banks to embrace the power of their fingerprints

The time has come for the banking community to listen to its customers and realise that the UK public is ready for biometric card authentication. According to recent research by IDEX Biometrics, more than half (53 per cent) of cardholders would trust the use of their fingerprint to authenticate payments more than their PIN. Read more »

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