Fourteen Banks and Financial Institutions Launch Drive to Develop Multi-trillion Dollar Trade as an Asset Class
- 6 years 1 month ago
- Trade Finance, Banking
Fourteen leading global financial institutions have launched a drive to use technology and standardisation for the wider distribution of trade finance assets. ANZ, Crédit Agricole CIB, Deutsche Bank, HSBC, ING, Lloyds Bank, Rabobank, Standard Bank, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation are among the banks backing the Trade Finance Distribution Initiative (TFD Initiative).
KHCB Adopts Token.io to enable its Open Banking Services
- 6 years 1 month ago
- Banking
Khaleeji Commercial Bank (KHCB), one of the leading Islamic banks in Bahrain, recently announced that it has partnered with Token.io as part of the bank's preparations to provide open banking services to its clients in compliance with the new regulatory requirements. Token is represented by Tarabut Gateway, a subsidiary of Almoayed Technologies licensed by the Central Bank of Bahrain (CBB).
Banks no Longer First Port of Call for Half of Britain’s SMEs
- 6 years 1 month ago
- Banking, Infrastructure
A new survey has revealed that the number of people who have considered going somewhere other than their bank for finance is on the increase. The insights come from a new survey conducted by business finance provider Growth Street. The firm canvassed more than 2,000 directors and employees of British SMEs in January 2019, following up from its inaugural survey in 2018. As hundreds of millions of RBS competition fund pounds are being distributed... more
NatWest Trials New Personal Finance App
- 6 years 1 month ago
- Payments, Banking, Infrastructure
NatWest are trialling a new companion to the NatWest app called Mimo, which has been designed to help customers save time, save money and enjoy financial peace of mind. Mimo will help customers budget, remind them of the financial tasks they need to do and provide proactive and personal insights into their money, looking at their bills or day-to-day spending, as well as insurance, subscriptions and utilities and will be able to take direct... more
New mobile money propositions have the potential to reduce the world’s unbanked population by more than a third
A new report from Mastercard confirms the power of mobile technology to improve financial inclusion. The research shows that 15 countries account for over 60% of the global unbanked population, where 607 million people have a mobile phone, but do not yet have a bank account. Mobile technology could therefore provide them with immediate access to the benefits of financial inclusion. In all but one of these 15 countries (India) people with a... more
VERMEG Earns Top Marks in 2019 Corporate Equality Index
VERMEG, the banking and insurance software solutions leader, is proud to announce it has received a top mark on the 2019 Corporate Equality Index (CEI). The CEI is recognized as the premier benchmarking survey and report in the United States and abroad on corporate policies and practices related to LGBTQ workplace equality, and is administered by the Human Rights Campaign (HRC) Foundation. VERMEG joins the ranks of over 560 major U.S.... more
Deutsche Bank to use Nasdaq tech to operate single dealer platform
- 6 years 2 months ago
- Banking
Deutsche Bank Securities Inc. (NYSE: DB) and Nasdaq (Nasdaq: NDAQ) are pleased to announce that Deutsche Bank’s new Single Dealer Platform will be developed with Deutsche Bank, and hosted and operated by Nasdaq’s market technology. The expected go-live is targeted for Q3 2019.
Commerzbank completes first Marco Polo pilot
- 6 years 2 months ago
- Banking
Commerzbank and Landesbank Baden-Württemberg (LBBW) have today announced that they have – for the first time – successfully executed the necessary data transfers to complete two commercial transactions via blockchain-based trade finance network Marco Polo.
SigFig unveils digital advice platform for banks
- 6 years 2 months ago
- Banking, Infrastructure
SigFig, a financial technology company that is reimagining customer experiences in financial services, today announced the launch of SigFig Atlas, a financial advice and software-guided sales platform for banks and customers. The platform empowers banks to provide consistent, personalized financial advice and engage in high-quality customer conversations - improving customer satisfaction and loyalty.
ACI Worldwide and Western Union Announce Early Termination of HSR Waiting Period in Connection with Proposed Acquisition of Speedpay U.S. Domestic Bill Pay Business
ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, and The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement, today announced that the Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to ACI’s previously announced acquisition of Speedpay... more
Klarna launches Open Banking Platform
Today, Klarna, one of Europe’s leading payment providers and the global market leader in payment initiation services, announces the launch of its own Open Banking Platform. This platform will enable access to more than 4,300 European banks through a single Access to Account (XS2A) API in line with Payment Services Directive (PSD2). Klarna’s XS2A API is the most established and proven solution that has been developed at scale across markets for... more
VERMEG appoints senior banking and payments expert as General Manager in the UK
VERMEG, the banking and insurance software solution leader, has appointed Philip Harrison as General Manager for the United Kingdom (UK). Philip joins the VERMEG Executive Committee with over thirty years’ experience and takes responsibility for sales, pre-sales, professional services and client support across all industries and product lines throughout VERMEG UK.
Bank 131: CEE's first Fintech bank
- 6 years 2 months ago
- Banking
New bank is going to focus on active internet population that not only shops, but also earns their income online: both companies and entrepreneurs. Looking forward it might also consider servicing individuals, but not from the beginning. Bank 131 strategy is to make a transparent and compliant way of making business and earning income online. Which is not always the case at this point. Up till now the online businesses and entrepreneurs face... more
Pelican expands pan-European Open Banking API interoperability
- 6 years 2 months ago
- Banking
Pelican (pelican.ai), a global provider of AI-powered payments and financial crime compliance solutions for banks and corporates, today announced the further extension of its API Interoperability solution, with expanded support for the six popular Open Banking API standards, now including the UK’s OBWG, France's STET and the Berlin Group, together with the Czech ČSOB, and the Polish and Slovakian APIs.
Two of the World's Largest Banks are Migrating to the Clareti Platform
- 6 years 2 months ago
- Banking
Gresham Technologies plc, the leading software and services company that specialises in providing real-time data integrity and control solutions announces a second major global bank win in the first quarter of 2019. Since the first Clareti customer went live in 2013, Clareti technology has been adopted by over 100 firms and the platform has become a de-facto industry standard for enterprise data integrity and control.
