New Hong Kong Virtual Banking Licenses
- 6 years 6 months ago
- Banking
The Hong Kong Monetary Authority (HKMA) announced (9 May 2019) that the Monetary Authority has granted banking licences under the Banking Ordinance to Ant SME Services (Hong Kong) Limited, Infinium Limited, Insight Fintech HK Limited and Ping An OneConnect Company Limited for them to operate in the form of a virtual bank. The granting of these banking licences takes effect today. According to their business plans, these four newly licenced... more
Judo Bank goes live with cloud-native, cloud-agnostic Temenos T24 Transact
Judo Bank, the first SME focused bank operating in Australia, today announced that it has gone live in record time with Temenos T24 Transact, Analytics, Financial Crime Mitigation and Channels – a module of Temenos Infinity – running on Temenos Cloud.
Outdated Technology Preventing Banks from Investing in Disruptive Technologies, according to Fenergo Survey
- 6 years 6 months ago
- Banking, Infrastructure
Fenergo, the leading provider of digital Client Lifecycle Management (CLM) software solutions for financial institutions, revealed that 20% of C-suite executives in banks say that the maturity of their technology infrastructures is preventing them from investing in new, disruptive technologies including big data analytics and Artificial Intelligence (AI) to improve CLM. 67% are not currently partnered with a fintech/regtech provider to improve... more
IHS Markit Launches Solution to Speed New Account Onboarding
- 6 years 6 months ago
- Banking
IHS Markit (Nasdaq: INFO), a world leader in critical information, and analytics, today announced the launch of Onboarding Accelerator, a new solution to help banks and other service providers open accounts with institutional clients more quickly. Onboarding new clients is complex in financial services because of the amount of information the bank or service provider must collect to satisfy know your customer, anti-money laundering, credit,... more
Wolters Kluwer’s Lien Solution Launches Portfolio Sync
- 6 years 6 months ago
- Alternative Finance
Wolters Kluwer’s Lien Solutions has launched Portfolio Sync, a first-of-its-kind lien management solution designed for lenders who use multiple methods of submitting Uniform Commercial Code (UCC) filings.
Leading Tunisian Bank Taps Temenos to Drive Digital Transformation and Future Growth
- 6 years 6 months ago
- Banking
Temenos (SIX: TEMN), the banking software company, today announced that the Arab Tunisian Bank (ATB) has become the latest bank in the country to select Temenos for its digital transformation program. ATB will transform its bank with Temenos Infinity, the breakthrough digital front office product, and Temenos T24 Transact, the next generation core banking software.
Wirecard Partners with Orange to Launch Innovative New Digital Payment and Banking Service in Eastern Europe
Wirecard, the global innovation leader for digital financial technology, is expanding its collaboration with Orange in the field of digital payment and banking. Together with Orange Money in Romania, Wirecard is now offering an innovative financial commerce solution that allows contactless payments with physical and virtual Orange Money debit cards, smartphones, as well as Fitbit and Garmin smartwatches.
Discover Survey Shows Consumers More Satisfied with No Annual Fee Credit Cards
- 6 years 6 months ago
- Banking
A new survey from Discover suggests that paying an annual fee on a credit card does not always guarantee satisfaction with it. The collected data showed that 70 percent of consumers are very satisfied with their credit cards with no annual fee, while in contrast, only 35 percent of respondents said they are equally satisfied with their credit cards that require an annual fee.
Pacific National Bank Opts NYMBUS to Rapidly Launch New Digital-Only Bank
- 6 years 6 months ago
- Online Banking
NYMBUS®, the world’s most advanced revenue and technology solutions company, today announced
Sumitomo Mitsui Trust Bank (Japan) selected Acumennet to be deployed across 6 Overseas Offices to support their Treasury Operations
- 6 years 6 months ago
- Treasury, Banking, Core Banking
Profile Software, an international financial services solutions provider, announced today the selection of Login’s Acumennet by Sumitomo Mitsui Trust Bank, (SuMiTB) in Japan to support their Treasury operations across six overseas offices in the United Kingdom, USA, China, Singapore, Hong Kong and Thailand.
Cross River and RS2 Partner to Offer a Seamless Digital Banking Experience
- 6 years 6 months ago
- Banking
Cross River Bank (“Cross River”), a leading innovator and provider of banking services for financial technology companies, today announced that it has entered into a partnership agreement with RS2 Software, a global payments processing and technology provider. Together, Cross River and RS2 will provide merchants with a seamless, global payment experience for processing credit and debit card transactions, as well as digital banking for their... more
Trade Ledger wins place in the inaugural Hong Kong-UK FinTech Bridge Program
- 6 years 6 months ago
- Alternative Finance
The world’s first open banking business lending platform, Trade Ledger, has won a place in the inaugural Hong Kong-UK FinTech Bridge Program announced last night (29th April 2019) at a special event hosted at Mansion House by the Lord Mayor of London. In just three years Trade Ledger has established its ground-breaking business lending platform on three continents. This latest achievement means Trade Ledger is the first global technology... more
PrePay Solutions Empowers Monese to Harness Apple Pay
PrePay Solutions (PPS), subsidiary of Edenred, the global leader in payment solutions for the working world, has supported its partner, digital challenger bank, Monese, to enable the use of Apple Pay on their accounts.
World Finance Magazine names Temenos “Best Islamic Banking & Finance Technology Provider”
- 6 years 6 months ago
- Islamic Finance
The 2019 Islamic Finance Awards, presented by World Finance Magazine, has announced that Temenos (SIX: TEMN) has won the ‘Best Islamic Banking & Finance Technology Provider’, for its breakthrough digital front office product, Temenos Infinity, and next generation core banking system, Temenos T24 Transact. For the second consecutive year, Temenos was recognized after demonstrating remarkable contributions to Shari’ah-compliant banking,... more
The Future of Banking
- 6 years 6 months ago
- Banking
The journey from unbundling to rebundling and back has been a formidable one. Emerging technologies and the pace of innovation are driving changes throughout the banking industry at an unprecedented rate. From Asia to Europe, U.S. to Africa, and Australia to the Middle East, consumers are not only increasingly adopting digital – most are demanding it. While the movement toward our ability to bank anywhere is inevitable, the path towards... more
