IFC and LAPO Microfinance Bank to Expand in Nigeria
- 9 years 10 months ago
- Banking, Financial, Infrastructure
IFC, a member of the World Bank Group, signed an agreement to work with LAPO Microfinance Bank Ltd to pilot and roll out agent banking that will increase access to financial services for low-income customers, small-scale entrepreneurs and rural communities. IFC is also providing a 2 billion Naira (approx. $10 million) loan to support LAPO MfB's lending to micro-entrepreneurs. This is the largest investment IFC has made in a microfinance... more
R3’s Distributed Ledger Initiative Soars to 42 Bank Members
Financial innovation company R3 has concluded its distributed ledger bank membership round with the addition of 12 new banks, bringing the total number to 42. Since its September launch, the company has seen a groundswell of interest in the consortium from financial services companies around the world.
Powa Technologies partners with UnionPay to Bring Instant Transactions and Mobile Commerce
- 9 years 10 months ago
- Transaction Banking, Payments, Mobile Banking
Powa Technologies has formed a 10-year strategic alliance with “limitless” potential to create a ubiquitous new standard in mobile commerce for China UnionPay’s (CUP) 1.3b credit and debit card users.
Atom to Expand Biometric Banking in the UK
Atom will be pioneering the use of biometrics in the UK banking industry, leading the way with face and voice biometrics as core credentials to log-in to your bank. Atom is the UK’s first bank designed for digital, offering easy and convenient banking via an app, due to launch in 2016. A personalised approach is at the heart of what Atom will offer, starting at the very first step of opening the ‘virtual doors’ of the bank. Face and voice... more
ADIB Teams up with IBM to Launch Innovative Digital Studio
- 9 years 10 months ago
- Banking, Mobile Banking
Abu Dhabi Islamic Bank (ADIB) today announced that it will fundamentally transform how it interacts and provides services to customers by building a new Digital Studio with consulting services from IBM (NYSE: IBM).
M&T Bank Customers to Implement Android Pay
Beginning today, M&T Bank customers can add their M&T Bank debit or credit card to Android Pay, the convenient way to pay with an Android phone. The free new service from Google allows customers to use their Android phone (running 4.4 or higher) to pay for purchases at more than one million stores across the U.S.
Omdurman National Bank Goes Live with ICS BANKS
- 9 years 10 months ago
- Banking
Khartoum, Sudan: Omdurman National Bank (ONB), the multiple awards wining and the first bank in Sudan to introduce distinguished and modern banking technologies, has gone live with the awards winning solution ICS BANKS® ISLAMIC from ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions.
Webster Bank to Expand its Banking Centers in Greater Boston
- 9 years 10 months ago
- Banking
Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., a $24 billion regional bank, announced today that Webster Bank will open 14 banking centers in mid-January in the greater Boston area.
AGIB Goes Live on iMAL R14
- 9 years 10 months ago
- Islamic Finance
Kuwait-based Path Solutions today announces that Arab Gambian Islamic Bank Ltd. (“AGIB”) has gone live successfully with its new core banking platform – iMAL R14 on November 9.
Intesa Sanpaolo to Sign Up for SWIFT’s 3SKey solution
- 9 years 10 months ago
- Banking, Infrastructure
SWIFT announces that, Intesa Sanpaolo, one of the top banking groups in the euro zone, has signed up for 3SKey, a multi-bank and multi-channel solution for corporates to securely authenticate and approve operations using digital signatures and strong authentication. It provides a single token for Intesa Sanpaolo’s corporates clients to communicate with the bank across all channels.
Reval's Survey Shows Lack of Automation and System Integration
- 9 years 10 months ago
- Banking, Infrastructure
Seventy-six percent of respondents to a recent Reval survey of more than 150 financial professionals say they are not calculating their daily cash positions automatically, leaving real-time cash visibility an elusive goal.
Habib Bank Goes Digital with Misys FusionBanking Corporate Channels
- 9 years 10 months ago
- Banking
Misys, the leading financial software company, today announced that HBL, the largest domestic multinational bank in Pakistan, has adopted Misys FusionBanking Corporate Channels to enhance its corporate banking business. HBL went live with the platform in four months, which brings together trade services, cash management and supply chain finance on a single, digital solution.
RenMoney to Select Mambu's Cloud Core Banking Solution
Mambu, the SaaS banking platform provider, today announced that RenMoney, a Nigeria-based consumer finance company, has selected Mambu as its core banking solution. Following a rapid evaluation process, RenMoneychose Mambu for its speed of implementation, cost-effectiveness and the flexibility of its API layer which allows the company to easily launch products and to enable integration with strategic partners.
NICE Actimize's Fraud and Cybercrime Solution Achieves Milestone
- 9 years 11 months ago
- Banking, Security, Fraud Detection
NICE Actimize, a NICE Systems business and the largest and broadest provider of financial crime, risk and compliance solutions for the financial services industry, has achieved a major milestone this year - its Fraud & Cybercrime Management solutions now protect more than 150M digital banking customers in the United States across its top five clients.
Georgia Bank & Trust Chooses nCino to Boost Commercial Loan Workflow
- 9 years 11 months ago
- Banking, Cloud, Infrastructure
nCino, the leader in cloud banking, announced today that Augusta, Ga.-based Georgia Bank & Trust has selected its Bank Operating System to advance the bank’s commercial loan workflow and provide transparency across the institution.
