People Who Do Not Have Bank Account Pay £500 Extra a Year in Bills
- 7 years 5 months ago
- Banking
People who do not have access to a bank account pay an extra £485 a year for everyday bills and services, research from an account provider suggests. More than 1.2 million Britons do not have a bank account, so miss out on discounts reserved for those who pay bills by direct debit, said Pockit. This ramps up the cost of energy bills, broadband and phone contracts, it said. "For many of us, having a bank account is a basic fact of life," said... more
Remitly Brings Faster, Affordable International Money Transfers to France
Remitly, the largest independent digital remittance company in North America, has launched its award-winning service to France, making international money transfers more fair, transparent, and cost-effective when sending money from France to international destinations.
First BELLIN Customer Goes Live with gpi for Corporates (g4C)
BELLIN, a global leader in providing web-based treasury software and services for multinational corporations, has successfully integrated SWIFT gpi for Corporates (g4C) technology in its tm5 treasury management system. BELLIN client Darling Ingredients Inc. just went live with g4C and has processed the first g4C payments in tm5, together with JPMorgan Chase bank.
NPM Capital Acquires 35% Stake In Ohpen
First and long-time investor Amerborgh sells a part of its stake in Ohpen to NPM Capital, that upon the transaction, will have a 35% stake in Ohpen. Amerborgh wanted to sell this stake to finance ongoing and future projects, like the arts and culture centre "het HEM" in Zaandam. Ohpen is a fast-growing Fintech company. The Ohpen SaaS, cloud native core banking platform administers retail investment and savings accounts for banks and other... more
Praxia Bank to Offer Deposit Products via Cross-border Deposit Marketplace
- 7 years 5 months ago
- Banking
A new deposit acquisition strategy capitalizing on cutting-edge technology and globalized market opportunities.
Customer engagement key differentiator for banks as total redress payments increase
- 7 years 5 months ago
- Banking, Infrastructure
Statistics from the recent FCA complaints handling report show that the total redress paid to consumers was £2.26 billion, 12% (£216 million) increase compared to £2.57 billion in 2018 this time last year.
Provident Bank Selects NCR for Digital Banking
- 7 years 5 months ago
- Banking
NCR Corporation (NYSE: NCR), a global enterprise technology provider for the financial industry, today announced that New Jersey-based Provident Bank has selected NCR Digital Banking to support their digital strategy for customer growth and retention. Provident Bank looked to improve the customer experience through better capabilities, a more intuitive design and easy integration with their core banking systems. As recently reported in Magnify... more
NBT Bank Empowers Employees to Deliver Tailored Digital Services
- 7 years 5 months ago
- Banking
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that New York-based NBT Bancorp Inc. (NASDAQ: NBTB), the parent company of NBT Bank, is empowering employees to deliver digital banking services tailored to the needs of customers using technology from Fiserv.
Entersekt Survey: Banking App Innovation Key to Boosting Adoption and Everyday Usage
- 7 years 5 months ago
- Banking, Mobile Banking
Entersekt today released further results from its recent online survey conducted by The Harris Poll among over 1,300 US adults who use banking apps once a month or more often (regular banking app users). The mobile-first fintech provider commissioned the independent market research firm to better understand US consumer attitudes towards mobile app-based banking and payments.
ieDigital shortlisted for open banking and rebranding awards
- 7 years 6 months ago
- Banking
ieDigital was today shortlisted in two categories at the Credit Awards 2019. The categories are ‘Excellence in open banking’ and ‘Best rebrand’. The winners will be announced by host Jimmy Carr on 16 May at London’s Grosvenor House Hotel. The Credit Awards, organised by Credit Strategy and sponsored by Experian, is the flagship event for the UK’s credit industry. The awards recognise and reward individuals, teams and organisations in UK risk,... more
Rabo eBusiness wins the Celent Model Bank Award for Identity Management
- 7 years 6 months ago
- Digital Identity, Banking
Rabo eBusiness - the world’s first bank-led Digital Identity Service Provider - a partnership between Rabobank, a financial institution, and Signicat, a leader in verified digital identity solutions has been recognised by Celent as the winner of the Model Bank award for Identity Management.
Klarna Launches Financial Management Content Hub to Support Consumers
- 7 years 6 months ago
- Payments, Banking, Infrastructure
Over half (52%) of 18-27 year olds feel they’re more financially savvy than their generation is perceived to be – with 65% planning their finances and making provisions to save for the future, according to new research from leading payments provider Klarna.
FICO Survey: 3 in 4 APAC Banks Believe Fraud Will Increase in 2019
Almost three in four banks in Asia Pacific anticipate that fraud in their country will increase in 2019, according to a recent poll by FICO. Of specific concern are transactions completed when neither the card nor the cardholder is physically present (card-not-present or CNP fraud), as well as cards taken out by criminals under false identities (application fraud). These were identified as the two key concerns, as well as the biggest fraud... more
iNBOTiQA Unveils Machine Learning Intelligent Business Email Solution for Banks
- 7 years 6 months ago
- Machine Learning, Banking
iNBOTiQA, the Intelligent Business Email platform that transforms how the leading business communication channel is used, unveils machine learning and big data analytics to further revolutionise the way companies take control and realise the true potential of their inboxes. New AI capabilities will further help corporates unlock the power of their inboxes
NatWest Bank announces a new biometric payment approval feature
- 7 years 6 months ago
- Banking, Authentication Technology
NatWest has today announced the launch of a new biometric payment approval feature, which allows business and commercial banking customers to make payments of any size through their Bankline Mobile app using Face ID or Touch ID, without the need for a card reader – a UK banking first. The new feature also allows businesses to authorise multiple users to setup payments, which business owners can then subsequently approve on the go through their... more
