Trov Launches White-Label Insurtech Platform and Partners with Lloyds Banking Group
Trov (www.trov.com), a global leader in insurance technology, is launching a portfolio of end-to-end digital, white-labelled insurance products designed to be rapidly deployed by financial organisations and insurers. Lloyds Banking Group, the UK's largest retail financial services provider, with around 26 million customers and a centuries-old history, will partner with Trov. Later in 2019, Trov and Lloyds Banking Group will release an innovative... more
Saxo Bank completes acquisition of BinckBank
Today, Saxo Bank and BinckBank announce that Saxo Bank has completed the acquisition of BinckBank. The acquisition of BinckBank marks an important milestone for the Saxo Bank Group that now services approximately 860,000 clients and holds approximately EUR 46 bn in client assets. By gaining scale and reducing cost and complexity, the Group can continue its ambitious investments in the digital client experience and expand its product offering,... more
DriveWealth Fuels Revolut’s Major New Commission-Free Stock Trading Service with Technology and Brokerage Execution Services
- 7 years 2 months ago
- Trading Systems, Banking
DriveWealth, LLC, a U.S. based leader in global digital trading technology, today announced that its technology and brokerage execution services are fueling the major new commission-free stock trading service just introduced by fast-growing fintech Revolut. The DriveWealth platform is the engine for the new offering launched Aug. 1, giving Revolut’s more than 6 million customers throughout Europe the ability to invest in the U.S. equity market.
WSO2 Open Banking Release Helps Banks Speed PSD2 RTS Compliance
- 7 years 2 months ago
- Open Banking, Banking
Banks and financial institutions across the European Union (EU) and United Kingdom (UK) are sprinting to meet the EU’s Second Payment Services Directive (PSD2) Regulatory Technical Standards (RTS) deadline on September 14, 2019. With the newest release of WSO2 Open Banking, WSO2 adds significant new security features aimed at facilitating PSD2 RTS compliance:
Mambu positioned as a Challenger by Gartner in the 2019 Magic Quadrant for Global Retail Core Banking
- 7 years 2 months ago
- Banking, Core Banking, SaaS
Mambu, the leading SaaS banking engine, today announced it has been positioned by Garter, Inc in the Challengers quadrant of the 2019 Magic Quadrant for Global Retail Core Banking. The report states: “Core banking market demand keeps surging, underpinned by digital banking transformation, with an increased focus on commercial off-the-shelf packages, public cloud and open banking initiatives. Bank CIOs should evaluate core banking products in... more
IIG Bank goes live with Temenos in record time and offers enhanced cash management
- 7 years 2 months ago
- Transaction Banking, Banking
Temenos (SIX: TEMN), the banking software company, today announced that specialist trade finance bank, IIG Bank (Malta) Ltd. has successfully gone live with Temenos Infinity, the ground breaking digital front office product, and Temenos T24 Transact, the next generation in core banking. The bank also selected the Financial Crime Mitigation module, which is integrated within Temenos T24 Transact. The successful implementation of Temenos banking... more
Oromia International Bank in Ethiopia Goes Live with ICSFS’ IFB and Conventional CBS
- 7 years 2 months ago
- Banking
Addis Ababa, Ethiopia: ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, and Oromia International Bank S.C (OIB), one of the most profitable banks in Ethiopia 1 , announce the successful implementation and go-live of ICS BANKS Universal Banking and ICS BANKS Interest Free Banking (IFB)software suites, to provide OIB customers with conventional and interest free banking services... more
FinecoBank adds Canadian Stock Exchange to portfolio of stock options on offer
- 7 years 2 months ago
- Banking
FinecoBank has today announced the addition of the Canadian Stock Exchange to its extensive portfolio of stock options. This means traders and investors can now access to an additional 250 shares and over 600 ETFs available on the Toronto Stock Exchange (TSX) via Fineco’s online trading platform. The move bolsters Fineco’s existing offer of 26 international stock markets, giving it one of the most comprehensive range of stocks, ETFs and bonds... more
Mizrahi-Tefahot, Israel’s third largest bank, chooses Temenos for its core banking transformation in the capital markets
- 7 years 2 months ago
- Banking
Mizrahi-Tefahot has chosen Temenos T24 Transact from Temenos (SIX: TEMN), the banking software company, to replace its capital market systems. Temenos is the leader in banking software with more than 3,000 banks in over 150 countries relying on Temenos for their technology needs. Temenos T24 Transact will replace the core system currently used by the bank for its activity in Israeli and foreign securities and will interface with trading systems... more
Standard Chartered completes first transaction on blockchain platform with Linklogis
- 7 years 2 months ago
- Banking
Standard Chartered and Linklogis have recently completed their first joint deep-tier supply chain financing transaction for Digital Guangdong and its upstream suppliers.
Wolters Kluwer Successfully Implements OneSumX for Finance at Small Medium Enterprise Development Bank Malaysia Berhad
- 7 years 2 months ago
- Security and Compliance, Banking
Wolters Kluwer’s Finance Risk & Reporting (FRR) business has successfully deployed its OneSumX for Finance software at Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank), allowing the bank to fully implement the Malaysian Financial Reporting Standards (MFRS) 9. SME Bank, an agency of the Ministry of Entrepreneur Development, has a mandate to nurture and develop the small and medium enterprise sector in Malaysia.
Al Ahli Bank of Kuwait partners with EdgeVerve for its Robotic Process Automation journey
- 7 years 2 months ago
- Digital Identity, Banking, Consultancy
Al Ahli Bank of Kuwait has partnered with EdgeVerve Systems, a subsidiary of
Wematch unveils game-changing Euro Interest Rate Swaps matching and negotiating platform for banks
- 7 years 3 months ago
- Digital Identity, Banking
Wematch, the global multi-asset-class, web-based matching and negotiation platform, has added Euro Interest Rates Swaps (IRS) to its expanding scope of live products. Wematch IRS is a web-based, dealer-to-dealer platform, giving sell-side human traders greatly enhanced tools and workflow to match and negotiate trades. It offers tools to support Euro IRS curves, butterflies, and basis structures, adding to its existing portfolio of instruments,... more
ICS Financial Systems named winner of Best Banking & Financial Software Solutions Award 2019 by World Finance
- 7 years 3 months ago
- Banking, Islamic Finance
With disruptive fintech firms becoming a more pervasive fixture in the financial landscape, many traditional institutions are struggling to remain competitive. It’s here that digital solutions providers such as ICS Financial Systems (ICSFS) come in, helping banks to bolster their technological capabilities and maintain their market share.
Cheers Paytech chooses Mambu as core banking system
- 7 years 3 months ago
- Payments, Banking, Core Banking, Cloud
Cheers Paytech, the Singapore-based fintech, has partnered with Mambu to provide the core banking technology for all wallet accounts to fuel growth. The partnership will facilitate the backend movement of funds within the Cheers Wallet Engine. Mambu’s rapid deployment capability and API-first architecture will allow the team to integrate quickly and without the need for complex coding or underlying infrastructure maintenance.
