Banking

Bank ABC Becomes the first MENA Financial Institution to Join R3

8 years 1 month ago
Banking

Bahrain-based Bank ABC, MENA’s leading international banking group, has recently joined blockchain-inspired consortium headed by R3, a financial innovation firm, headquartered in New York City.

Deposit Solutions To Acquire Savedo

8 years 1 month ago
Banking

Deposit Solutions, the leading Open Banking platform for deposits and operator of investment platform ZINSPILOT, today announced that it has acquired Berlin-based platform for retail deposits SAVEDO.

Silicon Valley Bank and First Data name accelerator participants

8 years 1 month ago
Banking

Silicon Valley Bank, the bank of the world's most innovative companies and their investors, and First Data (NYSE: FDC), a global leader in commerce-enabling technology, have selected four startups to participate in Class 6 of Commerce.Innovated., an accelerator designed to help commerce, payments, and fintech companies grow their businesses. The four-month virtual program provides participants with operational mentorship from Silicon Valley... more

HSBC and IBM develop cognitive intelligence solution to digitise global trade

8 years 1 month ago
Banking

HSBC, the world's leading trade finance bank, is working with IBM (NYSE: IBM) to develop a cognitive intelligence solution combining optical character recognition with advanced robotics to make global trade safer and more efficient for thousands of businesses.

Globe Telecom’s Fuse to Provide Loans Powered by Mambu

8 years 1 month ago
Banking

Mambu, the SaaS banking engine, today announced it will be powering the consumer and business lending products of Fuse, the lending arm of Filipino financial technology firm Mynt, by September 2017.

Rakbank Unites with Bazaar for Supply Chain Finance

8 years 1 month ago
Banking

The National Bank of Ras Al-Khaimah (RAKBANK) today announced a strategic partnership with Invoice Bazaar, a FinTech Supply Chain Finance platform in the United Arab Emirates.

Metro Bank Promotes Atkinson to CIO

8 years 1 month ago
Banking

Metro Bank, the revolution in British Banking, has today announced the appointment of Martyn Atkinson as Chief Information Officer (CIO).

Millennials shunned from traditional banks turn to alternative lenders to obtain loans

8 years 1 month ago
Banking

Logical Glue, a leading provider of white box machine learning for better decisions in the financial services sector, has conducted research into consumer borrowing habits in the UK. It found that the average person has had over eight loans in the past and traditional banks are still the most popular route to finance (83%). However, the younger generation is bucking the trend for obtaining credit from traditional routes, embracing alternative... more

Al Masraf Selects Temenos’ Digital Banking Technology to Drive Growth and Innovation

8 years 1 month ago
Banking

Temenos (SIX: TEMN), the software specialist for banking and finance, confirms that Arab Bank for Investment & Foreign Trade (Al Masraf) has selected its UniversalSuite, a front-to-back solution that enables banks to offer a user-optimized experience across channels and business lines.

LGT Opts for Wolters Kluwer’s OneSumX for Asian Regulatory Reporting and Risk Management

8 years 1 month ago
Banking

LGT, a leading international private banking and asset management group owned by the Princely House of Liechtenstein, has chosen Wolters Kluwer’s OneSumX to provide its regulatory reporting and risk software for its Asian operations.

Faisal Islamic Bank Signs Up for iMAL to Replace Legacy Core Banking System

8 years 1 month ago
Banking

Faisal Islamic Bank, Sudan has announced that it has signed up with Path Solutions to deploy iMAL Islamic core banking system to replace the bank’s decentralized legacy system Pentabank from Financial & Banking Systems, across its 100 branches. The bank will also deploy Mobile and Internet Banking solutions as well as BI and Risk Management. The strategic technology deal will support Faisal Islamic Bank’s business across multiple verticals.

KBank and IBM Develop Blockchain-Based Letter of Guarantee Service

8 years 1 month ago
Banking

IBM and KASIKORNBANK Public Company Limited (KBank), one of Thailand's largest banks, today announced the launch of a new enterprise Letter of Guarantee network based on IBM Blockchain. The new solution is designed to help simplify and expedite procedures for KBank's Letter of Guarantee process, with the goal of improving the customer experience, strengthening security and reducing costs for clients and the bank.

Monzo Apologizes for "Unacceptable" Outages

8 years 1 month ago
Banking

I sent the following email to all Monzo cardholders: I’m writing to apologise for the recent card outages you’ve experienced over the last week.

A successful digital project could generate up to 41% of your corporate revenue by 2020

8 years 1 month ago
Banking

Research by the Gartner Group reveals that digital technologies already generate nearly 20% of corporate revenues, and this could reach 41% by 2020. According to Sopra Banking Software every business and bank should be enthusiastic about implementing digital transformation, either to retain their place as leader, appeal to new customers, modernise their partners’ tools, or quite simply to adapt to key innovation.