Leading Mexican Bank Banorte Strengthens Credit Risk Management Practices
- 3 years 4 months ago
- Banking
-Banorte builds a completely new XVA desk and revamps its PFE limits management- Murex, the global leader in trading, risk, and processing solutions for capital markets, is pleased to announce that Banorte has successfully implemented Murex’s flagship MX.3 platform for its credit risk management and XVA desk deployment.
Open Banking Expo will Bring UK Open Banking and Open Finance Community Face to Face Next Week
- 3 years 4 months ago
- Open Banking, Banking
Open Banking Expo, the leading global community of Open Banking and open finance executives responsible for digital transformation across financial services, will bring the Open Banking and open finance industry in Europe and the UK face to face next Thursday, 4 November. This year’s event has drawn some of the biggest names from across the breadth of financial services, with the speaker line-up including over 80 leaders in banking and fintech.
M1 Finance Selects the Temenos Banking Cloud to Power its Finance Super App™
A leading US personal finance platform selects Temenos technology to power its Invest, Borrow and Spend products for its hundreds of thousands of clients Temenos (SIX: TEMN), the banking software company, today announced that M1 Finance, the Finance Super App™, has selected The Temenos Banking Cloud.
Artificial Intelligence set to Power the ‘Bank of the Future’ According to New Report
A new report from Mambu and Google Cloud shows AI will power personal customer experiences in the digital financial revolution
Furlough Fatigued: Uk’s Overworked Finance Teams Must Now Prepare for Mass Job Exodus
- 3 years 4 months ago
- Banking
With furlough ended, new research reveals that over half (54%) of Finance Managers and Directors are applying for new roles or considering leaving their jobs Mental health also at all-time low with over a third (36%) experiencing burnout or exhaustion
Why Banks Need Powerful, Agile Data Preparation Solutions for Accurate and Timely Regulatory Reporting
- 3 years 4 months ago
- Banking
Where there is data, there is regulation. Most financial institutions including banks and insurance companies deal with a complex web of external, local and global regulations, all requiring them to submit regular reports about their business to comply with KYC, AML, CFT, and other regulations.. However, due to obsolete IT infrastructure, data silos, and lack of data taxonomies, and manual processes, meeting these regulations proves to be a far... more
Compass Plus Shortlisted in the Banking Tech Awards 2021
Compass Plus has made the final shortlist at the Banking Awards 2021 in recognition of its notable contribution to the industry to help fight the Coronavirus pandemic – aiding and supporting companies/individuals from the industry ecosystem economically, socially, and financially. The ‘COVID-19 Response by Fintechs’ category recognises leading payments software providers that adapted their operations to meet and exceed the needs of their... more
Recovery Loan Scheme Offers Over £1Bn to Smaller Businesses
£1.06bn offered through almost 6,200 facilities to smaller businesses across the UK Over 5,100 facilities have already drawn down, providing £823m of funding The British Business Bank announces today that the Recovery Loan Scheme has passed a significant milestone, with 76 accredited lenders having offered over £1bn to smaller UK businesses as they steer a path towards a sustainable recovery.
Tinkoff Capital Receives Trust Management Licence
- 3 years 4 months ago
- Management, Banking
Tinkoff Capital Management Company has been licensed as a professional securities management operator. The licence will allow Tinkoff Capital MC to manage customer assets.
CGI Partners With Banks to Pilot Intelligent Automation
- 3 years 4 months ago
- Banking, Consultancy
CGI has partnered with the Bank of Montreal (BMO) and the National Bank of Canada (NBC) to pilot the use of intelligent process automation in capturing, identifying and classifying documents as part of the CGI Trade360 global trade platform’s transaction flow.
Drawbridge Wins ‘Best Cyber Security Provider’ at the 2021 Private Equity Wire US Awards
- 3 years 4 months ago
- Investment, Alternative Finance, Security
Drawbridge, a premier provider of cybersecurity software and solutions to the alternative investment industry, today announced it was named ‘Best Cyber Security Provider’ at the 2021 Private Equity Wire US Awards.
Cynergy Bank Lends a Total of £317m in Coronavirus Business Interruption Loan Scheme (Cbils) Loans
Cynergy Bank lends a total of £317M in Coronavirus Business Interruption Loan Scheme (CBILS) loans Cynergy Bank has successfully loaned over £317m to SMEs through the British Business Bank’s Coronavirus Business Interruption Loan Scheme (CBILS). Across 157 loans, 82 were for existing customers (£127.430m) and 75 to new clients (£189.661m) which supported businesses across the UK including many in the property, hospitality and healthcare sectors.
PeoplesBank & Nymbus Expand Partnership with Latest Core Banking Platform Upgrade
- 3 years 4 months ago
- Banking, Core Banking
NYMBUS®, a leading provider of banking technology solutions, today announced that PeoplesBank has selected Nymbus to modernize its core banking platform in order to best serve the institution’s customers and support cont
Sterling National Bank Goes Live with Cashfac’s Escrow Account Platform
- 3 years 4 months ago
- Transaction Banking, Cash management, Banking
Sterling National Bank (“Sterling”), the wholly-owned operating bank subsidiary of Sterling Bancorp (NYSE: STL) and Cashfac, a leading global financial technology company specialising in operational cash management, are pleased to announce that Sterling has moved into production with their new Virtual Account Manager, delivered through Cashfac’s Software as a Service based
Klarna Announces Winners of Its Inaugural £3m Small Business Support Package
Klarna launched its Small Business Support Package in July to help 100 retail SMEs get back on their feet 1,135 businesses across the country applied for the fund as half of retail SMEs (48%) have seen their revenue/turnover shrink since March 2020 Winners were spread across four categories; retail innovator, omnichannel trailblazer, sustainability champion and pandemic impact
