Prepare your banking business for the future
- 3 years 4 months ago
- Banking
The banking sector faces a moment of reckoning. Bitcoin is legal tender in El Salvador and accepted at outlets from Home Depot to Starbucks. Traditional banks face growing competition from specialists, digital challengers and non-bank brands. Branches are a thing of the past. For banking management, this is much more than just a shift in market dynamics. The digitization forces currently at work threaten the very foundations of our finance and... more
Bank of England Increasingly Nervous that a Crypto Time-bomb is Ticking
- 3 years 4 months ago
- Banking
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown ‘’Regulators have been tip-toeing round the crypto world, shouting out occasional warnings to the crowds of speculators, but we now have the firmest indication yet that they will soon be stepping in to break up the block party. The Deputy Governor of the Bank of England Sir Jon Cunliffe clearly believes the speculation has reached such a level that a crypto time-bomb... more
Banking Systems: Finding a Needle in the Haystack
- 3 years 4 months ago
- Banking
Historically, IT and tech infrastructure at banks has never been focused on the customer. The design underpinning these labyrinthine networks was centred on the delivery of distinct outputs and functions relating to different financial products. These individual products, whether they be credit cards, current accounts, mortgages or indeed any product relating to family life and responsible adulthood as we know it, were designed to be managed in... more
FCA Issues Warning to Businesses over Hybrid Working Risks
- 3 years 4 months ago
- Banking
The Financial Conduct Authority (FCA) has issued new guidance to companies operating a remote or hybrid working model. The new directive states that firms will be evaluated by us on a case-by-case basis and should be able to prove that the lack of a centralised location or remote working does not or is unlikely to affect the company’s ability to meet the threshold for the for the regulated activities it has or will have permission for.
Atom Bank Hits One Billion in SME Lending
Atom bank, the Durham-based fintech, is celebrating hitting £1bn in lending to SMEs. The milestone, which was reached on 15 October, includes all completions originated through Atom’s own secured lending and also the bank’s ongoing partnership with Funding Circle to provide unsecured loans to UK SMEs. This latest milestone comes after the UK’s first app-based bank reached several other significant customer and commercial highpoints.
PAPYRUS Voted Charity of The Year By Shawbrook Bank People
- 3 years 4 months ago
- Banking
Employees at Shawbrook Bank select PAPYRUS as their chosen charity for 2021/22 Shawbrook partners with PAPYRUS at a time when the charity’s lifesaving support is needed more than ever due to Covid-19 The bank’s initial £10k donation will be boosted by colleague-inspired fundraising and volunteering events throughout the year Shawbrook Bank has announced its employee chosen charity partner for 2021/22 as PAPYRUS, a charity dedicated to the... more
Sberbank discusses prospects for development of partner banking at Russian Islamic Economic Forum
- 3 years 4 months ago
- Banking
The third annual Russian Islamic Economic Forum “Russia – Guarantor of Partnership” is being held in the city of Grozny (Chechen Republic) on 14-15 October. The event has been organized with support from Sberbank and is aimed at promoting business cooperation between Russia and the countries of the Islamic world. The International Association of Islamic Business and KPMG are also co-organizers of the forum.
Equicom Savings Bank Selects FSS Secure3D for Online Fraud Detection
FSS (Financial Software and Systems), a leading global provider of integrated payment products and a payments processor has partnered with Equicom Savings Bank (EqB) - one of the leading banks in the Philippines to address online fraud and to boost e-commerce growth.
Core Banking Provider Yobota Enters Banking-as-a-Service Market
- 3 years 4 months ago
- Banking, Core Banking
Next-gen core banking provider Yobota has announced its move into the Banking-as-a-Service (BaaS) market through a new partnership with Chetwood Financial.
Equicom Savings Bank Selects FSS Secure3D for Online Fraud Detection
FSS (Financial Software and Systems), a leading global provider of integrated payment products and a payments processor has partnered with Equicom Savings Bank (EqB) - one of the leading banks in the Philippines to address online fraud and to boost e-commerce growth.
Sustainability: Sella Writes Off the Impact of CO2 Emissions
- 3 years 4 months ago
- Open Banking, Banking, IT Innovations
The Group is among the first in Italy to achieve "carbon neutrality" thanks to the sustainable initiatives already implemented in recent years, the current carbon mitigation plan and the financing of some international projects to offset residual emissions in cooperation with Lifegate.
Workers Credit Union Selects Finastra to Power Innovation and Position for Growth
- 3 years 4 months ago
- Core Banking, IT Innovations
With Finastra’s Fusion Phoenix and a suite of ancillary solutions, Workers Credit Union is maximizing opportunities to grow beyond its traditional offerings and deliver on its mission to improve member financial wellness
Crown Agents Bank Accelerates Global Growth and Expands Into New Markets With MuleSoft
Crown Agents Bank accelerates global growth and expands into new markets with MuleSoft ● Increases payment processing capacity by more than 3,000% ● Reduces delivery of new integration projects from months to just days
Banking Infrastructure Provider Nexpay Partners with Compliance SaaS Ondato
- 3 years 4 months ago
- Banking, Compliance, AML and KYC, Infrastructure
The strategic partnership will allow both parties to shine, bringing a fintech startup to Ondato’s roster and a better experience to Nexpay’s customers
2nd CIS Islamic Banking and Finance Forum to be Held in Tashkent- Uzbekistan
- 3 years 4 months ago
- Islamic Finance
2nd CIS Islamic Banking and Finance Forum will convene in Tashkent – Uzbekistan on October 21, 2021 to explore and discuss innovative financial inclusion strategies that can create clear pathways to financial and economic Solutions. AlHuda CIBE organizing the 2nd CIS Forum with the collaboration of Multilateral Partner Islamic Corporation for the Development of the Private Sector- ICD. ICD is one of the premier Islamic multilateral financial... more
