Appian Helps Banks Automate Lending under the CARES Act Payment Protection Program (PPP)
Appian (NASDAQ: APPN) today announced an application that enables banks to accept and manage PPP loan applications from small businesses, support their unique servicing requirements, and ensure compliance for Payment Protection Program loans under the new CARES Act. The new application can be live in just days, and can be quickly extended with advanced automation features including RPA and AI-powered intelligent document processing. Appian will... more
Temenos smooths banks transition from London Interbank Offer Rate (LIBOR) to Risk-Free Rates (RFRs)
- 4 years 11 months ago
- Banking
Temenos (SIX: TEMN), the banking software company, announced the availability of its updated banking software products to ease banks’ transition from the London Interbank Offered Rate (LIBOR) to alternative Risk-Free Rates (RFRs), which is mandated by year-end 2021. Temenos software covers the full range of banking products that can be linked to the global benchmark including corporate loans, floating-rate notes, and interest-rate swaps.
Global banking technology leader Avaloq to reach net zero emissions by Q3 2020
- 4 years 11 months ago
- Wealth Management, Banking
Avaloq, a global leader in digital banking solutions and wealth management technology, is on track to reach net zero emissions by the third quarter of this year, one of a number of significant targets the firm is announcing as part of its first CSR programme. Avaloq is also on track to be using 100% renewable energy for its global operations by Q3 as it looks to lead the financial technology sector in its approach to climate change and meeting... more
Temenos Wins Google Cloud Technology Partner of the Year Award for Financial Services
- 4 years 11 months ago
- Banking
Temenos (SIX: TEMN), the banking software company, today announced it has been recognized by Google Cloud as its Technology Partner of the Year in Financial Services. This prestigious award recognizes Temenos’ commitment to innovation in helping financial services organizations run mission-critical banking software and applications on Google Cloud, create profitable business models, and differentiate customer experiences.
Africa and Gulf Bank selects Path Solutions for strategic Islamic core banking implementation
- 4 years 11 months ago
- Core Banking, Islamic Finance
In line with its new vision to fuel innovation, Africa and Gulf Bank (“AGB”) in Sudan has signed an agreement with Path Solutions, the software specialist for the Islamic financial services industry, in which Path will provide the front-to-back iMAL suite for retail, commercial and corporate banking to be implemented as AGB’s new core banking and channels platform.
Wolters Kluwer Innovates with New Banking Tech Launch to Facilitate Paycheck Protection Program
- 4 years 11 months ago
- Banking
Wolters Kluwer Compliance Solutions has launched a dedicated banking technology solution, utilizing its market-leading SaaS-based TSoftPlus™ software, in response to the U.S. Congressional passage of the CARES Act (Coronovirus Aid, Relief and Economic Security Act). The solution, branded as Paycheck Protection Program supported by TSoftPlus™, is designed to help all U.S.
Sony Bank Secures and Enhances Mobile Banking with OneSpan’s Mobile Security Suite
- 4 years 11 months ago
- Mobile Banking
OneSpan™ (NASDAQ: OSPN), the global leader in securing remote banking transactions, today announced that Sony Bank is protecting its mobile banking transactions with OneSpan’s Mobile Security Suite.
More than 90% of UK consumers claim technology offering impacts their choice of bank, fintech finds
- 4 years 11 months ago
- Banking, Online Banking
Research conducted by new entrant to the UK fintech market, Modularbank, in partnership with market research specialists, OnePoll, has found that over 90% of UK consumers claim that a strong technology offering is important to them when choosing who to bank with. In fact, based on a survey of 2,000 UK consumers, this factor was cited more than any other as being an important factor in making this decision – more so even than interest rates,... more
Pannovate Partners with Salt Edge to Deliver Instant PSD2 Compliance
- 4 years 11 months ago
- Payments, Banking, Compliance
Pannovate, UK’s leading payment and digital banking technology company, has partnered up with Salt Edge, leader in offering open banking and secure customer authentication solutions to help organisations launch competitive PSD2 compliant banking and payments programmes in the UK and throughout Europe.
National initiative launched by Fintech Tully aims to help 17 million people in the UK who have been financially impacted by COVID-19
- 4 years 11 months ago
- Open Banking, Personal Finance, Banking
Tully, Nottingham-based Fintech, has today announced the launch of their COVID-19 Relief and Wellbeing Network to help people financially impacted by the COVID crisis get access to payment relief.
Korea’s KB Bank uses Trustonic in-app protection to enhance mobile banking experience
- 4 years 11 months ago
- Banking, Mobile Banking
Mobile cybersecurity leader, Trustonic, today announces the successful implementation by KB Kookmin Bank (KB Bank) of Trustonic Application Protection (TAP™) to enable a simpler authentication experience for users of its
Celent Recognizes Backbase as a Leader in Digital Onboarding and Origination Solutions
- 4 years 11 months ago
- Platform Technology, Banking
Backbase, the leading omni-channel digital banking platform, announced today that it has topped Celent’s Retail Banking Customer Onboarding Platform vendor assessment, winning both Celent’s Xcelent Technology 2020 Award and Xcelent Functionality 2020 Award. The report provides a rigorous analysis of the customer onboarding vendor landscape, including a profile comparison of 17 solutions. Backbase’s richness and breadth of products and solutions... more
Nordea Bank Abp’s Board of Directors proposes postponement of decision on dividend payment
In light of the COVID-19 pandemic and the related recommendation adopted by the European Central Bank (“ECB”) on 27 March 2020, the Board of Directors of Nordea has decided to propose postponement of the decision on dividend payment for the financial year 2019 and therefore to change its proposal for dividend payment to the Annual General Meeting planned to be held on 14 May 2020.
1 in 3 Micro-businesses Risk Breaking Tax Rules by Failing to Separate their Personal and Business Bank Accounts
- 4 years 11 months ago
- Banking, Tax Authorities
A survey carried out by 3Gem for Amaiz, the new banking app, has revealed that just over 30% of micro-businesses don’t have a separate business bank account. These businesses risk muddling business and personal expenditure and breaking tax rules. The survey also found that 44% of micro-businesses are usually spending at least 3 hours a week on admin, with one in five spending around a day a week on getting the books in order.
Deloitte and FintechOS, partners in CEC Bank’s digital transformation
- 4 years 11 months ago
- Banking
Deloitte Romania and FintechOS have created and implemented the technical solution for the “Welcome” package, which CEC Bank has integrated with its legacy systems, allowing it to launch, in March, a complex project aimed at digitalizing the products and services provided by the bank to customers in Romania and abroad. The package can be accessed 100% online and includes a current account, a debit card and access to the Mobile Banking service.
