ICS Financial Systems named winner of Best Banking & Financial Software Solutions Award 2019 by World Finance
- 5 years 7 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
- 5 years 7 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.
FIS Powers Payment Services for Australia’s All-Digital Volt Bank
Volt Bank, the first of a wave of new digital providers to be granted a banking license in Australia, has chosen technology and services from FIS (NYSE: FIS) to power its mobile and card payment services. FIS, a leader in financial services technology, will provide Volt Bank with processing services for its credit card and mobile payments products. FIS will also provide solutions for risk and compliance management as well as treasury management.
FIS Powers Payment Services for Australia’s All-Digital Volt Bank
- 5 years 7 months ago
- Asset Management, Investment Management, Wealth Management, Payments, Banking
Volt Bank, the first of a wave of new digital providers to be granted a banking license in Australia, has chosen technology and services from FIS (NYSE: FIS) to power its mobile and card payment services. FIS, a leader in financial services technology, will provide Volt Bank with processing services for its credit card and mobile payments products. FIS will also provide solutions for risk and compliance management as well as treasury management.
Nationwide and ClearBank announce partnership
- 5 years 7 months ago
- Banking
ClearBank and Nationwide, the world’s largest building society, have today announced their partnership as the Society prepares to launch a game-changing business current account for Britain’s 5.6 million small businesses.
UnionBank is First PH Bank to Use Blockchain-based Tokenized Fiat for Account-to-account Cross-border Remittance
- 5 years 7 months ago
- Blockchain, Banking
Union Bank of the Philippines (UnionBank) recently became the first Philippine bank to successfully pilot blockchain-based remittance from Singapore to the Philippines. This was done in partnership with OCBC Bank, Singapore's longest established bank, using the Adhara liquidity management and international payments platform.
Finantix targets Japanese and South Korean markets as it establishes Tokyo-based team
- 5 years 7 months ago
- Investment Management, Wealth Management, Private Banking
Finantix, a leading supplier of transformational software to the wealth management, insurance and private banking industries globally, has appointed Haruka Homma as its Country Manager for Japan and South Korea. This role is in response to the growing client demand for digital technologies in wealth management and will further drive the company’s strategic expansion in the APAC region.
Atom bank raises £50m in latest fundraising round
- 5 years 7 months ago
- Banking, Mobile Banking
Atom bank, the UK’s first bank built exclusively for mobile and the UK’s most trusted bank on Trustpilot, has raised £50m in a fundraising round with participation from BBVA, Toscafund, Woodford Patient Capital Trust and funds advised by Perscitus LLP. The new capital will be used to fund further growth and to continue the bank’s investment in technology.
Icelandic acquiring bank Borgun hf. invests in cutting-edge FinTech from TruNarrative
- 5 years 7 months ago
- Payments, Banking, AML and KYC
Icelandic acquiring bank Borgun hf. – which offers Europe-wide payment processing and issuing services in Iceland – has invested in a new platform from TruNarrative, to help boost the firm’s merchant lifecycle management (MLM) and onboarding processes. As a member of Visa Europe and Mastercard International, the new platform will enable Borgun to easily adopt new merchants into its payment network, as well as quickly and securely adapt its... more
Union Bank & Trust Selects Newgen to Transform Customer Experience
- 5 years 7 months ago
- Banking
Newgen Software Inc., a global provider of solutions managing content, processes, and communication, today announced that Union Bank and Trust (UBT) is implementing Newgen Intelligent Business Process Management (BPM) platform for enterprise-wide automation of its banking processes.
China Merchants Bank Selects Wolters Kluwer’s OneSumX for Regulatory Reporting in the US
- 5 years 7 months ago
- Banking
China Merchants Bank has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting to provide its regulatory reporting software in the U.S. OneSumX for Regulatory Reporting combines bank data into a single source of data to ensure consistency, reconciliation and accuracy and includes Wolters Kluwer’s Regulatory Update Service. This unique service is maintained by Wolters Kluwer experts who actively monitor regulation in 30 countries.
New Age of the Banking Value Chain
- 5 years 7 months ago
- Banking
Fintechs today are becoming an integral become a part the banking value change and as a result of the of the Digitization in the banking industry which is making its way slowly and steadily. Today approximately 70% IT budget of banks is spent on the traditional IT services like maintaining core legacy systems and the remaining 30% is spent on the means of digital transformation like data analytics & cloud. The banks are exploring the new... more
SWIFT Sees Success with Global Instant Cross-Border Payments with Singapore’s FAST
- 5 years 7 months ago
- Platform Technology, Banking
SWIFT today announces the results of a global trial to integrate SWIFT gpi Instant, the co-operative’s cross-border instant payments service, into Singapore’s domestic instant payment service,Fast And Secure Transfers (FAST).
Open Banking Expo launches European Open Banking conference
- 5 years 7 months ago
- Banking
Open Banking Expo has launched its first European event in Amsterdam, in collaboration with Token, which will address the opportunities and risks that Open Banking presents as the financial services sector prepares to roll out the PSD2 directive. With PSD2 due to go live on 14 September, this event will take place on 4 October 2019, and will bring together a C-level audience from the financial services sector, providing them with an unrivalled... more
Mambu enters Brazilian market signing fintech, Acesso
Mambu, the leading SaaS banking engine, today announced that it has signed its first Brazilian client, Acesso, the innovative financial services company specialising in issuing and managing prepaid cards with a reputation for setting benchmarks in the country.
