Mizuho Bank unveils J-Coin its new digital currency platform
- 6 years 2 weeks ago
- e-Payments, Banking
Mizuho Bank is on track to launch its new digital currency platform J-Coin Pay on 1 March with the support of 60 regional financial institutions. To make use of the currency, users will download a dedicated app on their smartphone. Payments will be made using QR codes. The value of the digital currency will be fixed at 1 yen per unit, and will not fluctuate on the market, as virtual currencies such as bitcoin do.
ADIB launches 100% Capital Protected Equities Basket Note in companies with superior work environment
- 6 years 2 weeks ago
- Wealth Management, Banking
Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has launched a 100% capital protected 'Happy Workplace' equities basket note, designed to capture the outperformance of companies that have a motivated and productive workforce.
Sberbank customers can transfer money from their cards using recipient phone number
- 6 years 2 weeks ago
- Money Transfers, Banking
Sberbank announces that a new partner has joined its instant transfer ecosystem. Thanks to the partnership with international payment system WebMoney Transfer, clients can now make instant transfers from Sberbank cards to WebMoney purses and vice versa. Only the recipient’s phone number (which the card or purse is tied to) is needed to transfer money to a Sberbank card. Money is transferred instantly. Igor Manontov, Vice President of Sberbank... more
NatWest introduces new 'digital branch'
- 6 years 2 weeks ago
- Banking
In the new NatWest digital store, customers can drop in and have a coffee while carrying out transactions, either on their own or branch devices. They will also be able to book a session with a personal banker for more complex needs, such as advice on getting on the housing ladder, new products, or to better understand their finances through a financial health check. This means busy customers will no longer need to waste time in queues,... more
Teller assist technology is key enabler of secure, personalised branch banking
- 6 years 2 weeks ago
- Banking
According to brand new research by RBR, banks remain committed to the branch as a central delivery channel and continue to invest in solutions to make physical outlets more efficient and customer- friendly. Teller Automation and Branch Transformation 2019, which covers 23 key global markets, reveals ongoing growth in the number of teller assist units (TAUs), with 181,000 terminals installed at the end of 2018. Recyclers (TCRs) now account for... more
Tier-One Philippine Bank Upgrades Trade Finance Software with Eye on the Future
- 6 years 2 weeks ago
- Banking
Surecomp®, the leading global provider of trade finance solutions for banks and corporates, announced today a technology upgrade for a longtime banking client in the Philippine Islands. This unique enhancement simultaneously featured a core technology transformation, SWIFT 2018 compliance and a functional upgrade to the latest release of Surecomp’s back-office trade finance software. The project was completed on time and on budget.
UK Banks look to cut costs and get ahead in digital race
- 6 years 2 weeks ago
- Banking
With the banks annual reporting season well underway in the UK, analysts are expecting a combined profit of £23.9 billion for the four largest players in the last year – an astonishing 85 per cent rise from 2017. However, the pressure for traditional banks to compete with their agile digital rivals is growing, with 35 per cent of profit margins under threat by their fintech counterparts in coming years.
ClearBank supported by Tide awarded £60 million grant from RBS Alternatives Remedies Package
- 6 years 2 weeks ago
- Banking
Tide, the SME-only leader in digital challenger banking, is delighted to announce that its partner, ClearBank, a next-generation clearing bank, has been awarded a grant from the RBS Alternative Remedies Package of £60 million. The grant is one of three from Pool A of the Capability and Innovation Fund that forms part of the £775 million package, backed by the UK Government, and overseen by Banking Competition Remedies Ltd.
Banking Competition Remedies Ltd (BCR) announces the awards of Pool A Capability and Innovation Fund
- 6 years 2 weeks ago
- Banking
The Board of Banking Competition Remedies Ltd (BCR) today announces the results of the Capability and Innovation Fund Pool A grant process. The Capability and Innovation Fund Pool A is designed to promote competition in the market for banking services to SMEs in the United Kingdom through expansion of each successful applicant’s business capacity, product offering and/or target markets.
Lunar Way taps Norway market
- 6 years 2 weeks ago
- Banking
Lunar Way continues its expansion and launches in Norway. This happens only a week after the fintech shared the news that they received €13 million in funding to take on the Nordics. It was only a week ago that the Nordic fintech Lunar Way shared the news that they had received €13 million in funding to take on the Nordics. Now they are launching in Norway.
Celebrity Awards entering the Digital Banking space!
- 6 years 2 weeks ago
- Banking
UK-based fintech Arro Money is incredibly excited to announce the recent signing of a letter of intent with global media, events and talent specialist Invincible Group. "We’re very excited to work with Invincible Group to develop a unique product, which will capitalise on their sporting and film industry celebrity and social influencer partnerships and our white label solution"
Study: Consult Hyperion reveals increasing cost and complexity of business banking
- 6 years 3 weeks ago
- Banking, Infrastructure
A new report from identity analyst Consult Hyperion has revealed the five biggest challenges currently facing financial institutions when onboarding business customers.
Chartered Banker Institute becomes one of the first UK organisations to endorse the UN Principles for Responsible Banking
- 6 years 3 weeks ago
- Banking
The Chartered Banker Institute is proud to announce that it has become one of the first UK organisations to endorse the UN Principles for Responsible Banking.
Path Solutions’ iMAL is Powered by Oracle Cloud and Now Available in the Oracle Cloud Marketplace
Path Solutions, a leading provider of Sharia-compliant software solutions and technology-based services, and Gold level member of Oracle PartnerNetwork (OPN), today announced that its world-class core banking platform, iMAL has achieved Powered by Oracle Cloud status and is now available in the Oracle Cloud Marketplace offering added value to Oracle Cloud customers. iMAL enables measurabl
UK Startups Plan for Growth Despite Brexit Uncertainty
- 6 years 3 weeks ago
- Banking, Infrastructure
Silicon Valley Bank (SVB), the bank of the world’s most innovative businesses, enterprises and their investors, released the 10th anniversary edition of its Startup Outlook Report today. The report is based on a survey of 1,400 startup founders and executives primarily in the UK, the US, China and Canada.
