Mexico Leverages Mobile Payments for Unbanked People
Mexico’s new leftist government is betting on financial technology to help lift people out of poverty. The administration of President Andres Manuel Lopez Obrador recently announced measures aimed at making financial services more affordable in a nation where more than half the population is unbanked. It is planning a digital payments system run and built by the central bank that will allow Mexicans to make and receive payments through their... more
Braintri co-developed IKO mobile app voted world’s best twice
- 6 years 3 weeks ago
- Banking
Warsaw, Poland, February 19, 2019. For the second year in a row, IKO, the mobile app of the CEE financial industry giant PKO Bank Polski, took top spot in a global industry ranking of mobile apps of 100 worldwide banks.
Liechtenstein’s LGT goes live with Avaloq Banking Suite in Austria
- 6 years 3 weeks ago
- Asset Management, Banking
The Avaloq Banking Suite is now available in Austria: The Austrian unit of LGT, the international private banking and asset management group owned by the Princely House of Liechtenstein, has gone live with the Avaloq Banking Suite. The roll-out complements similar activation projects for LGT with Avaloq in Liechtenstein, Switzerland, Singapore and Hong Kong. All of the group's core strategic markets now use the same banking system.
Monese integrates with Avios loyalty currency
- 6 years 3 weeks ago
- Banking, Infrastructure
Today, Monese, the globally-connected banking service, has joined up with Avios, the loyalty currency, so users can easily track and maximise their Avios balance and check their transactions.
Mambu secures €30 million funding to accelerate growth
Mambu, the leading SaaS banking engine, today announced it has raised €30 million in its latest funding round led by US-based Bessemer Venture Partners, one of the world's most experienced and successful SaaS-focused venture capital firms, with participation also coming from existing investors Acton Capital, CommerzVentures, Point Nine Capital and Runa Capital.
London-based fintech iwoca raises £150m in equity and debt capital
- 6 years 3 weeks ago
- Banking, microfinance, P2P Lending
iwoca, one of Europe’s fastest growing small business lenders, today announces it has raised an additional £150m in equity and debt capital. The investment brings iwoca’s total funding to £350m. iwoca’s most recent fundraising included a Series D equity round led by Augmentum Fintech, the specialist fintech venture capital investor. NIBC Bank and other existing investors, including Prime Ventures, also participated.
ISG Provider LensTM Names HCL Technologies a Leader in Development of Next Gen Banking, Financial, and Insurance Applications
- 6 years 3 weeks ago
- Banking
HCL Technologies (HCL), a leading global technology company, has been recognized as a leader in providing Next Gen Application Development and Maintenance (ADM) for the banking, financial service, and insurance (BFSI) sectors, according to 2018 ISG Providers Lens TM Quadrant Report. According to ISG, HCL has emerged as a leader among service providers, because of its rich toolset, strategic partnerships, and micro-verticalized focus in... more
Barclays accelerates growth of Pay by Bank app
Starting today, Barclaycard merchants now have the opportunity to accept mobile payments through Pay by Bank app, the new payment method created by Mastercard’s Vocalink business. In addition, a greater number of consumers will also be able to pay using the functionality; in 2020 Barclays will be rolling out Pay by Bank app, currently live on its Pingit app, on its Barclays Mobile Banking App. This means over 6m users will be able to benefit... more
TransferTo announces rebrand with the creation of two market defining companies: DT One and Thunes
- 6 years 3 weeks ago
- Payments, Mobile Banking
Today, TransferTo, a cross-border mobile top-ups and payment solutions network provider has announced a full rebrand, effective immediately, with two separate company brands, logos and identities. TransferTo’s mobile top-up and rewards business, founded in 2005, has now changed its name to DT One and remains a leading global network for mobile top-up solutions and innovative mobile rewards.
Saudi’s Agricultural Development Fund chooses Finastra to enhance credit services
- 6 years 3 weeks ago
- Banking
Finastra’s core banking solution, Fusion Essence, has been chosen to power Saudi Arabia’s Agricultural Development Fund’s lending services.
Wallis Bank Launches New Services to Enhance Customer Experience and Security Online
- 6 years 3 weeks ago
- Banking, Security, Infrastructure
Wallis Bank has launched a number of new features for its customers allowing for more convenient access to their online accounts without sacrificing security. New services include Wallis 360, a revamped treasury management system for both small and large businesses; CardValet®, a mobile application for online debit card control; and Wallis Bank Mobile, a retail banking application recently updated for mobile deposits.
Commerzbank: ECB reduces capital requirements (SREP)
- 6 years 3 weeks ago
- Banking
The European Central Bank (ECB) has reduced the bank-specific capital requirements (Pillar 2 Requirement) for Commerzbank by 0.25 percentage points to 2.0% after the 2018 Supervisory Review and Evaluation Process (SREP). This reflects the major progress the Bank made in the improvement of its risk profile, including the reduction of its credit risks.
The First Norwegian Bank Selected to Demo at Finovate
- 6 years 4 weeks ago
- Banking, Cloud, Infrastructure
Monobank, a cloud-based bank focused on consumer finance in the Nordics, showcased its new white label credit card app Mono Pay for Europe's finance and fintech industry in London.
AdviceRobo Unveils JACQ at FinovateEurope
- 6 years 4 weeks ago
- Banking, Risk Management, Portfolio Risk, Credit Risk
