Data breaches threaten customer trust in Open Banking
- 6 years 3 months ago
- Banking, Infrastructure
TLT’s Opportunity Knocks report on Open Banking, which draws on research involving 130 senior decision makers across UK financial services, highlights a growing tension between data sharing – the basic tenet of Open Banking – and high profile data breaches, as customers grow increasingly aware of and sensitive to data security issues.
Sberbank taps POS lending market
- 6 years 3 months ago
- Banking
Sberbank announces its entrance on the POS lending market with a new product, Purchase on Credit.
AAOIFI and Path Solutions sign agreement to pursue and maintain certification
- 6 years 3 months ago
- Islamic Finance
The Accounting and Auditing Organization for Islamic Financial Institutions (“AAOIFI”) and Path Solutions signed an agreement for the renewal of certification for Path Solutions’ iMAL Islamic core banking platform to comply with AAOIFI’s relevant standards.
IDC urges Middle East's Banking & Finance industry to enhance provision of digital customer experiences
- 6 years 3 months ago
- Banking, Infrastructure
As the open banking movement gathers momentum and the use of artificial intelligence (AI) continues to proliferate across the industry, 25% of financial institutions worldwide will be capable of processing transactions initiated by third-party digital personal assistants by 2022.
thinkmoney Chooses Token for PSD2 Compliance
- 6 years 3 months ago
- Banking
Turnkey open banking platform provider, Token.io Limited, has been chosen by UK financial institution thinkmoney to deliver PSD2 compliance and open banking capabilities before the first Regulatory Technical Standards (RTS) deadline in March.
Token and Almoayed Technologies Partner to Deliver Open Banking Across MENA Region
- 6 years 3 months ago
- Banking
Turnkey open banking platform provider, Token.io Limited, today announces a partnership with Almoayed Technologies, the MENA region’s leading technology infrastructure development company, to accelerate open banking across the Arabian Peninsula. Ahead of the introduction of open banking regulations in Bahrain, announced yesterday*, Almoayed Technologies and Token have been working together to enable fast and simple compliance for the Kingdom’s... more
New research by MagnaCarta and Klarna identifies four key issues to dominate fintech
- 6 years 3 months ago
- Banking, IT Innovations
“Removing Roadblocks: The New Road of Fintech”published today by MagnaCarta in partnership with Klarna identifies four key elements critical to the future development of fintech - Relevance, Openness, Automation and Data.
Danske Bank rolls out support for Google Pay
Danske Bank has announced that from today, its customers will be able to use Google Pay to pay in shops, online, in apps and more. This makes Danske the first of the big four Northern Ireland banks to support the main contactless payment services currently available.
Yes Bank reveals APIs for corporate debit mandates
- 6 years 3 months ago
- Banking
YES BANK, India’s 4th largest private sector bank announced successful launch of end-to-end process for corporates to accept NACH Debit mandates from its customers through Net banking.
MUFG Europe Selects Wolters Kluwer for Regulatory Reporting and Risk Software in Germany and The Netherlands
- 6 years 3 months ago
- RegTech, Banking, Risk Management
MUFG Europe, the European subsidiary of Japan’s Mitsubishi UFJ Group, has chosen Wolters Kluwer’s OneSumX software to manage a number of regulatory and risk reporting obligations for its Dutch and German business lines, including AnaCredit and Interest Rate Risk in The Banking Book (IRRBB).
Avaloq and METACO implement crypto asset solution in partnership with Gazprombank (Switzerland) Ltd
- 6 years 3 months ago
- Banking, Infrastructure
Fintech leader Avaloq and crypto-asset custody infrastructure specialist METACO* have entered into an innovation partnership with Gazprombank (Switzerland) Ltd, a Swiss bank, to implement their integrated crypto asset solution. The aim of this product innovation is to provide banks and wealth managers with a fully integrated solution for the management of client portfolios across all asset classes including cryptocurrencies. Gazprombank (... more
Bank Islam Brunei Darussalam Chooses Rambus to Secure Mobile Payments
Rambus Inc. (NASDAQ: RMBS) a leader in digital security, semiconductor and IP products and services, today announced that Bank Islam Brunei Darussalam (BIBD), the largest bank in Brunei, has selected the
Changes in the Board of Managing Directors of Commerzbank AG
- 6 years 3 months ago
- Banking, People Moves
Michael Reuther, the Commerzbank AG Board member for Corporate Clients, has today notified the Supervisory Board that he is happy to fulfil his contract, which runs to the end of September 2019, but that he would decline a potential offer to extend his contract. At the same meeting, the Supervisory Board accepted, with regret, the request of Chief Operating Officer Frank Annuscheit to leave the Board on 28 February 2019 on health grounds. Jörg... more
Iraq IDB’s successful upgrade of iMAL R14
- 6 years 3 months ago
- Islamic Finance
Path Solutions, the Fintech solution provider for Islamic finance, today announced that the International Development Bank for Investment and Finance (“IDB”) in Iraq has successfully completed the upgrade of its core banking system to the new Path Solutions’ core, digital platform and echannels of iMAL R14, as of 30th September.
