CIMB cracks the terminal QR code for mobile wallets
- 6 years 5 months ago
- Banking
CIMB Bank Berhad (“CIMB Bank”) has introduced Quick Response (QR) Payment Acceptance at CIMB terminals, a first- in-the market QR payment acceptance to accept Six major mobile wallets on one terminal.
Bank of Canada's Timothy Lane on decrypting crypto
- 6 years 5 months ago
- Cryptocurrencies, Banking
Some of you here today may have purchased bitcoins or one of the other cryptocurrencies or products that have launched in recent years. I’m not here to give you investment advice about them. Rather, I want to share with you our current thinking about these virtual products.
Almost a third of Brits believe they’ll never pay off their debt
- 6 years 5 months ago
- Banking
Online research from Equifax reveals nearly one third (31%) of people believe they won’t be able to pay off debt within their lifetime, and over one in 10 (12%) say they won’t even be able to reduce their debt levels. The survey, conducted with Gorkana, indicates those aged 18-24 are the most pessimistic about debt, just half (50%) believe they will pay back their debt in full within their lifetime, compared to 78% of 55-64 year olds. Males are... more
Taipei-based E.Sun Commercial Bank Implements Full Suite of Kamakura Risk Management Solutions
- 6 years 5 months ago
- Banking
Kamakura Corporation reported today that Taipei-based E.Sun Commercial Bank has signed an agreement to implement Kamakura's suite of solutions for asset and liability management (ALM), interest rate risk and liquidity management, and interest rate risk in the banking book (IRRBB), as well as managing its liquidity coverage ratio (LCR) and net stable funding ratio (NSFR) in accordance with Basel III regulations. E.Sun selected Kamakura's system... more
Sberbank offering loans without need to submit proof of income
- 6 years 5 months ago
- Banking
Sberbank has launched a pilot project that involves reviewing loan applications without proof of income documents. The project will let clients take out loans of up to RUB 300,000 without providing proof of income. Loan applications can be submitted in branches and also via the web version of Sberbank Online. This pilot will run until 14 October. It coincides with another consumer lending offer: loans at a minimum interest rate of 11.7%. ... more
Compass Plus migrates first Bolivian customer to TranzAxis
Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has announced its first Bolivian customer, Banco Fassil, has migrated its entire ATM network to TranzAxis. Banco Fassil wanted to implement cash recycling ATMs and self-service kiosks, but its ambitions were limited by the system it was using. The bank chose TranzAxis to enable them to modernise their systems and... more
Record Breaking & Unmatched Results of ICS BANKS® Application from ICSFS Performance and High-watermark Benchmarking on Oracle Exadata Database Machine
- 6 years 5 months ago
- Banking
ICS Financial Systems Limited (ICSFS), a global software and services provider for banks and financial institutions and a Gold level member of Oracle PartnerNetwork (OPN), today announced successful and unmatched results of high-watermark benchmark performance of its ICS BANKS® Universal Banking Application on Oracle Exadata environment.
Incubator B-Hive teams up with Temenos MarketPlace
- 6 years 5 months ago
- Banking, Infrastructure
Temenos (SIX: TEMN), the banking software company, and the collaborative fintech platform B-Hive Europe, announced their associate partnership at Digital Finance Europe on September 26. The collaboration has been launched at the National Bank of Belgium in Brussels. B-Hive’s growth continues, as it partners up with another tremendous tech company. B-Hive has reached a wide audience within the fintech community and joining forces with Temenos... more
SEBA Crypto AG raises CHF100 million to build a FINMA* licensed Bank and Securities Dealer
- 6 years 5 months ago
- Banking
SEBA Crypto AG (SEBA) has secured CHF100 million to ignite its vision to build a regulated bank to bridge the gap between the crypto and traditional financial economies. Headquartered in Zug, Switzerland, SEBA wants to give institutions, corporates and individuals the confidence to operate in both economies, enabling new thinking, creating solutions and managing digital wealth efficiently.
DTCC partners with Symphony to expand Exception management platform
- 6 years 5 months ago
- Banking
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure provider for the global financial services industry, today announced it has signed an agreement with Symphony that significantly expands communication and collaboration capabilities within the DTCC Exception Manager (DXM) service.
SIA launches PSD2-compliant Open Banking platform for new digital payment services
- 6 years 5 months ago
- Banking, Compliance
SIA launches a new “Open Banking” digital platform allowing Italian and European banks, fintechs, corporates, SMEs and public sector organizations to promote and accelerate the creation of innovative payment services, deriving from the introduction of Payment Services Directive 2 (PSD2), to seize new business opportunities in addition to guaranteeing compliance with the regulation.
Tieto launches next-generation Virtual Account Management platform enabling banks to deliver real-time liquidity services
- 6 years 5 months ago
- Banking
Embracing the benefits from instant payments and open banking initiatives, Tieto is currently launching the next generation Virtual Account Management (VAM) platform. This enhanced VAM solution enables banks to deliver a real-time liquidity overview to corporate customers, with the associated benefits of accelerated settlement and immediate availability of funds.
Avaloq named Overall Winner in 2018 IDC FinTech Rankings Real Results Awards
- 6 years 5 months ago
- Banking
Avaloq, the international fintech and leader in integrated banking solutions, has been named as the Overall Winner of the 2018 IDC FinTech Rankings Real Results Awards. Avaloq was also the winner in the specific category of Omni-Experience Transformation for one of their client cases.
Tangerine Bank selects Meniga for personalised digital banking
- 6 years 5 months ago
- Banking
Canada’s leading direct bank offers Meniga’s award-winning personal finance management technology to all clients Tangerine, the Canadian direct bank is pleased to showcase its partnership agreement with Meniga, the global leader in digital banking solutions. The agreement sees Tangerine deploy Meniga’s digital banking solutions to all its clients, as part of its commitment to providing innovative solutions that help Canadians make smart... more
Comviva Announces Foray into Banking CVM with Machine Learning & AI platform
- 6 years 5 months ago
- Artificial Intelligence, Banking
Comviva, the global leader in providing mobility solutions, today announced its foray into banking customer value management (CVM) by entering into a new partnership with Number Theory, an Artificial Intelligence and Enterprise Data Management firm.
