73% of UK SMEs have no contact with their bank relationship manager
- 9 years 2 months ago
- Banking
A new study commissioned by BCSG has revealed that the relationship between retail banks and their small and medium sized business (SMEs) customers is weakening. The research demonstrates that the shift to digital services has increased the risk of switching financial service provider and that banks must move towards a model that drives engagement through business critical insight and services to defend against SME churn.
Nordea has selected Accenture and Temenos to help the bank replace its core banking systems
- 9 years 2 months ago
- Banking, Infrastructure
Accenture will assist with implemention of the new platform, which will be based on Temenos’ core banking software. The Stockholm-based bank took a EUR344 million impairment charge on its current IT systems in Q3 as it outlined plans to embark on a major project to rip and replace its core banking and payments systems.
NCR and Q-nomy Software Solutions Bridge Cumberland’s Digital and Physical Banking Channels
- 9 years 2 months ago
- Banking
NCR Corporation (NYSE: NCR), the global leader in consumer transaction technologies, announced today that Cumberland Building Society has chosen NCR and technology partner Q-nomy to deliver a multi-channel appointment booking service to its members in bank branches across the U.K. and online.
Gulf Bank Wins IFM 2015 Awards
- 9 years 2 months ago
- Banking
London-based International Finance Magazine has conferred the 2015 awards for 'Best Retail Bank' and 'Best Retail Customer Service Bank' in Kuwait to Gulf Bank. The awards will be presented in London later this year in November.
Two in five Americans (39 percent) use a mobile device to manage their bank account at least once per month
- 9 years 3 months ago
- Banking
Two in five Americans (39 percent) use a mobile device to manage their bank account at least once per month and nearly half of mobile device owners (45 percent) do so, according to a recent survey by the American Bankers Association.
Resurs Bank Selects Provenir for Faster Credit Decisions
- 9 years 3 months ago
- Payments, Banking, Infrastructure
Provenir Ltd., the risk decisioning solutions provider, today announces that Resurs Bank, a market leader for retail finance to private customers in the Nordic countries, has chosen Provenir to globally support its customer risk and decisioning processes. Based in Sweden and expanding in the Nordic region, Resurs Bank is a recognised industry leader delivering customer centric services for sales finance, e-commerce finance, credit cards and... more
Khan Bank selects Diasoft to automate its Custody operations
- 9 years 3 months ago
- Wholesale Banking
Diasoft, a leading provider of cutting edge financial software solutions, announced today that Khan Bank, one of the largest commercial banks in Mongolia, has selected Diasoft Custody solution to automate its new line of business.
Bank Muscat Meethaq upgrades Islamic core banking system
- 9 years 3 months ago
- Islamic Finance
Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, as part of continuous endeavour to provide world class services through the latest technology and innovation, has upgraded its core banking system, resulting in a host of cutting edge and first-of-its-kind Islamic banking services covering ATM/CDM, debit card and mobile banking for Meethaq customers. Meethaq now functions with the new iMAL Islamic core banking system.
Commercial lending and supply chain finance growth under biggest threat from non-bank players, finds Misys survey
- 9 years 3 months ago
- Banking
Banks believe that new digitally enabled supplier finance networks and alternative lenders now pose a significant threat to every part of the commercial lending business, according to a new survey conducted by Misys, the leading financial software company. Key findings from the survey include: · 68% cited small business lending as being under high threat · 61% see competitive pressure in supply chain finance product lines, such... more
UK credit checking startup Ormsby Street launches in Italy
- 9 years 3 months ago
- Retail Banking
Fintech startup Ormsby Street has launched its innovative credit-checking tool CreditHQ in Italy, as part of a new partnership with one of Italy’s biggest and most-used banks.
UK fintech firm Alpha Insight rolls out into global banking sector
- 9 years 3 months ago
- Banking
Alpha Insight, a UK fintech company with a three-year track-record of exceptional delivery, is looking to shake up the global financial sector through its real-time process monitoring and measurement solutions. Combining deep financial experience and technical monitoring skills, Alpha Insight successfully makes sense of millions of metrics, creating unrivalled end-to-end insight into financial organisations’ business flows without the... more
FIS expands into India to Drive Banking Access
- 9 years 3 months ago
- Banking
FIS™ (NYSE: FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions, announced the launch of India’s first financial inclusion lab in Bengaluru. The lab is aimed at developing innovative ways to extend banking access to India’s millions of underbanked citizens.
Monet receives funding by Bill & Malinda Gates Foundation for its Universal Payment Gateway & Mobile Point-of-Sale initiatives in Pakistan
- 9 years 3 months ago
- Wholesale Banking
Monet (Private) Limited announced today that it is a Grand Challenges Explorations winner, an initiative funded by the Bill & Melinda Gates Foundation. The company is actively pursuing an innovative global financial and development research project to enable universal acceptance of mobile money payments.
Mobey Forum Calls on Banking Industry to Debate the Impact of Digitalisation
- 9 years 3 months ago
- Banking
Mobey Forum will lead the banking industry in addressing the digitalisation of financial services at its annual Mobey Day conference, taking place in Barcelona on 14-15 October and today confirms CaixaBank, Equens, MasterCard, Sequent and UBS as speakers. EMVCo, the global technical body that manages the EMV® Specifications, will also host a seminar at Mobey Day which will educate delegates on EMVCo’s role in promoting the global... more
MarketInvoice to expand access to retail investors with £6 million investment
- 9 years 3 months ago
- Investment, Retail Banking
MarketInvoice, a P2P platform for small business lending, has raised £6 million in its first round of financing as part of an effort to attract retail investors. Launched in 2011 and based in London, MarketInvoice has traded £475 million across the platform - which provides invoice-backed working capital to businesses - with £30m per month currently being raised. The £6 million investment in the firm comes from existing shareholders Northzone... more
