US Banks To Spend $16.6bn On Digital Transformation
- 9 years 11 months ago
- Payments, Retail Banking
American retail banks will spend $16.6 billion on "digital transformation initiatives" this year, according to research from IDC Financial Insights. As the retail banking delivery model is upended, financial institutions will increasingly focus their budgets on digital transformation, with spending growing at a compound annual growth rate of 10.4% into 2019, predicts IDC. This compares to a growth rate of just 3.9% for overall IT spending by US... more
Citi Upgrades Mobile App For U.S. Clients
- 9 years 11 months ago
- Mobile Banking
Citi announced today the release of its completely redesigned Citi Mobile® App for iPhone® in the U.S. The new app for consumer banking and credit card customers enables the use of the Touch ID feature on iPhone devices, integrates with Apple Watch™ and adds new features responding to customer feedback and changing behaviors. Citi redesigned the app, consolidating menus, delivering effortless browsing, and introducing a new, simplified... more
Western Union To Expand Money Transfers With Bansefi Mexico
- 9 years 11 months ago
- Payments, Retail Banking
As part of its continued commitment to the Mexico market, The Western Union Company (NYSE: WU), a leader in global payment services, and state-owned Banco del Ahorro Nacional y Servicios Financieros, Sociedad Nacional de Crédito, Institución de Banca de Desarrollo (BANSEFI), today announced an agreement to expand access to inbound money transfer services under Western Union, Vigo and Orlandi Valuta brands throughout the country.
Payments Council Changed New Trade Association
- 9 years 11 months ago
- Payments, Retail Banking
Payments UK succeeds the Payments Council, which oversaw the successful roll out of mobile payments tool Paym, the Current Account Switch Service and Faster Payments. However a bungled attempt to abolish cheques prompted the government to move to rein in the self-governing body. In its new role, Payments UK says it will work closely with the Payment Systems Regulator (PSR) in its remit to promote competition and innovation across the sector.
Fiserv Clients Recognized by Retail Banker International for Strategy and Innovation
- 9 years 11 months ago
- Retail Banking
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that four of its clients received recognition at the Retail Banker International Awards 2015 for initiatives executed in conjunction with FISERV. The successful banks and their winning categories include: Westpac Banking Corporation for IT Innovation of the Year, HSBC Mexico for Latin American Retail Bank of the Year and PNC Bank... more
Western Union To Suspend Its Money Transfer Operations In Greece
- 9 years 11 months ago
- Payments, e-Payments, Credit Cards, Retail Banking
Western Union is to suspend its money transfer operations in Greece as the crisis-wracked country reels from an overnight Government decision to shut all banks and the stock market for six business days and impose restrictions on cash machine withdrawals.
China Construction Bank and Euroclear sign MoU to foster offshore RMB growth
- 9 years 11 months ago
- Trade Finance, Banking
Euroclear Bank, the Brussels-based international central securities depository (ICSD), and China Construction Bank (CCB) have today signed a Memorandum of Understanding (MoU) to further develop the offshore Renminbi (RMB) capital market. CCB Chairman Wang Hongzhang, Euroclear group Chairman Marc Antoine Autheman, and Euroclear Chief Technology and Services Officer Lieve Mostrey attended the signing ceremony, joined by the Prime Minister of the... more
French Fintech Startups Bended Together
- 9 years 11 months ago
- Retail Banking
Thirty six fintech startups in France have banded together in a bid to foster a national ecosystem for innovation in financial services.
Lloyds Banking Group Recognised UK’s Digital Leader
- 9 years 11 months ago
- Banking
The 2015 Digital Leaders 100 list honours the highest digital achievements from across the UK’s public, private and non-profit sectors, celebrating individuals and organisations which are leveraging digital to transform the UK’s public services and its social and economic opportunities.
Newest UK Bank Atom Chooses Global Tech Giant FIS To Offer Digital Banking
- 9 years 11 months ago
- Banking
Atom, the designed for digital challenger to the UK banking market, is partnering with FIS™ (NYSE: FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions, to serve banking customers on the go.
Development Bank of the Philippines Chooses Polaris and Kaisa To Transform Its Core Banking Operations
- 9 years 11 months ago
- Retail Banking
Polaris Kaisa, a joint initiative between Polaris Consulting & Services Ltd, a leader in digital transformation solutions & services and Kaisa Consulting, today announced that the Development Bank of the Philippines (DBP), one of the largest Government Financial Institutions (GFI) in the Philippines has chosen to implement Intellect Digital Core (Core Banking Solution) to transform its core banking operations.
Ardmore Banking Advisors and Fintellix Solutions Announce Strategic Alliance for Regulatory Compliance Transformation in US Community Banks
- 9 years 11 months ago
- Banking
Standardization of banking supervision is driving change across the banking industry globally, especially standardization in financial reporting, measurement and management. These initiatives have been steadily expanding the regulatory burden on banks and increasing the cost of regulatory compliance. The Ardmore Banking Advisors and Fintellix alliance was created to address the need for a comprehensive solution that can help community banks more... more
.bank Domain Attracts More Than 3000 Applications
- 9 years 11 months ago
- Online Banking
More than 3000 financial institutions have applied for .bank domain names within 24 hours of the more secure Web address going on general release. The domain is managed by fTLD Registry Services, a private company specifically set up for the task, and owned, operated and governed by banks, insurance companies and their respective trade associations. Having seen more than 700 applications for the new domains during an initial registration period... more
The UK’s Newest Bank, Atom- designed for digital
- 9 years 11 months ago
- Banking
Atom Bank has today been granted its licence by the Bank of England and plans to launch to customers later this year. Championing innovation, transparency and convenience, Atom is developing a range of personal and business banking products and services, delivered through an app experience designed for mobile devices, with desktop to follow.
SWIFT and AIBIM To Launch Islamic Finance Rulebook
- 9 years 11 months ago
- Islamic Finance
SWIFT, in collaboration with The Association of Islamic Banking Institutions Malaysia (AIBIM) announce the launch of a new rulebook for the purpose of promoting message standards in the Islamic banking and finance market.
