Report: Nearly 80% of European Banks Are in the Process of Leaving Legacy Cards Platforms
- 8 months 3 weeks ago
- Banking
A new study released by Tietoevry has found that 79% of banks in Europe are currently in the process of modernizing away from legacy card platforms. This is up from 60% two years before, reflecting the acknowledgment that banks must update their systems in order to meet the demands for faster, smoother, and safer payments experiences.
Waafi Bank Selects the Bank of London as Its UK Banking Services Provider
- 8 months 3 weeks ago
- Banking
The Bank of London today announces it has been selected by Waafi Bank, a start-up bank based in Malaysia, as its banking services provider to support its plans to enter the UK with its Shariah-compliant banking offering. Founded in 2020, Waafi’s vision is ‘to bring Islamic banking to every corner of the globe’ and provide Muslims with access to financial solutions that align with their faith.
10x Partners with SunTec Business Solutions to Enable Banks to Offer Personalized and Contextual Products to Their Customers
- 9 months 15 hours ago
- Banking
10x Banking, the cloud-native core banking platform, has today announced a strategic partnership with SunTec Business Solutions, the world’s leading relationship-based pricing and billing provider, to enable banks to offer personalized and contextual products, services and offers to their customers, across Corporate, SME and Retail Banking.
Advapay Partners with ICT Misr for Core Banking Solutions in Egypt & Libya
- 9 months 2 days ago
- Core Banking
Advapay, a provider of core banking and digital banking software for fintech companies, is pleased to announce an exclusive partnership with ICT Misr, a prominent IT consultancy firm and systems integrator headquartered in Egypt. This strategic collaboration will enable Advapay to expand its reach and offer solutions to customers in Egypt and Libya.
Surety Bank Chooses the Apiture Digital Banking Platform to Power Online and Mobile Banking
- 9 months 1 week ago
- Banking
Apiture, a leading provider of digital banking solutions, today announced that Surety Bank, a Florida-based community bank with customers nationally, has selected the Apiture Digital Banking Platform to power online and mobile banking for its commercial and retail customers.
Lincoln Savings Bank (LSB) Joins American Fintech Council (AFC)
- 9 months 1 week ago
- Banking
The American Fintech Council (AFC), the premier industry association representing responsible fintech companies and innovative banks, today announced the addition of Lincoln Savings Bank (LSB) as its newest member. Founded in 1902, LSB is owned and managed by Iowans and offers full-service community banking and financial services, in addition to fintech and banking as a service offerings through its LSBX division.
German Commerzbank AG to Open Baltic Representative Office in Lithuania
- 9 months 1 week ago
- Banking
Commerzbank AG, one of Germany’s oldest financial institutions, has announced plans to open a Representative Office in Vilnius. The new Representative will serve as the hub for the three Baltic States Estonia, Latvia, and Lithuania. Specifically, Commerzbank will focus on trade and project finance in the region. Additionally, the deepening of the cooperation with the public sector and local financial services industry is a key priority.
Baton Systems Transforms Bank Treasury with Real-Time Liquidity Management
- 9 months 1 week ago
- Banking
Baton Systems, a global capital markets tech provider orchestrating the optimised settlement of $20-30 billion (USD) in asset value daily, has introduced new treasury management tools designed to optimise intraday liquidity, reduce costly buffers, and mitigate risk in real-time. The new liquidity management capabilities offer firms a means to dramatically reduce their financing costs which have been elevated by interest rate normalisation.
Deutsche Bank and Upvest Announce New Partnership
- 9 months 1 week ago
- Banking
European investment infrastructure provider Upvest has entered into a partnership with Deutsche Bank, one of the world's leading financial services providers. The collaboration will enable Upvest to expand its product offering by embedding Deutsche Bank’s banking infrastructure into its services. It will give Upvest’s clients access to comprehensive end-user cash management solutions, virtual IBANs, and foreign exchange services through Deutsche... more
Nubank: $3.3B Deposits, 8M Customers—Mexico Shines in Nu's Portfolio
- 9 months 1 week ago
- Banking
Standing as the number one business priority for Nu in 2024, Mexico has proven to be a savvy choice in the company's international expansion strategy: one year after the launch of Cuenta, the company has already surpassed 8 million customers in the country and $3.3 billion in deposits. These figures exceed those of Brazil at the same stage of operations: in the company’s home country, there were 7.7 million customers and less than $1 billion in... more
New Horizon Bank Joins American Fintech Council (AFC)
- 9 months 1 week ago
- Banking
The American Fintech Council (AFC), the premier industry association representing responsible fintech companies and innovative banks, today announced the addition of New Horizon Bank as its newest member. New Horizon embodies AFC’s focus on consumer-centric finance and innovations that help businesses and families take control of their financial futures.
FIFA Announces Bank of America as Official Bank Sponsor of FIFA World Cup 26™
- 9 months 1 week ago
- Banking
FIFA is proud to announce Bank of America as its Official Bank Sponsor of FIFA World Cup 26™. The historic partnership underscores the global financial institution’s commitment to promoting wellness, supporting the pursuit of excellence and making a human connection and community impact through the power of sport.
MAS Collaborates With Banks and Technology Partners on Quantum Security
- 9 months 2 weeks ago
- Banking
The Monetary Authority of Singapore (MAS), DBS, HSBC, OCBC, UOB, SPTel and SpeQtral today signed a Memorandum of Understanding (MoU) to embark on quantum security collaboration and study the application of Quantum Key Distribution (QKD) [1] in financial services. QKD can help financial institutions (FIs) protect the exchange of cryptographic keys to address the cybersecurity threats posed by quantum computing.
10x Banking and LTIMindtree Announce Global Partnership to Accelerate Banks’ Modernization Journeys
- 9 months 2 weeks ago
- Banking
10x Banking, the next gen cloud-native core banking platform, and LTIMindtree, a global technology consulting and digital solutions company, today announced a global partnership agreement, making LTIMindtree a key global implementation partner for 10x’s transformational meta core banking platform . This collaboration will enable financial institutions to embrace the significant momentum in the market as banks look to adopt modern core banking... more
Yuno Partners with Nequi to Enhance Financial Inclusion for More Than 20 Million Colombians
- 9 months 2 weeks ago
- Banking
Yuno, the leading global payments orchestration platform, today announces its strategic partnership with Nequi, a digital financial platform with more than 20 million users from diverse backgrounds in Colombia that aims to make people’s daily lives easier.
