Lloyds Bank Completes First Digital Trade Transaction Under New UK Legislation
- 2 years 11 months ago
- Banking
The ETDA gives electronic Bills of Exchange, Bills of Lading and other commercial documents the same legal footing as paper documents. The legislation is designed to give UK businesses and participants in the 60-80% of trade transactions worldwide that are subject to English law, more flexibility in how they trade. The Act will also significantly reduce the environmental impact that paper documentation has, while reducing the cost and time taken... more
The 4th Annual Future Banks Summit & Awards – KSA: Recognizing Innovation & Resilience in The Kingdom
- 2 years 11 months ago
- Banking
“Digital adoption has facilitated more and more payments,” said Przemek Henschke – CIO at D360 Bank at this year’s 4th Annual Future Banks Summit & Awards KSA, in Riyadh, Saudi Arabia.
BankiFi Data Highlights that Convenience and Simplicity are Top of Mind for Small Businesses When Looking to Get Paid
- 2 years 11 months ago
- Banking
According to new customer data from embedded banking provider, BankiFi, businesses from a wide range of sectors continue to trust payment links such as SMS, email and QR codes when requesting payment on invoices, particularly when the relationship between buyer and sellers is already known. The trend comes despite years of warning from banks about a perceived heightened app fraud risk through payment links.
American Banks are Lagging Behind in Climate-friendly Banking Innovation
- 2 years 11 months ago
- Banking
Money20/20 USA calls itself “The world's biggest, most influential gathering of the global money ecosystem”, but amongst 350 speakers and countless topics, ‘sustainability’ and ‘climate’ come up only once on the show agenda.
Intellect Announces the Launch of iGTB Copilot: AI-powered Commercial & Corporate Banking Suite
- 2 years 11 months ago
- Banking
Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Ltd, today announced the launch of iGTB Copilot, a suite of AI solutions for Commercial & Corporate Banking.
Temenos Recognized as Leader in Cloud Core Banking by Omdia.
- 2 years 12 months ago
- Banking
Temenos has today announced that it has been recognized as a market leader in the latest “Omdia Universe: Cloud-based Core Banking 2023” evaluation from Omdia, a leading technology analyst and consulting firm.
HSBC Launches Multi-market Business Account Opening Service in 20 Markets
- 3 years 55 min ago
- Banking
HSBC today announces the launch of a market-leading digital solution which allows business and corporate customers to open accounts for multiple business entities in multiple markets, all in one place. Using a dedicated portal, the streamlined digital application process is fast, simple, and globally consistent, regardless of the market or markets where accounts are being opened.
The Nomura Trust & Banking Co., Ltd. Successfully Goes Live on the nCino Cloud Banking Platform
- 3 years 20 hours ago
- Banking
nCino, Inc., a pioneer in cloud banking for the global financial services industry, today announced that The Nomura Trust & Banking Co., Ltd. (Nomura Trust), a Japanese trust bank and wholly-owned subsidiary of Nomura Holdings, Inc., has successfully implemented and is live on the nCino Cloud Banking Platform.
BIAN Develops New 'Coreless Banking' Concept Advancing Banking Technology
- 3 years 20 hours ago
- Banking
BIAN, the independent not-for-profit standards association, has today announced the third iteration of its ‘Coreless Banking’ initiative, an API-based services architecture designed t
Synchrony Celebrates Art and Sustainability with Grand Inauguration in Hyderabad
- 3 years 22 hours ago
- Banking
Synchrony, a premier consumer financial services company with a rich history spanning over two decades in Hyderabad, proudly presents a fusion of innovation, sustainability, and artistic expression with the inauguration of a remarkable electronic waste art masterpiece at the Raidurg Metro Station.
Varo Bank Extends Partnership with Temenos in the Cloud
- 3 years 1 day ago
- Banking
Temenos today announced that Varo Bank, N.A., the first all-digital, nationally chartered consumer techbank in the US, has extended its relationship with Temenos. Temenos Banking Cloud enables Varo to scale based on customer demands, deploy new products quickly, and drive down operational costs substantially. This has helped the bank to bring innovative products to market faster and at scale to meet the surge in digital banking.
Nucleus Financial to Acquire Curtis Bank
- 3 years 4 days ago
- Banking
Nucleus Financial Platforms (Nucleus), one of the UK’s leading independent adviser platforms, is pleased to announce that its acquisition of the Curtis Banks Group (Curtis Banks) has received all necessary regulatory approvals.
CLS Adds Three Clients to its Cross Currency Swaps Service
- 3 years 4 days ago
- Banking
CLS, a market infrastructure group delivering settlement, processing and data solutions, today announces that three settlement members, including Barclays Bank and Danske Bank, have enrolled in its cross currency swaps (CCS) settlement service. They are joining a growing community of settlement members on the service, including some of the world’s largest banks. The service has witnessed continued growth in recent months, with a 38% year-on-year... more
Adyen Granted UK Banking Authorisation
- 3 years 5 days ago
- Banking
Adyen, the global financial technology platform of choice for leading businesses, today announced that its UK branch has been granted authorisation as a UK bank. This is granted by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) under Part 4A of FSMA 2000.
Saxo Bank Completes Sale of Fintech Joint Venture to Geely Group
- 3 years 6 days ago
- Banking
Saxo Bank is pleased to announce the successful completion of its transaction involving the sale of Saxo Geely Tech Holding A/S (Saxo Fintech) to Geely Financials Denmark. All relevant agreements have been duly signed, formalising the closing of this transaction. As part of this transaction, Saxo Bank receives its own shares in return - equivalent to approximately 2% of the outstanding Saxo Bank shares.
