Atom bank select TruNarrative for next generation protection against financial crime
TruNarrative are proud to announce their latest partnership with the UK’s first bank built exclusively for mobile and tablet, Atom bank plc, to provide an AML transaction monitoring and financial crime customer screening and monitoring solution.
New Hong Kong Virtual Banking Licenses
- 7 years 5 months ago
- Banking
The Hong Kong Monetary Authority (HKMA) announced (9 May 2019) that the Monetary Authority has granted banking licences under the Banking Ordinance to Ant SME Services (Hong Kong) Limited, Infinium Limited, Insight Fintech HK Limited and Ping An OneConnect Company Limited for them to operate in the form of a virtual bank. The granting of these banking licences takes effect today. According to their business plans, these four newly licenced... more
Judo Bank goes live with cloud-native, cloud-agnostic Temenos T24 Transact
Judo Bank, the first SME focused bank operating in Australia, today announced that it has gone live in record time with Temenos T24 Transact, Analytics, Financial Crime Mitigation and Channels – a module of Temenos Infinity – running on Temenos Cloud.
Outdated Technology Preventing Banks from Investing in Disruptive Technologies, according to Fenergo Survey
- 7 years 5 months ago
- Banking, Infrastructure
Fenergo, the leading provider of digital Client Lifecycle Management (CLM) software solutions for financial institutions, revealed that 20% of C-suite executives in banks say that the maturity of their technology infrastructures is preventing them from investing in new, disruptive technologies including big data analytics and Artificial Intelligence (AI) to improve CLM. 67% are not currently partnered with a fintech/regtech provider to improve... more
IHS Markit Launches Solution to Speed New Account Onboarding
- 7 years 5 months ago
- Banking
IHS Markit (Nasdaq: INFO), a world leader in critical information, and analytics, today announced the launch of Onboarding Accelerator, a new solution to help banks and other service providers open accounts with institutional clients more quickly. Onboarding new clients is complex in financial services because of the amount of information the bank or service provider must collect to satisfy know your customer, anti-money laundering, credit,... more
Leading Tunisian Bank Taps Temenos to Drive Digital Transformation and Future Growth
- 7 years 5 months ago
- Banking
Temenos (SIX: TEMN), the banking software company, today announced that the Arab Tunisian Bank (ATB) has become the latest bank in the country to select Temenos for its digital transformation program. ATB will transform its bank with Temenos Infinity, the breakthrough digital front office product, and Temenos T24 Transact, the next generation core banking software.
Wirecard Partners with Orange to Launch Innovative New Digital Payment and Banking Service in Eastern Europe
Wirecard, the global innovation leader for digital financial technology, is expanding its collaboration with Orange in the field of digital payment and banking. Together with Orange Money in Romania, Wirecard is now offering an innovative financial commerce solution that allows contactless payments with physical and virtual Orange Money debit cards, smartphones, as well as Fitbit and Garmin smartwatches.
Discover Survey Shows Consumers More Satisfied with No Annual Fee Credit Cards
- 7 years 5 months ago
- Banking
A new survey from Discover suggests that paying an annual fee on a credit card does not always guarantee satisfaction with it. The collected data showed that 70 percent of consumers are very satisfied with their credit cards with no annual fee, while in contrast, only 35 percent of respondents said they are equally satisfied with their credit cards that require an annual fee.
Sumitomo Mitsui Trust Bank (Japan) selected Acumennet to be deployed across 6 Overseas Offices to support their Treasury Operations
- 7 years 5 months ago
- Treasury, Banking, Core Banking
Profile Software, an international financial services solutions provider, announced today the selection of Login’s Acumennet by Sumitomo Mitsui Trust Bank, (SuMiTB) in Japan to support their Treasury operations across six overseas offices in the United Kingdom, USA, China, Singapore, Hong Kong and Thailand.
Cross River and RS2 Partner to Offer a Seamless Digital Banking Experience
- 7 years 5 months ago
- Banking
Cross River Bank (“Cross River”), a leading innovator and provider of banking services for financial technology companies, today announced that it has entered into a partnership agreement with RS2 Software, a global payments processing and technology provider. Together, Cross River and RS2 will provide merchants with a seamless, global payment experience for processing credit and debit card transactions, as well as digital banking for their... more
PrePay Solutions Empowers Monese to Harness Apple Pay
PrePay Solutions (PPS), subsidiary of Edenred, the global leader in payment solutions for the working world, has supported its partner, digital challenger bank, Monese, to enable the use of Apple Pay on their accounts.
The Future of Banking
- 7 years 5 months ago
- Banking
The journey from unbundling to rebundling and back has been a formidable one. Emerging technologies and the pace of innovation are driving changes throughout the banking industry at an unprecedented rate. From Asia to Europe, U.S. to Africa, and Australia to the Middle East, consumers are not only increasingly adopting digital – most are demanding it. While the movement toward our ability to bank anywhere is inevitable, the path towards... more
Young Brits Turn to Family Over Banks for Money Advice
- 7 years 5 months ago
- Banking
Research conducted by Bud reveals nearly half of young Brits (45%) will first turn to family members for financial advice over banks, indicating a prevailing disconnect between millennials and their financial services providers. The headline figure was taken from Bud’s multimedia research initiative called Futureproof, which aims to shed light on the complex relationship people have with their money and act as a driver for meaningful and... more
NatWest first UK bank to unveil biometric card
- 7 years 5 months ago
- Banking
The first biometric fingerprint card issued by a UK bank enters circulation today. As part of a national trial NatWest is piloting cutting edge, biometric fingerprint technology with 200 customers. Customers can now use their fingerprint to verify transactions above the £30 contactless limit, increasing security and making it easier for customers when paying for goods or services at the tills as no PIN is required. As well as retaining... more
Instantor Presents Report on Digital Trust: The New Currency for Financial Organisations
- 7 years 5 months ago
- Payments, Banking, Infrastructure
Today Instantor, the second fastest-growing Swedish FinTech, who makes tough calls easy within credit risk management presents How to leverage trust and improve conversion through digitalisation, a report that demonstrates how digitalisation is a critical factor to build trust today and drive business.
