Aspiring Blockchain bank BABB raises 1.4m to help Unbanked
- 6 years 9 months ago
- Blockchain, Investment, Banking
BABB has successfully completed its equity crowdfunding through Crowdcube, raising more than £1,400,000 from 1,232 investors. The funds will be used to support BABB’s applications for banking licences in the UK and Lithuania. BABB is building a decentralised platform using blockchain and biometrics technology, to provide mobile banking services to empower the global micro economy and tackle one of the world’s biggest challenges: how to... more
SaxoSelect sees 36% increase in its Managed Trading Strategies AUM despite uncertain economic backdrop in Q3
- 6 years 9 months ago
- Banking
SaxoSelect, the digital service that enables clients of Saxo Bank to invest in pre-selected investments, has reported a 36% increase in AUM for its range of Managed Trading Strategies over the third quarter. The sharp increase in riskier investment strategies comes despite an uncertain economic background throughout the quarter.
Nordea sells non-performing loan portfolio
- 6 years 9 months ago
- Banking
Nordea has entered into an agreement with the Norwegian company B2Holding to sell a portfolio of non-performing loans. A total of 12,000 non-performing customer accounts will be transferred to B2Holding, which operates the debt collection company Nordic Debt Collection in Denmark. “We let professional debt collection companies take over more of the non-performing accounts. Instead we can focus on our prevention work and help our customers avoid... more
TCB finalizes Taiwan's first standardized QR Code payment in partnership with Visa
Taiwan Cooperative Bank (TCB) and Visa, the global leader in digital payments, today implemented Taiwan's first standardized and EMV-compliant QR Code payment. Wu-Shung Yan, Executive Vice President, Taiwan Cooperative Bank and Eric Wang, Visa’s Head of Product for Taiwan, demonstrating Taiwan’s first QR Code payment by an international payment network following EMV Specifications.
GIFA has named Mohammed Kateeb as the 2018 recipient of the Advocacy Award
- 6 years 9 months ago
- Islamic Finance
September 29th was a remarkable day for Path Solutions as it was recognized and honored twice at the annual Global Islamic Finance Awards (GIFA). The Group Chairman & CEO, Mohammed Kateeb was honored with the Advocacy Award – Islamic Financial Technology, while the company bagged the Market Leadership Award.
Swift User Group Meeting for Iraqi Banks
- 6 years 9 months ago
- Banking
ICSFS was privileged to speak at Swift’s User Group Meeting for Iraqi banks, that took place in Amman, Jordan on 3 October, 2018.
International Webinar: Fintech vs traditional banking October 17 and 25, 2018
Today, Fintech has a strong position in the financial market because the banking sector has experienced a number of difficulties, which has reduced public confidence in the traditional banking system. The EU-introduced PSD2 directive increased competition in the payments sector. Accepting the European option as a ready-made scheme, other states began to use open banking services as an accelerator to achieve their goals.
ICICI Bank Reveals Odyssey City Card
ICICI Bank Ltd. today announced a multi-year partnership with the Bhubaneswar Municipal Corporation (BMC) and Bhubaneswar Smart City Limited (BSCL) to launch a Common Payment Card System (CPCS) which will help citizens use a single payment option for their multi-purpose city-level usage.
BofA presents new mobile capabilities
- 6 years 9 months ago
- Banking, Security, Infrastructure
Bank of America today announced that it is introducing a new feature that will allow clients to move seamlessly between the Bank of America, Merrill Lynch, Merrill Edge and U.S. Trust mobile apps without having to re-authenticate. The new feature is part of a broader approach designed to make it easier for clients to manage their banking and investing activities in one place.
Finxact Unveils Finxact Adaptor to Salesforce AppExchange for banks and fintechs
- 6 years 10 months ago
- Banking
Finxact, a leading innovator in Core as a Service banking technology, today announced it has launched the Finxact Adapter for Salesforce on Salesforce AppExchange, empowering banks and other financial services companies to leverage Financial Services Cloud to connect into the Finxact Core and access bank accounts directly for creating better customer experiences in banking and other financial services.
UniCredit launches workshop-based competition for Gen Z
- 6 years 10 months ago
- Banking
UniCredit, together with Eastwest, today opens the registrations for DesiGenZ, the workshop-based competition focused on finding new ideas for best in class customer journey design for the Bank's future services by working with the bright minds of Generation Z.
CIMB cracks the terminal QR code for mobile wallets
- 6 years 10 months ago
- Banking
CIMB Bank Berhad (“CIMB Bank”) has introduced Quick Response (QR) Payment Acceptance at CIMB terminals, a first- in-the market QR payment acceptance to accept Six major mobile wallets on one terminal.
Bank of Canada's Timothy Lane on decrypting crypto
- 6 years 10 months ago
- Cryptocurrencies, Banking
Some of you here today may have purchased bitcoins or one of the other cryptocurrencies or products that have launched in recent years. I’m not here to give you investment advice about them. Rather, I want to share with you our current thinking about these virtual products.
Almost a third of Brits believe they’ll never pay off their debt
- 6 years 10 months ago
- Banking
Online research from Equifax reveals nearly one third (31%) of people believe they won’t be able to pay off debt within their lifetime, and over one in 10 (12%) say they won’t even be able to reduce their debt levels. The survey, conducted with Gorkana, indicates those aged 18-24 are the most pessimistic about debt, just half (50%) believe they will pay back their debt in full within their lifetime, compared to 78% of 55-64 year olds. Males are... more
Taipei-based E.Sun Commercial Bank Implements Full Suite of Kamakura Risk Management Solutions
- 6 years 10 months ago
- Banking
Kamakura Corporation reported today that Taipei-based E.Sun Commercial Bank has signed an agreement to implement Kamakura's suite of solutions for asset and liability management (ALM), interest rate risk and liquidity management, and interest rate risk in the banking book (IRRBB), as well as managing its liquidity coverage ratio (LCR) and net stable funding ratio (NSFR) in accordance with Basel III regulations. E.Sun selected Kamakura's system... more
