FIS Completes Technology Transformation with Bank Leumi USA
- 8 years 9 months ago
- Payments, Banking, IT Innovations, Infrastructure
FIS announced the completion of one of the industry’s most unique transformational projects with Bank Leumi USA.
Earthport Signs a Deal with Bank of The Bahamas
- 8 years 9 months ago
- Banking
Earthport has partnered with Bank of The Bahamas Limited, to provide local payment capability into The Bahamas. Through this new partnership Earthport will help support the efficient, secure and cost effective payment services into the country and further strengthen payment capability into the Caribbean. Currently, this market is only available for financial institution clients due to a condition of Earthport’s regulatory approval in the Bahamas.
Gulf Bank Gets Distinction by IFM 2016 Awards
- 8 years 9 months ago
- Banking, Retail Banking
London-based International Finance Magazine has conferred the 2016 award for 'Best Retail Bank' and 'Best Retail Customer Service Bank' in Kuwait to Gulf Bank. Gulf Bank was established in 1960 and has since progressed to becoming an industry-leading financial services provider complemented by a large network of 56 branches strategically positioned in key locations in Kuwait.
Lloyds Banking Group: Online Lending to Small Businesses Soars in Two Years
- 8 years 9 months ago
- Alternative Finance
The latest figures for Lloyds Banking Group, which includes Lloyds Bank and Bank of Scotland, show that the total amount of online lending to small businesses has doubled in the past two years*, as more businesses are making the move online to manage their banking. The annual value of online lending to small businesses (those with a turnover of less than £1m) is increasing at an even greater rate, with online lending to small business customers... more
Big Banks Can Provide All They Want But the Postal Banking is Still Active
- 8 years 9 months ago
- Banking
Canadian Union of Postal Workers say there are issues on the table, including bringing back postal banking, an idea which has just been rejected by the big bank lobby. "We're not surprised that the big banks, which raked in a $35 billion profit last year by gouging Canadians with some of the highest fees in the world, would oppose a public banking option," said Mike Palecek, president of the Canadian Union of Postal Workers.
Climate Change: Impact on Financial Institutions
- 8 years 9 months ago
- Banking, Risk Management
Global warming adds significant new risks for the world's banks, insurers and pension funds, warns a study published by the Global Risk Institute. "Given the financial service industry's heavily integrated role in society, it is particularly susceptible to the risks associated with climate change," the study notes. "It must therefore ensure that proper climate change strategies and risk management procedures are in place in order to remain... more
TSYS Renews its Agreement with Lloyds Banking Group
- 8 years 10 months ago
- Banking, Infrastructure
TSYS announced that Lloyds Banking Group, the UK's leading provider of current accounts, savings, personal loans, credit cards and mortgages, has renewed its agreement with TSYS to continue to process the bank’s UK commercial card portfolio.
Encentus Federal Credit Union Opts Fiserv's Portico Technology Suite
- 8 years 10 months ago
- Banking
Fiserv, a leading global provider of financial services technology solutions, announced today that Encentus Federal Credit Union, based in Tulsa, Oklahoma, has selected the Portico® core account processing platform with an integrated solution suite that includes digital banking and lending services.
Sierra Bancorp Closed Acquisition of Coast Bancorp of San Luis Obispo County
Sierra Bancorp, the holding company of Bank of the Sierra, announced today the completion of its acquisition of Coast Bancorp of San Luis Obispo County, California through the merger of Coast Bancorp with and into Sierra Bancorp. Pursuant to the terms of the acquisition agreement dated January 4, 2016, Coast Bancorp shareholders received aggregate merger consideration of approximately $13.5 million, payable $3.3 million in cash with the... more
FIS Named “Most Disruptive” at the 2016 PYMNTS.com/Alexa Challenge
- 8 years 10 months ago
- Payments, Banking, Infrastructure
FIS™ won the “Most Disruptive” award at the 2016 PYMNTS.com/Alexa Challenge. FIS was selected for its ability to provide millennial consumers “relevant and timely guidance to better inform their financial decisions,” according to PYMNTS.
Sunrise Bank Raised Over $25 million in its Stock Offering
- 8 years 10 months ago
- Banking
Sunrise Bank raised over $25 million in its overwhelmingly successful stock offering. The Bank undertook the offering with the dual intentions of returning to sub-chapter S tax status and to increase capital to support its expansion into the Orlando market.
Ovamba Teams Up with New Investors to Unlock The Potential of SMEs in Africa
- 8 years 10 months ago
- Banking, Alternative Finance, Crowdfunding
Ovamba Cameroon Solutions, an online African funding and logistics services provider for SMEs (small and medium sized businesses), announces partnerships with two investors, Crowdcredit and Courtyard Capital. The partnership highlights the commitment of all three companies to unlocking the potential of SMEs in Africa.
Path Solutions' iMAL Selected by BOK International
- 8 years 10 months ago
- Islamic Finance
Path Solutions, announces today that BOK International (“BOKI”) first overseas branch office for Bank of Khartoum (“BOK”) in Bahrain has completed successfully the implementation of iMAL across its operations.
First Data Enters into Strategic Partnership with Silicon Valley Bank
- 8 years 10 months ago
- Payments, Banking, IT Innovations, Infrastructure
As technology companies mature from startups through growth-stage to global corporations, they need strong partners that can support their growth and understand their rapidly evolving business needs.
YES BANK Unveils Revamped 'Mobile First' Website
- 8 years 10 months ago
- Banking, Infrastructure
YES BANK, India's 5th largest private sector bank has launched its new revamped website http://www.yesbank.in to offer a consistent, superior customer experience optimized across latest browsers, tablets and mobile phones. This launch is yet another step in establishing YES BANK as a truly digitized bank, and towards fulfilling its commitment to offer consistent and superior customer experience.
