Khan Bank selects Diasoft to automate its Custody operations
- 9 years 8 months ago
- Wholesale Banking
Diasoft, a leading provider of cutting edge financial software solutions, announced today that Khan Bank, one of the largest commercial banks in Mongolia, has selected Diasoft Custody solution to automate its new line of business.
Bank Muscat Meethaq upgrades Islamic core banking system
- 9 years 8 months ago
- Islamic Finance
Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, as part of continuous endeavour to provide world class services through the latest technology and innovation, has upgraded its core banking system, resulting in a host of cutting edge and first-of-its-kind Islamic banking services covering ATM/CDM, debit card and mobile banking for Meethaq customers. Meethaq now functions with the new iMAL Islamic core banking system.
Commercial lending and supply chain finance growth under biggest threat from non-bank players, finds Misys survey
- 9 years 8 months ago
- Banking
Banks believe that new digitally enabled supplier finance networks and alternative lenders now pose a significant threat to every part of the commercial lending business, according to a new survey conducted by Misys, the leading financial software company. Key findings from the survey include: · 68% cited small business lending as being under high threat · 61% see competitive pressure in supply chain finance product lines, such... more
UK credit checking startup Ormsby Street launches in Italy
- 9 years 8 months ago
- Retail Banking
Fintech startup Ormsby Street has launched its innovative credit-checking tool CreditHQ in Italy, as part of a new partnership with one of Italy’s biggest and most-used banks.
UK fintech firm Alpha Insight rolls out into global banking sector
- 9 years 9 months ago
- Banking
Alpha Insight, a UK fintech company with a three-year track-record of exceptional delivery, is looking to shake up the global financial sector through its real-time process monitoring and measurement solutions. Combining deep financial experience and technical monitoring skills, Alpha Insight successfully makes sense of millions of metrics, creating unrivalled end-to-end insight into financial organisations’ business flows without the... more
FIS expands into India to Drive Banking Access
- 9 years 9 months ago
- Banking
FIS™ (NYSE: FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions, announced the launch of India’s first financial inclusion lab in Bengaluru. The lab is aimed at developing innovative ways to extend banking access to India’s millions of underbanked citizens.
Monet receives funding by Bill & Malinda Gates Foundation for its Universal Payment Gateway & Mobile Point-of-Sale initiatives in Pakistan
- 9 years 9 months ago
- Wholesale Banking
Monet (Private) Limited announced today that it is a Grand Challenges Explorations winner, an initiative funded by the Bill & Melinda Gates Foundation. The company is actively pursuing an innovative global financial and development research project to enable universal acceptance of mobile money payments.
Mobey Forum Calls on Banking Industry to Debate the Impact of Digitalisation
- 9 years 9 months ago
- Banking
Mobey Forum will lead the banking industry in addressing the digitalisation of financial services at its annual Mobey Day conference, taking place in Barcelona on 14-15 October and today confirms CaixaBank, Equens, MasterCard, Sequent and UBS as speakers. EMVCo, the global technical body that manages the EMV® Specifications, will also host a seminar at Mobey Day which will educate delegates on EMVCo’s role in promoting the global... more
MarketInvoice to expand access to retail investors with £6 million investment
- 9 years 9 months ago
- Investment, Retail Banking
MarketInvoice, a P2P platform for small business lending, has raised £6 million in its first round of financing as part of an effort to attract retail investors. Launched in 2011 and based in London, MarketInvoice has traded £475 million across the platform - which provides invoice-backed working capital to businesses - with £30m per month currently being raised. The £6 million investment in the firm comes from existing shareholders Northzone... more
Fintech pioneer Advanced Payment Solutions succeeds in challenging high street banks
Today Advanced Payment Solutions (APS), an established UK fintech banking services provider, reports a 78% revenue increase in its SME business in the past year, as sole-traders and microbusinesses look beyond traditional banks for their financial solutions. This was complemented by a threefold increase in its rapidly growing credit portfolio.
Avaloq To Implement the Avaloq Banking Suite at Swiss Life Banque Privée
- 9 years 9 months ago
- Banking, Infrastructure
The Avaloq group, an international leader in integrated and comprehensive banking solutions, has successfully implemented the Avaloq Banking Suite at Swiss Life Banque Privée. Swiss Life Banque Privée has chosen the Avaloq Banking Suite for its private banking and securities holding activities, based on its broad functional coverage, adaptability and integration flexibility.
Global banking sector saves half billion pounds with operations performance management
- 9 years 9 months ago
- Banking
Banks have reclaimed over forty million hours of valuable working capacity that would otherwise have been lost or not used effectively, new figures from the specialist operations performance management firm ActiveOps have revealed. In its ten years working with a growing number of banks around the world, this has resulted in cost savings of over £500m through improved operations productivity while allowing banks to improve customer experience.
Atom Bank To Contract With Iress
- 9 years 9 months ago
- Banking, Infrastructure
UK startup Atom Bank is to be the first client for a re-engineered mortgage origination platform designed to meet the needs of digital challenger banks by Iress
Virgin Money to Open Branch in the Style of Airline
- 9 years 9 months ago
- Retail Banking
Not content with having an actual airline, Richard Branson has decked out the newest Virgin Money branch in the style of a plane cabin, complete with a cockpit simulator playroom for kids. The sixth Virgin Money 'lounge' on Haymarket in London has an entrance level where customers can watch TV, browse through banking information on a huge interactive touch screen display, or relax in front of a virtual fish tank, complete with virtual Richard... more
RedCloud and Insiyabi sign contract for mobile-banking solution in Africa, Asia and the Middle East
- 9 years 9 months ago
- Wholesale Banking, Mobile Banking
RedCloud Technologies and Insiyabi sign a Partnership to bring secure Mobile Financial Solutions to the Banked and Bankable across Africa, Asia and the Middle East. Faisal Gill, Executive Director, MEA & Asia at RedCloud had this to say about the partnership; “RedCloud support those organisations who launch highly disruptive digital financial services whether they are; Banks, Financial Technology (FinTech) business, mobile network... more
