Be Ready - Iliad Offers Testing Solution for Banks Signing Up to Federal Reserve’s FedNowSM Service
- 3 years 4 months ago
- Banking
Iliad Solutions, a global leader in payments testing, is offering support to financial institutions adopting the new FedNow Service to help them get ‘Service’ ready. The FedNow Service, due to go live in July, will give financial institutions across the US the opportunity to provide new, safer and efficient, instant payment services in real-time, 24/7. Testing is critical
Banks Admit to Losing 20% of Their Customers Due to Poor Customer Experience, Having Overlooked What Matters, New Study Reveals
- 3 years 4 months ago
- Banking
Global banks are losing one in five (20%) of their customers due to poor customer experience, having overlooked what truly matters, according to new research by 10x Banking.
Money 20/20: ‘Banks Called Upon to Support SMEs International Expansion, as 70% Abandon Overseas Plans’
- 3 years 4 months ago
- Banking
Banks need better cooperation with SMEs to grow the economy as 70 per cent of businesses have abandoned overseas expansion plans due to a lack of resources and support, according to industry experts at Money 20/20. Almost three quarters (72 per cent) of business owners feel their banks provide ‘very limited’ support around international finances, revealed the SME Empowerment Report from financial toolkit, HedgeFlows.
Enfuce Announces Partnership with Kvika Bank at Money 20/20 to Transform Financial Services in Iceland
- 3 years 4 months ago
- Banking
Card issuing and processing pioneer Enfuce has been chosen by Iceland’s Kvika Bank to modernise its payment services, including the launch of a Visa consumer credit card, integration with Apple Pay and Google Pay, and the relaunch of the bank’s market-leading Aur app.
BANKING FOI STATS: Complaints About Nuisance Calls Saw Freak Drop of 57% in 2022, Quadient Reveals
- 3 years 4 months ago
- Banking
The number of nuisance calls and texts reported to the Information Commissioner’s Office (ICO) dropped by 57% in 2022, a Freedom of Information (FOI) request from technology company Quadient has revealed.
Mumbai-based IndiaP2P Becomes the First Indian Startup to Win Women World Banking’s Fintech Innovation Challenge
- 3 years 4 months ago
- Banking
Mumbai-based fintech startup IndiaP2P announced that it has won the Grand Prize at Women World Banking’s Fintech Innovation Challenge.
Allica Bank Enlists ClearBank to Boost Business Banking for UK SMEs
- 3 years 5 months ago
- Banking
ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, today announced its partnership with Allica Bank, the fintech challenger bank dedicated to supporting established UK small and medium businesses.
European Banks at the Forefront of Climate Innovation Race Must Maximise This Commercial Advantage
- 3 years 5 months ago
- Banking
While some may see ESG as a tick-box exercise, Cogo has found carbon footprint tracker users to be more satisfied with their bank. Many European banks have woken up to this faster than counterparts in other markets around the world by innovating to use data and technology to help customers manage and reduce their impact while also giving them a commercial advantage.
Young Brits Lead Europe in Shunning Bricks and Mortar Banking for Digital
- 3 years 5 months ago
- Banking
Young Brits are significantly more likely than others in Europe to prioritise digital over physical in-person services when choosing a bank or lender, new research has found. The findings – commissioned by CRIF, Europe’s leading provider of digital transformation for financial services – found only one in five (21%) of those aged 18-34 in the UK would now choose a bank based on it having a nearby branch.
Banking for a Greener Future – Tandem Bank Reports Transformational Year in 2022
- 3 years 5 months ago
- Banking
Tandem Bank is further cementing its position as one of the nation’s go-to banks for those looking to save, borrow and spend a little bit greener, as it reports its business performance for 2022. With a transformational year, the bank has surpassed a number of financial milestones: • Underlying operating profit of £4.5m – breaking into underlying profitability for the first time in bank’s history
Agent IQ Secures Capital from Texas-Based Bankers Helping Bankers Fund
- 3 years 5 months ago
- Banking
Agent IQ, a provider of digital customer engagement solutions specializing in making financial services more personal again, announced today the strategic investment from the Bankers Helping Bankers Fund (BHB Fund), a community bank-focused fintech venture capital fund managed by Latitude38 Venture Partners, in partnership with IBAT Services, Inc., a subsidiary of the Independent Bankers Association of Texas (IBAT) and FedFis, a leading banking... more
8th Edition Connected Banking Summit Southern Africa – Innovation & Excellence Awards 2023 Concludes with Resounding Success
- 3 years 5 months ago
- Banking
The banking, financial services, fintech, and tech fin sectors witnessed an extraordinary convergence of brilliance and innovation at the 8th Edition Connected Banking Summit Southern Africa – Innovation & Excellence Awards 2023. This prestigious event, held on 24th May 2023 at the Southern Sun Rosebank In Johannesburg, captivated the minds of industry leaders, inspiring and enlightening them with ground-breaking insights.
BNP Paribas and NatWest Go Live with CobaltFX’s ‘Dynamic Credit’ to Manage Credit Exposures for FX Trades on Interbank Trading Venues
- 3 years 5 months ago
- Banking
BNP Paribas and NatWest are now going live with ‘Dynamic Credit’ from CobaltFX, part of United Fintech, in efforts to simplify and streamline the allocation of credit for FX transactions between banks and improve access to liquidity. According to CobaltFX, the moves are indicative of an increasing trend of financial institutions wanting to optimise the disbursement of credit for FX trades and simultaneously improve market access and control.
Wise Platform Launches its First Partnership in Japan with GMO Aozora Net Bank, Ltd.
- 3 years 5 months ago
- Banking
Wise Platform, Wise’s infrastructure offering for banks and non-banks alike, has announced its first partnership in Japan with GMO Aozora Net Bank, Ltd, bringing fast, low-cost international payments to more than 80,000 corporate customers.
British Business Bank Agrees Initial £75M ENABLE Guarantee with Cynergy Bank
- 3 years 5 months ago
- Banking
The British Business Bank has agreed an initial £75m ENABLE Guarantee with Cynergy Bank. The guarantee will cover a portfolio of term loans secured, within the commercial real estate sector (e.g. hotels or care homes) and has the potential to be increased to £150m, resulting in up to £70m of additional lending capacity to small businesses.
