Banking

SWIFT gpi breaks 50% barrier

During 2018, SWIFT’s gpi payments service continued to radically transform correspondent banking. With the support of hundreds of financial institutions, including the world’s 60 biggest banks, it is now being used to send hundreds of billions in payments every day – more than half (55%) of SWIFT’s cross-border traffic. Read more »

Israel’s largest credit card company selects Temenos

Temenos (SIX: TEMN), the banking software company, today announced that Isracard, the largest credit card company in Israel, has selected Temenos T24 Core Banking. Temenos’ digital open banking platform will help Isracard achieve its strategic goal of simplifying its systems architecture, and enabling the credit card provider to enhance the digital experience for its customers. Read more »

Sohar Islamic Upgrades iMAL e-Services for Internet & Mobile Banking in the Sultanate of Oman

Path Solutions is proud to be a partner of choice for Sohar Islamic - Bank Sohar’s Islamic banking window in the Sultanate of Oman, having implemented and recently upgraded iMAL*E-Banking and iMAL*MobileBanking solutions for them to provide innovative Internet and Mobile Banking services to their customers. Read more »

FICO signs Raiffeisen Bank

To reduce the costs of collections, Raiffeisen Bank International, a leading European retail and commercial bank, will use the cloud edition of FICO® Debt Manager™ solution, a platform for collections and recoveries used by lenders and third-party agencies. The cloud edition is expected to make future upgrades faster and less dependent on IT resources at the bank. Read more »

Digital banking: electronic money and cryptocurrencies. Regulation vs technologies

Over the past year there have been changes in the payment business that have affected various areas, among them: - entry into force of the second payment directive PSD2; - continuing trend of cryptocurrency market regulation and the corresponding changes in the legislation of different countries. Constant changes in the regulation of the payment business, the situation in the global market, emergence of new players - all this makes it necessary... more Read more »

Services That Help Unbanked Populations With Online Holiday Shopping

Last year, Adobe reported 58 of Nov.-to-Dec.’s 60 shopping days saw over $ 1billion in online U.S. sales. This year, the same source shows year-over-year growth across the board: Read more »

Hammurabi Commercial Bank Selects ICS BANKS from ICSFS to Deliver New Advanced Banking Technologies

ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, today announced that Hammurabi Commercial Bank, a new established bank by the Central Bank of Iraq, has selected the multi-awards winning solution ICS BANKS Universal Banking Software Suite. Read more »

Iraq IDB’s successful upgrade of iMAL R14

Path Solutions, the Fintech solution provider for Islamic finance, today announced that the International Development Bank for Investment and Finance (“IDB”) in Iraq has successfully completed the upgrade of its core banking system to the new Path Solutions’ core, digital platform and echannels of iMAL R14, as of 30th September. Read more »

Nordea takes Open Banking beyond PSD2

Nordea is launching Instant Reporting, a new Open Banking solution that enables corporate customers to access their own accounts and integrate real-time data with their own systems and processes. It is the first offering from Nordea that moves beyond legal requirements in PSD2 and turns Open Banking into a commercially viable product. Read more »

Monobank celebrates growth milestone in first year of operation

Monobank, Ukraine’s first digital-only bank, hit 600,000 customers early this month making it one of the fastest growing challenger banks in Europe. Launched in November 2017 and on track to reach profitability in 2019, the award-winning bank’s success is due to the founding team’s uncompromising focus on providing the best mobile banking experience for customers. Read more »

Paysend signs with Vietcombank to bring money transfer revolution to Vietnam

Global payments disruptor PaySend which now has over 350,000 customers across Europe and beyond has signed a strategic partnership agreement with Vietcombank Remittance Company (VCBR), which dominates all inbound money transfers in Vietnam. This partnership will let people from anywhere in the world send money directly to any bank account, NAPAS card, Visa or MasterCard issued in Vietnam.  Read more »

Australia’s first SME “challenger” bank selects VERMEG for their Regulatory Reporting

VERMEG the banking and insurance software solution leader has announced today that Australian Challenger Bank, Judo Capital have selected VERMEG’s AgileREPORTER package, to meet its’ Australian Prudential Regulation Authority (APRA) reporting requirements as part of its’ full banking licence application. Judo Capital is a SME (Small to Medium Enterprise) lender, focused on re-introducing the craft of business lending and will use VERMEG’s cloud-... more Read more »

Temenos selected by its first public bank in Tunisia for digital transformation

Temenos (SIX: TEMN), the banking software company, today announced that Banque de l’Habitat (BH)  has signed for T24 Core Banking, Payments, Channels, Analytics, Financial Crime Mitigation and Enterprise Risk Management. Banque de l’Habitat selected Temenos for its best-in-class technology, superior functionality, and the lowest total cost of ownership over a five-year span. Read more »

Kingdom of Bahrain Eyes Global Leadership in Open Banking

Signalling the pace at which the Kingdom of Bahrain is embracing the new era of open banking, in just one week the Kingdom’s regulator, the Central Bank of Bahrain, has mandated open banking adoption for Bahraini retail banks that provide online banking services to their customers and provided an in-principle confirmation to the first domestic open banking infrastructure provider, Almoayed Technologies. Read more »

Nordic Finance chooses Tieto’s leasing platform to start offering leases and disrupt the leasing market

Tieto has signed an agreement with Swedish leasing broker Nordic Finance to provide a leasing system that disrupts conventional processes and gives customers a smoother experience through digitalisation and automation. Read more »

Pages

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App