Economist Impact Report for Temenos: Europe’s Banks are Challenging the Challengers
- 2 years 7 months ago
- Banking
New research from Economist Impact supported by Temenos finds that European banks are fighting back against competition from platform players, neobanks, and payment providers.
FIS Widens Access to Open Banking Through Partnership With Banked
- 2 years 7 months ago
- Banking
FIS®, a global leader in financial technology, today announced it has entered a strategic partnership with Banked, a leading provider of open banking solutions, to drive new pay-by-bank offerings for both businesses and consumers.
92% of Banks Plan to Maintain or Increase Technology Investment in 2024
- 2 years 7 months ago
- Banking
Dragonfly Financial Technologies Corp., a digital banking and treasury management FinTech, today released the findings of its "State of Banking" survey.
Revenued Forges First Neobank Partnership with Found to Drive Innovation and Fuel Business Growth
- 2 years 7 months ago
- Banking
Revenued, a leading fintech that helps small businesses simplify the process of managing business finances, today announced the company's first neobank partnership with
Trustly Integrates MX Data Enhancement to Deliver Better Consumer Shopping and Underwriting Experiences
- 2 years 7 months ago
- Banking
MX Technologies, Inc. today announced MX's data enhancement services will be leveraged as part of Trustly's Open Banking product suite. Over 8,300 global merchants rely on Trustly to enable their consumers to pay directly from their bank accounts. With Pay with Bank, consumers enjoy an intuitive, fast, and safe payment method, while merchants can create better experiences and reduce costs with an efficient payment solution.
Ajman Bank Steps Up Sustainability Efforts with Mastercard Solutions
- 2 years 7 months ago
- Banking
Ajman Bank has initiated a collaboration with Mastercard aimed at leveraging the technology giant’s innovative solutions to drive sustainability. The award-winning bank will implement Mastercard’s Carbon Calculator and sign its UAE Sustainable Cards Pledge.
€35B of Customer Deposits Across Europe Now Held by Electronic Money Institutions
- 2 years 8 months ago
- Banking
ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, today announces a new report on the Electronic Money Institution (EMI) market in the UK and Europe. The independent report, commissioned by ClearBank and produced by leading analyst house Celent, finds that EMIs now hold deposits of €35 billion across Europe—an increase of 84% from 2019—but often struggle to find a banking partner that meets their needs.
bunq Sets Its Eyes on UK as It Reports First Full Year of Profitability
- 2 years 8 months ago
- Banking
bunq, the second largest neobank in Europe, reports a pre-tax profit of €53.1 million in 2023. A testament to bunq’s sustainable business model proven to yield record profits throughout 2023, the challenger will direct its net profit to propel its global expansion strategy.
UK Businesses Save 150 Hours Every Year on Operational Tasks by Using Open Banking, Survey Reveals
- 2 years 8 months ago
- Banking
Two in three (66%) larger UK businesses say they are very familiar with open banking and users report an average annual saving of 150 hours usually spent on operational tasks such as processing invoices and financial data, recurring payments and processing refunds, new research reveals.
GFT Acquires Sophos Solutions from Advent International
- 2 years 8 months ago
- Banking
Global digital transformation pioneer GFT Technologies SE (GFT) agreed to acquire 100% of shares in Colombia-based core banking expert Sophos Solutions S.A.S. With Sophos, GFT advances to one of the top 3 banking IT services providers across Latin America and also increases its global delivery capability.
Research Reveals Two Thirds of Banks Struggle with Data Quality and Integrity
- 2 years 8 months ago
- Banking
Mosaic Smart Data (Mosaic), the real-time capital markets data analytics company, has revealed the challenges that front office divisions in investment banks face when attempting to get their data in a fit enough state to deploy AI-powered analytics to improve efficiency, productivity, and profitability.
Nagarro Signs Agreement to License and Develop Temenos Country Model Banks for Romania and Poland
- 2 years 8 months ago
- Banking
Temenos today announced that Nagarro, a global digital engineering leader, has signed an agreement to license and further develop Temenos Country Model Banks for financial institutions in Romania and Poland. The agreement opens new opportunities for growth for Temenos with enhanced local functionality and service capability provided by Nagarro in these markets.
CFPB Proposes Rule to Stop New Junk Fees on Bank Accounts
The Consumer Financial Protection Bureau (CFPB) proposed today to block banks and other financial institutions from one potential source of new junk fee revenue – fees on transactions declined right at the swipe, tap, or click.
Finshape and Arab National Bank (anb) Join Forces for Personalized Banking Solutions
- 2 years 8 months ago
- Banking
Finshape, a leading fintech solutions provider, is excited to announce a strategic collaboration with Arab National Bank (anb), a major bank and a pioneer in innovation in Saudi Arabia. This collaboration aims to deliver customized banking experiences that cater to the unique needs of their customers.
FinTech Wales Welcomes Starling Bank as Latest Partner
- 2 years 8 months ago
- Banking
FinTech Wales, the independent members association and champion of the Fintech and Financial Services industry in Wales, has welcomed Starling Bank as the latest organization to become a Partner to empower Wales as a globally recognized hub of fintech excellence.
