Omnio Group to Unveil New Brand at the Tower of London
Omnio Group, a banking and payment services provider formed from the merger of Payment Cloud Technologies (PCT) and Tuxedo Money Solutions, will host its exclusive launch celebration on 26th February at the Tower of London. Since the successful merger of the two predecessor companies in August 2018, Omnio Group has been refining its suite of innovative financial services as well as developing its all-new brand identity and is now ready to... more
Over half of Brits borrowing from family instead of banks
- 6 years 4 months ago
- Alternative Finance, Infrastructure
New data from the UK’s leading price comparison site, MoneySuperMarket, reveals the true extent to which Brits rely on immediate family for financial help. The data shows that over half (55 per cent) of Brits have borrowed over £100 from a family member, with the average loan reaching as high as £2,2271, meaning the UK’s total family debt runs into the billions.
Sberbank and 500 Startups select seven start-ups for Silicon Valley
- 6 years 4 months ago
- Banking
Sberbank has selected thirty start-ups that completed the acceleration at the joint Russian-American accelerator of Sberbank and 500 Startups. Sberbank also decided to invest up to RUB 120 mln in them. More than half of start-ups received offers on cooperation from major Russian companies that took part in the Demo Day of the accelerator. As a result of the acceleration, seven teams were selected. Their products were recognised as having foreign... more
AccountScore and The Insolvency Panel announce first ever open banking solution for free-to-client debt advisors
- 6 years 4 months ago
- Banking
AccountScore, together with The Insolvency Panel, today announced the launch of the first ever Open Banking solution for the debt advice and debt solutions sector
FreeAgent launches first accounting software feed through Open Banking
- 6 years 4 months ago
- Banking, Infrastructure
Pioneering fintech company becomes the first UK accounting software to provide bank feeds via new Open Banking infrastructure Innovative fintech company FreeAgent has become the first UK accounting software to offer direct bank feeds via the Open Banking platform - giving customers even greater security and visibility over their business finances.
Nomination Board’s proposals to Nordea’s Annual General Meeting 2019
- 6 years 4 months ago
- Banking, Infrastructure
Björn Wahlroos has informed the Nomination Board of his intention to step down from the Board of Directors of Nordea Bank Abp. Torbjörn Magnusson is proposed to replace him as Chair of the Board of Directors. The Nomination Board of Nordea Bank Abp announces today its proposals to Nordea’s Annual General Meeting on 28 March 2019. The Nordea Bank Abp Board of Directors will include the proposals in the notice to the Annual General Meeting to be... more
NatWest and FreeAgent to offer UK accountancy software first
- 6 years 4 months ago
- Banking
NatWest and innovative fintech company FreeAgent are to offer direct bank feeds of NatWest and Royal Bank accounts via the Open Banking platform, exclusively to its SME customers - a UK accounting software first. The improvement will give customers greater security and visibility of the finances they hold with the bank’s NatWest and Royal Bank brands, using the industry’s new Open Banking platform. This will initially be open to a select group... more
Mansfield Bank selects CSI core platform
- 6 years 4 months ago
- Banking
Mansfield Bank ($519 million in assets) has selected Computer Services, Inc. (CSI) (OTCQX: CSVI), a provider of end-to-end financial technology solutions, as its new core provider. The Massachusetts-based bank will implement CSI’s robust product suite, including its NuPoint® core processing solution, digital banking platform and CSI CRM, in order to provide its customers with an enhanced digital banking experience and more efficient back-... more
Singapore offers banks more time to implement e-payment protection rules
The Monetary Authority of Singapore (MAS) will give banks and credit card issuers more time to adopt the E-Payments User Protection Guidelines (“Guidelines”).
CREALOGIX research: one new bank account opened every 6 seconds in the
- 6 years 4 months ago
- Banking
Banking customers are increasingly opening multiple accounts, particularly the younger generations, with up to a third of Millennials and Gen-Zs having opened at least two new accounts in the past 5 years. The research, commissioned by digital banking software provider CREALOGIX, found consumers are attracted by mobile features that improve convenience, functionality and control.
Danske Bank and Nets sign new five-year Dankort agreement
- 6 years 4 months ago
- Banking
Danske Bank and Nets have entered into a five-year agreement to issue and develop the Dankort card. This means that Danske Bank’s customers will still be able to use the Dankort card for payments as they do today. Furthermore, the parties will cooperate to develop the payment infrastructure in Denmark. Danske Bank’s customers must also in future be able to pay with the Dankort card, thus using one of the most popular payment solutions in... more
Banking Competition Remedies Ltd (BCR) announces the opening of the application window for Pool B of the Capability and Innovation Fund
- 6 years 4 months ago
- Banking
Banking Competition Remedies Ltd (BCR), the independent body established to implement the £775 million Royal Bank of Scotland (RBS) State Aid Alternative Remedies Package, today announces the opening of the application window for Pool B of the Capability and Innovation Fund. The Capability and Innovation Fund is designed to support the development of wider capabilities and competition in the SME banking markets. The fund comprises of four pools... more
Absa Innovation Lab to host World Bank's Mission Billion Challenge
- 6 years 4 months ago
- Banking, IT Innovations, Infrastructure
The World Bank’s Identification for Development (ID4D) Initiative is partnering with WorkInProgress, an Absa Innovation Lab in Cape Town, to host a ‘solveathon’ workshop for the inaugural Mission Billion Challenge.
Monzo goes live with Flux digital receipts
- 6 years 4 months ago
- Banking, Infrastructure
Thanks to our partnership with Flux, you’ll now be able to see receipts for purchases at selected retailers in your Monzo app! Right now, you can see receipts whenever you shop at EAT., Itsu, Pure and Pod. A selection of Flux retailers available through Monzo. This is just the beginning. Over the next few months, we’ll be working with Flux to include even more retailers. Some stores also bundle loyalty offers and rewards into their receipts, so... more
Banco BNI Europa picks NDGIT for open banking push
- 6 years 4 months ago
- Banking
The European challenger and innovative bank in Portugal, Banco BNI Europa, became recently a strategic customer of NDGIT, provider of the first API platform for banking and insurance in Europe. BNI Europa implements "PSD2 Ready", NDGIT’s smart standardized software solution following the Berlin Group RTS standard, to fulfil all PSD2 requirements – fast and efficient. This cooperation is a milestone for the future development of Open Banking in... more
