First National Bank Customers Can Now Manage Debit Cards from Mobile Banking with New Module for Mobiliti from Fiserv
- 9 years 12 months ago
- Banking
Fiserv, a leading global provider of financial services technology solutions, today announced that First National Bank of Pennsylvania, the largest subsidiary of F.N.B. Corporation (NYSE:FNB), has upgraded to the latest version of the Mobiliti Advantage™ mobile banking and payments platform and added mobile card control capabilities. The bank is the first Mobiliti client to integrate card control capabilities into their mobile app.
Equifax Can Help Financial Institutions with Military Lending Act Requirements
- 9 years 12 months ago
- Banking, Infrastructure
Equifax, a global information solutions powerhouse, announced that it is ready to assist banks with the new Military Lending Act (MLA) requirements. Beginning Oct. 3, 2016, creditors will be required to verify whether a consumer is a covered borrower before originating or closing certain credit products and retain the record for five years. The Equifax MLA solution helps lenders by providing an indicator of covered borrower status either in a... more
Axion Swiss Bank and Avaloq sign long-term contract for BPO services
- 9 years 12 months ago
- Banking
The specialised asset manager Axion Swiss Bank has signed a long-term contract with Avaloq for full Business Process Outsourcing (BPO) services. By partnering with Avaloq, the bank will benefit from the same advantages as its parent company BancaStato, which has been relying on Avaloq’s expertise and competence since 2012. The migration is expected to be completed by the beginning of January 2017.
nCino Introduces Loan Auto Decision to its Bank Operating System
nCino, the worldwide leader in cloud banking, has introduced Loan Auto Decision to its Bank Operating System, enabling financial institutions to automatically run loan requests against their existing, proven credit policies, rendering decisions and providing customers with funds more quickly and efficiently than ever before.
ING Reduces its Stake in Kotak Mahindra Bank to 3.9%
- 9 years 12 months ago
- Banking
ING today announced the sale of 46.7 million ordinary shares of Kotak Mahindra Bank (Kotak). The shares were sold at a price of INR 782.32 per share. Gross proceeds to ING from the offering amount to approximately EUR 490 million (at the current exchange rate). The sale reduces ING's stake in Kotak from currently 6.4% to 3.9%. ING's remaining stake in Kotak will be subject to a 90 day lock-up following settlement of the transaction which is... more
SWIFT Outlines New Ways for Banks to Simplify Payment Routing Data
- 9 years 12 months ago
- Banking
SWIFT today announces the publication of a new paper discussing opportunities for banks to streamline their internal routing practices. The paper highlights how some banks used the transition to SEPA as an opportune moment to simplify their internal routing practices – and how upcoming initiatives may present similar opportunities.
BIAN Launches Service Landscape SL 5.0
- 9 years 12 months ago
- Banking, Infrastructure
Today the Banking Industry Architecture Network (BIAN) is launching the latest development of its collaboratively-defined banking technology framework, designed to standardise and simplify overall banking architecture on a global scale – termed Service Landscape (SL) 5.0.
Earthport Signs MoU with SECB Swiss Euro Clearing Bank
- 9 years 12 months ago
- Banking
Earthport (AIM: EPO.L), the leading payment network for cross-border transactions, is pleased to announce that it has signed a Memorandum of Understanding (MoU) with SECB Swiss Euro Clearing Bank (SECB), in order to reach an agreement to provide foreign payment services. SECB Swiss Euro Clearing Bank is based in Frankfurt, Germany, and is a significant bank in the region. It is Earthport’s goal to establish itself as a local service provider of... more
Managing Risk and Driving Trade will Shape Next Chapter of the African Growth Story
- 9 years 12 months ago
- Trade Finance, Banking, Risk Management
“A correct understanding of risk in Africa – along with an appreciation of the growth potential yet to be unlocked by trade; both cross-border and intra-Africa, provides global corporates with a new lens through which to identify and access African growth,” says Vinod Madhavan, Head, Transactional Products and Services, Africa at Standard Bank.
Form3 Financial Cloud Unveils SaaS Payments and Banking Solutions at Sibos
Form3 Financial Cloud has today launched at Sibos, providing leading edge cloud technologies for financial institutions through a SaaS delivery model. Form3 delivers comprehensive payment and core banking solutions, accessed through a single API and integration platform, ready to use on a pay as you go basis.
Equiniti to Develop New Digital Banking Platform
- 9 years 12 months ago
- Banking, Infrastructure
Equiniti Group PLC, a leading provider of powerful technology solutions, today announces that it is developing a new module which will change the way corporates apply for loans. This is part of the market leading RiskFactor technology, acquired by Equiniti in March 2016. RiskFactor is used by 90% of the receivables finance market in the UK and monitors £35bn of lending activity.
U.S. Bank Offers Electronic Freight Payment Invoicing to Europe
Elavon Financial Services, European subsidiary of U.S. Bank, offers electronic freight invoicing support specially designed to satisfy developing regulatory requirements in Europe. The e-invoicing service from Elavon Freight Payment is fully automated, traceable for auditing and compliant with European Union and local regulations. Built on a highly adaptable invoice processing platform, the Elavon e-invoicing process makes it simple for business... more
Profile to showcase new products at Sibos 2016
- 10 years 4 days ago
- Wealth Management, Banking
Profile Software, an international financial solutions provider, announced today its participation in Sibos 2016 the world’s premier financial event organised by SWIFT, taking place on 26-29 September in Palexpo Geneva, Switzerland, to showcase its pioneering product developments and international implementations.
FICO Provides Decision Management Platform for UniCredit's Buddybank
- 10 years 6 days ago
- Management, Banking, Infrastructure
Analytic software firm FICO today announced it is providing the decision management platform for UniCredit's buddybank, a bank project exclusively designed for smartphones.
CMA's Open Banking Revolution Urges Banks to Break Siloes & Unify Data
- 10 years 1 week ago
- Banking, Regulatory Standards
The Competition and Marketing Authority (CMA)’s “Open Banking Revolution” promises challenger banks a golden opportunity to steal business from their more established competitors, thanks to their supposedly more modern approach to technology and customer services. However, challenger banks are missing an open goal by making the same customer service mistakes as the old guard, GMC Software has warned. While challenger banks focus on customer... more
