New Survey Shows Widespread Intercompany Issues Impacting Corporations’ Business, Finance and Accounting Operations and Only Getting Worse
- 3 years 11 months ago
- Banking
Nearly Two-Thirds Report Intercompany Issues Increase Employee Stress with 90% Reporting All-Nighters to be a Regular Occurrence
Fnality Reveals Intraday Liquidity Savings for Wholesale Banks of up to 70% as it Prepares to Roll out blockchain-powered Payment System Globally
- 3 years 11 months ago
- Blockchain, Banking
Fnality has developed a first-of-its-kind solution to the significant fragmentation in cross-currency interbank payments ‘Fnality Participant Simulator’, created with FNA, has estimated the daily liquidity requirements reduction for banks when consolidating multiple existing payment rails into Fnality’s payment system Potential intraday liquidity savings for participant wholesale banks was found to be between 33% - 70%, reducing funding costs... more
Sustainability, BaaS and Embedded Finance Investments Priorities for Banks in 2022
- 3 years 11 months ago
- Banking
A new independent survey of more than 250 UK banking and financial services companies has revealed how recent technology trends have influenced their long-term strategies:
Signzy Enlists Former PayPal India Enterprise Business Head as Chief Growth Officer
~Siddharth Dhamija to help the startup scale BFSI transformation in EMEA and APAC~ Banking infrastructure enabler Signzy, announced the joining of Siddharth Dhamija as their Chief Growth Officer (CGO) to strengthen their global expansion across Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC) regions. The announcement follows Signzy’s recent entry into UAE and continued expansion of its C-suite leaders in the region.
New Research Reveals the Banking and Payments Habits of UK Consumers
· Mobile banking tops the way most consumers bank today (71%), compared to just 15% in 2014
Temenos Expands Collaboration with Microsoft to Meet Growing Demand for the Temenos Banking Cloud
Temenos working with Microsoft on SaaS and Green Cloud initiatives in financial services built on Microsoft Azure Temenos, the banking software company, announces it is expanding its strategic relationship with Microsoft to meet the growing demand from banks for SaaS and banking services delivered by The Temenos’ Banking Cloud.
Path Solutions Is Announced Winner in 3 Categories for the 2021 Fintech Prize
- 3 years 11 months ago
- Islamic Finance
We are delighted to announce that Path Solutions was ranked highly and named a winner in three categories among top firms worldwide at the recently held Fintech Prize 2021 on December 1st via a virtual ceremony over YouTube: - Path Solutions was named Best Islamic Fintech Solution Provider Of The Year, for second time in a row. - IFIN Services, a joint venture between IFAAS and Path Solutions was selected Islamic Fintech Startup Of The Year.
MODIFI Announces 145m USD to Power International SME Trade Among Supply Chain Turmoil
Global fintech MODIFI today announced 145m USD in debt financing with existing bank partners Silicon Valley Bank and Solarisbank. The funds will be used to address increasing demand and help more small and medium-sized enterprises trade internationally on MODIFI's digital platform.
FSS and CSB Bank Launch Smart Cash to Boost Financial Inclusion
FSS (Financial Software and Systems)), a globally leading provider of integrated payment products and a payments processor, and CSB Bank, one of the oldest private sector banks in India, have joined forces to deliver hyperlocal banking services to financially underserved segments. Under the aegis of this partnership, CSB Bank and FSS plan to open 1,000 Smart Cash franchisees in semi-urban and rural areas across India to expand financial services... more
Malaysia’s KAF to Launch Digital Lending on the Temenos Banking Cloud
Temenos enables KAF to offer conventional and Islamic financing on a single platform and extend to full digital banking in the future Temenos (SIX: TEMN), the banking software company, today announced that KAF, a well-diversified financial services conglomerate in Malaysia, has selected the Temenos Banking Cloud to launch a digital lending business. KAF will use Temenos Banking Services for retail loans and Islamic financing delivered on the... more
Backbase Partners with Blue Federal Credit Union to Revolutionize Members’ Retail and Business Banking Experiences
New partnership will enable Blue Federal Credit Union to capture increased market share and launch a best-in-class engagement banking platform
96% of European Brands Will Offer Embedded Payments Within Five Years
● A new report from OpenPayd shows embedded payments to become the most popular form of embedded finance. 22% of companies surveyed already have embedded payment products in development
Pecunpay Signs Agreement with Unionpay International to Become First Spanish Issuer of Unionpay Cards in Spain
- 3 years 11 months ago
- Banking
The agreement opens the door to a vast and growing market with excellent potential. The agreement will cover commercial products, consumer and corporate cards, as well as mobile payment systems.
Challenger Bank Recognise Appoints Paul Beadle as Head of Communications
- 3 years 11 months ago
- Banking
Beadle will oversee the launch of new business savings and lending products Paul Beadle has been appointed as Head of Communications for Recognise Bank, one of the UK’s newest fintech challenger banks, which launched just over a year ago to serve the country’s small business sector, as well as offering personal and business savings products.
VERMEG Launches Software Solution to Connect European Banks Into New Eurosystem Collateral Management System (ECMS)
- 3 years 11 months ago
- Asset Management, Wealth Management, Banking, Insurance
VERMEG, a specialized software house covering three main market segments in financial services - Banking, Wealth and Asset Management and Insurance, announces a new software solution, ‘EASY Collateral by VERMEG’ to enable European Banks to be ready for connection and operation with the new ECMS, which launches in November 2023.
