Banking

Ovamba wins FinTech Africa Award 2016

Ovamba Cameroon Solutions (“Ovamba”), an online African funding and logistics services provider for SMEs (small and medium sized businesses), has been recognised as the ‘Best African Lending & Finance company’ of 2016 at the African FinTech Awards and secured a spot in the top-15 for the African FinTech 100. The awards are part of the largest exhibition and conference for finance professionals, Finance Indaba Africa, held annually in... more Read more »

Khaleeji Commercial Bank Reveals Innovative and Leading Products

Khaleeji Commercial Bank, one of Bahrain’s leading Islamic banks, has recently launched a range of innovative and leading products including the “I’teman” account, the “Easy36” credit card and the “Thabet” account. Read more »

High-Street Struggles to Meet Demand of Time-Poor and Tech-savvy Shoppers

With Black Friday fast approaching and marking the start of the busiest shopping period of the year, new research from Barclaycard has revealed that frustrated consumers are turning their backs on the high street. As a result, retailers are facing growing pressure to improve their in-store experience, or risk losing out on sales. Read more »

Credit Union Named 2016 Best Overall Online Banking

Navy Federal Credit Union was named the “2016 Best Overall Online Banking Leader,” according to Javelin Strategy & Research. The credit union’s online platform was recognized for features that empower members to handle financial chores responsibly and guide them along a lifelong financial journey. Read more »

Path Solutions Named Best Technology Solutions Provider to Islamic Microfinance by AlHuda CIBE

Pakistan-based AlHuda CIBE has conferred the “Best Technology Solutions Provider to IMF 2016” award to Path Solutions for promoting global financial inclusion and demonstrating exemplary social responsibility towards a sustainable financial system.          The award was granted to Path Solutions after a rigorous evaluation of a record number of nominations by an internal research team and an award committee at AlHuda CIBE.  Read more »

Citi Unveils Global API Developer Portal to Enable Open Banking

Citi announced the launch of a new global API Developer Portal (developer.citi.com) to rapidly connect with developers and enable them to build innovative client solutions faster than ever before. The global developer platform is one of the most comprehensive to date in the financial services industry. Read more »

Alibaba Group Generated USD 7 Billion of GMV within the First Two Hours of the 2016 11.11 Global Shopping Festival

 Alibaba Group Holding Limited (NYSE: BABA) announced that more than USD 7 billion (RMB 47.5 billion) of gross merchandise volume (GMV) was settled through Alipay on Alibaba’s China and international retail marketplaces within the first two hours of the 2016 11.11 Global Shopping Festival.  Read more »

Cinnober Expands Investment in Real-Time Clearing For Banks

The Board of Cinnober has decided to further develop its business area for sales of real-time clearing technology and services to large international banks, so-called client clearing. To focus fully on this venture, Cinnober will transfer the rights to this technology to a subsidiary, which will further commercialize the offering. Read more »

JMP Securities and European Investment Bank Bryan Form Strategic Partnership

JMP Group LLC, an investment banking and alternative asset management firm, announced today that JMP Securities has entered into an agreement with Bryan, Garnier & Co, a leading European full-service investment bank, to partner on the origination and execution of cross-border mergers and acquisitions, strategic advisory mandates and public and private capital-raising transactions. Read more »

Intesa Sanpaolo Selects Gemalto to Accelerates Digital Banking Transformation

Gemalto,the world leader in digital security, is continuing its support for the digital transformation of Intesa Sanpaolo, Italy's most popular retail bank, by supplying its Allynis PIN by e-Channel​ solution that enables PIN delivery via SMS, web or their mobile banking app. Read more »

Tesco Bank Attacks Update Statement

Benny Higgins, Chief Executive, Tesco Bank said: “Tesco Bank can confirm that, over the weekend, some of its customers’ current accounts have been subject to online criminal activity, in some cases resulting in money being withdrawn fraudulently.  Read more »

Gemalto signs Italy’s largest retail bank

Gemalto (Euronext NL0000400653 GTO),the world leader in digital security, is continuing its support for the digital transformation of Intesa Sanpaolo, Italy's most popular retail bank, by supplying its Allynis PIN by e-Channel​ solution that enables PIN delivery via SMS, web or their mobile banking app. Read more »

GE Completes Spin off and Demerger of Bank BPH Core Bank to Alior Bank

GE (NYSE:GE) announced that today it has completed the spin-off and merger of Bank BPH’s Core Bank (WSE:BPH) to Alior Bank (WSE:ALR), representing aggregate ending net investment (ENI) of approximately $3.6 billion at the end of the third quarter 2016. GE Capital retains the Bank BPH legal entity, including its mortgage business, representing aggregate ENI of approximately $4.1 billion. Read more »

Online Lender Spotcap Expands into the UK Market

Two years after its launch, online lender Spotcap is expanding into the UK market, providing flexible and accessible funding solutions to small and medium-sized enterprises (SMEs). Spotcap provides SMEs with credit lines and business loans of up to £150,000 through an online application process. While traditional lenders make credit decisions based on historical financials and old-fashioned credit scoring, Spotcap uses a unique, proprietary... more Read more »

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