Banking

Money 2020 USA: Further To Its Successful Beta Test - Fidor Partners With Eight Inc. - To Design Fidor FinanceBay, Its Digital Marketplace, For Global Launch

Tying in with Money 2020 USA this week, Fidor, the innovative provider of digital banking solutions, today signed a partnership agreement with Eight Inc., the strategic design and innovation firm renowned for bringing transformative innovation to leading brands. The partnership will see Eight Inc. and Fidor jointly designing the customer experience for Fidor’s digital, community-based marketplace for financial services. Read more »

Zero Mobile Banking Startup Raises $8.5m

Zero, a new mobile banking experience that combines the best features of debit and credit cards and offers up to 3% cash back, announced today that it has raised $8.5 million in funding, led by ENIAC Ventures.  Other investors include New Enterprise Associates, Nyca Partners, Lightbank, and Middleland Capital. Read more »

D3 Banking Technology Teams Up with Zelle

D3 Banking Technology, provider of the industry’s most advanced digital banking platform, today announced its partnership with Zelle, a new person-to-person (P2P) payments network from bank-owned Early Warning.  As part of the partnership, D3 has enabled its platform with a direct, API-based connection to Zelle.  Read more »

ATB Financial Unveils Virtual Banking Assistant on Facebook Messenger

Today ATB Financial officially launches a virtual banking assistant to the company’s nearly 700,000 personal banking customers, working with FinTech Finn.ai to make access to secure, day-to-day personal banking as easy as initiating a conversation in Facebook Messenger. Read more »

Bank Leumi Collaborates with Temenos and VMware to Create an Advanced Digital Banking Solution for Financial Services Organizations Globally

Today at Money 20/20, Temenos (SIX: TEMN) and VMware, Inc. (NYSE: VMW) announced a collaboration with Bank Leumi (TASE: LUMI), Israel’s leading bank, to create an advanced digital banking platform for banks. The new solution available today to banks worldwide is based on the platform originally developed for Pepper, Bank Leumi’s fully-mobile bank. Read more »

Banco BNI Europa Partners with Portuguese Fintech Firm to Offer Checkout Credit

Banco BNI Europa and Parcela Já, Portuguese Fintech, have entered into a partnership to launch an innovative solution for the Portuguese market, which aims to enable any retailer to offer its customers the instalment of any purchase without costs to the consumer.  This product is open to all consumers with a credit card. To benefit from this service, the final customer will only have to make the purchase with his usual credit card, deciding at... more Read more »

Pilatus Bank is Set to Offer Private Banking to the Mass Affluent

Private Banking for most people represents a privileged world. Unless you meet the minimum bank account threshold or can afford the high banking fees you better jog on to one of high street banks. Chairman Ali Sadr of Pilatus Bank explains why, and with what means, they are looking to extend their world-class banking services to the mass affluent. Read more »

SWIFT enhances connectivity to VPS, the Norwegian Central Securities Depository

SWIFT will reinforce its connectivity to Verdipapirsentralen ASA (VPS), Norway’s central securities depository (CSD), which could make a shift in transaction volume to SwiftNet from other networks. Banks connected to VPS currently use different networks to connect to VPS, SwiftNet being one of them. The banks have the freedom to choose among the network connectivity offered by VPS. By signing the Swift CSD Community Agreement, VPS’s members... more Read more »

SAXO PAYMENTS BANKING CIRCLE MARKETPLACES HELPS FINANCIAL TECH BUSINESSES ADDRESS PSD2 REGULATION FOR ONLINE MARKETPLACES

Changes brought about under the latest Payment Services Directive, PSD2, mean that Marketplaces will no longer be exempt. For Marketplaces to remain exempt under PSD2, they should act only on behalf of the payer or the payee or not at any time enter into possession or control of client funds.  Addressing this challenge, Saxo Payments has launched Banking Circle Marketplaces which enables Financial Tech businesses to help their Marketplace... more Read more »

Sberbank and Swift Sign MoU

During Sibos 2017, Sberbank and Swift signed a memorandum of cooperation regarding the development and piloting of high-tech products created and promoted by Swift. Read more »

EBANX Payments Brings Latin America Expertise to Money20/20

One of the most important events in the world of payments and financial services, Money20/20 will start on October 22nd in Las Vegas. Latin American local payments processor EBANX Payments––that processes payments for global companies such as AliExpress, Wish, Udacity and other major global brands––will have nine Latin Americaexperts in attendance at Booth 1657. Companies eager to start or increase their sales in Brazil, Mexico, Argentina, Chile... more Read more »

BFC Bank completes mobilisation process

BFC Bank, a specialised bank focused on international payments and cash management services, completed its mobilisation process on 11 October 2017 and is to increase its corporate banking services. A wholly owned subsidiary of BFC Group Holdings (BFC Group), BFC Bank received authorisation by the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) (FRN 716167) in September 2016. It has successfully fulfilled all the... more Read more »

HSBC to Accelerate Global Supply Chain Finance with Matched Electronic Purchase Orders

HSBC, the world’s leading trade bank, has introduced a Matched electronic Purchase Order (Me-PO) financing solution to dramatically improve the release of working capital. The Me-PO solution, developed by Bolero, will reduce the cost of invoice and purchase order processing between HSBC business customers and their suppliers, who will benefit from being able to make earlier requests for finance. Both parties will appreciate having a new level of... more Read more »

SWIFT Launches New Cloud-based Solution to Enhance Correspondent Banking Activities

SWIFT has launched a Correspondent Banking Suite that provides a single solution for banks seeking cost-effective access to SWIFT while increasing the efficiency and security of their correspondent banking activities.   Small to medium sized banks face a combined pressure of minimising operational costs while keeping their SWIFT infrastructure up-to-date in terms of technology and security. Additionally, evolving regulatory requirements and... more Read more »

Kofax Wins "Most Innovative Solution for Banking Customer Authentication" Award for Third Consecutive Year

Kofax®, a leading provider of software to simplify and transform the First Mile(TM) of business, today announced that Kofax Mobile ID(TM) has won "Most Innovative Solution for Banking Customer Authentication" in the  Read more »

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