Banking

Path Solutions Receives Double Award at CEO Insight Global Awards 2016/17

The award winners have been announced! Path Solutions has hit the top spot at the 2016/17 CEO Insight Global Awards, whose results have been unveiled ahead of the prestigious Sustainability Week Conference scheduled from 14-21 January 2017 in Abu Dhabi, winning two highly sought-after awards; The CEO Insight Award for the company’s Group Chairman & CEO Mohammed Kateeb in the ‘Top 10 CEOs in Enterprise Software’ category, and the CEO Insight... more Read more »

Avaloq Enlarges Innovation Ecosystem Through Launch of Developer Portal

The Avaloq group, an internationally leading fintech company, is opening up to developers to further enhance digital banking solutions and user experience. Freelancers, startups, fintechs and banks of all sizes will be able to innovate jointly using a dedicated portal (developer.avaloq.com). The developer community can commercialise its innovative technologies and share results within both the developers’ community and the entire Avaloq... more Read more »

Path Solutions Named Best Islamic Finance Technology Provider 2016

Path Solutions today announced that it has won the ‘Best Islamic Finance Technology Provider 2016’ award, reiterating the company’s continuous contributions in accelerating technology-led breakthroughs in the Islamic financial services marketplace. Path Solutions was conferred the honour by Edbiz Consulting during the exclusive GIFA Awards Ceremony held in Jakarta (Indonesia) on September 29. GIFA 2016 was hosted by Otoritas Jasa Keuangan (OJK... more Read more »

Fidor Bank Partners with ADIB to Launch the MENA's Frst ‘Community Based Digital Bank’

Abu Dhabi Islamic Bank (ADIB), a top-tier financial services institution, has partnered with Fidor Bank to launch the region’s first ‘community based digital bank’. The new platform is designed to fit the lifestyle of millennial consumers also known as Generation Y, as well as those looking for a digital offering that matches their banking needs. Read more »

Bank of Ireland Benefits from Temenos UniversalSuite

 Further to its announcement this morning, Temenos, the software specialist for banking and finance, confirms that Bank of Ireland Group has selected UniversalSuite, its front-to-back solution for retail, commercial and corporate banking, to be implemented as Bank of Ireland’s new core banking and channels platform. Read more »

HDFC Bank Taps Backbase to Enhance its Digital Banking Experiences

 HDFC Bank Ltd., one of India’s premier banks, providing innovative products and smart banking solutions to over 37 million customers across India, has selected Backbase, the omni-channel digital banking market leader, to deliver its new digital omni-channel banking platform, running both its online and mobile banking apps. Backbase will play a key role in delivering HDFC Bank’s next generation of banking architecture. Thus platforms like the... more Read more »

Major European Bank selects Temenos UniversalSuite

Temenos (SIX: TEMN), the software specialist for banking and finance, today announces that a major European bank has selected UniversalSuite, its front-to-back solution for retail, commercial and corporate banking. Read more »

Silicon Valley Bank Expands its Presence in San Francisco

 Silicon Valley Bank (SVB), the bank of the world's most innovative companies and their investors, announced plans to expand its San Francisco presence in 2017 to be in a better position to serve the city's increasing number of innovation companies. The new office will be in the South of Market district, providing more space for the local team to support the vibrant technology and life science companies headquartered here.   Read more »

First National Bank Customers Can Now Manage Debit Cards from Mobile Banking with New Module for Mobiliti from Fiserv

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. Read more »

Equifax Can Help Financial Institutions with Military Lending Act Requirements

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 Read more »

Axion Swiss Bank and Avaloq sign long-term contract for BPO services

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. Read more »

Access to Deals and Information Drives Faster Major Purchase Decisions

Empowered with research, reviews and real-time discount information, shoppers making purchases of $500 or more are more decisive and deal-oriented than ever before, according to Synchrony Financial’s Fifth Annual Major Purchase Consumer Study. Read more »

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. Read more »

ING Reduces its Stake in Kotak Mahindra Bank to 3.9%

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 Read more »

SWIFT Outlines New Ways for Banks to Simplify Payment Routing Data

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. Read more »

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