Banking

OCC Provides Guidance for Banks as US Prepares for T+2

The OCC expects that as of the T+2 compliance date, in accordance with industry standards and applicable securities and self-regulatory organizations’ rules for securities clearance and settlement, banks will not effect or enter into a contract for the purchase or sale of an affected security that provides for payment of funds or delivery of securities later than the second business day after the date of the contract, unless otherwise expressly... more Read more »

ICC Banking Commission to Launch Digital Trade Finance

In line with its 2020 Strategy, the ICC Banking Commission has launched a “Digitalisation of Trade Finance Working Group”.  The aim of the Group is to identify strategies to overcome the constraints of digitalising trade finance - such as a reliance on paper-based practices, a lack of recognition of the legal status of electronic documents, uncertainty over standards, and a general lack of clear legal and regulatory frameworks. Read more »

Romania's BCR Improves Cash Management with Assistance of NCR and Printec

Banca Comercială Română (BCR), the largest financial group in Romania and a member of Erste Group has significantly improved availability and operation costs across its network of more than 2,600 ATMs and its cash processing centers with the help of NCR Corporation (NYSE: NCR) and its channel partner Printec.  At the ATMIA’s ATM & Cash Innovation Europe 2017 event in London from June 13 to 14, BCR will share insights on how NCR’s APTRA Cash... more Read more »

Synechron Partners with Misys to Demonstrate Corporate Banking and Capital Markets Expertise

Synechron, a global financial services consulting and technology service provider, today announced that it will join the Misys InFusion Partner Program. Synechron will develop two Centres of Excellence focused on Capital Markets and Corporate Banking to support clients across the United States, Europe, Middle-East and India.  Read more »

Challenger Platform helps OTP banka Hrvatska Issue 13% More Cards and Onboard 16% More Mobile Banking Users in Just Four Months

What can banks do to dramatically increase new credit cards issued or the number of mobile banking users? Banks worldwide seem to be struggling with this challenge. Even though online banking penetration is growing, only 7 to 11% of customers use specific bank’s products. An average bank has about 30-50 particular products, but only 2 to 3 of them are used by clients – meaning that up to 90 percent of bank products can remain unused. Read more »

BDO Unibank Renews and Expands Fiserv Relationship to Increase Business Flexibility and Speed to Market

Fiserv announced that BDO Unibank, the largest bank in the Philippines, has extended and expanded its relationship with Fiserv. BDO Unibank operates in an increasingly competitive market and needs a flexible technology platform that allows new capabilities to be delivered quickly. Based on a positive relationship of more than 18 years with Fiserv, the bank will upgrade to the latest version of the Signature core account processing platform and... more Read more »

Mobey Forum Unveils New Workgroups on Open Banking Virtual Currencies and M-commerce

Mobey Forum, the global industry association empowering banks and other financial institutions to lead in the future of digital financial services, today unveils three new workgroups, each focused on a critical aspect of the global digital financial services market. Read more »

E-Voting Technology Developed by NSD Successfully Used at Sberbank’s AGM

Sberbank has become the first pubic joint stock company to propose its shareholders to use the e-voting technology developed by National Settlement Depository (NSD), Russia’s central securities depository. 99 shareholders of Sberbank used the option to receive the materials of the shareholders meeting remotely and to vote online at the AGM held on 26 May. In total, 806 shareholders representing 33.3% votes of the total number of voting shares... more Read more »

ICS Banks Treasury System from ICSFS Recognized as Sustainable Treasury Management Solutions Leader

ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that its ICS BANKS Treasury System has been recognized as Sustainable Treasury Management Solutions Leader -MENA by CEO Insight.   Read more »

Path Solutions' Group Chairman & CEO, Mohammed Kateeb, was named ‘Best Islamic Finance Technology CEO of the Year EMENA 2017’

 Path Solutions, an international core banking system provider for the Islamic financial services industry, today announced that its Group Chairman & CEO, Mohammed Kateeb, was named ‘Best Islamic Finance Technology CEO of the Year EMENA 2017’ by Global Banking & Finance Review. Read more »

Money Mover Bridge21 Extends US Banking Support

Denver-based cross-border payments company bridge21 just announced wider US banking support.  In total, bridge21 now supports 56 banks and credit unions, more than three times as many as before. The move opens the door for more customers to experience record-breaking exchange rates. Last week alone, the Bridge Rate was consistently 10% or more below mid-market rates. bridge21’s CEO, Will Madden, shared: “Last week we consistently offered 14%... more Read more »

AYA Bank goes live with Misys for next transformation project

AYA Bank (Ayeyarwady Bank) has selected the Misys FusionBanking suite to support a transformative project which will overhaul its core banking system, digitalise operations and improve overall efficiency throughout the organisation. Read more »

Path Solutions Achieves GoodAccredited Standard for Seventh Year in a Row

Kuwait-based Path Solutions, an international core banking system provider for Islamic banks and financial institutions, has announced it has received the GoodAccredited Standard for the seventh consecutive year. Read more »

Swedish Central Bank Goes Live on Intellect Quantum for Improved Collateral Management

Intellect Design Arena Ltd, a digital technology product provider across Banking and Insurance, announced the successful rollout of Intellect’s Quantum Collateral Management Solution at Sveriges Riksbank, the oldest Central Bank in the World.  With this automation of complex market operations and intraday liquidity provision, Riksbank will benefit immensely from real time control, multiple collateral pools and better cover over the exposure... more Read more »

The First Microfinance Bank, Afghanistan Selects Accuity for Regulatory Compliance Screening

The First MicroFinance Bank, Afghanistan (FMFB-A) a leading bank & microfinance services provider has selected Accuity, the leading provider of financial crime compliance, payments and know-your-customer (KYC) solutions for regulatory compliance screening of its customer accounts and cross-border transactions. FMFB-A has adopted the Accuity Firco Compliance Link data enabled screening solution to help meet the high standards of regulatory... more Read more »

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