Banking

Mexico central bank expected to hold rates, hint at Sept hike

Mexico's central bank is expected to hold borrowing costs steady on Thursday but signal that it is ready to follow the U.S. Federal Reserve with an interest rate hike to prop up a slumping peso. All 24 analysts polled by Reuters expect Banco de Mexico to hold its key rate at 3.0 percent on July 30, thanks to tame inflation and despite a dramatic tumble in the peso to a new record low this month. But fears of further peso volatility and investor... more Read more »

BPC Banking Technologies brings SmartVista HCE solution to global market

BPC Banking Technologies, the leading provider of Open System payment solutions, announces the launch of SmartVista Host Card Emulation (HCE) solution ready to be implemented as an integrated or stand-alone module or as a service. SmartVista HCE solution is compliant to all functional and security standards set by international payment systems. BPC Banking Technologies’ HCE solution includes: server part (HCE cloud), crypto-module and specific... more Read more »

Latest technology brings greater flexibility and strengthens SEB growth initiatives

Path Solutions announces today that Sudanese Egyptian Bank (SEB) has successfully completed the implementation of iMAL Islamic core banking system across its operations in 7 retail branches. The iMAL solution, which was chosen to replace SEB’s legacy outsourced system, will now accelerate the growth of its retail banking business and further enhance its customer experience. Read more »

Technology Enables New Opportunities for Branch Banking, According to New IDC Study

 IDC Financial Insights today released a new study, Branch Transformation in a Digital World, which discusses the current challenges faced by banks in managing their branch networks and outlines the best ways to transform them. Read more »

BCSG teams up with Deutsche Bank to Bring Online Tools to Small Businesses in Italy

Deutsche Bank teams up with BCSG to launch db Impresa eXtra, the first ever web aggregator in the Italian Market to offer non-banking services to SMEs and Midcorporates, addressing clients and prospects. Read more »

Atom Selects Intelligent Environments Interact® product to deliver its digital platform

ntelligent Environments, the leading provider of digital financial services software, and Atom – the UK’s first digital-only bank – are partnering to deliver to the market a unique mobile banking solution. Atom will be deploying Interact®, Intelligent Environments’ market leading secure software platform to underpin their customers’ digital experience.  This digital only solution is entirely unique within the UK banking market. Atom Bank will... more Read more »

Customers more engaged with their finances as Digital Revolution takes hold

The rapid growth of digital banking has driven increased customer engagement, the latest figures from the Halifax Digital Dashboard show. In June, the number of customer interactions with Halifax stood at 69 million visits, which equates to 2.3 million interactions per day and nearly 1,600 every minute. This is an increase of nearly half (47%) from the 47 million in the same month in the previous year. Read more »

Fiserv Joins BIAN to Continue to Develop the Standardised IT Framework for the Banking Industry

The Banking Industry Architecture Network e.V (BIAN) welcomes three new members to its fast growing global network today, creating an international network of 60 of the leading banks, service providers, software vendors and academic partners. The international software and BPO provider Avaloq, Lebanese banking core applications developer BML Istisharat and financial services technology provider Fiserv, will now work with the current members to... more Read more »

Palestine Monetary Authority goes live on SmartVista

BPC Banking Technologies, the leading provider of Open System payment solutions, together with Palestine Monetary Authority (PMA) announces the launch of the National Switch of Palestine. The National Switch, based on SmartVista, is considered a cornerstone for the Electronic Retail Payments in Palestine. Read more »

BIAN announces 3 new members including Avaloq and Fiserv

The Banking Industry Architecture Network e.V (BIAN) welcomes three new members to its fast growing global network today, creating an international network of 60 of the leading banks, service providers, software vendors and academic partners. Read more »

SunTec and Loylogic turn customer data into loyalty points for banks

SunTec, the leading provider of revenue management and business assurance solutions to Financial Services firms, today announced its partnership with Loylogic, the world’s leading innovator and creator of points experiences, insights, commerce and engagement. Read more »

Vietnam Bank for Agriculture and Rural Development joins SWIFT’s KYC Registry

SWIFT announces today that Vietnam Bank for Agriculture and Rural Development has joined the Know Your Customer (KYC) Registry, a centralised repository that maintains a standardised set of information about correspondent banks required for KYC compliance. Read more »

Lloyds Bank To Launch Online Life Insurance

Lloyds Bank has today launched My Life Insurance; its first online protection service which offers customers life cover up to the value of £500,000. Customers can meet their protection needs by going through just six simple steps, with the innovation removing the time consuming barriers that can discourage customers from accessing quality products they so vitally need. A simple, online service Read more »

British Banks Failing To Reward Loyalty, Held Back By Customer Expectations Gap

The FIS Consumer Banking PACE Index™ tracks how financial institutions are performing against customer expectations in nine different countries: the United States, United Kingdom, Brazil, Canada, France, Germany, India, Netherlands and Thailand, using data compiled from more than 9,000 banking consumers. Commissioned by FIS, the study was conducted by TNS, one of the world’s largest independent research agencies. Global results Read more »

KBW and Nasdaq Launch Global Bank Index

Keefe Bruyette & Woods (KBW), a Stifel company (NYSE:SF), and Nasdaq (NASDAQ:NDAQ) today announced the launch of the KBW Nasdaq Global Bank Index (Ticker: GBKX), the first and only index designed to track the performance of those banks designated as global systemically important (G-SIBs) by the Financial Stability Board and Basel Committee on Banking Supervision. The 28 banks included in the KBW Nasdaq Global Bank Index represent 45% of the... more Read more »

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