Banking

KBC Will Introduce Online Direct Debit Mandates

From June 6, the business customers of KBC will be able to handle their European B2B direct debit mandates fully electronically. From then on, they will be able to settle these mandates in just a few clicks. To achieve this, KBC works together with Twikey, the Belgian market leader in the field of electronic direct debit mandates. Creditors use B2B direct debits because they offer more security and guarantees than the European direct debit CORE.  Read more »

Eeach Year UK Banking Customers Receive Nearly 40,000 Tons Of Paper From Banks

UK banking customers receive almost 40,000 (39,899) tons of paper communications from their banks every year, new research has found. Digital financial services software provider Intelligent Environments has found that customers are sent more than 1.2 billion (1,276,776,000) paper communications from their bank each year, including letters and statements. If all letters were stacked up, the pile would reach the equivalent of 6,200 times the... more Read more »

Sberbank Unseats VTB Capital Atop Institutional Investor's All-Russia Research Team

Last year VTB Capital knocked Sberbank CIB out of the top spot on the All-Russia Research Team, Institutional Investor's exclusive annual ranking of the nation's best sell-side analysts. This year Sberbank returns the favor. Read more »

Schroders Signs Up Contrat With Calastone Net Payments Hub

Calastone, the global funds transaction network, today announced that Schroders, the global asset management company, is now a participant of the Calastone Net Payments Hub, the STP settlement service offering matched netting and the Barclays payments service. Read more »

Vermilion Selected To Streamline Reporting At Jyske Bank

 Vermilion Software (‘Vermilion’), the leading global supplier of client reporting and communications software, announces that it has signed terms with leading Danish private bank, Jyske Bank A/S (‘Jyske Bank’). Read more »

SWIFT Opens Office In Miami As Part Of Its Growth Strategy For Latin America

SWIFT announces the opening of its new Latin American regional headquarters office in Miami, Florida to support the growth of the company’s operations in the region. In the last few years, Miami has become a financial hub with the largest concentration of domestic and international banks on the East Coast south of New York, much of which are regional headquarters for their Latin American operations. Read more »

Bancolombia hands over the operation of self-service systems to Wincor Nixdorf

Wincor Nixdorf has received a three-year contract from Bancolombia for the operation of its 1,160 self-service systems. The bank also ordered 800 ProCash 280 automated teller machines. Read more »

Digital payments are picking up in Singapore

According to a new Timetric report, digital payments are gaining prominence in Singapore supported by the rising online and smartphone penetration, consumer preference for convenient payments and the presence of an increasing number of online retailers. With the introduction of payment methods such as PayDollar, Fastacash, PayPal, MOLPoints and MasterPass, the digital payments are expected to increase further and supplement the traditional... more Read more »

Gulf Capital Receives Dual Recognition for “Best Credit Fund” and “Best Private Equity Firm” in the Middle East at the Banker Middle East Industry Awards

Gulf Capital, one of the largest and most active alternative investment firms in the Middle East, received dual recognition at the Banker Middle East Awards yesterday when its flagship GC Credit Opportunities Fund I was voted as the “Best SME Credit Fund” in MENA and when the firm received the “Best Private Equity Firm” accolade for the 5th year in a row. Read more »

Finesse and Fintellix to showcase Fintellix's Multi-country Banking Regulatory Compliance Product at ABTEC 2015, Abu Dhabi.

ABTEC is the largest and most prestigious event that convenes the entire financial technology community from across the Middle East and North Africa (MENA) region. Featuring industry-leading conferences, a tightly focused trade exhibition and much more, ABTEC is a definitive platform where top decision-makers share insights with technology providers and collaborate to rethink financial services. Year after year, ABTEC attracts the financial... more Read more »

Visa bids to streamline integration between mobile tech companies and banks

Visa Inc. (NYSE:V) today announced a new program that connects financial institutions and technology companies to simplify and accelerate the roll-out of new payment and commerce services. Visa's new Digital Enablement Program (VDEP) builds on the company's secure token technology and adds a turn-key, toll-free commercial framework accessible to more than 14,500 Visa financial institution clients and leading technology partners around the world... more Read more »

Mobile Fintech Investment Increasing

Fintech may be all the rage, but it is in the mobile arena where the biggest bets are being placed, with over $1.1 billion raised globally across 58 financings in Q1 alone, according to data from CB Insights. The uplift is part of a larger trend, which has seen mobile fintech funding top $300M in four of the last five quarters. Overall Q1’15 funding, which reached $372M, was up 238% versus the same quarter a year prior. Read more »

IBM To Launch New Predictive Analytics Suite

IBM today announced 20 new industry-specific solutions with pre-built predictive analytics capabilities that will make it easier and faster for organizations across industries like retail, banking, telecommunications, insurance and others, to uncover and act on critical business insights. Read more »

SWIFT Announces That The KYC Registry Is Open

SWIFT announces that The KYC Registry is now available to fund distributors and custodians. In response to an identified need within its Community, SWIFT is extending the reach of The KYC Registry beyond correspondent banking to support Know Your Customer (KYC) compliance requirements for funds distribution and custody services.                                                                                                 Read more »

ING Netherlands unveils mobile banking app for SmartWatch

ING Netherlands introduces a Mobile Banking app for the smartwatch (only in Dutch) today. It’s ING’s third innovation of the Mobile Banking app in less than a year: in September 2014 hands-free banking with voice recognition was launched and fingerprint authentication was introduced in March this year. ‘Wearables’ like the smartwatch are the latest trend and make it possible to check your account balance even faster by just looking on your... more Read more »

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