Banking

GFT to Launch Digital Banking Roadmap

Digital banking goes much further than just using online technologies. It lets people decide how a bank can solve their financial challenges. It means banks can start advising customers on their needs in a consistent way and on the customersʼ terms. Read more »

5th Annual Middle East Banking Innovation Summit Concludes Successfully

The two-day Middle East Banking Innovation Summit featuring 20+ presentations, over 30 speakers and more than 450 attendees came to a successful closure on Tuesday. The 5th edition of this summit reiterated its position as the leading platform in the Middle East region for the bankers to engage in idea sharing on trends and technological innovations driving the industry. The summit commenced with premium sponsors Visa, Schneider Electric and IBM... more Read more »

British customers want high street banks

Three quarters of Britons believe branches will still exist in 2025, with shorter queues (43%), access to more experts (29%) and a more personalised service (27%) top of the list of desirable features for the bank branch of the future.   Despite the adoption of online and mobile banking services and as banks continue to close branches around the UK, 57% of the 2030 respondents surveyed by cash management experts Glory Global Solutions said they... more Read more »

Global Islamic finance industry to undergo first comprehensive assessment of its 40-year history this December

The World Islamic Banking Conference (WIBC), considered by many as the Islamic financial services industry’s compass for over two decades, continues to live up to its reputation after officially announcing today that its 22nd annual edition will provide industry leaders with a unique opportunity to critically assess Islamic finance’s 40-year history. Read more »

73% of UK SMEs have no contact with their bank relationship manager

A new study commissioned by BCSG has revealed that the relationship between retail banks and their small and medium sized business (SMEs) customers is weakening. The research demonstrates that the shift to digital services has increased the risk of switching financial service provider and that banks must move towards a model that drives engagement through business critical insight and services to defend against SME churn. Read more »

Nordea has selected Accenture and Temenos to help the bank replace its core banking systems

Accenture will assist with implemention of the new platform, which will be based on Temenos’ core banking software. The Stockholm-based bank took a EUR344 million impairment charge on its current IT systems in Q3 as it outlined plans to embark on a major project to rip and replace its core banking and payments systems. Read more »

NCR and Q-nomy Software Solutions Bridge Cumberland’s Digital and Physical Banking Channels

NCR Corporation (NYSE: NCR), the global leader in consumer transaction technologies, announced today that Cumberland Building Society has chosen NCR and technology partner Q-nomy to deliver a multi-channel appointment booking service to its members in bank branches across the U.K. and online. Read more »

Gulf Bank Wins IFM 2015 Awards

London-based International Finance Magazine has conferred the 2015 awards for 'Best Retail Bank' and 'Best Retail Customer Service Bank' in Kuwait to Gulf Bank. The awards will be presented in London later this year in November. Read more »

Two in five Americans (39 percent) use a mobile device to manage their bank account at least once per month

Two in five Americans (39 percent) use a mobile device to manage their bank account at least once per month and nearly half of mobile device owners (45 percent) do so, according to a recent survey by the American Bankers Association. Read more »

Resurs Bank Selects Provenir for Faster Credit Decisions

Provenir Ltd., the risk decisioning solutions provider, today announces that Resurs Bank, a market leader for retail finance to private customers in the Nordic countries, has chosen Provenir to globally support its customer risk and decisioning processes. Based in Sweden and expanding in the Nordic region, Resurs Bank is a recognised industry leader delivering customer centric services for sales finance, e-commerce finance, credit cards and... more Read more »

Khan Bank selects Diasoft to automate its Custody operations

Diasoft, a leading provider of cutting edge financial software solutions, announced today that Khan Bank, one of the largest commercial banks in Mongolia, has selected Diasoft Custody solution to automate its new line of business. Read more »

Bank Muscat Meethaq upgrades Islamic core banking system

Meethaq, the pioneer of Islamic banking in Oman from Bank Muscat, as part of continuous endeavour to provide world class services through the latest technology and innovation, has upgraded its core banking system, resulting in a host of cutting edge and first-of-its-kind Islamic banking services covering ATM/CDM, debit card and mobile banking for Meethaq customers. Meethaq now functions with the new iMAL Islamic core banking system. Read more »

Commercial lending and supply chain finance growth under biggest threat from non-bank players, finds Misys survey

 Banks believe that new digitally enabled supplier finance networks and alternative lenders now pose a significant threat to every part of the commercial lending business, according to a new survey conducted by Misys, the leading financial software company. Key findings from the survey include: ·         68% cited small business lending as being under high threat ·         61% see competitive pressure in supply chain finance product lines, such... more Read more »

UK credit checking startup Ormsby Street launches in Italy

Fintech startup Ormsby Street has launched its innovative credit-checking tool CreditHQ in Italy, as part of a new partnership with one of Italy’s biggest and most-used banks. Read more »

UK fintech firm Alpha Insight rolls out into global banking sector

 Alpha Insight, a UK fintech company with a three-year track-record of exceptional delivery, is looking to shake up the global financial sector through its real-time process monitoring and measurement solutions. Combining deep financial experience and technical monitoring skills, Alpha Insight successfully makes sense of millions of metrics, creating unrivalled end-to-end insight into financial organisations’ business flows without the... more Read more »

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