Banking

Diebold Nixdorf Names Zeeshan Naqvi As Vice President, Treasurer

Diebold Nixdorf (NYSE: DBD), a world leader in driving connected commerce for the banking and retail industries, today announced that Zeeshan Naqvi has joined the company as vice president, treasurer. Naqvi will report directly to Jeffrey Rutherford, senior vice president, chief financial officer, and will be responsible for leading and overseeing the company's global treasury, risk management and customer financing functions.  Read more »

John Pountain joins Xinja as CTO

Xinja Bank, an independent Australian neobank built from the ground up for mobile, has appointed ‘Bank of the future’ alumnus – John Pountain – as Chief Technology Officer. Mr Pountain, who worked at New York-based neobank, Moven, and before that was at BT Financial and Macquarie Group, is helping build Xinja Bank, with technology that will change banking for Australians who never want to walk into a bank branch or join a bank queue.  Read more »

BBVA has today unveiled the first set of finalists in the eleventh edition of BBVA Open Talent – the world’s biggest fintech competition.

More than 800 start-ups from across the globe have entered this latest edition of BBVA Open Talent, with 90 countries represented. From that list 56 have now been provisionally shortlisted as finalists, all of which come from BBVA’s core operating countries. Read more »

Sberbank makes letter-of-credit business of legal entities available online

Sberbank has implemented a feature on remote banking services on letters of credit in Sberbank Business Online’s system. The service has no analogues on the Russian market. It is already used by more than 600 legal entities. Clients can create applications on letters of credit online and independently send them to the bank to be processed. The whole document flow become electronic: clients can send letters on current deals, make changes, submit... more Read more »

LGPS Central partners with KAS BANK on Cost Transparency Collection & Reporting solution

KAS BANK, the specialist securities services to UK institutional pension schemes, have partnered with asset manager, LGPS Central Limited, for cost transparency collection and reporting services. LGPS Central Limited, one of eight pooling vehicles across England and Wales, is currently responsible for the management and stewardship of approximately £20bn of assets for nine midlands-based Local Government Pension Scheme funds. The nine funds have... more Read more »

Path Solutions upgrades Jaiz Bank’s core banking platform for enhanced performance

Path Solutions, the global Islamic banking software company, today announced that Jaiz Bank Plc., Nigeria’s premier non-interest (Islamic) bank has successfully upgraded its Islamic core banking platform iMAL R14.1 version. The upgrade is to enable innovation that will meet evolving customers’ needs as it expands into new markets. Read more »

Trov Launches White-Label Insurtech Platform and Partners with Lloyds Banking Group

Trov (www.trov.com), a global leader in insurance technology, is launching a portfolio of end-to-end digital, white-labelled insurance products designed to be rapidly deployed by financial organisations and insurers. Lloyds Banking Group, the UK's largest retail financial services provider, with around 26 million customers and a centuries-old history, will partner with Trov. Later in 2019, Trov and Lloyds Banking Group will release an innovative... more Read more »

Saxo Bank completes acquisition of BinckBank

Today, Saxo Bank and BinckBank announce that Saxo Bank has completed the acquisition of BinckBank. The acquisition of BinckBank marks an important milestone for the Saxo Bank Group that now services approximately 860,000 clients and holds approximately EUR 46 bn in client assets. By gaining scale and reducing cost and complexity, the Group can continue its ambitious investments in the digital client experience and expand its product offering,... more Read more »

DriveWealth Fuels Revolut’s Major New Commission-Free Stock Trading Service with Technology and Brokerage Execution Services

 DriveWealth, LLC, a U.S. based leader in global digital trading technology, today announced that its technology and brokerage execution services are fueling the major new commission-free stock trading service just introduced by fast-growing fintech Revolut.  The DriveWealth platform is the engine for the new offering launched Aug. 1, giving Revolut’s more than 6 million customers throughout Europe the ability to invest in the U.S. equity market. Read more »

WSO2 Open Banking Release Helps Banks Speed PSD2 RTS Compliance

Banks and financial institutions across the European Union (EU) and United Kingdom (UK) are sprinting to meet the EU’s Second Payment Services Directive (PSD2) Regulatory Technical Standards (RTS) deadline on September 14, 2019. With the newest release of WSO2 Open Banking, WSO2 adds significant new security features aimed at facilitating PSD2 RTS compliance: Read more »

Mambu positioned as a Challenger by Gartner in the 2019 Magic Quadrant for Global Retail Core Banking

Mambu, the leading SaaS banking engine, today announced it has been positioned by Garter, Inc in the Challengers quadrant of the 2019 Magic Quadrant for Global Retail Core Banking.  The report states: “Core banking market demand keeps surging, underpinned by digital banking transformation, with an increased focus on commercial off-the-shelf packages, public cloud and open banking initiatives. Bank CIOs should evaluate core banking products in... more Read more »

IIG Bank goes live with Temenos in record time and offers enhanced cash management

Temenos (SIX: TEMN), the banking software company, today announced that specialist trade finance bank, IIG Bank (Malta) Ltd. has successfully gone live with Temenos Infinity, the ground breaking digital front office product, and Temenos T24 Transact, the next generation in core banking. The bank also selected the Financial Crime Mitigation module, which is integrated within Temenos T24 Transact. The successful implementation of Temenos banking... more Read more »

Oromia International Bank in Ethiopia Goes Live with ICSFS’ IFB and Conventional CBS

Addis Ababa, Ethiopia: ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, and Oromia International Bank S.C (OIB), one of the most profitable banks in Ethiopia 1 , announce the successful implementation and go-live of ICS BANKS Universal Banking and ICS BANKS Interest Free Banking (IFB)software suites, to provide OIB customers with conventional and interest free banking services... more Read more »

FinecoBank adds Canadian Stock Exchange to portfolio of stock options on offer

FinecoBank has today announced the addition of the Canadian Stock Exchange to its extensive portfolio of stock options.  This means traders and investors can now access to an additional 250 shares and over 600 ETFs available on the Toronto Stock Exchange (TSX) via Fineco’s online trading platform.  The move bolsters Fineco’s existing offer of 26 international stock markets, giving it one of the most comprehensive range of stocks, ETFs and bonds... more Read more »

Mizrahi-Tefahot, Israel’s third largest bank, chooses Temenos for its core banking transformation in the capital markets

Mizrahi-Tefahot has chosen Temenos T24 Transact from Temenos (SIX: TEMN), the banking software company, to replace its capital market systems. Temenos is the leader in banking software with more than 3,000 banks in over 150 countries relying on Temenos for their technology needs.  Temenos T24 Transact will replace the core system currently used by the bank for its activity in Israeli and foreign securities and will interface with trading systems... more Read more »

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