Banking

Finastra Recognized as a Global Fintech Leader for Second Year Running

Finastra has been named a global power seller in banking platform deals for the second year running. The research, "Don’t Select Banking Software Without Understanding The State Of The Banking Platform Market, by Forrester’s, Jost Hoppermann,” celebrates 104 new name deals for Finastra for last year, and 273 extended business deals. Separately, the firm has topped the IBS Intelligence Sales League Table as the overall global leader two years in... more Read more »

Wolters Kluwer Wins Risk Magazine’s Prestigious Regulatory Reporting Award

Wolters Kluwer’s Finance, Risk & Reporting (FRR) business has won a major award from Risk magazine. For the second year running its OneSumX for Regulatory Reporting solution has been named Regulatory Reporting System of the Year in the publication’s annual Technology Awards which celebrate excellence and innovation. Read more »

NatWest Launches New Digital Account Opening Journey Powered by HooYu

NatWest is the first high street bank to enable customers to open an account in minutes using a selfie and photo ID to verify who they are. Using state of the art AI, real-time biometric checks confirm their selfie matches the image in their photographic ID and ID documents are authenticated preventing fraudulent applications and removing the need to provide ID documents either by post or in branch. Frans Woelders, Chief Digital Officer at... more Read more »

Video Banking Helps Banks Extend Financial Services to New Locations

Video banking technology provides banks with the ability to extend their services to more customers at a lower cost than full-service branches Another banking touchpoint According to RBR’s Teller Automation and Branch Transformation 2019 report, which covers 23 key global markets, a number of financial institutions are turning to video banking technology to extend their services, in particular to serve customers in rural areas. Read more »

Silicon Valley Bank Serves As Lead Arranger For £50 Million Financing For Draper Esprit

Silicon Valley Bank (SVB), the bank of the world’s most innovative businesses and their investors, today announced that it led a £50 million senior secured term loan to  Draper Esprit plc, the AIM-listed venture capital investor, which has supported entrepreneurial, fast-growing companies across Europe for over 20 years. Read more »

Tata Consultancy Services Announced that KGI Bank Deployed TCS BaNCS for its Next Phase of Growth

Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, announced that its customer, KGI Bank in Taiwan, has successfully deployed TCS BaNCS for its corporate and consumer banking operations, creating a strong foundation for its next phase of growth. Read more »

HSBC Announces Digital Accounts Receivable Tool Built on Identitii’s Tokenisation Technology

Identitii Limited (Identitii, Company) (ASX:ID8), an Australian FinTech enabling the secure overlay of transaction level detail on top of financial messages using a private blockchain, advises that its customer, HSBC has announced the launch of its Digital Accounts Receivable Tool (HSBC DART) using Identitii’s innovative tokenisation technology, to its corporate clients in India. Read more »

Intertrust acquires Viteos for USD 330 million

Intertrust N.V. ("Intertrust"), a leading global provider of expert administrative services to corporate, fund, capital markets and private wealth clients, today announces the acquisition of Viteos, a provider of leading-edge technology solutions for U.S. funds, from PPC Enterprises LLC, FiveW Capital LLC (an affiliate of 22C Capital) and Viteos management. Read more »

Raiffeisen Bank International Opens Foreign Nominee Securities Account with NSD

National Settlement Depository (NSD), Russian central securities depository, continues to develop services integrated into the global financial system. Raiffeisen Bank International (Vienna) has become the first foreign custodian bank to establish a direct link with the Russian securities market by opening a foreign nominee securities account directly with the Russian CSD. Due to this, the bank can provide its clients with access to a wide range... more Read more »

The Wealthy Want Personalized Services Enhanced By Technology Highlights New Forbes Insights and Temenos Report

Wealth managers believe that delivering highly personalized services is essential to achieve a competitive differentiation but a third of are unable to personalized service to the degree they wish, reveals the new report ‘The Next-Generation Wealth Managers: Advancing Services and Personalization with Technology’ from Forbes Insights and Temenos, the banking software company. Read more »

Bank of America Merrill Lynch to Sponsor IR Society’s DELIVER Leadership Programme from 2019

The IR Society is delighted to announce that Bank of America Merrill Lynch (BofAML) will be the new sponsor of the senior investor relations development programme, DELIVER (DElivering Leadership in InVEstor Relations). Read more »

KAS BANK Advanced Cost Transparency with End-To-End Cost Transparency Solution for DC Pension Schemes

KAS BANK, the specialist provider of securities services to the UK pension industry, has advanced its cost transparency services with an end-to-end cost transparency solution for DC pension schemes, aiding the delivery of the cost report on the Chair Statement. KAS BANK’s cost transparency solution for DC schemes comes in answer to regulatory pressure on pension fund trustees to create and publish a Chair Statement that reports on costs and... more Read more »

Banking Competition Remedies Ltd Announces the Awards of Capability and Innovation Fund Pool D

The Board of Banking Competition Remedies Ltd (BCR) today announces the results of the Capability and Innovation Fund Pool D grant process. The Capability and Innovation Fund Pool D is designed to facilitate the commercialisation of financial technology that is relevant to SMEs. Five £5m grants are awarded to the following organisations: Read more »

Tinkoff launches Oleg, the world’s first voice assistant for financial and lifestyle tasks

Tinkoff introduces Оleg, the world’s first voice assistant created in Russia for finance and lifestyle-related tasks. His mission is to help users navigate within the Tinkoff ecosystem, make customers’ lives simpler and become a friend who is always nearby. Oleg is the first voice assistant built by a financial institution as a proprietary solution. Who is Oleg Read more »

Minna Technologies Partners with Visa to Enable Subscription Management through European Retail Banks

Minna Technologies - the leading subscription management platform for retail banks - announces a strategic partnership with Visa. The global payments leader will work with Minna to scale its platform to Visa’s European retail banking clients, allowing them to drive more customer value by solving an everyday issue for many today: managing a growing number of subscriptions. Read more »

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