Commerzbank Streamlines Capital Markets Business
- 2 years 11 months ago
- Banking
Commerzbank will be cooperating with the Franco-German financial services group ODDO BHF in the area of equities. As part of its Strategy 2024, Commerzbank has announced that it will be reviewing the possibility of cooperation with potential partners for the areas of equity trading and equity research. The aim is to become more efficient and to offer Corporate Clients an even better platform for placement of their shares. “This cooperation means... more
Banking Circle Joins P27 Initiative as a Front-runner Bank to Support Consolidation of Currently Fragmented Nordics Payments Ecosystem
- 2 years 11 months ago
- Banking
Global financial infrastructure provider, Banking Circle, has joined the P27 Nordic payment initiative as a front-runner bank in creating bulk-clearing for the Danish Krone, underlining its commitment to building a global payments infrastructure. P27 has been acknowledged as a vital initiative to address the disparate clearing systems currently operating across the Nordic region. Banking Circle sees its membership of P27 as a crucial piece in... more
Spectrum Markets Launches SERIXTM Investor Sentiment Indicator
Spectrum Markets, the pan-European trading venue for securitised derivatives, announced that 54.4 million securitised derivatives were traded on its exchange in April, with 36% of trades happening outside of traditional hours (i.e. between 17:30 and 9:00 CET). 82.9% of all securitised derivatives traded was on indices, 11.8% on currency pairs and 5.3% on commodities. The top three traded underlying markets were DAX (23.1%), OMX 30 (23%) and S... more
illimity Q1 +180% and €12.6m Net Profit
- 2 years 11 months ago
- Banking
Chaired by Rosalba Casiraghi, the Board of Directors of illimity Bank S.p.A. (“illimity” or the “Bank”) yesterday approved the illimity Group’s results at 31 March 2021.
Digital Banking Provider Ohpen Announces Global Partnership with Aspire Systems
- 2 years 11 months ago
- Banking, Core Banking, Cloud
Today, Ohpen, the digital banking company, announces it has partnered with global technology services firm, Aspire Systems, to allow its clients to benefit from Aspire’s implementation services. This move gives Ohpen the freedom to innovate with clients, whilst continuing to provide high-quality implementation services. This partnership begins with a focus on the UK market, followed by a gradual global expansion.
South Africa’s Largest Fund Administrator Goes Live with Temenos
- 2 years 11 months ago
- Investment, Banking, Core Banking
Temenos (SIX: TEMN), the banking software company, today announced that Curo Fund Services, South Africa’s largest third-party administrator, has gone live with Temenos Multifonds Global Accounting platform, completing the first phase migration of funds from its five legacy systems to a single instance of Temenos’ award-winning funds administration platform.
Amidst Pandemic, PayNearby Aadhaar ATMs See a Surge in Withdrawals and Crosses Rs. 40,000 Cr in FY 20-21
- 2 years 11 months ago
- Payments, Banking, Financial, Non-Financials
PayNearby, India’s leading branchless banking and digital payments network today announced that it has recorded Gross Transaction Value (GTV) worth Rs. 54,000 Crores in FY 20-21, with an exit month GTV 32% higher than the average monthly GTV booked in FY 19-20. The company generated ~Rs. 290 Crores of revenue for its retail partners and about ~Rs. 40 Crores of fee for its banking partners in the same financial year.
Tonik Raises US$17M in Pre-Series B Funding
- 2 years 11 months ago
- Payments, Banking, Online Banking
Tonik, the first neobank in the Philippines, announced today that it raised US$17M in Pre-Series B funding. The round comes on the heels of Tonik’s highly successful public launch in March 2021, which saw it secure over 1 billion pesos (US$20M) in retail deposits in under 1 month - a historical record for any new bank launching in the Philippines.
Commerzbank Research Economic Outlook: Finally More Growth in Germany and the Eurozone
- 2 years 11 months ago
- Banking
Economists at Commerzbank have raised their 2021 growth forecast for Germany from 3.5% to 4.0%. They expect a strong economic recovery more than ever. “The peak of the pandemic seems to be behind us. More and more counties are loosening restrictions. The rapid pace of vaccinations indicates this as well”, said Chief Economist Dr Jörg Krämer. That means public life in Germany will gradually return to normal.
Deeper Partnerships Between Banks and Fintechs will Transform Personal Finance According to new Monevo Report
- 2 years 11 months ago
- Banking, Infrastructure
Monevo, the market leading personal credit platform & API, has released an independent report on UK Banks and Fintechs setting out the business case for developing closer partnerships and defining exactly how customers are set to benefit.
Gresham Adds to North America Sales Team to Meet Growing Demand
- 2 years 11 months ago
- Management, Payments, Banking, Data
Leading global fintech Gresham Technologies plc (Gresham) that specialises in providing solutions for data integrity and control, banking integration, and payments and cash management, today announced that it has appointed Marc Cavell to spearhead business development across North America.
1.4 Million SME Leaders Unaware of How New Government Support Measures Could Help Their Business
- 2 years 11 months ago
- Banking, Core Banking, Financial
As SMEs prepare for the next easing of lockdown restrictions, business owners across the country are still looking to the government for further support. However new research from Nucleus Commercial Finance today reveals business owners are lacking awareness and understanding of the government support schemes on offer.
Commerzbank and Employee Representatives Agree on Headcount Reduction
- 2 years 11 months ago
- Banking
Commerzbank and the employee representatives have today agreed on a framework settlement of interests and a framework social plan for AG Germany. The binding agreements form the platform for a maximally socially responsible headcount reduction within the framework of the “Strategy 2024” adopted in February. The Bank intends to implement the headcount reduction primarily through retirement arrangements, such as partial retirement or early... more
Mastercard Start Path Program Selects Tippy to Grow Fintech Solution for Service Industry Professionals
Tippy, the revolutionary digital tipping platform, today announced it has been selected to join Mastercard Start Path, an award-winning program for fintech innovators. Annually, Mastercard evaluates nearly 1,500 startups for possible participation in Start Path. Less than 2% of applications are accepted into the highly competitive six-month accelerator program.
YTS Utilises AWS to Help Future-Proof Data Security in Open Banking
- 2 years 11 months ago
- Banking
Recent research from leading open banking provider Yolt Technology Services (YTS) revealed over 50% of business leaders within banking, retail, lending, investment platforms and PFMs, are not utilising open banking technology due to concerns around data security and privacy.
