Core Banking Platform: a Significant Lever for Innovation
- 9 months 1 week ago
- Core Banking
Process Oriented Core Banking (POBC), or Core Banking Platforms, represents the latest generation of core banking solutions. Developed over the last few years, they offer financial institutions the opportunity to take full advantage of the digital revolution by meeting the scalability needs of the industry.
AlHuda CIBE and FDO Signed an Agreement to Set Up Islamic Microfinance Window Operation
- 9 months 1 week ago
- Islamic Finance
AlHuda Centre of Islamic Banking and Economics (CIBE) and Farmers Development Organization (FDO) have signed an agreement to establish an Islamic microfinance window operation. The agreement was signed by Mr. Muhammad Zubair, CEO of AlHuda CIBE and Mr. Ghulam Mustafa, CEO of FDO. The Islamic microfinance window will provide financial services to low-income and marginalized communities in Pakistan.
Canadian Tire Bank Expands Relationship with Temenos and Moves to Temenos Banking Cloud
- 9 months 1 week ago
- Banking
Temenos today announced that Canadian Tire Bank (CTB), the financial arm of Canadian Tire Corporation (CTC) – one of the largest Canadian retail companies – will adopt Temenos Banking Cloud to accelerate its core modernization.
Alternative Financing Market Revenue to Reach $40B by 2032
- 9 months 2 weeks ago
- Alternative Finance
As per the report by Global Market Insights, Inc. “Worldwide Alternative Financing Market was valued at USD 10 billion in 2022 and will surpass a revenue collection of USD 40 billion by 2032 with an annual growth rate of 15% over 2023 to 2032.”
Euromoney Names Santander “Best Bank in the World” for SMEs, Financial Inclusion and Emerging Markets
- 9 months 2 weeks ago
- Banking
Santander has received three global awards for the first time at the 2023 Euromoney Awards for Excellence: ‘World’s Best Bank for SMEs’; ‘World’s Best Bank for Financial Inclusion’ and ‘World’s Best Bank for the Emerging Markets’.
Sonovate Adds New Tech Capabilities, Introducing Automation Tools to Help Recruitment Businesses Boost Operations
- 9 months 2 weeks ago
- Alternative Finance
Sonovate, the leading provider of embedded finance and payment solutions for the contingent workforce, has expanded its offering with the addition of a new solution to automate back and middle office tasks for recruitment agencies of all sizes.
Qualtik and Linedata Join Forces to Empower the Banking Industry
- 9 months 2 weeks ago
- Banking
Linedata, a global provider of asset management and credit technology, data, and services, announces today its strategic partnership with Qualtik, a US-based provider of stress testing tools for commercial loans. This collaboration marks a significant step towards empowering banks to effectively manage risk and gain valuable insights, enabling them to optimize resources and navigate challenging times successfully.
Digital Transformation a Defining Factor in Banks’ Employee Retention and Future Stability, New Study Reveals
- 9 months 2 weeks ago
- Banking
Banks’ digital transformation progress is vital to the retention of their product teams, it has been revealed, with 94% of product managers admitting they would leave their current position to work for a competitor bank with better technology and 92% claiming they would leave for a bank with more ambitious transformation goals.
Leeds Building Society Selects Apprivo² Core Banking Originations Platform in Latest Partnership for finova
- 9 months 2 weeks ago
- Core Banking
finova the UK's largest cloud-based mortgage and savings software provider, has today announced that its Apprivo² core banking originations platform has been selected by Leeds Building Society for its Limited Company buy to let (Ltd Co. BTL) offering.
IBS Intelligence Recognizes Temenos as the #1 Best-selling Banking Software Across Eight Categories; the Highest Awarded to Any Technology Provider
- 9 months 2 weeks ago
- Banking
Temenos has been recognized as the global market leader by IBS Intelligence in the IBSi Sales League Table (SLT) 2023 for Core Banking, Digital Banking and Channels, Payments, Treasury and Risk Management and Islamic Banking for core and risk management.
Furness Building Society to Transform Savings Offering with Backbase-powered Digital Platform
- 9 months 2 weeks ago
- Banking
Furness Building Society (FBS), the member-owned building society, announced that it has partnered with Backbase, the leading global Engagement Banking Platform provider, to develop its new digital savings platform.
Azentio Software and Nityo Infotech Partner to Optimize IT ROI for BFSI Organizations
- 9 months 2 weeks ago
- Banking
Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, and Nityo Infotech, a global IT services company, today announced a formal partnership aimed at providing innovative and comprehensive technology solutions to the Banking, Financial Services & Insurance (BFSI) industry.
Azentio Secures Top Position Across Multiple Categories in the IBSi Sales League Table 2023
- 9 months 3 weeks ago
- Islamic Finance
Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, has announced that it has achieved top positions in multiple categories in the exclusive Leadership Club of IBS Intelligence (IBSi) Sales League Table (SLT) 2023, the globally acknowledged annual performance barometer for measuring technology supplier performance.
HSBC Becomes First Bank to Join the UK’s Pioneering Commercial Quantum Secure Metro Network
- 9 months 3 weeks ago
- Banking
HSBC is the first bank to join BT and Toshiba’s quantum-secured metro network - connecting two UK sites using Quantum Key Distribution (QKD) to prepare its global operations against future cyber threats. This technology will be trialled in multiple scenarios, including financial transactions, secure video communications and one-time-pad encryption, as well as AWS edge computing capabilities using an AWS Snowball Edge device.
ESG and Customer Experience: New Study Reveals Priorities of European Banks, Wealth and Asset Managers
- 9 months 3 weeks ago
- Banking
The financial sector in Europe is undergoing a profound transition. The war in Ukraine, high inflation and the threat of recession have put pressure on the profitability of players. The figures speak for themselves: over 52 percent of the banks and wealth managers surveyed stated that they intend to tackle full-spectrum digitisation projects within the next two years in order to remain competitive. While more than 40 percent are already working... more
