Banking

BoE’s warning on digital transformation disruption is misleading, says TmaxSoft

In the wake of the TSB IT debacle, the Bank of England (BoE) and the FCA have given financial services firms three months to explain how they would deal with technology failure. The discussion paper outlines the importance of operational resilience and warns that banks could face fines if service disruptions lasts longer than two days. Read more »

ICS BANKS Notification System

ICS BANKS Notification System is created to provide the bank with a notification mechanism where certain messages or advertisements will be displayed for certain customers, once their accounts or customer number keyed in the system in order to be addressed in a proper way. For example, if the customer is entitled for a new credit card, the bank can add a specific notification where the notification will be displayed once his customer/ account... more Read more »

Commercial Bank of Dubai and Network International Sign Acquiring Porcessing Deal

Commercial Bank of Dubai (CBD) and Network International, the leading payment solutions provider in the Middle East and Africa, recently signed an agreement to provide Network International’s bespoke acquiring processing solutions to CBD’s wholesale banking clients. Read more »

CAS Becomes a Preferred Funding Token for ICOs As Cashaa Banking is Going Live

Cashaa, a nextgen banking platform, conducted a highly successful Token Sale to solve the problems for individuals and businesses related to banking. Among its customers are the coming generation of businesses who are conducting ICOs and Token Sales themselves. Read more »

YouGov Poll: UK Adults are Seeking innovative Digital Payment Experiences From Banks

UK adults are ready for real-time interaction with their banks. The results of a recent YouGov survey, on behalf of Ondot, revealed today that online security and fraud prevention comes top in what Brits think banks should guarantee, with 60% wanting 'peace of mind' when using cards online. The survey also discovered that consumers are keen to play a much more proactive role in managing their personal finances. Read more »

Consumers Left Clueless About Banking Options

Online research from Equifax, the consumer and business insights expert, reveals a lack of awareness of banking options among Brits. When presented with a list of digital banks 60% hadn’t heard of any of the brands* and only 20% would opt for a challenger bank if opening a new account today. Read more »

Tinkoff and Sberbank Announce P2P Money Transfers Using Just a Mobile Number

Tinkoff Bank has launched a joint initiative with Sberbank to allow their customers to make P2P money transfers using a mobile number, as part of the bank’s drive to expand the payment options available to its customers.    The service will be rolled out from today in the bank’s mobile apps and the personal online accounts of Moscow-based customers, and will be available to all customers across Russia by the end of July.   Read more »

Path Solutions bags two awards at The Asset Triple A Islamic Finance Awards 2018

Path Solutions is delighted to announce that it has received two accolades from The Asset Triple A Awards 2018, including ‘Best Islamic Technology Provider’ for a fourth year running and ‘Best Islamic Digital Banking Solution’ for its flagship Islamic core banking platform iMAL for the second time. Read more »

BPER choses Meniga to offer an enriched Digital Banking Solution

Italian banking group, BPER, has contracted Meniga, the global leader in white-label digital banking solutions, to build its next generation digital banking experience solution. BPER has been working on modernising and increasing efficiency across operations and the enrichment of the digital banking with PFM (Personal Financial Management) solution for customers is central to this.   Read more »

New Frontier Group partners with Mambu

New Frontier Group (NFG), a global leader in digital transformation, has partnered with Mambu, the leading SaaS banking engine, to extend its digital banking offering. The cloud-based model leverages NFG’s market-leading opti-channel digital banking solution, powered by Mambu’s SaaS banking engine, to create a fully online and automated digital banking offering which allows institutions to rapidly go to market and deliver business value. Read more »

Trustonic chosen by Alcinéo to protect mPOS smartphone apps

Payment innovator Alcinéo has chosen Trustonic Application Protection (TAP) to protect its mobile point of sale (mPOS) apps. This will enable banks around the world to offer Alcinéo’s mPOS solutions to their business clients, providing them with the ability to accept payments on mobile devices safe in the knowledge that their customers’ data and payment credentials are protected to the highest level.   Read more »

iwoca Reaches Profitability

iwoca, one of Europe’s largest alternative small business lenders, today announces it reached profitability in the first half of 2018 amid a doubling of revenue over three successive years. iwoca launched in 2012 and has since lent £500m to 20,000 businesses. To meet soaring demand from its small and micro business customer base, iwoca lent a company-record £2.2 million to 137 businesses in a single day at the end of June 2018, funding small... more Read more »

Arya Now Leveraged by More Than 20 Financial Institutions Worldwide

Arya, an intelligent, open architecture digital services platform for both retail and commercial account holders, announced that over 20 financial institutions worldwide have selected its platform to deliver a feature-rich digital banking experience to their account holders. The highly flexible platform is uniquely positioned to serve banker’s banks and corporate credit unions as well.  Read more »

Piraeus Bank selects Antelop as its mobile payments provider

Antelop, leading reference in mobile payment solutions for card issuers and banks accelerate deployment with Piraeus Bank, largest card issuer in Greece.  Piraeus Bank, the largest card issuer in Greece, has selected Antelop Solutions as its long-term e-wallet and digital payments partner, enabling the bank to provide its customers with a large range of cutting edge e-wallet and mobile payments capabilities. Read more »

Getting Closer to the Market, Western Union Opens Office in Ivory Coast

Western Union has been providing fast, reliable and convenient money transfer services in Ivory Coast since 1995 Western Union (www.WesternUnion.com), a leader in global cross-border, cross-currency money movement, announced today the opening of an office in Ivory Coast, reinforcing the company’s on-going commitment to service excellence by getting even closer to customers. Read more »

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