Banking

Cevian Capital invests in Nordea

Nordea Bank Abp – Stock exchange release – Inside Information Today, Cevian Capital announced a holding in Nordea Bank Abp corresponding to approximately 2.3 per cent of the total number of shares and votes. Cevian Capital also announced its intention to join the Nomination Board of Nordea Bank Abp. Read more »

Coconut introduces limited company current accounts and invoicing product

Coconut, the current account combining banking and accounting, today launches its new limited company current accounts and invoicing tool.  The product helps freelancers, self-employed people and owner managed businesses by automating bookkeeping and tax tasks using rich payments data.  Read more »

Avaloq launches dedicated PSD2 solutions to help institutions capitalise on new open banking era

Global fintech leader Avaloq today announces the launch of dedicated solutions to help financial institutions become fully compliant with ꟷ and capitalise on ꟷ the Payment Services Directive II (PSD2). Financial services firms operating in Europe have until September 2019 to become fully compliant with the regulation, which requires banks and wealth managers to adapt their digital infrastructure and capabilities to allow third-party businesses... more Read more »

La Banque Postale and Natixis announce Natixis’ acquisition of La Banque Postale’s 50% stake in Titres Cadeaux

Natixis today announces the acquisition of La Banque Postale’s 50% stake in Titres Cadeaux and becomes the company’s sole shareholder after it was set up by the two banks in 2006. Le Groupe La Poste will remain a prime business partner via a contract to distribute Titres Cadeaux gift vouchers in its post office branches, while Natixis Payments plans to step up development ofTitres Cadeaux gift products with all i Read more »

Path Solutions on the Number One spot in Islamic Banking

Path Solutions is proud to announce that it has topped the bobsguide Software Rankings 2018 in the Islamic Banking category - in an industry benchmark list that was revealed on the 11th of December.  Read more »

MTB introduces UnionPay to Bangladesh with support from Compass Plus

Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has announced that Mutual Trust Bank Ltd (MTB), one of the top five retail banks in Bangladesh, has become the first bank in the country to issue UnionPay International cards. Read more »

OMNIO POWERS UNISYS TO SUPERCHARGE MONMOUTHSHIRE BUILDING SOCIETY’S DIGITAL BANKING

Omnio Group, a banking and fintech provider formed by the merger of Payment Cloud Technologies (PCT) and Tuxedo Money Solutions, has partnered with Unisys Corporation (NYSE: UIS) to support the organisation in providing cloud based digital current account services to Monmouthshire Building Society (MBS). Read more »

SWIFT gpi breaks 50% barrier

During 2018, SWIFT’s gpi payments service continued to radically transform correspondent banking. With the support of hundreds of financial institutions, including the world’s 60 biggest banks, it is now being used to send hundreds of billions in payments every day – more than half (55%) of SWIFT’s cross-border traffic. Read more »

Israel’s largest credit card company selects Temenos

Temenos (SIX: TEMN), the banking software company, today announced that Isracard, the largest credit card company in Israel, has selected Temenos T24 Core Banking. Temenos’ digital open banking platform will help Isracard achieve its strategic goal of simplifying its systems architecture, and enabling the credit card provider to enhance the digital experience for its customers. Read more »

Sohar Islamic Upgrades iMAL e-Services for Internet & Mobile Banking in the Sultanate of Oman

Path Solutions is proud to be a partner of choice for Sohar Islamic - Bank Sohar’s Islamic banking window in the Sultanate of Oman, having implemented and recently upgraded iMAL*E-Banking and iMAL*MobileBanking solutions for them to provide innovative Internet and Mobile Banking services to their customers. Read more »

FICO signs Raiffeisen Bank

To reduce the costs of collections, Raiffeisen Bank International, a leading European retail and commercial bank, will use the cloud edition of FICO® Debt Manager™ solution, a platform for collections and recoveries used by lenders and third-party agencies. The cloud edition is expected to make future upgrades faster and less dependent on IT resources at the bank. Read more »

Digital banking: electronic money and cryptocurrencies. Regulation vs technologies

Over the past year there have been changes in the payment business that have affected various areas, among them: - entry into force of the second payment directive PSD2; - continuing trend of cryptocurrency market regulation and the corresponding changes in the legislation of different countries. Constant changes in the regulation of the payment business, the situation in the global market, emergence of new players - all this makes it necessary... more Read more »

Services That Help Unbanked Populations With Online Holiday Shopping

Last year, Adobe reported 58 of Nov.-to-Dec.’s 60 shopping days saw over $ 1billion in online U.S. sales. This year, the same source shows year-over-year growth across the board: Read more »

Hammurabi Commercial Bank Selects ICS BANKS from ICSFS to Deliver New Advanced Banking Technologies

ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, today announced that Hammurabi Commercial Bank, a new established bank by the Central Bank of Iraq, has selected the multi-awards winning solution ICS BANKS Universal Banking Software Suite. Read more »

Iraq IDB’s successful upgrade of iMAL R14

Path Solutions, the Fintech solution provider for Islamic finance, today announced that the International Development Bank for Investment and Finance (“IDB”) in Iraq has successfully completed the upgrade of its core banking system to the new Path Solutions’ core, digital platform and echannels of iMAL R14, as of 30th September. Read more »

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