Lucinity Estimates $27 Billion Annual Savings for Banks Through Generative AI Upskilling
- 5 months 3 days ago
- Artificial Intelligence, Banking
Lucinity, the leader in AI for financial crime prevention, estimates that the recent advancements in generative AI can save the banking industry $27 billion annually in training and staff costs. Generative AI has the potential to significantly enhance the skills of less-experienced workers, improve the quality of their output, and result in substantial cost savings for the banking sector.
Report Highlights Need for Banking Hubs as Million at Risk of No Local Branch
- 5 months 4 days ago
- Banking
Nearly a million customers across the UK are at risk of having no major bank branch in their local area within a matter of months, according to a new study on the state of banking in the UK.
Shawbrook Bank Turns to SAS Viya on Microsoft Azure
- 5 months 1 week ago
- Banking
Shawbrook Bank, expert providers of personal loans, residential and commercial mortgages, SME finance, and savings products, has implemented SAS® Viya® on Microsoft Azure to enhance its application of analytics, mitigate risk and better meet customers’ evolving needs.
GFT Partners with Engine by Starling to Help Banks Rapidly Modernise
- 5 months 1 week ago
- Banking
Starling Bank is working with GFT, the global digital transformation pioneer, as an implementation partner for its Software-as-a-Service business, Engine by Starling.
Bank of Commerce Selects Infosys Finacle Suite for its Core Banking Transformation
- 5 months 1 week ago
- Core Banking
Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, and Bank of Commerce, an affiliate of San Miguel Corporation (SMC) group and one of the fast-growing universal banks in the Philippines, today announced the bank’s decision to select Infosys Finacle Suite for its core banking transformation.
Trade Ledger and 10x Banking Revolutionise Commercial Lending with Comprehensive Account Creation and Lending Solution
- 5 months 1 week ago
- Banking
B2B LendTech platform Trade Ledger and 10x Banking, the transformational cloud-native SaaS core banking platform, have partnered to offer banks and alternative l
Paydock and Commonwealth Bank of Australia Deliver Industry Leading Solution to Enhance the Payments Experience for Merchants
- 5 months 1 week ago
- Banking
Paydock, the leading institutional payment orchestration platform, and Australia’s leading bank, Commonwealth Bank (CBA), have officially rolled out PowerBoard, an innovative payments offering that gives Australian merchants flexibility and
Majority of Banks Are Piloting Opportunities of Generative Ai - and Preparing for the Risks, According to New Industry Study
- 5 months 1 week ago
- Artificial Intelligence, Banking
UK Finance and global management consultancy Oliver Wyman today released their report on the use of AI in financial services (FS), and the future opportunities and risks for the sector. It includes a snapshot survey of 23 companies ranging from international to mid-size banks and non-banking FS firms.
AMLYZE and Plumery Forge Strategic Partnership, Revolutionizing Digital Banking Solutions
- 5 months 2 weeks ago
- Banking
AMLYZE, a leading RegTech specializing in anti-financial crime solutions for FinTechs, banks and crypto businesses, and Plumery, a 3rd generation digital banking solution provider, have joined forces in a groundbreaking partnership to reshape the landscape of financial technology.
Swiss Pioneer in Open Finance Kreditarbank Lenzburg AG Introduces Multi-banking with ndgit Munich – Lenzburg
- 5 months 2 weeks ago
- Banking
Hypothekarbank Lenzburg AG is one of the first of 40 Swiss banks to sign a “Memorandum of Understanding” to introduce multi-banking for its clients. The bank again relies on the open finance platform from ndgit, thanks to which it has already received various awards, such as the Fintech Innovation Award from the Swiss Competence Center Ecosystem and the EURO FINANCE TECH Awards 2017.
Trafalgar Will Launch New Mexican ‘Turbofintech' for SMEs Using Thought Machine’s Technology
- 5 months 2 weeks ago
- Core Banking
Trafalgar, a Mexico-based financial services provider for SMEs (regulated SOFIPO), today announces its partnership with Thought Machine, the cloud-native banking technology company, to create Mexico’s first fintech deployed on next-generation core technology. Trafalgar will use Thought Machine’s core banking platform, Vault Core, and develop a suite of additional financial services, including digital cards, POS systems, digital authentication,... more
Mashreq Partners with Visa and ecolytiq to Unveil MENA-first Personal Banking Platform Offering Carbon Emissions Insights
- 5 months 2 weeks ago
- Banking
Mashreq, a leading financial institution in the MENA region, in partnership with Visa and ecolytiq, is announcing the roll out of its new climate banking platform to its nearly one million customers – a first of its kind product in both the UAE and in the MENA region overall.
BMA Banking Systems Selects Bankjoy as a Preferred Provider for Online & Mobile Banking
- 5 months 2 weeks ago
- Online Banking, Mobile Banking
BMA Banking Systems, a provider of core banking software and services to independent-minded community financial institutions, has selected Bankjoy, a leading digital banking provider as a preferred partner for online and mobile banking.
Islamic Finance is Growing Tremendously in Central Asia: Zubair Mughal
- 5 months 3 weeks ago
- Islamic Finance
Islamic Finance, guided by Shariah principles, is a values-driven approach to investment that promotes justice and prohibits unethical, speculative, and usurious practices. It plays a pivotal role in supporting the real economy and boosting the global financial system's resilience. Since the war of the Soviet Union and the emergence of new nation-states in 1991, the Muslim-majority republics of Central Asia have witnessed the introduction of... more
Temenos to Work with MAS to Advance Sustainable Finance
- 5 months 3 weeks ago
- Banking
Temenos today announced a collaboration with Gprnt, a new integrated digital platform launched by the Monetary Authority of Singapore (MAS), to cooperate on technology solutions, explore data integration and foster product development innovation capable of powering the future of sustainable finance.