FTL Finance Goes Live with Scienaptic
Leading AI-powered credit decisioning disruptor, Scienaptic today announced that home improvement lender, FTL Finance has completed implementation and is now live on its platform. The implementation will enable the company to make better, stronger credit decisioning for its borrowers through next-generation, transformative technology powered by AI to support both contractors’ and homeowners’ financing needs for repairs and remodeling.
Masthaven Opens Mew London and Reading Offices
- 2 years 10 months ago
- Banking
Masthaven Bank has today announced that it has moved from its previous London office to two new sites: one new office in London and one in Reading. The new office openings come as the bank embarks upon a more flexible working model.
corfinancial’s Salerio Selected By Man Group To Migrate Oasys Trade Processing
- 2 years 10 months ago
- Investment Management, Banking
Salerio, the post-execution trade processing solution from corfinancial, has been selected by Man Group, the global active investment management firm, to assist in their migration from the OASYS™ US securities trade processing flows to the DTCC’s Institutional Trade Processing (ITP) CTM™ (Central Trade Manager) platform. Last year, DTCC announced that it would decommission OASYS™ on 31 October 2021.
Slovakia’s Top Bank Slovenská Sporiteľňa to Sharpen Lending Strategies with FICO AI-Powered Optimization
- 2 years 10 months ago
- Artificial Intelligence, Banking, Data
Slovenská sporiteľňa, the largest commercial bank in Slovakia, has chosen FICO® Decision Optimizer to increase profitability and improve portfolio management for its cash loan portfolio. Using FICO’s advanced AI-powered optimization, the bank will develop data-driven lending strategies to systematically improve results. Slovenská sporiteľňa is part of the Erste Group, one of the largest financial services providers in Central and Eastern Europe... more
Commercial Bank of Kuwait Selects TCS BaNCS to Transform Treasury Operations and Drive Future Growth
- 2 years 10 months ago
- Transaction Banking, Banking, IT Innovations
Tata Consultancy Services (TCS), leading global IT services, consulting, and business solutions organization, announced that Commercial Bank of Kuwait (CBK), one of the largest financial institutions in Kuwait, has selected TCS BaNCS™ for Treasury to manage risk better, enhance asset class coverage, and drive future growth.
Finastra Survey Finds Banking as a Service (BaaS) Set to Make Significant Impact on Financial Services in Next 12 Months
- 2 years 10 months ago
- Open Banking, Banking, IT Innovations, Financial
85% of respondents at global financial institutions believe Banking as a Service (BaaS) will make an impact over the next year; 40% believe the impact will be significant More than 9 in 10 respondents agree that Open Banking is important to their organization; 97% of those that already use Open Banking recognize that it has provided benefits to their business
Central Banks Signal Temporary Concerns Over Inflation
- 2 years 10 months ago
- Banking
David Jones, Chief Market Strategist at European investment trading platform,Capital com, said: “It has been a calmer week in markets following the interest rate-inspired fireworks we had at the end of last week. In fact, it has been business as usual for many major assets."
Pollinate Launches Filmmaker Competition in Collaboration with Mastercard to Spotlight Small Business Ingenuity
Pollinate, the global fintech that partners with banks to help business customers succeed and grow, is launching “Ingenious,” a filmmaker competition spotlighting small businesses, in collaboration with Mastercard. “Ingenious” will celebrate the ingenuity of small business owners around the globe through stories of how small businesses have used technology to drive forward during the pandemic.
Nivaura Technology Deployed by DBS Bank for World’s First Fully Digitalised Bond Issuance Platform
Nivaura, a London and Italy based Fintech, has delivered the technology underpinning Singapore-based DBS Bank’s groundbreaking bond issuance platform. This is the world's first end-to-end workflow platform that spans across a bank’s entire supply chain from all internal functions and systems to external clients.
Visa to Acquire Open Banking Platform Tink in €1.8Bn Deal
- 2 years 10 months ago
- APIs, Open Banking, Payments, Banking
Visa today announced it has signed a definitive agreement to acquire Tink, a European open banking platform that enables financial institutions, fintechs and merchants to build tailored financial management tools, products and services for European consumers and businesses based on their financial data. Visa will pay total financial consideration of 1.8 billion Euros, inclusive of cash and retention incentives, to acquire Tink.
FV Bank Selects Fireblocks as Infrastructure Partner for Digital Asset Custody Services
- 2 years 10 months ago
- Asset Management, Banking, Infrastructure
FV Bank, a licensed digital bank and digital asset custodian has announced today it has inked a deal with Fireblocks (www.fireblocks.com), an award winning platform for securing digital assets. FV Bank will be leveraging Fireblocks unique MPC-based wallet and network infrastructure to support the introduction of its digital asset custody services which will seamlessly be integrated within FV Bank’s online banking for its international customers.
SMEs Need Digital Business Banking
Small and medium-sized enterprises (SMEs) are vital to the economy in every country, with the World Bank estimating that around 90% of businesses are SMEs and that they provide more than half the jobs in the world. They also make a sizable contribution to their local economy, ranging from up to 40% in emerging economies to around 55% in Europ
The National Bank of Indianapolis Moves to Jack Henry’s SilverLake System Core
- 2 years 10 months ago
- Banking
Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its Jack Henry Banking® division announced today that $2.5 billion-asset The National Bank of Indianapolis has migrated to the SilverLake System® core to meet growing commercial and small business demand.
Sterling Falling as the Bank of England Expects Inflation in Excess of 3%
Commenting on sterling falling as the Bank of England expects inflation in excess of 3%, Olivier Konzeoue, FX Sales Trader at Saxo Markets, said: “The BoE chose to maintain accommodative measures in place, keeping the Benchmark Interest Rate at 0.1% and holding government asset purchases at GBP 875Bln, whilst outgoing chief economist Haldane was the only dissenter voting against keeping the bond-buying program unchanged (8-1 split on the topic).
Fineco Listed Among the Top Sustainable Banks by Standard Ethics
- 2 years 10 months ago
- Banking
The Independent Sustainability Agency Standard Ethics[1] confirmed Fineco’s “EE+” rating for the second consecutive year – one of only two credit institutions currently awarded the most solid sustainability score .
