Banking

Integral Begins Year with an Increase in Volumes of 1% Compared to January 2018

Integral (www.integral.com), the technology partner trusted by leading banks, brokers, and asset managers to help them outperform their competition in the foreign exchange market, reported today average daily volumes (ADV) across Integral platforms totaled $34.7 billion in January 2019.  Though down slightly compared to the previous month, this represents an increase of 1% relative to the same period in 2018. Read more »

Emirates NBD Private Banking introduces The LaunchPad to connect start-ups with investors

The Private Banking arm of Emirates NBD, a leading bank in the region, recently introduced The LaunchPad, a homegrown concept that identifies the region's brightest start-up ideas and connects them with world-class angel and early-stage investors. Read more »

Banks Set To Invest In Legacy Systems To Combat Challenger Bank Threat

More than three-quarters (80%) of bankers believe challenger banks are an increased threat to their business, while almost one-third (30%) believe they will be the single most disruptive threat in 2019. The survey, commissioned by fintech provider Fraedom, found that in response the challenger bank threat, bankers expect their organisations to invest heavily in updating legacy systems (44%) and new technology (26%) in 2019.  Read more »

PrePay Solutions Powers First UK Business Banking App to with Invoicing and Expense

PrePay Solutions (PPS), subsidiary of Edenred the world’s leading corporate payments organisation, is supporting Countingup to become the first mobile bank in the UK to offer invoicing and expense tools.  First launched in 2018, the revolutionary PPS-powered mobile app initially allowed small businesses to do banking, bookkeeping and stay on top of their taxes. Building on this comprehensive product offering, the new invoicing and expense... more Read more »

Wolters Kluwer Invited to Bank of England Roundtable on the Resolvability Assessment Framework Package

Wolters Kluwer’s Finance, Risk & Reporting (FRR) business has been invited to take part in an industry roundtable, organized by the Bank of England, which will discuss proposals designed to ensure U.K. banks are accountable for their own resolvability - the Resolvability Assessment Framework (RAF). The roundtable takes place today and includes Partner level participants from law firms, consultancies and accounting firms. Wolters Kluwer is... more Read more »

KeyBank Successfully Implements Black Knight's MSP Servicing System for First Mortgages

Black Knight, Inc. (NYSE: BKI) announced today that KeyBank, one of the nation's largest bank-based financial services comp Read more »

Abu Dhabi Commercial Bank Reveals Strands-powered PFM App

ADCB has gone live in the United Arab Emirates with its personal finance management (PFM) application built on Strands' technology. The MoneyBuddy app helps ADCB customers understand and manage their finances in a smarter and more independent way. Abu Dhabi Commercial Bank is introducing a new way of communicating with its clients, focusing on a transformative user experience and offering their users all the tools they need to get a 360º... more Read more »

Central 1 Partners with SecureKey

Central 1, creating digital solutions that make everyday banking easier, today announces the launch of technology that allows financial institutions to offer SecureKey ConciergeTM, a single sign-on authentication service, to their members.  Read more »

Citi and HSBC foreign exchange prime broking first to go live with Capitolis Novation

Capitolis, the pioneering technology provider for the capital markets, announced today that Citi and HSBC are the first FX prime brokers to be live on Capitolis Novation, its ground-breaking novation service in foreign exchange. The two leading banks were live in December 2018 and contributed to bringing the service to the market alongside Capitolis. The service has streamlined the novation process, helping to meaningfully reduce the time it... more Read more »

BofA rolls out biz banking toolkit

Bank of America today introduced Business Advantage 360, a new digital dashboard designed to make it easier for entrepreneurs to manage the various financial aspects of their business.  Available for the first time to any Bank of America client with a business deposit account, Business Advantage 360 provides a complete view of business cash flow and access to real-time expertise and guidance – all in one simple tool with new functionality. Read more »

ebankIT to showcase its innovative digital banking solution at Finovate Europe

Portuguese fintech ebankIT will be live on the main stage at Finovate Europe, one of the world’s most prestigious events dedicated to financial technology, to showcase in less than 7 minutes and without using videos or slides, how banks and credit unions can significantly accelerate their omnichannel digital transformation process. Before a crowd of over 500 representatives of the world’s most renowned financial institutions, ebankIT’s challenge... more Read more »

Smith & Williamson adopts Avaloq’s SaaS solution

Smith & Williamson, the UK-based financial and professional services firm, has further enhanced its relationship with international fintech leader Avaloq by adopting its comprehensive Software as a Service (SaaS) solution. The move comes six months after Smith & Williamson selected Avaloq to help enhance the delivery of investment management services to its clients and support the continued growth of the business through the Avaloq... more Read more »

Making Gains? Klarna’s Pay later service now available to Gymshark customers in the UK & Nordics

 Gymshark and Klarna have today announced the launch of Klarna’s Pay later service in the UK, Sweden, Norway, Finland and Denmark. Enabling Gymshark’s loyal community of shoppers to order the latest fitness apparel and pay after delivery. Read more »

Omnio Group to Unveil New Brand at the Tower of London

Omnio Group, a banking and payment services provider formed from the merger of Payment Cloud Technologies (PCT) and Tuxedo Money Solutions, will host its exclusive launch celebration on 26th February at the Tower of London.  Since the successful merger of the two predecessor companies in August 2018, Omnio Group has been refining its suite of innovative financial services as well as developing its all-new brand identity and is now ready to... more Read more »

Over half of Brits borrowing from family instead of banks

New data from the UK’s leading price comparison site, MoneySuperMarket, reveals the true extent to which Brits rely on immediate family for financial help. The data shows that over half (55 per cent) of Brits have borrowed over £100 from a family member, with the average loan reaching as high as £2,2271, meaning the UK’s total family debt runs into the billions. Read more »

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