Banking

Braintri co-developed IKO mobile app voted world’s best twice

Warsaw, Poland, February 19, 2019. For the second year in a row, IKO, the mobile app of the CEE financial industry giant PKO Bank Polski, took top spot in a global industry ranking of mobile apps of 100 worldwide banks. The ranking was published by the British Retail Banker International magazine. Overall, IKO outperformed the mobile solutions of several renowned banking brands, including JP Morgan Chase, Barclays, and Bank of America. Read more »

Liechtenstein’s LGT goes live with Avaloq Banking Suite in Austria

The Avaloq Banking Suite is now available in Austria: The Austrian unit of LGT, the international private banking and asset management group owned by the Princely House of Liechtenstein, has gone live with the Avaloq Banking Suite. The roll-out complements similar activation projects for LGT with Avaloq in Liechtenstein, Switzerland, Singapore and Hong Kong. All of the group's core strategic markets now use the same banking system. Read more »

Monese integrates with Avios loyalty currency

Today, Monese, the globally-connected banking service, has joined up with Avios, the loyalty currency, so users can easily track and maximise their Avios balance and check their transactions.  This is the world’s first current account linked with Avios and it offers a new, seamless financial and lifestyle management service for mobile people. An exciting roadmap of developments, including further collection and redemption opportunities with... more Read more »

Mambu secures €30 million funding to accelerate growth

Mambu, the leading SaaS banking engine, today announced  it has raised €30 million in its latest funding round led by US-based Bessemer Venture Partners, one of the world's most experienced and successful SaaS-focused venture capital firms, with participation also coming from existing investors Acton Capital, CommerzVentures, Point Nine Capital and Runa Capital. Read more »

London-based fintech iwoca raises £150m in equity and debt capital

 iwoca, one of Europe’s fastest growing small business lenders, today announces it has raised an additional £150m in equity and debt capital. The investment brings iwoca’s total funding to £350m. iwoca’s most recent fundraising included a Series D equity round led by Augmentum Fintech, the specialist fintech venture capital investor. NIBC Bank and other existing investors, including Prime Ventures, also participated. Read more »

ISG Provider LensTM Names HCL Technologies a Leader in Development of Next Gen Banking, Financial, and Insurance Applications

 HCL Technologies (HCL), a leading global technology company, has been recognized as a  leader in providing Next Gen Application Development and Maintenance (ADM) for the banking, financial service,  and insurance (BFSI) sectors, according to  2018 ISG Providers Lens TM Quadrant Report. According to ISG, HCL has emerged as a leader among service providers, because of its rich toolset, strategic partnerships, and micro-verticalized focus in... more Read more »

Barclays accelerates growth of Pay by Bank app

Starting today, Barclaycard merchants now have the opportunity to accept mobile payments through Pay by Bank app, the new payment method created by Mastercard’s Vocalink business. In addition, a greater number of consumers will also be able to pay using the functionality; in 2020 Barclays will be rolling out Pay by Bank app, currently live on its Pingit app, on its Barclays Mobile Banking App. This means over 6m users will be able to benefit... more Read more »

TransferTo announces rebrand with the creation of two market defining companies: DT One and Thunes

Today, TransferTo, a cross-border mobile top-ups and payment solutions network provider has announced a full rebrand, effective immediately, with two separate company brands, logos and identities. TransferTo’s mobile top-up and rewards business, founded in 2005, has now changed its name to DT One and remains a leading global network for mobile top-up solutions and innovative mobile rewards.  Read more »

Saudi’s Agricultural Development Fund chooses Finastra to enhance credit services

Finastra’s core banking solution, Fusion Essence, has been chosen to power Saudi Arabia’s Agricultural Development Fund’s lending services. Read more »

Wallis Bank Launches New Services to Enhance Customer Experience and Security Online

Wallis Bank has launched a number of new features for its customers allowing for more convenient access to their online accounts without sacrificing security. New services include Wallis 360, a revamped treasury management system for both small and large businesses; CardValet®, a mobile application for online debit card control; and Wallis Bank Mobile, a retail banking application recently updated for mobile deposits. Read more »

Commerzbank: ECB reduces capital requirements (SREP)

The European Central Bank (ECB) has reduced the bank-specific capital requirements (Pillar 2 Requirement) for Commerzbank by 0.25 percentage points to 2.0% after the 2018 Supervisory Review and Evaluation Process (SREP). This reflects the major progress the Bank made in the improvement of its risk profile, including the reduction of its credit risks. Read more »

CaixaBank introduces the world's first facial recognition to withdraw cash at ATMs

CaixaBank has become the world's first financial institution to offer its customers the ability to use facial recognition to withdraw cash from ATMs, without having to enter their PIN. The company, with Jordi Gual as Chairman and Gonzalo Gortázar as CEO, presented the system today in Barcelona, in an act that entails the commercial launch of the service for all customers who want to sue it at ATMs equipped with the new technology. Read more »

The First Norwegian Bank Selected to Demo at Finovate

Monobank, a cloud-based bank focused on consumer finance in the Nordics, showcased its new white label credit card app Mono Pay for Europe's finance and fintech industry in London. Read more »

AdviceRobo Unveils JACQ at FinovateEurope

  Credit risk assessment innovator AdviceRobo demos at FinovateEurope 2019 its revolutionizing solution to assess credit quality by applying smart psychographic credit processing, artificial intelligence and the internet of things. This is world’s first solution that integrates lifestyles, attitudes and beliefs of people and other behavioural data into smart credit software. Read more »

Temenos strengthens its Executive Committee

Temenos AG (SIX: TEMN), the banking software company, today announces it is strengthening its Executive Committee, having already announced outstanding Q4 and full year 2018 results and the appointment of Max Chuard as Chief Executive Officer and Panagiotis “Takis” Spiliopoulos as Chief Financial Officer (more information can be found by following this link). Read more »

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