Banking

Berlin based Fintech Penta raises €7 million Series-A

Business bank account Penta today announced a €7 million investment round as its customer base continues to grow at pace. User numbers have increased over 900%, since the company's last fundraise just eight months ago. This brings Penta’s total fundraising to €10M. A transparent, community-driven approach and active commitment to world-leading customer service has helped Penta win favour of the German business community since launching back in... more Read more »

Al Rajhi Bank selects Murex for its Islamic finance business

Murex, a global leader in trading, risk and back-office solutions for the capital markets and Al Rajhi Bank, the largest Islamic bank in the world, are pleased to announce that Murex’s MX.3 platform has been selected to support the bank’s evolving Islamic finance activities and to meet the demands of local and international regulators.   Read more »

Aspiring blockchain bank BABB completes £1.4m Crowdcube raise to support banking licence application

 BABB has successfully completed its equity crowdfunding through Crowdcube, raising more than £1,400,000 from 1,232 investors. The funds will be used to support BABB’s applications for banking licences in the UK and Lithuania. BABB is building a decentralised platform using blockchain and biometrics technology, to provide mobile banking services to empower the global micro economy and tackle one of the world’s biggest challenges: how to... more Read more »

Director of AMI Talks About Economic Recovery and Cross-Border Opportunities in Latin America at the EBANX Summit 2018

The Southern city of Curitiba, in Brazil, has become an important location for a high-level global debate on the business landscape of Latin America. The EBANX Summit 2018 brought together some of the world's top market experts to talk about economy, logistics, consumption, and opportunities for global companies across Latin America, besides gathering top executives from the largest digital commerce stores in the world, to discuss the market in... more Read more »

BANKING CIRCLE WINS 2 EMERGING PAYMENTS AWARDS

Banking Circle, the ground-breaking financial utility, has won Best Back Office Innovation and Best International Payments, Remittance or use of FX in the 2018 Emerging Payments Awards. This takes the financial utility’s award total to 10 wins so far in 2018.    In addition, Miranda McLean, Senior VP for Global Marketing was announced at the event as one of a cohort of ‘Outstanding Women in PayTech’– which champions women in the emerging... more Read more »

Open Banking Expo conference programme confirmed

Open Banking Expo has confirmed a full complement of speakers for its one-day conference and exhibition, with more than 35 thought leaders, three streams and 15+ hours of original content. The event, headlined by OpenWrks, takes place on 27 November at America Square Conference Centre, London and promises to be the UK’s largest marketplace for ideas, connections and deals in Open Banking with representation from incumbent banks, challenger banks... more Read more »

Aspiring Blockchain bank BABB raises 1.4m to help Unbanked

BABB has successfully completed its equity crowdfunding through Crowdcube, raising more than £1,400,000 from 1,232 investors. The funds will be used to support BABB’s applications for banking licences in the UK and Lithuania. BABB is building a decentralised platform using blockchain and biometrics technology, to provide mobile banking services to empower the global micro economy and tackle one of the world’s biggest challenges: how to... more Read more »

SaxoSelect sees 36% increase in its Managed Trading Strategies AUM despite uncertain economic backdrop in Q3

SaxoSelect, the digital service that enables clients of Saxo Bank to invest in pre-selected investments, has reported a 36% increase in AUM for its range of Managed Trading Strategies over the third quarter. The sharp increase in riskier investment strategies comes despite an uncertain economic background throughout the quarter.  Read more »

Nordea sells non-performing loan portfolio

Nordea has entered into an agreement with the Norwegian company B2Holding to sell a portfolio of non-performing loans. A total of 12,000 non-performing customer accounts will be transferred to B2Holding, which operates the debt collection company Nordic Debt Collection in Denmark.  “We let professional debt collection companies take over more of the non-performing accounts. Instead we can focus on our prevention work and help our customers avoid... more Read more »

TCB finalizes Taiwan's first standardized QR Code payment in partnership with Visa

Taiwan Cooperative Bank (TCB) and Visa, the global leader in digital payments, today implemented Taiwan's first standardized and EMV-compliant QR Code payment. Wu-Shung Yan, Executive Vice President, Taiwan Cooperative Bank and Eric Wang, Visa’s Head of Product for Taiwan, demonstrating Taiwan’s first QR Code payment by an international payment network following EMV Specifications. Read more »

GIFA has named Mohammed Kateeb as the 2018 recipient of the Advocacy Award

 September 29th was a remarkable day for Path Solutions as it was recognized and honored twice at the annual Global Islamic Finance Awards (GIFA). The Group Chairman & CEO, Mohammed Kateeb was honored with the Advocacy Award – Islamic Financial Technology, while the company bagged the Market Leadership Award. Read more »

Swift User Group Meeting for Iraqi Banks

ICSFS was privileged to speak at Swift’s User Group Meeting for Iraqi banks, that took place in Amman, Jordan on 3 October, 2018. ICSFS’ team showcased its financial services provided by its awards-winning solution, ICS BANKS banking software suites, emphasising on our global presence, especially in the Iraqi Banking Software Market, where ICSFS is dominant, with 23 banks that are long-term users of ICS BANKS banking application. Read more »

International Webinar: Fintech vs traditional banking October 17 and 25, 2018

Today, Fintech has a strong position in the financial market because the banking sector has experienced a number of difficulties, which has reduced public confidence in the traditional banking system. The EU-introduced PSD2 directive increased competition in the payments sector. Accepting the European option as a ready-made scheme, other states began to use open banking services as an accelerator to achieve their goals. Read more »

ICICI Bank Reveals Odyssey City Card

ICICI Bank Ltd. today announced a multi-year partnership with the Bhubaneswar Municipal Corporation (BMC) and Bhubaneswar Smart City Limited (BSCL) to launch a Common Payment Card System (CPCS) which will help citizens use a single payment option for their multi-purpose city-level usage.  Read more »

BofA presents new mobile capabilities

Bank of America today announced that it is introducing a new feature that will allow clients to move seamlessly between the Bank of America, Merrill Lynch, Merrill Edge and U.S. Trust mobile apps without having to re-authenticate.  The new feature is part of a broader approach designed to make it easier for clients to manage their banking and investing activities in one place. Read more »

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