Only 6% of Retail Banks Have Built an Enterprise Roadmap to Drive AI-driven Transformation at Scale
- 1 month 2 weeks ago
- Banking
The 20th anniversary edition of the Capgemini Research Institute’s World Retail Banking Report, published today, reveals 80% of retail bank executives believe that generative AI represents a significant leap in advancing AI technology. However, only 6% of retail banks are ready with a roadmap for enterprise-wide AI-driven transformation at scale.
Icelandic Bank Benefits from Reduction in False Positives Following Real-time Integration Between CBA’s IBAS and Swift’s Transaction Screening Service
- 1 month 2 weeks ago
- Banking
Norwegian software vendor Commercial Banking Applications AS (CBA), today announced that Landsbankinn in Iceland is benefitting from the seamless integration of Swift’s Transaction Screening Service (TSS) with CBA’s IBAS GBF - Global Banking Factory – which the bank uses to run
Appian Partners with Symphony to Enable Compliant Financial Communications and Process Automation
- 1 month 2 weeks ago
- Banking
Appian (Nasdaq: APPN) has partnered with Symphony, the leading markets’ infrastructure and technology platform, to help banks and financial services firms communicate, collaborate, and automate compliantly in a highly competitive and regulated market. The partnership will enable customers to embed auditable, compliance-enabled omnichannel communications on popular platforms into their workflow for increased efficiency and transparency.
Chase Named the Official Banking Partner of the Home Nations Football Teams
- 1 month 3 weeks ago
- Banking
Digital bank Chase has today been announced as the Official Banking Partner of the Home Nations Football Teams. Chase will be working with the England, Northern Ireland, Scotland and Wales Men’s, Women’s, Youth & Para national teams, across a four-year period. The partnerships will see the Chase logo appear on training kit worn by the Men’s and Women’s teams.
As Citibank Is Sued, Banks Will Have to Face The Duty To Protect Their Customers
- 1 month 3 weeks ago
- Banking
Perhaps best-known for bringing a civil fraud case against Donald Trump, the verdict of which is expected to be announced later this month, New York Attorney General Letitia James is now focusing on the fraud committed by cybercriminals against Citibank customers – and the bank’s failure to protect them.
Lithuania’s Šiaulių Bankas Selects Temenos SaaS to Modernize Core Banking in the Cloud
- 1 month 3 weeks ago
- Core Banking, SaaS
Temenos, today announced that Šiaulių Bankas, the largest independently-owned bank in Lithuania with over €4 billion in assets, has selected Temenos to modernize its core banking platform. Šiaulių Bankas will migrate its retail and corporate banking including trade finance to Temenos Banking Cloud, supporting the bank’s growing business needs with increased flexibility and resilience.
Orion Innovation Partners with Africa and Gulf Bank to Provide Innovative Digital-First Financial Products and Services
- 1 month 3 weeks ago
- Core Banking, PaaS
Orion Innovation, a leading digital transformation and product development services firm, is excited to announce it has signed a deal with Africa and Gulf Bank (“AGB”) to modernize the bank’s banking products and services.
Security Bank Drives Digital Transformation of Wealth Management Business with Avaloq
- 1 month 3 weeks ago
- Banking
Security Bank has entered a new partnership with Avaloq, a leading provider of wealth management technology and software. The bank aims to digitalize its wealth management business with the Avaloq Core Platform and to roll out Avaloq’s Relationship Manager (RM) Workplace solution to strengthen its front office.
Finastra and UNITAS Partner to Bring Leading Treasury Solution to Banks in South Korea
- 1 month 3 weeks ago
- Banking
Finastra has today announced UNITAS as a strategic partner for Finastra’s Kondor treasury solution in South Korea. The combination of Finastra’s best-of-breed trading system with UNITAS’s local expertise and deep experience in providing risk and compliance solutions to financial institutions will enable more banks in the country to digitally transform and grow their business.
Griffin Launches Foundations, an Early Access Programme for UK Companies to Embed Banking Products
- 1 month 3 weeks ago
- Banking
Griffin, the API-first UK bank and full-stack Banking as a Service (BaaS) platform, has announced that it is accepting applications for its early access programme, Foundations. This comes after a successful pilot programme for its first set of customers. Foundations are designed for companies in the UK who want to offer financial products to their customers and build directly on a full-stack BaaS provider.
Tandem Bank Commits to HMT’s Women in Finance Charter
- 1 month 4 weeks ago
- Banking
Tandem, the UK’s greener, digital bank has announced it has become a signatory of the Women in Finance Charter, becoming one of the latest banks to back the Government and industry’s push for gender balance in financial services. The Charter, launched by HM Treasury, commits signatories to support the progression of women into senior roles across financial services.
Banks Can Tackle Financial Fraud by Using New Homomorphic Encryption Technology
- 2 months 16 hours ago
- Banking, Cybersecurity
Criminals successfully stole over half a billion pounds over a period of just six months in 2023 through fraud, according to new research from UK Finance. The threat of fraud, coupled with the various regulatory demands placed on banks and financial institutions, means protecting customers and their data from outside threats is an increasingly tall challenge.
New Mambu Report Finds Bottom Line Benefits to Banks That Accelerate Cloud Core Transformations
- 2 months 3 days ago
- Banking
New report, in partnership with Google Cloud, highlights why banks must begin to provide services for tech-empowered customers to avoid being left behind by tech-savvy competitors. Research shows that banks that successfully switch to a cloud core will be bigger, more profitable, and grow faster, leading to a value creation opportunity of $20 trillion, as highlighted in a new report from SaaS cloud banking platform Mambu.
Sinch Partners with Temenos to Expand Their Financial Services Offering on the Temenos Exchange
- 2 months 3 days ago
- Banking
Sinch, which powers meaningful conversations between businesses and their customers through its Customer Communications Cloud, today announced its messaging APIs and solutions are available on Temenos Exchange, the partner ecosystem of integrated fintech solutions.
Velmie Transforms Business Banking with New Core Platform
- 2 months 3 days ago
- Banking
Velmie proudly announces the launch of its Business Banking Platform, an advanced solution crafted to address the challenges of financial services providers and fintechs. The Platform is strategically designed to extend the IT infrastructure of banks and fintechs, enabling them to broaden their product offerings and increase their revenues.