IsDBI Begins Development of Islamic Finance Knowledge Pavilion Marketplace
- 3 months 3 weeks ago
- Islamic Finance
The Islamic Development Bank Institute (IsDBI) has kicked off the development of the pioneering Islamic Finance Knowledge Pavilion Marketplace. The Pavilion will provide a digital marketplace of validated solution providers (institutions, consultants, and experts) in Islamic finance and economic development, and offer a one-stop shop for listing opportunities and seamless digital experience in the matchmaking of suppliers and customers.
Citi Appointed as Depositary Bank for ZKH Group Limited ADR Program
- 4 months 3 days ago
- Banking
Citi’s Issuer Services, acting through Citibank, N.A., has been appointed as the depositary bank by ZKH Group Limited (“ZKH”), a leading maintenance, repair, and operations ("MRO") procurement service platform in China, to act as Depositary Bank for its American Depositary Receipt (“ADR”) program.
Development Bank Based in Oman Selects Newgen Technology to Streamline Banking Processes and Deliver Transformed Experience
- 4 months 4 days ago
- Banking
Newgen Software, a global provider of low-code digital transformation platforms, announced that the Development Bank (DB) selected Newgen to streamline its Banking Processes and Deliver Transformed Experiences.
bunq Becomes the First AI-powered Bank in Europe as it Unveils its Own GenAI Platform
- 4 months 5 days ago
- Mobile Banking
bunq, the second largest neobank in Europe, launches Finn, a GenAI platform available to all its users. Effectively replacing the search function on the app, Finn will enable bunq users to live the life they want, with help of bunq: plan their finances, better budget, navigate the app, easily find transactions and much more.
CFPB Orders U.S. Bank to Pay $21 Million for Illegal Conduct During COVID-19 Pandemic
- 4 months 5 days ago
- Banking
The Consumer Financial Protection Bureau (CFPB) today ordered U.S.
Key Trends Set to Shape Fintech Throughout 2024.
- 4 months 1 week ago
- Artificial Intelligence, Banking
Innovations in fintech continued to evolve over the course of 2023. Leading into 2024, Gen Z continues to lead the way with fintech service adoption as digital wallet use surges, and the adoption of AI advances the industry.
Mobey Forum Highlights Strategic Opportunities for Banks in Embedded Finance
- 4 months 1 week ago
- Banking
A new report published today by Mobey Forum’s Payments Expert Group has identified the unique growth drivers and opportunities that embedded finance offers financial institutions.
illimity Adheres to United Nations Principles for Responsible Banking
- 4 months 1 week ago
- Banking
illimity Bank S.p.A., signed the UN Principles for Responsible Banking (PRB), one of the most important sustainability frameworks in the financial sector. The PRB has 338 signatories worldwide, representing approximately 54% of global banking assets, as well as $ 98.7 trillion in total assets.
Qatar’s Lesha Bank Migrates to Latest Temenos Banking Platform
- 4 months 1 week ago
- Banking
Temenos today announced that Lesha Bank, an investment bank based in Qatar has migrated to the latest Temenos core banking platform to enhance its wealth management and investment banking services. The move enables Lesha Bank, a long-standing Temenos client, to get to the modern API-driven, cloud-native technology and to have access to the latest banking capabilities from Temenos and the Exchange ecosystem.
NCR Atleos Shares 2024 Banking Trends to Watch
- 4 months 1 week ago
- Banking
Consumer preferences continue to shift at a rapid pace, and banks and credit unions are being challenged to adapt. In addition to evolving customer expectations, institutions across the globe face lingering economic pressures that make driving efficiencies and optimizing processes a significant priority. These factors are creating both challenges and opportunities as we look to a new year. Experts from NCR Atleos today shared the following... more
PXP Financial Named Fintech Power 50 Trailblazer
- 4 months 2 weeks ago
- Banking
PXP Financial, the experts in global acquiring, payment, fraud and data analysis services, has been revealed as among the year’s top FinTech trailblazers by the Fintech Power 50.
Mambu Reveals Top Financial Trends Set to Shape the Industry in 2024
- 4 months 2 weeks ago
- Artificial Intelligence, Banking
Mambu, the
CFPB Orders Atlantic Union Bank to Pay $6.2 Million for Illegal Overdraft Fee Harvesting
- 4 months 2 weeks ago
- Banking
The Consumer Financial Protection Bureau (CFPB) today took action against Atlantic Union Bank for illegally enrolling thousands of customers in checking account overdraft programs. The CFPB found that Atlantic Union misled consumers who enrolled in this overdraft service by phone and failed to provide proper disclosures. The CFPB is ordering Atlantic Union to refund at least $5 million in illegal overdraft fees and pay a $1.2 million penalty to... more
HSBC Pioneers Quantum Protection for AI-powered FX Trading
- 4 months 2 weeks ago
- Banking
HSBC has become the first bank to pioneer quantum protection for AI-powered foreign exchange trading. As one of the world's largest foreign exchange providers, HSBC is leading the way in exploring how quantum cryptography can safeguard highly sensitive trading data against possible cyber threats as powerful as future quantum attacks.
Lucinity Estimates $27 Billion Annual Savings for Banks Through Generative AI Upskilling
- 4 months 2 weeks ago
- Artificial Intelligence, Banking
Lucinity, the leader in AI for financial crime prevention, estimates that the recent advancements in generative AI can save the banking industry $27 billion annually in training and staff costs. Generative AI has the potential to significantly enhance the skills of less-experienced workers, improve the quality of their output, and result in substantial cost savings for the banking sector.
