EBA Stress Test Confirms Nordea’s Resilient Capital Position
- 2 years 8 months ago
- Banking
On 30 July 2021 the European Banking Authority (EBA) published the results of the EU-wide stress test conducted in cooperation with the European Systemic Risk Board (ESRB), the European Central Bank (ECB) and the European Commission (EC). The forward-looking analysis covers the period 2021-23 and considers the resilience of financial institutions to adverse economic shocks.
EBA Reports on Outcome of 2021 EU-wide Stress Test
- 2 years 8 months ago
- Banking
ING Group was subject to the 2021 EU-wide stress test conducted by the European Banking Authority (EBA), in cooperation with the European Central Bank (ECB), the European Systemic Risk Board (ESRB) and De Nederlandsche Bank. ING Group notes the announcements made today by the EBA on the stress test and fully acknowledges the outcomes of this exercise.
Banking Competition Remedies Ltd (BCR) Publishes Progress Updates on Public Commitments from Pool E Capability and Innovation Fund Recipients
- 2 years 8 months ago
- Banking
The Board of Banking Competition Remedies Ltd (BCR) today publishes progress updates for Pool E recipients, providing a summary of performance against their public commitments to the period 31st May 2021.
Joanna Koskinen Appointed New Employee Representative of the Board of Directors of Nordea Bank Abp
- 2 years 8 months ago
- Banking, People Moves
Kari Ahola, an ordinary member of the Board of Directors of Nordea Bank Abp appointed by the employees of the Nordea Group, will resign from the Board on 31 July 2021. The employees of the Nordea Group have appointed Joanna Koskinen as an ordinary member of the Board of Directors as of 1 August 2021 until the end of the next Annual General Meeting.
Allica Bank Loan Enables £900K Site Purchase for My Car Import
A six-figure commercial mortgage from Allica Bank has supported the UK’s leading vehicle importing company in acquiring a new £900,000 operating site to satisfy the increasing demand for its services.
New Research Reveals 71% of Digital Bank Customers, 64% of Traditional Bank Customers and 73% of Fintech App Customers In the United Kingdom Want Embedded Insurance Offers Based on Transaction Data
A recent survey of 527 bank customers in the United Kingdom from Momentive.ai (the research company of SurveyMonkey), commissioned by Cover Genius, sought to understand how customers of banks, neobanks and other fintech apps would react to embedded insurance offers based on real time transaction data. It asked the following:
Total Expert Expands Platform Capabilities to Modernize the Customer Experience for Banks and Lenders
- 2 years 8 months ago
- Banking
Total Expert, the CRM and customer engagement platform purpose-built for the financial services industry, today released an expanded platform, complete with powerful integrations and innovative product updates within Total Expert.
Economy Minister Awards Contract for Delivery of High Street Scheme
Economy Minister Gordon Lyons has announced the contract for the delivery of the High Street Scheme (HSS) has been awarded to Prepaid Financial Services (PFS). TThe £145million scheme will give everyone aged 18 and over in Northern Ireland a Mastercard pre-paid card worth £100 to spend on their local high street. It is planned that the registration process will open to the public in September.
Standard Chartered and Northern Trust Announce Zodia Custody Receives FCA Registration
- 2 years 8 months ago
- Banking
Standard Chartered and Northern Trust Announce Zodia Custody Receives FCA Registration
Wolters Kluwer FRR Announces Varo® Bank as OneSumX for Regulatory Reporting customer
- 2 years 8 months ago
- Banking, Compliance, Risk Management
Wolters Kluwer Finance, Risk and Regulatory Reporting (FRR), today announces Varo® Bank, N.A. as a new customer.
Econombank Migrates To Compass Plus To Ensure Fast And Secure MIR Card Processing
Econombank, the largest bank in the Saratov region of Russia, has migrated its card processing business to the Compass Plus Processing Centre. The two companies worked closely together throughout the migration process, ensuring a smooth transition and the non-stop operation of the bank’s services. By utilising Compass Plus Processing Centre infrastructure, Econombank can now issue its customers with MIR cards. The cards can be used to make fast... more
RemitONE Integrates With Vyne For Fast, Cost-Effective Money Tansfers
Integration offers 100+ remittance businesses access to Vyne’s Open Banking payments platform Vyne, the specialist account-to-account payments platform, today announces its integration with the leading global, technology and business services firm for the remittance world, RemitONE.
Klarna Launches £3M Support Package and Accelerator Program to Support SME Recovery
- 2 years 8 months ago
- Payments, Banking, IT Innovations
Klarna today launches a £3m Small Business Support Package to help 100 retail SMEs get back on their feet As new research reveals 46% of SME owners’ main priority is to simply survive next six months with 38% worried that their business won't survive the pandemic Personal toll is clear with 44% of senior managers feeling COVID related business struggles have negatively impacted their mental health
Silkbank Goes Live with Temenos Infinity to Supercharge Digital Banking in Pakistan
- 2 years 8 months ago
- Management, Banking, Islamic Finance
Pakistan’s Silkbank reimagines digital banking for retail and business customers with AI-powered Temenos Infinity to accelerate adoption, build engagement and drive market growth Digital banking powered by Temenos Infinity will help Silkbank to attract and retain customers and drive customer growth
New Research Finds That More Than Three Quarters of Financial Organisations in the UK are Unprepared to React and Adapt to Unforeseen Challenges
nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today revealed new research on the views of senior executives within financial institutions on their ongoing digital transformation journeys. All surveyed executives plan to increase spend or volume of digital transformation projects over the next 12 months, highlighting the importance for the sector.
