Banking

Finance Industry Receives Cheque Imaging Update at Annual Conference

Leading figures from a number of banks, building societies and other financial institutions have been provided with a valuable update on the progress of the new Image Clearing System (ICS) for cheques, twelve months since its introduction across the UK. Delegates heard a variety of presentations at the 4th Annual Cheque Imaging & Remote Deposit Capture Conference, held at Stationers’ Hall in London last Thursday (October 11). Read more »

UOB launches Southeast Asia's first Engagement Lab to meet the banking needs of the region's booming digital generation

United Overseas Bank (UOB) today announced the launch of its pan-regional Engagement Lab (eLab), which will enable the Bank to personalise the way in which it converses and serves its Digital Bank customers.  UOB's eLab is the first dedicated unit set up by a bank in Southeast Asia focused on using the latest technology and behavioural insights to deepen customer engagement. The Bank will set up eLabs across its network of ASEAN countries such... more Read more »

Starling Bank’s Anne Boden tops Payments Power 10 and other highlights from PayExpo 2018

Last week, banking, retail and gaming professionals attended the UK’s largest payments event, PayExpo 2018, at its new central venue close to London’s start-up community. Read more »

Wanfuteng Bank now live with Probanx CorePlus

iSignthis Ltd (“the Company”) is pleased to announce that its wholly owned subsidiary, Probanx Information Systems Ltd (“Probanx”) has completed integration with Wanfuteng Bank (www.wanfutengbank.com). Wanfuteng Bank, headquartered in Hong Kong and operating in Vanuatu, is now integrated with the Probanx CorePlus platform.  The CorePlus integration including the following features; • eBanking with Strong Customer Authentication, • Mobile Banking... more Read more »

Headquarters of Anglo-Gulf Trade Bank inaugurated by HRH the Duke of York, KG

The Headquarters of the Anglo-Gulf Trade Bank in Abu Dhabi, United Arab Emirates, was officially opened by His Royal Highness The Duke of York, KG on October 16, 2018. Anglo-Gulf Trade Bank will facilitate trade between the Middle East, United Kingdom and Asia.    Read more »

Capgemini WPR: Banks alone will be unable to master new digital payments ecosystem

Digital payments are experiencing a boom, driven by developing markets, according to the World Payments Report 2018 launched today from Capgemini and BNP Paribas.  Read more »

LHV selects Form3 to become a Member of UK Faster Payments

Form3, the cloud technology provider of Payments-as-a-Service for banks and regulated fintechs, today announced that fintech focused LHV Bank has selected Form3 to provide a fully managed service connecting the bank directly to the UK Faster Payments infrastructure. LHV will join the scheme as a Directly Connected Participant (Member) in 2019. Read more »

SWIFT Creates Financial Sector API Blueprint

SWIFT has today published a blueprint for common API standards following collaboration with European banking standards bodies, STET and Berlin Group NextGenPSD2 – who together represent many of the region’s banks and payment service providers As pressure from regulators and customers shift banking towards more open access to financial services, SWIFT is playing a lead role in unlocking the potential of API technology by providing the neutral... more Read more »

VSoft Announces New Interface Enhancements to Arya Digital Banking Platform

Arya, an intelligent, open architecture digital services platform for both retail and commercial account holders, announced today at the Jack Henry Annual Conference (JAC) the roll-out of new features including: a payment wizard, receipt capture, and an optimized user experience. Read more »

Global Supply Chain Finance Forum appoints Deutsche Bank's Christian Hausherr as Chair

The Global Supply Chain Finance Forum – an initiative comprising the ICC Banking Commission, BAFT, EBA, FCI and ITFA – has appointed Christian Hausherr, European Product Head of Supply Chain Finance at Deutsche Bank, as its Chair. The Global Supply Chain Finance Forum was established in 2014 to develop, publish and champion a set of commonly agreed standard market definitions for Supply Chain Finance – releasing theStandard Definitions for... more Read more »

Bank of Beirut Implements Wolters Kluwer’s IFRS 9 Solution

Bank of Beirut has implemented Wolters Kluwer’s OneSumX to provide its software for managing International Financial Reporting Standard (IFRS) 9. The accounting standard replaces the IAS 39 standard and came into effect at the start of the year. It addresses classification and measurement, impairment methodology and hedge accounting. Read more »

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 »

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