IDFC Bank Parnters with Backbase to Implement its Omni-Channel Digital Banking Platform
- 10 years 2 months ago
- Banking, Infrastructure
IDFC Bank has partnered with Backbase to implement its omni-channel digital banking platform. With this platform, IDFC Bank will be able to provide its products and services to customers through multiple channels synchronously, creating a single multimodal touch point.
CMA Analyzes the Pivotal Role of Digital in Banking’s Development
- 10 years 2 months ago
- Banking, Infrastructure
The recent Competition and Markets Authority report set out a vision of how technology can be used to inject competition to the £16 billion personal current account and small banking market. Challenger banks criticised the report, stating it focuses on the needs of the larger players who dominate the field, and not highlight other measures to increase competition and choice for customers. Global digital solutions provider Syntel believe that... more
Capital One Introduces Spark 401k
- 10 years 2 months ago
- Credit Cards, Banking
Capital One announced the launch of Spark 401k, providing low-cost, all-ETF 401(k) plans designed to empower business owners and their employees to invest for the future. Spark 401k is the latest addition to Capital One's small business solutions suite, which includes Spark Business' award-winning credit cards, best-in-class banking products, and payments and e-commerce tools.
CR2 and Nigeria’s Diamond Bank Team Up to Release ATM Banking in Nigeria
CR2 and Nigeria’s Diamond Bank have been working closely to raise the stakes in ATM banking in the country, having just released the next generation of ATM banking services into the market.
SAP SE Won the Asian Banker Technology Innovation Awards 2016
- 10 years 2 months ago
- Banking, IT Innovations
SAP SE announced that it won two awards at the annual Asian Banker Technology Innovation awards program. SAP won the award for the "Best Mobile Banking Project" in Indonesia for its work with BTPN Bank and the "Best Mobile Payment Project" award in Indonesia for its work with Bank Central Asia.
FICO Survey: Millennials 2 To 3 Times More Likely To Switch Banks
- 10 years 2 months ago
- Banking
FICO’s latest consumer research on why people switch banks found that Millennials (25-34 years-old), a group at the peak of financial services usage, are 2 to 3 times more likely to close all accounts with their primary financial institution than people in other age groups. The same demographic said they are twice as likely to close all accounts and switch banks this year than they were last year. This could drive a high amount of customer churn... more
CMA Implements New Reforms to Support Open Banking
- 10 years 2 months ago
- Banking
The final report of the Competition and Markets Authority’s (CMA) retail banking market investigation, published today, concludes that older and larger banks do not have to compete hard enough for customers’ business, and smaller and newer banks find it difficult to grow. This means that many people are paying more than they should and are not benefiting from new services.
Wells Fargo Increases Presence in Maine with New Office in Portland
- 10 years 2 months ago
- Banking
Wells Fargo & Company, the nation’s No. 1 lender to middle market companies, announced today that Portland will be home to its newest Middle Market Banking office, staffed with local, senior relationship managers who will serve Maine companies statewide. The Portland team will offer a full suite of commercial banking products and services, including commercial and real estate loans, treasury management, global banking, foreign exchange, and... more
Banks Cutting Business Lending Following Brexit Damaging SMEs
- 10 years 2 months ago
- Banking
Virgin Money’s announcement that it has shelved plans to move into business banking due to economic uncertainty following Brexit sent shockwaves through the banking and SME sector on Wednesday. This, coupled with a letter issued by Royal Bank of Scotland and NatWest to their 1.3 million business customers warning if the Bank of England reduces the already low (0.5%) base interest rate, businesses would be charged to deposit money at the bank,... more
Banking Industry Fights Back Against Cyber-Fraud
Cyber-attacks are a daily occurrence, with bank websites being one of the prime targets. An industry-led consortium of major banking associations is helping banks fight back with a new secure extension reserved exclusively for banks, appropriately called .BANK
SoftBank Releases Second Round of 'SoftBank Innovation Program'
- 10 years 2 months ago
- Banking, IT Innovations
SoftBank Corp. (“SoftBank”), a subsidiary of SoftBank Group Corp. (TOKYO:9984), today announced that it launched a second round for its ‘SoftBank Innovation Program’, a program that seeks a wide range of innovative solutions and technologies from around the world to consider for commercialization.
Frontier Bank Selects Banc Intranets' DirectorsLink
- 10 years 2 months ago
- Banking, Infrastructure
Banc Intranets, a provider of secure, web-based enterprise content management solutions for financial institutions, announced that Frontier Bank of Texas has selected DirectorsLink® web-based board portal to increase savings and strengthen director oversight.
Q2 Partners with MX Release Q2 Contextual Personal Financial Management
- 10 years 2 months ago
- Banking, Infrastructure
Q2 Holdings in partnership with MX, a pioneer in data-driven money management, today announced the release of its newest digital banking product, Q2 Contextual Personal Financial Management (PFM), an embedded banking experience
Token Opens Office in London to Answer Demand from European Banks
- 10 years 2 months ago
- Banking, Infrastructure
Token, Inc., a new crypto-payment network and API ecosystem that enables European banks to monetise their investment in PSD2, today announces the opening of a new office in London. Following Token’s launch in June, the new office has been quickly established in response to market demand from banks seeking to trial Token’s revolutionary digital payment rail.
GFT Collaborates with Saxo Bank in Execution of its Global Transformation Strategy
- 10 years 2 months ago
- Banking, Infrastructure
GFT, the global provider of advisory, business consulting, IT and software services to the financial services community, has announced a collaboration with Saxo Bank, a leading player in global online trading and investment.
