Implementation of Partnership Between Alif Bank and Visa Strengthen Cashless Payment Development in Tajikistan
- 3 years 7 months ago
- Banking
Alif to issue debit and premium Visa cards for Tajikistani residents Alif Bank has accomplished the first stage of its partnership with Visa with the issuing of debit and premium Visa cards for Tajikistani residents. Tajikistani fintech will be using the Visa payment network to roll out its suite of financial products and services over the coming years.
Quantile to be Acquired by London Stock Exchange Group Plc
- 3 years 7 months ago
- Banking
Quantile Group Ltd (Quantile), a leading provider of portfolio optimisation services for the global financial markets, today announces that it is to be acquired by London Stock Exchange Group plc (LSEG). The acquisition will enable Quantile to continue to deliver its market leading services and will accelerate product development, the launch of new services and expand its network to better serve its clients.
Ecospend Partners with London Mutual Credit Union to Empower Customers Through ‘pay-by-bank’ Services
The partnership will improve London Mutual’s services by creating a frictionless journey for customers, providing the option to make payments directly from their accounts.
ING Reports Outcome of 2021 EU-wide Transparency Exercise and Risk Assessment Report
- 3 years 7 months ago
- Banking
ING notes the announcements made today by the European Banking Authority (EBA) and the European Central Bank (ECB) regarding the information of the 2021 EU-wide Transparency Exercise and Risk Assessment Report. Background EU‐wide Transparency Exercise The EBA Board of Supervisors approved the package for the EU‐wide Transparency Exercise, which since 2016 is performed on an annual basis and published along with the Risk Assessment Report (RAR).
From Ocean Plastic Waste to Payment Cards
- 3 years 7 months ago
- Payments, Credit Cards, Banking
At least 14 million tons of plastic end up in the world's oceans every year. The globally difficult situation is improved by collecting plastic waste from oceans and coastal areas and reusing it. As the first in Finland, the Savings Banks Group will offer its customers an option to have their debit or credit card made from ocean plastic. TietoEVRY manufactures, personalises and delivers payment cards to the Savings Banks’ customers.
nCino Reports Third Quarter Fiscal Year 2022 Financial Results
• Total Revenues of $70.0M, up 29% year-over-year • Subscription Revenues of $57.1M, up 32% year-over-year • Signed Definitive Agreement to Acquire SimpleNexus after Quarter Close nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced financial results for its third quarter of fiscal year 2022 ended October 31, 2021.
Tinkoff Named Russia’s Bank of the Year by The Banker Magazine
- 3 years 7 months ago
- Banking
Tinkoff has been named Bank of the Year in Russia at the Bank of the Year Awards 2021, organized by The Banker, a leading international finance publication which is part of the Financial Times Group. The award, regarded as the industry standard for banking excellence, highlights those institutions that have stood out among peers in terms of performance, strategic initiatives, and response to the Covid-19 pandemic.
Barclays Reveals Pitfalls of Unregulated BNPL Agreements for Christmas Shoppers, with Two in Five Users Unclear what they’re Signing Up to
36 per cent of ‘buy now pay later’ (BNPL) users do not fully understand the consequences of missing repayments
73% Users are Ready to Manage their Finances Completely Digitally
- 3 years 7 months ago
- Banking
The analysts at UnaFinancial, a global fintech holding, surveyed current client experience with digital consumer lending services. With the satisfaction rate of the audience being high, the customers are ready to comprehensively master digital finance. The current satisfaction of the survey respondents is very high. 87% said they were definitely/likely satisfied with digital lending services. Half of the customers already use instant transfers,... more
Sovcombank Reports IFRS Net Profit of RUB 41 Billion for 9M 2021
- 3 years 7 months ago
- Banking
Business diversification and effective integration of acquired assets enabled the Bank to double its net profit compared with the same period of 2020. Key results:
Tyl by NatWest Finds Average Transaction Value Increased by £8 Following the New £100 Limit
- 3 years 7 months ago
- Banking
Ahead of Small Business Saturday (4th December) data from Tyl by NatWest, an SME payments provider, has shown SME’s transaction values increased by £7.85 on average since the new £100 contactless limit came into effect on October 15th. Analysing data by key seasonal sectors, those in the floristry industry benefited from an average transaction value rise of £19 from £31 to £50. The clothing retail industry saw an average value rise of £6 from £... more
SEBA Bank Launches Cross Asset Platform for Actively Managed Certificates (AMCs) on Crypto and Blend Portfolios through GenTwo Digital’s Securitization Infrastructure
- 3 years 7 months ago
- Asset Management, Banking
GenTwo Digital and SEBA Bank have strengthened their strategic cooperation as preferred partners. This collaboration of two leaders - recently recognized by LinkedIn as Top Startups 2021 in Switzerland - in the digital asset space provides the market with premium solutions in this emerging asset class Backed by SEBA Bank’s comprehensive asset management expertise, blended AMCs - crypto and traditional - are a new addition to the AMC landscape
Temenos Accelerates Momentum in North America and Relocates Regional Headquarters to New York
- 3 years 7 months ago
- Banking
New Manhattan office establishes Temenos at the center of banking Temenos, the banking software company, today announced that it has relocated its North American headquarters to the Helmsley Building on Park Avenue in New York City.
SIFMA, ICI and DTCC Lay Out Path to Shorten U.S. Securities Settlement Cycle to T+1 by First Half of 2024
- 3 years 7 months ago
- Investment, Banking
New report details changes market participants need to consider and implement to move to T+1 The Securities Industry and Financial Markets Association (SIFMA), the Investment Company Institute (ICI), and The Depository Trust & Clearing Corporation (DTCC) today published a report targeting the first half of 2024 to shorten the U.S. securities settlement cycle from trade date plus 2 days (T+2) to trade date plus one day (T+1).
SunTec Business Solutions and Mambu Partner to Help Banks Deliver Personalized Pricing and Benefits at Scale
- 3 years 7 months ago
- Banking
SunTec’s specialized revenue management solution to integrate with Mambu’s cloud banking platform; allowing banks to orchestrate exceptional customer experiences SunTec Business Solutions and Mambu announced a partnership with plans to integrate its complete revenue management solution with Mambu’s cloud banking platform.
