Banks will reign supreme in the battle against fintech giants
- 6 years 11 months ago
- Banking
Asia-Pacific (APAC) is leading the world in the adoption of digital banking due to consumers’ constantly evolving demands, combined with the unbanked potential and benign regulation. Non-traditional challengers such as Ant Financial and Tencent are shaking up the market. Temenos argues that in the battle between banks and fintech giants, banks that embrace digital transformation will emerge as champions.
TransPecos Banks Selects NYMBUS to Launch BankMD.com
- 6 years 11 months ago
- Banking
NYMBUS, the world’s most advanced revenue and technology solutions company, today announced TransPecos Banks has selected NYMBUS SmartLaunch to outsource the operation of its new digital bank brand, BankMD. Already serving its established banking customers throughout three regional locations in West Texas, SmartLaunch supports TransPecos Banks’ latest business transformation strategy to stand up a separate digital brand for expanding its digital... more
Lombard Risk, a Vermeg Company, Announces Support of Resolution Planning Reporting and the latest Bank of England Updates
- 6 years 11 months ago
- Banking, Infrastructure
The Bank Recovery and Resolution Directive (BRRD) has been in effect for some time but this will now be accompanied by reporting obligations to both EBA and PRA. EBA ‘Z’ templates – applicable to all current BRRD firms – and PRA MRL templates – applicable by notification from the Regulator – are both effective as at 2018 year-end and are supported in Lombard Risk’s Regulatory Reporting platform. The return templates will, of course, be supplied... more
The Digital Transformation of Banking - Driving Constructive Economic Outcomes from the FinTech Ecosystem in Africa
- 6 years 11 months ago
- Banking
The unique environment for financial services in Africa is fertile ground for innovative FinTech players who are not only disrupting but also building it from the scratch which is bringing Financial inclusions and attracting other investments across the continent.
Assetz Capital celebrates success with cashback offer
- 6 years 11 months ago
- Alternative Finance
Leading peer-to-peer business lender, Assetz Capital, has launched a new promotion which rewards its investors with a 1% or 2% cashback bonus on newly lent funds. To benefit from the cashback offer investors simply need to invest new cash and leave it on the platform until 17th December 2018 – resulting in a 1% cash back on those funds – and if they leave those funds invested until 17th June 2019 they will receive an additional 1% cash back.... more
B-Hive joins forces with Projective for international expansion
- 6 years 11 months ago
- Banking
The official collaboration between Projective and B-Hive has been launched at the festive opening of banking services provider Projective’s new offices. Projective, which already has a significant international footprint and offices in Frankfurt, Amsterdam, London, and Paris, will become B-Hive’s associate partner and assist them in expanding their fintech innovation platform at an international level. Belgium is at the cutting edge of... more
Compass Plus Announces Global Expansion of Processing Business
Compass Plus, an international provider of electronic payments and retail banking software to processors and financial institutions, has announced the global expansion of its processing business with its fully compliant, Mastercard and Visa certified UK-based processing centre.
Barclays Announces Two Senior Transaction Banking Hires
- 6 years 11 months ago
- Banking, People Moves
Barclays has hired James Binns and Robin Terry into senior roles in its Transaction Banking business, in a move to boost its Corporate Banking operations in the UK, across Europe and globally.
Fewer Than Half of Banks Ready to Deal with Impact of FRTB by 2022: IHS Markit Survey
- 6 years 11 months ago
- Banking
Avaloq upgrades open software architecture designed to make banks more agile
- 6 years 11 months ago
- Banking
Avaloq, the leading global provider of software as a service (SaaS) and business process as a service (BPaaS) solutions to banks and wealth managers, has upgraded its open software architecture. The key components of Avaloq’s new software architecture are self-contained systems that banks and wealth managers can easily adopt individually. Avaloq’s clients will benefit from greater business agility and scalability, improved time-to-market and... more
Banks turn to technology innovation, as global regulation continues to increase KYC complexity for 75 percent of compliance and correspondent banking professionals
- 6 years 11 months ago
- Banking, Compliance, AML and KYC
The annual Accuity Financial Counterparty KYC Survey has revealed that 75 percent of senior compliance and correspondent banking professionals have encountered added complexity in interpreting and adhering to local legislation.
Assetz Capital Rewards Investors with New Refer-a-friend Scheme
- 6 years 11 months ago
- Alternative Finance
Leading peer-to-peer business lender, Assetz Capital, is launching a refer-a-friend scheme designed to reward its new and existing investors. The scheme, which is exclusively available now to all Assetz Capital existing investors, pays £75 when they recommend a friend or family member who goes on to invest £1,000 or more. As well as this, the new investor will receive a £50 cash bonus after just 12 months on the platform if they continue to... more
Open Banking Expo announces former Google UK MD and an Open Banking visionary as keynote speakers
- 6 years 11 months ago
- Banking
Open Banking Expo has today announced the appointment of two fintech heavy-weight speakers for its morning and afternoon keynote sessions. Google’s renowned former managing director is confirmed as the morning keynote, who will offer a unique insight on the future of Open Banking. Now MD, Fintech at Blenheim Chalcot, Dan Cobley has always been ahead of the technology curve and his appointment will empower delegates in their Open Banking journeys.
Saxo Bank Welcomes Geely Holding Group and Sampo plc as Strategic Investors and Announces New Chairman and Board Members
- 6 years 11 months ago
- Banking
In October 2017, shareholders of the Saxo Bank Group ("Saxo”) announced an offer received from Geely Financials Denmark A/S, a subsidiary of Geely Holding Group, to acquire a majority stake in Saxo Bank. At the same time, Sampo, a leading Nordic financial services group, made an offer to acquire a 19.9 percent interest in the Bank.
Nordea brings open banking to Sweden
- 6 years 11 months ago
- Banking
Nordea takes a major step by extending Open Banking to Sweden. This gives developers the possibility to begin building applications designed for both Finnish and Swedish customers. “We see open banking as a huge opportunity to create better financial solutions”, says Casper von Koskull, CEO of Nordea.
