Paylater, the mobile app providing Nigerian consumers with access to credit, has reached 1 million downloads
In Nigeria, a country of nearly 200 million people, 61% of the adult population is un- or underbanked. Fintech companies like Paylater represent a tremendous opportunity to get formal banking services in the hands of Nigerian consumers to provide much needed liquidity for entrepreneurial investment, personal development, or unexpected expenses.
Barclays partners with leading fintech MarketInvoice
- 7 years 2 weeks ago
- Banking
High street bank to take strategic minority stake in MarketInvoice Barclays has today announced that it is partnering with leading fintech business MarketInvoice, Europe’s largest online invoice financing platform, in a deal that is set to transform the way small and medium enterprises (SMEs) in the UK manage cash flow and accelerate growth.
Intelenet Global Services: UK banks can’t become complacent despite upbeat forecast for second quarter
- 7 years 2 weeks ago
- Banking
As UK banks continue to report their interim results, the forecast remains positive for banking giants Royal Bank of Scotland (RBS) and Lloyds Banking Group. While the outlook is rosy, traditional lenders still face fierce competition from digital challenger banks, with 61 percent of smartphone owners opting to bank solely online.[1]
Sopra Banking supports Attijariwafa Bank's launch in Egypt
- 7 years 3 weeks ago
- Banking
Attijariwafa Bank Egypt and Sopra Banking Software announce successful completion of the bank’s global IT transformation. Following the acquisition of Barclays Bank Egypt, at the end of 2016, Attijariwafa Bank group has launched a major transformation programme with Sopra Banking Software, its long-term partner in over 20 countries, across Africa and Europe.
Ayeyarwaddy Farmers Development Bank in Myanmar Selects Infosys Finacle to Drive Innovation and Growth
- 7 years 3 weeks ago
- Banking
Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NYSE: INFY), and Ayeyarwaddy Farmers Development Bank, widely known as A Bank, a leading commercial bank in Myanmar, today announced the bank’s decision to adopt the Finacle solution suite to power the bank’s digital transformation.
Rabobank Selects ACI Worldwide to Modernise Card Portfolio Business
ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that Rabobank, a global multinational bank, will utilise ACI Issuer to modernise the management of its card portfolio business.
Bank of America Merrill Lynch Introduces Mobile App for Commercial Prepaid Cards
- 7 years 3 weeks ago
- Banking
Bank of America Merrill Lynch, a leader in Global Commercial Card solutions, today announced that it has launched a mobile application for cardholders of prepaid cards. The app launch demonstrates the bank’s commitment to making the lives of our clients and their cardholders easier by bringing new, digital capabilities to corporate and government clients and to their customers or beneficiaries.
EdgeVerve Systems Positioned As a Leader in the Gartner Magic Quadrant for Global Retail Core Banking
- 7 years 3 weeks ago
- Core Banking
Infosys Finacle, part of EdgeVerve Systems, a fully owned subsidiary of Infosys (NYSE: INFY), today announced that it has been positioned as a Leader in Gartner’s Magic Quadrant for Global Retail Core Banking1. Gartner evaluated 10 Core Banking solution vendors on 15 criteria spread across ‘Ability to execute’ and ‘Completeness of vision’. EdgeVerve Systems has been recognized as a Leader by Gartner for the 11th consecutive year.
Path Solutions takes top honors in three ACQ5 Global Awards
- 7 years 3 weeks ago
- Islamic Finance
Path Solutions is pleased to announce that Mohammed Kateeb, the company’s Group Chairman & CEO received the highly coveted recognition for ‘Gamechanger of the Year (Islamic Financial Technology)’, while the company was awarded ‘Core Banking System Provider of the Year (Islamic Finance) – International’ for the 5th time, and its ground-breaking technology solution for financial inclusion iSHRAQ*Microfinance named ‘Sharia-Compliant... more
ICS BANKS Auto Collection System
- 7 years 3 weeks ago
- Banking, Risk Management
ICS BANKS Auto Collection System is a robust collections software solution that is introduced to reduce and mitigate risk of managing past due or delinquent accounts. This automated system monitors the customer’s accounts which have unpaid arrears in order to track any amount that becomes available, and blocks it against these arrears, before being drawn or used by the customer.
Venture in Italy: FinLeap becomes even more international with "Beesy"
- 7 years 3 weeks ago
- Banking
FinLeap founds its first company in Italy, supported by Fabrick as lead investor. Beesy is a digital financial management solution for small businesses and freelancers. Ramin Niroumand, CEO of FinLeap: "With Beesy we are taking a new step and founding our first Fintech company outside of Germany".
Sumitomo Mitsui Trust Bank (U.S.A.) Adopts DTCC Alert GC Direct To Efficiently Manage Settlement Process
- 7 years 3 weeks ago
- Banking, Infrastructure
The Depository Trust & Clearing Corporation (DTCC), the premier post-trade infrastructure for the global financial services industry, today announced that Sumitomo Mitsui Trust Bank (U.S.A.) Limited (SuMi TRUST USA) has become the first Japanese global custodian to go live on the ALERT Global Custodian Direct (GC Direct) workflow.
The ID Co Unveils Open Banking API Platform
The ID Co. is excited to announce the launch and immediate availability of the Open Banking API Platform with full support for all of the leading UK banks.
Growth Street joins the Starling Bank Marketplace
- 7 years 1 month ago
- Banking
Starling Bank, the mobile-only bank, and Growth Street, the peer-to-peer business lender, are joining forces to give the nation’s five million small business owners better access to the flexible finance they need to prosper and grow. Growth Street will be the first SME finance provider to go live on Starling’s in-app Marketplace, which gives users access to a range of services from pensions to insurance to loyalty schemes. The Starling... more
Nordea Half-year Report 2018
- 7 years 1 month ago
- Banking
Second Quarter Results 2018 CEO Casper von Koskull's comments on the results: "This quarter we have started to see our efforts to increase customer satisfaction bearing fruit and we see signs of improving momentum across our various businesses among both corporate and household customers. We are delivering on cost, compliance, capital and credit quality, which is the foundation for continuing to be the stable, safe and trusted banking partner of... more
