Al Baraka Banking Group overhauls Islamic core banking systems with iMAL
- 7 years 8 months ago
- Banking
Al Baraka Banking Group (ABG), a leading international Islamic banking group and one of the largest Islamic banking players in the world, today announced that it has opted for Path Solutions’ iMAL, the multi-award winning Islamic core banking system. ABG runs a number of Islamic core banking systems. iMAL was selected to be the new Islamic core banking system in four of its subsidiaries, in addition to its newly established subsidiary in Morocco.
Commerzbank and HSBC Transaction Services GmbH agree strategic partnership for securities settlement
- 7 years 8 months ago
- Banking
- Commerzbank's securities settlement operations will be transferred - Cost savings and simpler processes tie in with "Commerzbank 4.0" strategy - Due to go live by early 2020, once migration is complete
Aspect Software Calls for Better Relationships Between Banks and Authorities to Combat Cyber-crime
According to Megan Butler, a Director at the Financial Conduct Authority (FCA), financial services firms and banks in the UK are not reporting successful cyber-attacks.
Fidor Bank: Predictions For 2018
1. Payment Services Directive (PSD2) Finally Goes Live “It has has been a long road to PSD2, given that it was approved in November 2015 by the Council of the European Union. However, it will finally be coming into force in January 2018 and that means that banks must open up their customer data to third parties on request - whether these third parties are their direct competitors, challenger banks or nascent fintech startups.”
Orange Bank Deploys Moneythor PFM App
- 7 years 8 months ago
- Banking
Moneythor, the financial technology company providing banks and fintech firms with a digital banking toolkit and data-driven personalisation engine, has been deployed by Orange Bank in its new all-in-one mobile banking service.
Itaú selects Temenos’ WealthSuite for its International Private Banking Business
- 7 years 8 months ago
- Banking
Temenos, the software specialist for banking and finance, today announces that Itaú Unibanco Holding SA (Itaú), Latin America’s largest banking group, has selected Temenos’ WealthSuite for its international private banking operations. The highly scalable solution combines Itaú’s core banking, portfolio management, channels and analytics functions in a single wealth management platform. The bank will deploy WealthSuite in the cloud enabling the... more
Path Solutions selected as a 2017 Red Herring Top 100 Global Winner
- 7 years 8 months ago
- Banking
Red Herring announced last week that it has named Path Solutions, the international specialist provider of Sharia-based financial software and services, to its Top 100 Global Winners list. This honor follows Path Solutions’ selection as a Red Herring’s Top 100 Asia Award Winner in 2017.
Money App Yolt Reaches 100,000 UK Users in Less Than Six Months
- 7 years 8 months ago
- Banking
Yolt, the money app owned by ING, has reached 100,000 registered app users in less than six months of Open Beta in the UK. Yolt allows users to view their accounts and credit cards in one place. Other features include setting budgets, tagging purchases and comparing the best options for international money transfers. With the launch of Open Banking just around the corner, Yolt’s rapidly growing user base suggests that consumers aren’t just... more
AL-Thiqa Islamic Bank Deploys ICS BANKS ISLAMIC System from ICSFS
- 7 years 8 months ago
- Banking
Amman, Jordan: ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that AL-Thiqa Islamic Bank has gone live on the multi-awards winning system ICS BANKS ISLAMIC. AL-Thiqa Islamic Bank chose ICS BANKS ISLAMIC to stay in the top of the list in this highly motivated banking market. the project was accomplished in a record break time of two months, the implementation... more
UK Banks Top 7 for AI
- 7 years 8 months ago
- Artificial Intelligence, Banking
Royal Bank of Scotland is closing 259 branches – one in four of its outlets – with an increasing amount of customers choosing to bank online or via mobile. The UK banking sector is unprepared to handle the potential disruption of AI that will ensue, compared to its neighbours in established markets, according to research by UBS. It is ranked seventh out of the top nine countries, behind the US, Spain, Japan and Hong Kong. The result points to a... more
RBS announces branch network changes
- 7 years 8 months ago
- Banking
Following a review of the RBS branch network a decision has been taken to close 62 Royal Bank of Scotland branches, and 197 NatWest branches. As a result of this process, there will be around 680 redundancies, and we will seek to manage this process on a voluntary basis.
Token Issues ‘Access Any Bank’ Declaration for PSD2 Data and Payments
- 7 years 8 months ago
- Banking
Turnkey open banking platform provider, Token, has pledged to connect banks, merchants and other third-party providers (TPPs) to any bank in the EU for PSD2 payment orders and account information requests.
The Group CNP Cyprus Insurance Holdings Ltd Selected IMSplus for Its Insurance Investment Management Operations
- 7 years 8 months ago
- Investment Management, Banking
Profile Software, an international financial solutions vendor, announced today that CNP Cyprus Insurance Holdings (CNP Cyprus) has selected the IMSplus solution to deploy, so as to effectively manage its assets and fund management requirements and achieve operational efficiency.
TECH FOUNDER AVID LARIZADEH DUGGAN TO JOIN NEW BOARD OF BARCLAYS BANK UK PLC
- 7 years 8 months ago
- Banking
Barclays Bank UK PLC, Barclays’ future ring-fenced bank, is pleased to announce that Avid Larizadeh Duggan, general partner at Google Ventures (GV), will be joining its new Board, subject to regulatory approval. Avid, who was recognised as a Young Global Leader by the World Economic Forum in 2016, has been heavily involved in tech ecosystem since 1998. Prior to GV, Avid co-founded Boticca, a global marketplace for independent brands of fashion... more
The Contextual Revolution Is Coming: iGTB Unveils Vision for Transaction Banking Future in Two New White Papers
- 7 years 8 months ago
- Banking
Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist, has launched two whitepapers outlining its vision of “contextual banking” – which sees banks use contextual data to provide clients with automatic and tailored recommendations via a digital platform. The papers argue such an approach will bring customer service to unprecedented highs – providing simple, one-click solutions for cash management and... more
