Banking

Open banking beginning to excite consumers but data security fears persist

8 years 2 weeks ago
Banking, Compliance, Regulatory Standards

With less than six months to go until the introduction of the Second Payment Services Directive (known more commonly as PSD2), new research from Intelligent Environments, a leading provider of innovative financial services technology, has revealed that the clear majority of consumers (89 per cent) are unaware of how this change will affect them.

Banks Latest Earnings - Rethinking Profitable Avenues to Compete with New Entrants

8 years 2 weeks ago
Banking

The bank results out this week show the impact of regulatory changes, evolving customer behaviour and new players entering the sector on their quarterly earnings. Disruptive shifts in labour movements caused by Brexit are making access to talent and expertise a key focus for financial services. The upcoming PSD2 regulation also adds a new dimension to the digital competition which banks face.

Cennox acquires the European division of 3SI Security Systems

8 years 2 weeks ago
Banking

Cennox, the global supplier of Banking Solutions, has completed the successful acquisition of 3SI Security System’s European Division. The deal, which was signed on the 25th July 2017, will enable Cennox to further support their European clients. This acquisition follows almost two years of their hugely successful exclusive 3SI Distributor agreement, covering the UK & Ireland, that started in October 2015.

Citi Collaborates with Cornell Tech

8 years 3 weeks ago
Banking

Citigroup Inc. (“Citi”) today announced a collaboration with Cornell Tech, the revolutionary graduate institution, to engage with Cornell University students, faculty, researchers, startups and other companies, and create closer ties between academia and industry.'

Nucleus Software Connects Loan Collecting App to India's Unified Payments Interface

8 years 3 weeks ago
Banking

Nucleus Software, the leading provider of lending and transaction banking solutions to the global financial services industry, today announced the extended digitization capability of its lending mobility solution (FinnOne Neo mCollect) which can now be used for Unified Payments Interface (UPI) based direct fund transfers.

BOND Goes Live on ICS BANKS® from ICS Financial Systems

8 years 3 weeks ago
Banking

Ghana, Africa: ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that BOND Savings & Loans Ltd, has gone live on its awards winning universal banking solution ICS BANKS.

Belarus National Bank Establishes Blockchain Network

8 years 3 weeks ago
Banking

The information network based on the blockchain technology was built up in the Republic of Belarus

Emirates NBD Debuts FaceBanking on Revamped Online Banking Platform

8 years 3 weeks ago
Banking

Emirates NBD, a leading banking group in the region, today launched FaceBanking, a first-to-market service that will offer the bank’s customers instant video and live chat with advisors on its revamped Online Banking platform as well on the Mobile Banking App.

iMAL selected ‘Best Sharia-Compliant Banking Solution’ at The Systems in the City Awards 2017

8 years 3 weeks ago
Banking, Islamic Finance

Path Solutions is the first-ever Arab company to win a Goodacre UK’s award Path Solutions, a leading provider of Islamic banking software solutions and services has received the ‘Best Sharia-Compliant Solution’ award at The Systems in the City Awards 2017.

Klarna Gets Permira Investment

8 years 3 weeks ago
Banking

Klarna Bank AB is pleased to announce that an investment partnership advised by Permira will acquire a strategic equity stake in the company.

First Direct Launches Native Apps

8 years 3 weeks ago
Banking

first direct is launching two new ‘native’ Apps specifically designed and built inhouse for iOS and Android customers. The Apps have been developed in conjunction with customer feedback and are now completely ‘native’ – meaning their look and feel follows the design standards of both operating systems and offers the best possible customer experience. The Apps are now live on iOS and Android, available from the apple store and Google Play Store.

Swiss FinTech Flynt Gets Banking Licence

8 years 3 weeks ago
Banking

Flynt becomes the first Swiss fintech company to obtain a banking-license from FINMA and operates now under Flynt Bank AG. The resolution was registered at the Commercial Register of the Canton of Zug on 21 July 2017 and will be published in the next days. The banking-license allows FLYNT the required independence to approach Wealth Man- agement in new ways and using innovative technologies, thus enabling private and institutional clients,... more

LendKey Closes Series C Round

8 years 3 weeks ago
Banking

LendKey, the leading lending-as-a-service solution for banks and credit unions, today announced $13 million in Series C funding, $8 million in equity and $5 million in debt financing. North Atlantic Capital, based in Portland, ME, led the round with participation from each of LendKey's existing investors including DFJ, Updata Partners, Gotham Ventures, and TTV Capital.