Banks in APAC are Losing Out to New Customers Due to Slow Transformation, 10x Banking Finds as They Announce Expansion Plans in the Region
- 1 year 11 months ago
- Banking
10x Banking (10x), the global, cloud-native core banking platform, today announced its plans to accelerate the company’s growth in APAC fuelled by a landmark study revealing that a third of banks in key markets across the globe are losing large numbers of their customer base to rivals due to slow transformation.
Monese’s XYB selects Paymentology to Power it’s Coreless Banking Platform
- 1 year 11 months ago
- Banking
Paymentology, the leading global issuer-processor, today announces its strategic global partnership with Monese’s XYB, an end-to-end ‘coreless’ banking platform provider, launched in May 2023, and poised to shake up the banking industry.
Empowering Corporate & SME Clients in Saudi Arabia: Another Banking Giant Embraces iGTB's Digital Transaction Banking Solution
- 1 year 11 months ago
- Banking
Intellect Global Transaction Banking (iGTB), the transaction banking specialist from Intellect Design Arena Limited, ranked #1 in the world for Transaction Banking by IBS Intelligence, announced that another leading bank in the Kingdom of Saudi Arabia, has chosen iGTB's Digital Transaction Banking (DTB) powered by eMACH.ai architecture to automate and elevate their transaction banking offering.
Profile Software Announces an Extension to its Relationship with Allica Bank
- 1 year 11 months ago
- Banking
Profile, a leading financial solutions provider, has announced the extension of the term of its contract with Allica Bank, which has been based on the strong relationship and fruitful collaboration between the two parties.
Topicus and Five Degrees Disrupt the Financial Industry with Cutting-edge Banking Technology Stacks
- 1 year 11 months ago
- Banking
Following the successful acquisition of Five Degrees by Topicus, the combined force will offer turn-key banking tech-stacks that challenge technology providers incumbent to the sector. Topicus and Five Degrees vocalized their ambition at the Five Degrees offices during a recent networking event. The event featured Sabyasachi Sengupta of ABN AMRO Bank as keynote speaker and Topicus CEO Daan Dijkhuizen elaborating on the strategic direction.
Core Banking Platform: a Significant Lever for Innovation
- 1 year 11 months ago
- Core Banking
Process Oriented Core Banking (POBC), or Core Banking Platforms, represents the latest generation of core banking solutions. Developed over the last few years, they offer financial institutions the opportunity to take full advantage of the digital revolution by meeting the scalability needs of the industry.
AlHuda CIBE and FDO Signed an Agreement to Set Up Islamic Microfinance Window Operation
- 1 year 11 months ago
- Islamic Finance
AlHuda Centre of Islamic Banking and Economics (CIBE) and Farmers Development Organization (FDO) have signed an agreement to establish an Islamic microfinance window operation. The agreement was signed by Mr. Muhammad Zubair, CEO of AlHuda CIBE and Mr. Ghulam Mustafa, CEO of FDO. The Islamic microfinance window will provide financial services to low-income and marginalized communities in Pakistan.
Canadian Tire Bank Expands Relationship with Temenos and Moves to Temenos Banking Cloud
- 1 year 11 months ago
- Banking
Temenos today announced that Canadian Tire Bank (CTB), the financial arm of Canadian Tire Corporation (CTC) – one of the largest Canadian retail companies – will adopt Temenos Banking Cloud to accelerate its core modernization.
Alternative Financing Market Revenue to Reach $40B by 2032
- 1 year 11 months ago
- Alternative Finance
As per the report by Global Market Insights, Inc. “Worldwide Alternative Financing Market was valued at USD 10 billion in 2022 and will surpass a revenue collection of USD 40 billion by 2032 with an annual growth rate of 15% over 2023 to 2032.”
Euromoney Names Santander “Best Bank in the World” for SMEs, Financial Inclusion and Emerging Markets
- 1 year 11 months ago
- Banking
Santander has received three global awards for the first time at the 2023 Euromoney Awards for Excellence: ‘World’s Best Bank for SMEs’; ‘World’s Best Bank for Financial Inclusion’ and ‘World’s Best Bank for the Emerging Markets’.
Sonovate Adds New Tech Capabilities, Introducing Automation Tools to Help Recruitment Businesses Boost Operations
- 1 year 11 months ago
- Alternative Finance
Sonovate, the leading provider of embedded finance and payment solutions for the contingent workforce, has expanded its offering with the addition of a new solution to automate back and middle office tasks for recruitment agencies of all sizes.
Qualtik and Linedata Join Forces to Empower the Banking Industry
- 1 year 11 months ago
- Banking
Linedata, a global provider of asset management and credit technology, data, and services, announces today its strategic partnership with Qualtik, a US-based provider of stress testing tools for commercial loans. This collaboration marks a significant step towards empowering banks to effectively manage risk and gain valuable insights, enabling them to optimize resources and navigate challenging times successfully.
Digital Transformation a Defining Factor in Banks’ Employee Retention and Future Stability, New Study Reveals
- 1 year 11 months ago
- Banking
Banks’ digital transformation progress is vital to the retention of their product teams, it has been revealed, with 94% of product managers admitting they would leave their current position to work for a competitor bank with better technology and 92% claiming they would leave for a bank with more ambitious transformation goals.
Leeds Building Society Selects Apprivo² Core Banking Originations Platform in Latest Partnership for finova
- 1 year 11 months ago
- Core Banking
finova the UK's largest cloud-based mortgage and savings software provider, has today announced that its Apprivo² core banking originations platform has been selected by Leeds Building Society for its Limited Company buy to let (Ltd Co. BTL) offering.
IBS Intelligence Recognizes Temenos as the #1 Best-selling Banking Software Across Eight Categories; the Highest Awarded to Any Technology Provider
- 1 year 11 months ago
- Banking
Temenos has been recognized as the global market leader by IBS Intelligence in the IBSi Sales League Table (SLT) 2023 for Core Banking, Digital Banking and Channels, Payments, Treasury and Risk Management and Islamic Banking for core and risk management.
