How Geospatial Data Is Expected to Revolutionize Fintech & Banking
Finances and banking have dramatically changed in recent decades, and technical innovations were the main contributor. Edgy satellite-driven technologies facilitate financial decision-making and open up new business horizons, and the geographic information system (GIS) is among the best novelties. Geospatial data gives more specific information to banks than any other source. Banks can study market demand, track competitors, and manage... more
ITS Signs a Definitive Agreement with Amal Bank in Somaliland
- 2 years 9 months ago
- Banking
ITS was pleased to announce that it has signed a definitive agreement with Amal Bank in Somaliland, that entails the delivery of a wide set of financial solutions that include assistance in disaster recovery (DR) Site and host services in its Datacenter. The deal will further support the ongoing mission of ITS and Amal bank to offer the latest innovative, customized, and Shariah-compliant financial products and services.
ITS Has Been Named the Best Islamic Finance Technology Provider in the 12th Annual GIFA Awards
- 2 years 9 months ago
- Islamic Finance
For many years the GIFA has honoured the best organizations impacting Islamic banking. ITS has been named the Best Islamic Finance Technology Provider in the 12th annual GIFA Awards ceremony. This award was a great source of motivation to keep providing the best resourceful services and solutions.
Morgan Stanley, Goldman Sachs and 14 Other Largest Financial Institutions Were Charged $1.1B to US Regulators
- 2 years 9 months ago
- Banking
On Tuesday, the Securities and Exchange Commission (SEC) fined 16 of Wall Street's major financial organisations $1.1 billion for failing to supervise employee correspondence. Barclays Capital, Citigroup, Morgan Stanley, Goldman Sachs, and Bank of America will pay SEC recordkeeping law penalties. These companies' investment banking executives, equity, and debt traders have violated the Securities Exchange Act of 1934 by using unmonitored... more
Finastra and Visa Announce Global BaaS Offering Integrating Visa Direct
- 2 years 9 months ago
- Banking
Finastra and Visa today announced a Banking as a Service (BaaS) collaboration to co-develop new functionality on its Payments Hub solutions and implement Visa Direct – which provides access to more than two billion accounts through push-to-account offerings. The new capability will give Finastra’s bank customers around the world access to cross-border payout capabilities for small- and medium-sized businesses, and individuals, in multiple... more
Future Bank Summit KSA 2022: Digital Innovations Shaping the Future of Kingdom’s Banking Landscape
- 2 years 9 months ago
- Banking
Following the success of the first two editions of Future Bank Summit (FBS), Verve Management is delighted to host the 3rd Edition of Future Bank Summit on 27-28 September 2022 at Riyadh Airport Marriott Hotel, KSA.
Union Bank of India Goes Live with RuPay Credit Card on UPI with Kiya.ai as a Technology Partner
- 2 years 9 months ago
- Banking
Kiya.ai, one of the most innovative digital solutions providers in India, announced that Union Bank of India was among the first banks to launch NPCI’s UPI linked to Rupay Credit Card and UPI Lite on the unified payments interface (UPI) platform with Kiya.ai as their technology partner in this achievement.
SWK Bank and Cloud Banking Platform Mambu Partner for Fast and Flexible Banking Services
- 2 years 9 months ago
- Banking
One of Germany's leading direct banks, SWK Bank based in Bingen am Rhein, has partnered with the leading cloud banking platform, Mambu to offer new services to the DACH market. The companies are bundling their complementary service offerings in Banking as a Service (BaaS) and Software as a Service (SaaS), to create a new joint offering for B2B customers.
British Business Bank Agrees ENABLE Build Guarantee with Hampshire Trust Bank
- 2 years 9 months ago
- Banking
Hampshire Trust Bank (HTB) has secured an ENABLE Build guarantee via the British Business Bank and The Department for Levelling Up, Housing and Communities (DHLUC). It follows HTB’s previous ENABLE Guarantee, agreed in 2017, which has so far provided £342m in SME housebuilder funding and supported the building of 1547 new housing units.
BankiFi Continues Global Expansion with New CTO Hire
- 2 years 9 months ago
- Banking
Building on its recently announced North American expansion, BankiFi has appointed Danny Piangerelli, formerly of Malauzai Software and Sensibill, highlighting the company’s commitment to targeted technology innovation for the North American market.
Fintech Pioneer Stash Unveils Stash Core
- 2 years 9 months ago
- Banking
Stash, the investing and banking app with more than 2M customers and nearly $3B in assets under management, announced today that it successfully built and launched Stash Core, its new, proprietary infrastructure platform that underpins the service for Americans who bank like investors. Stash Core is a world-class system that unlocks new innovations in banking, and, in the future, new capabilities in credit, savings, lending, and more.
Mahalo Banking Partners with UnitedOne Credit Union to Provide Omni-Channel Member Experience
- 2 years 9 months ago
- Banking
Mahalo Banking, a CUSO that provides online and mobile banking solutions for credit unions, announced that it has successfully implemented its digital banking platform at Manitowoc, Wis.-based UnitedOne Credit Union (UnitedOne). The new solution delivers a consistent digital experience to UnitedOne’s members across all devices.
Wipro and Finastra Partner to Power Digital Transformation for Corporate Banks in India
- 2 years 9 months ago
- Banking
Wipro Limited, a leading technology services and consulting company, and Finastra, a global provider of financial software applications and marketplaces, today announced a partnership in India to help corporate banks accelerate digital transformation by deploying Finastra’s leading solutions.
19/09 – Weekly Fintech Recap
- 2 years 9 months ago
- Artificial Intelligence, Blockchain, Insurtech, Payments, Banking, IT Innovations, M&A Deals, People Moves
Partnerships Nutanix Offers A Stepping Stone To the Cloud at Crown Hosting Data Centres
CaixaBank Becomes the Only European Bank Selected by the ECB to Collaborate in Prototyping the Digital Euro
- 2 years 9 months ago
- Banking
The European Central Bank (ECB) has selected CaixaBank and four other organisations to collaborate in the development a prototype of a digital euro. The institution launched a call with the aim of selecting entities to develop technology projects associated with the creation of the European digital currency. CaixaBank, the only European bank selected for the project and will be responsible for producing a prototype for peer-to-peer (P2P) online... more
