Nordea was criticized over delivery EUR500 notes to foreign exchange bureaux
- 7 years 3 months ago
- Banking
On Thursday 24 May Operation X, a programme broadcast by the Danish television channel TV2, will put the spotlight on Nordea’s role in delivering foreign exchange to foreign exchange bureaux.
International users for UK Open Banking are to be verified by NorthRow
NorthRow extends remit to provide verification checks of FinTech and financial organisation users for Open Banking across European Union and globally. NorthRow (a Contego solutions business), the RegTech and compliance specialist, has been chosen by the UK’s Open Banking Implementation Entity (the ‘OBIE’), to verify its users in the European Union and the rest of the world. The move follows the successful implementation of verification processes... more
Avaloq signs Deutsche Bank Luxembourg
- 7 years 3 months ago
- Banking
Avaloq, a leader in digital and core banking software and solutions for banks and wealth managers, has announced that Deutsche Bank Luxembourg has adopted its Avaloq Banking Suite. Over 150 customers and wealth managers manage 4 trillion US dollars in assets with Avaloq, helping everyone from the ultra-high net worth investor to the average saver.
Customers “App-etite” for mobile banking transforming the future for banks
- 7 years 3 months ago
- Banking
Digital transformation has become a survival strategy for banks today. UK Finance’s The Way We Bank Now report reveals 5.5 billion log-ins to banking apps last year, a 13% rise on the previous year.[1]
VSoft Streamlines Digital Banking Suite
- 7 years 3 months ago
- Banking
VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced several new enhancements to its product suite, including natural language processing for its digital banking platform, Arya, and updates to CoreSoft, the company’s core processing system, and new feature functionality to the OnView payments products.
Fresh ICC survey shows pace of trade finance digitalisation
- 7 years 3 months ago
- Trade Finance, Banking
The International Chamber of Commerce (ICC) 10th annual Global Survey shows that 60% of banks are moving towards greater digitalisation, though only 9% say technology solutions have so far increased efficiency. Over 60% of banks surveyed in the new ICC report—Global Trade: Securing Future Growth—reported to have implemented, or to be in the process of implementing, technology solutions to digitalise their trade finance operations.
Ant Financial partners with China Everbright Bank and Everbright Technology to facilitate the bank’s digital transformation
- 7 years 3 months ago
- Banking
Ant Financial Services Group (“Ant Financial”) has signed a strategic cooperation agreement with China Everbright Bank Co., Ltd (“China Everbright Bank”) and Everbright Technology Co., Ltd. (“Everbright Technology”), a fintech subsidiary of China Everbright Group, to facilitate China Everbright Bank’s digital transformation.
Finastra welcomes four early adopters to its FusionFabric.cloud open platform
Finastra today welcomed four early adopters to its FusionFabric.cloud open platform. US-based Fintechs, including Tradle, Conversation.one, Active Allocator and GreenPoint Financial, are on board to design and create apps on Finastra’s platform. This represents the next wave of innovative financial services software development that will save banks time and money and enable Fintech developers to speed up time to market.
Equifax works with HSBC UK on first live open banking credit application solution
- 7 years 3 months ago
- Banking
HSBC UK has created the first live use case of open banking for credit applications using the InterConnect platform from Equifax, the consumer and business insights expert. The solution will facilitate quick affordability assessments by allowing individuals to submit their bank transaction information electronically, in less than five minutes, during an application for credit. Each submission is presented directly to HSBC UK Underwriting in real... more
Pan-African Bank Ecobank Wins Best Digital Strategy Award
- 7 years 3 months ago
- Banking
Ecobank won the Best Digital Strategy Award at the Retail Banker International’s prestigious awards ceremony held at the Waldorf Hilton Hotel in London last week. Ecobank’s digital strategy leverages digitalisation for scale and ubiquity and is the key plank in its ambition to be the top consumer financial services franchise in Africa and to achieve its target of serving 100 million customers.
nCino Enhances its Bank Operating System with Retail Sales and Service Solution
nCino, the worldwide leader in cloud banking, announced a significant addition to its Bank Operating System through the launch of its Retail Sales and Service Solution.
AI-based Safety to Battle Fraud
- 7 years 3 months ago
- Artificial Intelligence, Blockchain, E-Commerce, Security and Compliance, Transaction Banking, Virtual Reality, Banking, Security, IT Innovations
Temenos (SIX:TEMN), the banking software company, today expanded its leading financial crime mitigation product to include an AI-based Suspicious Activity Prevention solution protecting banks and their customers from fraud. Demand for financial compliance and the increasing levels of financial crime are putting huge pressure on banks. Their legacy processes have grown so complex with a high level of manual work for screening alerts and other... more
Juniper Names Fidor As A Leading Disruptor in Its “Disruptors & Challengers Quadrant For Neo & Challenger Banks”
- 7 years 3 months ago
- Banking
Today Fidor Group has been recognised for its innovative products and digital offerings by Juniper Research. It has named Fidor as a leading disruptor in its prestigious “Disruptors & Challengers Quadrant For Neo & Challenger Banks” for 2018.
Over half of under 45s interested in banking products from Apple, Amazon or Google
- 7 years 3 months ago
- Banking
Online research from Equifax, the consumer and business insights expert, reveals over half (51%) of Brits under 45 years old would be interested in banking products or services from technology giants like Apple, Amazon or Google. Of those, 45% said that products or services like loans, credit cards or current account from these technology companies would only appeal to them if they offered better value than their existing bank.
Mohammed Kateeb recognized among the Leaders of Islamic Economy in East Africa
- 7 years 3 months ago
- Banking
Path Solutions, the global Islamic banking software company, is pleased to announce that its Group Chairman and CEO Mohammed Kateeb has been recognized among the ‘Leaders of Islamic Economy in East Africa’ during the ‘3rd East Africa Islamic Economy Summit’ held on Wednesday 25th April in Nairobi, Kenya.
