Mohammed Kateeb Among World’s Top 50 Most Influential Leaders in Islamic Economy for third year
- 7 years 8 months ago
- Islamic Finance
Mohammed Kateeb, the Group Chairman & CEO of Path Solutions, has been named among the World’s Top 50 Most Influential Leaders in Islamic Economy in ISLAMICA 500 for the third year in a row. ISLAMICA 500, Edition 2018 was released on December 6th in an exclusive private reception organized in cooperation with EDB (Economic Development Board of Bahrain) at the Capital Club Bahrain.
NYMBUS COMPLETES SOC 2 TYPE 1 CERTIFICATION
- 7 years 8 months ago
- Banking
NYMBUS®, the core banking modernization company, announced today that it has successfully completed the Service Organization Control (SOC) 2 Type 1 examination for its flagship SmartCoreâ and SmartDigitalÔ platforms. Conducted by data security compliance leader 360 Advanced, Inc., this rigorous audit and certification attests to NYMBUS’ high security protocol and effective compliance with today’s stringent regulatory environment.
More Than Half of Consumers Moving Away From Traditional Banking
- 7 years 8 months ago
- Banking
Digital banking is growing in popularity with 53% of consumers using or willing to move to an online or mobile only bank — 27% have moved already, while 26% are considering the switch. This is according to research commissioned by Relay42, the leading data management platform (DMP) company that empowers marketers to orchestrate customer journeys.
Japan's Aeon Bank Selects Mofiria for Biometric ATMs and Teller Windows
- 7 years 8 months ago
- Banking
Aeon Bank Ltd., a Japanese new style bank, has announced that they had introduced a whole new biometrics authentication system to their ATMs and teller windows, which allows the customers to do any bank transactions without using a bank card nor entering PIN number. Enabling any transactions with identity verification using biometrics only is the first trial in Japan.
NYMBUS COMPLETES SOC 2 TYPE 1 CERTIFICATION
- 7 years 8 months ago
- Banking
NYMBUS®, the core banking modernization company, announced today that it has successfully completed the Service Organization Control (SOC) 2 Type 1 examination for its flagship SmartCoreâ and SmartDigitalÔ platforms. Conducted by data security compliance leader 360 Advanced, Inc., this rigorous audit and certification attests to NYMBUS’ high security protocol and effective compliance with today’s stringent regulatory environment.
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
