D+H Adds ALLL Tool to CreditQuest® Portfolio Manager
DH Corporation, a leading provider of technology solutions to financial institutions globally, today announced the launch of the Allowance for Loan and Lease Losses tool in CreditQuest® Portfolio Manager. The new ALLL tool will support existing reserve methodologies and the new Current Expected Credit Loss standards. The new CECL standards involve several major changes to the way that financial institutions gather and analyze data and plan for... more
D+H Selected by Union Bank of the Philippines Cash Management Services
- 9 years 4 weeks ago
- Cash management, Banking
DH Corporation a leading provider of technology solutions to financial institutions globally, announced that Union Bank of the Philippines, which provides banking products and services to more than 7,000 corporate clients, has entered into an agreement with D+H to provide it with a suite of cash management solutions.
Source Technologies Enhances its Personal Teller Machine
- 9 years 4 weeks ago
- Banking, IT Innovations, Infrastructure
As financial institutions look to enhance their branch experiences for customers, Source Technologies, a leading provider of integrated solutions for managing financial transactions and other secure business processes, announced enhancements to its Personal Teller Machine, which now includes proximity sensing and the ability to pre-stage transactions.
IFX Forum Unveils Results of Open Banking APIs Summit Event
- 9 years 4 weeks ago
- Banking, Infrastructure
The IFX Forum today announced the results of its recent Open Banking APIs Summit event, held June 21-23 at the U.S. Bank facility in Minneapolis, Minnesota. This special meeting of the Forum's Architecture Committee was convened to seek a standardized way to address the growing impetus for banks to provide more open access to their data, in place of proprietary APIs being developed by financial institutions and vendors.
FIS Completes Technology Transformation with Bank Leumi USA
- 9 years 1 month ago
- Payments, Banking, IT Innovations, Infrastructure
FIS announced the completion of one of the industry’s most unique transformational projects with Bank Leumi USA.
Earthport Signs a Deal with Bank of The Bahamas
- 9 years 1 month ago
- Banking
Earthport has partnered with Bank of The Bahamas Limited, to provide local payment capability into The Bahamas. Through this new partnership Earthport will help support the efficient, secure and cost effective payment services into the country and further strengthen payment capability into the Caribbean. Currently, this market is only available for financial institution clients due to a condition of Earthport’s regulatory approval in the Bahamas.
Gulf Bank Gets Distinction by IFM 2016 Awards
- 9 years 1 month ago
- Banking, Retail Banking
London-based International Finance Magazine has conferred the 2016 award for 'Best Retail Bank' and 'Best Retail Customer Service Bank' in Kuwait to Gulf Bank. Gulf Bank was established in 1960 and has since progressed to becoming an industry-leading financial services provider complemented by a large network of 56 branches strategically positioned in key locations in Kuwait.
Lloyds Banking Group: Online Lending to Small Businesses Soars in Two Years
- 9 years 1 month ago
- Alternative Finance
The latest figures for Lloyds Banking Group, which includes Lloyds Bank and Bank of Scotland, show that the total amount of online lending to small businesses has doubled in the past two years*, as more businesses are making the move online to manage their banking. The annual value of online lending to small businesses (those with a turnover of less than £1m) is increasing at an even greater rate, with online lending to small business customers... more
Big Banks Can Provide All They Want But the Postal Banking is Still Active
- 9 years 1 month ago
- Banking
Canadian Union of Postal Workers say there are issues on the table, including bringing back postal banking, an idea which has just been rejected by the big bank lobby. "We're not surprised that the big banks, which raked in a $35 billion profit last year by gouging Canadians with some of the highest fees in the world, would oppose a public banking option," said Mike Palecek, president of the Canadian Union of Postal Workers.
Climate Change: Impact on Financial Institutions
- 9 years 1 month ago
- Banking, Risk Management
Global warming adds significant new risks for the world's banks, insurers and pension funds, warns a study published by the Global Risk Institute. "Given the financial service industry's heavily integrated role in society, it is particularly susceptible to the risks associated with climate change," the study notes. "It must therefore ensure that proper climate change strategies and risk management procedures are in place in order to remain... more
TSYS Renews its Agreement with Lloyds Banking Group
- 9 years 1 month ago
- Banking, Infrastructure
TSYS announced that Lloyds Banking Group, the UK's leading provider of current accounts, savings, personal loans, credit cards and mortgages, has renewed its agreement with TSYS to continue to process the bank’s UK commercial card portfolio.
Encentus Federal Credit Union Opts Fiserv's Portico Technology Suite
- 9 years 1 month ago
- Banking
Fiserv, a leading global provider of financial services technology solutions, announced today that Encentus Federal Credit Union, based in Tulsa, Oklahoma, has selected the Portico® core account processing platform with an integrated solution suite that includes digital banking and lending services.
Sierra Bancorp Closed Acquisition of Coast Bancorp of San Luis Obispo County
Sierra Bancorp, the holding company of Bank of the Sierra, announced today the completion of its acquisition of Coast Bancorp of San Luis Obispo County, California through the merger of Coast Bancorp with and into Sierra Bancorp. Pursuant to the terms of the acquisition agreement dated January 4, 2016, Coast Bancorp shareholders received aggregate merger consideration of approximately $13.5 million, payable $3.3 million in cash with the... more
FIS Named “Most Disruptive” at the 2016 PYMNTS.com/Alexa Challenge
- 9 years 1 month ago
- Payments, Banking, Infrastructure
FIS™ won the “Most Disruptive” award at the 2016 PYMNTS.com/Alexa Challenge. FIS was selected for its ability to provide millennial consumers “relevant and timely guidance to better inform their financial decisions,” according to PYMNTS.
Sunrise Bank Raised Over $25 million in its Stock Offering
- 9 years 1 month ago
- Banking
Sunrise Bank raised over $25 million in its overwhelmingly successful stock offering. The Bank undertook the offering with the dual intentions of returning to sub-chapter S tax status and to increase capital to support its expansion into the Orlando market.
