New Salt Edge and Supernovae Labs Partnership Set to Boost-up Italian Financial Landscape via Open Banking
- 3 years 1 week ago
- Open Banking, Banking, Financial
Supernovae Labs, the first fintech accelerator in Italy dedicated to banks and financial institutions, joined forces with Salt Edge, open banking pioneer, to provide Italian financial institutions and third-party providers a much more secure and reliable way of aggregating bank data and initiating payments powered by PSD2.
Mbanq Signs with Temenos to Launch World’s First Credit Union-as-a-Service and Accelerate Banking-as-a-Service in US Market
- 3 years 1 week ago
- Open Banking, Payments, Banking, Cloud
Temenos partners with Silicon Valley-based Mbanq to power innovative Credit Union-as-a-Service (CUaaS) offering for US Credit Unions, a market estimated at $3.6bn annually Mbanq’s CUaaS, powered by The Temenos Banking Cloud, enables Credit Unions to gain faster time to market with cutting-edge digital financial services for members at a reduced total cost of ownership
Deutsche Bank Automates Tax Processes for Post-trade Settlement in Indonesia in Partnership with Xceptor
- 3 years 1 week ago
- Banking
Corporate Bank today announced the roll-out of an automated workflow platform for the administration of capital gains withholding tax during the post-trade settlement process in Indonesia, using the Xceptor Tax Solution. This enhancement will help to reduce manual processes and decrease the time to calculate withholding tax amounts down to seconds. Deutsche Bank will also utilize APIs to send real-time settlement details to the Xceptor Tax... more
External Finance now Used by Four in ten Businesses Across the UK, but a Lack of Local Investors Leads to Wasted Economic Potential
- 3 years 1 week ago
- Banking
London, the South East, the North West and the East of England account for 86% of equity deals despite hosting just 55% of businesses · Distance matters – in 82% of equity investment stakes between 2011 and 2020, the investor and company are within two hours of each other; 61% are within one hour of each other · Rural business owners more likely to inject personal funds into their business than urban entrepreneurs because of a... more
Privacy Risks in IRS Banking Transaction Reporting Avoidable: Industry Experts
- 3 years 2 weeks ago
- Banking
The IRS can avoid the risk of misuse and loss of private data by using analytics software. FlowTracker Analytics today announced an alternative to reporting banking transactions to the IRS that cuts down privacy risks while providing more relevant information to support the Treasury's tax compliance goals - money flow analysis.
UOB and ADDX Collaborate On Sustainability-Linked Digital Bond
- 3 years 2 weeks ago
- Banking
Digitisation of S$50-million bond allocation uses blockchain and smart contract technology to achieve faster processing and lower cost in the custody and administration of the bond UOB and digital securities exchange ADDX have concluded the digitisation and digital custody of the inaugural sustainability-linked bond recently launched by Sembcorp Industries (Sembcorp). This initiative comes amid a rise in the use of digital securities to enhance... more
UK high-street Banks are no Longer Trusted by Nearly Half of their Customers
- 3 years 2 weeks ago
- Banking
Banks make their money using “hidden” charges, say many of those surveyed Concern over the safety of savings is widespread, with many now limiting what they put into traditional banks Some - particularly young people - are so concerned they prefer to keep cash at home People feel banks do not put customers first, and many are now seeking alternative ways to save and spend
External Finance Now Used by Four in ten Businesses Across the UK, but a Lack of Local Investors Leads to Wasted Economic Potential
- 3 years 2 weeks ago
- Banking
· London, the South East, the North West and the East of England account for 86% of equity deals despite hosting just 55% of businesses · Distance matters – in 82% of equity investment stakes between 2011 and 2020, the investor and company are within two hours of each other; 61% are within one hour of each other · Rural business owners more likely to inject personal funds into their business than urban entrepreneurs because of... more
Council of Europe Development Bank Adopts Bloomberg MARS Front Office to streamline risk management
- 3 years 2 weeks ago
- Asset Management, Banking, Risk Management
Bloomberg announced today that the Council of Europe Development Bank (CEB) has adopted its Multi-Asset Risk System, MARS Front Office, a robust and streamlined risk management system that enables the bank to assess the impact of trading activity on the risk profile of its books.
Italy’s Banca Progetto Selects Wolters Kluwer to Provide Integrated Risk and Finance Software Solution
- 3 years 2 weeks ago
- Banking, Risk Management
Banca Progetto, a fast-growing Italian digital and consumer credit bank, also operating in the credit market for small and medium-sized enterprises, has selected an integrated software solution from Wolters Kluwer to manage its risk and finance obligations. The bank will specifically use software modules from the company’s Governance, Risk & Compliance (GRC) division, as well as the CCH® Tagetik Corporate Performance Management (CPM)... more
The Online Technology Event of the Year for Accountants and Finance Professionals in Malaysia
- 3 years 2 weeks ago
- Banking
The first-ever Accounting & Finance Show Malaysia 2021 is launching on 12 October, bringing together those driving technological change in finance and accounting across Malaysia and beyond. Aimed at providing the best insights to enhance the ability and speed at which businesses adopt digital tools and technologies within the accounting and finance function, the one-day virtual event will feature 30+ local and international industry leaders... more
Raiffeisen Digital Bank, brand of Raiffeisen Centrobank AG, launches a new app in six months with Mambu
- 3 years 2 weeks ago
- Lending, Personal Finance, Banking
Raiffeisen Digital Bank, a brand of Raiffeisen Centrobank AG, has announced that their new personal lending mobile app has gone live on Mambu.
World’s Banks Accelerate Shift to Digital After COVID-19
- 3 years 2 weeks ago
- Covid-19, Banking, Cybersecurity
Digital technology highlighted as key to meeting new decarbonization targets as Atos launches new Digital Vision: Digital Banking report Banks are rapidly accelerating their shift to digital channels as they seek to reinvent their business models in response to the COVID-19 pandemic, a new paper from Atos reveals.
Crédito Agrícola Group Partners with Meniga to Become First Portuguese Bank to Enable Customers to Track Their Carbon Footprint
- 3 years 2 weeks ago
- Personal Finance, Banking
Meniga (www.meniga.com), the global leader in personal finance banking solutions, has today announced that is has partnered with Portuguese national financial group, Crédito Agrícola Group, to launch its market-leading green banking solution, ‘Carbon Insight’ in Portugal.
Cashplus Partners With Aldermore to Offer Seamless Savings
- 3 years 2 weeks ago
- Banking
Aldermore Bank and Cashplus Bank have today announced an exclusive partnership which delivers an easy to manage business savings solution for time-poor SMEs with returns 50 times that of those offered by the largest high street banks1. Cashplus selected Aldermore as the best partner for their 150,000 business customers for the highly competitive proposition they offer, great rates, fast onboarding process and ease of managing business savings 24... more
