Brand-new Positive Facilities (“Ejabiah”) Awards Core Banking System Contract to Islamic Software Powerhouse Path Solutions
- 3 years 4 weeks ago
- Core Banking, Islamic Finance
The newly established financing company in Saudi Arabia, Positive Facilities Co. Ltd. (“Ejabiah”), has signed an agreement on the 26th of August with Path Solutions for the implementation of its interest-free core banking platform.
Survey Highlights the High Price Paid by Banks for Lack of Transparency into their Trade Expenses
- 3 years 4 weeks ago
- Trading Systems, Payments, Banking
Global investment banks are spending vast sums each year on their brokerage fees and billing operations but data challenges, lack of automation and legacy technology make it difficult to fully understand and therefore optimise their spend across the organisation. According to an independent survey1 conducted by Meritsoft, a Cognizant company and leading innovator in the field of post-trade process automation, these issues are impacting capital... more
British Business Bank Managing £89bn of finance Support to 1.77m Businesses, up from £8bn in 2020, with an above Target Adjusted Return of 14.6%
- 3 years 4 weeks ago
- Banking
Catherine Lewis La Torre, CEO, British Business Bank, said: “Throughout 2020/21, in response to the pandemic the British Business Bank performed a role vital to the UK government, finance markets and the economy as a whole. “Our financial support to smaller businesses has increased by more than £80bn during the last financial year, and now stands at nearly £89bn.
Entrust Empowers Digital Financial Card Issuance with Acquisition of Antelop Solutions
With the Antelop acquisition, Entrust will make it easy for banks to add secure, fully digital credit and debit cards to their mobile wallets – enabling an integrated approach to the payments ecosystem and flexibility for issuers and cardholders
Embedded Finance Expected to Net €720Bn for European Brands by 2026, but Barriers Exist
Fresh data from OpenPayd reveals brand appetite for embedded financial services across UK, France, Italy, Germany and Spain
European Financial Institutions Say it May Take Over a Decade to Complete Open Banking Objectives
- 3 years 1 month ago
- Open Banking, Banking
New research from Tink finds over one in three (37%) financial executives expect their institutions to take more than a decade to complete their open banking objectives While a further 40% expect to take 5-10 years to fulfil their open banking objectives Despite this, positive sentiment towards open banking rises from 55% in 2019 to 71% in 2021 as executives take advantage of its commercial potential and recognise its strategic importance
Over 1,000 banking and insurance leaders will join FintechOS Leap to discuss Tech Innovation in Financial Services
FintechOS Leap, the free banking and insurance event from FintechOS, a global technology provider for banks, insurers, credit unions and other financial services companies, will be taking place between 2nd – 3rd November 2021.
Paymentology Goes Live on the Temenos MarketPlace, Bringing Cloud-Native Payment Processing to Banks Worldwide
Partnership with Temenos opens up Paymentology technology for banks to deliver more customer-centric payment services Temenos (SIX: TEMN), the banking software company, today announced that Paymentology, the banking digitization, payment and data specialist, is now live on Temenos MarketPlace.
Chase Arrives in the UK to Offer a Simple, Rewarding Banking Experience
- 3 years 1 month ago
- Credit Cards, Banking
Chase will introduce a fee-free current account that combines money management features with cashback rewards on everyday debit card spending Chase customers can access their bank through an intuitive mobile app and reach customer support 24/7, with no reliance on chat bots New customers can join Chase by signing up at chase.co.uk
Recognise Bank Hits “Magic Moment” as PRA Removes Deposit Restrictions
- 3 years 1 month ago
- Banking, Authentication Technology
Removal of deposit restrictions allows Recognise to offer personal and business savings The announcement follows the latest funding round, bringing total investment to £54million
iwoca and mmob Partner to enable Banks to Respond to SME Demand for Post-Pandemic Credit
- 3 years 1 month ago
- Lending, Open Banking, Alternative Finance
Partnership to improve access to credit by enabling banks to quickly and easily embed and offer alternative lending options
Softbank-backed THG Ingenuity Invests in Cloud Technology Platform Civo
THG Ingenuity takes a stake in Civo to leverage Civo’s newly launched managed cloud-native Kubernetes platform. The platform will enhance THG Ingenuity’s technology offering
Commerzbank Pursues Ambitious Sustainability Targets
- 3 years 1 month ago
- Investment, Banking
Credit and investment portfolio to become “net zero” by 2050 at latest, own banking operations by 2040 at latest
Saxo Bank and Banco Carregosa Celebrate 20 Years of Partnership
- 3 years 1 month ago
- Online Trading, Investment, Banking
Saxo Bank, the online trading and investment specialist, today marks the 20th anniversary of partnership with Portugal’s Banco Carregosa, a wealth management specialist offering namely advisory, asset management and online brokerage services, making this Saxo’s longest partnership in its institutional business.
Cambridge & Counties Bank Invests in Fighting Financial Crime as UK Businesses Report Record-breaking Levels of Fraud and Corruption
· PwC’s Global Economic Crime Survey 2020 reports more than half (56%) of UK businesses suffered some form of financial crime in the past two years · Cambridge & Counties Bank and ieDigital have developed a robust solution to mitigate risk around financial crime and protect its small and medium business clients by keeping their data fully secure
