CFPB Takes Action to Stop Banks from Harvesting Overdraft Fees Without Consumers' Consent
- 1 month 2 days ago
- Banking
Today, the Consumer Financial Protection Bureau (CFPB) published guidance to help federal and state consumer protection enforcers stop banks from charging overdraft fees based on phantom opt-in agreements.
88% of Top Global Banks Failing to Protect Themselves from Climate-Related Disruptions, New Ranking Reveals
- 1 month 3 days ago
- Banking
Most of the largest commercial banks in the world are lagging behind in implementing effective measures to climate-proof their operations and those of the businesses they finance, according to a new ranking which assesses how well banks are responding to escalating climate risks. Despite growing awareness of climate adaptation, the ranking reveals that only seven of the world’s top 50 banks are meeting more than half of the climate adaptation... more
Finastra Integrates with Prelim to Streamline Retail and Commercial Deposit Account Opening
- 1 month 3 days ago
- Banking
Finastra, a global provider of financial services software applications, today announced an integration with Prelim, an industry-leading fintech, for its Finastra Phoenix core solution, enhancing the retail and commercial deposit account opening experience.
Intergiro Launches No-Code White-Label Platform to Build Custom Mobile Banking Apps
- 1 month 1 week ago
- Mobile Banking
Swedish Banking as a Service provider, Intergiro, has today announced the launch of its no-code white-label app platform. Designed to meet the rising demand for quick market entry and streamlined development of digital banking applications, the platform enables businesses to deploy fully branded mobile banking apps in a matter of days, without the need for technical expertise.
UK Savings Week: LHV Bank Launches New Fixed Rate ISA at 4.30% on Hargreaves Lansdown Active Savings Platform
- 1 month 1 week ago
- Banking
Marking UK Savings Week, LHV Bank, one of the UK's newest licenced banks, has launched a new Fixed Rate ISA. Offering an attractive interest rate of 4.30% per annum, the new ISA is available exclusively through Hargreaves Lansdown’s Active Savings platform.
UK Trust in Banks Trails Europe and the US, with Concerns Over Fraud and Safety of Financial Information
- 1 month 1 week ago
- Banking
UK consumers have some of the worst trust levels in banks and financial providers when it comes to keeping their data safe, significantly lower than in Europe and the US. The new findings from CRIF, Europe’s leading provider of consumer and business credit information, reveal that just 53% of Brits trust their bank or provider to look after their data.
Judo Bank Upgrades Its Lending Business Banking Platform with Thought Machine Technology
- 1 month 1 week ago
- Banking
Thought Machine, the cloud-native banking technology company, today announces that its client Judo Bank, Australia's first purpose-built challenger bank for small and medium businesses (SME), has successfully migrated its lending business to Vault Core, Thought Machine’s cloud-native core banking platform, and is operating live.
Visa Boosts Consumer Protection with Smarter Bank Transfer Payments
- 1 month 2 weeks ago
- Banking
Visa today announced that it is applying the company’s infrastructure, technology and capabilities to account-to-account (A2A) payments, giving consumers more control and protection on how they pay via bank transfers.
FCA Sets Out Steps to Improve Access to Bank Accounts
- 1 month 2 weeks ago
- Banking
The FCA has recognized that banks, building societies and payment firms are trying to support customers to access accounts and is encouraging them to build on examples of existing good practice, such as working with homeless charities to tailor their support to the needs of customers in vulnerable circumstances.
MidwestOne Bank Streamlines Customer Onboarding with Temenos
- 1 month 2 weeks ago
- Banking
Temenos today announced today that MidWestOne Bank, a community bank headquartered in Iowa with approximately 140 thousand customers and branches across 4 states, has gone live with Temenos Digital Onboarding as SaaS on Amazon Web Services (AWS). The SaaS solution was implemented for MidWestOne by RCG Global Services, a Temenos Delivery Partner in North America.
Levi9 and ABN AMRO Clearing Bank Announce Collaboration
- 1 month 2 weeks ago
- Banking
ABN AMRO Clearing Bank (AACB) is a global player in clearing, custody, financing and risk management for multiple financial markets. AACB is active on the international capital markets where innovation and digitalisation are crucial. Levi9 is a high-end company specializing in software, product development, and digital strategy.
Report: Nearly 80% of European Banks Are in the Process of Leaving Legacy Cards Platforms
- 1 month 2 weeks ago
- Banking
A new study released by Tietoevry has found that 79% of banks in Europe are currently in the process of modernizing away from legacy card platforms. This is up from 60% two years before, reflecting the acknowledgment that banks must update their systems in order to meet the demands for faster, smoother, and safer payments experiences.
Waafi Bank Selects the Bank of London as Its UK Banking Services Provider
- 1 month 2 weeks ago
- Banking
The Bank of London today announces it has been selected by Waafi Bank, a start-up bank based in Malaysia, as its banking services provider to support its plans to enter the UK with its Shariah-compliant banking offering. Founded in 2020, Waafi’s vision is ‘to bring Islamic banking to every corner of the globe’ and provide Muslims with access to financial solutions that align with their faith.
10x Partners with SunTec Business Solutions to Enable Banks to Offer Personalized and Contextual Products to Their Customers
- 1 month 3 weeks ago
- Banking
10x Banking, the cloud-native core banking platform, has today announced a strategic partnership with SunTec Business Solutions, the world’s leading relationship-based pricing and billing provider, to enable banks to offer personalized and contextual products, services and offers to their customers, across Corporate, SME and Retail Banking.
