CommBank Data Shows Shift Away from Branch Transactions Traditionally Used by Older Australians
- 8 years 5 months ago
- Banking
Commonwealth Bank data shows older Australians are increasingly using technology to manage their finances, with strong ATM usage and a big uplift in online banking. Older Australians continue to embrace banking technology, with CommBank data showing 50 per cent customers over the age of 65 use ATMs. In addition, one in four customers over 65 is now banking digitally through NetBank and CommBank app - a 41 per cent increase over the last two... more
MarketInvoice Signs Deal with Germany's Varengold Bank
- 8 years 5 months ago
- Banking
Business finance company MarketInvoice has signed an agreement with Varengold Bank AG to provide £45m funding annually on its invoice finance platform. This will fund working capital solutions for businesses across the UK. Overall, sums advanced to UK businesses from institutional investors via MarketInvoice have increased more than 4-fold since 2014 from £27.8m to £116.3m in 2017. Cumulative funding from institutions stands at £296.2m which... more
The Banking Industry is Coming Up Trumps When Meeting Consumer Expectations
- 8 years 5 months ago
- Banking
European consumers feel they have more power over businesses, and are increasingly willing to use it, research from Quadient – formerly GMC Software – has revealed. In a Lightspeed survey of 8,061 adults in the UK, France, Germany and the Netherlands, more than three quarters (76 percent) of respondents said they would switch from a business that doesn’t meet their customer experience expectations.
Path Solutions Signs Sudan Financial Services Co. to iMAL
- 8 years 5 months ago
- Core Banking, Islamic Finance
Kuwait-based Path Solutions, an international core banking system provider for Islamic banks and financial institutions, has announced the signing of a licence agreement with Sudan Financial Services Company (“SFSC”), giving Path Solutions unrestricted access to deploy its iMAL Enterprise Islamic & Investment System across their business.
BlockEx are Future of Finance Finalists
- 8 years 5 months ago
- Banking
We entered in the category of ‘Investment Banking 4.0’. The challenges in that area are: improving client experience, achieving faster regulatory compliance, using machine learning to improve the ways we interpret data, increasing post-trade efficiency, and facilitating client lending. BlockEx can substantially improve both regulatory compliance and post-trade efficiency, using the power of the blockchain.
AL-Thiqa Islamic Bank Selects ICS BANKS ISLAMIC System from ICSFS
- 8 years 5 months ago
- Banking
Amman, Jordan: ICS Financial Systems Limited, the global software and services provider for banks and financial institutions, announced that AL-Thiqa Islamic Bank a newly established bank in Iraq, has selected the multi-awards winning system ICS BANKS ISLAMIC System.
First Data and Valley National Bank Sign Referral Deal
- 8 years 5 months ago
- Banking
Today First Data, a global leader in commerce-enabling technology, and Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp (NYSE:VLY), announced that they have entered into a long-term agreement to provide secure commerce solutions for the bank’s merchant clients. The referral relationship will provide First Data’s cutting-edge solution suite, including First Data’s Clover platform, to Valley National Bank’s business... more
Asia-Pacific Now Home to More than Half of the World’s ATMs
- 8 years 5 months ago
- Banking
The number of ATMs installed worldwide grew by 3% to 3.3 million in 2016. As in recent years, the vast majority of new ATMs were installed in Asia-Pacific China still propels ATM expansion
Anomali signs MoU with UBF to Launch Its First Threat Intelligence Sharing Group for Banks in the UAE
- 8 years 5 months ago
- Artificial Intelligence, Banking
Anomali, provider of market-leading threat intelligence platforms, has launched its first Information Sharing and Analysis Center (ISAC) in the United Arab Emirates (UAE). This debut is in partnership with the UAE Banks Federation (UBF), the professional representative body comprising 48 member banks operating in the UAE. It will initially bring together 13 banks’ cyber security data in Anomali’s ThreatStream platform.
SocGen Launches Mobile Wallet for African Unbanked
- 8 years 5 months ago
- Banking
YUP is a mobile money solution for accessing a full range of transactional and financial services even without a bank account.
Vistra to Acquire Corporate Services Business from Deutsche Bank
- 8 years 5 months ago
- Banking
Vistra, a leading global corporate service provider, announced today that it has entered into a definitive agreement to acquire the Corporate Services business of Deutsche Bank’s Global Transaction Banking division.
Global Corporate Banking Revenue Growth Poised to Double by 2020, say Celent and Finastra
- 8 years 5 months ago
- Banking
A new report from Celent forecasts that global corporate banking revenue is set to grow 4 percent from 2016 to 2020, a doubling of the growth rate recorded between 2010 and 2016. The report highlights that transaction banking and commercial lending represent a $915Bn revenue opportunity through 2020, and high-performing banks have an opportunity to grab an outsized share of the corporate banking wallet. In addition, the report predicts that... more
Saxo Bank joins Copenhagen Fintech Lab
- 8 years 5 months ago
- Banking, Infrastructure
In September Saxo Bank celebrates it 25 year anniversary and boosts its journey from an early online trading pioneer to a leading facilitator of global capital market access by becoming sponsor of Copenhagen Fintech Lab.
Xero and Santander Team Up for SME Banking Service
- 8 years 5 months ago
- Banking
Today, Xero, the UK’s leading online accounting software, and Santander, announce an integrated service for SMEs. The service will provide a secure and simple solution for customers that delivers their financial data directly from their bank account into Xero free of charge. Launching in the coming weeks, small business owners will receive the benefit of their accounting software and bank accounts communicating with each other through... more
Providus Bank Goes Live on ICS BANKS
- 8 years 5 months ago
- Banking
ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announces the successful implementation, launch and roll-out of its awards-winning banking and financial solution ICS BANKS at Providus Bank based in Nigeria, which is an innovative financial institution that offers customized business solutions and advanced products that will not only answer customer’s business and personal... more
