Three in five likely to use digital banking offered by neobanks and challenger banks by 2025: Backbase Report
- 5 years 2 months ago
- Banking
Digital banking in the Asia Pacific (APAC) is set to be widely adopted with over three in five customers (63%) willing to make the switch to neobanks and challenger banks in the next five years, according to the Fintech and Digital Banking 2025 report by Backbase and IDC. The report also found that the region is expected to see 100 new financial institutions by 2025, ushered in by liberalization of several markets and issuance of new banking... more
BancaStato Implements Appway's Client Lifecycle Management Solution Suite
- 5 years 2 months ago
- Banking
Banca dello Stato del Cantone Ticino (BancaStato) is investing in Appway’s client lifecycle management (CLM) solution suite to better support its front office with all client interactions, as well as reduce customer response times and improve operations across its front, middle, and back office. Concurrently, BancaStato is expanding its use of Appway for its fully-owned subsidiary specialized in world-class private banking services, known as... more
Interbank market sees live deployment of blockchain technology in reconciliation process
- 5 years 2 months ago
- Blockchain, Banking
Thirty-two banks in Italy have gone live with one of the first real-world deployments of enterprise blockchain technology in interbank financial markets. The Spunta Banca DLT app for interbank reconciliation has been built by the Italian Banking Association, ABI, on R3’s Corda Enterprise platform. The traditional reconciliation process for interbank transactions in Italy—formerly governed by the spunta process is notoriously complex.
Masthaven launches fees-free remortgage range
- 5 years 2 months ago
- Lending, Banking, Retail Banking
Masthaven Bank has today launched a new fees-free remortgage range on its first charge residential two-year and five-year fixed remortgage products. The specialist bank has released the limited-edition products in response to continued demand for remortgages, particularly for fees-free ranges, during the coronavirus outbreak. Masthaven says the new products are designed to empower brokers to offer their customers greater flexibility around their... more
Brattleboro Savings & Loan Selects NCR to Elevate Digital Banking Experience
NCR (NYSE: NCR), a global enterprise technology provider for the financial industry, today announced that Vermont-based Brattleboro Savings & Loan (BS&L) chose NCR to provide customers and businesses with a superior digital banking experience. With the NCR DI platform, the bank will consolidate three vendors that previously supported digital banking into one, simplifying operations and increasing efficiency in the back office.
Deutsche Bank extends wealth management contract with Avaloq in six countries
- 5 years 2 months ago
- Banking
Deutsche Bank has renewed its contract with the leading cloud banking provider Avaloq in Asia and in Europe until the end of 2028. The contract covers Deutsche Bank’s extensive wealth management businesses in six countries – Switzerland, Luxembourg, the UK, Saudi Arabia, Singapore and Hong Kong – and represents one of Avaloq’s most significant and largest business process as a service (BPaaS) and software as a service (SaaS) relationships... more
Iress integrates with Knowledge Bank to help mortgage brokers focus on client advice
- 5 years 3 months ago
- Banking
Iress today announces that it has integrated its Xplan Mortgage software with criteria search system Knowledge Bank. This integration allows mortgage brokers using Xplan Mortgage to use Knowledge Bank to quickly and easily check the criteria of lenders across the market, making it far easier to source the right mortgage for non-traditional customers. The time saved in checking criteria can then be used to provide value-added services and advice... more
MYbank served over 20 million SMEs as of 2019, further spurring the growth of China’s small and micro businesses
- 5 years 3 months ago
- Banking
MYbank, a leading online private commercial bank under Ant Financial Services Group, stated in its annual report released today that it has served 20.87 million small and micro businesses in China as of the end of 2019. As part of the Star Plan launched in June 2018, MYbank has worked with over 400 financial partners to provide business loans to Chinese SMEs as of 2019. 80% of MYbank loan users had previously never received business loans from... more
British Business Bank Announces Four New Lenders Under The Coronavirus Business Interruption Loan Scheme
Today the British Business Bank has announced that it has approved four new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS), which provides financial support to smaller businesses (SMEs) across the UK that are losing revenue and seeing their cashflow disrupted, as a result of the Covid-19 outbreak. The new CBILS lenders are Allied Irish Bank (GB)/AIB (NI), ThinCats, Paragon Bank and IGF (Independent... more
Wolters Kluwer Poised for Round Two of Paycheck Protection Program Funding
Wolters Kluwer Compliance Solutions today revealed that its Paycheck Protection Program (PPP) Supported by TSoftPlus™ solution, designed to help banks, credit unions, and other lenders support small businesses with payroll funding during the COVID-19 crisis, has so far assisted in PPP loan approvals supp
Yolt announces API connection with American Express
Yolt, the smart thinking money app, has today announced a new API connection with American Express. The connection means that Yolt users with an American Express card can now see their spending and balance directly within the Yolt app, alongside their other current accounts, savings, credit cards pensions and other investments.
COVID-19 to be Watershed Moment for Digital Banking, Marqeta Predicts
Global modern card issuing platform provider, Marqeta, predicts that the current COVID-19 crisis could create a ripple effect that will change the face of banking forever. With many branches closing or moving to restricted hours, an increasing number of the older generation – many of whom have not used them before – are now turning to digital banking and payment solutions to avoid leaving the house. Marqeta believes this shift could represent a... more
TransLink.iQ and Ingenico terminals for Azer Turk Bank
The Azerbaijani state-owned bank Azer Turk Bank has procured a TransLink.iQ solution for EFTPOS networks monitoring and managing, developed by Lithuanian company ASHBURN International. The company also provided the bank with the country's first payment terminals manufactured by Ingenico.
World Fintech Report calls for closer bank-fintech collaboration
- 5 years 3 months ago
- Banking, Infrastructure
Capgemini and
Yolt announces API connection with Nutmeg
Yolt, the smart thinking money app, has today announced a new API connection with Nutmeg, the digital wealth and investment manager. The connection means that Yolt users with a Nutmeg investment account can now see their portfolios directly within the Yolt app, alongside their other current accounts, savings, credit cards, pensions, and other investments. Yolt users can analyse all their transactions across their accounts, plan budgets, monitor... more
