BNY Mellon announces innovative suite of services to deliver greater NAV oversight and contingency for the investment industry
- 5 years 4 months ago
- Fund Management, Investment Management, Banking
The Bank of New York Mellon Corporation (“BNY Mellon”) today announced a new suite of oversight and contingent Net Asset Value (NAV) calculation solutions to complement its existing fund accounting capabilities for clients. These new services are designed to drive greater transparency, efficiency and risk management for asset managers and asset owners. BNY Mellon’s new NAV offerings, which are platform and provider agnostic, set a new industry... more
Temenos delivers industry first Banking Distribution Services in Temenos Infinity – a set of cloud based microservices
- 5 years 4 months ago
- Banking
Temenos, the banking software company, announced that it has delivered new industry first Banking Distribution Services as part of the award-winning Temenos Infinity digital front-office banking product. Temenos Infinity is the first core-agnostic product to give banks the ability to continuously transform at scale, creating AI-driven customer experiences.
Backbase Debuts ‘Backbase-as-a-Service’ to Help Banks Innovate at Scale & Remove Infrastructure Hurdles
- 5 years 4 months ago
- Banking
Digital banking software provider, Backbase, has today announced the launch of its next generation Backbase-as-a-Service. This managed cloud platform service covers Backbase’s entire portfolio of banking products, helping banks to innovate with speed whilst reducing their costly operational hurdles.
ZA Bank - the First Virtual Bank in Hong Kong to Launch Pilot Trial
- 5 years 4 months ago
- Banking
ZA Bank Limited (“ZA Bank”) announced today the launch of its pilot trial (“ZA Bank Pilot”) to offer banking services to selected retail banking users in Hong Kong before full business launch to the general public. The pilot trial is conducted under the Fintech Supervisory Sandbox (“FSS”) of the Hong Kong Monetary Authority (“HKMA”). ZA Bank is a wholly-owned subsidiary of ZhongAn Technologies International Group Limited (“ZA”) and is one of the... more
Starling supercharges its business offer with loans of up to £250,000, overdrafts up to £150,000 and a Business Toolkit
- 5 years 4 months ago
- Banking
Starling Bank, the leading digital bank, is supercharging its bank accounts for businesses and sole traders with a range of new features, including unsecured loans of up to £250K, an increase in its overdraft limits from £10K to £150K, more competitive overdraft rates and a custom-built tax and financial management Toolkit. As part of the changes, Starling is launching its first paid for features for businesses, providing access to a powerful... more
LHV becomes the first bank to provide fintechs with access to instant pound and euro payments
LHV, the fintech focused bank and payment services provider, is pleased to announce that it has commenced providing real-time pound payments via the UK’s Faster Payments scheme. As a result, LHV has become the first bank capable of providing real time euro payments via Single Euro Payment Area Instant (‘SEPA Instant’) and processing pound (‘Faster Payments’) payments, giving it a unique competitive advantage and cementing its position as a... more
Ziraat Participation Bank selects Path Solutions for strategic core banking implementation
- 5 years 4 months ago
- Banking
Ziraat Participation Bank in Sudan, a unit affiliated to Ziraat Katilim Bankasi and Ziraat Finans Group, one of largest banking groups in Turkey operating on both Islamic and conventional platforms, has taken the big leap to implement Path Solutions’ multi-award winning iMAL Islamic core banking platform.
ING opens its new office in Amsterdam
- 5 years 4 months ago
- Banking
ING today officially opened its new corporate office in Amsterdam. This office is named Cedar and is a central part of Cumulus Park, the recently launched innovation district in the southeast area of Amsterdam. Cedar is one of the five ING office buildings that form Cumulus Park. Next to workspace for ING staff about 20% of the buildings is reserved for collaborative innovation with external parties.
Silicon Valley Bank Bolsters Specialty Finance Team with Three Senior Hires
- 5 years 4 months ago
- Banking
Silicon Valley Bank (SVB), the bank of the world’s most innovative companies and their investors, today announced three senior hires in its specialty finance group. Emily Barron, former head of finance at Branch International, and Brian Foley, former managing director at Macquarie Group, will be responsible for co-leading warehouse credit solutions across the US.
BNP Paribas Securities Services Extends Contract with Temenos
- 5 years 4 months ago
- Banking
Temenos (SIX: TEMN), the banking software company, today announced that BNP Paribas Securities Services has extended its license for Temenos Multifonds Global Accounting and
AAOIFI grants compatibility of compliance certificate to iMAL Islamic financial software of Path Solutions
- 5 years 4 months ago
- Islamic Finance, Financial
The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) carried out a rigorous process of testing the compliance of iMAL Islamic financial software and issued a certificate to confirm its compliance with AAOIFI’s Shari’ah and Financial Accounting standards.
ING spins out advanced analytics portfolio tool Katana to accelerate its growth
- 5 years 4 months ago
- Investment Management, Banking
ING announced the spin-out of Katana, the advanced analytics platform that supports portfolio managers in making faster and sharper investment decisions. To enable further growth and to pave the way for an independent future for Katana, ING Ventures will invest a further £1.5m alongside other investors, as part of a £3 million funding round. Katana Labs ltd has incorporated in the UK and has its offices in London.
Visiting the bank has never been so easy: appointments via Garanti BBVA’s mobile app
- 5 years 4 months ago
- Banking, Mobile Banking
Transactions using mobile devices top the list, accounting for 72 percent of all financial transactions. Garanti BBVA understands, however, that some customers prefer to physically visit a branch to do their banking.
Nisir Microfinance Institution to Choose ICS BANKS from ICSFS to Drive its Growth in Ethiopia
- 5 years 4 months ago
- Islamic Finance
Nisir Microfinance Institution (Nisir MFI), an innovative and growing microfinance institution in Ethiopia, has selected
Commerzbank acquires comdirect equity stake and holds more than 90 percent of comdirect
Commerzbank AG will acquire an equity stake in comdirect bank Aktiengesellschaft ("comdirect") from institutional investor Petrus Advisers Ltd. through its subsidiary Commerzbank Inlandsbanken Holding GmbH. The purchase price has not been disclosed.
