Vedanta, YES Bank and MonetaGo join forces to pioneer digitalization in India’s USD 500 billion commercial paper market using R3’s Corda Enterprise blockchain platform
- 5 years 10 months ago
- Blockchain, Banking
Financial technology solutions provider MonetaGo has today announced that a commercial paper has been digitally issued in Asia for the first time using blockchain technology. MonetaGo completed this transaction through a partnership with banking services provided by YES Bank and the issuer Vedanta, a natural resources conglomerate. India’s highly-regulated commercial paper market involves huge amount of paperwork to be prepared by the Issuer for... more
Finantix Powers HSBC Private Banking’s Global Client Wealth Management Portal
- 5 years 10 months ago
- Management, Banking, Insurance
Finantix, a leading supplier of transformational software to the wealth management, insurance and private banking industries globally, today announced that Finantix Components have been deployed by HSBC Private Banking as it launches a new global client wealth management portal for its clients. The new portal is a simplified, seamless and globally standardised platform.
The Trophy for Best Islamic Technology Provider goes to Path Solutions from the Asset
- 5 years 10 months ago
- Islamic Finance
Path Solutions, the leading provider of Islamic software solutions and services, has won the title of ‘Best Islamic Technology Provider’ at The Asset Triple A Islamic Finance Awards 2019. The award puts emphasis on the company’s Sharia-compliant financial software suite and recognizes innovation and impact in advancing the Islamic financial services industry.
Hawaii State FCU Chooses Baker Hill NextGen® To Support Rapid Growth in Commercial Lending
- 5 years 10 months ago
- Alternative Finance
Baker Hill, a leading financial technology provider, delivering solutions for common loan origination, risk and relationship management, CECL, and smart data analytics, announced that Hawaii State FCU, Hawaii’s largest credit union lender, has chosen Baker Hill NextGen® to support its rapid growth in commercial lending.
SunTec Xelerate® helps Banks accelerate Digital Transformation by ‘Hollowing out the Core’
- 5 years 10 months ago
- Banking, Risk Management
SunTec, the leader in revenue management and customer experience orchestration, announced the launch of Xelerate® Digital Core – an extremely low risk approach for banks to accelerate their Digital transformation journey, without having to replace their functionally stable legacy core systems.
Bank of Kigali Plc Selects Temenos to Power its Digital Transformation Strategy
- 5 years 10 months ago
- Banking
Bank of Kigali Plc has selected Temenos (SIX: TEMN), the banking software company, to power its digital transformation journey in order to support its regional growth plans and realize its financial inclusion objectives.
Lloyds Bank Collaborates with Blue Motor Finance to Develop Instant Payments
- 5 years 10 months ago
- Banking
Europe’s fastest growing company, Blue Motor Finance, today announces a new collaboration with Lloyds Bank Commercial Banking API Lab The companies are partnering on an innovative Faster Payments and Direct Debit API to ensure individual motor traders and dealerships receive instant loan payments. The new programme brings together Europe’s fastest growing FinTech start-up and one of the UK’s largest banks. The two companies have a longstanding... more
Research Reveals Investor Confusion Over Risks Involved when Investing through Property Investment Platforms
- 5 years 10 months ago
- Banking
New research* from secured property lender Fitzrovia Finance reveals a lack of understanding of some of the fundamental risks involved through investing through property investment platforms. 75% of investors who have used these platforms wrongly believe first charge secured debt/loans are riskier than second charge mezzanine debt/loans. A further 7% said they didn’t know which was riskier. It also revealed 18% of retail investors who have used... more
Fintech Firm Countingup Opens New Cardiff Office
- 5 years 10 months ago
- Digital Identity, Banking, Accounting
Countingup, the UK’s number one small business banking and accounting app, has announced it is opening a new office on Cathedral Road. Countingup will focus on providing account management and out-of-hours customer support from the new Cardiff base. The account management team has already seen several team members join with recruitment currently underway for the customer support team. The office came about following an initial approach from... more
Path Solutions Won ‘Best Islamic Technology Provider’ at The Asset Triple A Islamic Finance Awards 2019
- 5 years 10 months ago
- Banking
Path Solutions, the leading provider of Islamic software solutions and services, has won the title of ‘Best Islamic Technology Provider’ at The Asset Triple A Islamic Finance Awards 2019. The award puts emphasis on the company’s Sharia-compliant financial software suite and recognizes innovation and impact in advancing the Islamic financial services industry.
Payments Technology Company BPC Expands Middle East Presence with Opening of Pakistan Office
Switzerland-based payments technology firm BPC has opened an office in Pakistan to serve the growing financial services market in the Middle East. The office location is Karachi, the country’s largest metropole and financial centre. The BPC team, with global and local staff, covers the need for innovative payments solutions while taking advantage of the rich and growing pool of finance and technology talent available in the country.
The Collaboration of Six Nordic Banks Results in a Joint KYC Company
- 5 years 10 months ago
- Banking
Danske Bank A/S, DNB Bank ASA, Nordea Bank Abp, Skandinaviska Enskilda Banken AB (publ), Svenska Handelsbanken AB (publ) and Swedbank AB (publ) are moving forward and have established a joint venture company to develop a platform for handling KYC (Know Your Customer) data. The European Commission has given its approval in accordance with the EU merger control rules.
No more wine bars, young people predict revival of high street banks in the cashless age
- 5 years 10 months ago
- Banking
It wasn’t so long ago that bank branches were leaving the high street - some even became wine bars. New research reveals that today’s youth predict a bright future for banks on the high street – although the vast majority (79%) believe that their relationship with banks will be fundamentally different in ten-year’s time.
NatWest Pilots New Working Capital Product Rapid Cash
- 5 years 10 months ago
- Banking
NatWest has announced the pilot launch of Rapid Cash – the first digital, flexible working capital product that seamlessly connects with accounting software, to provide a dynamic credit limit of up to £300,000.
Saxo Q3 Outlook: The Global Fiscal Panic
- 5 years 10 months ago
- Banking
Saxo Bank, the online trading and investment specialist, has published today its Q3 2019 Quarterly Outlook for global markets, including trading ideas covering equities, FX, currencies, commodities, and bonds, as well as a range of central macro themes impacting client portfolios.
