DBS Announces Availability of Online Letter of Credit Service
- 8 years 4 months ago
- Letters of Credit, Banking
DBS has launched a new service that allows SMEs to apply for a Letter of Credit (LC) online within five minutes and have it issued within two business days.
MCB Islamic Bank Plans to Reach the Unbanked Population With Diebold Nixdorf Technology
According to a World Bank report, more than 50 percent of people in Pakistan remain unbanked—lacking access to critical financial services. MCB Islamic Bank Limited, a new bank in Pakistan, is expanding access to financial services and reaching the unbanked population with new cash dispensing technology and software from Diebold Nixdorf. MCB Islamic Bank is opening new branches across Pakistan and will outfit each branch with Diebold Nixdorf’s... more
Horizon Nominated for Best Trading System by FStech Awards 2017
- 8 years 4 months ago
- Fund Management, Banking
Horizon Software, the leading provider of electronic trading solutions and algorithmic technology to the world’s exchanges, banks, brokers and fund managers, today announced that it has been shortlisted for Best Trading System by the FStech Awards 2017. Winners will be announced during a ceremony to be held on March 23rd at the London Mariott Hotel, Mayfair.
China Banking Corporation Selects Intellect
Intellect Design Arena Ltd, a digital financial technology product provider, announced today that the Philippines’ first privately owned commercial bank, China Banking Corporation (China Bank), has chosen to implement Intellect’s Trust Banking Solution.
Ripple Releases Q4 2016 XRP Markets Report
- 8 years 4 months ago
- Banking
Ripple is excited to publish the first of our quarterly XRP Markets Reports. In order to continually improve the health of XRP markets globally, we will share regular updates on the state of the market including quarterly sales, commentary on previous quarter price movement and announcements of new third-party wallets, exchanges, validators and third party liquidity providers.
Dutch FinTech Ohpen receives full FCA authorisation
- 8 years 4 months ago
- Asset Management, Banking, Compliance
Ohpen announced today that it has gained approval from the regulator, the Financial Conduct Authority (FCA), to carry out its regulated activities. The approval enables Ohpen to provide its software and outsourcing services to asset managers, banks and insurance companies in the United Kingdom (UK) under its new British company, Ohpen Operations UK Ltd.
Equifax Study Shows 90% of Brits Have not Heard of Open Banking
- 8 years 4 months ago
- Banking
45% said they were not likely to use Open Banking 60% would not consent for their personal data to be shared Research from Equifax, the consumer and business insights expert, reveals that 90% of Brits have not heard of the Open Banking initiative, with 45% of respondents then going on to say that they are not likely to use Open Banking when it becomes available.
Hellenic Bank goes live with Backbase solution for digital banking
- 8 years 4 months ago
- Banking
Hellenic Bank, the second largest bank in Cyprus, have chosen Backbase, the market leader in omni-channel digital banking, to provide the architecture for its next iteration of banking systems. Hellenic Bank began operating in 1976 and has since become one of the largest banking and financial institutions in the region, with a network of over 60 branches and 7 Billion Assets under Management.
BBVA Compass Destines Amazon Lockers in Austin Branches
- 8 years 4 months ago
- Banking
Riding the wave of next-gen delivery services, BBVA Compass today announced that it has been piloting Amazon Locker at 11 Austin-area BBVA Compass branches. The inclusion of this community centric amenity marks one of the first entries into Texas for the Amazon Locker program, and the first time Amazon Locker will be available with a bank in the United States. For BBVA Compass, the piloting program is in keeping with its laser focus on... more
D+H Joins Frontrunner Service Provider to Support Sepa Instant Payments
Payment service providers will be able to rely on D+H for connectivity to EBA CLEARING's pan-European instant payment platform as of November 2017
Stock Exchange of Thailand Announces Nominates For SET Awards 2016
- 8 years 4 months ago
- Trading Systems, Banking
The Stock Exchange of Thailand (SET) jointly with Money & Banking Magazine announces that 62 companies and nine CEOs have been nominated for SET Awards 2016 to be held on February 2 in Bangkok.
Fifth Third Bank Partners With QED Investors for FinTech Innovation
- 8 years 4 months ago
- Investment, Banking
Fifth Third Bank is partnering with venture capital (VC) firm QED Investors to bring new products and services to their banking customers. The VC firm will advise the Ohio-based bank and support its NorthStar strategy to “enhance offerings through technology”. Tim Spence, executive vice-president and chief strategy officer for Fifth Third Bank says the partnership “should enable us to identify new, high-potential technologies to complement our... more
Bank of Valletta Modernising Core Banking Software With Oracle FSS’s Flexcube
- 8 years 4 months ago
- Core Banking
Malta-based Bank of Valletta (BOV) is modernising its core banking software with Flexcube from Oracle FSS. The new solution will “underpin all of the bank’s corporate and retail bank offerings across multiple channels,” according to Taddeo Scerri, BOV group chairman. It will replace Temenos’ T24 core banking system. Temenos was chosen by the bank in 2010 to replace a legacy solution, Profits, supplied by another banking software supplier, ... more
DeVere Group Opens Private Bank
- 8 years 4 months ago
- Banking
Financial adviser firm DeVere Group has unveiled its own private bank, DeVere Group Bank St Lucia. The company says the launch “has been facilitated” by the acquisition of St Lucia-based Arton Bank for an undisclosed sum. Arton Bank was set up and licensed in 2014 under the Offshore Banking Act 1996. Founder and CEO of DeVere Group, Nigel Green, says the move into the private banking sector “has been largely driven by demand from clients who are... more
Varo Money Launches Consumer Lending Via Mobile App
- 8 years 4 months ago
- Mobile Banking
Varo Money, Inc. ("Varo"), a mobile-only banking start-up that will help consumers gain greater control of their financial lives, today announced the launch of consumer lending via its mobile app.
