FSS Announced Agreement with Montran Corporation
This agreement with Montran will now enable FSS to provide customized solutions that will address the Wholesale Payments needs of the Banking industry in the country. FSS has spearheaded the growth of retail & whole sale payments in India by serving banks, financial institutions, merchants, governments and other verticals through a rich portfolio of payments products and services.
Mambu to Raise €8 Million in Funding
- 10 years 8 months ago
- Banking, SaaS, Infrastructure
Mambu, the SaaS banking platform provider, today announced it has raised €8 Million in their latest funding round led by Acton Capital Partners and CommerzVentures with participation also coming from existing investors. This latest funding will be used to continue building on Mambu’s global momentum and successes, with the company achieving over three times year-over-year growth and recording several significant milestones over the last 12... more
IFM 2015 Awards Presented to Noor Bank
- 10 years 8 months ago
- Banking, Islamic Finance
London-based International Finance Magazine presented the 2015 awards for 'Best Rebranded Credit Card', 'Best Islamic Auto Finance Provider' and 'Best Islamic Personal Finance Provider' in UAE to Noor Bank at a gala ceremony in the Landmark Hotel inLondon on November 27, 2015.
Suffolk County National Bank Adopts Fiserv's Core Banking Platform
- 10 years 8 months ago
- Banking, Infrastructure
Suffolk County National Bank Selects Full Set of Fiserv Solutions to Enhance Customer Experience and Simplify Tech Environment - Suffolk County National Bank will move to Premier core account processing platform and add multiple solutions, including digital banking capabilities, to support growth - Technology enhancements will enable delivery of the superior customer experience required in a highly competitive market - Replacement of multiple... more
CalWest Bancorp Announced Completion of Private Offering
- 10 years 9 months ago
- Banking
CalWest Bancorp, the parent holding company for South County Bank N.A., today announced the successful completion of its $14.0 million private offering with accredited investors consisting of 43.5 million shares of common stock at a price per share of $0.20 and 53,000 mandatorily convertible preferred shares at a price of $100 per share and convertible into 26.5 million shares of common stock.
Axiory Launches Prepaid MasterCard
- 10 years 9 months ago
- Transaction Banking, Banking
Axiory Global Ltd. announced release of their prepaid MasterCard on December 28, 2015. The "AXIORY Prepaid MasterCard" is provided to customers to use as one of the withdrawal methods for our Foreign Exchange service. The prepaid cardholder can use the prepaid card to shop at stores that accept MasterCard in over 35.9 million locations worldwide, as well as ATM machines that bear the MasterCard Acceptance Mark.
IFC and LAPO Microfinance Bank to Expand in Nigeria
- 10 years 9 months ago
- Banking, Financial, Infrastructure
IFC, a member of the World Bank Group, signed an agreement to work with LAPO Microfinance Bank Ltd to pilot and roll out agent banking that will increase access to financial services for low-income customers, small-scale entrepreneurs and rural communities. IFC is also providing a 2 billion Naira (approx. $10 million) loan to support LAPO MfB's lending to micro-entrepreneurs. This is the largest investment IFC has made in a microfinance... more
R3’s Distributed Ledger Initiative Soars to 42 Bank Members
Financial innovation company R3 has concluded its distributed ledger bank membership round with the addition of 12 new banks, bringing the total number to 42. Since its September launch, the company has seen a groundswell of interest in the consortium from financial services companies around the world.
Atom to Expand Biometric Banking in the UK
Atom will be pioneering the use of biometrics in the UK banking industry, leading the way with face and voice biometrics as core credentials to log-in to your bank. Atom is the UK’s first bank designed for digital, offering easy and convenient banking via an app, due to launch in 2016. A personalised approach is at the heart of what Atom will offer, starting at the very first step of opening the ‘virtual doors’ of the bank. Face and voice... more
ADIB Teams up with IBM to Launch Innovative Digital Studio
- 10 years 9 months ago
- Banking, Mobile Banking
Abu Dhabi Islamic Bank (ADIB) today announced that it will fundamentally transform how it interacts and provides services to customers by building a new Digital Studio with consulting services from IBM (NYSE: IBM).
M&T Bank Customers to Implement Android Pay
Beginning today, M&T Bank customers can add their M&T Bank debit or credit card to Android Pay, the convenient way to pay with an Android phone. The free new service from Google allows customers to use their Android phone (running 4.4 or higher) to pay for purchases at more than one million stores across the U.S.
Omdurman National Bank Goes Live with ICS BANKS
- 10 years 9 months ago
- Banking
Khartoum, Sudan: Omdurman National Bank (ONB), the multiple awards wining and the first bank in Sudan to introduce distinguished and modern banking technologies, has gone live with the awards winning solution ICS BANKS® ISLAMIC from ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions.
Webster Bank to Expand its Banking Centers in Greater Boston
- 10 years 9 months ago
- Banking
Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., a $24 billion regional bank, announced today that Webster Bank will open 14 banking centers in mid-January in the greater Boston area.
Intesa Sanpaolo to Sign Up for SWIFT’s 3SKey solution
- 10 years 9 months ago
- Banking, Infrastructure
SWIFT announces that, Intesa Sanpaolo, one of the top banking groups in the euro zone, has signed up for 3SKey, a multi-bank and multi-channel solution for corporates to securely authenticate and approve operations using digital signatures and strong authentication. It provides a single token for Intesa Sanpaolo’s corporates clients to communicate with the bank across all channels.
Reval's Survey Shows Lack of Automation and System Integration
- 10 years 9 months ago
- Banking, Infrastructure
Seventy-six percent of respondents to a recent Reval survey of more than 150 financial professionals say they are not calculating their daily cash positions automatically, leaving real-time cash visibility an elusive goal.
