Deutsche Bank extends wealth management contract with Avaloq in six countries
- 5 years 2 weeks 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 weeks 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 weeks 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 weeks ago
- Banking, Infrastructure
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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
European Fintech Curve discovers innovative way to help customers free up more cash during lockdown
Curve, the banking platform that consolidates multiple cards and accounts into one smart card and app, now allows customers to move past payments onto a different card for up to 90 days after the payment has been made.
Cloud-computing solutions can help significantly to reduce banking costs in Africa
More than 700 million Africans lack access to a bank or mobile money account and only 41% of Africans are financially included. This is due to the high cost of providing financial services in Africa which forces many financial services providers to remain focused on serving wealthier customers.
Yemen’s Fastest Growing Bank Selects Temenos
- 5 years 3 weeks ago
- Open Banking, Banking
Temenos (SIX: TEMN), the banking software company, today announced that Yemen-based, Al Kuraimi Islamic Bank (KIB), has selected Temenos Infinity and Temenos Transact to replace its legacy IT systems and deploy a single, cloud-native, cloud-agnostic digital banking platform to underpin its banking operations. KIB is one of the Yemen’s top 5 banks, with 1.2 million customers and it aims to reach 5 million customers by 2023.
Jumhouria Bank of Libya goes live on SmartStream for reconciling payments
SmartStream Technologies, the financial Transaction Lifecycle Management (TLM®) solutions provider, today announced that Jumhouria Bank, the biggest bank in Libya, has successfully gone live on SmartStream’s solution for the reconciliations of cash payments - the first of a two phase implementatio
Promentor Finans Taps LeanDev's Banking Platform
- 5 years 4 weeks ago
- Banking
The fast-growing credit market company Promentor Finans expands its business and offers private individuals and companies savings accounts with a state deposit guarantee.
