Banking

Path Solutions Won ‘Best Islamic Technology Provider’ at The Asset Triple A Islamic Finance Awards 2019

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. Read more »

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. Read more »

The Collaboration of Six Nordic Banks Results in a Joint KYC Company

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. Read more »

No more wine bars, young people predict revival of high street banks in the cashless age

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. Read more »

NatWest Pilots New Working Capital Product Rapid Cash

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. Read more »

Saxo Q3 Outlook: The Global Fiscal Panic

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. Read more »

NatWest Launches Video Call Option for SMEs

NatWest is to launch a new video banking channel which will allow their business customers to hold a secure, pre-arranged video call using a mobile device, tablet or PC. Customers can hold calls with multiple participants using the new feature, allowing additional members of staff to join the conversation, or for their NatWest Relationship Manager to join for continuity. Read more »

Integral Volumes Increase 19.3% Compared to May 2019

Integral (www.integral.com), the technology partner trusted by leading banks, brokers, and asset managers to help them outperform their competition in the foreign exchange market, reported today average daily volumes (ADV) across Integral platforms totaled $36.4 billion in June 2019.  This represents an increase of 19.3% compared to May 2019. Read more »

Avaloq Announced Acquisition of Derivative Partners, Zurich-based Service Specialist for Structured Products

Avaloq, the leading cloud platform and service provider for banks, wealth managers and investment firms, has signed an agreement to acquire 100% of Zurich-based Derivative Partners AG, the number one independent information and data provider for Structured Products and Derivatives in Switzerland. Derivative Partners has been providing highly valuable market information, tools, research and calculations for complex financial products for its... more Read more »

Banking Faces a Major Shift as Mobile Dominates Digital

Only 5 years after the launch of the first challenger bank accounts, the UK’s major financial institutions are facing a new revolution; this time in the shape of the nation’s savings accounts. New insight by data expert CACI also reveals that the way we bank is changing dramatically, with almost half of the UK’s adult population, 25 million customers, now banking with mobile. The report shows that by 2021, mobile will become the biggest channel... more Read more »

NatWest Completes Market’s First SONIA Loan for National Express

Following the announcement on 17 June that NatWest is to offer the market’s first SONIA (Sterling Overnight Index Average) loans, the bank has today announced it has delivered the first SONIA loan for its corporate customer, National Express Group PLC. Read more »

Banks Re-Think Approach as Small and Medium Size Businesses Continue to Power UK Economy

GDP grows by 0.5 per cent in the first quarter of 2019, according to the Office for National Statistics quarterly national accounts out today. The largest contributors to this increase are the 5.7 million small businesses in the UK today – making up 99 per cent of businesses in the UK economy. SMEs continue to be the main driving force behind employment and innovation – providing 16.3 million jobs in 2018 alone, 60 per cent of all private sector... more Read more »

Broadway Technology’s Tyler Moeller and Joshua Walsky named EY Entrepreneur Of The Year

Ernst & Young LLP (EY) has named CEO Tyler Moeller and CTO Joshua Walsky of Broadway Technology, a leader in high-performance front office fintech solutions, Entrepreneur Of The Year® 2019 in the financial technology category in New York. The award recognises entrepreneurs who are excelling in areas such as innovation, financial performance and personal commitment to their businesses and communities, while also transforming our world. Read more »

Mambu and Salt Edge Collaborate to Help Banks Become PSD2 Compliant

Mambu and Salt Edge have announced a collaboration that will help more financial institutions become PSD2 compliant. The aim is to enable innovation in the banking industry and bring open banking one step closer to end-customers. Read more »

ONPEX Enables Moorwand to Meet Demand for Additional Financial Services

 ONPEX, a leading provider of multi-currency IBAN accounts, has partnered with the international payments company and BIN sponsor Moorwand, to expand its banking capabilities through next-generation IBAN solutions. Read more »

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