Banking

IFM 2015 Awards Presented to Noor Bank

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. Read more »

Apple Pay is Available for Cardinal Bank Customers

Cardinal Bank announced today its consumer and business clients will now have access to make purchases with Apple Pay using their Cardinal Bank debit and credit cards. This new service transforms mobile payments with an easy, secure and private way to pay for purchases. Read more »

Suffolk County National Bank Adopts Fiserv's Core Banking Platform

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 Read more »

Yapı Kredi Launches Wallet App

Turkey’s leading credit card platform World digitalizes the credit card experience through a new “Yapı Kredi Wallet” application, available for iOS and Android devices. Read more »

SuperCom Signs Partnership with Mobile Network Operator to Boost Mobile Money Solution in Latin America

SuperCom SPCB, +6.22% a global provider of secure solutions for e-Government, Public Safety, HealthCare, and Finance sectors, announced today that it has signed a memorandum of understanding with a Mobile Network Operator in Latin America to implement and deliver a mobile money solution using SuperCom's SuperPay™ technology. Read more »

CalWest Bancorp Announced Completion of Private Offering

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. Read more »

Axiory Launches Prepaid MasterCard

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. Read more »

IFC and LAPO Microfinance Bank to Expand in Nigeria

 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 Read 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. Read more »

Powa Technologies partners with UnionPay to Bring Instant Transactions and Mobile Commerce

 Powa Technologies has formed a 10-year strategic alliance with “limitless” potential to create a ubiquitous new standard in mobile commerce for China UnionPay’s (CUP) 1.3b credit and debit card users.   Read more »

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 Read more »

ADIB Teams up with IBM to Launch Innovative Digital Studio

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). Read more »

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. Read more »

Omdurman National Bank Goes Live with ICS BANKS

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.   Read more »

Webster Bank to Expand its Banking Centers in Greater Boston

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. Read more »

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