Banking

ICS Financial Systems to Hold One-on-One User Experience (UX) at SOFIBANQUE

ICS Financial Systems to hold One-on-one user experience (UX) and completes a 4-week assessment and training sessions at SOFIBANQUE for Full ICS BANKS Products Optimization ICSFS uses different methods for post-go live, continuous support, customer satisfaction and knowledge development methodologies, of which conducting intensive assessment and training sessions and one-on-one user experience (UX) to its customers, in order to enhance ICS BANKS... more Read more »

VERMEG AgileREPORTER mentioned Best Regulatory Reporting Management Solution

VERMEG, the global banking, insurance and digital transformation leader announces that AgileREPORTER has been awarded Best Regulatory Reporting Management Solution at the Grant Thornton UK LLP RegTech Index launch.   The RegTech Index is designed to assist discerning firms achieve an immediate short-list of solutions that are not only best in class regulatory technology in themselves, but that are also provided by a vendor with a track record of... more Read more »

SABB the first bank in the Middle East, North Africa & Turkey to go live with SWIFT gpi for Corporates

The Saudi British Bank (SABB), one of Saudi Arabia’s leading financial institutions, and SWIFT, global member owned cooperative and the world’s leading provider of secure financial messaging services announce today that SABB is the first bank in the Middle East, North Africa and Turkey (MENAT) region to go live with SWIFT gpi for Corporates service (g4c). As part of the early adopters for g4c program, SABB and one of the leading global... more Read more »

Link Arranges ATM Delivery Fund

UK ATM network Link has set up a £1 million fund from which cash-starved communities can draw in order to install a free cash machine. Consumers can tap he Community Access to Cash Delivery Fund through their MP, local council, or directly from Link, assuming the community meets the qualifying criteria, which includes distance to nearest free ATM, availability of a Post Office, site security and a suitable location. The move comes amid... more Read more »

Bank Jobs to be Decimated in the Next Ten Years

Analysts at Wells Fargo are forecasting that up to ten percent of bank jobs in the US will be wiped out by ongoing technological progress in the next ten years. As many as 200,000 jobs will disappear as machines replace labour during a new 'golden age of banking efficiency', the 225-page report states. Read more »

Refinitiv launches Matching service in Vietnam to create first electronic Marketplace for VND FX trading

Refinitiv today announced it has launched its leading global electronic trading Matching service in Vietnam, as emerging markets in the Asia region continue to develop their financial markets and digitize FX trading capabilities. The launch represents Vietnam’s first electronic marketplace for the trading of VND. Matching trades on a T+1 basis which is the most commonly traded value date. Read more »

Finastra launches Fusion Mortgagebot Data Insights to help financial institutions optimize their mortgage business

Finastra has launched Fusion Mortgagebot Data Insights – a powerful new tool that benchmarks mortgage borrower behavior and demographics for banks and credit unions against that of more than 1,400 other Fusion MortgagebotPOS users. The solution leveraged Big Data and machine learning to provide users with new insights into consumer behavior to drive a better borrower experience. Read more »

Backbase opens Dubai office to accelerate Digital-First Banking in the Middle East region.

Amsterdam-based software provider, Backbase has increased its global presence by opening an office in Dubai, which will be run by Matthijs Eijpe, Regional Sales Director EMEA at the company.  Read more »

Mastercard Launches Threat Scan to Assess Bank Fraud Exposure

Mastercard today announced Threat Scan, a unique global service that helps banks proactively identify potential vulnerabilities in their authorization systems. The service was showcased this week at the Mastercard Cybersecurity Summit in Croatia. Read more »

NatWest announces tech partnership with Microsoft and DreamQuark to simulate future market outcomes

NatWest has today announced a collaboration with Microsoft, and Artificial Intelligence specialist DreamQuark, in developing Next Generation Complex Analytics. The work will allow the bank to simulate behaviours of different environments such as financial markets or transport networks, processing it into meaningful patterns and insights that help to accurately predict future outcomes. Read more »

DUCA Financial Services Credit Union Builds Member Relationships on Fiserv Technology

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that DUCA Financial Services Credit Union Ltd. (DUCA), based in Toronto, has selected Fiserv for core account processing to modernize operations, better serve members, gain efficiencies and increase overall agility. Read more »

Al Rayan Bank appoints new head of IT

Al Rayan Bank has announced the appointment of Peter Wren as its new Head of IT. The position will be based at the UK’s largest Islamic bank’s Operational Headquarters in Birmingham. Peter brings with him over 20 years’ experience working in IT roles for companies in the financial services and pharmaceutical sectors. He was most recently programme director at Birmingham-based financial mutual society, Wesleyan, where he was responsible for... more Read more »

Sweden’s First Neobank P.F.C. Selects Mambu

P.F.C. (Personal Finance Co.), the Stockholm-based neobank, today announced that it has gone live on Mambu’s leading SaaS banking engine. Ten months after the initial launch, P.F.C. sustains a monthly growth rate of 35% and has rapidly gained a foothold in Sweden’s competitive fintech market. The partnership helps P.F.C. accelerate the deployment of its innovative features and products aimed at simplifying everyday financial use. Read more »

PayPal Joins Belgium's KBC Mobile Account Aggregation Package

Belgium's KBC has added PayPal balances and transactional information to its mobile bank account aggregation app. The inclusion of PayPal, alongside Argenta, Belfius, BNP Paribas Fortis and ING, reflects the great strides the company has made in insinuating itself into people's everyday shopping and payments habits. Read more »

Unionbank’s API Marketplace Encourages Philippine Fintechs To Go Global

UnionBank of the Philippines' (UnionBank) globally-awarded API Marketplace is enabling fintechs to scale growth through co-creation and reaching a wider audience for their APIs. It is one of the largest in Asia with over 200 open APIs, and a regional network with connectivity to the ASEAN Financial Innovation Network (AFIN) and its API Exchange -- an initiative by the International Finance Corporation (IFC) and the Monetary Authority of... more Read more »

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