Banking

Banks Get Exempted from Providing PSD2 Fallback Channel with Salt Edge’s Solution

Salt Edge, a leader in developing open banking solutions, helps banks and eWallets become PSD2 compliant in no time and get exempted by the national regulator from providing a fallback channel. Read more »

ACI Worldwide partners with Wundr to accelerate cross-border payments with instant settlement for mid-tier retailers

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that Wundr, a retail payments platform that fuses B2C digital payments and B2B business banking, will power its payments with ACI’s UP eCommerce Payments solution. Read more »

Financial wellbeing startup Dreams announces its first enterprise partnership with banking software provider Silverlake Symmetri

Dreams (www.getdreams.com), the Stockholm-born fintech empowering millennials to save and feel better about their money, today announces a strategic partnership with Silverlake Symmetri, a wholly-owned subsidiary of Silverlake Axis Ltd (SAL), which provides software solutions and services to the Banking, Insurance, Retail, Government, Payment and Logistics industries. Read more »

Life in Lockdown: Record numbers go online for essentials and experiences

Online shopping has outstripped all other forms of spending over the past month, with more than half of UK shoppers (57 per cent) saying they are shopping online more than ever and record numbers signing up to virtual experiences like home fitness classes, TV and film subscriptions and online learning during lockdown. Read more »

Tide to deliver critical support to small businesses through Bounce Back Loan Scheme

Tide Capital, the credit subsidiary of Tide, the UK’s leading business banking platform, has been accredited by the British Business Bank as a lender under the Bounce Back Loan Scheme (BBLS). This will allow the platform to offer term loans of between £2k and £50k to small businesses that are struggling financially as a result of the coronavirus crisis. As has been the case with other lenders accredited to deliver the BBLS, Tide is now working... more Read more »

ICS Financial Systems named as Best Islamic Banking & Finance Technology Provider at 2020 Islamic Finance Awards

The latest edition of World Finance magazine is out now and has confirmed ICS Financial Systems (ICSFS) as Best Islamic Banking & Finance Technology Provider as part of its Islamic Finance Awards. The Islamic banking sector has been growing rapidly in recent times and it is certainly an area of the market that ICSFS has been supporting through its Shari’a compliant solutions. Read more »

Aegean Baltic Bank of Greece Selects Wolters Kluwer to Provide Integrated Risk and Regulatory Reporting Solution

Aegean Baltic Bank of Greece (ABB) has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting and OneSumX for Risk Management as its integrated risk and regulatory reporting software solution, helping the bank to meet its Basel IV and CRD V obligations. Read more »

Barwick Banking Company is the latest bank to select Finastra’s Fusion Phoenix core

 Finastra announced that Barwick Banking Company (Barwick Bank) is the latest community-facing financial institution to choose Fusion Phoenix core to help transform it into a modern, digitally-enabled institution. Read more »

FinecoBank launches free trading on equity CFDs

FinecoBank today announces the launch of zero-commission trading, with no added spreads, on thousands of equity CFDs. With the new business model, the European-headquartered bank is offering commission-free trading at a premium level in the UK market, reaching beyond existing platforms to cater for professional and serious traders. The offering will provide customers trading at the same price as the stock exchange, with no spread, commission or... more Read more »

Penta opens its digital business banking platform for every type of business

Digital business banking for everyone - as of today, Penta also offers its product and services to solo self-employed people. The digital platform for business banking is thus expanding its target group and taking a broader positioning in the market . Read more »

Citi's digital channels play a pivotal role in client contingency situations

Citi’s Treasury and Trade Solutions (TTS) has expanded the reach of the CitiDirect BE® Digital Onboarding platform, making it available in 37 countries and five languages. Additionally, usage across all client-facing digital channels has dramatically grown over the first quarter of 2020, as clients switch to continuity-of-business (COB) modes, with remote work during the pandemic.    Read more »

US SMBs are underserved by banks: 11:FS research reveals service gaps and market opportunities

 11:FS, the challenger firm defining and building truly digital financial services, today announced new research, “Designing digital financial services that work for US SMBs" which identifies the current service gaps and opportunities for truly digital services to support small businesses across the United States. Read more »

British Business Bank announces new lenders under the Bounce Back Loan Scheme for Smaller Businesses

Today the British Business Bank has announced that it has approved two new lenders for accreditation under the Bounce Bank Loan Scheme. The scheme is intended to target small and micro businesses in all sectors[1], with loans from £2k up to 25% of the business’ turnover with a maximum loan of £50k. Read more »

Tinkoff reports 1Q '20 results, announces 2nd 2020 interim dividend

TCS Group Holding PLC (LI: TCS, MOEX: TCSG) (“Tinkoff”, “We”, the "Group", the “Company”), Russia's leading provider of online financial and lifestyle services via its Tinkoff ecosystem, today announces its interim condensed consolidated IFRS results for the three months ended 31 March 2020. Oliver Hughes, CEO of Tinkoff Group, commented: Read more »

Salt Edge streamlines the PSD2 onboarding with banks to save TPPs thousands of work hours

Salt Edge announced the release of a new feature that allows third party providers (TPPs) to register quicker with the desired banks’ PSD2 channels in the whole of Europe. Dynamic registration aims to save TPPs thousands of man-hours on onboarding with banks. Read more »

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