Banking

ONPEX Enables Intergiro's Multi-Currency Transfers

ONPEX, a leading provider of multi-currency IBAN accounts, has partnered with online business account provider, Intergiro. Regulated in Sweden as an eMoney institution (EMI), Intergiro is now fully equipped to provide its international customers with access to easy-to-manage, online multi-currency payments.   Read more »

Banking Circle Launches Payments Insight Paper

Money20/20 USA today played host to the launch of the latest Banking Circle insight paper. ‘Pay, Set, Match! Payment services for SMEs – Jump-starting a virtuous digital payment circle’, uncovers the challenges and opportunities for payment providers serving SMEs. Read more »

US Neobank Current Raises $20 million

US neobank Current has raised $20 million in a bid to grow its user base to one million personal checking accounts. Wellington Management Company is a first-time investor, and also joining the round is Galaxy Digital EOS VC Fund. CMFG Ventures, the venture capital arm of CUNA Mutual Group, a mutual insurance company serving credit unions and their 120 million members, joined the fundraise. In addition, QED Investors, Expa and Elizabeth Street... more Read more »

SMFG Taps AI to Automatically Recommend Software Repairs

Sumitomo Mitsui Financial Group has joined forces with Fujitsu and the Japan Research Institute (JRI) to trial the use of AI to scan for bugs in coding and automatically recommend software repairs. SMFG says that the competitive nature of the digital revolution in finance is pushing banks to roll out new services as quickly as possible, and that this has led to a need for methods that improve software quality quickly. Read more »

Why it’s time to say BYE BYE BANKS

Penta, the digital platform for business banking, focusing on founders and small and medium enterprises (SME) is launching their first billboard campaign in Berlin, Germany. Read more »

Fenergo reveals that banks could lose $22.75bn to slow onboarding

Today, leading provider of digital Client Lifecycle Management (CLM) solutions Fenergo, has announced the results of new research which reveals that slow and manual onboarding processes could lead to commercial and business banks individually losing $4.5bn in revenue if they don’t bring their technology and systems up to date. Read more »

Danish Challenger Bank Selects Temenos to Deliver Unrivalled Protection Against Financial Crime

Temenos (SIX: TEMN), the banking software company, today announced that Lunar has selected Temenos’ award-winning Financial Crime Mitigation (FCM) to deliver the most complete protection and an enhanced digital customer experience. Temenos’ pre-packaged FCM will be quickly deployed and run on Temenos SaaS to provide a highly scalable and cost-efficient financial crime prevention solution spanning watch-list screening, anti-money laundering (AML... more Read more »

Banking Circle Lending and Banking Circle Virtual IBAN shortlisted

Banking Circle has been nominated for two Banking Technology Awards: Best use of IT in Lending and Best FinTech Partnership. The Banking Technology Awards, now in their 20th year, recognise excellence and innovation in the use of IT in financial services worldwide. Winners will be announced at a ceremony and gala dinner at the 5-star London Marriott Hotel Grosvenor Square on 5th December 2019. Read more »

Santander Cash Nexus Comes to North America

Santander Bank today unveiled its global Santander Cash Nexus solution for Commercial Banking and Corporate and Investment Banking clients in North America. This new platform offers clients a comprehensive suite of global connectivity solutions and provides access to local payment initiation and information reporting services in 15 markets around the world via a single point of entry. Read more »

MUFG Signs Agreement with Saudi Arabian General Investment Authority to promote Japanese investment in the Kingdom

MUFG Bank today announced it has signed an agreement with the Saudi Arabian General Investment Authority (SAGIA) to promote Japanese investment in the Kingdom of Saudi Arabia. Read more »

Commerzbank, Deutsche Börse and MEAG to reach further step in post-trade services using distributed ledger technology

Commerzbank, Deutsche Börse and MEAG, the Asset Manager of Munich Re and ERGO, have reached a further step in examining the scope of distributed ledger technology in post-trade services. The partners successfully completed the settlement of a legally binding secondary market securities transaction via tokens; Commerzbank further used the tokenized cash as collateral at Eurex Clearing as Central Counterparty. Read more »

PayQwick Appoints Bob Craig as Chief Operating Officer and Expands Leadership Team

PayQwick, a financial services company which delivers comprehensive banking and treasury solutions to emerging businesses, is pleased to announce several new additions to its management team. Read more »

Standard Chartered to offer domestic cash management services in Europe

Standard Chartered will offer clients an extensive range of cash management services out of London and Frankfurt covering the UK and Eurozone countries, following investment in a new cash management infrastructure. The infrastructure is scheduled for completion in mid-2020, and in addition to existing high- value clearing, transactional FX and pooling services the bank currently offers, it is developing  additional services including: virtual... more Read more »

Participants of Elevator Lab Program 2019/20 announced

Yesterday, the jury of Raiffeisen Bank International’s (RBI) Elevator Lab selected from 14 finalists six winners who will be allowed to participate in the third round of the Fintech Partnership Program. Supported by RBI experts and mentors, the participants will develop socalled PoCs (Proof of Concept), which they will present on the Demo Day at the beginning of March 2020. On this basis, RBI will evaluate possible cooperations. Read more »

Archax selects R3’s Corda Enterprise platform for digital exchange DLT infrastructure

Archax, the London-based institutional digital securities exchange, today announced a partnership with R3, the enterprise blockchain software firm. Under this partnership, Archax will use R3’s Corda Enterprise platform to handle post-trade activities on a distributed ledger. Read more »

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