Banking

Oromia International Bank in Ethiopia Goes Live with ICSFS’ IFB and Conventional CBS

Addis Ababa, Ethiopia: ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, and Oromia International Bank S.C (OIB), one of the most profitable banks in Ethiopia 1 , announce the successful implementation and go-live of ICS BANKS Universal Banking and ICS BANKS Interest Free Banking (IFB)software suites, to provide OIB customers with conventional and interest free banking services... more Read more »

FinecoBank adds Canadian Stock Exchange to portfolio of stock options on offer

FinecoBank has today announced the addition of the Canadian Stock Exchange to its extensive portfolio of stock options.  This means traders and investors can now access to an additional 250 shares and over 600 ETFs available on the Toronto Stock Exchange (TSX) via Fineco’s online trading platform.  The move bolsters Fineco’s existing offer of 26 international stock markets, giving it one of the most comprehensive range of stocks, ETFs and bonds... more Read more »

Mizrahi-Tefahot, Israel’s third largest bank, chooses Temenos for its core banking transformation in the capital markets

Mizrahi-Tefahot has chosen Temenos T24 Transact from Temenos (SIX: TEMN), the banking software company, to replace its capital market systems. Temenos is the leader in banking software with more than 3,000 banks in over 150 countries relying on Temenos for their technology needs.  Temenos T24 Transact will replace the core system currently used by the bank for its activity in Israeli and foreign securities and will interface with trading systems... more Read more »

Standard Chartered completes first transaction on blockchain platform with Linklogis

Standard Chartered and Linklogis have recently completed their first joint deep-tier supply chain financing transaction for Digital Guangdong and its upstream suppliers. This milestone in the ongoing strategic collaboration between the two parties since signing a memorandum of understanding in February this year is the first time that the Linklogis platform has jointly delivered deep-tier supply chain financing with an international bank. Read more »

Wolters Kluwer Successfully Implements OneSumX for Finance at Small Medium Enterprise Development Bank Malaysia Berhad

Wolters Kluwer’s Finance Risk & Reporting (FRR) business has successfully deployed its OneSumX for Finance software at Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank), allowing the bank to fully implement the Malaysian Financial Reporting Standards (MFRS) 9. SME Bank, an agency of the Ministry of Entrepreneur Development, has a mandate to nurture and develop the small and medium enterprise sector in Malaysia. Read more »

FinTech partnership strengthens position of five°degrees and W.UP in European banking and finance market

Today five°degrees; a digital core banking provider, announces its partnership with W.UP, a banking provider that uses artificial intelligence to generate digital revenue and interact with clients. As part of the partnership, W.UP: a London and Budapest based FinTech, becomes part of five°degrees Open Banking Marketplace: an interconnecting banking and finance ecosystem that enables competitors to work together to improve the end-user experience... more Read more »

Path Solutions Upgrades Jaiz Bank’s Core Banking Platform for Enhanced Performance

Path Solutions, the global Islamic banking software company, today announced that Jaiz Bank Plc., Nigeria’s premier non-interest (Islamic) bank has successfully upgraded its Islamic core banking platform iMAL R14.1 version. The upgrade is to enable innovation that will meet evolving customers’ needs as it expands into new markets. Read more »

Al Ahli Bank of Kuwait partners with EdgeVerve for its Robotic Process Automation journey

Al Ahli Bank of Kuwait has partnered with EdgeVerve Systems, a subsidiary of Infosys (NYSE: INFY) to steer its automation journey using AssistEdge Robotic Process Automation (RPA). Read more »

Wematch unveils game-changing Euro Interest Rate Swaps matching and negotiating platform for banks

Wematch, the global multi-asset-class, web-based matching and negotiation platform, has added Euro Interest Rates Swaps (IRS) to its expanding scope of live products. Wematch IRS is a web-based, dealer-to-dealer platform, giving sell-side human traders greatly enhanced tools and workflow to match and negotiate trades. It offers tools to support Euro IRS curves, butterflies, and basis structures, adding to its existing portfolio of instruments,... more Read more »

ICS Financial Systems named winner of Best Banking & Financial Software Solutions Award 2019 by World Finance

With disruptive fintech firms becoming a more pervasive fixture in the financial landscape, many traditional institutions are struggling to remain competitive. It’s here that digital solutions providers such as ICS Financial Systems (ICSFS) come in, helping banks to bolster their technological capabilities and maintain their market share. Read more »

Cheers Paytech chooses Mambu as core banking system

Cheers Paytech, the Singapore-based fintech, has partnered with Mambu to provide the core banking technology for all wallet accounts to fuel growth. The partnership will facilitate the backend movement of funds within the Cheers Wallet Engine.  Mambu’s rapid deployment capability and API-first architecture will allow the team to integrate quickly and without the need for complex coding or underlying infrastructure maintenance. Read more »

FIS Powers Payment Services for Australia’s All-Digital Volt Bank

Volt Bank, the first  of a wave of new digital providers to be granted a banking license in Australia, has chosen technology and services from FIS (NYSE: FIS) to power its mobile and card payment services. FIS, a leader in financial services technology, will provide Volt Bank with processing services for its credit card and mobile payments products. FIS will also provide solutions for risk and compliance management as well as treasury management. Read more »

FIS Powers Payment Services for Australia’s All-Digital Volt Bank

Volt Bank, the first of a wave of new digital providers to be granted a banking license in Australia, has chosen technology and services from FIS (NYSE: FIS) to power its mobile and card payment services. FIS, a leader in financial services technology, will provide Volt Bank with processing services for its credit card and mobile payments products. FIS will also provide solutions for risk and compliance management as well as treasury management. Read more »

Nationwide and ClearBank announce partnership

ClearBank and Nationwide, the world’s largest building society, have today announced their partnership as the Society prepares to launch a game-changing business current account for Britain’s 5.6 million small businesses. Read more »

UnionBank is First PH Bank to Use Blockchain-based Tokenized Fiat for Account-to-account Cross-border Remittance

Union Bank of the Philippines (UnionBank) recently became the first Philippine bank to successfully pilot blockchain-based remittance from Singapore to the Philippines. This was done in partnership with OCBC Bank, Singapore's longest established bank, using the Adhara liquidity management and international payments platform. Read more »

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