Banking

Oromia Bank Goes Live with Upgraded Solution

Oromia International Bank, a decade-old private commercial bank, has gone live with an advanced core banking solution. ICS Financial System (ICSFS), a company from the United Kingdom, developed the system that works for interest-free, corporate internet, retail and mobile banking services. The system was fully implemented last month after the duo signed the agreement two years ago. ICSFS secured the project after vying with seven other companies... more Read more »

Founder and current CEO, Steve Kirsch, to assume Chief Innovation Officer role

Leading open banking platform provider, Token.io, today announces the appointment of Todd Clyde to the position of CEO, effective immediately. Token’s Founder and current CEO, Steve Kirsch, assumes the role of Chief Innovation Officer and retains his position on Token’s Board. Todd assumes the leadership role following three successful years as Token’s COO.  Read more »

Nomanini raises $4m in funding round led by Standard Bank

Nomanini, the pioneering fintech platform for the informal retail ecosystem, has today announced a $4m funding round led by Standard Bank, Africa’s largest bank, and completed by Goodwell Investments, an Amsterdam-based investment firm focused on fintech and financial inclusion.  Read more »

Citi APIs for Treasury Services Reach a New Milestone

CitiConnect®, Citi's API connectivity platform has reached a new milestone, with more than 157 million API calls processed since its launch in November 2016. The APIs for Treasury Services, accessed through CitiConnect®, allow clients to seamlessly access a growing number of Citi solutions directly into their treasury workstations or enterprise resource platforms (ERP). Of the total API calls, the majority were from companies located in the Asia... more Read more »

SEBA receives FINMA banking and securities dealer licence allowing it to close the gap between traditional and digital asset markets

SEBA Crypto AG (SEBA) announced it has successfully obtained a banking and securities dealer licence* from the Swiss regulator FINMA. This represents a milestone for the entire digital asset market ecosystem, as a new secure and integrated access point to the crypto world is now available. The 2018 founded start-up, led by CEO Guido Bühler, has successfully built a licenced and supervised bank within 17 months. The official go-live is expected... more Read more »

Meniga appoints Arpit Kaushik as COO

Meniga welcomes Arpit Kaushik as Meniga’s new Chief Operating Officer. Based out of Meniga’s London office, Arpit will be responsible for engineering, professional services, infrastructure services, global sales, and operations. For the past decade, Arpit has been building and developing high-performance teams within the technology sector in senior roles including Digital General Manager, Banking & Capital Markets at DXC Technology, General... more Read more »

Onfido joined by Monese, Seedrs, Curve and B-Social in testing portable identity

Onfido announce today that leading UK FinTechs Monese, Seedrs, Curve and  B-Social are joining with us in the FCA regulatory sandbox test, alongside tech partners Evernym and Deloitte, to demonstrate that there’s a better, safer and more secure way to make identity verification work for both customers and businesses.  Read more »

TruNarrative provides cutting-edge compliance platform for FinTech money innovator Tally®

Financial crime and compliance software firm TruNarrative has been appointed by cutting-edge banking app Tally®, to enhance the customer onboarding and identity verification processes. Tally® is the first banking app to offer consumers an alternative physical asset currency for everyday spending – where one Tally® is one milligram of vaulted gold owned by the customer – through the Tally® platform and debit Mastercard®, like a regular bank... more Read more »

Standard Chartered Bank joined with SAP Ariba to bring financial supply chain solutions to the world’s largest digital business network

Standard Chartered Bank and SAP Ariba today announced a strategic collaboration to make the Bank’s financial supply chain solutions easily accessible to businesses in the Asia Pacific region through Ariba Network, the world’s largest digital business network connecting more than 4.2 million companies in 190 countries. Read more »

Avaloq successfully onboards Banque Morval onto Intesa Sanpaolo’s BPaaS solution in just nine months

Intesa Sanpaolo Private Bank (Suisse) SA and Avaloq have successfully onboarded Banque Morval onto Avaloq's Business Process as a Service (BPaaS) solution in just nine months. The merger of Intesa Sanpaolo Private Bank (Suisse), the Italian Intesa Sanpaolo group’s Swiss private banking subsidiary, and Banque Morval was completed in April last year and created the new legal entity Intesa Sanpaolo Private Bank (Suisse) Morval. Read more »

Trustly appoints Louise Nylén as new CMO

Trustly, the leading online banking payments company, announces today the appointment of Louise Nylén as Chief Marketing Officer (CMO). The CMO position is a newly established role which entails overall responsibility for Trustly’s marketing and brand-related activities. Louise Nylén will report to the CEO, be part of the management team and play an important role in driving Trustly’s growth towards becoming the next-generation global payments... more Read more »

Emirates NBD enhances data-driven decision making as first global bank to leverage SAP Financial Services Data Platform

Emirates NBD, a leading bank in the Middle East, has partnered with SAP, a market leader in enterprise software, to become the first bank globally to implement SAP Financial Services Data Platform. It is powered by SAP in-memory data platform, SAP HANA and can now deliver customer intelligence across all Emirates NBD Group market segments, entities and countries. Read more »

Bank Hapoalim Opts for Wolters Kluwer’s OneSumX Software for Measuring Counterparty Credit Risk (SA-CCR)

Bank Hapoalim, one of Israel’s largest banks has selected Wolters Kluwer’s OneSumX solution for Risk Management, specifically using the software for managing its credit risk profile. Read more »

Sberbank analyses myths about consumer lending ‘bubble’

Under the SberData project (Sberbank's initiative on processing and analysing big data), Sberbank has researched the consumer lending market: wage dynamics, interest rates, period and amount of loans, refinancing, expense structure and other aspects. The fast growth of retail loans over the past two years caused concerns over a possible bubble on this market. Data of Sberbank, Bank of Russia, Rosstat and lending bureaux don’t support the... more Read more »

Revolut integrates with Xero to launch new expense management tool

Revolut for Business has today launched a new Expense Management tool, designed to help growing businesses by removing the hassle from handling expenses. The innovative fintech has created a simple and intuitive tool with everything in one place, ensuring that no card expenses will be unaccounted for.   Business owners now have the ability to easily approve or reject team expenses, an area that has traditionally been difficult to manage. These... more Read more »

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