Banking

Brits Wary of New Technology in Banking, Despite High Demand

While British consumers expect their banks to ensure that the latest technology is available, consumers’ rate of adoption does not necessarily meet the rate of innovation. Nearly a third (30 percent) of Brits say their bank is over-ambitious introducing additional services on different devices, saying they do not need or want more ways to interact. At the same time, over two-thirds (69 percent) expect their bank to be delivering the latest... more Read more »

Syncordis Announces Global Strategic Partnership with Temenos

Syncordis S.A., a wholly owned subsidiary of Larsen & Toubro Infotech (LTI), today announced a strategic global partnership with Temenos, the banking software company. This partnership will enable Syncordis to seamlessly offer an array of Temenos certified services to banks across the globe. Read more »

More Global Banks Commit to Finastra’s Fusion LenderComm

Finastra has signed three global banks on its Fusion LenderComm platform as part of a coordinated campaign, including BNP Paribas, Natixis and Societe Generale. With NatWest, which joined recently, the ramp up signals a move towards a new era of efficiency in this complex space.    Read more »

ICS Financial Systems to Participate at AAOIFI’s Shari’ah Conference, 17th Edition

Manama, Kingdom of Bahrain: ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, has participated in the 17th Annual Shari'ah Conference of The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), the leading  international not-for-profit organisation primarily responsible for development and issuance of standards for the global Islamic finance... more Read more »

Atom bank select TruNarrative for next generation protection against financial crime

TruNarrative are proud to announce their latest partnership with the UK’s first bank built exclusively for mobile and tablet, Atom bank plc, to provide an AML transaction monitoring and financial crime customer screening and monitoring solution. Read more »

New Hong Kong Virtual Banking Licenses

The Hong Kong Monetary Authority (HKMA) announced (9 May 2019) that the Monetary Authority has granted banking licences under the Banking Ordinance to Ant SME Services (Hong Kong) Limited, Infinium Limited, Insight Fintech HK Limited and Ping An OneConnect Company Limited for them to operate in the form of a virtual bank. The granting of these banking licences takes effect today. According to their business plans, these four newly licenced... more Read more »

Judo Bank goes live with cloud-native, cloud-agnostic Temenos T24 Transact

Judo Bank, the first SME focused bank operating in Australia, today announced that it has gone live in record time with Temenos T24 Transact, Analytics, Financial Crime Mitigation and Channels – a module of Temenos Infinity – running on Temenos Cloud. Read more »

Outdated Technology Preventing Banks from Investing in Disruptive Technologies, according to Fenergo Survey

Fenergo, the leading provider of digital Client Lifecycle Management (CLM) software solutions for financial institutions, revealed that 20% of C-suite executives in banks say that the maturity of their technology infrastructures is preventing them from investing in new, disruptive technologies including big data analytics and Artificial Intelligence (AI) to improve CLM. 67% are not currently partnered with a fintech/regtech provider to improve... more Read more »

IHS Markit Launches Solution to Speed New Account Onboarding

IHS Markit (Nasdaq: INFO), a world leader in critical information, and analytics, today announced the launch of Onboarding Accelerator, a new solution to help banks and other service providers open accounts with institutional clients more quickly.  Onboarding new clients is complex in financial services because of the amount of information the bank or service provider must collect to satisfy know your customer, anti-money laundering, credit,... more Read more »

Wolters Kluwer’s Lien Solution Launches Portfolio Sync

Wolters Kluwer’s Lien Solutions has launched Portfolio Sync, a first-of-its-kind lien management solution designed for lenders who use multiple methods of submitting Uniform Commercial Code (UCC) filings. Read more »

Leading Tunisian Bank Taps Temenos to Drive Digital Transformation and Future Growth

Temenos (SIX: TEMN), the banking software company, today announced that the Arab Tunisian Bank (ATB) has become the latest bank in the country to select Temenos for its digital transformation program. ATB will transform its bank with Temenos Infinity, the breakthrough digital front office product, and Temenos T24 Transact, the next generation core banking software. Read more »

Wirecard Partners with Orange to Launch Innovative New Digital Payment and Banking Service in Eastern Europe

Wirecard, the global innovation leader for digital financial technology, is expanding its collaboration with Orange in the field of digital payment and banking. Together with Orange Money in Romania, Wirecard is now offering an innovative financial commerce solution that allows contactless payments with physical and virtual Orange Money debit cards, smartphones, as well as Fitbit and Garmin smartwatches. Read more »

Discover Survey Shows Consumers More Satisfied with No Annual Fee Credit Cards

A new survey from Discover suggests that paying an annual fee on a credit card does not always guarantee satisfaction with it. The collected data showed that 70 percent of consumers are very satisfied with their credit cards with no annual fee, while in contrast, only 35 percent of respondents said they are equally satisfied with their credit cards that require an annual fee. Read more »

Pacific National Bank Opts NYMBUS to Rapidly Launch New Digital-Only Bank

NYMBUS®, the world’s most advanced revenue and technology solutions company, today announced Pacific National Bank (PNB) has selected NYMBUS SmartLaunch to outsource the technology infrastructure and full operations of its new digital-only bank. PNB’s digital bank will offer a smooth, effortless online and mobile banking experience to a targeted audience of young professionals throughout the state of Florida with additional metropolitan areas to... more Read more »

Sumitomo Mitsui Trust Bank (Japan) selected Acumennet to be deployed across 6 Overseas Offices to support their Treasury Operations

Profile Software, an international financial services solutions provider, announced today the selection of Login’s Acumennet by Sumitomo Mitsui Trust Bank, (SuMiTB) in Japan to support their Treasury operations across six overseas offices in the United Kingdom, USA, China, Singapore, Hong Kong and Thailand. Read more »

Pages

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel