Banking

AAOIFI grants compatibility of compliance certificate to iMAL Islamic financial software of Path Solutions

The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) carried out a rigorous process of testing the compliance of iMAL Islamic financial software and issued a certificate to confirm its compliance with AAOIFI’s Shari’ah and Financial Accounting standards. Read more »

ING spins out advanced analytics portfolio tool Katana to accelerate its growth

ING announced the spin-out of Katana, the advanced analytics platform that supports portfolio managers in making faster and sharper investment decisions. To enable further growth and to pave the way for an independent future for Katana, ING Ventures will invest a further £1.5m alongside other investors, as part of a £3 million funding round. Katana Labs ltd has incorporated in the UK and has its offices in London. Read more »

Visiting the bank has never been so easy: appointments via Garanti BBVA’s mobile app

Transactions using mobile devices top the list, accounting for 72 percent of all financial transactions. Garanti BBVA understands, however, that some customers prefer to physically visit a branch to do their banking. Read more »

Nisir Microfinance Institution to Choose ICS BANKS from ICSFS to Drive its Growth in Ethiopia

Nisir Microfinance Institution (Nisir MFI), an innovative and growing microfinance institution in Ethiopia, has selected ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, to be its technology partner in providing a turnkey project, delivering its ICS BANKS Microfinance solution. Read more »

Commerzbank acquires comdirect equity stake and holds more than 90 percent of comdirect

Commerzbank AG will acquire an equity stake in comdirect bank Aktiengesellschaft ("comdirect") from institutional investor Petrus Advisers Ltd. through its subsidiary Commerzbank Inlandsbanken Holding GmbH. The purchase price has not been disclosed. Read more »

Emirates NBD boosts AED 1 billion digital transformation with new milestone in core banking system upgrade

Emirates NBD, a leading banking group in the region, has completed the third phase of its international core banking system upgrade, as it forges ahead with its ongoing digital transformation efforts to boost innovation and efficiency across its domestic and international operations. Read more »

UK’s Fastest-Growing FinTech Companies: Deloitte Fast 50 Winner

Deloitte has announced its selection of this year’s 50 fastest-growing technology companies in the UK, naming digital banking unicorn Revolut as the top tech company. Deloitte’s 2019 UK Technology Fast 50 awards recognize and rank the top 50 tech companies in the UK based on the last four years of revenue data. Fintech unicorn Revolut emerged as the overall winner, generating an average three-year growth rate of 48,477% to the year 2018/2019 –... more Read more »

Self-Service Banking Asia 2020 – transforming growth challenges into opportunities

RBR’s Self-Service Banking Asia conference will be hosted in Vietnam for the first time in 2020. The region’s leading conference on self-service and digital banking, taking place in March, will address the most important issues facing the industry today. Southeast Asia – where banking races to keep pace with demand Read more »

ING to appoint Pinar Abay as head of Market Leaders and member of the Management Board Banking

ING announced today that Pinar Abay will be appointed member of the Management Board Banking and head of Market Leaders, taking up the responsibility for ING’s operations in the Benelux. She will take up her new position per 1 January 2020. Read more »

Apple Pay arrives for St.George, BankSA and Bank of Melbourne customers

Apple Pay is now available for St.George, BankSA and Bank of Melbourne customers with an eligible Visa debit or credit card. With Apple Pay, customers can make fast and convenient purchases in stores, in apps and on participating websites. In addition, Westpac Group has committed to delivering Apple Pay for Westpac customers by June 2020. David Lindberg, Westpac Group Chief Executive, Consumer, said launching Apple Pay for customers has been a... more Read more »

Temenos adds wealth management apps to Temenos Infinity for Retail Banking, broadening services to increase retail banks’ competitiveness

Temenos (SIX: TEMN), the banking software company, has strengthened its cloud-native, cloud-agnostic Temenos Infinity for Retail Banking offering with the introduction of the Robo-Advisor and Goal-Based Investing apps. This game-changing addition allows retail banks to quickly and easily get to market and effectively compete against investment firms. They are further able to differentiate themselves against retail banks that do not offer... more Read more »

HSBC Joins OpenFin’s Series C Financing Round

OpenFin, the operating system (OS) of finance, announced today that HSBC has joined its Series C financing round, bringing the total amount raised in this round to $22 million and total funding to date to $45 million. OpenFin will use the latest round of financing to expand its product offering into Asian markets and to fund new product initiatives. Now used at more than 1,500 banks and buy-side firms across nearly 200,000 desktops in 60+... more Read more »

Andigo Credit Union Donates $5,000 to Clearbrook

Andigo Credit Union is proud to be able to donate $5,000 to Clearbrook, a nonprofit organization that creates innovative opportunities, services and supports for more than 8,000 people with intellectual/developmental disabilities each year. Andigo selected Clearbrook to receive this charitable donation in a show of support for its programs and services. Read more »

Instant Payments a first step on the journey to real-time treasury, says Deutsche Bank

Deutsche Bank’s guide to Instant Payments shows global trends in their development and sets out how corporates can prepare for the future of payments and treasury. Over the past five years, Instant Payment schemes have been developed across the world, gaining the attention of consumers, banks, corporates and regulators. While initially making waves in the consumer-to-consumer space, Instant Payments have grown in global prominence for consumer-... more Read more »

Saxo Bank and Geely Holding Group to Establish Fintech Joint Venture Serving the China Market

Saxo Bank A/S (Saxo Bank) and Geely Sweden Holdings AB, a subsidiary of Zhejiang Geely Holding Group Co. Ltd, (Geely), announced that the two parties have signed an agreement to establish a technological joint venture (JV)  to provide financial and regulatory technology solutions to financial institutions such as banks and fintechs in China. The ownership structure of the new joint venture will be an equal fifty percent split between Saxo Bank... more Read more »

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