Banking

Finastra lands core cloud deal with neobank, Gravity

Finastra has today announced that Gravity, a new UK-based bank seeking authorization to serve SMEs with lending, credit card and deposit services, has selected Fusion Essence in the cloud for its end-to-end core banking capabilities. The cloud-based solution will support Gravity as it launches in the UK and will drive efficiency through loan and deposit book automation. Read more »

finleap gears up to become Europe’s leading financial technology provider

finleap strengthens its position as a fintech SaaS provider to financial institutions and introduces its new business unit finleap connect. The fintech platforms finreach solutions and infinitec solutions will become part of this business unit. Furthermore, the existing finleap team will proceed with its work as finleap assets and finleap build. Read more »

Asia is ahead of Europe by the popularity of P2P lending

The analysis of search queries related to P2P lending, which was conducted by the international fintech holding Robocash Group, has shown that relative popularity of P2P lending in many Asian countries is much higher than in some European countries. Read more »

Banking on your voice

NatWest customers will be able to bank from home using just their voice with the launch of a pilot using innovative voice technology enabling customers to do banking through the Google Assistant on their Google Home smart speaker or smartphone. The pilot of 500 customers will run for three months.  Read more »

The Post-Trade Distributed Ledger (PTDL) Group Welcomes Largest Investment Bank in Latin America to its Organising Committee

The Post-Trade Distributed Ledger (PTDL) Group, which brings together major post-trade industry participants and regulators to drive the transformation of distributed ledger technologies within the post-trade landscape, welcomes BTG Pactual the Brazil based investment bank to its organising committee. Read more »

Diebold Nixdorf Names Zeeshan Naqvi As Vice President, Treasurer

Diebold Nixdorf (NYSE: DBD), a world leader in driving connected commerce for the banking and retail industries, today announced that Zeeshan Naqvi has joined the company as vice president, treasurer. Naqvi will report directly to Jeffrey Rutherford, senior vice president, chief financial officer, and will be responsible for leading and overseeing the company's global treasury, risk management and customer financing functions.  Read more »

John Pountain joins Xinja as CTO

Xinja Bank, an independent Australian neobank built from the ground up for mobile, has appointed ‘Bank of the future’ alumnus – John Pountain – as Chief Technology Officer. Mr Pountain, who worked at New York-based neobank, Moven, and before that was at BT Financial and Macquarie Group, is helping build Xinja Bank, with technology that will change banking for Australians who never want to walk into a bank branch or join a bank queue.  Read more »

BBVA has today unveiled the first set of finalists in the eleventh edition of BBVA Open Talent – the world’s biggest fintech competition.

More than 800 start-ups from across the globe have entered this latest edition of BBVA Open Talent, with 90 countries represented. From that list 56 have now been provisionally shortlisted as finalists, all of which come from BBVA’s core operating countries. Read more »

Sberbank makes letter-of-credit business of legal entities available online

Sberbank has implemented a feature on remote banking services on letters of credit in Sberbank Business Online’s system. The service has no analogues on the Russian market. It is already used by more than 600 legal entities. Clients can create applications on letters of credit online and independently send them to the bank to be processed. The whole document flow become electronic: clients can send letters on current deals, make changes, submit... more Read more »

LGPS Central partners with KAS BANK on Cost Transparency Collection & Reporting solution

KAS BANK, the specialist securities services to UK institutional pension schemes, have partnered with asset manager, LGPS Central Limited, for cost transparency collection and reporting services. LGPS Central Limited, one of eight pooling vehicles across England and Wales, is currently responsible for the management and stewardship of approximately £20bn of assets for nine midlands-based Local Government Pension Scheme funds. The nine funds have... 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 »

Trov Launches White-Label Insurtech Platform and Partners with Lloyds Banking Group

Trov (www.trov.com), a global leader in insurance technology, is launching a portfolio of end-to-end digital, white-labelled insurance products designed to be rapidly deployed by financial organisations and insurers. Lloyds Banking Group, the UK's largest retail financial services provider, with around 26 million customers and a centuries-old history, will partner with Trov. Later in 2019, Trov and Lloyds Banking Group will release an innovative... more Read more »

Saxo Bank completes acquisition of BinckBank

Today, Saxo Bank and BinckBank announce that Saxo Bank has completed the acquisition of BinckBank. The acquisition of BinckBank marks an important milestone for the Saxo Bank Group that now services approximately 860,000 clients and holds approximately EUR 46 bn in client assets. By gaining scale and reducing cost and complexity, the Group can continue its ambitious investments in the digital client experience and expand its product offering,... more Read more »

DriveWealth Fuels Revolut’s Major New Commission-Free Stock Trading Service with Technology and Brokerage Execution Services

 DriveWealth, LLC, a U.S. based leader in global digital trading technology, today announced that its technology and brokerage execution services are fueling the major new commission-free stock trading service just introduced by fast-growing fintech Revolut.  The DriveWealth platform is the engine for the new offering launched Aug. 1, giving Revolut’s more than 6 million customers throughout Europe the ability to invest in the U.S. equity market. Read more »

WSO2 Open Banking Release Helps Banks Speed PSD2 RTS Compliance

Banks and financial institutions across the European Union (EU) and United Kingdom (UK) are sprinting to meet the EU’s Second Payment Services Directive (PSD2) Regulatory Technical Standards (RTS) deadline on September 14, 2019. With the newest release of WSO2 Open Banking, WSO2 adds significant new security features aimed at facilitating PSD2 RTS compliance: Read more »

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