Banking

Crealogix Research: Consumers ‘zoned out’ from almost 61 million UK bank accounts

More than half of all UK consumers have at least one bank account they no longer use, but have not yet closed. The research, commissioned by CREALOGIX, found that banking customers are also increasingly opening new accounts with challenger banks because they offer personalised features that consumers are looking for. Read more »

Dutch banking giant goes live with Temenos Continuous Deployment SaaS product

Temenos (SIX: TEMN), the banking software company, today announced that ABN Amro has selected Temenos Continuous Deployment, which utilizes DevOps principles and extends the Temenos DevOps operations into the banks environments, to accelerate the bank’s speed of software delivery and rapidly launch new competitive innovations to the market. Read more »

OpenPayd to Unlock Banking

OpenPayd announced today that they are on a mission to ‘Unlock Banking’. The London-based tech firm will simplify payments and banking for businesses through its modular technology and global license network. The OpenPayd group which comprises the Settle Go and Ozan technologies specialises in serving both B2B and B2B2C organisations. Read more »

Archax Chooses ClearBank For Banking Services

ClearBank has today repored that it has been selected by Archax, a forthcoming institutional digital securities exchange based in London, for its pioneering ‘Banking as a Service’ offering. Read more »

Temenos launches Data Lake to fuel next-generation AI-driven banking applications

Temenos (SIX: TEMN), the banking software company, today launched Temenos Data Lake and is first to market with a robust, productized data lake that integrates big data analytics into its banking software. Temenos Data Lake delivers out-of-the box data integration, preparation and optimization to power AI-driven banking applications. Read more »

Tinkoff Group builds the most powerful supercomputer among financial institutions for AI applications

 Tinkoff Group built its own supercomputer in line with its AI First strategy and ambition to develop a platform for machine learning and artificial intelligence.    The Kolmogorov cluster is designed to quickly train models on large datasets built since the company’s inception 13 years ago. Fast connections between computer nodes improve the efficiency of hardware resources in distributed training on huge data sets.  Read more »

Integral's March Volumes Up 17% On February

Integral's , the technology partner trusted by leading banks, brokers, and asset managers to help them outperform their competition in the foreign exchange market, reported today average daily volumes (ADV) across Integral platforms totaled $39.0 billion in March 2019. This represents an increase of 17% compared to the previous month and 8.8% more than March 2018.   “Our growth in March was driven by a combination of new customers beginning to... more Read more »

MOXY bank opts NYMBUS to Build D.C.'s Newest Bank in Decades

NYMBUS, the world’s most advanced revenue and technology solutions company, today announced that MOXY bank has selected NYMBUS as the technology foundation for Washington, D.C.’s newest bank in 20 years and the DC, Maryland and Virginia region’s first financial institution in over a decade. NYMBUS’ digital-first product suite was selected by MOXY to rapidly meet, respond to and scale its business to handle and exceed today’s evolving financial... more Read more »

Fourteen Banks and Financial Institutions Launch Drive to Develop Multi-trillion Dollar Trade as an Asset Class

Fourteen leading global financial institutions have launched a drive to use technology and standardisation for the wider distribution of trade finance assets. ANZ, Crédit Agricole CIB, Deutsche Bank, HSBC, ING, Lloyds Bank, Rabobank, Standard Bank, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation are among the banks backing the Trade Finance Distribution Initiative (TFD Initiative). Read more »

KHCB Adopts Token.io to enable its Open Banking Services

Khaleeji Commercial Bank (KHCB), one of the leading Islamic banks in Bahrain, recently announced that it has partnered with Token.io as part of the bank's preparations to provide open banking services to its clients in compliance with the new regulatory requirements. Token is represented by Tarabut Gateway, a subsidiary of Almoayed Technologies licensed by the Central Bank of Bahrain (CBB). Read more »

Banks no Longer First Port of Call for Half of Britain’s SMEs

A new survey has revealed that the number of people who have considered going somewhere other than their bank for finance is on the increase. The insights come from a new survey conducted by business finance provider Growth Street. The firm canvassed more than 2,000 directors and employees of British SMEs in January 2019, following up from its inaugural survey in 2018.  As hundreds of millions of RBS competition fund pounds are being distributed... more Read more »

NatWest Trials New Personal Finance App

NatWest are trialling a new companion to the NatWest app called Mimo, which has been designed to help customers save time, save money and enjoy financial peace of mind.  Mimo will help customers budget, remind them of the financial tasks they need to do and provide proactive and personal insights into their money, looking at their bills or day-to-day spending, as well as insurance, subscriptions and utilities and will be able to take direct... more Read more »

New mobile money propositions have the potential to reduce the world’s unbanked population by more than a third

A new report from Mastercard confirms the power of mobile technology to improve financial inclusion. The research shows that 15 countries account for over 60% of the global unbanked population, where 607 million people have a mobile phone, but do not yet have a bank account. Mobile technology could therefore provide them with immediate access to the benefits of financial inclusion. In all but one of these 15 countries (India) people with a... more Read more »

VERMEG Earns Top Marks in 2019 Corporate Equality Index

VERMEG, the banking and insurance software solutions leader, is proud to announce it has received a top mark on the 2019 Corporate Equality Index (CEI). The CEI is recognized as the premier benchmarking survey and report in the United States and abroad on corporate policies and practices related to LGBTQ workplace equality, and is administered by the Human Rights Campaign (HRC) Foundation.   VERMEG joins the ranks of over 560 major U.S.... more Read more »

Deutsche Bank to use Nasdaq tech to operate single dealer platform

Deutsche Bank Securities Inc. (NYSE: DB) and Nasdaq (Nasdaq: NDAQ) are pleased to announce that Deutsche Bank’s new Single Dealer Platform will be developed with Deutsche Bank, and hosted and operated by Nasdaq’s market technology. The expected go-live is targeted for Q3 2019.  Read more »

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