43 Banks Among Winners in the 2023 Infosys Finacle Innovation Awards
- 2 years 11 months ago
- Banking
Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, today announced the winners of the annual Infosys Finacle Innovation Awards 2023. 43 financial institutions from across the world were recognized for actively pursuing innovative strategies to differentiate themselves and maintain a competitive edge in the banking industry.
Crown Agents Bank Joins the World Economic Forum New Champions Community
- 2 years 11 months ago
- Banking
Crown Agents Bank, a market leader in B2B cross-border payments and foreign exchange, specialising in emerging markets, today announced it has joined the World Economic Forum’s (WEF) New Champions Community.
Core Banking: Skaleet Joins BIAN to Promote a Common Framework Through a Coreless Banking Approach
- 2 years 11 months ago
- Core Banking
Skaleet, a fintech company offering a new generation of Core Banking, today announced it has joined the Banking Industry Architecture Network (BIAN), an organization that promotes and provides a common framework to shape the future of banking technology. Skaleet will share its expertise in next-generation Core Banking with BIAN members and partners to develop a shared vision for creating common standards, modern technology, and driving Core... more
Banks Prejudiced Against SMEs Say 70% of Owners
- 2 years 11 months ago
- Banking
Nearly three-quarters of SMEs (70 per cent) say their bank actively discriminates against them in favour of larger companies, according to new research from HedgeFlows, a leading fintech platform. The findings were contained in a survey of 500 UK SME owners, conducted by independent polling agency Censuswide. The research quizzed industry chiefs about access to finance, support and tools for international expansion.
Embedded Working Capital and Unlimited Liquidity will Enhance the Breadth of the Bankable Banking Infrastructure Core Proposition
- 2 years 11 months ago
- Core Banking
Bankable, a pioneer in the Banking-as-a-service industry, today announced the acquisition of Arex Markets, giving the combined company the ability to embed credit and working capital into the payment flows of established neobanks, multinational brands and fintech platforms. Arex Markets’ proprietary technology enables investors to finance a variety of commercial papers to seamlessly speed up payment flows and ease the working capital challenge.
Cost-of-living Pressures Drive Consumer Adoption of Embedded Banking, Fuelling Brand Loyalty
- 2 years 11 months ago
- Banking
New research from Vodeno/Aion Bank has revealed how embedded banking adoption is significantly boosting brand loyalty for companies, with consumers more likely to use embedded banking products from brands as a result of the cost-of-living crisis.
GMEX ZERO13 and Zumo Collaborate on New Carbon Credit Offering for Banks and Corporates
- 2 years 11 months ago
- Banking
ZERO13, a GMEX Group initiative providing a digital climate fintech aggregation ecosystem, and Zumo, the B2B digital assets infrastructure, announce a collaborative solution targeted at banks and their corporate and institutional clients who are looking to account for the carbon footprint of their digital assets and any aspect of their value chain.
Citi TTS Selects Pismo to Enrich Global Demand Deposit Account Solutions
- 2 years 11 months ago
- Banking
Citi Treasury and Trade Solutions (TTS) and Pismo, the next-gen banking and payments software company, jointly announced their relationship in which Citi will use Pismo’s technology platform to help strengthen Citi’s corporate demand deposit accounts (DDA), to clients worldwide.
Spanish Banks Ahead of Global Trend for Rationalising Portals
- 2 years 11 months ago
- Banking
Digital business and IT services leader NTT DATA recently announced new global research into corporate banking, which has highlighted that increasing corporate demand for an omnichannel banking experience continues to grow, and so it is vital to rationalise the new and emerging technologies used to create that experience in order to keep banking inclusive.
IndusInd Bank Partners with Wise Platform to Bring Low-cost and Quick International Payments to India
- 2 years 11 months ago
- Banking
Wise Platform is very excited to announce our first Wise Platform bank integration in India with IndusInd Bank! The partnership will give non-resident Indians (NRI) living abroad faster, cheaper and more convenient international transfers to India, available directly in the Indus Fast Remit platform.
UK Small Business Equity Investment Declined 11% in 2022 Driven by a Downturn in Market Conditions in Second Half of the Year, as Ongoing Market Challenges Continue into 2023
- 2 years 11 months ago
- Banking
The total value of equity investment in the UK’s small businesses declined by 11% to £16.7bn in 2022, driven by a downturn in market conditions, reveals the British Business Bank’s annual Small Business Equity Tracker, published today. The total number of deals also saw a modest decline of 7%, falling from 2,912 in 2021 to 2,702, the first annual drop in equity deal volumes since the Beauhurst data series began in 2011.
Global Banks to Spend $57 Billion on Legacy Payments Technology in 2028, Impacting Costs and Limiting Growth
- 2 years 11 months ago
- Banking
According to a new study by IDC Financial Insights sponsored by Episode Six (E6), a global provider of enterprise-grade payment processing and digital ledger infrastructure, spending on legacy paytech is rising rapidly and damaging the growth prospects of banks around the world. Global financial institution (FI) spend on outdated payment systems is expected to climb to $57.1 billion in 2028 from $36.7 billion in 2022, with an average annual... more
Only 29% of Young People Trust Financial Institutions to Act Ethically, According to New Research by Fairer Finance Pioneer etika
- 2 years 11 months ago
- Alternative Finance
etika, the purpose-driven, people-first finance provider of fair and ethical finance, has today released the results of a new consumer insights survey* exploring the attitudes of young people in the UK towards the environmental and social impact of financial products.
Be Ready - Iliad Offers Testing Solution for Banks Signing Up to Federal Reserve’s FedNowSM Service
- 2 years 11 months ago
- Banking
Iliad Solutions, a global leader in payments testing, is offering support to financial institutions adopting the new FedNow Service to help them get ‘Service’ ready. The FedNow Service, due to go live in July, will give financial institutions across the US the opportunity to provide new, safer and efficient, instant payment services in real-time, 24/7. Testing is critical
Belgium’s Keytrade Bank Selects Infosys Finacle Suite for Core Banking Transformation
- 2 years 11 months ago
- Core Banking
Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, and Keytrade Bank, the first online bank in Belgium and part of Credit Mutuel Arkea, one of France’s largest banking groups, today announced the bank’s decision to select Infosys Finacle as the preferred partner for the modernisation of its core ba
