Ripple Expands Japan Bank Consortium to 61 Members
- 7 years 10 months ago
- Banking
Less than a year ago, SBI Ripple Asia announced the creation of a Japanese consortium of banks who will use Ripple’s technology for payments and settlement. The set of banks set out to be the first in Japan to conquer the slow and costly pain points associated with sending payments using current rails. A few short months later, the consortium grew to 47 banks that successfully completed a pilot implementation of Ripple to enable real-time money... more
FRFCU Executes Roostify Home Loan Platform
- 7 years 10 months ago
- Banking
Roostify, a provider of automated mortgage transaction technology, today announced that Financial Resources Federal Credit Union (FRFCU) has implemented Roostify’s mortgage technology platform in order to create a better online experience for its members applying for or refinancing a home loan.
CapStar Bank Selects Baker Hill NextGen™ Consumer Loan Origination for Direct Lending to Support Continued Loan Growth
- 7 years 10 months ago
- Banking
Baker Hill, a leading provider of technology solutions for common loan origination, relationship management and smart data analytics, announced that CapStar Bank selected Baker Hill NextGen™ Consumer Loan Origination for Direct Lending to streamline its entire consumer lending process and accommodate its growing loan portfolio.
Alpha One Events Announce SAS as Strategic Analytics Partner at the Middle East NXT Banking Summit
- 7 years 10 months ago
- Banking
SAS has joined the Middle East NXT Banking Summit as the Strategic Analytics Partner. The event, which is organized by Alpha One Events, is scheduled on September 26 & 27’ 2017 at The Address Dubai Marina in Dubai, UAE. The event will bring together industry leaders to explore the impact of futuristic banking technology innovation along with partnerships and collaboration with fintech can transform the customer value chain across the Middle... more
Finastra signs Oman Arab Bank
- 7 years 10 months ago
- Retail Banking
Oman Arab Bank (OAB) has committed to deploy FusionBanking Essence from Finastra in each of its 65 branches and representative offices across the Sultanate. The bank, which is the third largest in Oman, will transition from its current FusionBanking Equation platform as it diversifies its business to accelerate growth and renews its focus on customer-centricity.
Open Banking Launches Account Information and Payment Initiation API Specifications
- 7 years 11 months ago
- Banking
Open Banking, the implementation entity set up by the Competition & Markets Authority (CMA) to enable a new, secure way for customers to take control of their financial data and share it with organisations other than their banks, is pleased to announce the release of its Accounts and Transaction Information and Payments Initiation API Specifications.
Pendo CEO Pamela Pecs Cytron talks about unstructured data in business debate interview
The exponential increase in the amount of data held by financial institutions, 80 percent of which is unstructured data, is fast becoming a key challenge for CTOs/CIOs in financial institutions around the globe.
Path Solutions Wins Two Categories at ACQ5 Global Awards 2017
- 7 years 11 months ago
- Islamic Finance
Path Solutions, the leading Islamic financial software company, has been recognised as ‘Core Banking System Provider of the Year - Islamic Finance’, while its cutting-edge iSHRAQ*Microfinance was selected as ‘Sharia-Compliant Microfinance Solution of the Year’ for the third year running, at the recently concluded ACQ5 Global Awards 2017.
Sberbank goes live with Spire and Lanter innovative mobile POS solution across four major Russian cities
- 7 years 11 months ago
- Transaction Banking, Payments, Banking
Spire Payments and its official Russian distributor Lanter have developed an innovative mobile POS solution to capture transportation and municipal payments in major cities throughout the Russian Federation. The initiative is spearheaded by Sberbank, the market-leading acquiring bank in the region and is driven by the desire to expand into new market sectors. This ground-breaking initiative has just been deployed in four major cities: Sankt... more
Core Banking Provider Ohpen secures € 15 Million Series B financing at €100 million valuation
- 7 years 11 months ago
- Core Banking
Cloud-based core-banking provider Ohpen has secured a € 15 million Series B investment round led by private equity firm Amerborgh to accelerate international growth. Ohpen, founded in 2009, is a cloud-based core-banking engine, built for the efficient administration of retail investment and savings accounts.
Turkish Bank Becomes First Bank to Implement Bacs’ New Low Cost Access Solution
- 7 years 11 months ago
- Banking
A pioneering approach to access has seen Turkish Bank become the 18th and latest member of Bacs Payment Schemes Ltd (Bacs), the company behind Direct Debit and Bacs Direct Credit. This new access solution is available to other smaller payment service providers (PSPs), allowing those with low transaction volumes simplified connectivity to these major payment schemes.
SME Insights Dashboard Firm 9 Spokes Signs Letter of Intent with RBC
- 7 years 11 months ago
- Banking
9 Spokes, the business insights dashboard for SMEs, is pleased to announce it has signed a letter of intent (LOI) to provide a white-label version of the 9 Spokes platform to Royal Bank of Canada (RBC).
BMCE Bank of Africa Executes Megara Suite from Vermeg
- 7 years 11 months ago
- Banking
As part of the modernization of its information system, BMCE BANK OF AFRICA selected the MEGARA© suite by VERMEG as a solution for managing the securities business. The new platform has been in production since 2nd of May.
Oromia International Bank Opts for ICS BANKS ISLAMIC System from ICSFS
- 7 years 11 months ago
- Banking
Oromia International Bank (OIB) will be implementing ICSFS’ universal Islamic flagship, ICS BANKS ISLAMIC in its head quarter and its 200+ branches; this mile stone project will provide Oromia International Bank with world-class fully integrated banking solutions which are designed and developed following the principles of Shari’a of which; ICS BANKS ISLAMIC Core Banking, Murabaha, Musharaka, Ijara, Istisna’a Tawaruq, Mudaraba, Salam, Qard... more
9 Spokes Signs Letter of Intent with Royal Bank of Canada
- 7 years 11 months ago
- Banking
9 Spokes, the business insights dashboard for SMEs, is pleased to announce it has signed a letter of intent (LOI) to provide a white-label version of the 9 Spokes platform to Royal Bank of Canada (RBC). RBC is the market-leading retail bank in Canada, with broad leadership in financial services, and one of the largest banks in the world, based on market capitalisation. RBC was recently ranked ‘Best Global Retail Bank of the Year’ by RBI, and ‘... more
