Al Rajhi Bank Chooses Diebold's Technology To Drive Branch Automation Strategy
- 9 years 11 months ago
- Islamic Finance
Al Rajhi Bank, one of the largest Islamic banks in the world, has selected Diebold's technology to migrate transactions from the traditional teller line to the self-service channel and transform the in-branch banking experience for its customers. In Saudi Arabia, the vast majority of transactions are performed with cash. Approximately 70 percent of all banking transactions are performed inside the bank branch, which leads to long teller queues.
National Bank goes live with iMAL Islamic Core Banking System
- 9 years 11 months ago
- Islamic Finance
Path Solutions, the global Islamic banking software group announced that Kenya-based National Bank successfully went live on April 27th 2015 with iMAL Islamic core banking system for its Islamic window named National Amanah.
ICICI Bank introduces voice recognition for biometric authentication
- 9 years 11 months ago
- Mobile Banking
ICICI Bank, India’s largest private sector bank, announced the launch of voice recognition service which authenticates customers based on their speech patterns and allows them to execute banking transactions through the Bank’s call centre in a quick, secure and convenient manner.
A Minority of the UK now rely on Banks for their International Money Transfers
- 9 years 12 months ago
- Banking
Only 40 per cent of UK consumers would still rather use their bank for international money transfer services than any other available platform, according to research from FXcompared Intelligence, the research division of FXcompared. This lack of a preference for bank-based transfers is seen across a range of currency transaction values.
Misys Launches ‘Outside-In’ Banking Approach for Islamic Banks
- 9 years 12 months ago
- Islamic Finance
Misys, the leading financial software company, today launches Misys FusionBanking Essence Islamic – a major new component in its ground-breaking banking platform, Misys FusionBanking Essence. With an annual growth of 17 per cent, Islamic banking is a key area where banks can stay ahead of their competition and gain market share. Technology is stagnating banks’ profitability, with Islamic banks averaging just 12.6 per cent Return on Equity, while... more
BPCE investigates dynamic CVV code for online shopping
- 9 years 12 months ago
- Retail Banking
Banque Populaire and Caisse d’Epargne are to pilot a payment card that replaces the three-figure CVV code on the rear of the card with a small screen display that automatically changes periodically. The French banking group plans to put the first cards into the hands of 1000 customers from this September. The bank says the technology, developed by Oberthur, will improve security for consumers purchasing online and entails no changes to the usual... more
Merck Sharp & Dohme Federal Credit Union Expressively Expands Relationship with Fiserv
- 9 years 12 months ago
- Banking
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that Merck Sharp & Dohme Federal Credit Union, based in Chalfont, Pennsylvania, has expanded its relationship with Fiserv through the addition of multiple solutions that will support and strengthen the credit union’s sales culture. The $536 million asset credit union will use the DNA(TM) account processing platform and 19... more
Banks are well equipped to win the customer loyalty race, says new Temenos report
- 9 years 12 months ago
- Banking
Temenos (SIX: TEMN), the market leading provider of mission-critical solutions to the financial services industry, today launches its latest white paper “Experience-Driven Banking – A Race Banks Must Win” at the Temenos Community Forum (TCF) 2015.
Visa certified FIS for EMV testing
- 10 years 9 min ago
- Banking
FIS (NYSE: FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions, today announced that its FIS’ Clear2Pay Open Test Solutions group has been confirmed by Visa for Chip Vendor Enabled Service (CVES) to help streamline and support the deployment of EMV enabled contact and contactless payment devices in the United States.
Transfast Expands Its Global Online Money Transfer Service To China
- 10 years 1 day ago
- Online Banking
Transfast, a leading provider of cross-border p2p payments solutions, today announced the expansion of its mobile and online funds transfer service into China. From the convenience of a mobile device or desktop, customers can easily transfer to recipients’ accounts at all major Chinese banks, delivered within 24 hours.
TimeXtender Announces TX Financials; New Product Eliminates Manual Processing Of Corporate Financial Data
- 10 years 4 days ago
- Corporate Banking
TimeXtender, the world’s largest provider of data warehouse automation (DWA) software for the Microsoft® SQL Server®, today announced the availability of its new TX Financials (TXF) product.
FIS’ Role as Global Tech Partner Earns Multiple Asian Banker Awards
- 10 years 5 days ago
- Banking
FIS™ (NYSE: FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions, continues to garner recognition for the quality of its technology solutions and the strength of service it provides financial institutions.
Swift Business Forum London Delegates Say Regulation Remains A Top Strategic Priority
- 10 years 5 days ago
- Banking
SWIFT held its annual Business Forum London on 23 April 2015, where more than 1,100 industry leaders gathered to discuss the latest trends and innovations in financial services. The theme of this year’s forum was ‘Harnessing change in financial services’, and the programme explored how the industry can channel innovation to address challenges such as regulation, the technology revolution, new entrants and changing customer behaviour.
Euro Pacific Bank adopts T24 in the cloud
- 10 years 5 days ago
- Banking
Temenos (SIX: TEMN), the market leading provider of mission-critical solutions to the financial services industry, today announces that Euro Pacific Bank Ltd, has selected T24, Temenos’ core banking platform and anti-money laundering solutions, to be delivered via the Microsoft Azure cloud. With this move the bank gains access to a highly scalable and automated platform to support its rapid growth.
Fiserv Recognized as a Mobile Banking and Payments Leader by IDC MarketScape
- 10 years 5 days ago
- Banking
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that it was named a leader in both the IDC MarketScape: North American Mobile Banking Software Solutions Vendor Assessment (March 2015) and the IDC MarketScape: North American Mobile Banking Payments Software Vendor Assessment (April 2015). Fiserv was recognized due to its broad range of implementations, focus on mobile payments and... more
