NatWest's Bó Forced to Fend off Fraudsters in Early Days
- 5 years 5 months ago
- Retail Banking
Bó, NatWest's new app-based bank has been actively targeted by fraudsters within weeks of its public launch. The Times reports that around 30% of applications since the product went live two weeks ago have been fraudulent.
Bankable Opens Middle East & Africa Hub in Dubai
- 5 years 5 months ago
- Banking
Bankable, the global provider of “Banking as a Service” solutions, and Visa today announced a strategic collaboration within the Central and Eastern Europe, Middle East and Africa (CEMEA) region. Bankable aims to work with Visa to accelerate the digital capabilities of financial institutions’, build and launch digital banks, reduce cash usage and increase Fintech sponsorship in CEMEA.
Equiduct Launches First Commission-free, on-exchange Trading Service for Retail Brokers in Europe
- 5 years 5 months ago
- Trading Systems, Retail Banking
The service, named Apex, was developed to ensure that private investors can benefit from guaranteed best execution on a European regulated market. Apex will be available for the most liquid and fragmented equities and ETFs across the major European markets and guarantees a multilateral and MiFID II compliant trading environment. The new service is backed by Equiduct's pool of liquidity providers and active brokers.
Co-operative Bank Opens Loans Marketplace
- 5 years 5 months ago
- Retail Banking
The UK's Co-operative Bank has launched a loans marketplace, enabling users to sift through a panel of alternative lenders to find the best deals.
SEBA launches its investment solutions with new crypto index
- 5 years 5 months ago
- Banking
SEBA, an integrated bank focused on digital assets, launches its investment solutions and introduces a new index for cryptographic assets. The SEBA Crypto Asset Select Index (SEBAX) is a dynamic, risk-optimised index with a broad market exposure of the crypto asset market. The underlying proprietary methodology addresses the pitfalls of traditional market value-weighted indices and allows optimized diversification.
ECB Offers Support to Bank-backed Alternative to Visa and Mastercard
- 5 years 5 months ago
- Banking
The European Central Bank has welcomed an initiative by some of Europe's top banks to explore the development of a rival payment system to challenge the dominance of Visa and Mastercard and the threat from Chinese and US Big Tech firms Backed by twenty French and German banks, the The Pan European Payment System Initiative (Pepsi) would seeks handle all forms of cashless transactions. The ECB has long-floated the idea of a home-grown cross-... more
Wolters Kluwer Launches Consumer Lending Online Applications Offering for Community Banks, Credit Unions
- 5 years 5 months ago
- Digital Identity, Banking
Wolters Kluwer’s Compliance Solutions business has launched Online Applications for Consumer Lending (CLA), a digital offering that enhances the online loan origination capabilities of U.S. community banks and credit unions. CLA allows consumers to begin a loan application from any digital device, at any time. It integrates seamlessly with Wolters Kluwer’s ComplianceOne® solution, an industry-leading loan documentation and processing system... more
Credit Suisse Goes Live with AccessFintech’s Global Exception Network
- 5 years 5 months ago
- Trading Systems, Banking
Credit Suisse announces the internal launch of AccessFintech’s trading exception management solution. Following a successful pilot, Credit Suisse has gone live with AccessFintech’s Global Exception Network, taking an important step towards streamlining exception management resolution across the Prime Brokerage industry. The new technology will reduce the time needed to resolve exceptions and help clear bottlenecks that could prevent trade... more
Fintech Particeep closed a €1.2 million Venture Loan funding with La Banque Wormser Frères
- 5 years 5 months ago
- Banking, FinTech StartUps
The French Fintech Particeep has closed a Venture Loan funding agreement with La Banque Wormser Frères. This innovative funding brings the amount raised by the FinTech since its inception to 2.5 million euros and will enable it to strengthen its business development in France and abroad as well as its efforts in research and development.
Barclays opens new transaction banking branch in Luxembourg
- 5 years 5 months ago
- Banking
As part of Barclays’ efforts to build its European Corporate Banking proposition, the bank has today launched a new branch in Luxembourg to provide multinational clients with transaction banking services. The branch will focus on offering corporates and financial institutions a range of banking products, including cash management, debt, foreign exchange and trade finance facilities.
Orange Bank Launches in Spain
- 5 years 5 months ago
- Banking
French telco Orange is launching its mobile-only bank in Spain, tempting customers with a discount on their phone bills. Having launched in its home market of France two years ago, Orange Bank arrives in its second country this week, with customers able to open a current account with a Spanish Iban without any registration fee. The bank is also offering a one per cent interest rate for deposits of up to EUR20,000 and a EUR30 discount on... more
ICSFS’ Islamic Team Participates in AAOIFI's Intensive Workshop Following the 14th AAOIFI-World Bank Annual Conference
- 5 years 5 months ago
- Banking, Islamic Finance
ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, Islamic team have participated in The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) workshop, the leading international not-for-profit organisation primarily responsible for development and issuance of standards for the global Islamic finance industry.
Canada's EQ Bank Moves Core Banking System to the Cloud
- 5 years 5 months ago
- Banking
EQ Bank, the digital arm of Canada's Equitable Bank, has moved its entire core banking system to the cloud. Launched in 2016, EQ Bank has surpassed $2.5 billion in deposits, offering consumers high interest savings and an optional checking account. The challenger brand says the shift of its architecture to Microsoft Azure will reduce overheads and ready the bank for up-an-coming innovations in open Banking. The move is supported by long-term... more
RBC Backs University Programme on Ethics in AI and Data Analytics
- 5 years 5 months ago
- Retail Banking
Royal Bank of Canada (RBC) is joining forces with Western University on a programme exploring the ethical and social aspects of data analysis and AI.
Wethaq Launches First Sukuk on its Market Infrastructure Using SWIFT gpi Link
- 5 years 5 months ago
- Wholesale Banking
Wethaq announced that it has issued the first pilot Sukuk on its securities market infrastructure for the Islamic capital markets under the supervision of the Dubai Financial Services Authority.
