Banking Competition Remedies enhances Incentivised Switching Scheme Dowries to Encourage Further Switching
- 5 years 11 months ago
- Banking
Banking Competition Remedies Limited (BCR) is today announcing details of enhanced dowries for the lower four bands of the Incentivised Switching Scheme (ISS), and an increase in dowries for loans. This comes having reviewed performance of the Scheme as a whole and discussed this with RBS and ISS participants to which the majority of customers have switched since the Scheme started.
NatWest Reaffirms Support for UK Businesses by Removing Monthly Current Account Fee
- 5 years 11 months ago
- Banking
NatWest has today reaffirmed its commitment to supporting UK SMEs by removing the minimum monthly fee from its Business account and launching its free ‘Business Builder’ digital coaching programme for start-ups and entrepreneurs,
Group Chairman & CEO of Path Solutions ranked among the Top 50 Global Leaders of the Islamic Economy
- 5 years 11 months ago
- Islamic Finance
Mohammed Kateeb, the Group Chairman & CEO of Path Solutions has been listed by ISLAMICA 500 as one of the world’s Top 50 distinguished personalities who have made a major impact on the Islamic economy again this year. The announcement was made during the kick off of the Edition 2020 at a gala dinner at The H Dubai on Tuesday 18 February, bringing together a mix from the world’s most prominent leaders of the industry, as well as regulators... more
National Bank of Yemen Selects ICS BANKS Digital Banking from ICSFS to Drive its Digital Transformation
- 5 years 11 months ago
- Banking, Islamic Finance
National Bank of Yemen (NBY), one of the largest commercial banks and a prominent contributor to the economic and social development in Yemen; has selected ICS BANKS Digital Banking software from ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, to grow its operations domestically and internati
Leading Vietnamese bank MSB selects Mambu to underpin digital transformation
- 5 years 11 months ago
- Banking
MSB, one of Vietnam’s leading commercial banks, has announced it will adopt Mambu’s cloud-native banking platform as its key technology solution to help the business undergo a radical digital transformation. MSB plans to launch Vietnam’s first digital bank by end of 2020.
Major bank in the South Urals joins Faster Payment System
Credit Ural Bank has become the first local bank in the Chelyabinsk Region to join the Fast Payment System (FPS). The bank’s entry into the FPS will enable its customers to make payments using their mobile phone numbers as a token.
Thought Machine Raises $83m in Series B Funding
- 5 years 11 months ago
- Banking
Thought Machine raises $83m in series B funding to drive global growth and banking transformation mission. Thought Machine, the cloud native core banking technology firm, has raised $83 million to drive the next phase of its growth. The funding will strengthen Thought Machine’s mission to transform banking by deploying modern cloud-native systems and continue investment in its core engineering capability. The funding will also be used to drive... more
Wirecard and Xolo offer seamless banking for freelancers on a global scale within the “gig economy”
- 5 years 11 months ago
- Banking
Wirecard, the global innovation leader for digital financial technology, is cooperating with Xolo, formerly LeapIN, the online platform for launching and running micro-businesses anywhere in the world, to offer fully digital seamless banking for entrepreneurs. The new partnership will enable Xolo, supported by Wirecard’s digital banking services, to revamp and enhance the banking and accounting aspect of its current platform.
Avaloq named Best Core Banking Platform in Asia
- 5 years 11 months ago
- Banking
Avaloq, the global fintech leader, has been chosen as the provider of the Best Core Banking Platform in the latest Asian Private Banker Technology Awards. The award is the first Avaloq has won in 2020 and follows a strong year of industry recognition in 2019.
UnionBank and Wirecard cooperate on digital banking services for corporate customers in the Philippines
- 5 years 11 months ago
- Banking
As part of its goal of enabling inclusive prosperity in the country, Union Bank of the Philippines (UnionBank) inked a partnership agreement with Germany-based financial services provider Wirecard to make banking services more convenient and efficient for corporate customers in the financial services ecosystem.
Danske Bank discontinues 400 positions and lays off app. 230 employees across the Group
- 5 years 12 months ago
- Banking
As a consequence of the need to reduce costs, 400 positions are discontinued. As it has not been possible to find other positions in the bank for all affected employees, app. 230 are laid off across the Group.
UK Research: Unsecured Borrowers Favour Banks and Brands Amid Brexit Limbo
- 5 years 12 months ago
- Artificial Intelligence, Banking
Against a backdrop of political and economic uncertainty, UK borrowers turned to established and familiar lenders in 2019, according to a new research report* launched today by Equiniti Credit Services and Credit Kudos.
Finastra powers retail banking innovation with four new fintech apps on FusionStore
- 5 years 12 months ago
- Retail Banking
Finastra today announced the launch of four new retail banking apps on FusionStore, the firm’s app marketplace.
Tinkoff is the title partner of the Russian Football Premier League
- 5 years 12 months ago
- Banking
Tinkoff announces it has signed a title partnership agreement with the Russian Football Premier League (RFPL). The agreement covers the 2019/2020, 2020/21 and 2021/22 football seasons. Starting from February 2020, the most popular sporting event in Russia will be called the Tinkoff Russian Football Premier League. Under the signed agreement, Tinkoff will be the title sponsor of the League and the Tinkoff brand will be integrated into various... more
Rabobank Optimizes Digital Pricing Strategy with Brilliance
- 5 years 12 months ago
- Banking
Brilliance Financial Technology, a global leader in providing end-to-end digital pricing and intelligence, today announced its strategic partnership with Rabobank, the world’s largest Food & Agri financial institution based in the Netherlands. Rabobank likes to work with partners that add value for its customers.
