Finastra Survey Finds Banking as a Service (BaaS) Set to Make Significant Impact on Financial Services in Next 12 Months
- 2 years 9 months ago
- Open Banking, Banking, IT Innovations, Financial
85% of respondents at global financial institutions believe Banking as a Service (BaaS) will make an impact over the next year; 40% believe the impact will be significant More than 9 in 10 respondents agree that Open Banking is important to their organization; 97% of those that already use Open Banking recognize that it has provided benefits to their business
Central Banks Signal Temporary Concerns Over Inflation
- 2 years 9 months ago
- Banking
David Jones, Chief Market Strategist at European investment trading platform,Capital com, said: “It has been a calmer week in markets following the interest rate-inspired fireworks we had at the end of last week. In fact, it has been business as usual for many major assets."
Pollinate Launches Filmmaker Competition in Collaboration with Mastercard to Spotlight Small Business Ingenuity
Pollinate, the global fintech that partners with banks to help business customers succeed and grow, is launching “Ingenious,” a filmmaker competition spotlighting small businesses, in collaboration with Mastercard. “Ingenious” will celebrate the ingenuity of small business owners around the globe through stories of how small businesses have used technology to drive forward during the pandemic.
Nivaura Technology Deployed by DBS Bank for World’s First Fully Digitalised Bond Issuance Platform
Nivaura, a London and Italy based Fintech, has delivered the technology underpinning Singapore-based DBS Bank’s groundbreaking bond issuance platform. This is the world's first end-to-end workflow platform that spans across a bank’s entire supply chain from all internal functions and systems to external clients.
Visa to Acquire Open Banking Platform Tink in €1.8Bn Deal
- 2 years 9 months ago
- APIs, Open Banking, Payments, Banking
Visa today announced it has signed a definitive agreement to acquire Tink, a European open banking platform that enables financial institutions, fintechs and merchants to build tailored financial management tools, products and services for European consumers and businesses based on their financial data. Visa will pay total financial consideration of 1.8 billion Euros, inclusive of cash and retention incentives, to acquire Tink.
FV Bank Selects Fireblocks as Infrastructure Partner for Digital Asset Custody Services
- 2 years 9 months ago
- Asset Management, Banking, Infrastructure
FV Bank, a licensed digital bank and digital asset custodian has announced today it has inked a deal with Fireblocks (www.fireblocks.com), an award winning platform for securing digital assets. FV Bank will be leveraging Fireblocks unique MPC-based wallet and network infrastructure to support the introduction of its digital asset custody services which will seamlessly be integrated within FV Bank’s online banking for its international customers.
SMEs Need Digital Business Banking
Small and medium-sized enterprises (SMEs) are vital to the economy in every country, with the World Bank estimating that around 90% of businesses are SMEs and that they provide more than half the jobs in the world. They also make a sizable contribution to their local economy, ranging from up to 40% in emerging economies to around 55% in Europ
The National Bank of Indianapolis Moves to Jack Henry’s SilverLake System Core
- 2 years 9 months ago
- Banking
Jack Henry & Associates, Inc. (NASDAQ:JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Its Jack Henry Banking® division announced today that $2.5 billion-asset The National Bank of Indianapolis has migrated to the SilverLake System® core to meet growing commercial and small business demand.
Sterling Falling as the Bank of England Expects Inflation in Excess of 3%
Commenting on sterling falling as the Bank of England expects inflation in excess of 3%, Olivier Konzeoue, FX Sales Trader at Saxo Markets, said: “The BoE chose to maintain accommodative measures in place, keeping the Benchmark Interest Rate at 0.1% and holding government asset purchases at GBP 875Bln, whilst outgoing chief economist Haldane was the only dissenter voting against keeping the bond-buying program unchanged (8-1 split on the topic).
Fineco Listed Among the Top Sustainable Banks by Standard Ethics
- 2 years 9 months ago
- Banking
The Independent Sustainability Agency Standard Ethics[1] confirmed Fineco’s “EE+” rating for the second consecutive year – one of only two credit institutions currently awarded the most solid sustainability score .
Will the 5G Data Explosion Swamp European Banking?
As the roll-out of 5G continues, Louise Lunn, Vice President, Global Analytics Delivery at FICO examines the challenge for banks and their partners The comprehensive roll-out of 5G across the UK and the rest of Europe is due to be completed within the next five years. Many analysts, however, agree there’s already a notable lag behind North America and Asia, so banks in Europe must ensure they are ready to utilise the upgrade the moment it is... more
Länsförsäkringar Partners with Meniga to Supercharge its Digital user Experience with New PFM Solution
- 2 years 9 months ago
- Management, Banking
Länsförsäkringar has integrated Meniga’s cutting-edge personal finance management (PFM) solution into its own digital banking platform to help drive customer engagement, boost loyalty and dramatically improve the overall user experience of its customers across Sweden.
True Cost of “Traditional” Credit Puts UK Consumers at Risk
Klarna, the leading global banking, payments and shopping service, has released its latest Shopping and Money Management trend reports.
Tinkoff Announces Selection of Startups for Integration into Its Ecosyste
- 2 years 10 months ago
- Banking, FinTech StartUps
Tinkoff announces the launch of a new program to assist startups and technology projects. As part of the program, Tinkoff Group will become a strategic investor or partner to companies that show stable growth and have the potential to be integrated into Tinkoff’s services, product lines or its wider ecosystem.
İşbank Selects Driverless AI Platform from H2O.ai for Income Prediction, Cash Forecasting & Check Default Prediction Applications
- 2 years 10 months ago
- Artificial Intelligence, Banking, Data Management
H2O.ai, a leading AI technology software company, has announced that İşbank, officially Türkiye İş Bankası, the largest private bank in Turkey, has selected H2O’s Driverless AI platform to upgrade its Income Prediction, Cash Forecasting and Check Default Prediction applications, to improve the accuracy of the bank’s business planning with on-going AI projects.
