iBanFirst Teams up with Global Investment Firm Marlin Equity Partners to Finance Organic Growth and M&A Initiatives
Financial services provider iBanFirst, which delivers solutions across banking borders, has announced the completion of a growth equity investment to fund product development, international expansion and M&A. Global private equity firm Marlin will become the fintech’s largest shareholder, replacing existing business angels and some of the company’s early backers. Through the transaction, a number of iBanFirst’s historic partners, including... more
Temenos Recognizes Partners at TCF Online 2021 for Making Banking Better, Together
- 2 years 10 months ago
- Banking
Temenos, the banking software company, today announced the winners of the 2021 Temenos Changemaker Awards for partners at the annual flagship event, the Temenos Community Forum (TCF) Online. It is thanks to the community that Temenos has built, and its Changemakers, that Temenos has grown to become the world’s #1 banking software. These awards recognize the contribution that Temenos’ partners offer to the Temenos community, and their commitment... more
Path Solutions Successfully Completes System Upgrade at KFH
- 2 years 10 months ago
- Banking, Islamic Finance
Path Solutions, the global Islamic banking software company, today announced that Kuwait Finance House (“KFH”), Kuwait’s Islamic banking pioneer has successfully completed the upgrade of its fully automated STP Islamic Treasury solution to the new Path Solutions’ Java-based platform iMAL R14.1, as of 21st
3S Money Secure New Banking Partner Raiffeisen Bank International A.G.
- 2 years 10 months ago
- Banking
3S Money, a bank challenger that enables corporates to accept and manage bank transfers in foreign markets, today announced that it is expanding its portfolio of banking partners to include Raiffeisen Bank International A.G. - an Austrian banking group.
Nordea Bank Abp: Flagging Notification in Accordance with Chapter 9, Section 10 of the Securities Markets Act
- 2 years 10 months ago
- Banking
Nordea Bank Abp has on 26 May 2021 received a notification under Chapter 9, Section 5 of the Securities Markets Act, according to which Sampo plc's shareholding of Nordea Bank Abp’s shares and voting rights has decreased below the threshold of 15 percent on 25 May 2021. The total number of shares and voting rights in Nordea Bank Abp is 4,049,951,919.
Temenos Transforms Banking with The Temenos Banking Cloud to Accelerate SaaS and AI adoption with Instant Access to Sandbox, Banking Services, and Marketplace
- 2 years 10 months ago
- Banking
For the first time, banks can now self-provision the most complete banking services at the click of a button; With Temenos (www.Temenos.com), banks can innovate in minutes and launch new products in days to achieve the in
IFRS 9: What It Is, and What You Need to Do to Prepare for It
- 2 years 10 months ago
- Banking, Data, Accounting
The International Financial Reporting Standards (IFRS) Foundation is a non-profit standards committee that aims to set the bar for accounting and keeping financial information. IFRS’s standards can be adopted by financial institutions like banks, as well as companies listed in the public stock exchange. IFRS standards are meant to slowly replace the previous bars set by the International Accounting Standards (IAS) Board, the IFRS’ parent... more
Zeta raises $250M from SoftBank Vision Fund 2 for its Omni Stack for Banks
- 2 years 10 months ago
- Banking
Zeta, a banking tech startup, announced today that it has secured $250 million in investment from SoftBank Vision Fund 2. This Series C investment values Zeta at $1.45 billion. This is one of the largest single investments in a banking tech startup globally.
Top Belgian Bank Mitigates Mobile Banking Fraud with OneSpan Mobile Security
OneSpan™, the global leader in securing remote banking transactions, today announced that Belfius Bank has integrated OneSpan Mobile Security Suite (MSS) into its mobile app to help protect its customers from the growing impact of cybercrime. OneSpan’s technology provides biometric authentication, risk analysis and other app security best practices behind the scenes to improve the experience of the bank’s 1.5 million mobile users.
Temenos and FirstOntario Credit Union Make Banking Better with New Digital-Only Financial Arm, Saven
- 2 years 10 months ago
- Banking
Temenos, the banking software company, today announced that Saven Financial, a division of FirstOntario Credit Union, has gone live with Temenos Infinity and Temenos Transact. The digital-only greenfield credit union offers high interest savings accounts and guaranteed investment certificates (GICs) with highly competitive rates, leveraging Temenos technology to deliver a fast, seamless digital experience.
Global Banking Sector Reaching Almost Pre-pandemic Heights, Market Cap Jumped by 20% Quarter-over-Quarter and Hit €7.3T
- 2 years 10 months ago
- Banking
The economic recovery from the COVID-19 accelerated in the first half of 2021, causing the global banks' market cap to almost completely recover and reach pre-pandemic levels. According to data presented by StockApps.com, the market capitalization of the global banking sector jumped by nearly 20% since December and hit €7.3trn in the first quarter of 2021.
Fineco Adds BNY Mellon Investment Management Funds to Investing Platform
- 2 years 11 months ago
- Management, Investment Management, Banking
FinecoBank today announces that funds from BNY Mellon Investment Management are now available on its investing platform. BNY Mellon Investment Management is one of the most respected financial institutions and one of the largest asset managers in the world with $2.2 trillion in assets under management as of March 31, 2021. For British investors the firm offers a series of leading investment products across a variety of sectors and investment... more
NiyoX Equitas Digital Savings Account On-boards 100,000 Customers in 50 Days
- 2 years 11 months ago
- Wealth Management, Banking
NiyoX – a 2-in-1 wealth plus savings account powered by India’s leading digital banking fintech Niyo – on-boards 100,000 customers in less than two months of its launch. At a time when more than 80% of the country is under lockdown-like restrictions, the relevance and need of having a digital savings account has increased exponentially. NiyoX is on track to on-board 2 million customers by FY21-22.
Comviva Partners with Accura Scan for Digital KYC and Identity Verification Solution
- 2 years 11 months ago
- Digital Identity, Core Banking, AML and KYC
Comviva, one of the global leaders in providing digital financial solutions, today announced that it has partnered with Accura Scan, one of the world’s leading and most advanced digital KYC (Know Your Customers) and identity verification service provider.
Siam Commercial Bank Relies on Surecomp to Support Trade Finance Growth in Myanmar and Vietnam
- 2 years 11 months ago
- Banking
Surecomp®, the leading provider of global trade finance solutions for banks and corporates, today announced that Siam Commercial Bank - Thailand’s third largest bank - is deploying the IMEXTM and allNETTTM solutions for integrated, straight-through digital trade finance processing into Myanmar and Vietnam. The Bangkok-based bank - which has been a Surecomp customer since 2011 - is now deploying both solutions in Myanmar and Vietnam to support... more
