87% of Corporate Treasurers Have Abandoned Banking Applications due to Lengthy Onboarding
- 6 months 2 weeks ago
- Banking
87 percent of corporate treasurers have abandoned banking applications for their business due to lengthy and inefficient onboarding processes, according to new research from Encompass Corporation, the global leader in Corporate Digital Identity (CDI). It is not just banks losing customers, as 86 percent of treasurers also highlighted that their businesses had lost revenue as a direct consequence of a bank’s slow and disjointed approach to... more
CIBC Mellon Leverages Duco Technology to Enhance Enterprise Data Automation Français
- 6 months 2 weeks ago
- Banking
CIBC Mellon today announced its strategic collaboration with Duco, a leading SaaS provider of AI-powered data automation. By leveraging Duco's advanced capabilities, CIBC Mellon is set to lower operational risk, streamline processes, and empower finance and operations teams.
MYTM and AlHuda CIBE Partner to Drive Global Expansion of Islamic FinTech
- 6 months 2 weeks ago
- Islamic Finance
In a momentous step for the future of Islamic FinTech, MYTM, a leading Islamic FinTech company, and AlHuda Centre of Islamic Banking and Economics (CIBE), a globally recognized service provider in Islamic finance, have signed a Memorandum of Understanding (MoU) today. The signing ceremony was graced by Dr. Sohail Zafar Cheema, Chairman of MYTM and former Minister of Commerce & Investment, and Mr. Muhammad Zubair Mughal, Chief Executive... more
League Data First in Canada to Bring Mambu Cloud Banking to Credit Unions Français
- 6 months 3 weeks ago
- Banking
A first for the Canadian financial industry, League Data, the CIO and technology partner for Atlantic credit unions, announced today that they have successfully converted Brunswick Credit Union to the Mambu cloud-based banking platform. As their legacy core banking system is approaching end of life in 2025, League Data is seizing the opportunity for further digital transformation of its credit unions to modernize the banking experience for... more
Zopa Bank Amasses £4 Billion in Customer Deposits
- 6 months 3 weeks ago
- Banking
Zopa Bank has surpassed £4 billion in customer deposits just under four years since getting its banking license. The ISA market has been particularly enticing to consumers looking for a tax efficient way to save. Bank of England statistics show that UK savers have been consistently moving ~£3 billion per month into ISAs for several months now, buoyed by higher interest rates.
Finxact and Zafin Collaborate to Bolster Capabilities and Support Core Banking Transformation
- 6 months 3 weeks ago
- Core Banking
Finxact, a Fiserv company and leading provider of the next-gen core banking platform to the U.S. regional and super-regional banking sector, and Zafin, a leading provider of SaaS core modernization and transformation solutions for banks, are revolutionizing how financial institutions approach core transformation projects.
9Spokes Introduces Multi-Bank View to Expand Financial Insights for SMBs
- 6 months 3 weeks ago
- Banking
9Spokes, a data platform that specializes in integrating and aggregating business and financial data, today announced the launch of its multi-bank feature, a significant advancement in financial transparency and access for small and medium-sized businesses (SMBs). This new feature provides SMBs with a consolidated view of their financial accounts across multiple institutions and service providers, aligning with the global movement towards open... more
Monument Reaches New Growth Milestone: £2B in Customer Deposits, Raising £1B within Four Months
- 6 months 3 weeks ago
- Banking
Monument (or the “Bank”) proudly announces a significant milestone in its journey: it has reached £2 billion in customer deposits and interest-bearing assets, with £1 billion raised in just four months, from January to April 2024.
Libro Credit Union Selects nCino to Empower Employees and Positively Impact Ontario Community
- 6 months 3 weeks ago
- Banking
nCino, Inc. , a pioneer in cloud banking for the global financial services industry, today announced that Libro Credit Union has selected nCino’s Cloud Banking Platform to empower its employees through data, achieve faster time to value and create a smoother experience for customers.
Research: Banking Industry Leads on Consumer Trust for Cybersecurity, with Businesses of All Sizes to Lose Out Following a Breach
- 6 months 3 weeks ago
- Banking
New research from CybSafe, the human risk management platform, has found consumers trust the banking sector most when it comes to protecting sensitive data.
Bank and Credit Union CEOs Reveal Top Priorities in Annual Survey
- 6 months 3 weeks ago
- Banking
Growing deposits and increasing operational efficiency are top priorities for community and regional financial institutions, according to Jack Henry's sixth-annual survey of bank and credit union CEOs.
Alipay+ Enables Digital Payment of 14 Overseas E-wallets from 9 Countries and Regions in Hong Kong to Support City’s Global Travel Drive
- 6 months 4 weeks ago
- Banking
Users of 14 popular overseas e-wallets from 9 countries and regions can now make payments in Hong Kong using their home apps through Alipay+, a suite of cross-border mobile payment and digitalization technology solutions operated by Ant International. This covers a population of approximately over 1.2 billion, allowing them to enjoy a safe and seamless payment experience in “Asia’s World City” as the number of inbound tourists to Hong Kong... more
Alkami Releases Digital Banking Performance Metrics Report in Partnership with Cornerstone Advisors
- 7 months 4 hours ago
- Banking
Alkami Technology, Inc., a leading cloud-based digital banking solutions provider for financial institutions in the U.S., announced today the release of its latest research in partnership with Cornerstone Advisors' Ron Shevlin, chief research officer. The Digital Banking Performance Metrics report is compiled from self-reported data collected in fiscal year 2023 from a sample of 81 financial institutions, including 39 banks and 42 credit unions... more
Mox’s Rapid Service Release Gains Recognition as One of World’s Fastest-Growing Digital Banks
- 7 months 4 hours ago
- Banking
Mox Bank Limited (“Mox”) has been recognised by global management consulting firm Oliver Wyman as one of the fastest-growing digital banks in the world. This distinction highlights Mox's remarkable growth trajectory and commitment to innovative product offerings. Oliver Wyman's analysis emphasises Mox's speed to market with launching a wider range of products and services compared to other globally renowned digital banks after setting up for the... more
Powering Embedded Banking/BaaS, The Bank of London Launches TBOL® AI Code Assistant Enabling Rapid Integration with Banking APIs
The Bank of London today launches the TBOL® Artificial Intelligence code assistant, using generative AI capabilities powering clients and developers to build at speed, applications, products and services via The Bank of London’s API. TBOL® AI has been initially developed to support the bank’s Developer Studio, which gives businesses access to one of most comprehensive, modern, and flexible API offerings for embedded banking in the UK.
