The World Federation of Exchanges Seeks Risk-based Calibration of EU Bank Capital for National Equity Markets
- 3 years 8 months ago
- Banking
The World Federation of Exchanges (“The WFE”), the global industry group for exchanges and CCPs, today published its response to the European Banking Authority (EBA) concerning recognition of developed equity markets. In responding to the EBA, the WFE is seeking to promote market-based finance globally, by advocating for proportionate and predictable capital treatment for equity-market risk.
Banking Industry Must Encourage and Support Innovation That Preserves Customers' Access to Cash
- 3 years 8 months ago
- Banking
Commenting on the news that The Treasury has opened a consultation, with a view to legislating to protect the access to cash services for the public within "a reasonable distance" of their home or business premises, Matt Phillips, VP, Head of Financial Services at Diebold Nixdorf UK&I, says:
Zopa Marks Successful First Year as a Bank, Fueling Future IPO Plans
- 3 years 8 months ago
- Banking
Zopa’s next generation bank is on course to reach profitability before the end of the year, making it among the fastest challenger banks to reach this milestone Success is due to Zopa’s focus on providing lending products which address the unmet needs of UK consumers The first year of the bank has seen increased demand vs. expectation and generated higher than expected growth across a number of metrics, including revenue Zopa is on track for... more
Bigbank Chooses Nets for Issuer Processing and Digital Payments
Bigbank, an international Estonian-owned bank offering personalised financial products, has chosen European payment services provider Nets, to provide issuer processing and digital services, including virtual cards and mobile payment capabilities.
Chartered Banker Institute and HSBC UK Join Forces to Support Responsible and Sustainable Banking
- 3 years 8 months ago
- Wealth Management, Banking
The Chartered Banker Institute (the Institute) and HSBC UK are working together to develop the knowledge and expertise of the bank’s commercial banking team to better support UK businesses navigate a transition to net zero. More than 500 colleagues are expected to participate in the Institute’s Green and Sustainable Finance e-learning over the next year.
Trifork Strengthens its Fintech Offering by Partnering with Modularbank
- 3 years 8 months ago
- Core Banking, IT Innovations
Trifork, a next-generation IT services provider, and Modularbank, a cloud-native core banking technology provider, have entered into an integration partnership, strengthening both companies’ banking and fintech offerings. As banking continues the transformation from branches on street corners to digital services, the importance for the financial industry to develop and offer innovative and easy-to-use digital solutions has increased.
Santander Bank Polska goes live with Horizon for their Market Making business
- 3 years 8 months ago
- Banking
Horizon Software (Horizon), provider of electronic trading solutions and algorithmic technology for the global capital markets, have today announced that, Santander Bank Polska, one of the largest and most innovative financial institutions in Poland, has successfully deployed Horizon’s Platform for Market Making connecting to the Warsaw Stock Exchange (WSE).
RBI’s Elevator Lab distinguished as one of the ‘Best Financial Innovation Labs’
- 3 years 8 months ago
- Banking
Fintech Partnership program included among best bank-sponsored labs of 2021 by Global Finance
Ukheshe Technologies Announces BoostXB joint Venture with ForexPeople
Leading fintech enablement partner, Ukheshe Technologies has confirmed the establishment of a new joint venture with ForexPeople, one of South Africa’s most trusted names in forex with over 20 years’ experience, to seamlessly facilitate cross border payments from South Africa into Africa.
Neobanking Market in Southeast Asia will Grow 1.5 Times in 2021
- 3 years 8 months ago
- Banking, Mobile Banking
While the pandemic has slowed down the development of neobanks in 2020, it has created strong potential for the segment. Analysts of UnaFinancial revealed that in 2021 the neobanking market will grow by 24% in APAC, and by 50% - in Southeast Asia.
Tribe Payments Partners with ClearBank to Boost Banking Access for Fintechs
Tribe Payments, a payment technology provider, today announced it has agreed a partnership with ClearBank to provide Tribe’s fintech customers with access to payment schemes using ClearBank’s award-winning agency banking and banking-as-service product sets.
UBL Partners with Temenos and NdcTech to Modernize and Scale its Digital Banking Strategy Across Channels
- 3 years 8 months ago
- Banking, Online Banking
UBL signed an agreement with Temenos and NdcTech to modernize and scale its digital banking strategy across all channels. Picture shows the virtual signing ceremony, with Mr. Shazad G Dada, President & CEO UBL, (3rd left) & Ms. Ammara Masood, CEO & President NdcTech, (3rd right) along with senior executives of both organizations. Bottom picture (left to right:) Mr. Juan Cejudo, MD MEA – New Business Development, Temenos and Mr. Jean... more
Teller Assist Technology Remains a Cornerstone in Banks’ Cash Management Strategies
- 3 years 8 months ago
- Transaction Banking, Management, Banking
USA home to a third of the world’s teller cash recyclers RBR’s Branch Transformation 2021 reveals that the migration of cash away from the teller, declining footfall in branches, and a wider shift towards cashless payments led to a slight fall in teller assist units (TAUs) in 2020. However, the number of teller cash recyclers (TCRs), which account for the majority of TAUs, increased, and it is recycling technology which will drive growth over... more
Inability to Adapt Hampering Banks AML Efforts
John Dobson, CEO at SmartSearch, says: “The European Banking Authority (EBA) has this week highlighted a key issue in RegTech, which is the wide variability of quality and services in the market. This may well be hampering further adoption of the technology in the sector. “We may have left the EU but of course we’re still doing business with the bloc and any moves they make towards increased regulatory standards will have to be reflected in the... more
