Soneri Mustaqeem Signs an Agreement with Path Solutions on iMAL Sharia-Compliant Profit Calculation System
- 3 years 8 months ago
- APIs, Banking, Islamic Finance
Path Solutions, a global Islamic fintech house and Soneri Mustaqeem, an Islamic Banking Division of Soneri Bank Limited, announce the selection of iMAL Sharia-compliant Profit Calculation System to ensure industry’s best practices for Sharia compliance.
PayNearby and IndiaFirst Life Introduce Bespoke Life Insurance Solutions for Retailers to Cover Life, Health, and Disability
As part of its Shop Owners Benefit Program, PayNearby - India’s leading branchless banking and digital payments network - has launched a unique insurance solution ‘Poorna Suraksha’ for its retail community. In a first of its kind initiative, this exclusive and holistic insurance solution will ensure the safety and security of PayNearby’s 15+ lakh retail partners across 17,500+ PIN codes.
Chetwood Financial Strengthens Leadership Team with Appointment of New CFO
- 3 years 8 months ago
- Banking, People Moves
Chetwood Financial (“Chetwood”) announced today the appointment of Simon Allsop as Chief Financial Officer. Simon who will be based in Wrexham, joins from OneSavings Bank where he was Group Director of Capital Markets. Prior to this he held senior positions at Fitch Ratings and Charter Court Financial Services, where he was a key member of the management team that led the company through its 2017 IPO and merger with OneSavings Bank in 2019.
Virgin Money Australia Digital Bank Goes Live with Temenos
· Challenger digital bank goes live on The Temenos Banking Cloud, creating a unique digital service that simplifies banking, rewards customers and helps them achieve their financial goals · Successful launch of new digital bank paves the way for a transition to The Temenos Banking Cloud solution for all retail brands under the Bank of Queensland umbrella
SKB Banka, Member of OTP Group, Partners with Backbase to Accelerate Digital Transformation
- 3 years 8 months ago
- Banking
Slovenia-based SKB banka (SKB) has today announced its partnership with Engagement Banking technology provider, Backbase, to accelerate its digital transformation and ensure a seamless banking experience for all new and existing customers. The partnership will see SKB adopting Backbase’s Engagement Banking Platform, enabling it to provide digital banking and digital sales solutions to its retail, SME and corporate banking customers, enabling... more
Digital Banking Market to Hit $2.5T Transaction Value in 2021, a Massive 70% Jump in a Year
- 3 years 8 months ago
- Banking, Online Banking
Even before the pandemic, the global digital banking market had been growing rapidly, with millions of people choosing an app or web-based bank over a traditional high-street financial institution. However, the COVID-19 had accelerated the shift to digital banking like never before, as customer expectations changed during the pandemic.
RBI's Digital Basket – Simple Loans for Scale-ups for the First Time
- 3 years 8 months ago
- Banking
€ 100 million for online companies that have outgrown the start-up phase ∙ Loan volume between € 1 and € 7 million RBI one of the first corporate banks to offer targeted debt capital for digital industries Raiffeisen Bank International (RBI) has launched one of the largest European financing programs for digital growth companies. With a total volume of € 100 million, online companies that have already outgrown the early start-up phase... more
Arkéa Banking Services Selects Finastra’s Fusion Risk to Support Operational Transformation of Financial Institutions in France
Finastra today announced that Arkéa Banking Services, a subsidiary of Crédit Mutuel Arkéa and a major player in the provision of banking and insurance services in France, has selected Finastra’s Fusion Risk solution to help streamline operational processes and reduce operational costs for local banks.
Sionic and Revelock Join Forces to Help Banks and Financial Services Providers Fight Fraud
Revelock , a pioneer in behavioural biometric based online fraud prevention, has today announced it is partnering with Sionic, the global financial services consultancy, to help banks and financial services providers around the world take a more proactive approach to detecting and responding to fraud.
MCB to Adopt MITECH’s TRAC Collateral Management System on a Cloud
- 3 years 8 months ago
- Trading Systems, Management, Banking
The Mauritius Commercial Bank Ltd (MCB) is adopting MITECH’s system TRAC (Trade Risk Active Control) to support a continuous and significant growth in its Commodity Trade Finance (CTF) business. TRAC is a Trade Risk and Collateral Management system supporting Structured Trade Commodity Finance. The TRAC solution handles not only Transactional Commodity Finance but Borrowing Base structures as well.
IFIN Launches the First of its kind Instant Islamic Financing Platform
- 3 years 8 months ago
- Alternative Finance
Bahrain-based Islamic FinTech provider, IFIN (Islamic Finance Initiation Network – www.ifin-services.com), has launched the first of its kind, real economy, automated Islamic financing platform. The secure, innovative technology connects retailers and Islamic finance providers, enabling them to offer consumers instant access to Islamic financing for purchases, at the point of sale.
IFIN Launches The First of its Kind Instant Islamic Financing Platform Offering Retailers and Islamic Finance Providers Unparalleled Opportunities
- 3 years 8 months ago
- Banking, Core Banking, Islamic Finance
Bahrain-based Islamic FinTech provider, IFIN, has launched the first of its kind, real economy, automated Islamic financing platform. The secure, innovative technology connects retailers and Islamic finance providers, enabling them to offer consumers instant access to Islamic financing for purchases, at the point of sale.
Klarna Launches Game-Changing new Shopping Feature, Bringing Interest-free Shopping to ALL Online Retailers
Klarna users can now shop using pay in 3 at any online retailer, regardless of whether they’re partnered with Klarna or not, directly from the app The new feature eliminates the need to use credit cards when shopping online, making high-interest APRs a thing of the past Additional features include personalised wish lists, price drop notifications, thousands of deals updated daily, monthly budgets and personal spending limits
Temenos the Only Vendor Recognized as a Global Power Seller, a Top Global Player and a Top Global Cross-Seller in the 2021 Deal Survey, with 3X the Number of New Named Deals of the Next Vendor Surveyed
- 3 years 8 months ago
- Banking, Core Banking
Temenos, the banking software company, has been listed as the only ‘Global Power Seller’ in Forrester’s prestigious Global Banking Platform Deals Survey 2021, with a 20% increase in new named deals compared to previous year. Temenos was the only top 5 vendor to grow its number of deals in 2020. Temenos landed more new global banking deals than any other surveyed provider in 2020, as stated in the Forrester report.
Tonik Becomes PH’s First Neobank to Secure Digital Bank License
- 3 years 8 months ago
- Banking, Online Banking
Tonik, the Philippines' first digital-only neobank continues to make waves in the local fintech and banking industry as it secures a digital bank license from the Bangko Sentral ng Pilipinas (BSP) – the first for any private and purely digital bank in the country.
