Temenos and FirstOntario Credit Union Make Banking Better with New Digital-Only Financial Arm, Saven
- 3 years 9 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
- 3 years 9 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
- 3 years 9 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
- 3 years 9 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
- 3 years 9 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
- 3 years 9 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
Contour Increases Global Footprint with Addition of SMBC to Digital Trade Network
- 3 years 9 months ago
- Trading Systems, Banking
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has become the latest institution to join Contour’s global network of banks, corporates and ecosystem partners working together to transform trade finance. Having been a member of Contour’s beta network since last year, transitioning to the full production network signals SMBC’s commitment to digitising trade finance. In doing so, SMBC will be able to provide its customers with a fully digital... more
Commerzbank, Evonik and BASF Conduct first Blockchain Technology and Programmable Money Test to Manage Supply Chain Processes Between Companies
- 3 years 9 months ago
- Blockchain, Banking
In a joint project, Commerzbank, Evonik and BASF successfully tested a shared blockchain platform to efficiently handle bilateral supply chain processes between companies in a live environment. During the test, payments between Evonik and BASF were checked, paid and booked in a fully automated and digital manner by means of a programmed payment process. “Programmable money has enormous potential to further digitalise supply chains.
PayNearby Ties Up with Centrum Microcredit to Facilitate Unsecured Business Loans to Retailers
- 3 years 9 months ago
- Payments, Banking, Financial, Non-Financials
As part of its Shop Owners Benefit Program, PayNearby, India’s leading branchless banking and digital payments network, has tied up with Centrum Microcredit Limited, the micro finance arm of the Centrum Group, to facilitate unsecured business loans to its retail partners. As part of the tie-up, loan requirements will be sourced through PayNearby’s vast network of retailers and will be disbursed by Centrum Microcredit Limited.
Bankifi Launches Incomeing: New ‘Request To Pay’ App In Association With The Co-operative Bank
Banking technology platform provider BankiFi, in association with The Co-operative Bank, has launched a new Request to Pay (RTP) service: Incomeing. The service helps SMEs boost their cash flow by facilitating instant, cost-effective and secure collection of payments from their customers. The Co-operative Bank is the first UK provider to offer an open Request to Pay mobile application for not only its customers but also those that bank elsewhere.
Blockchain Specialist Blocksize Capital Joins the Avaloq.One Ecosystem
- 3 years 9 months ago
- Blockchain, Banking, Core Banking
Frankfurt-based Blocksize Capital, a leading blockchain technology provider for financial institutions, has become the latest fintech to join Avaloq’s open banking marketplace.
Asia Alliance Bank Selects ICS BANKS Islamic Banking from ICSFS
- 3 years 9 months ago
- Banking, Islamic Finance
Asia Alliance Bank, multi-awards winning bank – recently awarded “The Best Bank for SMEs in Uzbekistan” by Asiamoney, and one of the leading banks in Uzbekistan, has selected
Seasoned Credit Union Economist & Policy Expert Joins Nymbus Industry Advisory Board
- 3 years 9 months ago
- Payments, Banking, People Moves
NYMBUS®, a leading provider of banking technology solutions, today announced the appointment of Bill Hampel to its Industry Advisory Board, effective immediately.
Digital Banking Provider Monneo Unveils New Branding as Firm Enters Era of Expansion
- 3 years 9 months ago
- Banking
Monneo, virtual IBAN and eCommerce bank account provider, has unveiled an innovative new look logo and website design this week, as the brand expands across Europe and beyond. With the help of strategy-led design agency fst, the experienced banking and FinTech team behind Monneo worked together to create the rebrand as the firm enters an exciting next phase.
British Business Bank Agrees ENABLE Build Guarantee with United Trust Bank to Boost Lending to Smaller Housebuilders Across the UK
- 3 years 9 months ago
- Banking
United Trust Bank (UTB) has secured an ENABLE Build guarantee via the British Business Bank.
