KBC Bank Chooses Finastra For LIBOR Transition
- 4 years 1 month ago
- Banking
KBC Bank, a Belgium-based bank with operations across Europe, US and Asia Pacific, has chosen Finastra to help manage its transition through the upcoming interbank references rates changes. It has selected Fusion Loan IQ Alternate Reference Rates (ARR) module to manage new rates and to expand its lending business. The bank has also opted for the Fusion LIBOR Transition Calculator to help calculate rates ahead of the transition period.
Allied Irish Banks (AIB) Selects Planixs’ Real-Time Intraday Liquidity Management Software to Enhance Treasury Operations
Planixs, the leading provider of real-time, intraday cash, collateral and liquidity management solutions, has announced today that it has been selected by Allied Irish Banks (AIB) to enhance their liquidity management processes and treasury operations through Planixs’ Realiti® software suite.
Amaiz Urges Government to Bring Clarity to Impact of Brexit on Financial Services
- 4 years 1 month ago
- Banking
The UK economy, particularly small companies, are currently facing the twin challenges of Brexit and the pandemic. The FCA (the Financial Conduct Authority) and FSB (Federation of Small Business) have both published figures this month that show the alarming impact on SMEs (see below). Whilst the Government recognise that it is a challenging year and are helping with grants, they do not appear to have recognised a distortion in the market,... more
Caixa Geral de Depósitos Partners with Backbase to Accelerate Innovation and Consumer Engagement
- 4 years 1 month ago
- Banking
Caixa Geral de Depósitos (CGD), Portugal’s largest bank, today announces its partnership with Engagement Banking technology provider Backbase. The collaboration will enable CGD to create new digital banking channels across all its business lines and achieve a seamless customer experience, starting with SME customers. With the support of Backbase technology, CGD will launch a range of new initiatives, including building Portugal’s first-ever... more
Komerční Banka Selects Temenos to Reinforce its Leadership in Digital Banking in Czech Republic
- 4 years 1 month ago
- Banking
Temenos (SIX: TEMN), the banking software company, today announced that Komerční banka, a member of the Société Générale Group and one of the largest financial institutions in the Czech Republic, has selected Temenos Transact to modernize its retail and corporate banking.
Covid Drives UK Banking Revolution As The Nation Goes Online
More than seven in ten Britons say that life through two national lockdowns has fundamentally changed the way they manage money but, for once, the changes have been positive. Nationally, 62% of people say they are in better control of their money than they were before COVID struck, according to new research from ThoughtWorks, a leading global software consultancy.
Fintech Companies that Are Currently Game Changers
- 4 years 1 month ago
- Payments, Banking, Cloud, FinTech StartUps, IT Innovations, Infrastructure
The number of fintech businesses has grown to more than 20,000 worldwide. So what are the best and most innovative companies right now? We take a look here! Fintech companies are growing in numbers and capabilities thanks to improvements in smartphones, internet connectivity and a host of other tech developments. According to data collected by Statista, there were around 12,500 fintech businesses worldwide in 2019, and that grew beyond 20,000 in... more
Bank of Prairie du Sac Selects Finastra’s Fusion Phoenix Core to Improve Customer Experience and Support Growth Strategy
Finastra announces that Bank of Prairie du Sac, a community bank outside of Madison, WI, will upgrade its core operating system to Fusion Phoenix to future-proof its technology.
Arab Investment Bank Selects Temenos to Drive Digital Growth and Financial Inclusion
- 4 years 1 month ago
- Banking
Temenos (SIX: TEMN), the banking software company today announced that Arab Investment Bank has selected Temenos to power its digital customer experience. Arab Investment Bank chose the market-leading capabilities of Temenos Infinity and Temenos Payments to improve performance, drive its digital growth strategy and provide a boost to financial inclusion for millions of Egyptians.
Tinkoff Mobile Launches New Version Of Its Voice Assistant
- 4 years 2 months ago
- Banking
Tinkoff Mobile has launched a new 2.0 version of its trailblazing voice assistant Oleg, which enables customers to create their own mobile concierge with custom features. With the new version of the voice assistant, users can choose the assistant’s name, voice and gender, set up instructions to handle different calls from people on their contact list, as well as calls from unknown numbers, create their own greetings, and so on. New voice and name
Temenos Wins Major Awards at IBS Intelligence Global FinTech Innovation Awards 2020
- 4 years 2 months ago
- Banking, IT Innovations
Temenos (SIX: TEMN), the banking software company, today announced that it won three awards at the IBS Intelligence Global FinTech Innovation Awards, 2020. The prestigious awards recognize technology players and banks for their excellence in driving impact through banking technology implementations and innovations using emerging technologies, such as cloud, open APIs, artificial intelligence and machine learning.
U.K. Banks Adopt Digital Platforms to Compete with FinTechs
- 4 years 2 months ago
- Banking
Banks in the U.K.
Frost Beta-Testing New Way to Bank and Find Utility Deals
- 4 years 2 months ago
- Banking, FinTech StartUps
A new digital account has started beta testing ahead of its full launch next year. Frost, accessible via your smartphone, will use intelligent functionality to allow users to set up an account and manage transactions, including bills, direct debits and balance transfers, all from one application, thereby saving them time and money. The mobile account is due to launch in the first half of 2021.
Eika Alliance & TietoEVRY to Deliver the Next-gen of Core Banking and Payment Solutions
TietoEVRY and the Eika Alliance, one of Norway`s largest banks and insurance companies, have entered into a comprehensive strategic agreement for the delivery of next-generation core banking and payment solutions, including card services and digital channels. With these deliverables TietoEVRY will ensure that the Eika banks gain high-quality digital solutions that attend to compliance and security at the same time as innovative and future-... more
Sovcombank Customers Age 45+ Who Prefer Contactless Payment Triples
There’s been a surge in Sovcombank customers aged 45 and older who opt to exclusively rely on a phone and mobile application for contactless payments. Three times as many customers from that age group use only contactless payment*, rising to 14% of the total number of the bank's card clients compared to just 5% two years ago. Mobile app audience is rapidly growing older
