World`s Top Three Online Banks Hit 38,4 Million Customers, a 255% Increase in Two Years
- 4 years 9 months ago
- Online Banking
Recent years have witnessed a surge in the number of digital bank users, with millions of people choosing app or web-based bank over a traditional high-street financial institution.
Financial services organisations are not prioritising compliance in their modernisation efforts – new report from Advanced reveals
- 4 years 9 months ago
- Banking, Compliance
Just 6% of financial services organisations say it’s essential for them to modernise their legacy systems to meet current regulatory and legislative demands. This surprisingly low figure is according to new global research from Advanced, which also reveals that only 20% cite an inability to meet compliance and regulatory demands as their top reason for modernising mainframe based legacy systems.
Andigo Scholarship To Award $12,500
- 4 years 9 months ago
- Banking
Andigo Credit Union, based in Schaumburg, IL, announced five college-bound high school seniors as recipients for the 2020 Andigo Scholarship Program. The winners were recognized for their community involvement and academic achievement. Each recipient will receive a $2,500 scholarship. The Andigo Scholarship Program will award $12,500 in 2020. The winners are:
Forecast by Robocash Group: 5G will boost financial inclusion in emerging markets in Asia
- 4 years 9 months ago
- Banking, Data, IT Innovations, Infrastructure
Driving improvements in the digital space, 5G has accelerated financial inclusion in emerging markets in Asia. Analysts of the financial holding Robocash Group forecast that with its help, about 3 million of the unbanked and underbanked will get access to financial services in both Vietnam and the Philippines by 2025. Indonesia will have 9-11 million, and India – 60 million.
Meniga closes a €8.5m strategic investment round led by Groupe BPCE, Grupo Crédito Agrícola & UniCredit
- 4 years 9 months ago
- Banking, Online Banking, Infrastructure
Meniga, a leading provider of digital banking technology for the world’s largest banks, has closed a €8.5m strategic investment led by customers Groupe BPCE, the second-largest banking group in France and lead investor in this round, Portugal’s Grupo Crédito Agrícola and long-standing strategic partner UniCredit. Other participants in the round include current institutional investors Velocity Capital, Industrifonden & Frumtak Ventures.
Finantix CIO Cockpit digitises and accelerates key Investment Office processes
- 4 years 9 months ago
- Wealth Management, Banking, Insurance
Finantix, the leading global provider of trusted technology to the wealth management, insurance and banking industries, today launched the latest addition to its product portfolio, CIO Cockpit, which allows Chief Investment Officers to distribute market updates and investment ideas to clients faster, leveraging digital communication and collaboration channels.
Flybits joins the Avaloq.one Ecosystem to bring contextual, personalized customer experiences to digital banking
- 4 years 9 months ago
- Banking
Flybits, the world’s first contextual experience platform for the financial sector, has joined the Avaloq.one Ecosystem.
Backbase and Mambu partner to deliver an end-to-end integrated SaaS banking solution
Backbase, the leading omni-channel banking solution provider, announced today a strategic partnership with Mambu, the Berlin-based cloud banking platform to jointly deliver a unique and powerful turn-key digital banking solution.
Global tier-1 bank, Itaú Private Bank International, selects Temenos to power international banking operations
Temenos (SIX: TEMN), the banking software company, today announced that Banco Itaú (Suisse) SA and Banco Itaú International, affiliates belonging to one of the world’s largest private bank groups, Itaú Unibanco Holding SA (Itaú), have extended their relationship with Temenos to rapidly deploy Temenos Infinity Wealth and Temenos Transact on Temenos SaaS.
Volksbank Bielefeld-Gütersloh Cooperates with Penta
- 4 years 9 months ago
- Banking
Volksbank Bielefeld-Gütersloh is expanding its successful cooperations with Fintechs from the German start-up scene. The cooperative bank is now the first regional institute to cooperate with the Berlin company Penta. The customers of the digital platform for business banking are primarily small and medium-sized enterprises, some of them from the East Westphalia-Lippe region. The aim of the cooperation is to provide them with urgently needed... more
FIS delivers “EPIC” productivity and automation tools for managing a remote workforce
- 4 years 9 months ago
- Banking, Compliance
Financial technology leader FIS™ (NYSE: FIS) today announced Enterprise Productivity, Intelligence & Compliance (EPIC™), a modular, desktop-based solution that helps financial institutions and businesses enhance the efficiency of their global operations while managing an increasingly remote workforce.
Koine partners with GCEX to provide global client-base with ultra-secure segregated custody and settlement
- 4 years 9 months ago
- Asset Management, Banking
Koine, the provider of segregated, institutional custody and settlement services for digital assets and fiat money, has integrated with digital broker GC Exchange Limited (GCEX); two firms regulated by the UK’s Financial Conduct Authority (FCA).
Commerzbank launches issuance programme for additional Tier 1 capital
- 4 years 9 months ago
- Banking
The Board of Managing Directors of Commerzbank AG has decided to launch an issuance programme for additional tier 1 capital (AT1). This will enable the Bank to gradually issue subordinated bonds with a total nominal value of up to €3 billion. A decision on the first issuance under the programme will be taken at a later date.
1 in 4 bank branches will close across Europe in next 3 years, according to Kearney analysis
- 4 years 9 months ago
- Covid-19, Online Banking
Analysis from global consultancy partnership Kearney predicts that 25% of bank branches will close across Europe in the next three years as new customer habits around digital banking, forced by the pandemic, become permanent. This is a sharp increase in the ongoing trend of bank branch closures across Europe, which saw 35% branch closures in the last ten years.
DenizBank Uses OneSpan’s Mobile App Security Solution to Handle Doubling of Demand from COVID-19
- 4 years 9 months ago
- Covid-19, Transaction Banking, Mobile Banking, Security
OneSpan™ (NASDAQ: OSPN), the global leader in securing remote banking transactions, today announced that leading Turkish bank, DenizBank, is using OneSpan’s Mobile Security Suite to protect 2.6 million mobile customers across the bank’s mobile banking app MobilDeniz, mobile wallet fastPay and card management application DenizKartım.
