The Monetary Authority of Singapore (MAS) will give banks and credit card issuers more time to adopt the E-Payments User Protection Guidelines (“Guidelines”). The Guidelines aim to set standards in the following areas: a) Set out duties of financial institutions and users for secure e-payment transactions; b) Simplify error resolution processes when a user sends money to the wrong recipient; and c) Apportion liability between financial... more Read more »
Banking customers are increasingly opening multiple accounts, particularly the younger generations, with up to a third of Millennials and Gen-Zs having opened at least two new accounts in the past 5 years. The research, commissioned by digital banking software provider CREALOGIX, found consumers are attracted by mobile features that improve convenience, functionality and control. Read more »
Danske Bank and Nets have entered into a five-year agreement to issue and develop the Dankort card. This means that Danske Bank’s customers will still be able to use the Dankort card for payments as they do today. Furthermore, the parties will cooperate to develop the payment infrastructure in Denmark. Danske Bank’s customers must also in future be able to pay with the Dankort card, thus using one of the most popular payment solutions in... more Read more »
Banking Competition Remedies Ltd (BCR), the independent body established to implement the £775 million Royal Bank of Scotland (RBS) State Aid Alternative Remedies Package, today announces the opening of the application window for Pool B of the Capability and Innovation Fund. The Capability and Innovation Fund is designed to support the development of wider capabilities and competition in the SME banking markets. The fund comprises of four pools... more Read more »
The World Bank’s Identification for Development (ID4D) Initiative is partnering with WorkInProgress, an Absa Innovation Lab in Cape Town, to host a ‘solveathon’ workshop for the inaugural Mission Billion Challenge. Read more »
Thanks to our partnership with Flux, you’ll now be able to see receipts for purchases at selected retailers in your Monzo app! Right now, you can see receipts whenever you shop at EAT., Itsu, Pure and Pod. A selection of Flux retailers available through Monzo. This is just the beginning. Over the next few months, we’ll be working with Flux to include even more retailers. Some stores also bundle loyalty offers and rewards into their receipts, so... more Read more »
The European challenger and innovative bank in Portugal, Banco BNI Europa, became recently a strategic customer of NDGIT, provider of the first API platform for banking and insurance in Europe. BNI Europa implements "PSD2 Ready", NDGIT’s smart standardized software solution following the Berlin Group RTS standard, to fulfil all PSD2 requirements – fast and efficient. This cooperation is a milestone for the future development of Open Banking in... more Read more »
The Western Union Company, a leader in cross-border, cross-currency money movement, and Read more »
Avoka, a Temenos company and SaaS leader in digital customer journeys in banking, today announced the launch of Workspaces, a new module of the Avoka platform within the Temenos Infinity product. Workspaces is a digital review and approval workspace for retail banking and credit union staff, built to support resolution and customer service for account opening and onboarding. The new module is included with all implementations of the Avoka... more Read more »
Raiffeisen and Avaloq have made IT history: one of Switzerland’s biggest IT projects was successfully completed at the start of January. In a first for the financial industry, 253 banks (246 Raiffeisen banks, six branches and the central bank) will now be operated on one platform. The platform is available to all 11,000 employees at 900 separate Raiffeisen sites throughout Switzerland. Long-term continuation of a successful collaboration Read more »
Temenos, the banking software company, today announced that it has been certified ISO 14001. Temenos has successfully implemented an Environmental Management System (EMS) in the company’s three offices in India (Chennai and Bangalore), which account for 52% of the total global employee workforce and are the hub of its product development activities. In addition, Temenos received ISO 14001: 2015 certification of its EMS, independently verified by... more Read more »
Leading identity confirmation provider HooYu has partnered with hassle-free alternative banking solution, Suits Me, to help financially-excluded workers get quicker and simpler access to bank services. Read more »
Commercial Bank of Kuwait has started to adopt the smart-branch model by creating a flexible and cost-effective virtual banking system that would allow remote consultations via video kiosks — touchscreen PCs with connected headsets. The system is based on TrueConf Server, a video conferencing software server. TrueConf’s premises-based solution operates in LAN/VPN and guarantees secure data storage and transfer, which is a strong requirement for... more Read more »
Supermarket shopping, banking, switching energy supplier, booking a restaurant table, ordering pizza, choosing a holiday destination. The Internet has transformed our lives by making these everyday actions easy to complete, online, from any device. Yet up to 15 million people in the UK alone face digital accessibility issues when they use websites from many leading commercial or public-sector organisations. Globally it is becoming an expensive... more Read more »
Temenos, the banking software company, and Credorax, a leading global smart acquiring banking firm, today announced that it has selected Temenos T24 Transact deployed on the cloud. Temenos’ digital banking platform in the cloud will enable Credorax to expand into new market segments, and accelerate time-to-market for its offerings, for enterprises and small businesses, beyond merchant acquiring, into cross-border payments and banking services. Read more »
