Banking

Avoka Enhances Transact Insights with Customer Journey Visualization

Avoka, the leader in digital customer acquisition journeys in banking, today announced a new capability in Transact Insights™, the behavioral analytics module of the Avoka Transact® Platform. Read more »

ACCUITY TRANSFORMS BANKERS ALMANAC TO ACCELERATE AND IMPROVE RISK INSIGHTS, AND REDUCE COST OF COUNTERPARTY KYC

Accuity, the global provider of financial crime compliance, payments and Know Your Customer (KYC) solutions, has announced a multi-year transformation programme to enhance its Bankers Almanac Risk & Compliance portfolio that will help banks conduct faster and more accurate risk assessments for financial counterparties. Read more »

Accuity 2018 payments report finds banks embracing automation to deliver accurate payments and a better customer experience

According to the Accuity “2018 Payments Industry Report” released today, payments providers are more focused on streamlining and automating the validation of bank and payment information in order to reduce payment failures and create a more trusted and transparent experience.  Read more »

Bank of America Merrill Lynch Enhances Foreign Exchange Payments Using Data Analytics

Bank of America Merrill Lynch today announced enhancements to AutoFX, its automated currency conversion product for financial institutions. The new capability uses data analytics to make settlements faster, less expensive and more certain for the sending bank. AutoFX now also allows users to customize criteria for automated conversion. Read more »

Fidor and GFT extend partnership to the Americas markets

Fidor Solutions, an innovative provider of digital banking services, today announces its extended partnership agreement with GFT USA, Inc. This partnership will see GFT USA, Inc. offer Fidor’s operating platform (fidorOS/fOS) and associated services to banks across the Americas. Read more »

Finastra Offers Immediate Payments Capabilities in the Cloud for Small and Mid-sized Banks

Today at Sibos and Money 2020, Finastra revealed its instant payments offering in the cloud for small and mid-sized banks. The Fusion Global PAYplus packaged solution will enable tier three and four financial institutions in the EU and US to access the benefits that the cloud delivers, without the cost and on-premise infrastructure requirements that may previously have been a barrier to entry. Read more »

SWIFT creates financial sector API blueprint

SWIFT has today published a blueprint for common API standards following collaboration with European banking standards bodies, STET and Berlin Group NextGenPSD2 – who together represent many of the region’s banks and payment service providers.  As pressure from regulators and customers shift banking towards more open access to financial services, SWIFT is playing a lead role in unlocking the potential of API technology by providing the neutral... more Read more »

Moven Enterprise Expands Availability of AI Smart-Banking Solution with Global Launch

 Moven Enterprise, the smart-banking solutions division of Movencorp, Inc, today announced that it has expanded its footprint globally to help banks deepen their digital customer engagement and drive new revenue streams while significantly reducing attrition and acquisition costs. Read more »

ING goes a step further in blockchain data privacy and releases Zero-Knowledge Set Membership

ING Bank has announced the release of its Zero-Knowledge Set Membership (ZKSM) solution. The solution marks the further development of the bank’s Zero-Knowledge Range Proof (ZKRP), that empowers clients by improving privacy in a Distributed Ledger Technology (DLT) environment. Read more »

Broadridge Launches Next-Generation Global Asset Servicing Solution

Broadridge Financial Solutions, Inc. (NYSE:BR), an S&P 500 company and global Fintech leader, today announced a next-generation solution to address key industry, business and operational challenges with global asset servicing. Read more »

ICS BANKS Auto Collection System

ICS BANKS Auto Collection System is a robust collections software solution that is introduced to reduce and mitigate risk of managing past due or delinquent accounts. This automated system monitors the customer’s accounts which have unpaid arrears in order to track any amount that becomes available, and blocks it against these arrears, before being drawn or used by the customer. Read more »

Commerzbank announces plans to automate selected compliance relevant pre-checks in trade finance transaction processing by 2020

The Bank has partnered with fintech Conpend to automate selected compliance relevant pre- checks processes for trade finance transactions ●  The solution will reduce transaction processing times while improving risk controls and interaction with clients ●  Enno-Burghard Weitzel: “We are leading the change towards a new era for trade financeprocessing. Our aim is to focus the expertise of our trade finance specialists to the crucial and complex... more Read more »

BMO Partners with ACI Worldwide to Drive Payments Modernization

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, along with BMO Financial Group (BMO), announced today that BMO has rolled out ACI’s world-class payments hub within their business in just nine months, integrating a number of BMO's core payment systems and driving efficiencies for customers. Read more »

NatWest becomes first bank to launch revolutionary syndicated lending platform

NatWest has become the first bank to integrate with a new blockchain-based platform that aims to dramatically transform and streamline the global syndicated loans market. In 2017 syndicated loan deals worth over £3.5 trillion were brokered globally. The new platform is set to go live from November 2018.  Read more »

Finance Industry Receives Cheque Imaging Update at Annual Conference

Leading figures from a number of banks, building societies and other financial institutions have been provided with a valuable update on the progress of the new Image Clearing System (ICS) for cheques, twelve months since its introduction across the UK. Delegates heard a variety of presentations at the 4th Annual Cheque Imaging & Remote Deposit Capture Conference, held at Stationers’ Hall in London last Thursday (October 11). Read more »

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