Major bank in the South Urals joins Faster Payment System
Credit Ural Bank has become the first local bank in the Chelyabinsk Region to join the Fast Payment System (FPS). The bank’s entry into the FPS will enable its customers to make payments using their mobile phone numbers as a token.
Thought Machine Raises $83m in Series B Funding
- 4 years 12 months ago
- Banking
Thought Machine raises $83m in series B funding to drive global growth and banking transformation mission. Thought Machine, the cloud native core banking technology firm, has raised $83 million to drive the next phase of its growth. The funding will strengthen Thought Machine’s mission to transform banking by deploying modern cloud-native systems and continue investment in its core engineering capability. The funding will also be used to drive... more
Wirecard and Xolo offer seamless banking for freelancers on a global scale within the “gig economy”
- 4 years 12 months ago
- Banking
Wirecard, the global innovation leader for digital financial technology, is cooperating with Xolo, formerly LeapIN, the online platform for launching and running micro-businesses anywhere in the world, to offer fully digital seamless banking for entrepreneurs. The new partnership will enable Xolo, supported by Wirecard’s digital banking services, to revamp and enhance the banking and accounting aspect of its current platform.
Avaloq named Best Core Banking Platform in Asia
- 5 years 19 hours ago
- Banking
Avaloq, the global fintech leader, has been chosen as the provider of the Best Core Banking Platform in the latest Asian Private Banker Technology Awards. The award is the first Avaloq has won in 2020 and follows a strong year of industry recognition in 2019.
UnionBank and Wirecard cooperate on digital banking services for corporate customers in the Philippines
- 5 years 20 hours ago
- Banking
As part of its goal of enabling inclusive prosperity in the country, Union Bank of the Philippines (UnionBank) inked a partnership agreement with Germany-based financial services provider Wirecard to make banking services more convenient and efficient for corporate customers in the financial services ecosystem.
Danske Bank discontinues 400 positions and lays off app. 230 employees across the Group
- 5 years 1 day ago
- Banking
As a consequence of the need to reduce costs, 400 positions are discontinued. As it has not been possible to find other positions in the bank for all affected employees, app. 230 are laid off across the Group.
UK Research: Unsecured Borrowers Favour Banks and Brands Amid Brexit Limbo
- 5 years 1 day ago
- Artificial Intelligence, Banking
Against a backdrop of political and economic uncertainty, UK borrowers turned to established and familiar lenders in 2019, according to a new research report* launched today by Equiniti Credit Services and Credit Kudos.
Finastra powers retail banking innovation with four new fintech apps on FusionStore
- 5 years 2 days ago
- Retail Banking
Finastra today announced the launch of four new retail banking apps on FusionStore, the firm’s app marketplace.
Tinkoff is the title partner of the Russian Football Premier League
- 5 years 2 days ago
- Banking
Tinkoff announces it has signed a title partnership agreement with the Russian Football Premier League (RFPL). The agreement covers the 2019/2020, 2020/21 and 2021/22 football seasons. Starting from February 2020, the most popular sporting event in Russia will be called the Tinkoff Russian Football Premier League. Under the signed agreement, Tinkoff will be the title sponsor of the League and the Tinkoff brand will be integrated into various... more
Rabobank Optimizes Digital Pricing Strategy with Brilliance
- 5 years 2 days ago
- Banking
Brilliance Financial Technology, a global leader in providing end-to-end digital pricing and intelligence, today announced its strategic partnership with Rabobank, the world’s largest Food & Agri financial institution based in the Netherlands. Rabobank likes to work with partners that add value for its customers.
Leading Libyan Bank Chooses Temenos to Accelerate Digital Transformation
- 5 years 2 days ago
- Banking
Temenos (SIX: TEMN), the banking software company, today announced that Assaray Trade and Investment Bank (ATIB) has selected Temenos Infinity and Temenos Transact to power its digital transformation. Temenos’ cloud-native, cloud-agnostic banking platform will enable the bank to quickly launch new digital products for retail and corporate banking and improve the customer experience.
Asian Private Banker Names Fenergo as the Best KYC and Client Onboarding Solution of the Year
- 5 years 3 days ago
- Banking, AML and KYC
Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions for financial institutions, today announced it has been awarded “Best KYC and Client Onboarding Solution” by the Asian Private Banker Technology Awards. This accolade is testament to Fenergo’s powerful technology suite and ability to ensure compliance with regulations relating to KYC and customer onboarding for financial... more
ClickSWITCH to Deliver Account Switching Technology to Finastra Clients
- 5 years 3 days ago
- Retail Banking
ClickSWITCH today announced that it would deliver ClickSWITCH’s technology to clients of Finastra’s core banking solutions, Fusion Phoenix and Fusion UltraData. The two companies already share some overlap of clients, including both banks and credit unions.
EIB Group and Commerzbank join forces for additional lending to SMEs and Mid- Caps
- 5 years 3 days ago
- Banking
The EIB Group, consisting of the European Investment Bank (EIB) and the European Investment Fund (EIF), has provided a mezzanine tranche guarantee of around EUR 100m to Commerzbank AG on a EUR 1.500m granular portfolio of loans to SMEs and Mid-Caps originated by Commerzbank in its ordinary business. The guarantee will release regulatory capital for Commerzbank and will enable Commerzbank to provide further lending of up to EUR 400m to innovative... more
Trustly and Norwegian Air team up to let travelers pay directly from their bank accounts
Online banking payments provider Trustly is pleased to announce a partnership with Norwegian Air, a listed company on the Oslo Stock Exchange and one of the world's largest low-cost airlines operating 500 routes. Through the partnership, Norwegian passengers will be able to pay for their tickets securely and directly from their online bank account.
