Nomura Expands Pico Relationship to Accelerate Growth of Global FX and Rates Businesses
- 5 years 2 months ago
- Trading Systems, Banking
Nomura, Asia’s global investment bank, has selected Pico, a leading provider of technology services for the financial markets community globally, to build, host and manage a new platform supporting its latest innovation programs in foreign exchange (FX) and rates trading businesses. The Nomura FX trading platform is co-located in data centres based in New Jersey (NY4), London (LD4) and Tokyo (TY3). With more efficient processing, Nomura’s... more
Wolters Kluwer Survey Points to Substantial Risk and Compliance Concerns for U.S. Lenders
- 5 years 2 months ago
- Banking
Notable regulatory compliance and risk challenges remain high in a number of key areas for U.S. banks and credit unions. That’s according to results of Wolters Kluwer’s eagerly anticipated 2019 Regulatory & Risk Management Indicator survey.
Canadian Neo Bank Koho Extends Series B by C$25 Million
- 5 years 2 months ago
- Banking
Drive Capital and National Bank of Canada have invested C$25 million in Canadian neo banking startup Koho. The new funding is an extension of the startup's earlier $42 million fundraising round led by Portag3 Ventures. Billed as an alternative to a traditional banking experience, Koho users are furnished with a reloadbale Visa card and and a mobile app which offers real-time insights into money management, instant cashback, round-ups, and... more
Monzo Hires Visa's Anil to Lead US expansion
- 5 years 2 months ago
- Banking, People Moves
UK digital bank Monzo has hired Visa's global head of payment products and platforms, TS Anil, to lead its push into the US. Anil, a 25-year financial services veteran with stints at Standard Chartered, Citi and Capital One behind him, will join Monzo as US CEO early next year. Monzo launched an initial beta roll-out in the US in August, working with 1000 customers to gather feedback on what it says will be a bespoke product for the American... more
Citibank Launches One-stop Mobile Account Opening Service
- 5 years 2 months ago
- Banking
Citibank is launching its one-stop Mobile Account Opening Service, which allows new clients to open bank account1 (Citibanking, Citi Priority or Citigold Account) and investment accounts in one go through Citi Mobile® App at anytime and anywhere. The account application can be completed in a minimum of 10 minutes2. Once the application is completed and approved, the new bank account can be used immediately on the same day. Clients no longer have... more
The Avaloq Banking Suite enhances the user experience of Maybank Premier clients in Singapore
- 5 years 2 months ago
- Banking
The Avaloq Banking Suite has been adopted by Maybank Group, South East Asia’s fourth largest bank by assets, to serve Maybank Premier clients in Singapore. The implementation, which went live successfully within the bank’s timeline on 25 November 2019, will provide the Maybank Premier segment with significantly enhanced system capabilities, delivering investment product features for affluent clients while upgrading the risk management and... more
Zopa Closes in on £130m Capital Injection for Bank Push
- 5 years 2 months ago
- Retail Banking
UK peer-to-peer lending outfit Zopa is set to secure £130 million in funding, enabling it to meet regulatory capital requirements for its foray into banking. As first reported by Sky News, an entity linked to IAG Capital Partners, a US-based fund, and its UK investment vehicle Silverstripe is on the verge of taking a majority stake in Zopa. The expected funding comes just days before Zopa's banking license-with-restrictions expires a year after... more
Norway’s Bank Branches Equipped with Keesing Solution to Streamline Onboarding of Customers.
Keesing Technologies is happy to report that, together with trusted partner Risk Information Group (RIG), it has been able to implement AuthentiScan, its customer onboarding and identity proofing solution in over 96% of all physical bank branches in Norway. Furthermore, the solution is rapidly gaining ground in Sweden, Denmark and Finland.
Path Solutions tops the Islamic Finance category in bobsguide Software Rankings 2019
- 5 years 2 months ago
- Islamic Finance
Path Solutions, a worldwide provider of Islamic software solutions and services ranked first for the second year in a row in the annual bobsguide Software Rankings’ Islamic Finance category. The bobsguide Software Rankings are reflective of the power of technological advancement in a vibrant fintech ecosystem. bobsguide tabulated nominations from across the globe in 36 categories. Path Solutions won over every other entrant in the Islamic... more
HSBC and Santander to refund customers after CMA action
- 5 years 3 months ago
- Banking
HSBC was found to have twice broken Part 6 of the Competition and Market Authority’s (CMA) Retail Banking Market Investigation Order and is refunding £8m to 115,000 customers. Santander broke the Order 6 times and has agreed to issue a refund but has yet to confirm the number of customers affected and how much it will refund.
Moneypenny and NatWest announce partnership to support UK small businesses
- 5 years 3 months ago
- Banking
NatWest is partnering with Moneypenny, the world’s largest and highest rated outsourced communications provider, to bring the 900 entrepreneurs it supports through its Accelerators exclusive access to tools and advice that will help them to grow and develop their businesses.
Sberbank launched “Collect Money and Split Bill” mobile app
- 5 years 3 months ago
- Banking
Sberbank has launched a new service called “Collect Money and Split Bill” in the Dialogues section with Sberbank Online mobile app.
Danske Bank appoints new Group COO
- 5 years 3 months ago
- Banking, People Moves
Danske Bank A/S has appointed Frans Woelders as Group COO and member of the Executive Leadership Team with overall responsibility for Group Services and Group IT. Frans Woelders joins from the position of Chief Digital Officer for Personal Banking of Royal Bank of Scotland. Prior to that, he has experience from positions with ABN AMRO Bank, including as CEO of Retail Banking and as Group Chief Information Officer.
NatWest's Bó Forced to Fend off Fraudsters in Early Days
- 5 years 3 months ago
- Retail Banking
Bó, NatWest's new app-based bank has been actively targeted by fraudsters within weeks of its public launch. The Times reports that around 30% of applications since the product went live two weeks ago have been fraudulent.
