Standard Chartered Invests in Regtech Startup Silent Eight
- 5 years 3 months ago
- Wholesale Banking
Standard Chartered’s innovation, fintech and ventures unit, SC Ventures, has participated in a Series A funding round for regtech Silent Eight. The AI-powered anti-money laundering and counter-terrorism financing startup raised an oversubscribed US$6.2 million in the round, with OTB Ventures and Wavemaker Partners also participating. The capital will be directed at new hires, with plans to double its 50-strong global headcount by the end of Q1... more
Pay.UK Knocks Back Faster Payments Fees to Cover APP Fraud
- 5 years 3 months ago
- Retail Banking
Proposals by seven UK banks to levy a per transaction fee for for certain Faster Payment transactions as a means to provide a long-term, sustainable funding arrangement for the reimbursement of APP scam victims, have been knocked back by governing body Pay.UK following an industry-wide consultation.
Avaloq completes the acquisition of Derivative Partners
Avaloq, the leading cloud platform and service provider for banks, wealth managers and investment firms, has successfully closed the acquisition of Zurich-based Derivative Partners AG, the number one independent information and data provider for structured products and derivatives in Switzerland. The deal was first announced in July this year. Derivative Partners will continue to operate as an organizational entity, with all staff retained.... more
Banking Circle Lending has been named Best Alternative SME Lender in the £0-£250,000 category
- 5 years 3 months ago
- Banking
Banking Circle Lending has been named Best Alternative SME Lender in the £0-£250,000 category at the Credit Strategy Lending Awards. Announced at a ceremony during the Credit Strategy Lending Summit in London, the Lending Awards is the only awards programme which distinguishes and rewards individuals and businesses across the spectrum of Alternative Lending, Commercial Finance and Mortgage sectors. As such they celebrate and recognise... more
United Arab Bank chooses Finastra to power digital transformation
Finastra announced today, during Finastra Universe Dubai, that it has signed a transformative deal with United Arab Bank, a UAE-based bank that offers services to retail and corporate customers.
Visa and Georgia's TBC-Backed Neobank-Space Announce Strategic Partnership
Visa, the world’s leader in digital payments, and Space, the first fully digital bank in Georgia, today announced they have signed a partnership agreement to jointly develop innovative banking services and expand digital banking footprints in new geographies.
Google Partners Citi on Checking Account
- 5 years 3 months ago
- Retail Banking
Big tech's long march on financial services continues, with Google partnering Citi and a small Stanford University-affiliated credit union to launch a checking account.
CIMB Bank Singapore Partners SESAMi-Capital Match to Bring Cost-effective E-supply Chain Financing Solutions to the Supplier Community
- 5 years 3 months ago
- Banking
CIMB Bank Berhad, Singapore branch ("CIMB") today announced its collaboration with SESAMi Holding and Capital Match, to finance the SESAMi trading community's invoices digitally under an automated workflow.
Wolters Kluwer Names Winners of its 2019 Community Impact Award
- 5 years 3 months ago
- Banking, Risk Management
Wolters Kluwer’s Compliance Solutions business has named Woodforest National Bank, headquartered in The Woodlands, Texas, and Washington Financial Bank, based in Washington County, Penn., as winners of its 2019 Community Impact Award. The award honors financial institutions for the breadth and innovative application of community development programs to benefit low-
Offline Payments App Selected as Winning Prototype at Biggest-Ever Temenos Innovation Hackathon
- 5 years 3 months ago
- Banking
Temenos (SIX: TEMN), the banking software company, today announced the winners of the largest Temenos Innovation Hackathon to-date, which used the extensive ecosystem of open APIs available on its Developer Portal. The winning team was recognized for its highly innovative offline payments app out of 157 participating teams made up of almost 800 participants from Temenos development teams across offices in Bangalore, Chennai and Hyderabad.
Avaloq’s e-banking solution live with another bank
- 5 years 3 months ago
- Banking
Avaloq’s e-banking solution is now in operation at Thurgauer Kantonalbank (TKB). E-banking has been integrated into the bank’s existing customer portal, providing a comprehensive solution for end customers. TKB is one of Avaloq’s longest standing clients, having worked with the Swiss fintech since 2005.
NatWest announces integration with Xero
- 5 years 3 months ago
- Platform Technology, Banking
NatWest has today announced a new technology integration with global accountancy software provider Xero, which will allow its subscribers to access a NatWest financing service directly from the Xero platform.
OCBC Bank to Introduce account-to-account Transfers with Google Pay
- 5 years 3 months ago
- Retail Banking
OCBC Bank has entered into a partnership with Google to bring a refreshed Google Pay app to Singapore in January 2020.
DBS and Google to Integrate DBS PayLah! with GPay Services
- 5 years 3 months ago
- Retail Banking
DBS today announced plans to launch Google Pay services with DBS PayLah! by early 2020.
AltPay extends financial solutions through payment expert ONPEX
ONPEX, a leading provider of multi-currency IBAN accounts, has partnered with UK-based regulated eMoney institution (EMI), AltPay. The partnership will enable AltPay to offer efficient and affordable payments solution to its existing customers, while helping the EMI to achieve its ambitious growth plans for 2020 and beyond.
