US Neobank Current Raises $20 million
- 5 years 4 months ago
- Banking
US neobank Current has raised $20 million in a bid to grow its user base to one million personal checking accounts.
SMFG Taps AI to Automatically Recommend Software Repairs
- 5 years 4 months ago
- Retail Banking
Sumitomo Mitsui Financial Group has joined forces with Fujitsu and the Japan Research Institute (JRI) to trial the use of AI to scan for bugs in coding and automatically recommend software repairs.
Why it’s time to say BYE BYE BANKS
- 5 years 4 months ago
- Digital Identity, Banking
Penta, the digital platform for business banking, focusing on founders and small and medium enterprises (SME) is launching their fi
Fenergo reveals that banks could lose $22.75bn to slow onboarding
- 5 years 4 months ago
- Banking
Today, leading provider of digital Client Lifecycle Management (CLM) solutions Fenergo, has announced the results of new research which reveals that slow and manual onboarding processes could lead to commercial and business banks individually losing $4.5bn in revenue if they don’t bring their technology and systems up to date.
Danish Challenger Bank Selects Temenos to Deliver Unrivalled Protection Against Financial Crime
- 5 years 4 months ago
- Banking
Temenos (SIX: TEMN), the banking software company, today announced that Lunar has selected Temenos’ award-winning Financial Crime Mitigation (FCM) to deliver the most complete protection and an enhanced digital customer experience. Temenos’ pre-packaged FCM will be quickly deployed and run on Temenos SaaS to provide a highly scalable and cost-efficient financial crime prevention solution spanning watch-list screening, anti-money laundering (AML... more
Banking Circle Lending and Banking Circle Virtual IBAN shortlisted
- 5 years 4 months ago
- Banking
Banking Circle has been nominated for two Banking Technology Awards: Best use of IT in Lending and Best FinTech Partnership. The Banking Technology Awards, now in their 20th year, recognise excellence and innovation in the use of IT in financial services worldwide. Winners will be announced at a ceremony and gala dinner at the 5-star London Marriott Hotel Grosvenor Square on 5th December 2019.
Santander Cash Nexus Comes to North America
- 5 years 4 months ago
- Wholesale Banking
Santander Bank today unveiled its global Santander Cash Nexus solution for Commercial Banking and Corporate and Investment Banking clients in North America. This new platform offers clients a comprehensive suite of global connectivity solutions and provides access to local payment initiation and information reporting services in 15 markets around the world via a single point of entry.
MUFG Signs Agreement with Saudi Arabian General Investment Authority to promote Japanese investment in the Kingdom
- 5 years 4 months ago
- Investment Management, Banking
MUFG Bank today announced it has signed an agreement with the Saudi Arabian General Investment Authority (SAGIA) to promote Japanese investment in the Kingdom of Saudi Arabia.
Commerzbank, Deutsche Börse and MEAG to reach further step in post-trade services using distributed ledger technology
- 5 years 4 months ago
- Banking
Commerzbank, Deutsche Börse and MEAG, the Asset Manager of Munich Re and ERGO, have reached a further step in examining the scope of distributed ledger technology in post-trade services. The partners successfully completed the settlement of a legally binding secondary market securities transaction via tokens; Commerzbank further used the tokenized cash as collateral at Eurex Clearing as Central Counterparty.
PayQwick Appoints Bob Craig as Chief Operating Officer and Expands Leadership Team
- 5 years 4 months ago
- Wholesale Banking
PayQwick, a financial services company which delivers comprehensive banking and treasury solutions to emerging businesses, is pleased to announce several new additions to its management team.
Standard Chartered to offer domestic cash management services in Europe
- 5 years 4 months ago
- Wholesale Banking
Standard Chartered will offer clients an extensive range of cash management services out of London and Frankfurt covering the UK and Eurozone countries, following investment in a new cash management infrastructure. The infrastructure is scheduled for completion in mid-2020, and in addition to existing high- value clearing, transactional FX and pooling services the bank currently offers, it is developing additional services including: virtual... more
Participants of Elevator Lab Program 2019/20 announced
- 5 years 4 months ago
- Banking
Yesterday, the jury of Raiffeisen Bank International’s (RBI) Elevator Lab selected from 14 finalists six winners who will be allowed to participate in the third round of the Fintech Partnership Program. Supported by RBI experts and mentors, the participants will develop socalled PoCs (Proof of Concept), which they will present on the Demo Day at the beginning of March 2020. On this basis, RBI will evaluate possible cooperations.
Archax selects R3’s Corda Enterprise platform for digital exchange DLT infrastructure
- 5 years 4 months ago
- Banking, Wholesale Banking
Archax, the London-based institutional digital securities exchange, today announced a partnership with R3, the enterprise blockchain software firm. Under this partnership, Archax will use R3’s Corda Enterprise platform to handle post-trade activities on a distributed ledger.
Equiniti Credit Services and Credit Kudos Power Enhanced Credit Decisioning with Open Banking Partnership
- 5 years 4 months ago
- Banking
Equiniti Credit Services, the UK’s leading consumer credit technology and outsourced services provider, today announces it has partnered with FCA-authorised credit bureau and Account Information Service Provider (AISP), Credit Kudos.
New Survey Shows Key Role of Technology in Client Acquisition
Finantix, the leading global provider of trusted technology to the wealth management, insurance, and banking industries, today launched the first part of a wealth management market survey, "New Client Acquisition: How can technology drive sales effectiveness in wealth management”. In this first chapter the research looks to identify the drivers for next generation client acquisition in wealth management and what part technologies have to play... more
