Banks Set To Invest In Legacy Systems To Combat Challenger Bank Threat
- 5 years 2 months ago
- Banking
More than three-quarters (80%) of bankers believe challenger banks are an increased threat to their business, while almost one-third (30%) believe they will be the single most disruptive threat in 2019. The survey, commissioned by fintech provider Fraedom, found that in response the challenger bank threat, bankers expect their organisations to invest heavily in updating legacy systems (44%) and new technology (26%) in 2019.
PrePay Solutions Powers First UK Business Banking App to with Invoicing and Expense
PrePay Solutions (PPS), subsidiary of Edenred the world’s leading corporate payments organisation, is supporting Countingup to become the first mobile bank in the UK to offer invoicing and expense tools.
Wolters Kluwer Invited to Bank of England Roundtable on the Resolvability Assessment Framework Package
- 5 years 2 months ago
- Banking, Risk Management
Wolters Kluwer’s Finance, Risk & Reporting (FRR) business has been invited to take part in an industry roundtable, organized by the Bank of England, which will discuss proposals designed to ensure U.K. banks are accountable for their own resolvability - the Resolvability Assessment Framework (RAF).
KeyBank Successfully Implements Black Knight's MSP Servicing System for First Mortgages
- 5 years 2 months ago
- Banking
Black Knight, Inc. (NYSE:
Abu Dhabi Commercial Bank Reveals Strands-powered PFM App
- 5 years 2 months ago
- Banking, Infrastructure
ADCB has gone live in the United Arab Emirates with its personal finance management (PFM) application built on Strands' technology. The MoneyBuddy app helps ADCB customers understand and manage their finances in a smarter and more independent way. Abu Dhabi Commercial Bank is introducing a new way of communicating with its clients, focusing on a transformative user experience and offering their users all the tools they need to get a 360º... more
Central 1 Partners with SecureKey
- 5 years 2 months ago
- Banking
Central 1, creating digital solutions that make everyday banking easier, today announces the launch of technology that allows financial institutions to offer SecureKey ConciergeTM, a single sign-on authentication service, to their members.
Citi and HSBC foreign exchange prime broking first to go live with Capitolis Novation
- 5 years 2 months ago
- Banking, Infrastructure
Capitolis, the pioneering technology provider for the capital markets, announced today that Citi and HSBC are the first FX prime brokers to be live on Capitolis Novation, its ground-breaking novation service in foreign exchange. The two leading banks were live in December 2018 and contributed to bringing the service to the market alongside Capitolis. The service has streamlined the novation process, helping to meaningfully reduce the time it... more
BofA rolls out biz banking toolkit
- 5 years 2 months ago
- Banking
Bank of America today introduced Business Advantage 360, a new digital dashboard designed to make it easier for entrepreneurs to manage the various financial aspects of their business. Available for the first time to any Bank of America client with a business deposit account, Business Advantage 360 provides a complete view of business cash flow and access to real-time expertise and guidance – all in one simple tool with new functionality.
ebankIT to showcase its innovative digital banking solution at Finovate Europe
- 5 years 2 months ago
- Online Banking, IT Innovations
Portuguese fintech ebankIT will be live on the main stage at Finovate Europe, one of the world’s most prestigious events dedicated to financial technology, to showcase in less than 7 minutes and without using videos or slides, how banks and credit unions can significantly accelerate their omnichannel digital transformation process. Before a crowd of over 500 representatives of the world’s most renowned financial institutions, ebankIT’s challenge... more
Smith & Williamson adopts Avaloq’s SaaS solution
- 5 years 2 months ago
- Investment Management, Wealth Management, Banking
Smith & Williamson, the UK-based financial and professional services firm, has further enhanced its relationship with international fintech leader Avaloq by adopting its comprehensive Software as a Service (SaaS) solution. The move comes six months after Smith & Williamson selected Avaloq to help enhance the delivery of investment management services to its clients and support the continued growth of the business through the Avaloq... more
Making Gains? Klarna’s Pay later service now available to Gymshark customers in the UK & Nordics
- 5 years 2 months ago
- Payments, Online Banking
Gymshark and Klarna have today announced the launch of Klarna’s Pay later service in the UK, Sweden, Norway, Finland and Denmark. Enabling Gymshark’s loyal community of shoppers to order the latest fitness apparel and pay after delivery.
Omnio Group to Unveil New Brand at the Tower of London
Omnio Group, a banking and payment services provider formed from the merger of Payment Cloud Technologies (PCT) and Tuxedo Money Solutions, will host its exclusive launch celebration on 26th February at the Tower of London. Since the successful merger of the two predecessor companies in August 2018, Omnio Group has been refining its suite of innovative financial services as well as developing its all-new brand identity and is now ready to... more
Over half of Brits borrowing from family instead of banks
- 5 years 2 months ago
- Alternative Finance, Infrastructure
New data from the UK’s leading price comparison site, MoneySuperMarket, reveals the true extent to which Brits rely on immediate family for financial help. The data shows that over half (55 per cent) of Brits have borrowed over £100 from a family member, with the average loan reaching as high as £2,2271, meaning the UK’s total family debt runs into the billions.
Sberbank and 500 Startups select seven start-ups for Silicon Valley
- 5 years 2 months ago
- Banking
Sberbank has selected thirty start-ups that completed the acceleration at the joint Russian-American accelerator of Sberbank and 500 Startups. Sberbank also decided to invest up to RUB 120 mln in them. More than half of start-ups received offers on cooperation from major Russian companies that took part in the Demo Day of the accelerator. As a result of the acceleration, seven teams were selected. Their products were recognised as having foreign... more
AccountScore and The Insolvency Panel announce first ever open banking solution for free-to-client debt advisors
- 5 years 2 months ago
- Banking
AccountScore, together with The Insolvency Panel, today announced the launch of the first ever Open Banking solution for the debt advice and debt solutions sector
