New mobile money propositions have the potential to reduce the world’s unbanked population by more than a third
A new report from Mastercard confirms the power of mobile technology to improve financial inclusion. The research shows that 15 countries account for over 60% of the global unbanked population, where 607 million people have a mobile phone, but do not yet have a bank account. Mobile technology could therefore provide them with immediate access to the benefits of financial inclusion. In all but one of these 15 countries (India) people with a... more
VERMEG Earns Top Marks in 2019 Corporate Equality Index
VERMEG, the banking and insurance software solutions leader, is proud to announce it has received a top mark on the 2019 Corporate Equality Index (CEI). The CEI is recognized as the premier benchmarking survey and report in the United States and abroad on corporate policies and practices related to LGBTQ workplace equality, and is administered by the Human Rights Campaign (HRC) Foundation. VERMEG joins the ranks of over 560 major U.S.... more
Deutsche Bank to use Nasdaq tech to operate single dealer platform
- 5 years 11 months ago
- Banking
Deutsche Bank Securities Inc. (NYSE: DB) and Nasdaq (Nasdaq: NDAQ) are pleased to announce that Deutsche Bank’s new Single Dealer Platform will be developed with Deutsche Bank, and hosted and operated by Nasdaq’s market technology. The expected go-live is targeted for Q3 2019.
Commerzbank completes first Marco Polo pilot
- 5 years 11 months ago
- Banking
Commerzbank and Landesbank Baden-Württemberg (LBBW) have today announced that they have – for the first time – successfully executed the necessary data transfers to complete two commercial transactions via blockchain-based trade finance network Marco Polo.
SigFig unveils digital advice platform for banks
- 5 years 11 months ago
- Banking, Infrastructure
SigFig, a financial technology company that is reimagining customer experiences in financial services, today announced the launch of SigFig Atlas, a financial advice and software-guided sales platform for banks and customers. The platform empowers banks to provide consistent, personalized financial advice and engage in high-quality customer conversations - improving customer satisfaction and loyalty.
ACI Worldwide and Western Union Announce Early Termination of HSR Waiting Period in Connection with Proposed Acquisition of Speedpay U.S. Domestic Bill Pay Business
ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, and The Western Union Company (NYSE: WU), a global leader in cross-border, cross-currency money movement, today announced that the Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 with respect to ACI’s previously announced acquisition of Speedpay... more
Klarna launches Open Banking Platform
Today, Klarna, one of Europe’s leading payment providers and the global market leader in payment initiation services, announces the launch of its own Open Banking Platform. This platform will enable access to more than 4,300 European banks through a single Access to Account (XS2A) API in line with Payment Services Directive (PSD2). Klarna’s XS2A API is the most established and proven solution that has been developed at scale across markets for... more
VERMEG appoints senior banking and payments expert as General Manager in the UK
VERMEG, the banking and insurance software solution leader, has appointed Philip Harrison as General Manager for the United Kingdom (UK). Philip joins the VERMEG Executive Committee with over thirty years’ experience and takes responsibility for sales, pre-sales, professional services and client support across all industries and product lines throughout VERMEG UK.
Bank 131: CEE's first Fintech bank
- 5 years 11 months ago
- Banking
New bank is going to focus on active internet population that not only shops, but also earns their income online: both companies and entrepreneurs. Looking forward it might also consider servicing individuals, but not from the beginning. Bank 131 strategy is to make a transparent and compliant way of making business and earning income online. Which is not always the case at this point. Up till now the online businesses and entrepreneurs face... more
Pelican expands pan-European Open Banking API interoperability
- 5 years 11 months ago
- Banking
Pelican (pelican.ai), a global provider of AI-powered payments and financial crime compliance solutions for banks and corporates, today announced the further extension of its API Interoperability solution, with expanded support for the six popular Open Banking API standards, now including the UK’s OBWG, France's STET and the Berlin Group, together with the Czech ČSOB, and the Polish and Slovakian APIs.
Two of the World's Largest Banks are Migrating to the Clareti Platform
- 5 years 11 months ago
- Banking
Gresham Technologies plc, the leading software and services company that specialises in providing real-time data integrity and control solutions announces a second major global bank win in the first quarter of 2019. Since the first Clareti customer went live in 2013, Clareti technology has been adopted by over 100 firms and the platform has become a de-facto industry standard for enterprise data integrity and control.
CTBC Bank and Emirates NBD recognised as Best Retail Bank in Asia Pacific and the Middle East, respectively at The Asian Banker Excellence in Retail Financial Services Awards 2019
- 5 years 11 months ago
- Banking
The Asian Banker Annual Excellence in Retail Financial Services Awards Ceremony and Dinner 2019 took place at the Conrad Dubai. Over 200 senior bankers from 40 banks across Asia Pacific, Middle East and Africa gathered to recognise institutional best practices and outstanding achievements in 2018.
Finastra brings community banking services outside the branch with the launch of Fusion Digital Front Office
- 5 years 11 months ago
- Banking
Finastra has launched Fusion Digital Front Office, an innovative tablet-based banking platform that enables community banks and credit unions to take services directly to the consumer, outside of the branch. The solution provides a simple gateway to manage account origination, sales and service, and transaction processing from any remote location.
Krungsri, a Tier-One Thai bank, Implements Surecomp’s allNETT 6.3 to Power Digital Trade Transformation
- 5 years 11 months ago
- Banking
Surecomp®, the leading global provider of trade finance solutions for banks and corporates, announced today the successful upgrade of allNETT®, a SWIFT compliant web based front-end trade finance system for The Bank of Ayudhya Public Company Limited (Krungsri Group). The bank will now be running allNETT 6.3 alongside Surecomp’s back-office trade finance solution; together they will provide Krungsri a seamless, end-to-end processing of their... more
Digitization Emerging as the Key to Survival in Banking
- 5 years 11 months ago
- Banking
With the momentum that has lifted the banking sector's performance over the first half of the decade slowing in all major markets, banks must leverage digital technology to battle disruption and stem the threat of disintermediation brought on by fast-moving, newer entrants—or pay the price in staying power and profitability, according to a new report by
