GIFA has named Mohammed Kateeb as the 2018 recipient of the Advocacy Award
- 6 years 4 months ago
- Islamic Finance
September 29th was a remarkable day for Path Solutions as it was recognized and honored twice at the annual Global Islamic Finance Awards (GIFA). The Group Chairman & CEO, Mohammed Kateeb was honored with the Advocacy Award – Islamic Financial Technology, while the company bagged the Market Leadership Award.
Swift User Group Meeting for Iraqi Banks
- 6 years 4 months ago
- Banking
ICSFS was privileged to speak at Swift’s User Group Meeting for Iraqi banks, that took place in Amman, Jordan on 3 October, 2018.
International Webinar: Fintech vs traditional banking October 17 and 25, 2018
Today, Fintech has a strong position in the financial market because the banking sector has experienced a number of difficulties, which has reduced public confidence in the traditional banking system. The EU-introduced PSD2 directive increased competition in the payments sector. Accepting the European option as a ready-made scheme, other states began to use open banking services as an accelerator to achieve their goals.
ICICI Bank Reveals Odyssey City Card
ICICI Bank Ltd. today announced a multi-year partnership with the Bhubaneswar Municipal Corporation (BMC) and Bhubaneswar Smart City Limited (BSCL) to launch a Common Payment Card System (CPCS) which will help citizens use a single payment option for their multi-purpose city-level usage.
BofA presents new mobile capabilities
- 6 years 4 months ago
- Banking, Security, Infrastructure
Bank of America today announced that it is introducing a new feature that will allow clients to move seamlessly between the Bank of America, Merrill Lynch, Merrill Edge and U.S. Trust mobile apps without having to re-authenticate. The new feature is part of a broader approach designed to make it easier for clients to manage their banking and investing activities in one place.
Finxact Unveils Finxact Adaptor to Salesforce AppExchange for banks and fintechs
- 6 years 4 months ago
- Banking
Finxact, a leading innovator in Core as a Service banking technology, today announced it has launched the Finxact Adapter for Salesforce on Salesforce AppExchange, empowering banks and other financial services companies to leverage Financial Services Cloud to connect into the Finxact Core and access bank accounts directly for creating better customer experiences in banking and other financial services.
UniCredit launches workshop-based competition for Gen Z
- 6 years 4 months ago
- Banking
UniCredit, together with Eastwest, today opens the registrations for DesiGenZ, the workshop-based competition focused on finding new ideas for best in class customer journey design for the Bank's future services by working with the bright minds of Generation Z.
CIMB cracks the terminal QR code for mobile wallets
- 6 years 4 months ago
- Banking
CIMB Bank Berhad (“CIMB Bank”) has introduced Quick Response (QR) Payment Acceptance at CIMB terminals, a first- in-the market QR payment acceptance to accept Six major mobile wallets on one terminal.
Bank of Canada's Timothy Lane on decrypting crypto
- 6 years 4 months ago
- Cryptocurrencies, Banking
Some of you here today may have purchased bitcoins or one of the other cryptocurrencies or products that have launched in recent years. I’m not here to give you investment advice about them. Rather, I want to share with you our current thinking about these virtual products.
Almost a third of Brits believe they’ll never pay off their debt
- 6 years 4 months ago
- Banking
Online research from Equifax reveals nearly one third (31%) of people believe they won’t be able to pay off debt within their lifetime, and over one in 10 (12%) say they won’t even be able to reduce their debt levels. The survey, conducted with Gorkana, indicates those aged 18-24 are the most pessimistic about debt, just half (50%) believe they will pay back their debt in full within their lifetime, compared to 78% of 55-64 year olds. Males are... more
Taipei-based E.Sun Commercial Bank Implements Full Suite of Kamakura Risk Management Solutions
- 6 years 4 months ago
- Banking
Kamakura Corporation reported today that Taipei-based E.Sun Commercial Bank has signed an agreement to implement Kamakura's suite of solutions for asset and liability management (ALM), interest rate risk and liquidity management, and interest rate risk in the banking book (IRRBB), as well as managing its liquidity coverage ratio (LCR) and net stable funding ratio (NSFR) in accordance with Basel III regulations. E.Sun selected Kamakura's system... more
Sberbank offering loans without need to submit proof of income
- 6 years 4 months ago
- Banking
Sberbank has launched a pilot project that involves reviewing loan applications without proof of income documents. The project will let clients take out loans of up to RUB 300,000 without providing proof of income. Loan applications can be submitted in branches and also via the web version of Sberbank Online. This pilot will run until 14 October. It coincides with another consumer lending offer: loans at a minimum interest rate of 11.7%. ... more
Compass Plus migrates first Bolivian customer to TranzAxis
Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has announced its first Bolivian customer, Banco Fassil, has migrated its entire ATM network to TranzAxis. Banco Fassil wanted to implement cash recycling ATMs and self-service kiosks, but its ambitions were limited by the system it was using. The bank chose TranzAxis to enable them to modernise their systems and... more
Record Breaking & Unmatched Results of ICS BANKS® Application from ICSFS Performance and High-watermark Benchmarking on Oracle Exadata Database Machine
- 6 years 4 months ago
- Banking
ICS Financial Systems Limited (ICSFS), a global software and services provider for banks and financial institutions and a Gold level member of Oracle PartnerNetwork (OPN), today announced successful and unmatched results of high-watermark benchmark performance of its ICS BANKS® Universal Banking Application on Oracle Exadata environment.
Incubator B-Hive teams up with Temenos MarketPlace
- 6 years 5 months ago
- Banking, Infrastructure
Temenos (SIX: TEMN), the banking software company, and the collaborative fintech platform B-Hive Europe, announced their associate partnership at Digital Finance Europe on September 26. The collaboration has been launched at the National Bank of Belgium in Brussels. B-Hive’s growth continues, as it partners up with another tremendous tech company. B-Hive has reached a wide audience within the fintech community and joining forces with Temenos... more
