SBDA Group and FinSight Ventures Announce the Closing of Series A Investment Round to Advance SBDA’s AI Customer Engagement Solution for Retail Banks
- 6 years 4 months ago
- Artificial Intelligence, Banking, FinTech StartUps
SBDA Group signs agreement with lead investor FinSight Ventures and Digital Space Ventures to close the Series A venture investment round. The funding will be used to advance the existing SBDA recommendation-based technology for any bank in addressing their needs.
iwoca wins Nesta Challenge Prize for shaping the future of small business lending
- 6 years 4 months ago
- Banking
iwoca, Europe’s most innovative small business lender, has been announced a winner of the Open Up Challenge by innovation foundation, Nesta’s Challenge Prize Centre. iwoca is among ten companies that will each receive an award of £100,000 to develop innovative finance solutions based on Open Banking. iwoca was chosen as an Open Up Challenge winner, from an initial 150 applicants, by an independent panel of judges for developing products... more
PR Savings Bank in APAC signs with Temenos
Temenos, the software specialist for banking and finance, today announces that the Philippine Resources Savings Banking Corporation (PR Savings Bank), the fifth largest independent thrift bank in the Philippines, has signed for Temenos T24 Core Banking and Analytics. PR Savings Bank is expanding its business lines from loans into deposits. The bank chose Temenos as the platform to support its growth and enable it to quickly bring new and... more
Alrajih Islamic Bank for Investment and Financing opts for iMAL from Path Solutions
- 6 years 4 months ago
- Banking, Islamic Finance
Path Solutions, the global provider of software solutions and services for Islamic banks and financial institutions, announces that Alrajih Islamic Bank for Investment and Financing (“Alrajih Islamic Bank”) has selected the multi-award winning Islamic core banking system iMAL ahead of ICS Financial Systems’ ICS BANKS ISLAMIC, to engage in banking activities in accordance with the provisions of Islamic law.
Alpha Bank Unveils Mobile Tap and Pay
Alpha Bank’s digital wallet for everyday purchases, my Alpha wallet, is now enhanced with Tap ‘n Pay, the new and innovative service for contactless payments through mobile phone.
Arro Launches Unique Business Accounts Tailored to SME Entrepreneurs
- 6 years 4 months ago
- Banking
Arro Money, a fast-growing provider of personal and business accounts, has launched its game-changing alternative to traditional business banking – a new B2B platform designed to provide easy access to a guaranteed acceptance account for instant payments. Aimed at entrepreneurs, start-ups and contractors, these accounts will ensure businesses can start processing transactions immediately, as well as on-boarding payroll – a unique feature in the... more
Shinhan Bank Secures and Simplifies Mobile Banking Service with Trustonic
- 6 years 4 months ago
- Banking
Shinhan Bank has worked with Trustonic and ATsolutions to integrate and secure its one-time password (OTP) service into the domestic S-Bank mobile banking application and a global S-Bank solution for Vietnam, with more deployments to follow. This new solution delivers a simpler, faster and safer user experience.
Business bank account Penta Launches in Germany
- 6 years 4 months ago
- Banking
Berlin based challenger bank Penta, is announcing the official launch of their business bank account offering in Germany. CEO and co-founder Lav Odorovic says the company started out of the founding team’s frustration with business banking, the high fees, as well as the bureaucracy and lack of transparency that today’s legacy banks offer.
Mohammed Kateeb Among World’s Top 50 Most Influential Leaders in Islamic Economy for third year
- 6 years 4 months ago
- Islamic Finance
Mohammed Kateeb, the Group Chairman & CEO of Path Solutions, has been named among the World’s Top 50 Most Influential Leaders in Islamic Economy in ISLAMICA 500 for the third year in a row. ISLAMICA 500, Edition 2018 was released on December 6th in an exclusive private reception organized in cooperation with EDB (Economic Development Board of Bahrain) at the Capital Club Bahrain.
NYMBUS COMPLETES SOC 2 TYPE 1 CERTIFICATION
- 6 years 4 months ago
- Banking
NYMBUS®, the core banking modernization company, announced today that it has successfully completed the Service Organization Control (SOC) 2 Type 1 examination for its flagship SmartCoreâ and SmartDigitalÔ platforms. Conducted by data security compliance leader 360 Advanced, Inc., this rigorous audit and certification attests to NYMBUS’ high security protocol and effective compliance with today’s stringent regulatory environment.
More Than Half of Consumers Moving Away From Traditional Banking
- 6 years 4 months ago
- Banking
Digital banking is growing in popularity with 53% of consumers using or willing to move to an online or mobile only bank — 27% have moved already, while 26% are considering the switch. This is according to research commissioned by Relay42, the leading data management platform (DMP) company that empowers marketers to orchestrate customer journeys.
Japan's Aeon Bank Selects Mofiria for Biometric ATMs and Teller Windows
- 6 years 4 months ago
- Banking
Aeon Bank Ltd., a Japanese new style bank, has announced that they had introduced a whole new biometrics authentication system to their ATMs and teller windows, which allows the customers to do any bank transactions without using a bank card nor entering PIN number. Enabling any transactions with identity verification using biometrics only is the first trial in Japan.
NYMBUS COMPLETES SOC 2 TYPE 1 CERTIFICATION
- 6 years 4 months ago
- Banking
NYMBUS®, the core banking modernization company, announced today that it has successfully completed the Service Organization Control (SOC) 2 Type 1 examination for its flagship SmartCoreâ and SmartDigitalÔ platforms. Conducted by data security compliance leader 360 Advanced, Inc., this rigorous audit and certification attests to NYMBUS’ high security protocol and effective compliance with today’s stringent regulatory environment.
Al Baraka Banking Group overhauls Islamic core banking systems with iMAL
- 6 years 4 months ago
- Banking
Al Baraka Banking Group (ABG), a leading international Islamic banking group and one of the largest Islamic banking players in the world, today announced that it has opted for Path Solutions’ iMAL, the multi-award winning Islamic core banking system. ABG runs a number of Islamic core banking systems. iMAL was selected to be the new Islamic core banking system in four of its subsidiaries, in addition to its newly established subsidiary in Morocco.
Commerzbank and HSBC Transaction Services GmbH agree strategic partnership for securities settlement
- 6 years 4 months ago
- Banking
- Commerzbank's securities settlement operations will be transferred - Cost savings and simpler processes tie in with "Commerzbank 4.0" strategy - Due to go live by early 2020, once migration is complete
