Canara Bank fined by FCA for anti-money laundering failings
- 6 years 8 months ago
- Banking
The Financial Conduct Authority (FCA) has fined Canara Bank £896,100 and has imposed a restriction, preventing it from accepting deposits from new customers for 147 days.
Fabrick begins to construct Open Banking ecosystem
- 6 years 8 months ago
- Banking
Within the framework of Money 20/20, Europe’s premier event dedicated to Fintech innovators and visionaries, Fabrick is born, the collaborative evolution of Open Banking, conceptualised to help design the future of the sector, leveraging on the new paradigms forged by technological innovation.
Google Assistant users can now access their Westpac hands-free
- 6 years 8 months ago
- Banking
Westpac has today extended its voice technology offering with the launch of Westpac for the Google Assistant, helping customers with hands-free access to their account balances, recent transactions, and reward points on everyday banking and savings accounts.
New FICO and Equifax RegTech Solution Can Help Lenders Meet Affordability Requirements
- 6 years 8 months ago
- Alternative Finance
As the UK’s Financial Conduct Authority pursues measures to stop consumers becoming trapped by persistent debt, two industry leaders in credit risk management have joined forces to help lenders make better lending decisions.
Open Banking Expo launches to spearhead innovation and roll-out across multiple industry sectors
- 6 years 8 months ago
- Banking
Open Banking Expo will bring together a cross section of the UK’s brightest minds to put the second payment services directive (PSD2) under the spotlight and encourage financial services – and other industry sectors – to embrace the new legislation in order to drive product innovation and enhance customer experience. The event will take place at America Square Conference Centre on Thursday 27th November 2018 and the agenda is now live at www.... more
IBM and Avaloq to build the “Swiss Banking Cloud”
- 6 years 8 months ago
- Banking, Online Banking, Cloud
IBM and Avaloq, a leading global provider of software as a service (SaaS) and business process as a service (BPaaS) solutions to banks and wealth managers, today announced an agreement to jointly build a private “Swiss Banking Cloud” and to transform Avaloq's IT service delivery model leveraging IBM’s Infrastructure as a Service (IaaS) offering. Under the long-term agreement, IBM will provide to Avaloq private cloud infrastructure services in... more
INTL FCStone Ltd’s Global Payments Division Introduces FXePrice – Web-Based Platform for Instant FX Trading
- 6 years 8 months ago
- Banking
INTL FCStone Inc. (NASDAQ: INTL) today announced that its London-based subsidiary, INTL FCStone Ltd’s Global Payments Division (“IFL” or “the Company”), has introduced FXePrice, a proprietary web-based platform allowing IFL local currency liquidity providers to streamline executable prices in 140 currencies and 175 countries. The Company has released the platform to select members of its global network of more than 300 correspondent banks, to... more
Divido launches first multinational B2B finance solution for point of sale
- 6 years 8 months ago
- Alternative Finance
Divido, the retail finance platform, is today extending its proposition to provide a B2B finance solution at the point of sale across Europe. In partnership with its panel of specialist business lenders, Divido’s platform now allows retailers to offer B2B finance to their business customers at the checkout to increase sales.
UniCredit partners with Meniga in biggest PFM deal in Europe
- 6 years 8 months ago
- Banking
UniCredit today announced that it has signed a strategic partnership with Meniga, the global leader in digital banking solutions. At the same time the Group has taken a minority stake in the company with a EUR 3.1 million investment through UniCredit EVO (Equity Venture Opportunities).
Finastra's New Platform Components Accelerate Innovation for 9,000 Banks and Give Fintechs Access to a Global Marketplace
- 6 years 8 months ago
- Banking, Infrastructure
Today, at Money 20/20 Europe, in Amsterdam, Netherlands, Finastra announced the availability of the three core components within its FusionFabric.cloud platform for open innovation. Combined, the components accelerate innovation for 9,000 banks and financial institutions and give Fintechs access to a global marketplace:
ICS Financial Systems Limited (ICSFS) to Participate at Oracle Cloud Summit for ISV Executives
- 6 years 8 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 it was invited by Oracle to participate and join the Partner Panel Discussion at Oracle Cloud Summit for ISV Executives, which was hosted in London on Wednesday April 18, 2018 at the Queen's House in Greenwich.
Citi Named First Corporate Bank to Enroll As Registered Third Party Payment Provider for Open Banking in the UK
- 6 years 8 months ago
- Banking
Citi has today announced that is has successfully enrolled as a Payment Initiation Service Provider (PISP) on the UK Open Banking Directory, becoming the first corporate bank to do so. Inclusion in the directory will allow Citi to begin piloting new payment and collection services for clients.
Token Enables Bank Direct Payments for Caxton FX Consumer and Business Customers
Empowers international FX leader to leverage open banking to offer a simple, fast and convenient way for customers to load their prepaid multi-currency cards. Turnkey open banking platform provider Token today announces that it is enabling Caxton FX to provide a bank direct payments facility to its consumer and business prepaid multi-currency card customers.
RS2 report says Open Banking requires 'Open Payments' platforms to meet needs of connected customers
- 6 years 8 months ago
- Banking
A report published today by payments processor RS2warns that the payment industry must consolidate omnichannel payments, card payments, and direct-from-bank Open Banking payments into new ‘Open Payments’ platforms to meet the demands of connected customers and the retailers serving them.
SberTech will rate projects at Startup Village
Sberbank Technology has become a partner of Startup Village – Russia’s largest start-up conference for tech entrepreneurs.
