Bank of England, Vizor, Landqart and Openlink win Central Banking Awards
- 7 years 1 month ago
- Banking
Central Banking reveals its second group of winners from its 5th annual industry awards, recognising excellence in the central banking community. · Initiative of the Year: Bank of England’s Fintech Accelerator
Finastra sees accelerating FusionFabric.cloud adoption
- 7 years 1 month ago
- Banking, Cloud, Infrastructure
At its regional flagship thought leadership event, Finastra Universe Paris, Finastra today welcomed new companies to the FusionFabric.cloud open architecture. Among the early adopter Fintechs, consultants, banks and academics using the platform to develop and deploy innovative apps are Efficiency MC, Conpend and BankBI. In addition, Thomson Reuters joins Finastra’s innovation ecosystem as a data provider.
Jyske Bank Selects Barracuda For FX Order Management
- 7 years 1 month ago
- Banking
Barracuda FX, the specialist provider of FX Order Management technology, today announced the signing of a new contract with Jyske Bank, the major Danish FX trading institution.
BofA Merrill Lynch Boosts Virtual Card Capabilities
Bank of America Merrill Lynch (BofA Merrill) has launched an enhanced virtual card capability that uses application programming interface (API) to enable commercial purchasing clients to connect directly to the bank’s virtual card system. This streamlined and dynamic virtual card solution, known as BofA Merrill Virtual Payables, also leverages new capabilities to create single-use account numbers in real time.
Taskize and DTCC Collaborate on Trade Exception Solution
- 7 years 1 month ago
- Banking
Taskize, the inter-bank problem-solving network for financial services operations, today announced that The Depository Trust & Clearing Corporation’s DTCC Exception Manager solution is leveraging its technology as part of its new solution to enable market participants to publish, manage and communicate exceptions throughout the trade lifecycle.
Al Hilal Bank partners with SunTec to manage VAT for its customers
- 7 years 1 month ago
- Banking
SunTec, which enables global financial services organisations to increase the lifetime value of their customer relationships through effective revenue management and customer experience orchestration, today, announced its partnership with Al Hilal Bank, one of the most progressive Islamic banks headquartered in Abu Dhabi. Through this partnership, SunTec will facilitate in analysing transactions flowing through the bank’s systems, computing... more
Contego chosen by Open Banking to help kickstart retail banking revolution
- 7 years 1 month ago
- RegTech, Security and Compliance, Banking
Contego, the RegTech and compliance specialist, has been chosen by The Open Banking Implementation Entity (the ‘OBIE’), the body created by the UK’s largest personal and small business current account providers to create a better way to move, manage and make more of your money, to verify its users and to support the much-anticipated technological revolution that promises to give people greater control over their finances.
Bricks and Clicks Unite: Metro Bank Takes The Revolution Nationwide With Launch Of Current Accounts Online
- 7 years 1 month ago
- Banking
Metro Bank, the revolution in British banking, has launched instant online account opening for its current account. For the first time, customers from across the UK can join the bank as current account holders from the comfort of their own home, office, coffee shops, sheds, hot tubs…
The research was carried out among 248 senior banking execs, from across the globe, as part of Temenos’ 10th annual banking survey, co-authored with Accenture.
- 7 years 1 month ago
- Banking
Eight in 10 bankers see Open Banking as more of an opportunity than a threat and 62 percent would be prepared to distribute third-party products through their platforms and channels, according to Temenos’ 10th annual banking survey. The findings underscore banks’ willingness to change their business models to improve profitability, which emerged as the top concern in the survey. The report, ‘Searching for profitability in a fast-changing world... more
Finastra establishes Future of Banking Center of Excellence in Hong Kong
- 7 years 1 month ago
- Banking
Finastra, a Vista Equity Partners portfolio company, today announced the establishment of its Future of Banking Center of Excellence at Cyberport in Hong Kong. This strategic move is part of the worldwide program at Finastra to continue to build its innovation ecosystem and collaborate with strategic partners around the globe. Robert F. Smith, Founder, Chairman and CEO of Vista Equity Partners, joined the team in Hong Kong for the announcement.
World Finance Digital Banking Awards 2017
- 7 years 1 month ago
- Banking
As the last year has shown, banks have had little choice but to fully embrace the digital revolution. Today, consumers demand the utmost convenience - and they expect no less from their financial service provider. Financial institutions are, therefore, faced with the cloud's double-edged sword, and the accompanying security risks that come with it.
Milestone for FinReach – Postbank, Yet Another Major Bank Uses the Account Switch Service
- 7 years 1 month ago
- Banking
In partnership with the Berlin-based software provider FinReach, Postbank today launches a quick and secure tool for its clients to switch their bank account in less than ten minutes. The Berlin IT-provider has already assisted the switch of thousands of accounts through its fully-digital service.
Danske Bank and TechStart NI Reveal Open Banking Challenge
- 7 years 1 month ago
- Banking
Entrepreneurs in Northern Ireland are being offered the opportunity to pitch for £60,000 of funding as part of a new competition launched today by Techstart NI and Danske Bank. The aim of the Open Banking Challenge is to find great ideas that use the opportunities created by the new era of banking technology to create exciting new apps, products or services that will benefit consumers or businesses.
Bank of Lithuania Unveils Blockchain Sandbox
- 7 years 1 month ago
- Banking
Domestic and foreign companies will soon be able to develop and test Fintech blockchain solutions in the regulatory and technological sandbox platform-service LBChain, which is to be created by the Bank of Lithuania.
United Bank for Africa Launches Facebook Messenger Chatbot
- 7 years 1 month ago
- Banking
Pan-African financial institution, United Bank for Africa (UBA), has today, changed the face of e-banking with the introduction of Leo, the UBA Chat Banker who enables customers make use of their social media accounts to carry out key banking transactions. At the official launch of Leo, UBA’s Chat Banker, which took place in Lagos on Thursday, customers of the bank were given a step by step demonstration on the novel way of delivering lifestyle... more
