UK's Open Banking to Launch on 13 January 2018
- 7 years 1 month ago
- Banking
The UK’s largest account providers are making it possible for customers to make the most of their financial data and easily and securely access services from a wide range of companies that better meet their needs. This is the first major milestone in a multi-year programme to open all payment products to a vibrant, innovative new market for financial services Open Banking for current accounts begins on 13 January with a managed roll-out which... more
The CEO of Pilatus Bank believes that the Premier Banking model adopted by many high-street banks in the Europe is failing
- 7 years 1 month ago
- Banking
The mass-affluent segment in Europe is expanding. Far from being a homogenous group, the demographic profile of the mass-affluent includes baby boomers as well as millennials. Similarly, their liquid investable assets range from $100,000 to $1,000,000. Hamidreza Ghanbari, CEO of Pilatus Bank, believes that to assume that this group would have the same financial behaviours and goals would be a mistake.
Pilatus Bank COO Addresses the Challenges Banks Face in Their Quest for Digital Transformation
- 7 years 1 month ago
- Banking
The reality is that fintech startups and challenger banks are threatening to make a major dent in the banking industry as a result of the emergence of digital technology. As an endless stream of new advanced digital products are being launched, consumers are constantly exposed to the latest technologies with their mobile phones, cars, and home appliances. It's only natural that they demand for their bank to reinvent and stay relevant. Banks, on... more
ACI Unveils Cloud-Based Omni-Channel Solution for Merchants
ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that its UP Merchant Payments solution is available in the cloud. Based on a multi-tenant architecture, it offers the scalability required to meet the channel growth needs of merchants now and into the future.
Arab African International Bank Wins Two Awards from World Finance
- 7 years 1 month ago
- Banking
For its exceptional work, Arab African International Bank (AAIB) has been awarded the accolades of Best Banking Group and Most Sustainable Bank in Egypt, 2017, by World Finance magazine. When AAIB was established in 1964, it became Egypt's first Arab multinational bank. Today, it's the country's fastest growing bank in terms of both size and profitability.
Transferwise Launches Consumer “borderless” Account and Debit Card
- 7 years 1 month ago
- Foreign Exchange, Banking
Transferwise is moving another step closer to banking territory with the expansion of its “borderless” account and debit card for consumers. The accounts can hold cash in more than 20 different currencies and will initially role out to 1,000 users following its launch last year for businesses. The company is also launching its own debit card, with both new features expected to be widely available in the coming months. “Our mission is to make... more
Leading UK and European Banks to Meet in London in March to Share Open Banking and PSD2 Progress
- 7 years 1 month ago
- Banking
At the end of March 2018, leading UK and European banks will meet in London to assess the impact of the Open Banking Standard and PSD2, sharing insight into the distribution strategies and operating models being developed to meet the demands of regulation and customer expectations.
Yes Bank to offer ATM withdrawals using Aadhaar ID and biometric authentication
- 7 years 1 month ago
- Banking
Nearby Technologies has partnered with YES BANK, India’s 5th largest private sector bank and worked closely with National Payments Corporation of India (NPCI) to launch a card less and PIN-less Aadhaar ATM service.
CIBC Innovation Banking unit launched to help grow startups
- 7 years 1 month ago
- Banking
Today, CIBC introduced CIBC Innovation Banking, a full-service business that delivers strategic advice and funding to North American technology and innovation clients at each stage of their business cycle, from start up to IPO and beyond.
Alrajih Islamic Bank for Investment and Financing opts for iMAL from Path Solutions
- 7 years 1 month ago
- Islamic Finance
Path Solutions, the global provider of software solutions and services for Islamic banks and financial institutions, announces thatAlrajih 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.
Chairman of Pilatus Bank gives a sobering speech concerning customer trust in the banking and fintech industries at Wealth 2.0 conference
- 7 years 2 months ago
- Banking
In banking and fintech, the most important commodity is "trust." Ali Sadr, Chairman of Pilatus Bank, believes that it is important to recognize where the banking industry stands relative to other industries on the trust scale.
Bahrain Middle East Bank Chooses Wolters Kluwer’s OneSumX for Finance
- 7 years 2 months ago
- Banking
Bahrain Middle East Bank (BMB) has chosen Wolters Kluwer’s OneSumX for Finance solution to provide the basis for its core banking and reporting system.
Avaya Successfully Completes Financial Restructuring and Emerges from Chapter 11
- 7 years 2 months ago
- Banking
China Merchants Bank (CMB) has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting to provide its regulatory reporting software for its operations in Luxembourg, following a competitive tender process.
Standard Chartered Bank and Ant Financial Sign MOU
Standard Chartered Bank (“SCB”), a leading international banking group with a strong presence in Asia, Africa and Middle East, and Ant Financial Services Group (“Ant Financial”), one of the world's leading digital financial services providers, today announced the signing of a Memorandum of Understanding (MOU). Under the terms of the MOU, Standard Chartered Bank willcombine its banking expertise and insights in emerging markets with Ant... more
Innovative European financing for Dutch software company CM.com
The European Investment Bank (EIB) has made available a EUR 10 million facility for software company CM.com, in the Netherlands, to speed up innovation and development of its messaging, payments, voice and digital security applications. The financing will be guaranteed under the European Fund for Strategic Investments (EFSI), part of the Investment Plan for Europe of the European Commission.
