Banking

Finastra joins Bahrain FinTech Bay to accelerate bank and Fintech collaboration in the Middle East

Finastra has joined Bahrain FinTech Bay. With one of the most diverse and dynamic networks across the Middle East and Africa, the Fintech hub brings together key financial services players, from financial institutions, banks and investors to Fintechs, developers, industry bodies and academics, to drive innovation and create new opportunities for growth. Read more »

Bank of the Pacific goes for Sageworks

Sageworks, a financial information company that offers lending, credit risk and portfolio risk solutions to banks and credit unions, today announced that Bank of the Pacific has chosen to partner with Sageworks to propel commercial loan activity and mitigate portfolio risk. Read more »

CGS-CIMB Securities launches robo-advisory platform eWealth to bring personalised investment advisory services to retail clients anytime anywhere

CGS-CIMB Securities International Pte. Ltd. (“CGS-CIMB Securities”) through its wholly-owned subsidiary, CGS-CIMB Securities (Singapore) Pte. Ltd., launches its latest offering, CGS-CIMB eWealth. The robo-advisory platform taps on the Company’s strong research capabilities to provide goal-based and thematic portfolios to help investors meet their need for investment diversification through pairing portfolios with investors’ risk profiles and... more Read more »

Sberbank mobile app opens up to retail investment market

Sberbank CIB, the corporate and investment banking business of Sberbank, has presented a new service for the private investment of the bank’s mobile app, Sberbank Online.  Read more »

KeyBank to apply AI tech from Mastercard to make more informed authorisation decisions

Mastercard and KeyBank today announced that the bank will now use Mastercard Decision Intelligence™, a security solution that uses artificial intelligence (AI) to make more informed authorization decisions.  This will enable KeyBank to increase the accuracy of real-time approvals of genuine transactions and enhance the overall cardholder experience. This is the first use of AI being implemented in KeyBank’s fraud detection services. Read more »

Centrum Financial Services deploys a scalable platform with Encore Theme’s ThemeChain

Encore Theme Technologies, the fastest growing business software solution player in the Supply Chain Finance, Home Finance, Retail & Corporate Lending for Banks and NBFCs has today announced the deployment of its flagship product ThemeChain™ at India’s premier financial services institution, Centrum Financial Services.   Read more »

BTPN Bank, Indonesia, Completed Digital Transformation of Its Front-Office Services Based on Diasoft’s FLEXTERA

Diasoft, a provider of software solutions for the global financial services industry, and BTPN Bank, one of the largest retail financial institutions in Indonesia, have completed rollout of the Bank’s new digital front-office platform based on the cutting-edge Diasoft FLEXTERA Suite. The solution ensured countrywide support of the Bank’s front-end customer services, delivered to its retail, SME and microfinance customers via almost 500 bank... more Read more »

Unity Bank streamlines lending processes with Finastra

Unity Bank, whose holding company is based in Augusta Wisconsin, and which has branches in Minnesota, has selected Finastra’s Total Lending solution to streamline its commercial lending and consumer lending processes, including its agricultural lending business. Read more »

BTPN Bank, Indonesia Selects Diasoft’s FLEXTERA

Diasoft, a provider of software solutions for the global financial services industry, and BTPN Bank, one of the largest retail financial institutions in Indonesia, have completed rollout of the Bank’s new digital front-office platform based on the cutting-edge Diasoft FLEXTERA Suite. The solution ensured countrywide support of the Bank’s front-end customer services, delivered to its retail, SME and microfinance customers via almost 500 bank... more Read more »

Nordea received permission for use of internal models from the ECB

As part of the planned re-domiciliation to Finland, Nordea Bank Abp (“Nordea”) reached another milestone in the transition from the Swedish FSA (“SFSA”) regulatory framework to the banking union regulatory framework by being granted temporary use of internal models for calculation of risk exposure amounts (“REA”) from the European Central Bank (“ECB”). The decision, as expected, implies a migration of Pillar 2 capital add-ons into Pillar 1 REA... more Read more »

Pangea and Digital Knights join the Temenos MarketPlace

Temenos (SIX: TEMN), the banking software company, today announces that Pangea, a firm specialized in finding and managing the best sales resources, and Digital Knights, which manages product development resources and projects, have both joined the Temenos MarketPlace as resource providers. The firms become the first resource partners on MarketPlace, expanding and enriching the burgeoning fintech ecosystem. Read more »

Saxo Bank announces H1 2018 results

Saxo Bank Group (“The Group”) reported a positive net profit of DKK 150 million for the first six months of 2018. In a period with low market volatility and the introduction of a new competitive pricing structure, operating income for the Group reached DKK 1.51 billion, a decrease of 0.3 per cent compared to the first half of 2017. Client collateral deposits continued to rise to DKK 110.4 billion representing an increase of 7 per cent compared... more Read more »

Industrial Bank Co., Ltd creates new Hong Kong Private Banking Business with Avaloq Banking Suite

Fuzhou-headquartered Industrial Bank Co., Ltd, one of China’s largest banking groups with total assets of CNY 6.09 trillion1, has selected Avaloq to provide a comprehensive front-to-back banking solution for its Hong Kong Branch private banking business. In conjunction with Avaloq’s premium implementation partner Orbium, the Avaloq Banking Suite was implemented in just six months. Read more »

Fast Blockchains as a Core of New Banking Technologies

It is no secret to anyone that the main banking systems around the world are eyeballing blockchain technologies as a potential panacea for the many issues that have been plaguing the industry. There are dozens of applications for blockchain and banking has always seemed to be one of the most promising directions for the technology’s application. Read more »

Compass Plus survey reveals consumers still don’t trust contactless payments

A survey conducted by Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has revealed that despite 84% of consumers regularly making contactless payments, they are still not considered to be secure. Read more »

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