Path Solutions Named Best Islamic Finance Technology Provider 2016
- 7 years 6 months ago
- Islamic Finance
Path Solutions today announced that it has won the ‘Best Islamic Finance Technology Provider 2016’ award, reiterating the company’s continuous contributions in accelerating technology-led breakthroughs in the Islamic financial services marketplace. Path Solutions was conferred the honour by Edbiz Consulting during the exclusive GIFA Awards Ceremony held in Jakarta (Indonesia) on September 29. GIFA 2016 was hosted by Otoritas Jasa Keuangan (OJK... more
Fidor Bank Partners with ADIB to Launch the MENA's Frst ‘Community Based Digital Bank’
- 7 years 6 months ago
- Banking
Abu Dhabi Islamic Bank (ADIB), a top-tier financial services institution, has partnered with Fidor Bank to launch the region’s first ‘community based digital bank’. The new platform is designed to fit the lifestyle of millennial consumers also known as Generation Y, as well as those looking for a digital offering that matches their banking needs.
Bank of Ireland Benefits from Temenos UniversalSuite
- 7 years 6 months ago
- Banking
Further to its announcement this morning, Temenos, the software specialist for banking and finance, confirms that Bank of Ireland Group has selected UniversalSuite, its front-to-back solution for retail, commercial and corporate banking, to be implemented as Bank of Ireland’s new core banking and channels platform.
HDFC Bank Taps Backbase to Enhance its Digital Banking Experiences
- 7 years 6 months ago
- Banking
HDFC Bank Ltd., one of India’s premier banks, providing innovative products and smart banking solutions to over 37 million customers across India, has selected Backbase, the omni-channel digital banking market leader, to deliver its new digital omni-channel banking platform, running both its online and mobile banking apps. Backbase will play a key role in delivering HDFC Bank’s next generation of banking architecture. Thus platforms like the... more
Major European Bank selects Temenos UniversalSuite
- 7 years 6 months ago
- Banking
Temenos (SIX: TEMN), the software specialist for banking and finance, today announces that a major European bank has selected UniversalSuite, its front-to-back solution for retail, commercial and corporate banking.
Silicon Valley Bank Expands its Presence in San Francisco
- 7 years 6 months ago
- Banking, IT Innovations
First National Bank Customers Can Now Manage Debit Cards from Mobile Banking with New Module for Mobiliti from Fiserv
- 7 years 6 months ago
- Banking
Fiserv, a leading global provider of financial services technology solutions, today announced that First National Bank of Pennsylvania, the largest subsidiary of F.N.B. Corporation (NYSE:FNB), has upgraded to the latest version of the Mobiliti Advantage™ mobile banking and payments platform and added mobile card control capabilities. The bank is the first Mobiliti client to integrate card control capabilities into their mobile app.
Equifax Can Help Financial Institutions with Military Lending Act Requirements
- 7 years 6 months ago
- Banking, Infrastructure
Equifax, a global information solutions powerhouse, announced that it is ready to assist banks with the new Military Lending Act (MLA) requirements. Beginning Oct. 3, 2016, creditors will be required to verify whether a consumer is a covered borrower before originating or closing certain credit products and retain the record for five years. The Equifax MLA solution helps lenders by providing an indicator of covered borrower status either in a... more
Axion Swiss Bank and Avaloq sign long-term contract for BPO services
- 7 years 6 months ago
- Banking
The specialised asset manager Axion Swiss Bank has signed a long-term contract with Avaloq for full Business Process Outsourcing (BPO) services. By partnering with Avaloq, the bank will benefit from the same advantages as its parent company BancaStato, which has been relying on Avaloq’s expertise and competence since 2012. The migration is expected to be completed by the beginning of January 2017.
Access to Deals and Information Drives Faster Major Purchase Decisions
- 7 years 6 months ago
- Retail Banking
Empowered with research, reviews and real-time discount information, shoppers making purchases of $500 or more are more decisive and deal-oriented than ever before, according to Synchrony Financial’s Fifth Annual Major Purchase Consumer Study.
nCino Introduces Loan Auto Decision to its Bank Operating System
nCino, the worldwide leader in cloud banking, has introduced Loan Auto Decision to its Bank Operating System, enabling financial institutions to automatically run loan requests against their existing, proven credit policies, rendering decisions and providing customers with funds more quickly and efficiently than ever before.
ING Reduces its Stake in Kotak Mahindra Bank to 3.9%
- 7 years 6 months ago
- Banking
ING today announced the sale of 46.7 million ordinary shares of Kotak Mahindra Bank (Kotak). The shares were sold at a price of INR 782.32 per share. Gross proceeds to ING from the offering amount to approximately EUR 490 million (at the current exchange rate). The sale reduces ING's stake in Kotak from currently 6.4% to 3.9%. ING's remaining stake in Kotak will be subject to a 90 day lock-up following settlement of the transaction which is... more
SWIFT Outlines New Ways for Banks to Simplify Payment Routing Data
- 7 years 6 months ago
- Banking
SWIFT today announces the publication of a new paper discussing opportunities for banks to streamline their internal routing practices. The paper highlights how some banks used the transition to SEPA as an opportune moment to simplify their internal routing practices – and how upcoming initiatives may present similar opportunities.
BIAN Launches Service Landscape SL 5.0
- 7 years 6 months ago
- Banking, Infrastructure
Today the Banking Industry Architecture Network (BIAN) is launching the latest development of its collaboratively-defined banking technology framework, designed to standardise and simplify overall banking architecture on a global scale – termed Service Landscape (SL) 5.0.
Earthport Signs MoU with SECB Swiss Euro Clearing Bank
- 7 years 6 months ago
- Banking
Earthport (AIM: EPO.L), the leading payment network for cross-border transactions, is pleased to announce that it has signed a Memorandum of Understanding (MoU) with SECB Swiss Euro Clearing Bank (SECB), in order to reach an agreement to provide foreign payment services. SECB Swiss Euro Clearing Bank is based in Frankfurt, Germany, and is a significant bank in the region. It is Earthport’s goal to establish itself as a local service provider of... more
