FICO Survey: Millennials 2 To 3 Times More Likely To Switch Banks
- 7 years 8 months ago
- Banking
FICO’s latest consumer research on why people switch banks found that Millennials (25-34 years-old), a group at the peak of financial services usage, are 2 to 3 times more likely to close all accounts with their primary financial institution than people in other age groups. The same demographic said they are twice as likely to close all accounts and switch banks this year than they were last year. This could drive a high amount of customer churn... more
QASymphony Chooses Bridge Bank for its Technology Industry Expertise
- 7 years 8 months ago
- Alternative Finance
Bridge Bank announced today that it has provided a $3 million venture term loan facility to Atlanta-based QASymphony, a leader in agile testing software. QASymphony will use the credit facility to help finance its ongoing growth strategy, including expansion into the European market.
QCash Financial Introduces Short-Term Lending Technology to Canadian Financial Institutions
- 7 years 8 months ago
- Alternative Finance
QCash Financial, provider of an automated, cloud-based, omni-channel lending platform for financial institutions, announces that it now offers its small-dollar, short-term lending technology to Canadian financial institutions. Due to the demand for small-dollar lending in Canada, QCash Financial is expanding to offer its services to Canadian financial institutions. By serving the Canadian market, QCash Financial will offer Canadian financial... more
CMA Implements New Reforms to Support Open Banking
- 7 years 8 months ago
- Banking
The final report of the Competition and Markets Authority’s (CMA) retail banking market investigation, published today, concludes that older and larger banks do not have to compete hard enough for customers’ business, and smaller and newer banks find it difficult to grow. This means that many people are paying more than they should and are not benefiting from new services.
Path Solutions Distinguished as Best Islamic Core Banking System Provider
- 7 years 8 months ago
- Islamic Finance
Path Solutions, the premier provider of Islamic banking software solutions and services, is pleased to announce that it has been awarded Corporate Vision’s 2016 Technology Innovator Award for ‘Best Islamic Core Banking System Provider’.
Wells Fargo Increases Presence in Maine with New Office in Portland
- 7 years 8 months ago
- Banking
Wells Fargo & Company, the nation’s No. 1 lender to middle market companies, announced today that Portland will be home to its newest Middle Market Banking office, staffed with local, senior relationship managers who will serve Maine companies statewide. The Portland team will offer a full suite of commercial banking products and services, including commercial and real estate loans, treasury management, global banking, foreign exchange, and... more
Banks Cutting Business Lending Following Brexit Damaging SMEs
- 7 years 8 months ago
- Banking
Virgin Money’s announcement that it has shelved plans to move into business banking due to economic uncertainty following Brexit sent shockwaves through the banking and SME sector on Wednesday. This, coupled with a letter issued by Royal Bank of Scotland and NatWest to their 1.3 million business customers warning if the Bank of England reduces the already low (0.5%) base interest rate, businesses would be charged to deposit money at the bank,... more
Banking Industry Fights Back Against Cyber-Fraud
Cyber-attacks are a daily occurrence, with bank websites being one of the prime targets. An industry-led consortium of major banking associations is helping banks fight back with a new secure extension reserved exclusively for banks, appropriately called .BANK
Path Solutions Named ‘Islamic Finance Technology Provider of the Year’ at the 2016 IFFSA Awards
- 7 years 8 months ago
- Islamic Finance
Path Solutions, the global Islamic banking software and services company is pleased to announce it has won the gold award for ‘Islamic Finance Technology Provider of the Year’ at the 2016 IFFSA Awards. Following the conclusion of the inaugural IFFSA (Islamic Finance Forum for South Asia) which was held on 26th & 27thof July 2016 in Sri Lanka, the winners of the IFFSA Awards were announced during an award gala dinner in the evening of 27th ... more
SoftBank Releases Second Round of 'SoftBank Innovation Program'
- 7 years 8 months ago
- Banking, IT Innovations
SoftBank Corp. (“SoftBank”), a subsidiary of SoftBank Group Corp. (TOKYO:9984), today announced that it launched a second round for its ‘SoftBank Innovation Program’, a program that seeks a wide range of innovative solutions and technologies from around the world to consider for commercialization.
Frontier Bank Selects Banc Intranets' DirectorsLink
- 7 years 8 months ago
- Banking, Infrastructure
Banc Intranets, a provider of secure, web-based enterprise content management solutions for financial institutions, announced that Frontier Bank of Texas has selected DirectorsLink® web-based board portal to increase savings and strengthen director oversight.
Baker Hill Introduces Launch AppGen™ to Accelerate Loan Applications on Personal Devices
- 7 years 8 months ago
- Alternative Finance
Baker Hill, a leading provider of technology solutions for common loan origination, relationship management and smart data analytics, announced the upcoming launch of AppGen™, which allows consumers and small businesses to apply for credit cards and loans from any locat
Path Solutions' Chairman & CEO Receives Honorary Leadership Award in Islamic Finance
- 7 years 8 months ago
- Islamic Finance
Path Solutions, the leader in Sharia-compliant technology-enabled solutions and services for the Islamic finance industry, today announced that Mohammed Kateeb, the company’ Group Chairman & CEO was recognized by IFFSA with the 2016 Honorary Leadership Award in Islamic Finance.
Q2 Partners with MX Release Q2 Contextual Personal Financial Management
- 7 years 8 months ago
- Banking, Infrastructure
Q2 Holdings in partnership with MX, a pioneer in data-driven money management, today announced the release of its newest digital banking product, Q2 Contextual Personal Financial Management (PFM), an embedded banking experience
Token Opens Office in London to Answer Demand from European Banks
- 7 years 8 months ago
- Banking, Infrastructure
Token, Inc., a new crypto-payment network and API ecosystem that enables European banks to monetise their investment in PSD2, today announces the opening of a new office in London. Following Token’s launch in June, the new office has been quickly established in response to market demand from banks seeking to trial Token’s revolutionary digital payment rail.
