Banking

Citibank to repay $5 million for inability to disclose A$ international transaction fees

9 years 7 months ago
Credit Cards, Banking

Citigroup Pty Limited has to pay approximately $5 million to around 230,000 customers, for failing to properly disclose that credit card international transaction fees apply to Australian dollar transactions where the merchant uses an entity based overseas to process its transactions.

Basel Committee:To- big-to-fail banks rapped for lax risk practices

9 years 7 months ago
Banking

Today the Basel Committee on Banking Supervision unveiled its latest progress report on banks' implementation of the Principles for effective risk data aggregation and reporting.

Valley National Bank Taps nCino to Streamline Commercial Lending

9 years 7 months ago
Banking

nCino, the worldwide leader in cloud banking, today announced that $23 billion-asset Valley National Bank has selected its Bank Operating System to boost efficiency and enhance communication across the commercial loan process.

Rothschild Bank AG Taps Finantix Digital Engines

9 years 7 months ago
Banking, Infrastructure

Finantix, an established provider of sales and advisory software for financial services, announced today that Rothschild Bank AG has chosen Finantix to support its growing advisory business. The Finantix digital suite of components and engines will empower Rothschild Bank AG’s client advisers in their daily activities, support regulatory compliance of the advisory process and enhance digital client collaboration.

Avaloq Completes Migration of Axion Swiss Bank

9 years 7 months ago
Banking

The Avaloq group, an international fintech company and leader in integrated and comprehensive banking solutions, has successfully completed the migration of Axion Swiss Bank to its business process outsourcing setup (BPO setup) based on the Avaloq Banking Suite. In September 2016, the specialised asset manager signed a long-term contract with Avaloq for full BPO services.

Capgemini Chosen Star Performer of the Year for Overall IT and BFSI Services

9 years 7 months ago
Banking, IT Innovations

Capgemini, a global leader in consulting, technology and outsourcing services, announced today that it was named Star Performer of the Year both for Overall IT Services as well as Banking, Financial Services and Insurance (BFSI) Services in Eve

PyraMax Ban Taps Fiserv as Technology Partner

9 years 7 months ago
Banking, Retail Banking

Fiserv, Inc., a leading global provider of financial services technology solutions, announced today that PyraMax Bank, a mutual savings bank based in Greenfield, Wisconsin, has selected Fiserv as a technology partner to help the bank modernize its retail banking operations, create a frictionless customer experience and drive the growth of commercial loans and deposits.

First Islamic core banking deal for Path Solutions in the Americas

9 years 7 months ago
Banking

Suriname-based Trustbank is taking a big leap after signing a new licensing deal with Islamic software vendor Path Solutions to implement iMAL Islamic Banking & Investment System as its new core banking platform. This is a major breakthrough for the Kuwaiti vendor, as it’s the company’s first Islamic core banking software deal in the Americas. Path Solutions was selected after a comprehensive assessment of leading global solution providers... more

eProseed migrates Al Rajhi Bank's DB systems to Oracle Exadata

9 years 7 months ago
Banking

Al Rajhi Bank, an advanced financial institution in the Middle East, called upon eProseed's expertise to provide assistance in the migration of its mission critical business databases to Oracle Exadata, a platform specially engineered to run Oracle Database. One year after the initiation of the project, the Bank is now reaping the benefits of improved staff productivity and resource utilization.

Huawei integrated Infosys Finacle into KunLun server environment

9 years 7 months ago
Banking, Infrastructure

Today Huawei showed the availability of the Infosys Finacle core banking solution on Huawei KunLun.

Misys to host BIAN Open Day in London

9 years 7 months ago
Banking

Misys is pleased to be hosting the Banking Industry Architecture Network (BIAN) Open Day on 28th March 2017 in London. The free event, open for everybody in the industry, will focus on strategic change in Europe, bringing together challenger and established banks to explore this critical topic, amidst the impending arrival of PSD2.

İşbank Introduces Digital Mortgage Experience for Their Clients

9 years 7 months ago
Banking, Online Banking

Having developed many products and services that served as milestones for the Turkish banking sector throughout its long history, İşbank continues its innovations in line with digital vision defined as being a lifetime partner to customers, designing an end to end digital banking experience and creating additional value for each and every single customer’s lives.

Banks and fintechs have to collaborate to survive, according to Temenos report

9 years 7 months ago
Banking, IT Innovations

With the EU’s Second Payment Services Directive (PSD2) and open architecture framework set to come into force next year, regulation may well tip the scales between banks and fintechs for customer loyalty. Concessions must be made on both sides along the way, but in the end the collaborators will be the ones to survive – that’s according to an in-depth study released today by Temenos, the software specialist for banking and finance.

UN taps BBVA API card data to facilitate climate change project

9 years 7 months ago
Banking, Infrastructure

Spanish banking group BBVA is contributing information on card transactions to a United Nations project trying to tap big data to combat climate change. The UN Global Pulse Data for Climate Action open-innovation project is inviting data experts and researchers from around the world to pitch their ideas on how they can use information from private sector partners in the fight against climate change.