SWIFT Announces That The KYC Registry Is Open
- 9 years 6 months ago
- Banking
SWIFT announces that The KYC Registry is now available to fund distributors and custodians. In response to an identified need within its Community, SWIFT is extending the reach of The KYC Registry beyond correspondent banking to support Know Your Customer (KYC) compliance requirements for funds distribution and custody services.
ING Netherlands unveils mobile banking app for SmartWatch
- 9 years 6 months ago
- Mobile Banking
ING Netherlands introduces a Mobile Banking app for the smartwatch (only in Dutch) today. It’s ING’s third innovation of the Mobile Banking app in less than a year: in September 2014 hands-free banking with voice recognition was launched and fingerprint authentication was introduced in March this year. ‘Wearables’ like the smartwatch are the latest trend and make it possible to check your account balance even faster by just looking on your... more
RMB Announced #1 In Asia Pacific For Payments With Greater China
- 9 years 6 months ago
- Banking
SWIFT’s RMB Tracker shows that the value in weight of the RMB used for payments exchanged with China and Hong Kong within Asia Pacific increased by 327% between April 2012 and April 2015. During this three year period, the Chinese currency moved from position number five to the top currency used in Asia Pacific to do business with Greater China.
Thomson Reuters Named Best Multibank and Independent Platform in Euromoney FX Poll for 13th Year
- 9 years 6 months ago
- Banking
Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, today announced that its dealer-to-customer trading venue, FXall, has again been named “Best multibank and independent platform” in this year’s Euromoney Foreign Exchange Survey for the 13th consecutive year. Euromoney’s annual quantitative and qualitative study of the FX markets is the result of a poll of more than 14,000 FX market... more
CBA Will Test Ripple For Intra-bank Transfers
- 9 years 6 months ago
- Retail Banking
Commonwealth Bank of Australia is to begin testing technology from Ripple Labs to transfer funds between its subsidiaries.
Mobile Banking Leads Financial Liberation in Eastern Europe
- 9 years 6 months ago
- Mobile Banking
The increasingly mobile-centric lifestyle of many Europeans can largely be attributed to the increase and success of mobile channel initiatives focused on providing cheaper, more convenient services. Although still playing catch up to Western Europe, mobile subscribers in the Central and Eastern European (CEE) region are increasingly reliant on their mobile devices and smartphone adoption is increasing.
eBay and Village Capital Provide Three-month Fintech Accelerator For Startups
- 9 years 6 months ago
- Retail Banking
The eBay Foundation and Village Capital are running a three-month fintech accelerator for startups developing alternative technologies for serving low-income households and individuals.
Al Rajhi Bank Chooses Diebold's Technology To Drive Branch Automation Strategy
- 9 years 6 months ago
- Islamic Finance
Al Rajhi Bank, one of the largest Islamic banks in the world, has selected Diebold's technology to migrate transactions from the traditional teller line to the self-service channel and transform the in-branch banking experience for its customers. In Saudi Arabia, the vast majority of transactions are performed with cash. Approximately 70 percent of all banking transactions are performed inside the bank branch, which leads to long teller queues.
National Bank goes live with iMAL Islamic Core Banking System
- 9 years 6 months ago
- Islamic Finance
Path Solutions, the global Islamic banking software group announced that Kenya-based National Bank successfully went live on April 27th 2015 with iMAL Islamic core banking system for its Islamic window named National Amanah.
ICICI Bank introduces voice recognition for biometric authentication
- 9 years 6 months ago
- Mobile Banking
ICICI Bank, India’s largest private sector bank, announced the launch of voice recognition service which authenticates customers based on their speech patterns and allows them to execute banking transactions through the Bank’s call centre in a quick, secure and convenient manner.
A Minority of the UK now rely on Banks for their International Money Transfers
- 9 years 6 months ago
- Banking
Only 40 per cent of UK consumers would still rather use their bank for international money transfer services than any other available platform, according to research from FXcompared Intelligence, the research division of FXcompared. This lack of a preference for bank-based transfers is seen across a range of currency transaction values.
Misys Launches ‘Outside-In’ Banking Approach for Islamic Banks
- 9 years 6 months ago
- Islamic Finance
Misys, the leading financial software company, today launches Misys FusionBanking Essence Islamic – a major new component in its ground-breaking banking platform, Misys FusionBanking Essence. With an annual growth of 17 per cent, Islamic banking is a key area where banks can stay ahead of their competition and gain market share. Technology is stagnating banks’ profitability, with Islamic banks averaging just 12.6 per cent Return on Equity, while... more
BPCE investigates dynamic CVV code for online shopping
- 9 years 6 months ago
- Retail Banking
Banque Populaire and Caisse d’Epargne are to pilot a payment card that replaces the three-figure CVV code on the rear of the card with a small screen display that automatically changes periodically. The French banking group plans to put the first cards into the hands of 1000 customers from this September. The bank says the technology, developed by Oberthur, will improve security for consumers purchasing online and entails no changes to the usual... more
Merck Sharp & Dohme Federal Credit Union Expressively Expands Relationship with Fiserv
- 9 years 6 months ago
- Banking
Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that Merck Sharp & Dohme Federal Credit Union, based in Chalfont, Pennsylvania, has expanded its relationship with Fiserv through the addition of multiple solutions that will support and strengthen the credit union’s sales culture. The $536 million asset credit union will use the DNA(TM) account processing platform and 19... more
Banks are well equipped to win the customer loyalty race, says new Temenos report
- 9 years 6 months ago
- Banking
Temenos (SIX: TEMN), the market leading provider of mission-critical solutions to the financial services industry, today launches its latest white paper “Experience-Driven Banking – A Race Banks Must Win” at the Temenos Community Forum (TCF) 2015.
