Digital payments are picking up in Singapore
- 9 years 11 months ago
- Mobile Banking
According to a new Timetric report, digital payments are gaining prominence in Singapore supported by the rising online and smartphone penetration, consumer preference for convenient payments and the presence of an increasing number of online retailers. With the introduction of payment methods such as PayDollar, Fastacash, PayPal, MOLPoints and MasterPass, the digital payments are expected to increase further and supplement the traditional... more
Gulf Capital Receives Dual Recognition for “Best Credit Fund” and “Best Private Equity Firm” in the Middle East at the Banker Middle East Industry Awards
- 9 years 11 months ago
- Banking
Gulf Capital, one of the largest and most active alternative investment firms in the Middle East, received dual recognition at the Banker Middle East Awards yesterday when its flagship GC Credit Opportunities Fund I was voted as the “Best SME Credit Fund” in MENA and when the firm received the “Best Private Equity Firm” accolade for the 5th year in a row.
Finesse and Fintellix to showcase Fintellix's Multi-country Banking Regulatory Compliance Product at ABTEC 2015, Abu Dhabi.
- 9 years 11 months ago
- Banking
ABTEC is the largest and most prestigious event that convenes the entire financial technology community from across the Middle East and North Africa (MENA) region. Featuring industry-leading conferences, a tightly focused trade exhibition and much more, ABTEC is a definitive platform where top decision-makers share insights with technology providers and collaborate to rethink financial services. Year after year, ABTEC attracts the financial... more
Visa bids to streamline integration between mobile tech companies and banks
- 9 years 11 months ago
- Online Banking
Visa Inc. (NYSE:V) today announced a new program that connects financial institutions and technology companies to simplify and accelerate the roll-out of new payment and commerce services.
Mobile Fintech Investment Increasing
- 9 years 11 months ago
- Mobile Banking
Fintech may be all the rage, but it is in the mobile arena where the biggest bets are being placed, with over $1.1 billion raised globally across 58 financings in Q1 alone, according to data from CB Insights.
IBM To Launch New Predictive Analytics Suite
- 9 years 11 months ago
- Retail Banking
IBM today announced 20 new industry-specific solutions with pre-built predictive analytics capabilities that will make it easier and faster for organizations across industries like retail, banking, telecommunications, insurance and others, to uncover and act on critical business insights.
SWIFT Announces That The KYC Registry Is Open
- 9 years 11 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 11 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 11 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 11 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 11 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 11 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 11 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 11 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 11 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.
