Temenos Signs Multi-Country Model Bank Development Agreement with Bahwan CyberTek
- 1 month 3 weeks ago
- Banking
Temenos today announced that it has signed a Multi-Country Model Bank development agreement with Bahwan CyberTek (BCT), a global digital transformation company. Temenos Country Model Banks offer financial institutions a faster go-live experience with Temenos solutions, while simultaneously reducing costs and risks through pre-configured banking functionality and country-specific localization.
Bybit Launches Shariah-Compliant Islamic Account for Muslim Crypto Traders
- 1 month 3 weeks ago
- Cryptocurrencies, Islamic Finance
Bybit has launched an Islamic Account designed for Shariah-compliant crypto trading, responding to the rising demand for Islamic finance solutions in the cryptocurrency market. The account, which was introduced on September 24, 2024, allows Muslim traders to engage in spot trading for 75 cryptocurrencies and utilize trading bots like DCA and Spot Grid Bot. Certified by ZICO Shariah and CryptoHalal, the account ensures compliance with Islamic... more
Banks Believe They’re Eight Months Behind Criminals but Are Confident They Can Catch Up. Really?
- 1 month 3 weeks ago
- Banking
New research from RedCompass Labs, a world leader in payments modernization and financial crime red flags, reveals that US banks believe they are eight months behind criminals, with the largest institutions believing the gap is as wide as 23 months.
Fibabanka Launches Türkiye’s First BaaS Platform in Partnership with GetirFinans
Fibabanka, a leading player in Türkiye’s banking sector, has launched the country’s first Banking as a Service (BaaS) model through an innovative collaboration with GetirFinans, which received a total of $70 million in investment last year at a valuation of $250 million. This partnership, a significant step in Fibabanka’s broader strategy to expand its BaaS platform, provides non-banking businesses with the infrastructure to offer tailored... more
BofA to Open More Than 165 Financial Centers by End of 2026
- 1 month 3 weeks ago
- Banking
Over the last 10 years, Bank of America has been expanding its financial center network, opening locations nationwide in new and existing markets. The bank is on track to open more than 165 new centers across 63 markets by the end of 2026, including nearly 40 this year. This is in addition to the more than 100 centers the company opened over the last two years.
Backbase Unveils Intelligence Fabric to Unlock AI-Productivity Gains for Banks
- 1 month 3 weeks ago
- Banking
Backbase is excited to announce a major expansion of the Engagement Banking Platform with the introduction of the Intelligence Fabric layer, a powerful set of data and AI infrastructure and development capabilities that are now natively embedded in the platform.
BNY Releases The Voice of Community Banks Survey
- 1 month 4 weeks ago
- Banking
The Bank of New York Mellon Corporation, a global financial services company, released today the results of a 2024 survey of community banks that it conducted with the Harris Poll, a global market research firm.
BNP Paribas Signs an Agreement with HSBC for the Acquisition of Their Private Banking Activities in Germany
- 1 month 4 weeks ago
- Banking
BNP Paribas announces today that it has signed an agreement with HSBC for the acquisition of their Private Banking activities in Germany, with the ambition to position BNP Paribas Wealth Management among the top leading players in Germany and bringing its AuM1 to more than €40bn.
Revolut Reaches 10 Million Customers in the UK
- 2 months 1 day ago
- Banking
Revolut, the global financial technology company has today announced it has reached ten million customers in the UK. Revolut’s largest market, and where the company was founded in 2015 has added nearly two million UK customers so far in 2024 and continues to grow. Revolut has over 45 million customers globally.
Bank of England Holds Interest Rates
- 2 months 2 days ago
- Banking
The Bank of England is expected to maintain current interest rates on Thursday as it waits for clearer indications that inflation risks are under control. Instead, attention will shift to decisions regarding bond sales, which may influence Finance Minister Rachel Reeves’ upcoming first budget. While British inflation remained stable in August, it accelerated in the crucial services sector, leading analysts to anticipate a slower decline in... more
NAB Extends its Partnership with AWS
NAB has extended its long-term agreement with Amazon Web Services (AWS) as part of its multi-cloud strategy that continues to bolster the bank’s technology capability to improve customer experiences. The agreement will see NAB continue to accelerate the migration of key critical workloads to AWS cloud infrastructure and further develop its Generative AI (GenAI) capabilities – including automated code development and training.
Money20/20 USA Agenda Dives Deeper Into The Integration of AI and Finance
- 2 months 2 days ago
- Artificial Intelligence, Payments, Banking, FinTech StartUps, IT Innovations
Money20/20, the world's leading fintech show and the pl
Major Retail Banks to Introduce Singpass Face Verification, Further Strengthening Resilience Against Phishing Scams
- 2 months 3 days ago
- Banking
The Monetary Authority of Singapore (MAS) and The Association of Banks in Singapore (ABS) today announced that major retail banks in Singapore will progressively implement Singpass Face Verification (SFV) over the next three months to strengthen the digital token (DT) setup process for retail banking customers.
CFPB Takes Action to Stop Banks from Harvesting Overdraft Fees Without Consumers' Consent
- 2 months 4 days ago
- Banking
Today, the Consumer Financial Protection Bureau (CFPB) published guidance to help federal and state consumer protection enforcers stop banks from charging overdraft fees based on phantom opt-in agreements.
88% of Top Global Banks Failing to Protect Themselves from Climate-Related Disruptions, New Ranking Reveals
- 2 months 5 days ago
- Banking
Most of the largest commercial banks in the world are lagging behind in implementing effective measures to climate-proof their operations and those of the businesses they finance, according to a new ranking which assesses how well banks are responding to escalating climate risks. Despite growing awareness of climate adaptation, the ranking reveals that only seven of the world’s top 50 banks are meeting more than half of the climate adaptation... more
