Cognizant (Nasdaq: CTSH) today announced that it has been selected by three Finnish financial institutions, Savings Banks Group, Oma Savings Bank Plc and POP Bank Group, as their strategic partner to build and operate a shared core banking platform to enable their digital transformation plans. Read more »
Tungsten Network, the global business transaction network, has released a new version of its Workflow product. Tungsten Network Workflow automates accounts payable processes, enabling incoming invoices to be automatically routed, coded, matched, approved and posted into their Enterprise Resource Planning (ERP) system via an integrated connection. It offers users a single reference point from which they are able to track invoices, monitor cash... more Read more »
Led by ICBC as the world’s most valuable banking brand (US$79.8 billion), China’s banks dominate top four spots of the ranking Chinese banks grow 28%, achieving US$407 billion in total brand value, over US$100 billion more than US banks All US banks, with the exception of Wells Fargo (-9%), Chase (-7%), and BankUnited (-6%), improve their brand value Growth of European banks is pedestrian, with German banks losing 24% of value Read more »
Natixis Payments and Wynd are set to join forces to develop an innovative and disruptive solution to streamline the omni-channel point-of-sale and payment experience, thereby supporting retailers in their digital transition. As part of this strategic partnership, Natixis is taking a stake in Wynd during the company’s fund- raising exercise with a group of investors. Read more »
New benchmark data from ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, revealed a 13 percent increase in fraud attempts in the click and collect channel during the 2018 peak holiday season. Read more »
Compass Plus, an international provider of retail banking and electronic payments software to payment processors and financial institutions, has announced that Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), one of the largest card issuers in Vietnam, has made online transactions more secure for its customers. The bank, which utilises TranzWare e-Commerce from Compass Plus, has successfully completed its Verified by Visa... more Read more »
As the first Swiss private bank, Falcon introduces direct transfers of selected cryptocurrencies for both private and institutional clients. Falcon Private Bank reaffirms its first-mover position in blockchain banking by accepting direct transfers of selected cryptocurrencies. With immediate effect, private and institutional clients can directly transfer cryptocurrencies to and from segregated Falcon wallets, as well as convert them into fiat... more Read more »
ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, announced that Al Mustashar Islamic Bank, a recently established bank in Iraq, is now operating on its multi-awards winning Islamic banking software suite ICS BANKS ISLAMIC. Read more »
People's United Bank, N.A., a subsidiary of People's United Financial, Inc., has acquired VAR Technology Finance, a private, independent leasing and finance company that supports equipment sales through its financi Read more »
PrePay Solutions (PPS), Europe's leading digital banking and payments provider, has officially partnered with USA- based global payout processor, PayQuicker. The partnership represents continued PPS growth in the support of payroll management programmes and PayQuicker’s commitment to local currency Corporate Payout Solutions across the globe. Read more »
As part of the ongoing expansion of its banking and payments security and consultancy offering, FIME has confirmed the appointments of Arnaud Crouzet and Edouard Baroin. Read more »
A new white paper published by ground-breaking financial utility, Banking Circle, has identified the stealth effect outdated payments processes are having on the insurance sector. Featuring the findings of exclusive research amongst those responsible for treasury and payments in UK insurance companies, the white paper reveals that out-dated and manually intensive collection and reconciliation systems are seriously undermining customer... more Read more »
Sberbank fingerprint payments technology is already available in 20 ABCs of Taste supermarkets, and the number is constantly growing. Once Sberbank customers have registered their biometric data they can leave their wallets and phones at home. At checkout, customers not only tie the fingerprints of two fingers to a bank card of an international payment system VISA or Mastercard, but also confirm the registration with a password. Read more »
SWIFT has today published a standard for ‘Pay Later’ APIs in a key step toward enabling the rapid adoption of an innovative new consumer payment model. Read more »
Amadeus, a leading travel provider for the travel industry, is working with Accuity, the leading global provider of risk and compliance, payments and know your customer solutions, to transform its cross-border payment process. Read more »
