Temenos Sets Sustainability Benchmark for Cloud-Native Core Banking With Microsoft
- 2 months 1 day ago
- Core Banking
Temenos today announced the results of a sustainability benchmark for its cloud-native banking platform running on Microsoft Azure, demonstrating the efficiency to handle the variable demands of digital transactions while also supporting banks to meet their sustainability goals.
Banking Circle Helps Smaller Banks Fast-Track to Comply With EU SEPA Instant Mandate
- 2 months 2 days ago
- Banking
On 7th February 2024 the European Parliament mandated that instant payments (in less than 10 seconds) should be the de facto standard for consumers and businesses in the SEPA zone, with a deadline set of 9th January 2025 to deliver this service. For smaller banks with already stretched IT and development resources, less than 12 months to make significant infrastructure changes could be a step too far. Recent insight suggests that more than 40%... more
Wirex Chooses OpenPayd to Launch Embedded Accounts Across UK and EEA
- 2 months 2 days ago
- Banking
Today, leading embedded finance and Banking-as-a-Service (BaaS) platform, OpenPayd announces its partnership with Wirex, a prominent Web3 money app, to provide named virtual IBANs to its customers across the UK and European Economic Area (EEA) strengthening Wirex’s core mission to provide easy, fast and secure payment metho
Presidents Choice Financial® Selects Temenos to Expand Banking Business
- 2 months 2 days ago
- Banking
Temenos today announced that President's Choice Financial® (PC Financial®), part of Loblaw Companies Limited – Canada’s leading food and pharmacy retailer, has selected Temenos to extend its reach into the Canadian banking market. PC Financial® will adopt Temenos retail core banking solution as SaaS on Microsoft Azure, enabling it to scale products and expand its banking proposition rapidly.
Temenos Introduces Temenos Positions to Transform Banking Operations
- 2 months 2 days ago
- Banking
Temenos today introduced Temenos Positions, a financial processing solution designed to transform banking operations for institutions with complex, multi-core systems across multiple lines of business in both Retail and Corporate banking.
Temenos Launches the First Responsible Generative AI Solutions for Core Banking
- 2 months 3 days ago
- Core Banking
Temenos today launched its groundbreaking Responsible Generative AI solutions as part of its AI-infused banking platform. These secure solutions seamlessly integrate with Temenos Core and Financial Crime Mitigation (FCM), revolutionizing the way banks interact with their data, boosting productivity and profitability to realize substantial return on investment.
Validata Extends Technology Partnership with Temenos
- 2 months 1 week ago
- Core Banking
Validata announces the extension of their long-standing global, technology partnership agreement with Temenos and has extended its integration with Temenos core banking to provide banks and Electronic Money Institutions (EMIs) with a next-generation, cost-effective solution for Cash and Nostro reconciliation including payments investigations and case management, intelligent matching and exception management.
Leading Hedging Technology Company ALT21 Joins Temenos Exchange to Provide Banks Around the World with Automated and Affordable FX Hedging Solutions for SME Banking Services
- 2 months 1 week ago
- Banking
ALT21, a leading hedging and cross-border payments technology company, today announced that its flagship solution for banks, BankHedgeTM, is now integrated with the Temenos banking platform and available for banks globally on the Temenos Exchange ecosystem of partner solutions.
87% of Corporate Treasurers Have Abandoned Banking Applications due to Lengthy Onboarding
- 2 months 1 week ago
- Banking
87 percent of corporate treasurers have abandoned banking applications for their business due to lengthy and inefficient onboarding processes, according to new research from Encompass Corporation, the global leader in Corporate Digital Identity (CDI). It is not just banks losing customers, as 86 percent of treasurers also highlighted that their businesses had lost revenue as a direct consequence of a bank’s slow and disjointed approach to... more
CIBC Mellon Leverages Duco Technology to Enhance Enterprise Data Automation Français
- 2 months 1 week ago
- Banking
CIBC Mellon today announced its strategic collaboration with Duco, a leading SaaS provider of AI-powered data automation. By leveraging Duco's advanced capabilities, CIBC Mellon is set to lower operational risk, streamline processes, and empower finance and operations teams.
MYTM and AlHuda CIBE Partner to Drive Global Expansion of Islamic FinTech
- 2 months 1 week ago
- Islamic Finance
In a momentous step for the future of Islamic FinTech, MYTM, a leading Islamic FinTech company, and AlHuda Centre of Islamic Banking and Economics (CIBE), a globally recognized service provider in Islamic finance, have signed a Memorandum of Understanding (MoU) today. The signing ceremony was graced by Dr. Sohail Zafar Cheema, Chairman of MYTM and former Minister of Commerce & Investment, and Mr. Muhammad Zubair Mughal, Chief Executive... more
League Data First in Canada to Bring Mambu Cloud Banking to Credit Unions Français
- 2 months 1 week ago
- Banking
A first for the Canadian financial industry, League Data, the CIO and technology partner for Atlantic credit unions, announced today that they have successfully converted Brunswick Credit Union to the Mambu cloud-based banking platform. As their legacy core banking system is approaching end of life in 2025, League Data is seizing the opportunity for further digital transformation of its credit unions to modernize the banking experience for... more
Zopa Bank Amasses £4 Billion in Customer Deposits
- 2 months 1 week ago
- Banking
Zopa Bank has surpassed £4 billion in customer deposits just under four years since getting its banking license. The ISA market has been particularly enticing to consumers looking for a tax efficient way to save. Bank of England statistics show that UK savers have been consistently moving ~£3 billion per month into ISAs for several months now, buoyed by higher interest rates.
Finxact and Zafin Collaborate to Bolster Capabilities and Support Core Banking Transformation
- 2 months 1 week ago
- Core Banking
Finxact, a Fiserv company and leading provider of the next-gen core banking platform to the U.S. regional and super-regional banking sector, and Zafin, a leading provider of SaaS core modernization and transformation solutions for banks, are revolutionizing how financial institutions approach core transformation projects.
9Spokes Introduces Multi-Bank View to Expand Financial Insights for SMBs
- 2 months 2 weeks ago
- Banking
9Spokes, a data platform that specializes in integrating and aggregating business and financial data, today announced the launch of its multi-bank feature, a significant advancement in financial transparency and access for small and medium-sized businesses (SMBs). This new feature provides SMBs with a consolidated view of their financial accounts across multiple institutions and service providers, aligning with the global movement towards open... more
