Nordea Bank Abp: Flagging Notification in Accordance with Chapter 9, Section 10 of the Securities Markets Act
- 26.05.2021 09:45 am
Nordea Bank Abp has on 26 May 2021 received a notification under Chapter 9, Section 5 of the Securities Markets Act, according to which Sampo plc's shareholding of Nordea Bank Abp’s shares and voting rights has decreased below the threshold of 15 percent on 25 May 2021. The total number of shares and voting rights in Nordea Bank Abp is 4,049,951,919. Total positions of Sampo plc according to the notification:
Temenos Transforms Banking with The Temenos Banking Cloud to Accelerate SaaS and AI adoption with Instant Access to Sandbox, Banking Services, and Marketplace
- 26.05.2021 08:10 am
For the first time, banks can now self-provision the most complete banking services at the click of a button; With Temenos (www.Temenos.com), banks can innovate in minutes and launch new products in days to achieve the industry’s fastest time to market; With Temenos Banking Cloud, banks can gain business agility to create new revenue
The International Financial Reporting Standards (IFRS) Foundation is a non-profit standards committee that aims to set the bar for accounting and keeping financial information. IFRS’s standards can be adopted by financial institutions like banks, as well as companies listed in the public stock exchange. IFRS standards are meant to slowly replace the previous bars set by the International Accounting Standards (IAS) Board, the IFRS’ parent... more
- 25.05.2021 02:29 pm
Zeta, a banking tech startup, announced today that it has secured $250 million in investment from SoftBank Vision Fund 2. This Series C investment values Zeta at $1.45 billion. This is one of the largest single investments in a banking tech startup globally. Financial Institutions (FIs) work with dozens of tech vendors - most offering discrete pieces of functionality and archaic stacks that are older than the internet. Zeta’s Omni Stack provides... more
OneSpan™, the global leader in securing remote banking transactions, today announced that Belfius Bank has integrated OneSpan Mobile Security Suite (MSS) into its mobile app to help protect its customers from the growing impact of cybercrime. OneSpan’s technology provides biometric authentication, risk analysis and other app security best practices behind the scenes to improve the experience of the bank’s 1.5 million mobile users.
Temenos and FirstOntario Credit Union Make Banking Better with New Digital-Only Financial Arm, Saven
- 25.05.2021 10:30 am
Temenos, the banking software company, today announced that Saven Financial, a division of FirstOntario Credit Union, has gone live with Temenos Infinity and Temenos Transact. The digital-only greenfield credit union offers high interest savings accounts and guaranteed investment certificates (GICs) with highly competitive rates, leveraging Temenos technology to deliver a fast, seamless digital experience.
Global Banking Sector Reaching Almost Pre-pandemic Heights, Market Cap Jumped by 20% Quarter-over-Quarter and Hit €7.3T
- 24.05.2021 11:45 am
The economic recovery from the COVID-19 accelerated in the first half of 2021, causing the global banks' market cap to almost completely recover and reach pre-pandemic levels. According to data presented by StockApps.com, the market capitalization of the global banking sector jumped by nearly 20% since December and hit €7.3trn in the first quarter of 2021. Global Banks` Market Cap Surged by 48% YoY, Top 100 Banks Up by 43%
FinecoBank today announces that funds from BNY Mellon Investment Management are now available on its investing platform. BNY Mellon Investment Management is one of the most respected financial institutions and one of the largest asset managers in the world with $2.2 trillion in assets under management as of March 31, 2021. For British investors the firm offers a series of leading investment products across a variety of sectors and investment... more
NiyoX – a 2-in-1 wealth plus savings account powered by India’s leading digital banking fintech Niyo – on-boards 100,000 customers in less than two months of its launch. At a time when more than 80% of the country is under lockdown-like restrictions, the relevance and need of having a digital savings account has increased exponentially. NiyoX is on track to on-board 2 million customers by FY21-22.
Comviva, one of the global leaders in providing digital financial solutions, today announced that it has partnered with Accura Scan, one of the world’s leading and most advanced digital KYC (Know Your Customers) and identity verification service provider.
- 20.05.2021 02:55 pm
Surecomp®, the leading provider of global trade finance solutions for banks and corporates, today announced that Siam Commercial Bank - Thailand’s third largest bank - is deploying the IMEXTM and allNETTTM solutions for integrated, straight-through digital trade finance processing into Myanmar and Vietnam. The Bangkok-based bank - which has been a Surecomp customer since 2011 - is now deploying both solutions in Myanmar and Vietnam to support... more
Japan’s Sumitomo Mitsui Banking Corporation (SMBC) has become the latest institution to join Contour’s global network of banks, corporates and ecosystem partners working together to transform trade finance. Having been a member of Contour’s beta network since last year, transitioning to the full production network signals SMBC’s commitment to digitising trade finance. In doing so, SMBC will be able to provide its customers with a fully digital... more
Commerzbank, Evonik and BASF Conduct first Blockchain Technology and Programmable Money Test to Manage Supply Chain Processes Between Companies
In a joint project, Commerzbank, Evonik and BASF successfully tested a shared blockchain platform to efficiently handle bilateral supply chain processes between companies in a live environment. During the test, payments between Evonik and BASF were checked, paid and booked in a fully automated and digital manner by means of a programmed payment process. “Programmable money has enormous potential to further digitalise supply chains.
As part of its Shop Owners Benefit Program, PayNearby, India’s leading branchless banking and digital payments network, has tied up with Centrum Microcredit Limited, the micro finance arm of the Centrum Group, to facilitate unsecured business loans to its retail partners. As part of the tie-up, loan requirements will be sourced through PayNearby’s vast network of retailers and will be disbursed by Centrum Microcredit Limited.
Banking technology platform provider BankiFi, in association with The Co-operative Bank, has launched a new Request to Pay (RTP) service: Incomeing. The service helps SMEs boost their cash flow by facilitating instant, cost-effective and secure collection of payments from their customers. The Co-operative Bank is the first UK provider to offer an open Request to Pay mobile application for not only its customers but also those that bank elsewhere.