Banking

Path Solutions achieves eight consecutive GoodAccreditation Standard

Path Solutions is proud to announce that its Islamic core banking platform, iMAL has received the GoodAccreditation standard for the eighth consecutive year. This accreditation is awarded to companies based on customer satisfaction across a number of system and service criteria. Read more »

Saxo Bank and Nasdaq partner to create portfolio of growth stocks for SaxoSelect clients

Saxo Bank, the leading Fintech specialist focused on multi-asset trading and investment, and Nasdaq, the leading global provider of trading, clearing, exchange technology, listing, information and public company services, today announced a cooperation to launch a new digital investment portfolio in the SaxoSelect universe based on Nasdaq Dorsey Wright research. Read more »

Token Completes First Ever PISP Open Banking Transaction

Millions of customers are set to benefit from simpler and more secure payments as leading open banking platform provider Token.io Limited makes history by becoming the first licensed Payment Initiation Service Provider (PISP) to conduct an end-to-end payment through a public bank API. The payment of £4.99 at 18:39 on Friday 1st June 2018, confirmed as the first of its kind by UK Open Banking (the Open Banking Implementation Entity), fires the... more Read more »

Fabrick launches to create Open Banking ecosystem

Within the framework of Money 20/20, Europe’s premier event dedicated to Fintech innovators and visionaries, Fabrick is born, the collaborative evolution of Open Banking, conceptualised to help design the future of the sector, leveraging on the new paradigms forged by technological innovation. Read more »

Banco BNI Europa picks Alterest for loan data management

Banco BNI Europa, a leading digital bank, and Alterest, an innovative loan data and intelligence platform, publicly announced today their partnership to streamline investment analytics and risk management between the bank and its credit originating partners. Initiated in Oct, 2017, the partnership comprised of data-feeds integration with tech-enabled lending platforms, implementation of a reconciliation process between operations and nostro... more Read more »

Canara Bank fined by FCA for anti-money laundering failings

The Financial Conduct Authority (FCA) has fined Canara Bank £896,100 and has imposed a restriction, preventing it from accepting deposits from new customers for 147 days. Financial services firms are required to maintain robust anti-money laundering (AML) systems and controls, since they are at risk from those seeking to launder the proceeds of crime or to finance terrorism. Read more »

Fabrick begins to construct Open Banking ecosystem

Within the framework of Money 20/20, Europe’s premier event dedicated to Fintech innovators and visionaries, Fabrick is born, the collaborative evolution of Open Banking, conceptualised to help design the future of the sector, leveraging on the new paradigms forged by technological innovation. Read more »

Google Assistant users can now access their Westpac hands-free

Westpac has today extended its voice technology offering with the launch of Westpac for the Google Assistant, helping customers with hands-free access to their account balances, recent transactions, and reward points on everyday banking and savings accounts. The service is available to Westpac customers who have a Google Assistant-enabled device, including Google Home1 and any smartphone2 installed with the Google Assistant. Customers will be... more Read more »

New FICO and Equifax RegTech Solution Can Help Lenders Meet Affordability Requirements

As the UK’s Financial Conduct Authority pursues measures to stop consumers becoming trapped by persistent debt, two industry leaders in credit risk management have joined forces to help lenders make better lending decisions. Read more »

Open Banking Expo launches to spearhead innovation and roll-out across multiple industry sectors

Open Banking Expo will bring together a cross section of the UK’s brightest minds to put the second payment services directive (PSD2) under the spotlight and encourage financial services – and other industry sectors – to embrace the new legislation in order to drive product innovation and enhance customer experience. The event will take place at America Square Conference Centre on Thursday 27th November 2018 and the agenda is now live at www.... more Read more »

IBM and Avaloq to build the “Swiss Banking Cloud”

IBM and Avaloq, a leading global provider of software as a service (SaaS) and business process as a service (BPaaS) solutions to banks and wealth managers, today announced an agreement to jointly build a private “Swiss Banking Cloud” and to transform Avaloq's IT service delivery model leveraging IBM’s Infrastructure as a Service (IaaS) offering. Under the long-term agreement, IBM will provide to Avaloq private cloud infrastructure services in... more Read more »

INTL FCStone Ltd’s Global Payments Division Introduces FXePrice – Web-Based Platform for Instant FX Trading

INTL FCStone Inc. (NASDAQ: INTL) today announced that its London-based subsidiary, INTL FCStone Ltd’s Global Payments Division (“IFL” or “the Company”), has introduced FXePrice, a proprietary web-based platform allowing IFL local currency liquidity providers to streamline executable prices in 140 currencies and 175 countries.  The Company has released the platform to select members of its global network of more than 300 correspondent banks, to... more Read more »

Divido launches first multinational B2B finance solution for point of sale

Divido, the retail finance platform, is today extending its proposition to provide a B2B finance solution at the point of sale across Europe. In partnership with its panel of specialist business lenders, Divido’s platform now allows retailers to offer B2B finance to their business customers at the checkout to increase sales. Read more »

UniCredit partners with Meniga in biggest PFM deal in Europe

UniCredit today announced that it has signed a strategic partnership with Meniga, the global leader in digital banking solutions. At the same time the Group has taken a minority stake in the company with a EUR 3.1 million investment through UniCredit EVO (Equity Venture Opportunities). Read more »

Finastra's New Platform Components Accelerate Innovation for 9,000 Banks and Give Fintechs Access to a Global Marketplace

Today, at Money 20/20 Europe, in Amsterdam, Netherlands, Finastra announced the availability of the three core components within its FusionFabric.cloud platform for open innovation. Combined, the components accelerate innovation for 9,000 banks and financial institutions and give Fintechs access to a global marketplace: Read more »

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