Banking

Taipei-based E.Sun Commercial Bank Implements Full Suite of Kamakura Risk Management Solutions

Kamakura Corporation reported today that Taipei-based E.Sun Commercial Bank has signed an agreement to implement Kamakura's suite of solutions for asset and liability management (ALM), interest rate risk and liquidity management, and interest rate risk in the banking book (IRRBB), as well as managing its liquidity coverage ratio (LCR) and net stable funding ratio (NSFR) in accordance with Basel III regulations. E.Sun selected Kamakura's system... more Read more »

Sberbank offering loans without need to submit proof of income

Sberbank has launched a pilot project that involves reviewing loan applications without proof of income documents.  The project will let clients take out loans of up to RUB 300,000 without providing proof of income. Loan applications can be submitted in branches and also via the web version of Sberbank Online. This pilot will run until 14 October. It coincides with another consumer lending offer: loans at a minimum interest rate of 11.7%. ... more Read more »

Compass Plus migrates first Bolivian customer to TranzAxis

Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has announced its first Bolivian customer, Banco Fassil, has migrated its entire ATM network to TranzAxis.  Banco Fassil wanted to implement cash recycling ATMs and self-service kiosks, but its ambitions were limited by the system it was using. The bank chose TranzAxis to enable them to modernise their systems and... more Read more »

Record Breaking & Unmatched Results of ICS BANKS® Application from ICSFS Performance and High-watermark Benchmarking on Oracle Exadata Database Machine

ICS Financial Systems Limited (ICSFS), a global software and services provider for banks and financial institutions and a Gold level member of Oracle PartnerNetwork (OPN), today announced successful and unmatched results of high-watermark benchmark performance of its ICS BANKS® Universal Banking Application on Oracle Exadata environment. Read more »

Incubator B-Hive teams up with Temenos MarketPlace

Temenos (SIX: TEMN), the banking software company, and the collaborative fintech platform B-Hive Europe, announced their associate partnership at Digital Finance Europe on September 26. The collaboration has been launched at the National Bank of Belgium in Brussels. B-Hive’s growth continues, as it partners up with another tremendous tech company. B-Hive has reached a wide audience within the fintech community and joining forces with Temenos... more Read more »

SEBA Crypto AG raises CHF100 million to build a FINMA* licensed Bank and Securities Dealer

SEBA Crypto AG (SEBA) has secured CHF100 million to ignite its vision to build a regulated bank to bridge the gap between the crypto and traditional financial economies. Headquartered in Zug, Switzerland, SEBA wants to give institutions, corporates and individuals the confidence to operate in both economies, enabling new thinking, creating solutions and managing digital wealth efficiently. Read more »

DTCC partners with Symphony to expand Exception management platform

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure provider for the global financial services industry, today announced it has signed an agreement with Symphony that significantly expands communication and collaboration capabilities within the DTCC Exception Manager (DXM) service. Read more »

SIA launches PSD2-compliant Open Banking platform for new digital payment services

SIA launches a new “Open Banking” digital platform allowing Italian and European banks, fintechs, corporates, SMEs and public sector organizations to promote and accelerate the creation of innovative payment services, deriving from the introduction of Payment Services Directive 2 (PSD2), to seize new business opportunities in addition to guaranteeing compliance with the regulation. Read more »

Tieto launches next-generation Virtual Account Management platform enabling banks to deliver real-time liquidity services

Embracing the benefits from instant payments and open banking initiatives, Tieto is currently launching the next generation Virtual Account Management (VAM) platform. This enhanced VAM solution enables banks to deliver a real-time liquidity overview to corporate customers, with the associated benefits of accelerated settlement and immediate availability of funds. Read more »

Avaloq named Overall Winner in 2018 IDC FinTech Rankings Real Results Awards

Avaloq, the international fintech and leader in integrated banking solutions, has been named as the Overall Winner of the 2018 IDC FinTech Rankings Real Results Awards. Avaloq was also the winner in the specific category of Omni-Experience Transformation for one of their client cases. Read more »

Tangerine Bank selects Meniga for personalised digital banking

Canada’s leading direct bank offers Meniga’s award-winning personal finance management technology to all clients Tangerine, the Canadian direct bank is pleased to showcase its partnership agreement with Meniga, the global leader in digital banking solutions. The agreement sees Tangerine deploy Meniga’s digital banking solutions to all its clients, as part of its commitment to providing innovative solutions that help Canadians make smart... more Read more »

Comviva Announces Foray into Banking CVM with Machine Learning & AI platform

Comviva, the global leader in providing mobility solutions, today announced its foray into banking customer value management (CVM) by entering into a new partnership with Number Theory, an Artificial Intelligence and Enterprise Data Management firm. Read more »

Citi Launches Citi® Virtual Accounts

Citi has announced the launch of its new global solution, Citi® Virtual Accounts, which allows clients to segregate their balances under a single physical account, providing enhanced visibility, control and efficiencies through centralized payments, receivables and liquidity management.  The in-house solution leverages the strength of Citi’s on the ground presence whilst delivering a globally consistent offering and is live with clients in... more Read more »

Finastra brings core and digital retail banking in the cloud to the UK

Finastra has launched Fusion Essence in the cloud, a fully integrated core and digital solution, localized for the UK Market. Deployed on Azure, Microsoft’s enterprise-ready, trusted cloud platform, it is available to all banks, but is particularly suited to ambitious challenger banks, enabling them to come to market with velocity and allowing them to launch personalized offerings first and fast, maintaining a competitive edge. Read more »

Fintech Start-up Nebeus Sets Sight on Bringing Banking to the Unbanked with £1.1m Fundraise

 Nebeus, the London-based fintech platform which is working to bridge the gap between crypto and fiat finance through the use of blockchain technology, has launched a crowdfunding campaign with the ambition of bringing borderless banking to the 2 billion people across the globe who currently struggle to access banking services. Read more »

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