Banking

ICS BANKS Auto Collection System

ICS BANKS Auto Collection System is a robust collections software solution that is introduced to reduce and mitigate risk of managing past due or delinquent accounts. This automated system monitors the customer’s accounts which have unpaid arrears in order to track any amount that becomes available, and blocks it against these arrears, before being drawn or used by the customer. Read more »

Venture in Italy: FinLeap becomes even more international with "Beesy"

FinLeap founds its first company in Italy, supported by Fabrick as lead investor.  Beesy is a digital financial management solution for small businesses and freelancers.  Ramin Niroumand, CEO of FinLeap: "With Beesy we are taking a new step and founding our first Fintech company outside of Germany". Read more »

Sumitomo Mitsui Trust Bank (U.S.A.) Adopts DTCC Alert GC Direct To Efficiently Manage Settlement Process

The Depository Trust & Clearing Corporation (DTCC), the premier post-trade infrastructure for the global financial services industry, today announced that Sumitomo Mitsui Trust Bank (U.S.A.) Limited (SuMi TRUST USA) has become the first Japanese global custodian to go live on the ALERT Global Custodian Direct (GC Direct) workflow. Read more »

The ID Co Unveils Open Banking API Platform

The ID Co. is excited to announce the launch and immediate availability of the Open Banking API Platform with full support for all of the leading UK banks. Read more »

Growth Street joins the Starling Bank Marketplace

Starling Bank, the mobile-only bank, and Growth Street, the peer-to-peer business lender, are joining forces to give the nation’s five million small business owners better access to the flexible finance they need to prosper and grow. Growth Street will be the first SME finance provider to go live on Starling’s in-app Marketplace, which gives users access to a range of services from pensions to insurance to loyalty schemes. The Starling... more Read more »

Nordea Half-year Report 2018

Second Quarter Results 2018 CEO Casper von Koskull's comments on the results: "This quarter we have started to see our efforts to increase customer satisfaction bearing fruit and we see signs of improving momentum across our various businesses among both corporate and household customers. We are delivering on cost, compliance, capital and credit quality, which is the foundation for continuing to be the stable, safe and trusted banking partner of... more Read more »

Hungary’s MKB Bank Goes Fully Digital with Oracle

MKB Bank, Hungary’s fourth largest commercial bank has today announced it is the first in the country to take a leap towards digital and open banking after transforming its entire technology system. Its transformation has included a full replacement of its core banking system, the retirement and consolidation of roughly 10 additional systems, and the modernization of its entire IT architecture. Read more »

Bank of Asia to Become the First Client of NSD’s SWIFT Bureau in Kyrgyzstan

National Settlement Depository (NSD), Russia’s central securities depository, has signed an agreement to connect Kyrgyzstan’s Bank of Asia to SWIFT via NSD’s service bureau. Read more »

Sberbank selects Token.io

Token.io Limited announces that its technology has been implemented by Sberbank in Slovenia as of today, 17 July 2018. Token is an open banking platform provider that allows a global ecosystem of banks, bank customers and developers to move money and information securely, instantly and without friction. Token’s Application Programming Interface (API) for banking infrastructure ensures that Sberbank Slovenia complies with PSD2. Read more »

BoE’s warning on digital transformation disruption is misleading, says TmaxSoft

In the wake of the TSB IT debacle, the Bank of England (BoE) and the FCA have given financial services firms three months to explain how they would deal with technology failure. The discussion paper outlines the importance of operational resilience and warns that banks could face fines if service disruptions lasts longer than two days. Read more »

ICS BANKS Notification System

ICS BANKS Notification System is created to provide the bank with a notification mechanism where certain messages or advertisements will be displayed for certain customers, once their accounts or customer number keyed in the system in order to be addressed in a proper way. For example, if the customer is entitled for a new credit card, the bank can add a specific notification where the notification will be displayed once his customer/ account... more Read more »

Commercial Bank of Dubai and Network International Sign Acquiring Porcessing Deal

Commercial Bank of Dubai (CBD) and Network International, the leading payment solutions provider in the Middle East and Africa, recently signed an agreement to provide Network International’s bespoke acquiring processing solutions to CBD’s wholesale banking clients. Read more »

CAS Becomes a Preferred Funding Token for ICOs As Cashaa Banking is Going Live

Cashaa, a nextgen banking platform, conducted a highly successful Token Sale to solve the problems for individuals and businesses related to banking. Among its customers are the coming generation of businesses who are conducting ICOs and Token Sales themselves. Read more »

YouGov Poll: UK Adults are Seeking innovative Digital Payment Experiences From Banks

UK adults are ready for real-time interaction with their banks. The results of a recent YouGov survey, on behalf of Ondot, revealed today that online security and fraud prevention comes top in what Brits think banks should guarantee, with 60% wanting 'peace of mind' when using cards online. The survey also discovered that consumers are keen to play a much more proactive role in managing their personal finances. Read more »

Consumers Left Clueless About Banking Options

Online research from Equifax, the consumer and business insights expert, reveals a lack of awareness of banking options among Brits. When presented with a list of digital banks 60% hadn’t heard of any of the brands* and only 20% would opt for a challenger bank if opening a new account today. Read more »

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