Banking

Insurance and Banking Consultancies Find Significant Benefits When Switching to a Cloud Based XBRL Reporting Platform

UBPartner (www.ubpartner.com) announced today that usage of its XT Cloud Service has soared over the last 12 months. New figures show that around 150 insurance firms and banks are now using the service for both quarterly and annual reports, primarily for Solvency II and CRD4 reporting. Read more »

Monzo is prepping for a US launch

UK neobank Monzo has started to prepare for its launch in the US, according to sources familiar with the matter cited by TechCrunch. The neobank has already set up a small team in the US to help lay the groundwork of bringing Monzo to the country.  Business Insider Intelligence  Read more »

Linedata to transform the lending experience with Loansquare’s digital platform

Linedata (Euronext Paris: LIN) announces the acquisition of French start-up Loansquare, whose portal digitalizes relationships between borrowers and lenders. By acquiring Loansquare, Linedata enhances the end-to-end capabilities of its platforms and services for lenders. "I am delighted to start 2019 with the acquisition of Loansquare, says Anvaraly Jiva, Founder and CEO of Linedata. We are engaged in an ambitious process of enabling digital... more Read more »

Bendigo and Adelaide Bank Goes Live with Wolters Kluwer’s OneSumX for Regulatory Reporting

Bendigo and Adelaide Bank has completed its implementation of Phase 1 of Modernized Economic and Financial Statistical Reporting (EFS) using Wolters Kluwer’s OneSumX for Regulatory Reporting. EFS is an ambitious regulatory change program, managed by the Australian Prudential Regulation Authority (APRA). Read more »

SINNAD migrates processing business to new platform based on Compass Plus products

Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has announced that SINNAD, a leading GCC third-party payment service provider based in Bahrain, has deployed a new processing platform built on TranzWare and TranzAxis.  Read more »

RHB Banking Group Chooses Kamakura for NSFR

Kamakura Corporation is pleased to announce that RHB Banking Group, (http://www.rhbgroup.com/), the fourth largest fully-integrated financial services organization in Malaysia, has chosen Kamakura Risk Manager to manage its Net Stable Funding Ratio (NSFR) requirements.  Read more »

CONSUMER FINANCIAL PROTECTION BUREAU SETTLES WITH USAA FEDERAL SAVINGS BANK

The Consumer Financial Protection Bureau (Bureau) today announced a settlement with USAA Federal Savings Bank, a federally chartered savings association headquartered in San Antonio, Texas. Read more »

iwoca adds Barclays and HSBC to Open Banking connections

iwoca, the UK’s fastest growing small business lender, today announces it has connected to Barclays and HSBC banks under Open Banking. This expands the number of Open Banking connections offered by iwoca to three, including Lloyds Bank, and will enable more than 60 percent of the lender’s customers to take advantage of the Open Banking service. Read more »

Leading US Company selects Temenos Core Banking Platform in the Cloud

Temenos (SIX: TEMN), the banking software company, today announced that PayPal, Inc. has selected Temenos T24 Core Banking. The Temenos T24 banking platform will run on Temenos Cloud and support several of PayPal’s businesses across multiple geographies, including the US, UK, Germany and Australia. This signing is important for Temenos as it highlights its momentum in the US market with banks and disruptors alike.    Read more »

Cevian Capital invests in Nordea

Nordea Bank Abp – Stock exchange release – Inside Information Today, Cevian Capital announced a holding in Nordea Bank Abp corresponding to approximately 2.3 per cent of the total number of shares and votes. Cevian Capital also announced its intention to join the Nomination Board of Nordea Bank Abp. Read more »

Coconut introduces limited company current accounts and invoicing product

Coconut, the current account combining banking and accounting, today launches its new limited company current accounts and invoicing tool.  The product helps freelancers, self-employed people and owner managed businesses by automating bookkeeping and tax tasks using rich payments data.  Read more »

Avaloq launches dedicated PSD2 solutions to help institutions capitalise on new open banking era

Global fintech leader Avaloq today announces the launch of dedicated solutions to help financial institutions become fully compliant with ꟷ and capitalise on ꟷ the Payment Services Directive II (PSD2). Financial services firms operating in Europe have until September 2019 to become fully compliant with the regulation, which requires banks and wealth managers to adapt their digital infrastructure and capabilities to allow third-party businesses... more Read more »

La Banque Postale and Natixis announce Natixis’ acquisition of La Banque Postale’s 50% stake in Titres Cadeaux

Natixis today announces the acquisition of La Banque Postale’s 50% stake in Titres Cadeaux and becomes the company’s sole shareholder after it was set up by the two banks in 2006. Le Groupe La Poste will remain a prime business partner via a contract to distribute Titres Cadeaux gift vouchers in its post office branches, while Natixis Payments plans to step up development ofTitres Cadeaux gift products with all i Read more »

Path Solutions on the Number One spot in Islamic Banking

Path Solutions is proud to announce that it has topped the bobsguide Software Rankings 2018 in the Islamic Banking category - in an industry benchmark list that was revealed on the 11th of December.  Read more »

MTB introduces UnionPay to Bangladesh with support from Compass Plus

Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has announced that Mutual Trust Bank Ltd (MTB), one of the top five retail banks in Bangladesh, has become the first bank in the country to issue UnionPay International cards. Read more »

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