Banking

Merchant Bank of Sri Lanka Furthered its Business Transformation by Deploying Fiserv Core Platform

Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that Merchant Bank of Sri Lanka & Finance PLC (MBSL) has furthered its ongoing business transformation with the deployment of the Signature® core account processing platform and front-end teller systems from Fiserv. The company merged with two subsidiaries in 2015, growing from 30 to 48 branches and adding more than 100,000... more Read more »

Schroders New Website MoneyLens that Engages with Millenials

Schroders has today launched MoneyLens, a new website aimed at helping millennials, those born in the 1980s and 1990s, to engage more with their finances and learn how to manage their money. Research from the Schroders’ Global Investor Study* showed that 94% of millennials, said that they wanted to improve their investment knowledge compared to 85% for older generations. Further research from the study showed that many millennials did not know... more Read more »

Nordea was criticized over delivery EUR500 notes to foreign exchange bureaux

On Thursday 24 May Operation X, a programme broadcast by the Danish television channel TV2, will put the spotlight on Nordea’s role in delivering foreign exchange to foreign exchange bureaux. The programme criticises Nordea for having ignored warnings that 500 euro notes were also used for money laundering and other acts of financial crime.  Read more »

International users for UK Open Banking are to be verified by NorthRow

NorthRow extends remit to provide verification checks of FinTech and financial organisation users for Open Banking across European Union and globally. NorthRow (a Contego solutions business), the RegTech and compliance specialist, has been chosen by the UK’s Open Banking Implementation Entity (the ‘OBIE’), to verify its users in the European Union and the rest of the world. The move follows the successful implementation of verification processes... more Read more »

Avaloq signs Deutsche Bank Luxembourg

Avaloq, a leader in digital and core banking software and solutions for banks and wealth managers, has announced that Deutsche Bank Luxembourg has adopted its Avaloq Banking Suite. Over 150 customers and wealth managers manage 4 trillion US dollars in assets with Avaloq, helping everyone from the ultra-high net worth investor to the average saver. Read more »

Customers “App-etite” for mobile banking transforming the future for banks

Digital transformation has become a survival strategy for banks today. UK Finance’s The Way We Bank Now report reveals 5.5 billion log-ins to banking apps last year, a 13% rise on the previous year.[1] With more reliance on digital services from customers and the Open Banking Initiative opening the door for more competition, banks are increasingly collaborating with digital experts to enhance their digital capabilities. Read more »

VSoft Streamlines Digital Banking Suite

VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced several new enhancements to its product suite, including natural language processing for its digital banking platform, Arya, and updates to CoreSoft, the company’s core processing system, and new feature functionality to the OnView payments products.  VSoft showcased these new features at its annual client conference, VISION, held... more Read more »

Fresh ICC survey shows pace of trade finance digitalisation

The International Chamber of Commerce (ICC) 10th annual Global Survey shows that 60% of banks are moving towards greater digitalisation, though only 9% say technology solutions have so far increased efficiency.  Over 60% of banks surveyed in the new ICC report—Global Trade: Securing Future Growth—reported to have implemented, or to be in the process of implementing, technology solutions to digitalise their trade finance operations.  Read more »

Ant Financial partners with China Everbright Bank and Everbright Technology to facilitate the bank’s digital transformation

Ant Financial Services Group (“Ant Financial”) has signed a strategic cooperation agreement with China Everbright Bank Co., Ltd (“China Everbright Bank”) and Everbright Technology Co., Ltd. (“Everbright Technology”), a fintech subsidiary of China Everbright Group, to facilitate China Everbright Bank’s digital transformation. Read more »

Finastra welcomes four early adopters to its FusionFabric.cloud open platform

 Finastra today welcomed four early adopters to its FusionFabric.cloud open platform. US-based Fintechs, including Tradle, Conversation.one, Active Allocator and GreenPoint Financial, are on board to design and create apps on Finastra’s platform. This represents the next wave of innovative financial services software development that will save banks time and money and enable Fintech developers to speed up time to market.    Read more »

Equifax works with HSBC UK on first live open banking credit application solution

HSBC UK has created the first live use case of open banking for credit applications using the InterConnect platform from Equifax, the consumer and business insights expert. The solution will facilitate quick affordability assessments by allowing individuals to submit their bank transaction information electronically, in less than five minutes, during an application for credit. Each submission is presented directly to HSBC UK Underwriting in real... more Read more »

Pan-African Bank Ecobank Wins Best Digital Strategy Award

Ecobank won the Best Digital Strategy Award at the Retail Banker International’s prestigious awards ceremony held at the Waldorf Hilton Hotel in London last week. Ecobank’s digital strategy leverages digitalisation for scale and ubiquity and is the key plank in its ambition to be the top consumer financial services franchise in Africa and to achieve its target of serving 100 million customers. Read more »

nCino Enhances its Bank Operating System with Retail Sales and Service Solution

nCino, the worldwide leader in cloud banking, announced a significant addition to its Bank Operating System through the launch of its Retail Sales and Service Solution. Read more »

Temenos

AI-based Safety to Battle Fraud

Temenos (SIX:TEMN), the banking software company, today expanded its leading financial crime mitigation product to include an AI-based Suspicious Activity Prevention solution protecting banks and their customers from fraud.  Demand for financial compliance and the increasing levels of financial crime are putting huge pressure on banks. Their legacy processes have grown so complex with a high level of manual work for screening alerts and other... more Read more »

Juniper Names Fidor As A Leading Disruptor in Its “Disruptors & Challengers Quadrant For Neo & Challenger Banks”

Today Fidor Group has been recognised for its innovative products and digital offerings by Juniper Research. It has named Fidor as a leading disruptor in its prestigious “Disruptors & Challengers Quadrant For Neo & Challenger Banks” for 2018. Read more »

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