Banking

Avaloq upgrades open software architecture designed to make banks more agile

Avaloq, the leading global provider of software as a service (SaaS) and business process as a service (BPaaS) solutions to banks and wealth managers, has upgraded its open software architecture. The key components of Avaloq’s new software architecture are self-contained systems that banks and wealth managers can easily adopt individually. Avaloq’s clients will benefit from greater business agility and scalability, improved time-to-market and... more Read more »

Banks turn to technology innovation, as global regulation continues to increase KYC complexity for 75 percent of compliance and correspondent banking professionals

The annual Accuity Financial Counterparty KYC Survey has revealed that 75 percent of senior compliance and correspondent banking professionals have encountered added complexity in interpreting and adhering to local legislation. Read more »

Assetz Capital Rewards Investors with New Refer-a-friend Scheme

Leading peer-to-peer business lender, Assetz Capital, is launching a refer-a-friend scheme designed to reward its new and existing investors. The scheme, which is exclusively available now to all Assetz Capital existing investors, pays £75 when they recommend a friend or family member who goes on to invest £1,000 or more. As well as this, the new investor will receive a £50 cash bonus after just 12 months on the platform if they continue to... more Read more »

Open Banking Expo announces former Google UK MD and an Open Banking visionary as keynote speakers

Open Banking Expo has today announced the appointment of two fintech heavy-weight speakers for its morning and afternoon keynote sessions. Google’s renowned former managing director is confirmed as the morning keynote, who will offer a unique insight on the future of Open Banking. Now MD, Fintech at Blenheim Chalcot, Dan Cobley has always been ahead of the technology curve and his appointment will empower delegates in their Open Banking journeys. Read more »

Saxo Bank Welcomes Geely Holding Group and Sampo plc as Strategic Investors and Announces New Chairman and Board Members

In October 2017, shareholders of the Saxo Bank Group ("Saxo”) announced an offer received from Geely Financials Denmark A/S, a subsidiary of Geely Holding Group, to acquire a majority stake in Saxo Bank. At the same time, Sampo, a leading Nordic financial services group, made an offer to acquire a 19.9 percent interest in the Bank. Read more »

Nordea brings open banking to Sweden

Nordea takes a major step by extending Open Banking to Sweden. This gives developers the possibility to begin building applications designed for both Finnish and Swedish customers. “We see open banking as a huge opportunity to create better financial solutions”, says Casper von Koskull, CEO of Nordea. Read more »

Profile Software is sponsoring the UK Finance Digital Innovation Summit

Profile Software, an international financial solutions provider, announced today that it supports the proceedings of the UK Finance Digital Innovation Summit, taking place on 18 September 2018 in CodeNode, London, to showcase the latest developments in its award-winning Banking and Investment Management solutions. Read more »

Colendi Card Launches to Empower Financial Inclusivity and Seamless Transactions

Colendi, the microfinance and credit scoring protocol for the unbanked and underbanked, today announced the release of the Colendi Card, a debit loan card for spending and repayments. Read more »

SimpleFinance Attracts $15M in Second Round with SBI Investments

SF Holdings Company Plc, parent of MCC SimpleFinance LLC (“SimpleFinance” or the “Company”), a fintech platform providing accessible lending to small and medium-sized Russian businesses, has completed a USD 15 million equity fundraising round with an investment from the SBI Group (“SBI”). Read more »

Varo Money goes live with Temenos’ digital banking platform

Temenos (SIX: TEMN), the banking software company, today announced that mobile banking company, Varo Money Inc., has signed for T24 Core Banking as well as the Lifecycle Management Suite which will be implemented on the Temenos Cloud. Read more »

Bank of China US Branches Go Live with Fenergo Client Lifecycle Management Solution

 Fenergo, the leading provider of Client Lifecycle Management solutions for financial institutions, announced today that the BoC US Branches, subsidiaries of the 4th largest bank in the world, have gone live on its Client Lifecycle Management platform, Fenergo CLM. Read more »

Clarien Bank Migrates to VSoft’s SaaS Environment for its Back Counter Deposit Solution

VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced that Bermuda-based Clarien Bank, with more than $1 billion in assets, has selected its Software as a Service (SaaS) delivery model for its OnView Back Counter Deposit solution. Read more »

Bank of China US Branches Go Live with Fenergo Client Lifecycle Management Solution

Fenergo, the leading provider of Client Lifecycle Management solutions for financial institutions, announced today that the BoC US Branches, subsidiaries of the 4th largest bank in the world, have gone live on its Client Lifecycle Management platform, Fenergo CLM. Read more »

Spotcap Issues Quarter of a Billion in Credit Lines to Businesses

Global fintech lender Spotcap has issued more than EUR 250 million in credit lines since its launch in 2014. The company combines robust credit assessment principles with innovative technology to offer a smooth and straightforward loan experience. The fintech undertakes cash flow based, rather than credit-score based underwriting, resulting in a fair assessment of the real-time performance of a business. Read more »

Digital Finance Europe brings together banks, fintechs

The European Banking Federation has teamed up with B-Hive for Digital Finance Europe 2018, taking place on 26 September in the auditorium of the Belgian National Bank. EBF and B-Hive share the common objective of enabling financial innovation in Europe while leveraging the regulatory and financial knowledge that Brussels has to offer as the capital of Europe. Read more »

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