Banking

Over half of under 45s interested in banking products from Apple, Amazon or Google

Online research from Equifax, the consumer and business insights expert, reveals over half (51%) of Brits under 45 years old would be interested in banking products or services from technology giants like Apple, Amazon or Google. Of those, 45% said that products or services like loans, credit cards or current account from these technology companies would only appeal to them if they offered better value than their existing bank. Read more »

Mohammed Kateeb recognized among the Leaders of Islamic Economy in East Africa

Path Solutions, the global Islamic banking software company, is pleased to announce that its Group Chairman and CEO Mohammed Kateeb has been recognized among the ‘Leaders of Islamic Economy in East Africa’ during the ‘3rd East Africa Islamic Economy Summit’ held on Wednesday 25th April in Nairobi, Kenya.  Read more »

Mitsubishi to pilot real funds, cross-border payment over RippleNet

Mitsubishi Corporation (MC), MUFG Bank, Ltd. (MUFG Bank), Bank of Ayudhya PCL (Krungsri), a Thailand-based subsidiary of MUFG Bank, and Standard Chartered Bank (Standard Chartered), today jointly announced the commencement of a pilot test for moving real funds over RippleNet, with the objective of making cross-border payments more convenient and further improving the capital efficiency of corporate groups.  Read more »

Oz bank Tyro preps one-stop POS and app integration for SMEs

Tyro, Australia’s business-only bank, today announced a deal that will see it deliver an API platform designed to remove the complexities and expense of integrating multiple apps and point of sale (POS) systems, by providing a single integration solution. Read more »

Appian Named A Visionary in Gartner's 2018 Magic Quadrant for Enterprise High-Productivity Application Platform as a Service

Appian today announced it has been named a Visionary by Gartner in its 2018 Magic Quadrant for Enterprise High-Productivity Application Platform as a Service. The report evaluates vendors in the enterprise high-productivity application platform as a service (hpaPaaS) market and their product offerings. The report noted: "High-productivity application platform as a service continues to increase its footprint across enterprise IT as businesses... more Read more »

HDB Financial Services signs up with Nucleus Software

Nucleus Software, a leading lending and transaction banking solutions provider, today announced that HDB Financial Services Limited(HDBFS), one of the leading Non-Banking Financial company (NBFC) in India, has selected their lending analytics solution to help them leverage the insights provided by their data and make faster and more informed lending decisions.  Read more »

Celent highlights Fidor Group’s innovative use of APIs in banking

Today Fidor Group has been recognised for its innovative and differentiating customer experience, as one of the pioneers in the use of open APIs in banking. This is according to a new report released today by Celententitled “APIs in Banking: Unlocking Business Value with Banking as a Platform”, written by Patricia Hines, CTP. This report can be viewed here. Read more »

Profile Software Ports Core Banking Platform to the Cloud

Profile Software, an international, award-winning banking solutions provider, announced today that FMS.next, its leading Core Digital Banking platform, is now available in the cloud.  Utilising Microsoft Azure technology, FMS.next is now more suitable than ever to offer rich functionality to the Banking and FinTech industry combined with the benefits of IaaS as well as SaaS.  Read more »

Celent Highlights Fidor Group’s Innovative Use of APIs in Banking

Today Fidor Group has been recognised for its innovative and differentiating customer experience, as one of the pioneers in the use of open APIs in banking. This is according to a new report released today by Celent entitled “APIs in Banking: Unlocking Business Value with Banking as a Platform”, written by Patricia Hines, CTP. This report can be viewed here.  Read more »

Open Banking Nigeria partners Open Vecto on API standards

As part of a global alliance, Open Banking Nigeria has entered a strategic partnership with Open Vector to jointly develop the Open Banking Nigeria API standards and for Open Vector to assist in shaping and delivering this initiative.  Open Vector is a professional consultancy services firm specializing in providing Open Banking consulting and implementation services to senior and C-level banking executives world-wide.  Read more »

ACI Worldwide signs Erste Bank Hungary

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced that Erste Bank Hungary (EBH), is leveraging  ACI’s UP portfolio of solutions to drive its open banking strategy, support new revenue streams and at the same time fully meet PSD2 and instant payments compliance requirements. Read more »

Token Granted FCA Authorisation for Open Banking Payment & Information Services

Turnkey open banking platform provider, Token, today announces its official authorisation by the Financial Conduct Authority (FCA) to deliver payment initiation and account information services, under the terms of PSD2. Via its universal open API banking platform, Token enables banks, merchants and other third-party providers (TPPs) to connect to any bank in the EU for payments and account information requests, thereby solving the integration... more Read more »

Path Solutions Announced Top Islamic Banking Software Vendor by IBS Intelligence

Path Solutions, a leading provider of Islamic banking software systems announced today that the company has topped IBS Islamic Sales League Table (ISLT) 2018. This marks the sixth consecutive year, nine times in total in which Path Solutions holds on again to the No. 1 spot on this iconic international list. Read more »

RBS to cut 162 branches and 792 jobs

Royal Bank of Scotland has announced it is closing 162 branches across England and Wales. The bank said that 792 jobs would go as a result and staff would be offered voluntary redundancy. RBS branches in England and Wales, and the NatWest business in Scotland, had been earmarked for a new "challenger bank" under the name Williams & Glyn. However, that project is now not going ahead and the bank has reviewed its branch network. Some 109... more Read more »

85 Percent of Banks expect Real-Time Payments to Drive Revenue Growth

The expansion of real-time schemes globally is driving a marked change in attitudes among financial institutions, with 85 percent of banks globally now viewing instant payments as the foundation for growth and new product enhancements, according to the “2018 Global Payments Insight Survey: Retail Banking,” from ACI Worldwide (NASDAQ: ACIW) and Ovum. Read more »

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