Amana Bank, a leading Islamic bank in Somalia today announced that it has selected iMAL, the AAOIFI-certified core banking platform from Path Solutions to replace its legacy IT system and deploy a single, cloud-based digital banking platform to underpin its banking operations.
Temenos Cloud-native, Cloud Agnostic Core Banking Technology Supports Banco del Sol to Quickly Launch a New Bank
Temenos (SIX: TEMN), the banking software company, today announced that Banco del Sol has gone live with Temenos Transact, the next generation in core banking, Temenos Financial Crime Mitigation, and Temenos Analytics. Temenos’ cloud-native technology and country model bank methodology, enabled the bank to go live quickly with built-in configurations for local market requirements.
Thought Machine and TruNarrative collaborate on resilience and core banking innovation for Atom bank
Thought Machine, the cloud native core banking technology firm, today announced it has teamed up with RegTech leader TruNarrative to provide Atom bank groundbreaking financial crime prevention and core banking capabilities. This partnership has enabled Atom to use the TruNarrative platform to conduct a full suite of real-time AML transactional monitoring processes built on top of truly cloud native technology.
For years, LeanDev has achieved great success with their cloud-based platform for banks and credit institutions. It has helped customers like Visma Finans, SevenDay Bank, OPR Finance and Erik Penser Bank, to quickly and easily launch new products and services. As the company expands outside the Nordic region, LeanDev is changing its name to Vilja. The purpose is to streamline the business and clarify the message that Vilja delivers the best... more
Thomson Reuters enhances Strategic Partnership with Path Solutions for ONESOURCE centralized tax solution
Thomson Reuters, provider of the industry’s most powerful tax and accounting technology for corporations, and Path Solutions, provider of intelligent software solutions to Islamic banks and financial institutions, have enhanced their existing partnership to provide the GCC’s financial services sector with an opportunity to introduce automation, efficiency and accuracy into tax workflows and core banking operations.
In line with its new vision to fuel innovation, Africa and Gulf Bank (“AGB”) in Sudan has signed an agreement with Path Solutions, the software specialist for the Islamic financial services industry, in which Path will provide the front-to-back iMAL suite for retail, commercial and corporate banking to be implemented as AGB’s new core banking and channels platform.
Finastra has brought its core banking platform, Fusion Phoenix, to the cloud, with Commerce National Bank & Trust of Winter Park, Florida, and Commencement Bank of Tacoma, Washington being the first US banks to access the core solution via public cloud.
NYMBUS, a provider of the world’s most advanced financial services platform, today announced TransPecos Banks, SSB has selected and is currently converting its existing core, payments and digital banking solutions over to NYMBUS.
Burrow, part of the DPR group and provider of customer onboarding as a service technology, have announced their latest partnership with Saffron Building Society to launch a fully automated pre-application qualification solution for new mortgage customers. The Burrow platform offers a slick user interface that enables lenders and intermediaries to pre-qualify customer mortgage enquiries with an easy to adopt ‘plug and play’ solution, without the... more
Japan's SBI Holdings has invested $20 million in OpenLegacy Technologies, an American software firm that smooths API integration of core banking systems. Citi, FIS and BNP Paribas-Cardif are among the clients for OpenLegacy's platform, which helps them to create microservices-based APIs to extend their core banking systems to the digital world, including the web, mobile and cloud.
Path Solutions, a worldwide provider of Sharia-compliant financial technology solutions, has announced that it signed Al Khaleej Bank in Sudan to its core banking platform.
Today, TKP Pensioen and core-banking provider Ohpen announce their cooperation in the DC pensions sector. With this move, the pension administrator is looking to realise its ambitions in this area, while for Ohpen the partnership will allow it to enter the pensions market. Both parties expect a great deal from this win-win situation.
TONIK Selects Finastra’s Core Banking Solution to Power Southeast Asia’s First Pure-play Licensed Digital Bank
Finastra announced today that TONIK, the first licensed digital-only bank in Southeast Asia, has selected Fusion Essence in the cloud to power its end-to-end core banking capabilities. The move will support TONIK as it launches its retail deposit and customer loans services in the Philippines, giving it agility and the ability to scale quickly.
IBS Intelligence recognised ICS Financial Systems Limited (ICSFS), the global software and services provider for banks and financial institutions, for its Core Banking Implementation during its IBS Intelligence Global FinTech Innovation Awards 2019.
Today five°degrees; a digital core banking provider announces its partnership with Codat, a London based FinTech helping banks to integrate with the multiple accounting platforms their customers use to run their businesses – all through a single API. The collaboration between five°degrees and Codat strengthens the position of the two companies within the SME lending industry, provisioning for the needs of banks and financial institutions to help... more