Retail Banking

US Banks To Spend $16.6bn On Digital Transformation

American retail banks will spend $16.6 billion on "digital transformation initiatives" this year, according to research from IDC Financial Insights. As the retail banking delivery model is upended, financial institutions will increasingly focus their budgets on digital transformation, with spending growing at a compound annual growth rate of 10.4% into 2019, predicts IDC. This compares to a growth rate of just 3.9% for overall IT spending by US... more Read more »

Western Union To Expand Money Transfers With Bansefi Mexico

As part of its continued commitment to the Mexico market, The Western Union Company (NYSE: WU), a leader in global payment services, and state-owned Banco del Ahorro Nacional y Servicios Financieros, Sociedad Nacional de Crédito, Institución de Banca de Desarrollo (BANSEFI), today announced an agreement to expand access to inbound money transfer services under Western Union, Vigo and Orlandi Valuta brands throughout the country. Read more »

Payments Council Changed New Trade Association

Payments UK succeeds the Payments Council, which oversaw the successful roll out of mobile payments tool Paym, the Current Account Switch Service and Faster Payments. However a bungled attempt to abolish cheques prompted the government to move to rein in the self-governing body. In its new role, Payments UK says it will work closely with the Payment Systems Regulator (PSR) in its remit to promote competition and innovation across the sector. Read more »

Fiserv Clients Recognized by Retail Banker International for Strategy and Innovation

 Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that four of its clients received recognition at the Retail Banker International Awards 2015  for initiatives executed in conjunction with FISERV. The successful banks and their winning categories include: Westpac Banking Corporation for IT Innovation of the Year, HSBC Mexico for Latin American Retail Bank of the Year and PNC Bank... more Read more »

Western Union To Suspend Its Money Transfer Operations In Greece

Western Union is to suspend its money transfer operations in Greece as the crisis-wracked country reels from an overnight Government decision to shut all banks and the stock market for six business days and impose restrictions on cash machine withdrawals. Read more »

French Fintech Startups Bended Together

Thirty six fintech startups in France have banded together in a bid to foster a national ecosystem for innovation in financial services. The creation of of the France Fintech group has been welcomed by Government ministers who are concerned that the country is getting left behind by more organised structures for the promotion of startup innovation by other centres such as London and new York. Read more »

Development Bank of the Philippines Chooses Polaris and Kaisa To Transform Its Core Banking Operations

Polaris Kaisa, a joint initiative between Polaris Consulting & Services Ltd, a leader in digital transformation solutions & services and Kaisa Consulting, today announced that the Development Bank of the Philippines (DBP), one of the largest Government Financial Institutions (GFI) in the Philippines has chosen to implement Intellect Digital Core (Core Banking Solution) to transform its core banking operations. Read more »

VietinBank Launches Hello Kitty Cards

Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) and JCB International Co., Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd., officially held a magnificent launch event for the VietinBank-JCB Hello Kitty Card with Hello Kitty as theme on June 19 2015. The card targets young customers and ladies who are fond of the cute Hello Kitty. Read more »

Equiniti Pancredit Powers FairMoney - A New Breed of Loan Comparison Site

Equiniti Pancredit is putting responsible lending back at the heart of the consumer credit market with the launch ofFairMoney, a loan comparison site that uses the applicant’s credit profile to match them to the best loans available for their circumstances. Read more »

Dwolla Joins Fed Fast Taskforce

In 2013, the Federal Reserve decided to step in and start a 40-year conversation in the making, asking the nation’s experts in payments, business, and banking their thoughts on what a faster payment system could look like. Even consumer groups and tech companies like Google got in the mix. Pretty much everyone agreed: a faster payment system is needed. Dwolla has had a unique role and voice in this movement. Since releasing FiSync in 2012 we’ve... more Read more »

Accenture Launches Analytics Applications For Financial Services Firms

Accenture (ACN) is launching seven advanced analytics applications for the financial services industry, including banking and insurance companies, to simplify analytics decision-making by placing insight at users’ fingertips. Configured through the Accenture Analytics Applications Platform, the new advanced analytics applications are designed to help financial services companies improve customer experience and retention, increase sales, simplify... more Read more »

CommBank Releases Smartwatch Apps

Customers of Australia's Commonwealth Bank can now track the movement of share prices and perform everyday banking tasks with a tap of their wrists following the release of two new smartwatch apps. The CommSec Apple Watch app enables customers to track movements in the ASX 200, view their share portfolio, programme in alerts and ask Siri to get live share prices.  Paul Rayson, executive general manager, CommSec, says the new app is meeting the... more Read more »

SmartStream Technologies opens a new office in Nairobi

SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced that it has expanded its global operations with the opening of a new office in Nairobi.  The office is the second in Africa, following the opening of Johannesburg in April 2013. The new operation will be led by Pritesh Kotecha, Senior Vice President for Middle East, Turkey, South Asia and Africa.  Read more »

NCR expands into APAC region with the opening of its Service Operations Centre

NCR Corporation (NYSE: NCR), the global leader in consumer transaction technologies, today announced the opening of a new Services Operation Centre in Kuala Lumpur, Malaysia. This new facility will serve as NCR’s services hub for the Asia Pacific region. Located at Bangsar South City, the state-of-the-art facility allows NCR to quickly introduce next-generation service delivery support to customers in the financial services, retail, hospitality... more Read more »

Nomis 4.6 Increases Active Market Signal Response

Nomis Solutions today announces the release of Nomis 4.6, the latest version of their feature-rich price optimization suite, which enables banks to utilize actionable insight to react more quickly in today’s dynamic financial services market. Read more »


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