Oromia International Bank Opts for ICS BANKS ISLAMIC System from ICSFS
- 9 years 4 weeks ago
- Banking
Oromia International Bank (OIB) will be implementing ICSFS’ universal Islamic flagship, ICS BANKS ISLAMIC in its head quarter and its 200+ branches; this mile stone project will provide Oromia International Bank with world-class fully integrated banking solutions which are designed and developed following the principles of Shari’a of which; ICS BANKS ISLAMIC Core Banking, Murabaha, Musharaka, Ijara, Istisna’a Tawaruq, Mudaraba, Salam, Qard...
Safaricom Prepares M-Pesa Platform Upgrade
- 9 years 4 weeks ago
- Infrastructure
Safaricom will over the next three weeks conduct a major upgrade of the M-Pesa platform. This becomes the third major upgrade since M-PESA’s launch ten years ago, and the first such upgrade since Safaricom migrated the platform to Kenya in 2015.
Asiamoney: CreditEase Wealth Management Named Best Wealth Management Firm of the Year
- 9 years 4 weeks ago
- Wealth Management
CreditEase Wealth Management was named "Best Wealth Management Firm of the Year" in the inaugural China Independent Wealth Management category, by Asiamoney. This award is the second global recognition within half a year for CreditEase Wealth Management, after receiving the Asian Banker's award for "Best Non-Bank Private Wealth Product" in December 2016.
The Hive Project Reveals Cryptocurrency-based Invoice Financing Platform
- 9 years 4 weeks ago
- Cryptocurrencies
The Hive Project has announced the development of the first cryptocurrency invoice financing platform focused on providing new liquidity pools for small and medium-sized businesses.
Fed Payments Study: Cheque Usage Plummets in US
- 9 years 4 weeks ago
- Payments
Consumers wrote nearly two-thirds fewer checks per household in 2015 than in 2000, while total noncash payments per household, which includes not only checks but also card payments and electronic transfers via the automated clearinghouse (ACH) system, expanded almost 95 percent, according to additional results released today from the 2016 Federal Reserve Payments Study.
Warply Integrates Bank Apps with Messaging Platforms
- 9 years 4 weeks ago
- Payments
Warply - one of the top European companies in Mobile Loyalty & Payments - launched the new Warply Keyboard Payments for mobile payments and P2P transactions via messaging apps.
ABN AMRO Taps Relay42 DMP Solutions
- 9 years 1 month ago
- Data Management
Relay42, the data management platform (DMP) company that turns marketing communications into human dialogue, has been chosen by ABN AMRO to implement its unique DMP solutions across the financial institution’s IT infrastructure. ABN AMRO is a top-tier retail bank in the Netherlands with revenues of € 2076 million in 2016.
Ripple’s Bockchain Solution Powers instant Remittances from SBI Remit to Siam Commercial Bank
- 9 years 1 month ago
- Blockchain
Siam Commercial Bank (SCB), in collaboration with Japan’s SBI Remit, is using Ripple’s blockchain enterprise solution to power real-time remittance payments between Japan and Thailand. A first for the corridor, Ripple’s cross-border payments network solution is helping remittances from Japan reach SCB retail customers easily and faster than ever before. Approximately 40,000 Thai nationals currently live in Japan and total remittance flows from...
Lighter Regulatory Reform is an Opportunity for Data Management Best Practice
- 9 years 1 month ago
- Data
The implications of the potential roll back on regulation, from Dodd-Frank to a new level of commitment to EMIR and MiFID as a result of Brexit negotiations, are hard to predict. While regulatory compliance (and the associated cost) is seen by some financial institutions as a significant constraint, others have come to recognise the operational benefits associated with better data management.
SMEs more afraid of cybercrime than Brexit
- 9 years 1 month ago
- Security and Compliance, Transaction Banking, Payments
Britain’s SMEs are shifting the billions spent each year on hiring traditional experts, such as legal and procurement consultants, to leverage the skills required to survive in an increasingly digital world, including those for cybersecurity and new payments technology.
ANZ Decreases Money Transfer Fees to Pacific
- 9 years 1 month ago
- Money Transfers
ANZ today announced it was reducing international money transfer fees from Australia to five Pacific countries, effective immediately. The fee for an international money transfer to Fiji, Samoa, Vanuatu, Kiribati or Tonga is now just $9* for payments initiated by internet banking, phone banking or via an Australian ANZ branch. Commenting on the fee reduction, Group Executive Australia Fred Ohlsson said: “Many families and businesses in these...
9 Spokes Signs Letter of Intent with Royal Bank of Canada
- 9 years 1 month ago
- Banking
9 Spokes, the business insights dashboard for SMEs, is pleased to announce it has signed a letter of intent (LOI) to provide a white-label version of the 9 Spokes platform to Royal Bank of Canada (RBC). RBC is the market-leading retail bank in Canada, with broad leadership in financial services, and one of the largest banks in the world, based on market capitalisation. RBC was recently ranked ‘Best Global Retail Bank of the Year’ by RBI, and ‘...
International Greenlight Smart Debit Card for Kids Integrates with Apple Pay
- 9 years 1 month ago
- Credit Cards
Continuing to accelerate its momentum and growth, Greenlight Financial Technology, Inc., today announced that the Greenlight smart debit card for kids now works internationally, and also integrates with Apple Pay.
SimCorp Acquires APL Italian for EUR35 Million
- 9 years 1 month ago
- M&A Deals
Today, SimCorp has signed an agreement to acquire all shares in APL Italiana S.p.A. (APL Italiana) for a total enterprise value of EUR 35m. This includes EUR 10m in SimCorp shares. The purchasing price will be adjusted upwards, with estimated EUR 3m upon closing of the agreement. APL Italiana is a leading provider of investment and portfolio management software for the Italian insurance market. The company is based in Milan and has...
WEF Calls for Corporate Consensus on Blockchain
- 9 years 1 month ago
- Blockchain
Blockchain, or distributed ledger technology, could soon give rise to a new internet era even more disruptive and transformative than the current one, according to a white paper, Realizing the Potential of Blockchain, published by the World Economic Forum today.
