Tagged: banking

Report: Switzerland Struggles to Maintain Crypto Prominence as Banks Turn Away from Emerging Sector

The emergence of cryptocurrency and initial coin offerings has helped to bring Switzerland back into the lime light when it comes to financial services. Once a noted haven for “numbered” bank accounts and strict anonymity rules, the Swiss banking industry has dimmed in recent years… Read More

Hungarian Commercial Bank MKB Bank Goes Fully Digital With Oracle FLEXCUBE Implementation

On Tuesday, Hungarian commercial bank MKB Bank announced implemented Oracle FLEXCUBE to become fully digital. According to MKB Bank, the core banking solution has been adopted by more than 600 financial institutions around the world, as part of a broader restructuring project to streamline its… Read More

Bank Software Provider Temenos Receives Recognition from Gartner for 9th Straight Year

Banking software providor Temenos (SIX: TEMN), was recently recognized by analyst firm Gartner, for its service for the 9th year in a row. Temenos was acknowledged  in the June 2018 report “Magic Quadrant for Global Retail Core Banking” (GRCB) – a document that assesses vendors based… Read More

As Blockchain’s Maturity Still Getting Sorted Out, solarisBank Places its Bets on the New Sector

The general unwillingness of banks to provide services to cryptocurrency firms is a well-known dirty secret in the Toronto start up scene. Any use of the word ‘bit’ in a business plan will have you politely shown the door by an account manager, even at… Read More

Standard Chartered Announces Partnership With RegTech Firm Silent Eight to Lead Global Fight Against Financial Crime

Standard Chartered Bank announced on Monday as part of its continued efforts to lead the way in the global fight against financial crime, and through its use of regtech, it has partnered with Silent Eight to deliver capabilities to its Financial Crime Compliance (FCC) teams…. Read More

Russian Banking Firm Sberbank Implements Payments Through Google Pay

Russian banking firm Sberbank announced on Thursday that it and Google have provided online shops and their clients a new tool for paying for online purchases – Google Pay. Sberbank claims it is the first bank in Russia to support online payment of goods and services… Read More

Zopa Announces £1.5 Million Profit; Revenues Raise By 40% to £46.5 Million

Peer-to-peer lending platform Zopa announced on Monday its 2017 profit after tax of £1.5 million for its online lending business. According to the Fintech, 2017 was a year of strong and sustainable growth, with the year’s revenue being £46.5 million – an increase of 40%… Read More

Raisin and Banco BNI Europa Deepen Collaboration

Fintechs Banco BNI Europa and Raisin have furthered the collaboration between the two firms. Banco BNI Europe says it has entered into a cooperation to allow Portuguese savers to gain access to the best savings rates available from across Europe. BNI Europa Executive Chairman Pedro… Read More

Starling Bank Streamlines Joint Account Process using Mobile Proximity Tech

Digital bank Starling Bank has launched a new feature to streamline the process of creating joint accounts without ever having to visit a UK bank branch.  The mobile application process uses Google Nearby tech to enable Starling users to securely apply for a joint account in just… Read More

Revolut Now Offers an App Store for Business Banking

Revolut, a digital only bank that says it is signing up over 120 businesses per day, has launched a new services for their business customers – Revolut Connect. This new feature is described as an “App store” for businesses to help provide easier access to… Read More

Banking on the Brand: What Financial Services Can Learn from Direct-to-Consumer Companies

Warby Parker, Casper, Bonobos, Allbirds, and Glossierare some examples of an ever-growing list of consumer brands that have significantly disrupted the retail industry, largely without appearing in brick-and-mortar stores. These brands have found success using a direct-to-consumer model, meaning that they sell and market directly to consumers via technology… Read More

Banco BNI Europa Commits to €50 Million to Linked Finance to Lend to Irish SMEs

Marketplace lending platform Linked Finance has secured a commitment from Portugal’s Banco BNI Europa, who will provide up to €50 million over a 2-year period, to lend to Irish SMEs. Niall Dorrian, CEO of Linked Finance, called the decision by Banco BNI Europa to deploy… Read More

SoFi Launches Bank Like Service: SoFi Money

It is a truism that we need bank like services but we really don’t need banks. The portfolio of services offered by a traditional analog bank sometimes feel cobbled together. Difficult to manage and expensive to use. Current accounts is an excellent example. For some… Read More

Apple Pay Coming to Revolut? [u]

Earlier this week, Revolut tweeted out that something “huge” is coming to the Revolut App. The digital bank already enables cryptocurrency trading, so what could it be? Speculation is that since it has to do with paying with your phone – it must be Apple… Read More

Digital Bank Penta Launches New Team Feature for Businesses

Digital bank Penta has launched a new feature entitled “Team Access,” where founders and co-workers may better manage expenses. Services similar to this are frequently found in large enterprise software programs or may be leveraged as a separate service. Penta is seeking to differentiate itself… Read More

Report: Digital Challenger Redwood Bank Raises £9.8 Million

A report by Beauhurst is revealing that challenger bank Redwood has raised £9.8 million as the UK digital banking market heats up. Redwood is the newest addition to the future of banking joining peers, Monzo, Starling, Revolut and more. These are the names that may… Read More

Banking Blockchain “Product Development Unable to Keep Up with Hype,” Though Optimism Remains

Consulting firm and provider of market intelligence Greenwich Associates released a report yesterday stating that financial firms doubled blockchain staff and increased blockchain budgets 67% last year, but only 14% of 200 financial institutions polled, “claim to have successfully deployed a production blockchain solution.” Interviews… Read More

Willkommen: Hypothekarbank Lenzburg AG is First Swiss Bank to Provide Crypto Firms Business Accounts

There is an element of irony that Switzerland is one of the most cryptocurrency focused and forward thinking countries in the world, yet it remains a challenge for blockchain based companies to establish a bank account in the Alpine nation. This week, that changed as Hypothekarbank… Read More

Kony Debuts New Digital Banking Solution “Kony DBX”

Kony, Inc., an enterprise mobility and digital applications company, announced on Tuesday the launch of its new digital banking solution, Kony DBX. This launch of the solution comes just a little over six months after the expansion of Kony’s digital banking marketplace. According to Kony, the Kony DBX… Read More

App-Only Bank Chime Surpasses One Million Bank Accounts (Infographic)

Chime, a U.S.-based app-only bank, recently announced it has surpassed one million bank accounts. Founded in 2013, Chime is on a mission to help its members lead healthier financial lives. The company’s service is described to help customers avoid feeds, save money automatically, and improve their… Read More