Tagged: banking

August 13, 2023 @ 1:54 pm By Omar Faridi  |  

As part of modernizing its IT landscape and enhancing the customer experience, Handelsbanken Norway has chosen to consolidate on Tietoevry Banking’s wealth management solution. This enables Handelsbanken “to offer financial products, including mutual funds, equities, ETFs and more, through one modern self-service platform for its… Read More

August 13, 2023 @ 5:24 am By Omar Faridi  |  

UnionPay International (UPI) and Payments Network Malaysia Sdn Bhd, or PayNet, Malaysia’s national payments network jointly signed an agreement in Shanghai in order to support “the cross-border QR code linkage and enable the full acceptance of the UnionPay App (Chinese-mainland, Hong Kong and Macao versions)… Read More

August 11, 2023 @ 8:15 am By Omar Faridi  |  

Virtusa Corporation, a global provider of digital strategy, digital engineering, and information technology (IT) services and solutions, in collaboration with Thought Machine, a pioneer in cloud-native core banking technology, unveils the groundbreaking SME Customer Onboarding Platform. This solution empowers financial institutions “to expedite and digitize… Read More

August 10, 2023 @ 8:35 am By Omar Faridi  |  

Garanti BBVA, which claims to be a leading force in digitization in the Turkish banking industry, has announced the launching of Garanti BBVA Digital Assets, the first venture of its subsidiary Garanti BBVA Financial Technologies. With a pilot already in progress, the company will initially… Read More

August 9, 2023 @ 7:04 pm By Omar Faridi  |  

Several global banks have progressed with the Finteum Platform integration work, ahead of going live with the system. The Finteum Platform is “an execution venue that brings intraday funding capabilities to the global interbank market.” 19 banking groups with “a combined balance sheet of $23.5trn… Read More

August 9, 2023 @ 1:30 pm By Omar Faridi  |  

Nu officially inaugurated its new office spaces in Mexico City. With a sprawling space of over 5,000 m² in the Polanco neighborhood, Nu provides a workspace “for more than 1,200 Nubankers who work in a hybrid schedule, alternating between weeks of in-person and remote work… Read More

August 6, 2023 @ 2:39 pm By Omar Faridi  |  

BaaP (Banking-as-a-Platform) is an operational business model that “puts banks at the forefront of consumers.” In their latest whitepaper, the researchers highlighted “how BaaP can help traditional banks regain their competitive edge against neobanks.” This, according to the Juniper Research team. Through collaboration with innovative… Read More

August 5, 2023 @ 2:02 pm By Omar Faridi  |  

Using the Request for Payment (RfP) capability on the RTP network, the instant payments system operated by The Clearing House, broker dealers, billers and suppliers “can now request a payment from their customers through secure bank channels, and receive an instant payment in response from… Read More

August 4, 2023 @ 10:43 am By Omar Faridi  |  

Capco, the global technology and management consultancy, and Celonis, the “pioneer” and global leader in process mining, announced a new mortgage pipeline management solution offering lenders “a data-driven approach to manage their mortgage loan pipeline, resulting in continuous process improvement, risk mitigation and cost reduction.”… Read More

August 1, 2023 @ 4:33 pm By Omar Faridi  |  

Jack Henry (Nasdaq: JHKY) announced that Machias Savings Bank, a $2.4 billion-asset mutual savings bank, has selected Jack Henry in order “to modernize its technology stack and help it continue delivering high-level customer service as the bank grows.” Founded in 1869, Machias Savings Bank is… Read More

August 1, 2023 @ 11:45 am By Omar Faridi  |  

Bluevine, the provider of small business banking solutions, announced the launch of its new accounts payable (AP) offering to help business owners and their teams simplify business payments management from within their Bluevine Business Checking accounts. With accounts payable through Bluevine, business owners can now… Read More

August 1, 2023 @ 8:56 am By Omar Faridi  |  

European Depositary Bank (EDB), the Luxembourg-headquartered provider of banking, depositary, and custody solutions, announces its appointment by Aarna Capital Limited to deliver Digital Banking solutions. Aarna Capital is a multi-asset brokerage firm, “operating from Abu Dhabi Global Markets (ADGM) and offering customers access to futures,… Read More

July 30, 2023 @ 1:05 pm By Omar Faridi  |  

Paymentology, the global issuer-processor, announces its strategic global partnership with Monese’s XYB, end-to-end ‘coreless’ banking platform provider, launched in May 2023, and poised to shake up the banking industry. The platform enables banks and non-banks “to break down the barriers to building and providing financial… Read More

July 29, 2023 @ 11:47 am By Omar Faridi  |  

Cross River Bank, a New Jersey State chartered FDIC-insured bank known for its diversified commercial real estate (CRE) lending program and deep market experience, announced the closing of the second quarter, “totaling over $66 million in loans year-to-date.” Additionally, the team reports that it “saw… Read More

July 29, 2023 @ 10:11 am By Omar Faridi  |  

The Board of Monument Bank is pleased to confirm that regulatory approval has been confirmed for the appointment of Fiona Pollard as the successor to Niall Booker as Chair of Monument Bank. Monument Bank Limited is authorised by the Prudential Regulation Authority (PRA) and regulated by… Read More

July 29, 2023 @ 10:07 am By Omar Faridi  |  

As a follow-up to the recent webinar Envestnet hosted with open banking experts around the world, we caught up with Lisa Novier, Head of Governance, Risk & Compliance at Envestnet Data and Analytics. Envestnet claims it has been at the forefront of open banking adoption… Read More

July 29, 2023 @ 6:18 am By Omar Faridi  |  

ING announced the appointment of Görkem Köseoğlu as chief technology officer and member of the Management Board Banking. Görkem will take up his position “on 1 September, succeeding Ron van Kemenade, who stepped down effective 30 April 2023.” Görkem is currently “the chief operations officer… Read More

July 27, 2023 @ 4:28 pm By Omar Faridi  |  

The Monetary Authority of Singapore (MAS) announced that insurance policy owners will soon have online options to nominate their beneficiaries. Amendments have been “made to the Insurance (Nomination of Beneficiaries) Regulations 2009, to enable insurers to provide these options from 2 January 2024.” The process… Read More

July 27, 2023 @ 2:29 pm By Omar Faridi  |  

Moves, the banking app built exclusively for gig workers, today announced a partnership with Astra, the all-in-one platform for faster payments, to offer members real-time transfers using Visa Direct, Visa’s real-time push-to-card payments platform. As the U.S. gig economy continues to grow, there is “a… Read More

July 26, 2023 @ 3:32 pm By Omar Faridi  |  

Currencycloud, which claims to be the expert team simplifying business in a multi-currency world, has partnered with Malaysia-based GAT Investment Bank in order to launch GAT Money, an app offering an alternative solution to new clients who “need a global banking solution which offers access… Read More