Tagged: banking

February 9, 2023 @ 9:02 am By Omar Faridi  |  

A senior board member at the Bank for International Settlements (BIS) has asked for a coordinated regulatory response in order to limit the incursions of Big tech companies such as Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOG) into financial services. The senior office argued that… Read More

February 8, 2023 @ 9:30 pm By Omar Faridi  |  

Cashfree Payments, India’s payments and API banking solutions company, launched ‘Co-lend’, a fully automated escrow management solution for co-lending. ‘Co-lend’ has been developed in line “with the digital lending guidelines announced by the Reserve Bank of India (RBI).” It facilitates instant disbursal “with auto reconciliation… Read More

February 8, 2023 @ 3:17 pm By Omar Faridi  |  

With transaction volumes, customer expectations, and competitive threats at an all-time high, banks must “adapt quickly to keep pace.” To address these challenges, Oracle launched Oracle Banking Cloud Services, a new suite of componentized, composable cloud native services. The six new services available “provide banks… Read More

February 8, 2023 @ 2:47 pm By Omar Faridi  |  

Sionic, a provider of omni-commerce, faster digital payments solutions, today announced it is launching a suite of new, trust-based services “to address the significant challenges facing faster payments in the U.S. whether on The RTP® Network or upcoming FedNow™ bank rails.” The services are “designed… Read More

February 8, 2023 @ 12:17 pm By Omar Faridi  |  

Larky, a Fintech provider helping financial institutions connect with their audience in the right place and at the right time, announced its launch with Marshfield, Wis.-based Forward Bank. The bank has introduced Larky’s nudge push notifications in order to provide its account holders with more… Read More

February 8, 2023 @ 11:59 am By Omar Faridi  |  

Brillio, a digital transformation services and solutions provider, announced the appointment of Navneet Narula as the Global Head of Banking, Financial Services & Insurance (BFSI). Narula brings over 20 years of leadership experience “building and scaling new growth engines and transforming business verticals throughout his… Read More

February 6, 2023 @ 12:33 pm By JD Alois  |  

The House Subcommittee on Financial Institutions and Monetary Policy, part of the Financial Services Committee, will discuss banking and the need to improve the regulatory environment in light of emerging technology. The hearing, Revamping and Revitalizing Banking in the 21st Century, will review ways regulation… Read More

February 5, 2023 @ 4:07 pm By Omar Faridi  |  

Finastra recently unveiled Finastra ALM IQ, a risk management solution available for banks from March 2023. The unique Cloud-based balance sheet management tool “enables small and medium-sized banks to make confident decisions in shorter timeframes, making them more competitive against larger financial institutions.” ALM IQ… Read More

February 3, 2023 @ 6:22 pm By Omar Faridi  |  

Commonwealth Bank is rolling out new features for its widely used banking apps “aimed at combating the plague of scammers ripping off Australians.” From late March, the app will “indicate whether the name and account details customers have entered are correct when they make payments… Read More

February 3, 2023 @ 12:39 pm By Omar Faridi  |  

Mizuho Bank, Ltd., the integrated retail and corporate banking unit of Mizuho Financial Group and one of Japan’s largest financial services institutions, is “modernizing its legacy banking system for international operations with Oracle.” Over the coming years, Mizuho will “implement Oracle’s banking solutions to support… Read More

February 2, 2023 @ 11:54 pm By Omar Faridi  |  

A report published by Mobey Forum’s Digital Identity Expert Group has identified unique opportunities for banks “to leverage their position as custodians of personal data to offer value-added digital identity services and become brokers of trust in the digital economy.” The report suggests “that for… Read More

February 2, 2023 @ 9:32 pm By JD Alois  |  

ZA Bank Limited, one of the first regulated digital banks in Hong Kong, has announced the appointment of Ronald Iu as Chief Executive Officer and Executive Director. According to the bank, Iu joined ZA International, the parent company of ZA Bank, as Chief Strategy Officer… Read More

February 2, 2023 @ 8:37 am By Omar Faridi  |  

Digital bank Zopa has raised £75 million ($93m) in order “to drive its next phase of growth, supporting its vision to become Britain’s best bank.” The deal cements and markedly “enhances Zopa bank’s Unicorn status, and was led by existing investors.” The proceeds from the… Read More

February 1, 2023 @ 9:59 pm By JD Alois  |  

The House Financial Services Committee has announced its first round of hearings under the leadership of Chairman Patrick McHenry. First on the list is a full Committee hearing on the economic threat of China. Other hearings include the Subcommittee on Capital Markets scheduling a session on… Read More

February 1, 2023 @ 5:01 pm By Omar Faridi  |  

Personetics, the global leader in financial data-driven customer engagement, released a report titled “Spotlight on North America: Banks and Credit Unions Need to Promote Customers’ Financial Well-Being.” The report, based “on a study conducted by Forrester Consulting on behalf of Personetics, details the opportunities and… Read More

February 1, 2023 @ 8:17 am By Omar Faridi  |  

The crypto-asset industry might have been struggling during the past year, however, global banking institution HSBC (NYSE: HSBC) is looking to enhance its expertise in the area, advertising for senior digital assets and tokenization professionals. The new roles, both at HSBC‘s Global Private Banking and… Read More

January 27, 2023 @ 8:57 pm By Omar Faridi  |  

Zafin, which claims to be the world’s leading SaaS cloud-native product and pricing platform,  announces the launch of a new Transformation & Modernization group, created “to provide end-to-end management for the company’s priority banking accounts.” The new unit will “accelerate Zafin’s momentum in the market… Read More

January 25, 2023 @ 8:22 pm By Omar Faridi  |  

Newly launched Filipino digital bank GoTyme Bank has partnered with global cloud banking platform Mambu in order “to deliver an innovative digital banking solution that is aiming to improve access to high quality financial services for Filipinos.” Singapore-based Tyme Group, which has partnered with Gokongwei… Read More

January 25, 2023 @ 3:00 pm By Omar Faridi  |  

Managing compliance risks can feel intimidating, “especially because identity crime and fraud attempts jumped by 36% in 2021 relative to 2020,” according to the Identity Theft Resource Center. As global regulations and accessibility increase, so do compliance risks. To ensure secure operations and offer a… Read More

January 22, 2023 @ 3:32 pm By Omar Faridi  |  

Bank Nagelmackers, which claims to be one of the leading personal and private banks in Belgium, has selected Objectway, a Pan-European Wealth & Asset Management software and services company, in order “to implement a new private client wealth management platform for the bank’s advisory, discretionary… Read More