Industry News

LONDON (Reuters Breakingviews) - Concise insights on global finance in the Covid-19 era. Swiss 100 franc bank notes are withdrawn from an ATM in the northern Swiss town of Kreuzlingen in this picture illustration, January 16, 2015. CAGR FLAGGER. Max Chuard has...

Whilst analysts like Gartner and Forrester have discussed digital banking platforms (DBP) for a few years now, doing a Google search does not provide you with many answers. So, what is a DBP, why is one needed and who needs one? Essentially the key problem a DBP...

The deal will open up the global digital payments market to NEC. NEC has agreed to acquire Avaloq in order to secure a global pathway into the digital payments market. Announced on October 5, the deal will bring Avaloq under the Japanese IT group's umbrella, although...

Open Banking is a global FinTech trend that according to NETInfo is revolutionizing the financial services landscape across the world by enabling banks to acquire the skills and tools required to build their own ecosystem through the Open Banking infrastructure. The...

Varo Bank has gone live with Temenos Transact as its core banking technology. The news about this project was first exclusively published by FinTech Futures in 2018. Varo Bank has picked a handful of Temenos systems Varo, which launched in 2015, provides no-fee...

Banco del Sol, the digital bank of Grupo Sancor Seguros, has gone live with Temenos Transact as its core banking system. Banco del Sol has undergone a revamp with Sancor Seguros The bank has also opted for Temenos’ Analytics and Financial Crime Mitigation platforms....

Kunden laufen Sturm, weil heute den ganzen Tag nichts lief auf dem System des Geldhauses. Führende Digital-Bank? Die CS erleidet heute ihr Digital-Waterloo. Nichts geht mehr im Ebanking des Finanzmultis. Die Kunden laufen Amok: Wann kann ich endlich meine Überweisung...

Financial technology, widely referred to as fintech, has taken the world by storm. Thanks to the emergence of smartphones and increasing internet access, many people can perform tasks from their couch when they’d ordinarily need to go to a bank.  According to the Pew...

Sudan's move to join the U.N.'s Better Than Cash Alliance is its latest step to transition the country to digital payment systems Sudan has joined the U.N.'s  Better Than Cash Alliance in a move to facilitate emergency aid during the coronavirus crisis, as well as...

Account-to-account (A2A) payments is nothing new; bank transfer services have existed for many years and traditionally been used by consumers to schedule regular bill payments, but through open banking and real-time payments, A2A has a genuine opportunity to become a...

NETinfo and Otap Projects collaborate to provide enhanced digital transformation services NETinfo, a versatile and innovative technology company, and Otap Projects, a boutique banking consultancy, have entered into a strategic collaboration to enable digital...

Digital transformation in retail banking is driven by customer experience. Technology and data that supports and enhances the customer journey is part of this change. While digital transformation for a retail bank requires a new appreciation of the customer as an...

Digital banking in Africa has been a growth area for some time, but in the wake of the coronavirus crisis, it has the potential to become a juggernaut of growth and innovation. Digital banking is enjoying a moment in sub-Saharan Africa. The combination of high...

Digital has become the pulse of banking customers’ interactions, and it continues to influence their behavior and needs, but with almost half of banking consumers using only digital channels for their transactions, expectations are outpacing experiences at most...

To capture the full value of digital distribution, banks need to make sure the human touch is still part of the equation. While digital banking has become the default for many customers, there are still those who value the personal touch. And even those who favor...

Banking providers must leverage data and insights collected throughout the customer journey to create a seamless, personalized experience that builds value, improves satisfaction and reduces costs. By Sridhar Obilisetty, CEO and Technology Executive in Digital Banking...

The European Forum of Securities Associations (EFSA), in conjunction with members from Spain, France, Italy, Belgium, Germany, Denmark, Poland, and Sweden, this week released an open letter calling for a number of changes to be considered as priorities in any upcoming...

With the first implementation date looming for the EU’s Securities Finance Transaction Regulation (SFTR), banks and investment firms impacted by the April 14 live date are finalizing their preparations for this data-heavy reporting regulation To aid in those efforts –...

The legal and regulatory landscape for the asset management industry has transformed over the past decade – with major upgrades such as AIFMD, FATCA, CRS and BEPs, in addition to a myriad of local compliance requirements. As the reporting demands of both investors and...

On December 20, 2019 the UK Government quietly introduced the Fifth EU Money Laundering Directive (5MLD) into UK law, coming into force on January 10, 2020 – in other words, this Friday. The Directive was introduced as part of ‘The Money Laundering and Terrorist...