Royal Bank of Canada (RBC), with the help of Personetics Cognitive Banking’s applications, will deliver two new services this autumn that provide AI-powered financial guidance and an automated savings programme through the bank’s mobile app. The development follows on from last month, when RBC unveiled these two digital services – called NOMI Insights and NOMI […]
Google is expected to launch a mobile payments app in India next week. Google Tez, which means “fast” in Hindi will reportedly support Android Pay as well as the government-backed Unified Payments Interface and other consumer payment services including Paytm and MobiKwik.
India-based finance company TAB Capital is implementing a new lending system, FinnOne Neo, supplied by domestic vendor Nucleus Software. The solution will be delivered in the cloud.
If you’re trying to cater to millennials, you need to understand how they think and feel about money.
Yes Bank, one of the largest banks in India, us calling for start-ups to apply for the second cohort of its Yes Fintech innovation programme.
Digiliti Money (DGLT) may have gotten knocked down, but it’s not out. And neither is a revised bid from prospective buyer Urban FT.
Analyst firm Ovum hosted its Digital Futures event at which Nokia’s CTO explained why we need to fundamentally redesign the network.
Marieke Flament, European MD at Circle, discusses how technology is transforming the global payments landscape.
Digital performance management company Dynatrace is working with Rabobank “to monitor the real-time experience of every customer and user for all services” at the bank.
There’s a new fintech challenger in town. Toronto-based STACK announced its partnership with Mastercard two weeks ahead of the beta launch of its mobile financial services app and companion prepaid card.
Moneyou, the digital consumer subsidiary of Dutch bank ABN Amro, has implemented UK-based Bankable’s Banking-as-a-Service (BaaS) platform. The service is now open to selected customers in the Netherlands. Moneyou provides savings accounts to more than half a million customers and says it is diversifying via Bankable’s multi-wallet and multi-card technology to launch a product portfolio […]
European Banking Federation (EBF) has published its annual update on the banking sector in Europe. According to the EBF findings, staff numbers and branches in the European banking sector continued to shrink in 2016, while Eurozone deposits and loans grew slightly.
Chinese investment holding company Tencent and US-based Intel have joined forces to co-operate on blockchain projects.
Digital banking technology company Q2 Holdings Inc. took the Finovate stage to demo its CardSwap technology.
UK-based challenger bank Starling has gone live with its Marketplace, a new ecosystem of financial products accessible through its app. As reported in June, Starling said it would launch Marketplace at some point. This idea was first discussed back in April, when its developer portal went live. Now the marketplace is alive and kicking and […]
EXCLUSIVE: Banking tech vendor Technisys has landed two new deals for its flagship core banking system, Cyberbank Core, and digital channels software, Cyberbank Omnichannel.
Client lifecycle management (CLM) software vendor Fenergo has landed a deal with Santander Global Corporate Banking – to revamp its client onboarding process. Fenergo CLM will be rolled out to Santander’s operations in Europe, Asia and the Americas, across multiple business lines.
Instabank, a new digital bank in Norway, has implemented Provenir’s Risk Analytics and Decisioning solution. Delivered in the cloud, the system provides “a real-time, digital lending experience” for its Instabank’s customers, Provenir says.
EXCLUSIVE: Openbank, a digital bank in Spain (and part of Santander) is believed to be in the concluding stages of its core banking system selection.
National Bank of Kenya says it has upgraded to “the fifth and latest version” of its core banking platform, Fusionbanking Essense, supplied by Finastra (formerly Misys).
KBC Bank Ireland has unveiled a new mobile app that allows customers to open, activate and use their bank account “at any time, within just five minutes”. The bank says this is “completely unique to the Irish market” and the app’s official launch follows months of development and testing with consumers. The app is available […]
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
The U.S.’s No. 2 remittance provider is expanding its MoneyGram MobilePass service to its entire U.S. network of 35,000 agent locations.
It might seem obvious, but sometimes we just need to be reminded of how much information we give away without thinking about it.
More than a year after Capital One unveiled the feature, US Bank customers still are among the first in the US to be able to complete banking tasks, such as checking an account balance or paying a credit card bill, by speaking a command to an Amazon Alexa device.
Mambu has gone on the record about its core banking software project at N26, a German-based challenger bank. N26 is using Mambu’s flagship core system, provided on a Software-as-a-Service (SaaS) basis.
The landscape of cross-currency (FX) payments is taking on a whole new look – creating challenges for corporate financial managers and the need for new banking solutions.
Banking platform SolarisBank has chosen Italy-based SIA to support the launch of new contactless debit cards and to contribute to the development of electronic payment solutions in Germany. SIA’s technology platform will manage the processing of transactions made using payment cards issued by the bank for its clients. The infrastructure, supporting the launch of new […]
Facebook-owned IM service WhatsApp reckons it might finally be able to make some money by charging businesses for clever access to their punters, reports Telecoms.com (Banking Technology’s sister publication). Apparently quite a lot of people already use WhatsApp around the world to interact with shopkeepers and other relatively simple business transactions such as placing orders, […]
EXCLUSIVE: UK-based Saffron Building Society is modernising its technology with DPR Consulting, Banking Technology understands. On the way out is the legacy MSS core processing solution, supplied by Sopra Banking Software.
International Turnkey Systems (ITS) has upgraded its core banking system, Ethix, at Commercial Bank of Dubai (CBD).
Dubai-based Mashreq Bank will revamp its banking services in the UAE with the help of NCR technology over the next six months. NCR says Mashreq will be the first in the region to deploy its tablet-based Interactive Banker, which lets tellers come out from behind their counters to help customer’s complete transactions. Sandeep Chauhan, head […]
Fiserv’s Portico core processing system has gained three new takers in the US: Montana Health Federal Credit Union, Port Conneaut Federal Credit Union and Southwest Oklahoma Federal Credit Union.
Swiss digital banking company Crealogix has bolstered its artificial intelligence (AI) and machine learning capabilities with the acquisition of new technology from Koemei, reports Julie Muhn at Finovate (Banking Technology’s sister company). Crealogix will leverage Koemei’s technology that uses automated speech recognition (ASR) to convert audio, podcast, and video content into text data, which facilitates cross-media […]
EXCLUSIVE: Redwood Bank, a new SME-focused bank in the UK, has opted for a cloud-based banking platform. The front-to-back office solution is supplied by a local fintech firm, DPR Consulting, Banking Technology understands. It is hosted in a private cloud.
Core banking software provider Fern Software has opened its Abacus HUB Cloud platform to third parties in the UK and Ireland.
Fintech zeitgeist! This week Loraine DeBonis, editor-in-chief of Banking Technology’s sister site Paybefore, muses on all the money changing hands in the payments industry.
EXCLUSIVE: UK-based Association of British Credit Unions (Abcul) has suspended its plans to migrate its member credit unions onto its new tech platform, Banking Technology understands.
Kiwibank, New Zealand’s fifth largest bank, is conducting a “strategic review” of its implementation of SAP’s core banking and payment software – a large-scale project known as CoreMod.
It’s been seen as the ultimate clash of cultures. The baseball cap and T-shirt versus the formal suit and tie; the young, quick-thinking fintech versus the risk-averse multinational corporate; David versus Goliath.
