Come Dime with me for Fiserv‘s core banking DNA
US-based Dime Community Bank is revamping its systems by using the real-time core platform and digital banking solutions from Fiserv.
BankingTech
Lloyds, Halifax and Bank of Scotland hit by system outages
The customers of Lloyds, Halifax and Bank of Scotland have been affected by an online and mobile banking glitch that is preventing access to accounts or telling users they don’t have an account with the bank. The banks say their phone lines are back to normal, but online and mobile banking are facing “intermittent issues”. […]
Panin Dubai Syariah selects ICS Banks core banking platform
Panin Dubai Syariah, an Islamic bank in Indonesia, has selected ICS Banks core banking platform from ICS Financial Systems (ICSFS) to replace its legacy tech.
Clinc goes global, partners with Isbank to offer conversational AI
Conversational AI innovator Clinc has partnered with Isbank, the largest private bank in Turkey, which will deploy Clinc’s technology within its two mobile banking apps.
NAB plans 6,000 job losses in digital banking revamp
National Australia Bank (NAB) will make 6,000 job cuts over the next three years with its digital banking revamp and long-term strategy to maintain profit. Andrew Thorburn, NAB’s CEO, says: “I think all big businesses – particularly incumbent businesses – the reshaping of the workforce is going to be significant. And I think it’s important […]
Orange finally peels open mobile-only bank
French telecoms firm Orange has launched its delayed mobile-only bank as it looks to tap into its current customer base. As Banking Technology reported in January 2016, Orange outlined its plans for a new bank. While in April 2016, it made a significant stride in its mobile banking ambitions by acquiring a majority stake in […]
Case study: Piraeus Bank – e-branches
Stefanos Mytilineos, deputy general manager, digital business retail banking, branch network & deposits, Piraeus Bank Group, shares the bank’s experience of bringing full digital banking experience to brick-and-mortar branches.
OneSavings Bank in regtech project with Lombard Risk
UK-based regtech vendor Lombard Risk Management is supplying its regulatory reporting platform, AgileReporter, to OneSavings Bank.
Iberiabank selects nCino for cloud-based lending
Iberiabank has selected nCino’s cloud-based Bank Operating System to process services across several lines of business, including commercial and SME lending and treasury management.
AsiaKredit launches consumer lending mobile app, pera247
AsiaKredit, a Southeast Asia digital consumer lender, has unveiled pera247 in the Philippines – its data-driven consumer lending platform mobile app.
Implementing derivatives clearing on distributed ledger technology platforms
Clearing houses and central clearing counterparties (CCPs) play a pivotal role in managing collateral and counterparty risk, in increasing standardisation and transparency of financial markets, and in the credit enhancement process for clearing banks. For such systemically critical functions, how appropriate are innovative new technologies such as distributed ledger technology (DLT)?
Bank on Dave gearing up for launch in 2018
Burnley Savings and Loans, a lending company based in Burnley, UK, is awaiting a banking licence from the UK regulator for its Bank on Dave challenger bank.
Warwyck Private Bank signs for ERI’s Olympic core banking system
Mauritius-based Warwyck Private Bank has signed a deal with Swiss banking software tech vendor ERI to implement its Olympic core banking system.
First interactive mobile video banking solution comes to US
POPin Video Banking Collaboration is merging with BankOn Mobile Video by Financial Town to create “the first interactive mobile video banking solution” for credit unions, banks and other financial service providers in the US.
Three reasons Asia is the perfect incubator for fintech innovation
A report released last year by EY and major Singaporean bank DBS declared China the “undoubted centre of global fintech innovation and adoption”. And China isn’t the only Asian country making waves in the fintech sphere. Overall fintech investments in the Asia-Pacific region reached $10.5 billion in 2016 – the highest amount witnessed to date since 2010, according to CB Insights data.
€18 billion invested in software by European banks in 2016
The European Banking Federation (EFB) has released survey stats that show that European banks last year invested more than €18 billion in software.
R3 and banks partner to develop cross-border payments platform
Enterprise software firm R3 and 22 of its member banks have developed a solution that leverages distributed ledger technology (DLT) to enable “fast, efficient and cost-effective” cross-border payments.
Avoid a bank branch nightmare this Halloween
Trick or treat! It’s Halloween and brands everywhere are using spooky season as a way to have some fun with customers. However, any ghoulish behaviour belongs firmly in the land of fun, and should not creep into everyday customer interactions
SIBOS Interview: Torstone Technology – how securities firms are facing the regulatory challenges
Brian Collings, CEO of Torstone Technology explains how securities firms are harnessing technology to meet the regulatory challenges they face.
Banking Technology Awards 2017 shortlist unveiled
We are happy to announce the 2017 Banking Technology Awards shortlisted candidates!
CYBG brings next working day cheque depositing to mobile banking
Clydesdale and Yorkshire Banks (CYBG), through its digital banking service B, is launching new technology in November 2017 to enable customers to pay in cheques using its mobile banking app, B.
NDC to upgrade core banking tech at Farmers Commercial Bank
Farmers Commercial Bank (FCB) in Sudan is upgrading its core banking system, Temenos’ T24. The bank enlisted National Data Consultants (NDC), a Pakistan-based implementation partner of Temenos, to help with the project.
Autosoft Dynamics gains first core banking system deal in Afghanistan
National Bank of Pakistan (NBP) has picked a core banking system and vendor for its operations in Afghanistan – Autosoft Dynamics and its flagship Autobanker offering.
Crime thriller: Trading Down, by Stephen Norman – part 2
Here’s a second extract from Trading Down, by Stephen Norman, which continues the drama in the Hamilton Datacentre.
ING unveils new branch concept that “feels like home”
ING Belgium has opened doors to its first “client house” branch, which the bank describes as “a place where retail, business and private banking customers can walk in and enjoy a good coffee and receive personal service”.
Yoma Bank live with new treasury tech from Finastra
Myanmar-based Yoma Bank has implemented a new treasury and capital management (TCM) system, Fusioncapital Opics, supplied by Finastra (formerly Misys).
Case study: Hellenic Bank – building a bank through strategic partnerships
Natasha Kyprianides, group head of digital banking and innovation at Hellenic Bank, gives the lowdown on how to apply the partnership strategy in practice and achieve real results.
Nubank reaches out to Brazil’s underbanked with digital banking accounts
Brazilian fintech Nubank will soon be offering digital banking accounts in addition to its credit card business. The move will provide access to billpay, account-to-account transfers, and the ability to earn more in interest than is available with a regular savings account.
Regions Bank completes wealthtech modernisation project with SEI
US-based Regions Bank has gone live with the SEI Wealth Platform, following an 18-month transition of its private wealth, asset management and institutional services businesses to the new platform.
Fintech funding round-up: 27 October 2017
Just when you thought there couldn’t be more; the latest stories from the fintech funding world returns for another round. Features Constellation, Credit Sesame and Jirnexu.
Credit union consortium CULedger opts for Swirlds to build blockchain platform
CULedger, a US-based credit union consortium formed by the Credit Union National Association (CUNA) and the Mountain West Credit Union Association (MWCUA), has selected Swirlds’ hashgraph technology as a key component of its permissioned, distributed, shared ledger platform for credit unions.
Edmond de Rothschild live with new core banking system, Avaloq Banking Suite
Banque Privée Edmond de Rothschild (EDR) has gone live with a new core banking platform for its Swiss operations, Avaloq Banking Suite, supplied by Avaloq.
JP Morgan Chase launches mobile app Finn for millennials
JP Morgan Chase has launched its new mobile banking app, Finn. Designed for millennials, Finn will allow customers to open a bank account, make deposits, track spending and set up a saving plan.
Compass Plus builds new mobile banking app for Lipetskcombank
Lipetskcombank (LKB), one of Russia’s largest regional banks, has launched its new LKB Online mobile app, underpinned by the Tranzware Mobile Banking system from paytech specialist Compass Plus.
Map: fintech landscape
A very detailed map of the current fintech landscape, produced by VentureBeat, listing hundreds of companies in the banking, payments, investments, financing, insurance, infrastructure and enabling technologies verticals.
Banking on digital natives: Why banks must innovate
Banks need to innovate to stay competitive, here’s how.
Top fintech stories this week – 27 October 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Understanding consumer intent is the path to customer loyalty
Building loyalty means delivering convenience. But this means more than just delivering more sophisticated digital services. It means delivering a superior customer experience in every way the consumer interacts with your business.
SIBOS Interview: SmartStream – the future of banking
Rocky Martinez, CTO and Haytham Kaddoura, CEO at SmartStream talk about the future of banking and how fintechs can help clients grow their business.
The changing face of financial crime compliance
Paul Taylor of Swift’s Financial Crime Compliance Services Division discusses the evolving compliance landscape and the critical role of technology in helping the industry come together as a whole to combat financial crime.
