Merging tech, avoiding “turf wars”, embracing change, careful planning and ensuring alignment between the companies – there is plenty to think about in any merger and acquisition (M&A) deal to ensure its success. Some relief, however, might come in the form of a cloud. When and how should this technology be applied? Banking Technology contributor, Graham Jarvis, […]
As regulatory pressures mount, Jon Hallam of GoldenSource explains why removing the burden of data management from the shoulders of fund managers can help deliver absolute returns for investors. From investors wanting more bang for their buck to increasing regulatory reporting requirements, it’s fair to say that asset managers have had a fair bit to […]
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Swift seeks stronger network security Strikes back after hacks. IBM to open blockchain innovation centre in Singapore Big Blue stays true to blockchain. Starling Bank gets UK banking licence Aims to launch to customers by January 2017. Unibank […]
In the face of an ever rising digital agenda in Europe, banks are jumping on the fintech bandwagon, hoping to jumpstart innovation. Technology stands today as a catalyst for change in established banking institutions, write Astrid Froidure, digital transformation lead at Open Reply, and Fausto Jori, owner of E-finance Reply. The spark comes in a […]
Why are the next generation of virtual cards the key to commercial card adoption? Alex Mifsud, CEO of Ixaris, explores the issue. Commercial cards are relatively commonplace in the business world, with companies using these cards to buy a raft of business related items, including client lunches, airline tickets & office supplies. Commercial cards come in […]
Big data is a promise. In theory, banks can now know more about every single one of their customers than ever before. There is a real opportunity for them to cement their customer relationships; to create targeted offers and personalised experiences that attract new, and retain existing, customers. UK’s retail banks have increasingly been using […]
Neptune, the open standards network for pre-trade indications in bond markets, has set up a new company, Neptune Networks Ltd, to run the utility. Neptune was formulated by Etrading Software and a group of 40+ banks and asset managers in H2 2014. The pilot production network went live in August 2015. Its supporters include Barclays […]
Ewan MacLeod is heading to Nordea as co-head of its newly created “Group Digital” unit and is on the lookout for fintech companies, services and ideas to introduce to Nordea. MacLeod will be one of two chief digital officers at the Nordic banking group. The other one is Poul Raaholt, previously head of group IT […]
There are three options of a road ahead for the payments industry players: 1) to carry on as they are and watch their margins erode; 2) to transform into a utility; 3) to have a long hard look at their value chain. If you choose the latter – what do you see, asks Sapient Global Markets’ Leda […]
Bank of Khartoum (BOK) has opened its first international branch, underpinned by Path Solutions’ iMAL core banking system. The branch is located in Bahrain. Path Solutions is a long-standing tech supplier to the Sudanese bank, but says that iMAL “was chosen over competitors’ systems” for the BOK International project. BOK International focuses on products and […]
Banque Privée Edmond de Rothschild (EDR) is implementing a new core banking solution, Avaloq Banking Suite. It will be provided on a hosted basis by Avaloq, supporting EDR’s operations in Switzerland, Luxembourg and Monaco. Banking Technology understands that the contract was signed at the end of last year. EDR specialises in private banking and asset […]
Blockchain is disrupting the financial services (FS) industry. Deloitte recently called it one of the year’s most controversial and debated topics. Yet, despite the hundreds of millions being invested in blockchain technology by companies from all industries across the globe, there is still much confusion around how the technology works and the effects it will […]
JP Morgan has launched In-Residence, a new programme for fintech start-ups to use its facilities, systems and expertise. The company says it is inviting start-ups to sit “side by side” with its businesses to develop innovations that could “revolutionise” the sector. Sanoke Viswanathan, chief administrative officer of JP Morgan’s Corporate & Investment Bank, says this […]
Woman In Technology (W.I.T) Award recognises an outstanding contribution made by a female to the fintech industry. The W.I.T. Award celebrates the spirit of inclusion, diversity and creativity in the fintech industry Supported by a worldwide network of FemTechLeaders To be presented at the Banking Technology annual awards ceremony and gala dinner on 1 December. […]
Temenos has landed a major deal with Standard Chartered, to modernise the bank’s wealth management software across 30+ countries. The bank signed for Temenos’ WealthSuite, front-to-back office, which incorporates the vendor’s T24 system; Insight BI for analytics; Temenos Connect for channels; and the TripleA portfolio management software that stems from Odyssey Financial Technologies, a wealth […]
When I first started travelling for my job, it wasn’t too afield. I was working in Australia so it involved trips to New Zealand, Singapore and not much more. However, in only a few years, my travel grew to where it became routine to visit the US, Germany and the UK, but with the aircraft […]
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Brexit threat to UK jobs at Visa Should I stay or should I go? Swift hackers steal $10m from Ukraine bank Massive attack. New challenger bank readies for launch in UK Atten-shun! UK military personnel, veterans and their […]
While the benefits of big data are well understood for compliance and fraud prevention, the technology can also deliver very useful insights into customer behaviour. Thanks to big data analytics, retail banks can monitor how customer behaviour evolves and any significant patterns that can inform which products to market and offer. In the UK, Lloyds […]
This great infographics, created by BTC Media, maps out the bitcoin and blockchain ecosystem of 2016 – it is a crowded metropolis! Click on the image to enlarge. Source: BTC Media, LLC
Symitar, a credit union software subsidiary of Jack Henry, has teamed up with a think tank, BIG, for an initiative called Financial Innovations Voice Experience (FIVE). FIVE explores the possibilities that voice-based personal assistants such as Amazon’s Echo and Microsoft’s Cortana can bring to banking. Symitar’s Episys core processing system is being integrated with these […]
Challenger banks have turned their attention to artificial intelligence (AI) as they seek to provide a more personalised approach to banking. German digital bank Number26 has launched Pulse26, a new app that uses AI to provide updates based on the customer’s personal banking history. Number26 says the more a customer uses their account, the “more […]
Banco CTT, a new bank recently launched by CTT Correios de Portugal, the Portuguese post office, has developed a new customer onboarding platform. The platform promises to complete the opening of a new account at Banco CTT in just 20 minutes online. It has been developed together with a local software specialist, Novabase. It is […]
Fiserv has launched Notifi, a platform for the delivery of real-time alerts for retail and SME bank customers. Home Federal Bank and C&F Bank are among the first takers. The solution consolidates information from across a financial institution’s systems – including core account processing, online banking and mobile banking, lending software, debit and credit cards […]
Zurich-based non-profit organisation, openfunds, has created a global standard for the characterisation of investment funds. The goal of the new standard is to improve efficiency, transparency and reliability by eliminating potential sources of error and ambiguity during fund data interchange. Openfunds is now calling for a global adoption of the standard. The standard is published […]
The technology world is evolving from a cathedral-like structure dominated by major technology vendors such as Oracle, Microsoft and IBM, to a bazaar-like ecosystem where new paradigms, platforms and tools emerge constantly and are adopted quickly. Though it is a cliché to say that the pace of change is accelerating in IT, it is also […]
During the two-day MoneyConf event in Madrid, there was an exclusive Banking Technology interview with Matteo Cassina, member of the global executive committee at Saxo Bank. Deputy editor Antony Peyton spoke to him about his opinions on the show and the industry. In terms of MoneyConf 2016, Cassina says: “I do believe there are a […]
Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Visa Inc completes acquisition of Visa Europe Together again. Virgin Money UK in new banking software search Another one of Branson’s ventures. BIL embarks on major technology overhaul with Temenos Second time lucky? MoneyConf 2016: Woe to the […]
Cyprus-based wealth and fund manager Total Capital Resources (T.C.R.) International is automating its ops with the IMSplus system, supplied by Profile Software. T.C.R. provides fund set-up, administration and management, portfolio management and brokerage services, with access to all major exchanges, OTC markets and non-listed instruments. Profile’s flagship investment management platform, IMSplus, was selected “following an […]
This nifty infographics, courtesy of MBNA, is a whistle-stop tour of credit wonder and woe over the last 4,000 years – from ancient Babylon to modern Britain – and what people had to do to get a little credit.
The five-year agreement combines Wirecard software and Verifone devices, with Indonesia as the first target market. The strategic alliance will see the Indonesian subsidiary of Wirecard, PT Prima Vista Solusi, collaborating with the local operations of Verifone. Steve Aliferis, president of Verifone Asia Pacific, says that the company is now establishing “a local team and […]
Markit, an international provider of financial information services, is buying Prism Valuation, a specialist in independent valuation and risk analysis of derivatives and structured products. Markit says this acquisition will complement its portfolio valuations service, as it will provide enhanced coverage of complex OTC derivatives and structured OTC products. It will also expand Markit’s customer […]
A host of major banks have adopted Ripple to improve their cross-border payments, the vendor says, and many have completed trial blockchain projects. The latest banks to join Ripple’s network are Santander, UniCredit, UBS, ReiseBank, CIBC, National Bank of Abu Dhabi (NBAD) and ATB Financial. Ripple says its network now includes 12 of the top […]
Digital technology is increasingly seen as the key to transforming banking into a customer-focused industry befitting the modern age, and a new role of chief digital officer (CDO) has evolved to help implement this change. However, although many banks have used IT to build more customer-friendly interfaces on apps and websites, there is scope to […]
Jiffy – the instant mobile payments service developed by SIA – is coming to Italian stores. The person-to-business (P2B) project is piloted in Milan and Bergamo, allowing customers to pay via app at participating retail outlets authorised by UBI Banca. SIA says that “other major Italian banks have expressed interest in offering P2B the service […]
European Securities and Markets Authority (ESMA), a pan-European financial regulatory body, has finally approved CME Group’s application to offer central counterparty (CCP) services in the EU. The temporary approval was granted last autumn, but it is only now that ESMA has added CME to its list of recognised CCPs for Europe on a permanent basis. […]
DB1 Ventures is Deutche Börse’s new dedicated corporate venture capital platform, set up as part of the group’s “Accelerate” growth strategy. The DB1 Ventures team will be primarily based in Frankfurt and will undertake new investments and also manage Deutsche Börse’s existing minority shareholdings. “DB1 Ventures will invest only in areas that are strategic to Deutsche […]
Visa Inc and Visa Europe are united again. The combined company provides digital payment products, services and processing to about 17,100 financial institution clients and partners, 40+ million merchant outlets, and three billion Visa accounts worldwide. The company says its branded cards and payment products amount to approximately $6.8 trillion in global payments volume annually. […]
Project Sentinel, a collaborative initiative by a group of banks to mutualise the cost of MiFID II implementation in the OTC front office, has announced the creation of a normalised regulatory data model that assists investment firms to meet their MiFID II OTC sales and trading requirements. Etrading Software, which has the project management office […]
Subas Roy, director in EY’s financial services practice, explains how regtech can help and how to avoid the pitfalls. Most of the business leaders that I interact with these days often use two terms, “digital innovation” and “regulatory compliance”. I wonder if they are intrinsically linked? Indeed, successfully addressing multitude of regulatory risks can be […]
Today, 20 June, sees the England-Slovakia game of the 2016 UEFA European Championship in France. In the spirit of that football tournament, PPRO has created an e-commerce guide to these two countries. Click here to see all the countries: Euro 2016
