About 76 percent of Indians are financially illiterate and have no idea about personal finance hence making it a huge opportunity for companies in the investment-tech space, feels Smriti...
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California-based Workato, an enterprise automation platform has secured $70 million in Series C funding led by Redpoint Ventures. The company also saw participation from Norwest Venture Partners, Geodesic Capital,...
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UK-based online mortgage broker Mojo Mortgages has announced the launch of its market service, MortgageScore in partnership with Credit Kudos. The new service, powered by Credit Kudos’ open banking...
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China’s proposed digitized domestic currency is not a bid to gain full control of information belonging to the general public, a senior central bank official said, news agency Reuters...
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The Ohio-based lending startup, Lower.com has hired Will Burrus as the new Chief Technology Officer (CTO). Will is a technology entrepreneur, executive, and speaker known for taking complex technical...
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Stax Inc, a global strategy consulting firm has zeroed in on the expert relationship management (ERM) solution by primary research provider Coleman Research, to digitize its research data and...
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Private sector lender Yes Bank has launched ‘YES Fintech Developer‘, an API sandbox with 50+ virtual APIs. The sandbox, that was launched last week in Bengaluru, builds on the...
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London-based ‘buy now, pay later’ supplier, Laybuy has announced a partnership with TONI&GUY with an aim to introduce a simplified and enhanced payment method for the latter’s customers in...
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ATB Financial has acquired the technology assets of Vancouver-based FinTech startup Grow Technologies Inc, to offer a revived digital experience to its customers. The company recognized its customers’ need...
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Avaloq has announced that its e-banking solution has gone live at the Swiss universal bank Thurgauer Kantonalbank. The solution has been integrated in the bank’s customer portal OLIVIA and...
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In order to expand its reach, Galileo Financial Technologies Inc has opened two new offices in San Francisco and New York City. The company chose San Francisco as a base for its...
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London-based financial data marketplace IOWA.rocks has announced a partnership with technology firm Codel in a bid to allow users to access new and specialist content along with complementary products...
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In October, the European Banking Authority (EBA) finally revealed the extended deadline for the migration to stronger customer authentication (SCA) under the revised Payment Services Directive 2 (PSD2) now set for 31 December 2020.
Read MoreTech is disrupting the conventional banking sector from back office core banking to customer-facing processes. Islamic banking is no different. Wael Malkawi, executive director at ICS Financial Systems (ICSFS), spoke with IBS Intelligence about how technology has disrupted Islamic banks in recent years.
Subscribe to read moreAt SIBOS 2019 in his View from the Top, Deutsche Bank CEO Christian Sewing outlined his aims for the bank's tech investment and what Europe at large needs to do to stay relevant in a tech-based future.
Read MoreGiven the strictures in the Quran about usury and the sharing of profit and loss, the development of a thriving Shariah compliant Islamic finance sector may seem inevitable. Indeed, the annual growth rate of Islamic finance has regularly outstripped the percentage growth rate in conventional finance. However, coming from a very low base, Islamic finance remains a small percentage of overall global financial assets and growth has slowed in recent years.
Subscribe to read moreBill Winters CBE was appointed group chief executive of Standard Chartered PLC in June 2015 and chief executive of Standard Chartered Bank in April 2019. Describing Standard Chartered as 'a mid-sized global bank', Winters said the bank has stepped up its investment in technology 'dramatically'.
Read MoreThese low-value tailored insurance products for individuals with little or small saving plans have seen a lot of success, growing at an average annual rate of 8-10%, especially within emerging and underdeveloped economies. However, sustainable future growth of this model of insurance requires a highly cost-optimised economic operation, large-scale adoption and quick resolution of claim payments, all of which rely heavily on technology to be successful.
Subscribe to read moreThis section is a monthly snapshot of activity in the banking technology system space. This is useful for anyone who wants to track banking system sales on a regular basis. The Who’s Bought What provides all the key details of the deal such as the bank that bought the system, the type of system, the supplier and the system name, and the country of sale.
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