Cash Suvidha, an Indian NBFC and FinTech company extending business loans to MSMEs and personal loans to individuals, has raised USD 2.3 million in debt in the first quarter...
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Last week was a bit tense moment for the India’s payments bank (PB) ecosystem after one of the major player Aditya Birla Payments Bank shut its operations. Several questions...
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London, UK based Torstone Technology, provider of post-trade securities and derivatives processing, has announced Dutch bank NIBC has completed a migration to Torstone’s post-trade processing platform, Inferno. Brian Collings,...
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Mastercard has partnered with Nationwide as it prepares to launch a new business banking service targeting Britain’s 5.6 million small businesses. The partnership is founded on the mutual ambition...
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Metro Bank has recently announced two new leadership appointments to its Executive Committee, Cheryl Newton will be joining as Chief Information Officer (CIO) and Daniel Frumkin as Chief transformation...
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Equifax has agreed to pay at least $575 million, and up to $700 million, to settle enforcement actions with 48 US states and territories, the Federal Trade Commission, and...
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Chicago, USA based Kaufman Hall, provider of enterprise performance management software, data and management consulting services, has announced its partnership with Pennsylvania based First Commonwealth Bank. This partnership will...
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Five large Indian public sector banks (PSBs) have created a partnership to extend the amount of in-principle digital loans up to INR 50 million to the MSME borrowers in...
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Shattering the hopes of several cryptocurrency enthusiasts in the country, the Indian government has outrightly recommended a ban on digital currency while suggesting the need for a possible official...
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India’s leading private lender Kotak Mahindra Bank has resumed opening of its digital savings account service 811 following a change in the regulation related to Aadhaar-based KYC (know your...
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OneConnect, a member of China’s insurance Ping A Group, has recently announced a strategic partnership with SBI Group to enter the Japanese market. The joint venture in Japan with...
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UK based fintech Onfido, an identity verification platform, has recently announced a partnership with Currencies Direct, an international payments provider, to power its identity verification for onboarding new customers....
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UK based challenger bank , Atom specifically built for mobile which offers personal and business banking products, has raised £50m in a fundraising round with participation from BBVA, Toscafund,...
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Las Vegas, US based SmartMetric, technology engineering, research and development company recently conducted an independent research and concluded that 80% of U.S. cardholders are concerned about credit card and...
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National Payments Corporation of India (NPCI) in partnership with Japan’s credit card company JCB International Co. Ltd. (JCBI) has launched a co-branded international credit card, RuPay JCB Global Cards....
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UK headquartered TSB Bank is a provider of banking products and services to personal and small business customers in the United Kingdom has recently conducted a research which concluded...
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VC backed blockchain fintech company R3, which designs and builds operating system for financial services announced the appointment of Cathy Minter as Chief Revenue Officer (CRO). Cathy will be...
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Blue Prism’s Linda Dotts on the strategic direction of the company Blue Prism, the veteran RPA solution specialist recently acquired SaaS-based RPA solution provider, Thoughtonomy. IBS Intelligence caught up with Linda Dotts, global strategy lead for partners and programs at Blue Prism to talk about the acquisition and the strategic direction of the company.
Read MoreRPA software company AutomationEdge exists in a fast-paced world where financial institutions are seeking to improve customer experiences and business efficiency. IBS Journal talks to CEO, Uday Birajdar, about the company’s plans.
Read MoreRobotic process automation (RPA) – the nirvana for banks struggling with process efficiency in a maze of complex legacy systems. Almost every bank or financial institution of reasonable standing is planning to or has already implemented RPA solutions in some shape or form within its organisation. Many have realised significant synergies from deploying an RPA solution with cost savings post-deployment reported to be as high as 60%.
Subscribe to read moreBML Istisharat completes Core Banking overhaul for Bank Simpanan Nasional Malaysia Bank Simpanan Nasional (BSN) offers conventional as well as Islamic banking products. The bank offers deposits, debit credit cards, loans, alternative banking channels and other banking services. It also provides financial planning, asset wealth management and financing solutions including micro finance products. BSN serves more than 14 million customer accounts, and operates 392 branches and 4,700 agents (EBB) in Malaysia and is headquartered in Kuala Lumpur, Malaysia. BSN was officially established in 1974 with its roots dating back to the late 19th century, when the first savings bank service opened in Perak and Selangor.
Read MoreThe Internet of Things (IoT), propelled by the boom in mobility and internet access around the world, has opened a whole set of new possibilities, but also comes with questions for the financial services industry that need to be answered. First, what is IoT? In essence, it is a term that denotes an interconnected world. Where devices, with embedded technology, know and identify each other, exchange data and react to them appropriately.
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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