In what could be the initial signs of distress in the newly conceptualised payment banks (PBs) in India, Aditya Birla Idea Payments Bank Ltd (ABIPBL) has shut shop. The...
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Indian leading converged payment solution company Razorpay, said that the country has witnessed a 40 per cent growth in digital transaction in the second quarter of 2019 compared to...
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UK-based Currencycloud, a payment platform that serves businesses by providing payment solutions has partnered with Visa Inc. to drive further innovation in cross-border and travel payments. The overall agreement...
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Nasdaq and the Iraq Stock Exchange(ISX) have signed an agreement for the extension of their market technology relationship, under which, Nasdaq will continue to provide ISX with a matching...
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SME- focused credit risk assessment fintech Wiserfunding has selected modefinance, an AI-fintech firm for a strategic partnership in a bid to create a solution that facilitates the dialogue between...
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National Australia Bank has recently announced the appointment of Ross McEwan as Group Chief Executive Officer and Managing Director. The New Zealand born banking executive has previously been appointed...
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ICICI Bank has announced the launch of an MSME & self-employed customers focused digital platform ‘InstaBIZ’ with an aim to allow consumers to leverage ICICI’s products and services on...
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Florida based fintech, NYMBUS, a financial services platform which creates solutions for banks, has recently announced Joerg Richter as its new Chief Operating Officer for Platforms. In his new...
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US-based core fintech provider, Urban FT Group has acquired a Remote Deposit Capture (RDC) solutions provider, CFC Technology Group in a bid to enhance its standing in the digital...
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Norwegian fintech Payr, a mobile banking and product comparison app and Hudya, a Norway-based startup providing a two-sided marketplace for consumers for all sorts of utilities have merged together...
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Malta-based Credorax has announced a partnership with Cisco in a bid to upgrade its data-centre network’s capabilities and capacity. Through this agreement, Credorax will be able to utilize Cisco’s...
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Russia-based Avelacom, the IT infrastructure provider for the financial services industry, has recently added Gemini Trust Company LLC as its digital asset exchange and custodian, to its list of...
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Wolters Kluwer’s has announced that China Merchants Bank has selected its OneSumX for Regulatory Reporting in a bid to provide regulatory reporting software in the US. “The comprehensive features...
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Indian online investment advisory firm Capital Quotient has partnered with IDFC Bank to launch a digital payroll-based program for the workforce employed in the small and medium sized enterprises...
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UK-based Ebury, a financial services company has announced a strategic partnership with Spanish based bank, Unicaja Banco. The agreement will enable Unicaja to offer international payments and cash management...
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Financial technology company, FNZ, has acquired UK-based wealth management platform provider JHC Systems in a bid to combine the two UK-based broking platforms as well as their respective customer...
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Australian challenger bank 86 400 is officially Australia’s newest bank, that has been granted a full Authorized Deposit-taking Institution (ADI) license by the Australian Prudential Regulation Authority (APRA). It...
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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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