Banking Archives

Blockchain adoption fast in banking and financial markets

International Finance DeskSeptember 29, 2016

by International Finance DeskSeptember 29, 2016

Some 65% of banks expect to be in production in three years September 29, 2016: Commercial blockchain solutions are rapidly being adopted throughout banking and financial markets, dramatically faster than initially expected, finds a new IBM study. Fifteen per cent of banks and 14 per cent of financial market institutions interviewed intend to implement full-scale,...

Banking

MSB: Aiming from Top 5 to the top in Vietnam

International Finance DeskSeptember 26, 2016

by International Finance DeskSeptember 26, 2016

Besides customers, Maritime Bank also wants its employees to stay forever September 26, 2016: Established in July 1991, Vietnam Maritime Joint Stock Commercial Bank (MSB) began a new era of development in 2005 when it shifted its base from Haiphong City to Hanoi. In 2015, MSB took a leap when it decided to merge with...

Banking

The Clearing House taps IBM for payment systems

International Finance DeskSeptember 22, 2016

by International Finance DeskSeptember 22, 2016

IBM Power Technology to deliver The Clearing House’s real-time payments system to US banks in 2017 September 22, 2016: IBM announced The Clearing House, a national payments system operator for the US banking industry, has selected it to help deliver a new real-time payments system. It is due to roll out in 2017. Set to...

Banking

FICO to provide decisioning platform for buddybank

International Finance DeskSeptember 20, 2016

by International Finance DeskSeptember 20, 2016

The facility will be only for smartphone users September 20, 2016: Analytic software firm FICO announced it is providing the decision management platform for UniCredit’s buddybank, a bank project exclusively designed for smartphones. Scheduled to launch in early 2017 in Italy, buddybank will use the FICO Decision Management Suite to instantly verify customers and manage...

Banking

Are banks ready for the era of open banking?

International Finance DeskSeptember 16, 2016

by International Finance DeskSeptember 16, 2016

The Open Banking Standard Group seems to be making headway in bringing more transparency and openness to the sector Winston Bond September 16, 2016: It has long been held that the workings of the financial sector are so opaque that the average person is more likely to get a divorce than to switch banking providers....

Banking

Tramonex selects Saxo Payments for cross border transfers

International Finance DeskSeptember 15, 2016

by International Finance DeskSeptember 15, 2016

Low fees, quick transfer times and leading FX rates benefit customers of international cash management solutions provider September 15, 2016: Tramonex, the international financial services provider, has partnered with global transactions services provider, Saxo Payments, for segregated client accounts in 25 currencies, and FX liquidity. As part of Tramonex’s vision to shift away from classical...

Banking

ABN AMRO engages with Verint Solutions

International Finance DeskSeptember 14, 2016

by International Finance DeskSeptember 14, 2016

Leverages solutions from Verint to improve response time and provide higher quality service September 14, 2016: Verint Systems announced that one of the Netherlands’ leading financial services organisations, ABN AMRO, is using its Verint Workforce Management software to enhance customer engagement processes. Leveraging the Verint solution, ABN AMRO has met an ambitious target of providing...

Banking

Digital banking: Fidor and GFT form partnership

International Finance DeskSeptember 13, 2016

by International Finance DeskSeptember 13, 2016

Both have already developed O2 Banking solution, Germany’s first mobile-only bank September 13, 2016: Fidor AG and GFT Technologies SE have reinforced their cooperation and signed a strategic partnership agreement to focus on developing mobile financial and banking apps, as well as the related sales and marketing. It’s an initial step to shape the next...

Banking

LANDBANK starts a revolution with digital banking

International Finance DeskSeptember 8, 2016

by International Finance DeskSeptember 8, 2016

Its Mobile Loan Saver program has become the most awarded digital banking innovation globally September 08, 2016: With the Philippines often dubbed as the ‘SMS capital of the world’ for its substantial mobile phone penetration, the Land Bank of the Philippines (LANDBANK) saw an opportunity to reach out to customers with their loan products via...

Banking

Lessons for the first-time adopters of IFRS

International Finance DeskSeptember 8, 2016

by International Finance DeskSeptember 8, 2016

Saket Modi There is evidence to suggest that the move has resulted in more comparable and more transparent financial statements June 1, 2016: The year 2015 was a historical one for the world of finance and capital markets. It marked the 10th anniversary of mandatory adoption of the International Financial Reporting Standards (IFRS) by listed...