Articles with tag like: bank

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Brazil president to sign central bank autonomy bill

News | Online & Mobile Banking | 23 Feb 2021

Brazil's president Jair Bolsonaro has decided to sign into law the legislation recently approved by Congress that grants full autonomy to the country's central bank, according to Nasdaq.

Brazil, central bank, autonomy, legislation, Central Bank of Brazil, bank

Bud partners with New Zealand-based bank ANZ

News | Online & Mobile Banking | 18 Feb 2021

Open Banking provider Bud has announced plans to enter New Zealand to help bank ANZ NZ automate more of its lending, according to AltFi.

Bud, ANZ, New Zealand, Open Banking, online banking, bank

Tinkoff, oneFactor partner to provide credit-scoring solution

News | Digital Identity, Security & Online Fraud | 16 Feb 2021

Russia-based digital bank Tinkoff has started to use an AI-powered predictive analytics tools, based on combined data from multiple sources, according to the official press release.

Tinkoff, oneFactor, Russia, credit scoring, platform, Europe, digital banking, bank, AI, analytics

Plaid, Atom bank to simplify SME lending in the UK

News | Online & Mobile Banking | 16 Feb 2021

App-based bank Atom has partnered with Open Finance platform Plaid to roll out Open Banking services to its customers, according to the official press release.

Plaid, Atom, bank, SME, lending, UK, Open Banking, Open Finance, payment initiation

Increased costs for EUR payments from UK post Brexit, Banking Circle says

News | Payments General | 12 Feb 2021

Cross-border payments service provider Banking Circle has identified an issue affecting some financial institutions handling cross-border transactions from the UK to the EU. 

Banking Circle, UK, Brexit, payments, cross border payments, SEPA, bank

Commerzbank suffers USD 3.3 bln Q4 loss amid restructuring and COVID-19

News | Payments General | 11 Feb 2021

Germany-based Commerzbank has declared a USD 3.3 billion loss in the fourth quarter of 2020, as the lender undergoes major restructuring and deals fallout from the pandemic, according to Reuters.

Commerzbank, loss, restructuring, COVID-19, bank, Germany, pandemic, lender, branch closure, mBank

Sberbank to invest USD 400 mln in ecommerce

News | Payments General | 01 Feb 2021

Russia-based Sberbank has announced a USD 400 million investment in the online retail space as it seeks to become one of the country’s leading ecommerce players, according to Moscow Times.

Sberbank, Russia, investment, ecommerce, online retail, online shopping, Goods.ru, Sber, financial institution, bank

FIs partner with Jack Henry to use EMV contactless cards

News | Cards | 21 Jan 2021

Jack Henry has announced that an increasing number of financial institutions are using its EMV contactless cards, according to the official press release.

financial institutions, United States, US, Jack Henry, EMV, contactless, cards, contactless payments, debit, credit, CPS, bank, credit union, COVID-19, pandemic

Temenos launches Enterprise Pricing solution for banks

News | Online & Mobile Banking | 19 Jan 2021

Temenos has launched its Enterprise Pricing solution, which enables banks to develop innovative products, services, and product bundles, according to the official press release.

Temenos, Temenos Enterprise Pricing, bank, legacy system, modernisation, fintech, neobank

Onfido, Vodeno partner with challenger Aion Bank

News | Online & Mobile Banking | 19 Jan 2021

Onfido and BaaS platform Vodeno have partnered with Belgium-based challenger Aion Bank to develop further digital banking and ID verification capabilities for the bank, according to an official press statement.

Onfido, Vodeno, Aion Bank, Belgium, Banking as a Service, BaaS, digital banking, ID verification, bank, core banking, KYC

Capital One fined for violating US anti-money laundering law

News | Digital Identity, Security & Online Fraud | 18 Jan 2021

Capital One Financial, a US-based credit card firm, has been fined USD 390 million for engaging in what the US government called wilful and negligent violations of the Bank Secrecy Act, according to Reuters.

Capital One Financial, FinCEN, Bank Secrecy Act, money laundering, financial crime, bank, US, fraud prevention

Goldman Sachs looks for deals to boost Marcus, Reuters

News | Online & Mobile Banking | 15 Jan 2021

Reuters has cited sources stating that Goldman Sachs is considering acquisitions to improve its consumer banking unit Marcus, after slowing loan and deposit growth in 2020 amid pandemic.

Goldman Sachs, Marcus, consumer banking, loan, deposit, pandemic, bank, M&A, digital banking

Heritage Bank, Experian to improve loans process for borrowers

News | Payments General | 14 Jan 2021

Australia-based Heritage Bank and Experian have plans to launch a new loans origination platform that will reduce processing time for the average home loan application by up to 80%.

Heritage Bank, Experian , loan, borrower, Australia, loan application, eligible loans, bank

Surecomp, Absa Group to roll out pan-African trade finance digitisation across 10 countries

News | E-invoicing, SCF & E-procurement | 12 Jan 2021

Canada-based trade finance solutions provider Surecomp has announced that South Africa-based bank Absa Group has implemented its back-office trade finance solution IMEX in 10 countries.

Surecomp, Absa Group, Africa, trade finance, digitisation, IMEX, South Africa, bank

Revolut rolls out Confirmation of Payee in the UK

News | Digital Identity, Security & Online Fraud | 12 Jan 2021

Revolut has announced the launch of Confirmation of Payee for its more than three million UK-based retail customers, according to the official press release.

Revolut, UK, Confirmation of Payee, Pay.UK, retail customers, anti-fraud, payments, bank, PSP, payer, APP fraud, Modulr

Jack Henry enhances PPP lending solution to support local businesses

News | E-invoicing, SCF & E-procurement | 11 Jan 2021

US-based PSP Jack Henry has expanded its Paycheck Protection Programme (PPP) loan solution with a borrower-facing digital interface to capture the application and supporting documents. 

Jack Henry, US, PPP, lending, paycheck protection programme, local business, SMB, PSP, loan, borrower, pandemic, fraud, bank, credit union

Emirates NBD introduces digital ID verification

News | Digital Identity, Security & Online Fraud | 11 Jan 2021

Emirates NBD has announced that its customers can now have their ID verified using contactless NFC technology when opening a bank account via the bank’s Mobile Banking App.

Emirates NBD, bank, online, Dubai, contactless identity verification, innovation, TruID, NFC, onboarding, MENA

Greece-based bank loans subject to COVID-19 repayment relief hit USD 37 bln in 2020

News | Payments General | 06 Jan 2021

Greece-based banks have deferred repayments on USD 36.85 billion worth of loans in 2020 to help borrowers cope with the financial fallout of the COVID-19 pandemic, according to Yahoo Finance.

Greece, bank, loans, COVID-19, repayment, borrower, pandemic, European Banking Authority

South Koreans to order food via bank apps in 2021

News | Online & Mobile Banking | 04 Jan 2021

South Korea’s top financial regulator has announced lenient regulations in 2021 to foster convergence between finance and new technologies, according to The Korea Herald.

South Korea, bank, app, banking, Food Order, FSC, Open Banking, financial institutions, COVID-19

EIB, Banque Misr to help Egypt-based SMEs post-COVID-19

News | E-invoicing, SCF & E-procurement | 04 Jan 2021

The European Investment Bank has provided Banque Misr with a EUR 425 million credit line to support Egypt-based SMEs to recover from the coronavirus pandemic.

EIB, Banque Misr, Egypt, SME, COVID-19, credit line, coronavirus, pandemic, European Investment Bank, lending, bank