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Trouble in the R3 paradise?
Trouble in R3 paradise? More than 60 of financial institutions around the world (including many top-tier banks) are involved in the R3 consortium, with considerable financial and resource commitments....
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Configo launches site to aggregate banks’ API portals
One webpage to aggregate all the API portals Fintech start-up Configo has launched a project to aggregate the API portals created by financial players around the world. “We’ve seen a lot of financial...
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Ujjivan converts into small finance bank; picks FSS for “payments in a box”
Ujjivan Financial Services picks FSS for “payments in a box” India-based microfinance entity Ujjivan Financial Services is converting into a small finance bank (SFB), and has signed for Financial...
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Fintech funding round-up: 19 October 2016
Good ideas can bring good money Want to save some time but be in the know of the latest funding initiatives in the fintech space? Then read on. Cross-border B2B payments network PayCommerce has...
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Payments app Circle launches in Europe
Payments services provider Circle has commenced its operations in Europe, starting with euro availability in Ireland and Spain. Circle says that, being an EU-licensed e-money issuer, it will commit to...
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Accenture and Capgemini to work on Bank of Ireland’s tech revamp
One of Ireland’s “big four” banking players, Bank of Ireland, has embarked on a five-year €500 million modernisation initiative – aka Project Omega. It includes a front-to-back office technology...
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Commerzbank in major job cutting spree
Commerzbank to lay off thousands of staff Commerzbank has firmed up plans to lay off nearly 5,000 people, Bloomberg reports. According to a letter by German labour union Verdi, the majority of these...
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Visa and Chain team up for new B2B blockchain payments platform
Visa and Chain to build new blockchain payments system Visa has unveiled Visa B2B Connect, a new blockchain-based platform that it is building with US-based blockchain specialist Chain Inc. At present,...
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ST Bank to overhaul legacy tech with Oracle FSS and JMR Infotech
New core banking software project in Laos for JMR Infotech Laos-based ST Bank is replacing its legacy systems with solutions from Oracle FSS and JMR Infotech. On the way out is the Smartbank core...
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UK challenger banks: who’s who (and what’s their tech)
UK challenger banks: who is who With so many new entrants trying to muscle into the UK banking sector, Banking Technology has put together a comprehensive list of the known challengers to date and the...
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UK bank challenger Monzo raises £4.8m in latest funding round
Challenger bank Monzo valued at £50 million Mobile-only challenger bank Monzo has raised £4.8 million in an “interim” funding round led by Passion Capital. The bank is now valued at £50 million (in...
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HSBC Private Bank live with new core banking system, Avaloq Banking Suite
New core banking system live at HSBC Private Bank Global giant HSBC has deployed Avaloq’s flagship core banking solution, Avaloq Banking Suite, for its private banking operations. The system is now...
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New bank in Iraq selects BML Istisharat’s ICBS core banking system
New core banking software project for BML Istisharat in Iraq Cortas Islamic Bank, a new Iraqi bank based in Erbil, has selected the ICBS core banking system from regional supplier BML Istisharat. It...
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Envestnet Yodlee extends tie-up with Backbase, unveils updates
Envestnet Yodlee has extended its partnership with omnichannel banking specialist Backbase. The two companies have been collaborating for some time. With the new agreement, Backbase will be providing...
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Sberbank picks software and service providers for major tech overhaul
Sberbank HQ, Moscow Russia’s largest banking group, Sberbank, has concluded its tender to find software and processing systems developers to revamp its retail and corporate banking tech. The entire...
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Banca Consulia in tech overhaul with ERI’s Olympic core banking system
New core banking project for ERI in Milan, at Banco Consulia Banca Consulia has implemented ERI’s Olympic core banking platform for advisory services. As reported earlier by Banking Technology,...
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First National Bank modernises digital banking with Ubanquity
Ireland-based digital banking software vendor Ubanquity gains new client in Lebanon Ireland-based Ubanquity Systems has signed First National Bank (FNB) in Lebanon for its digital banking software. It...
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European Association for Biometrics conference: exciting times ahead
European Association for Biometrics: eyeing excitement European Association for Biometrics (EAB) has recently conducted a one-day seminar in London on what’s hot in the world of European banking...
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Discovery step closer to obtaining banking licence
New retail bank coming to South Africa South Africa’s insurance group Discovery has received the green light from the regulators to set up a bank – the anticipation is that a banking licence will be...
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Digital agency Degree 53 builds mobile apps for CardOneBanking
CardOneBanking got new mobile apps CardOneBanking, a UK-based current accounts and payments services provider, has launched new mobile banking apps built by Degree 53. The apps are available on iOS and...
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