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Absa launches ChatBanking for Twitter

Absa

South African banking heavyweight Absa has launched ChatBanking, the “first” service in Africa offering day-to-day banking from a Twitter account. As part of the “initial offering”, ChatBanking provides “actual and available” balance on a transactional account; ability to buy airtime or data for a cellphone registered to their account; and get a mini-statement showing most […]

Reserve Bank of India pushes for ATM revamp

India

The Reserve Bank of India (RBI) plans an overhaul of the country’s ATMs to enable the processing of EMV chip and PIN cards by 2017. The RBI says while India’s POS infrastructure accepts and processes EMV chip and PIN cards, the ATM infrastructure, “on the whole”, continues to process card transactions based on data from […]

Infographics: the seven deadly sins of quantitative data analysts

Quandl 7 sins of data analysts 1

Greed, gluttony, anger, envy and more. The seven deadly sins of quantitative data analysts put into a nifty graphics, courtesy of Quandl.  

Ipreo and Misys team up for syndicated loan solutions

David Levy, MD in the global markets group at Ipreo

Ipreo, a UK-based software firm, and Misys have signed an agreement to integrate Debtdomain and Misys FusionBanking LoanIQ for syndicated loan arrangers and agents. Mutual clients of Debtdomain and FusionBanking LoanIQ have previously integrated the products, but this deal will be the “first” that is jointly developed and supported by both Ipreo and Misys. David […]

Top fintech stories this week – 27 May 2016

Banking Tech 2

Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Swift hacks sees 12 more banks under attack A fast moving chain of events. High five for Apple Pay in Singapore Big banks onboard include OCBC and Standard Chartered. NYSE launches new trading tech platform, NYSE Pillar The […]

Profidata acquires German software fintech firm Abraxas

Swiss flag

Swiss firm Profidata has acquired the “entire shares” of Abraxas, a German software and service provider for the financial industry. With the deal going ahead, Profidata will get FundLine, used for processing mutual fund orders and calculating trailer commissions; and RiskLine, for consolidation and quality assurance of financial market data, automated checking of market conformity […]

Sungard out, Path Solutions in at Amãna Bank

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Sri Lanka-based Amãna Bank has gone live with new treasury and asset management software, supplied by Path Solutions. The new products, iMAL Islamic Treasury and iMAL AssetManagement, replaced a legacy treasury and equity management platform at Amãna. Banking Technology understands that this was Sungard’s Ambit Treasury Management. The new software interfaces to Swift and supports […]

Santander UK pilots blockchain app for payments

santander

Santander says it is the “first” UK bank to introduce blockchain for international payments through a new app. It is currently being rolled out as a staff pilot, with the intention to expand the technology “at a later date”. Sigga Sigurdardottir, head of customer and innovation at Santander, says: “The need for finance has evolved […]

Swift hacks sees 12 more banks under attack

Swift logo

Investigators are looking at more potential computer breaches following the three hacking incidents on Swift’s payment network, according to Bloomberg. The three attacks comprised a $101 million cyber heist in Bangladesh – the biggest cyber heist in history; Vietnam’s Tien Phong Bank stopping an attempted wire fraud; and Ecuador’s Banco del Austro losing around $9 […]

“Major changes” lead to losses for Lombard Risk

CEO Alastair Brown

Regulatory reporting software vendor, Lombard Risk, has revealed a loss before tax of £2.2 million in its fiscal year 2015/2016. The loss, for the period ended 31 March 2016, is a contrast to last year’s profit of £2.3 million. As a result of the loss it has suspended its final dividend payment. Adjusted EBITDA (earnings […]

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