Banking TechRSS

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 technology they are using.

Finastra gains new digital banking tech project in Libya

New banking tech project for Finastra in Libya

Libya-based Bank of Commerce and Development (BCD) has signed for Finastra’s front-end software to launch a new online and mobile banking platform.

Al Qurtas Islamic Bank live with new core banking system, BML Istisharat’s ICBS


A start-up bank in Iraq, Al Qurtas Islamic Bank, has gone live with its core banking system, ICBS, supplied by a Lebanon-based banking tech vendor, BML Istisharat.

Indian Overseas Bank signs for Nelito’s data archival and retrieval tech

Indian Overseas Bank logo

Mumbai-based Nelito Systems has bagged a multi-country deal with Indian Overseas Bank (IOB) for its Findart data archival and retrieval solution.

Bank of Scotland pilots AI tech for customer iPhone chat

Fancy a chat?

Bank of Scotland, a subsidiary of Lloyds Banking Group, has launched a pilot artificial intelligence (AI) project – a virtual assistant for customers using the iPhone app.

Krungsri and IBM apply blockchain to related party transactions


Thailand-based Krungsri (Bank of Ayudhya) and IBM have completed a blockchain pilot project to streamline the bank’s contract management process across its offerings.

Wirecard provides paytech to Orange Bank

Orange Bank

France’s latest mobile bank, Orange Bank, is getting its mobile payment and banking services underpinned by Wirecard. The paytech vendor says it is providing “all the technical components integrated into the Orange Bank platform to manage their mobile payments”.

OCBC Bank first in Singapore to launch face ID recognition for mobile app


OCBC Bank’s retail and business banking customers can now log into the bank’s app via a selfie, if they use Apple iPhone X. The bank says it’s the first in Singapore to offer such biometric tech.

Bar Harbor Bank & Trust in core banking tech overhaul with Jack Henry

Bar Harbor Bank & Trust live with new core banking tech

Bar Harbor Bank & Trust has implemented new core banking software, Jack Henry & Associates’ Silverlake, provided on an outsourced basis.

Co-op Money NZ moves credit union members to new core banking system, Flexcube

NZCU Baywide in core banking tech revamp

Another member of Co-op Money NZ, the industry body for New Zealand’s credit unions and mutual building societies, is due to go live with a new core banking platform, Oracle FSS’s Flexcube.