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ECB to develop service for settlement of instant payments

ECB goest to market for new treasury management software

The Governing Council of the European Central Bank (ECB) says it will develop a new service for the settlement of instant payments. The new service, Target instant payment settlement (TIPS), will enable citizens and firms to transfer money between each other in real-time and will be available around the clock, 365 days a year. The […]

Workup a fintech sweat with Isbank’s start-up programme

isbank

Turkey’s largest private bank, Isbank, has unveiled its entrepreneurship programme for fintech start-ups in the country. Since forming an innovation team within its Digital Banking Unit, the bank says it has become “much closer” to tech entrepreneurs in the republic. The innovation team is working remotely at Kolektif House Levent (a co-working space for Turkish […]

Sberbank implements risk management system with Numerix

sberbank

Russia’s largest banking group Sberbank has completed the implementation of its bank-wide technology programme focusing on automating its financial market risk management system. As part of the multi-year project, Sberbank built a technology platform which included IT systems and modules allowing the management of various types of risks, namely credit and market risks. The platform […]

Brokers are jokers with Trading 212 zero commission service

Trading 212

Don’t go for broke or a broker – Trading 212 has unveiled the UK’s first zero commission share trading platform. The firm says it allows investors to make ten trades per month and up to £10,000 equity per trade commission free, which it estimates will cover the needs of approximately 90% of its customers. To […]

EBank deploys Fiorano enterprise service bus

♫ That's why I'm easy,
I'm easy like Sunday morning ♫

EBank, a new bank in Namibia, has implemented Fiorano ESB, an enterprise service bus to “seamlessly integrate” the bank’s core processing software – Temenos T24 – with other third-party systems and channels, with a major focus on digital banking.

FinTech Australia releases fintech ecosystem map

Australia's central bank in AU$13.6m tech overhaul

Industry body FinTech Australia has released its first member ecosystem map, to show the nation’s “strengths and diversity”, particularly in wealth generation and lending. The map (see image below) lists 119 members of FinTech Australia, along with the nation’s key financial services regulators. Danielle Szetho, FinTech Australia CEO, says: “The broad range, depth and quality […]

Mastercard and Western Union designing digital solutions for refugees

mastercard

Mastercard and Western Union have teamed up to help refugees around the world access goods, services and financial services within refugee settlements. Paybefore, Banking Technology‘s sister publication, reports that the partnership will explore ways to use a digital model to serve the more than 65 million people around the world currently displaced from their homes […]

Fintech funding round-up: 22 June 2017

funding

It was only yesterday we did a fintech funding round-up. But as there’s a mad dash for cash, here’s another one. Features Digital Financial Services Lab, TrueLayer and Enterprise Ireland. Digital Financial Services Lab (DFS Lab) will invest $250,000 in four separate fintech start-ups that are building products to help low-income consumers in developing markets. […]

Commercial banks join the retail revolution: three reasons to consider transformation

Rina Pandalai, SapientRazorfish

Long-term growth will require the commercial banking industry to embrace digital transformation in a way that benefits the institutions’ stakeholder base and satisfies the needs of its end-user clients. And here are three reasons why a commercial bank should consider transformation.

Case study: Valley National Bank – cloud atlas

Robert Bardusch, Valley National Bank

Valley National Bank, a $23 billion regional bank holding company headquartered in northern New Jersey, is undertaking a widespread technology refresh to improve customer experience and profitability.

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