Nordea Liv, a life insurance arm of Nordea, has worked with Norwegian fintech start-up Spiff to create a new app that will motivate customers to save money to reach goals.
Switzerland’s Valiant Bank has selected the Backbase Omnichannel Banking Platform for its banking systems upgrade. The platform will help the bank drive “customer engagement” and “increase manageability across its different channels”. Matthias Häfner, head of digital banking at Valiant, says it chose Backbase “due to its expertise in providing a single omnichannel platform, which will […]
Erste Group Bank has opted for Asset Control’s AC Plus financial data management platform to support its PRIIPs and MiFID II regulatory requirements.
Bank of Cyprus has selected Dovetail’s payment solution to support Swift, Target2, SEPA credit transfer and direct debits. The project is part of the bank’s ongoing digital transformation programme. Dr Andreas Stylianou, manager organisation and change, Bank of Cyprus, says: ‘Payments are the life blood of our business. We needed a modern, proven payments solution […]
Berlin-based SolarisBank has raised €30 million in its series B funding round as it targets European expansion, according to a “confidential source that’s close with the company”. Funds raised came from German and UK venture capital firms. The official press release is expected in the next two weeks, where Solaris will announce its new partners, […]
Misys has announced Poland-based Alior Bank has signed for FusionCapital “to fuel continued rapid growth” (everyone, get your marketing jargon bingo cards ready!). What the announcement fails to mention is that Alior has already been using one of Misys’ treasury and capital markets (TCM) solutions, Opics, for nearly a decade. Opics is now known as […]
Avaloq has reported increases in its revenue and earnings for the 2016 fiscal year – with three new customers and 28 go-live projects completed. The Swiss firm generated full year revenues of CHF 533 million ($530 million) in 2016, an increase of 10% on a reported basis from CHF 485 million ($482 million) in the […]
Start-up DiPocket has unveiled its new mobile banking app, which is not dependent on third party IT systems but built on its own platform. As well as “challenging” the traditional high street banks with its technology, DiPocket thinks it “has a thing or two to teach other ‘neo-banking’ start-ups”. Fedele Di Maggio, CEO and co-founder […]
Brainy boffins have developed a mathematical algorithm that could boost new cryptocurrency Zcash‘s prestige and topple Bitcoin’s crown. Scientists at the Interdisciplinary Centre for Security, Reliability and Trust (SnT) of the University of Luxembourg have created the algorithm – Equihash – a core component for Zcash, which “offers more privacy and equality than the famous […]
Banks need to do more than just comply with the upcoming revised Directive on Payment Services (PSD2). To survive, banks will need to embrace these changes.