FinReach extends digital reach to Austria and Spain

German digital account exchange provider FinReach has expanded into Austria and Spain – meaning its service is now used by over 500 banks in three countries. In Austria, FinReach has partnered with, amongst others, banking group Raiffeisen Austria, which includes 434 banks and has 1.7 million customers. In terms of the Spanish market, Self Bank, […]

Commerzbank processes first BPO live transactions in Austria

Commerzbank has processed the first bank payment obligation (BPO) transactions in Austria, covering the import of bus components from Germany and Italy. The buyer, a customer of Commerzbank Austria, is TAM-Europe, located in Slovenia. The suppliers are MAN Truck & Bus, headquartered in Munich, and ISAF Bus Components, an Italy-based supplier and customer of UniCredit. […]

SIX’s payments offer cashless waltz for Vienna Life Ball

SIX Payment Services (SIX) has enabled the Vienna Life Ball in Austria to be cashless for the first time in its history. The Life Ball is an annual AIDS charity event, and 110 cashless point of sale (POS) terminals were installed, configured and serviced by SIX, across the whole arena. There were also 30 top-up […]

Concardis brings Alipay to Austria and Switzerland

German payment service provider Concardis is bringing Chinese mobile payment solution Alipay to Austria and Switzerland. Clothing brand Gössl will be the first merchant in Austria to let Chinese citizens pay via smartphone and the Alipay app. The roll-out in the Swiss market is planned for October this year. In Germany, Concardis says it has […]

Austria’s Raiffeisen revamps trade finance tech with Intellect

Five Austrian Raiffeisen regional banks and Raiffeisen Bank International will implement Intellect Design Arena’s digital trade finance platform as the group looks to standardise its operations. Raiffeisenlandesbank Niederösterreich-Wien, Raiffeisen-Landesbank Steiermark, Raiffeisenlandesbank Oberösterreich, Raiffeisen-Landesbank Tirol and Raiffeisenlandesbank Vorarlberg Waren- und Revisionsverband regristrierte Genossenschaft mit beschränkter Haftung and Raiffeisen Bank International (RBI, a large banking group in […]

Erste Bank: video identify yourself!

Austria’s Erste Bank und Sparkassen can now verify new customers’ IDs via video. The functionality has been developed with specialist provider IDnow and introduced just a few weeks following the approval by the country’s Financial Market Authority (FMA).

Avaloq has a breakthrough in Austria with two new core banking software clients

Private banking software vendor Avaloq is to gain two sites in Austria for its flagship core banking system, Avaloq Banking Suite. These are at the Austrian operations of LGT and Liechtensteinische Landesbank (LLB). Both banking groups originate from Liechtenstein and both are long-standing users of Avaloq Banking Suite at home and Switzerland. LGT also runs […]