Temenos supports Fin5Lab, a platform to help financial industry work with fintechs
The Switzerland-based company specialising in software for banks and financial institutions, along with Cisco and Deloitte Luxembourg and other enterprises, are participating in a platform supporting faster fintech procurement. The platform, dubbed Fin5Lab, acts as a sandbox and seeks to help institutions in financial services work in a more effective manner with fintechs through […]
Mitek and Autonomous NEXT analyse European digital lending landscape
Global identify verification provider Mitek Systems and Autonomous NEXT, which provides interconnected and independent insights on financial digitisation, have turned their minds to overviewing the threats and opportunities that online alternative finance is facing, and the scope of its influence in Europe. While the insight highlights the UK as leading investment into digital lending, the Netherlands has also benefitted […]
Wearable payments launched by ABN Amro
Following the success of a 500 consumer trials dating almost exactly one year ago, ABN Amro have offered the technology to all Dutch customers. Feedback illustrated positive affection for the convenient payments option, naming sporting and exercising users as major beneficiaries of not having to carry cards. A host of wearable accessories are integrable with […]
ING develops early warning system for credit risk
Customers and risk analysts alike are set for reprieve as ING has partnered with PwC and Google and developed an AI-driven early warning system (EWS) to gauge heightened credit risk. A task previously done manually, “The EWS scans financial and non-financial information, such as news items from all over the world,” explains Anand Autar, project leader at […]
PayPal taps Temenos for digital banking services
The digital payment platform selected the banking software systems provider during the latter half of December 2018. PayPal will use Temenos’ T24 banking platform and the company’s cloud in support of its businesses in many locations, among them the US, UK, Germany, and Australia. Temenos wrote that the agreement with PayPal “highlights Temenos’ momentum in […]
Saxo Bank buys Binckbank for EUR 424 million
The Dutch online bank accepted an offer from the Danish investment bank. Saxo Bank seeks to grow its online trading and investment business, as competition in the sectors is mounting. The purchase is comprised of equity and cash. According to BinckBank’s CEO Vincent Germyns, the bank must scale in order to keep the competition at […]
Ohpen launches API portal to reduce IT implementation times
The cloud-based core banking provider claims the beta Ohpen API Portal (OAP) can reduce IT implementation times by up to 40%. The portal enables banks, insurers, and asset managers to easily build products and services, and generate and use code for mobile banking or online sites. Erick Drijkoningen, product development director at Ohpen, gave the […]
Rabobank and Nxchange launch alternative finance platform for SMEs
Rabo&Crowd offers SMEs access to a tradable bond platform for loan financing. The service brings together bank loans and funding from private investors via the next-generation stock exchange’s platform. Investors looking to invest via the platform can start with as little as EUR 100, buying bonds on Nxchange, and can sell bonds before their expiration […]
Research At A Glance: Week 48
Financial Regulator Development Focus by Sherman & Sterling This snapshot is an overview of European and global financial regulatory developments. In particular, it explores the legality and effects of Brexit, an updated MiFID2 suitability briefing and the exploration by three central banks of issuing Central Bank Digital Currencies. Is Open Banking open for business? by KPMG The […]
Volksbank teams up with equensWorldline to process its Multi-Currency Payments
equansWorldline’s flexible Multi-Currency Payments solution will be used by Volksbank to ensure non-euro payments by the bank’s customers will be processed in an efficient and future-proof manner. This step is in line with the strategy of De Volksbank with regards to strengthening their focus on delivering value-added services, and to move the processing of their non-euro […]