Digital


Interview: Ramin Niroumand, co-founder of FinLeap

Berlin-based fintech incubator FinLeap and solarisBank have created the first global banking platform, called Solaris – a Banking-as-a-Platform (BaaP) service. What is it all about and how is it going to make its mark on the fintech industry? Devie Mohan interviews FinLeap’s co-founder, Ramin Niroumand. The solarisBank launch has been in the press quite a […]

SDC and Signicat bring cross-border digital signing to 120 Scandinavian banks

SDC has signed a deal with Signicat for the latter’s cloud-based eID digital signing solution to be rolled out by SDC’s banking clients in Denmark, Norway, Sweden and the Faroe Islands. SDC supplies financial technology and data processing services to 120+ banks in Scandinavia. Signicat, the first and largest identity assurance provider in the world, […]

Micro is the biggest thing

Call it “innovation”, “transformation” or just “business”, banks are spending time and money in the pursuit of the gear shift that will protect margins and grow revenue in the digital era. The time for big, bold moves is upon us, yet it appears that the biggest move of all is tiny: the trend towards the […]

Corezoid takes digital core process engine to Amazon Web Services cloud

Corezoid, a US-based provider of a Platform-as-a-Service (PaaS) solution to banks, has announced that its product can now be delivered on the Amazon Web Services (AWS) cloud. Corezoid’s offering is a process engine for banks to create a digital core. It “allows banks to rethink all of their operations as a set of states and […]

Nymbus acquires credit unions software vendor KMR

Hot on the heels of the R. C. Olmstead (RCO) acquisition, core banking software start-up Nymbus takes over another fellow vendor, KMR. KMR was founded in 2007 and focuses on the US credit union space. Its flagship suite, AgilityFOUR, consists of two products: AgilityWeb (a remote banking solution) and AgilityOrg (credit union management and compliance software). […]

Eurobank in digital banking overhaul with Accenture

Eurobank Ergasias has signed a ten-year agreement with Accenture to pursue digital transformation of its subsidiaries in Romania, Bulgaria, Serbia and Ukraine. Accenture will help build a new platform for the bank, dubbed “Intelligent Infrastructure”. It will be based on Accenture’s Infrastructure-as-a-Service (IaaS) offering and will support Eurobank’s core functions, such as loans and deposits, […]

Sberbank to overhaul core banking platform

Russia’s largest banking group, Sberbank, is undergoing a major technology overhaul. The bank’s senior MD of technology, Mikhail Khasin, did a presentation on the bank’s new business development platform at a recent conference, TAdviser SummIT. The initiative is a “revolutionary transformation” of all systems that currently form Sberbank’s core banking platform. He said the new […]

The future of the bank-fintech start-up relationship

As technology continues to proliferate in the world around us, banks are no exception. Digitalisation is revolutionising the way consumers interact with everything – companies such as Amazon, Apple, Airbnb, Netflix and Uber have transformed customer expectations and created a ripple effect across all industries. We cannot ignore the forces at work today. Across demographics, banking […]

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 […]

Visa Europe unveils augmented reality payment tech

Visa Europe and its innovation hub, Visa Europe Collab, have teamed up with visual discovery and augmented reality app Blippar to bring augmented reality to payments. The new e-commerce solution, unveiled at a recent fashion show in London, enables designer garments to be instantly purchased straight off the backs of models. The pilot fashion brand […]

Top fintech stories this week – 10 June 2016

Catch up on Banking Technology’s top five fintech stories of the week – all in one place! Goldman Sachs to underpin new digital bank with Infosys tech It’ll be the e-Finacle digital banking platform, Banking Technology understands. Infographics: The Euro 2016 guide to e-commerce In the spirit of that football tournament that starts today, we’ve got an e-commerce […]

Four UK banks sign up for VocaLink’s Zapp app

Four of the UK’s biggest high street banks have signed up to launch Zapp’s “Pay by Bank app” mobile payment service. Bank of Scotland, Barclays, Halifax and Lloyds Bank are working with Zapp, VocaLink’s payments innovation team, to deliver the service. David Yates, CEO VocaLink, says the gang of four join a “growing number of […]

Goldman Sachs to underpin new digital bank with Infosys tech

Goldman Sachs has recently launched a new digital bank, GS Bank. It accepts deposits from consumers and institutional clients, starting from just $1. Goldman Sachs is understood to be working with Infosys and its EdgeVerve division on this project, with the vendor’s e-Finacle platform as the underlying tech for GS Bank. Infosys’ spokesperson provided a […]

Brazil-based digital bank Banco Original live with new treasury tech

Banco Original, a pure-play digital bank in Brazil has gone live with a new treasury management system, OpenLink’s Findur. The vendor says the implementation was completed in ten months. Findur is the bank’s new cross-asset and treasury solution, integrated with internet banking and handling a range of financial products such as bank certificate of deposit […]

New digital bank for SMEs gearing up for launch in Germany

Penta Bank is a new digital banking player in Germany working towards a spring 2017 launch. Penta’s initial target market will be German and French SMEs. “Our target businesses are funded start-ups and SMEs that are cashless,” says Luka Ivicev, Penta’s head of product. Penta has been in the making since February this year. Usability […]

ACI Worldwide teams with Raphaels Bank for Faster Payments Scheme access

ACI Worldwide is partnering with UK-based Raphaels Bank, opening up access to the Faster Payments Scheme in the UK for financial institutions (FIs), including challenger banks and payment service providers (PSPs). ACI says its relationship with the bank means FIs and PSPs can use ACI as a “technical aggregator” providing real-time access to Faster Payments […]

New UK bank, CivilisedBank, submits banking licence application

A new digital bank for UK businesses and consumers, CivilisedBank, has submitted its banking licence to the regulators, Financial Conduct Authority (FCA) and Prudential Regulatory Authority (PRA). It expects to receive the licence later this year and to open for business in early 2017. Set-up and technology CivilisedBank will not have any branches. It will […]

How to keep mobile app users engaged

With two thirds of people now owning a smartphone in the UK, demand is high amongst consumers to have connectivity at their fingertips. Add to this the fact that 39% of adults have at least one banking-based app, and it presents a real opportunity for banks to serve engaging content to the many consumers who are […]

New instant payments platform for PSPs comes to Italy

Nets and Istituto Centrale delle Banche Popolari Italiane (ICBPI) have joined forces to launch an instant payments solution in Italy. The new offering is set to go live in Q1 next year. It will be based on Nets’ RealTime24/7 platform and will serve the Italian payment service providers (PSPs). “We will provide to the Italian […]

Amazon Web Services outage causes digital banking problems in Australia

A technical outage of the Amazon Web Services (AWS) cloud this weekend left many customers of Australian banks unable to use cards, ATMs and Eftpos terminals. The banks affected include Westpac, ME Bank and Commonwealth Bank of Australia (CBA). Some also pointed the finger of blame at payment providers such as First Data. Just a […]