UBS turns to fundinfo for fund data procurement
Private banking giant UBS and its fund platform Fondcenter have commissioned fundinfo to procure and source fund data from fund providers and asset managers.
BankingTech
Oracle FSS launches new version of Flexcube core banking system, V14
Oracle FSS has unveiled the latest release – V14 – of its flagship core banking system, Flexcube.
E-book: Realizing value in mortgages with eSignature
Closing more loans and realizing revenue more quickly is every lender’s goal. But if you’re operating with costly, time-consuming paper-based processes, that goal will be impossible to achieve. The only viable option is to part ways with paper and partner with a digital solution.
Cybersecurity needs to be a global and coordinated effort
Recent cyberattacks, such as the October 2017 Swift attack, show how vulnerable financial firms across the globe are to the machinations of hackers.
WePay to power payments for Volusion
Having finalised its acquisition of WePay, JP Morgan Chase announced that it has already put the payments platform to work: powering commerce platform Volusion, reports Finovate (Banking Technology’s sister company).
New live site for ICS Banks core banking system in Iraq
Al-Thiqa Islamic Bank has gone live with new core banking software, ICS Banks, supplied by ICS Financial Systems (ICSFS).
Fintech funding round-up: 1 December 2017
Who doesn’t love a trilogy? Following on from the round-ups on Thursday (30 November) and Tuesday (28 November) here’s another slice of fintech funding action. Features Deposit Solutions, Hanson Robotics’ Sophia, and BNP Paribas Asset Management. Germany’s Deposit Solutions, an open banking platform for deposits, has closed an investment round of $20 million led by […]
Using the web to access online banking? Who is protecting the browser side?
To date, there hasn’t been a way to understand if online users are being compromised or to be sure precisely what they are seeing whilst visiting and interacting with a web page. We know that endpoint security and anti-viruses fail and online users can be infected even with all the precautions that they may take. Server-side security is now very mature and excellent progress has been made in that particular field.
FIS seeks API effect with Code Connect
FIS has unveiled Code Connect – an online gateway that allows its clients and third-party developers to access FIS APIs for use in developing and testing new solutions. With APIs more popular than free alcohol at a fintech conference, FIS joins the masses seeking to capitalise on the API fever. Code Connect includes more than […]
Blockchain and Bitcoin round-up: 29 November 2017
Bitcoin high, Russian firsts, trade finance digitisation, US moves, and an interoperability alliance. Another day of action in the busy blockchain and Bitcoin world. Features Sberbank, IBM, Infosys Finacle, BitFlyer and the Blockchain Interoperability Alliance. Doubt you missed it, but Bitcoin has reached an all time high of $10,000. We were inundated with similar comments […]
Microsoft and SAP expand HANA and Azure partnership
Microsoft and SAP are expanding their current cloud partnership to include additional support for SAP software running on the Azure public cloud. The two companies also plan to use each other’s applications internally, reports Enterprise Cloud News (Banking Technology’s sister publication). The expanded partnership coincides with Microsoft’s biggest rival for public cloud – Amazon Web […]
Passport to success: optimising treasury technology in the connected age
To reap the real benefits of technology, treasurers should be thinking about an extended journey, not a day trip.
Bankers and retailers – will we see roles switch? Or simply morph into a single discipline?
Technology is having a tremendous impact on the way communities shop so changes are more or less expected as we see these shopping mall operators push back on so many dire predictions being made about them. But can they change and yes, could these changes lead to a greater overlap with banking as it exists today? Do we even need differentiation between the two and yes, will they both be able to keep us satisfied when it comes to access to our cash?
BehavioSec’s behavioural biometrics right match for Crossmatch
BehavioSec has partnered with identity management firm Crossmatch in a deal that will add keystroke capture to Crossmatch’s composite authentication platform, DigitalPersona, reports David Penn at Finovate (Banking Technology’s sister company). “We selected BehavioSec’s platform because they are singularly focused on behavioural biometrics and have well-established and proven technology that already serves more than 35 million end […]
SmartSolution gains first core banking tech client in Central America, Blue Creek Credit Union
Blue Creek Credit Union (BCCU) in Belize is implementing a new core processing system, Universa, supplied by Canadian banking tech vendor SmartSolution.
Validata lands core banking testing deal in US
Validata has inked a deal with a large US bank to deliver quality assurance for the bank’s Temenos T24 core banking transformation project. Banking Technology understands this is Commerce Bank.
Integris Credit Union in core banking tech revamp with Validata
Canada-based Integris Credit Union has deployed Validata’s suite of products to support its transition to Temenos’ T24 core banking system.
ING has a thing for data analytics
ING Wholesale Banking has set out its plans to increase investments in data analytics and put more resources into Asia and the Americas. It’s very early days as its ambitions and goals offer no real specifics. Stats and timelines are like good service in shops in the UK – i.e. almost nowhere to be seen. […]
Interview: Nadish Lad, Volante – destiny and dreams
In an exclusive interview with payment specialist Volante Technologies, Nadish Lad, director – head of payments product, explains the firm’s foundation, vision and its key unique selling propositions (USPs).
Configo launches cloud environment
Digital sales and engagement firm Configo is taking its technology to the cloud. The company is making its Live Experience Platform – which gives FIs the ability to create customer-centric, personalised digital experiences – available as a Software-as-a-Service (SaaS) solution, reports David Penn at Finovate (Banking Technology’s sister company). Until now, Configo’s platform was installed on-premise. The new cloud […]
BNP Paribas in “global transformation” with Fenergo’s client lifecycle management tech
Fenergo says its flagship Client Lifecycle Management (CLM) solution has been selected by BNP Paribas “as part of its global transformation project”.
What a Swell Sibos we had
One of the more entertaining aspects of this year’s Sibos in Toronto was the continuation of the rivalry between the event’s host, Swift, and distributed ledger technology (DLT) firm Ripple.
Brief: Digitizing the Bank
Read this brief to get best practices and expert advice from SEFCU, one of the 50 largest credit unions in the U.S, on how they went from their first electronic signature to fully digital workflows using DocuSign.
Core banking: true digital banking requires innovation on all layers
By adopting a layered model that moves the focus from presentation to orchestration, banks can deliver an omni-access digital service that truly works for customers, says Peter-Jan Van de Venn, CCO of Dutch digital core banking platform provider Five Degrees.
Slow growth, new regulation and digitisation – driving innovation in the banking sector
Since the global financial crisis the banking industry has witnessed three mega-trends: slow growth, digitisation and new regulation. None of these trends look likely to abate any time soon and in fact, it appears that all of them are set to intensify in the short to medium term.
Finastra Universe London 2017: open banking and the rise of AI
Finastra has revealed its focus on the open innovation of smart technologies in banking, alongside artificial intelligence (AI), machine learning/deep learning.
When are we going to look at the human cost of AI?
Another week has passed, and another piece of research has emerged about the potential of artificial intelligence (AI), but the human cost is starting to become a very big elephant, reports Telecoms.com (Banking Technology‘s sister publication). The research itself is from SAS and highlights businesses are becoming normalised to the idea of AI. The concept […]
Blockchain and Bitcoin round-up: 14 November 2017
Hot on the heels of yesterday’s (13 November) action, here’s our latest blockchain and Bitcoin round-up. Featuring Bitcoin Gold, OTC Exchange Network, Deloitte and Github. Bitcoin Gold (BTG), the newest fork of the Bitcoin blockchain, has officially gone live. It’s not the first to breakaway from Bitcoin, as previously in August, Bitcoin Cash (BCC) launched. […]
Token and Envestnet | Yodlee team up for open banking
Open banking platform provider Token has partnered with Envestnet | Yodlee, a data analytics platform, for payments and financial data aggregation. The partnership will use Token’s operating system, TokenOS, which offers PSD2 compliant payments and gives access to banks for third-party service providers, via an API. In addition, the deal will use Envestnet | Yodlee’s […]
Blockchain and Bitcoin round-up: 13 November 2017
Following Friday’s (10 November) feisty blockchain and Bitcoin action, here’s another round-up. Features CryptoCoinBits, European Commission, R3 and Hewlett Packard Enterprise. With increasing fears about Bitcoin ICOs and bubbles bursting, it was inevitable someone would see a gap in the market. Enter CryptoCoinBits, which has unleashed a Bitcoin trading platform and asks: “So how can […]
Crime moves upmarket as fraud becomes UK’s number 1 offence
New research from Experian claims fraud is now the UK’s most common criminal offence, much to the dismay of thugs and hoodlums everywhere, reports Telecoms.com (Banking Technology‘s sister publication). The company’s Annual Fraud Indicator 2017 estimates the annual cost of fraud in the UK is £190 billion, exceeding the total gross domestic product of 148 […]
Banking Technology November 2017 issue out now
The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.
Blockchain and Bitcoin round-up: 9 November 2017
Whether it’s AI to bridge cryptocurrencies or someone accidentally losing it, something is always going on, whether right or wrong in the world of blockchain and Bitcoin. Our latest round-up features Parity, AiX, R3 and SIA.
Mobey Day Barcelona: disruption, money and forward thinking
This year’s Mobey Day continues with the consistent collaboration between banks, start-ups and fintechs. Focusing on the development of technology during a time of disruption, the biggest players drew attention to leading in future challenges and trends.
Al Qurtas Islamic Bank live with new core banking system, BML Istisharat’s ICBS
A start-up bank in Iraq, Al Qurtas Islamic Bank, has gone live with its core banking system, ICBS, supplied by a Lebanon-based banking tech vendor, BML Istisharat.
Crime thriller: Trading Down, by Stephen Norman – part 3
Over the past few weeks, we’ve been sharing some extracts from a new crime thriller, Trading Down, by Stephen Norman, long serving CIO/CTO of RBS Global Markets. Here, in the third and final extract, we return to the action at the Hamilton Datacentre crisis.
Top trends in cybersecurity
Cyber risks have evolved significantly over the last couple of years across industry sectors. The financial services industry, in particular, has become the target of choice with malicious actors exploring every avenue they can in order to identify areas of vulnerability.
Clinc goes global, partners with Isbank to offer conversational AI
Conversational AI innovator Clinc has partnered with Isbank, the largest private bank in Turkey, which will deploy Clinc’s technology within its two mobile banking apps.
Implementing derivatives clearing on distributed ledger technology platforms
Clearing houses and central clearing counterparties (CCPs) play a pivotal role in managing collateral and counterparty risk, in increasing standardisation and transparency of financial markets, and in the credit enhancement process for clearing banks. For such systemically critical functions, how appropriate are innovative new technologies such as distributed ledger technology (DLT)?
€18 billion invested in software by European banks in 2016
The European Banking Federation (EFB) has released survey stats that show that European banks last year invested more than €18 billion in software.
