NCR overhauls ATM network at BankDhofar, expands ATM access in India
The breadth of NCR’s work with financial institutions and underbanked populations around the world.
Asia
India’s RBL Bank calls for fintech start-ups
Funding and mentorship on offer for 20 firms.
Top fintech stories this week – 02 February 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Moven lands investment from SBI, ponders bank acquisition
SBI and Moven to set up a joint venture to bring the latter’s tech to Asia and Asia Pacific.
Huddlestock and Acuity bring mobile trading to Sri Lanka
Offering the ability to “crowd-trade and access investment ideas”.
Western Union unveils fintech centre in India
New 125,000 square feet facility in Pune will employ more than 1,000 individuals.
IBM and Cargills Bank bring cognitive security thrills to Sri Lanka
Using IBM QRadar, a security intelligence platform, along with QRadar Advisor with Watson.
Interview: Sidd Gandhi, KyePot – dreams and savings schemes
Co-founder and CEO shares his plans for India’s chit fund (savings scheme) industry.
Turkey: the next cashless society
Turkey is perfectly placed to become the world’s next cashless society – a true digital payment powerhouse.
Blockchain and Bitcoin round-up: 12 January 2018
All about Asia this time. Featuring Cobinhood, JCB, Currency Port and Republic Protocol
Janata Bank moves merged and acquired banks to Oracle FFS Flexcube
Data migration project in Nepal completed with the help of JMR Infotech.
Mambu banking engine powers Kreditech’s lending leap to India
Will expand into the sub-continent in early 2018, together with its partner PayU.
Yes Bank and Nearby Tech bring cardless ATM services to India
With the aim to become the payments enabler for India.
Interview: Pranshu Maheshwari, SimpleMoney – on track for investment tracking
SimpleMoney’s co-founder explains the problem he’s out to solve and why he isn’t in the robo-advisory game.
State Bank of Pakistan completes major core banking tech upgrade
Moving from Temenos’ Globus G11 to T24 R15.
EBL launches Bangladesh’s first AI-based banking chatbot
EBL Digital Interactive Agent will communicate with customers via Facebook Messenger.
TransferTo adds digital wallet to payments network via Cellum partnership
Cellum will offer money transfers via TransferTo’s cross-border mobile payments network.
Standard Chartered and Ant Financial buckle up for Belt and Road drive
They target expanding their fintech clout along the “Belt and Road Initiative” route.
NICE teams with Brightstar India
To support the launch of NICE Uptivity, a workforce optimisation solution for SMBs.
LienVietPostBank goes live on SmartVista paytech platform
Replacing its legacy Electra System with BPC Banking Technologies’ SmartVista platform.
Path Solutions beats ICS Financial Systems to core banking system deal in Iraq
Al-Rajih Islamic Bank, a greenfield bank in Iraq, has signed for the iMAL core banking system from Path Solutions.
Cisco buys cloud optimisation firm Cmpute.io
Looking to take some of the pain out of managing multicloud environments.
Standard Chartered and Axis Bank launch cross-border payments via Ripple
Standard Chartered and Axis Bank have unveiled a real-time cross-border payment service for corporates using Ripple’s distributed ledger technology (DLT) solution. This offering is now commercially available between Standard Chartered (Singapore) and Axis Bank India, and, accessible through Standard Chartered’s corporate digital banking platform, Straight2Bank. Himadri Chatterjee, president, transaction banking, Axis Bank, says by using […]
Commercial Bank of Ceylon in digital banking tech revamp with Fiserv
Commercial Bank of Ceylon (Combank), a long-standing user of Fiserv’s Signature core banking system, is now extending the vendor’s tech to the front office.
Three crucial questions for insurance’s digital future
Insurance is an industry at a turning point. Few could have predicted that “innovation” would become one of its watchwords, but as the digital revolution spurred on by insurtech gathers pace fundamental changes are beginning to take hold.
Nations Trust Bank launches lifestyle app FriMi with Daon’s biometrics tech
Sri Lanka-based Nations Trust Bank has launched a new mobile payments and lifestyle app, FriMi, using Daon’s biometric authentication platform, IdentityX.
Airtel Payments Bank live with new core banking system
Airtel Payments Bank, a start-up subsidiary of Indian telco Airtel, has gone live with its core banking system. This is understood to be Oracle FSS’s Flexcube.
Federal Bank opts for Intellect’s digital transaction banking platform
Federal Bank in India has selected Intellect Design Arena’s digital transaction banking (DTB) platform as part of its revamp. The system is powered by an omnichannel corporate banking exchange (CBX) portal with backend processors for collections and receivables, payables, account services and supply chain finance. Intellect says DTB will also augment the front end of […]
Top fintech stories this week – 10 November 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
ICICI Bank sets the tone for voice-based payments in India
ICICI Bank has unveiled India’s first voice-based international remittance service to enable non-resident Indians (NRIs) to send money to any bank in the country. With the new feature in its Money2India (M2I) app, an NRI customer can make a remittance to existing payees in India with a voice command to Apple’s virtual voice assistant, Siri. […]
Major Indian bank looks for fintech acquihire
A major financial institution in India is looking to make a fintech “acquihire” (an acquisition of a company primarily for the skills and expertise of its staff, rather than for the products or services it supplies).
Indian Overseas Bank signs for Nelito’s data archival and retrieval tech
Mumbai-based Nelito Systems has bagged a multi-country deal with Indian Overseas Bank (IOB) for its Findart data archival and retrieval solution.
Krungsri and IBM apply blockchain to related party transactions
Thailand-based Krungsri (Bank of Ayudhya) and IBM have completed a blockchain pilot project to streamline the bank’s contract management process across its offerings.
Mastercard, Bank Asia and a2i team for financial inclusion in Bangladesh
Access to Information (a2i, an innovation lab supported by the Bangladeshi government), Bank Asia and Mastercard have signed a tripartite memorandum of understanding (MoU) to facilitate financial inclusion in Bangladesh by making digital payment services accessible countrywide through the Union Digital Centres (UDCs).
Bank of Thailand selects SimCorp Dimension for investment management
Thailand’s central bank, Bank of Thailand, has selected SimCorp Dimension as its new investment management platform to support reserve management and monetary policy operations of its $226 billion reserves.
Panin Dubai Syariah selects ICS Banks core banking platform
Panin Dubai Syariah, an Islamic bank in Indonesia, has selected ICS Banks core banking platform from ICS Financial Systems (ICSFS) to replace its legacy tech.
Three reasons Asia is the perfect incubator for fintech innovation
A report released last year by EY and major Singaporean bank DBS declared China the “undoubted centre of global fintech innovation and adoption”. And China isn’t the only Asian country making waves in the fintech sphere. Overall fintech investments in the Asia-Pacific region reached $10.5 billion in 2016 – the highest amount witnessed to date since 2010, according to CB Insights data.
South Korean banks sue US electronics retailer Newegg
Four South Korean banks, including Bank of Korea, Keb Hana Bank, Nonghyup Bank and Kookmin Bank, have filed a lawsuit against online US consumer electronics retailer, Newegg.
Avaloq signs core banking tech deal with Bank of Asia
Bank of Asia, a start-up digital bank in the British Virgin Islands focused on companies that have ties to Asia, has signed for the Avaloq Banking Suite core platform.
International Islamic Bank live with new core banking system
International Islamic Bank (IIB), a greenfield bank in Iraq, has gone live with the ICS Banks core banking system from regional developer ICS Financial Systems (ICSFS).
