Tag Archives: bank

25Aug/20

New smart money app sync. launches to compete with major challenger banks across Europe

sync. is aiming to become the first digital smart open banking app offering their easy-to-use financial services across Europe, promising to manage every aspect of a user’s financial life in one place.

sync. was created out of frustration with traditional banks and the niche offering of new challenger banks that are not responding to all the needs of the end customer. Read more

10Aug/20

CIH Bank automates corporate banking services with Finastra

Finastra has announced that CIH Bank, a Moroccan-based commercial bank, has gone live with Fusion Corporate Channels and Fusion Trade Innovation, to digitize its end-to-end corporate banking services. The solutions are automating the bank’s trade and supply chain finance services, providing its corporate customers with access to services online, rather than in-branch. The solutions reduce manual processes, helping the bank to become more efficient and agile, grow its customer base by providing a more seamless digital customer experience and ultimately, generate new revenue streams. Read more

26May/20

Finastra Global Survey Shows Appetite for Open Banking Picking up Pace Worldwide

Finastra research reveals that 86% of global banks are looking to use open APIs to enable Open Banking capabilities in the next 12 months. In addition, 30% of banks surveyed believe Open Banking is already making a tangible impact in delivering improved overall customer experience. This is against a backdrop where regulation is perceived to be tighter than a year ago and close to half (48%) of those audited believe that regulators are holding back innovation. Read more

29Jan/18

Secret Service issues ‘ATM jackpotting’ alert

The U.S. Secret Service this week issued an alert to banks warning banks about an ATM exploit known called “jackpotting.” Continue reading

29Nov/16
Punjab taxi driver Balwinder Singh

Indian driver turns billionaire for a day, gets $1.43 Billion in account

A taxi driver in Barnala city of India’s northern Punjab state was taken aback when cash to the tune of INR 98 billion (approximately USD 1.43 billion) was transferred into his account.

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15Mar/16
Bangladesh's central bank governor Atiur Rahman

Bank governor resigns after cyber heist

Bangladesh’s central bank governor Atiur Rahman has resigned after $81 million was stolen from the bank’s account at the New York Fed. As Sonia Legg reports, it was one of the largest cyber heists in history. Continue reading

06Mar/16

A bank that accepts prayers, not money, in northern India

A large number of devotees visit the unique ‘Om Namah Shivay’ bank in India’s northern temple town of Varanasi and “deposit” their prayers to Hindu god Shiva ahead of ‘Mahashivratri’ festival.

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20Oct/15

Deutsche’s $6bln ‘fat finger’ episode

(BVO) – It was the right client but the wrong amount.

Known as a ‘fat finger’ episode, a junior trader at Deutsche Bank wired $6 billion to a US hedge fund, according to the UK’s FT newspaper.
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07Jun/15

Deutsche Bank makes John Cryan CEO

John Cryan, former UBS Chief Financial Officer and on Deutsche Bank’s supervisory board, has been appointed the latter’s new Chief Executive Officer, as the bank tries to clean up its image.
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