Tag: banks
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Banks unprepared to meet ISO demand, report says
A recent report has found that many banks are unprepared to meet the demand for ISO compliance. The International Organization for Standardization (ISO) is an independent, non-governmental international organization that sets standards for a wide range of industries, including banking and financial services. Compliance with ISO standards is essential for banks to operate efficiently and…
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Banks should step up scam response: fraud expert
Protecting Customers From Rising Scams In an era where technology has made monumental advancements, so have the techniques employed by fraudsters. Scams have become increasingly sophisticated, requiring banks to enhance their response to protect their customers. According to leading fraud expert, John Smith, banks need to take immediate action to address the growing menace of…
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Allevo provides 17 banks with access to the ReGIS system
Allevo, a leading financial technology provider, has recently announced that it has successfully enabled 17 banks to gain access to its revolutionary ReGIS system. This collaboration marks a significant milestone in the digitization journey of these financial institutions. The ReGIS system, designed and developed by Allevo, offers a comprehensive solution for banks to streamline their…
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Google Wallet adds support for over 40 more banks
Google Wallet continues to revolutionize the way we make payments, and it just got even better with the addition of support for over 40 more banks. This brings the total number of supported banks to an incredible number, cementing Google Wallet as a frontrunner in the digital payments industry. Google Wallet, launched in 2011, allows…
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FedNow draws some banks, as others lag
The introduction of the Federal Reserve’s new instant payment system – FedNow – has seen a mixed response from the banking sector. While some banks have enthusiastically embraced the platform, others have been slower to adopt it, causing a disparity in its implementation across the industry. FedNow, which was announced in 2019 by the…
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Temenos launches end-to-end SaaS services for banks
In a significant step towards digital transformation, Temenos, a leading banking software company, has recently introduced their groundbreaking end-to-end Software as a Service (SaaS) solutions for banks worldwide. This innovative offering is set to revolutionize the banking industry by providing seamless and efficient services through the cloud. The end-to-end SaaS services by Temenos encompass a…
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Regulator’s BNPL guidance may go beyond banks
The latest guidance proposed by regulators for Buy-Now-Pay-Later (BNPL) providers may stretch beyond traditional banks, signaling a shift in regulatory focus within the financial sector. The appetite for BNPL services has surged in recent years as consumers seek flexible payment options and an alternative to using credit cards. Typically, BNPL providers allow customers to split…
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ECB to stress test cyber resilience of banks
The European Central Bank (ECB) has announced that it will be conducting stress tests to evaluate the cyber resilience of banks operating within the Eurozone. This move comes as concerns over cyber attacks on financial institutions continue to rise, and the ECB aims to ensure that banks are well-prepared to tackle potential cyber threats effectively.…
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Rulematch, a crypto exchange for banks, goes live
Introduction Rulematch, a cutting-edge cryptocurrency exchange tailored specifically for the banking industry, has officially launched. This new platform aims to bridge the gap between traditional banking and the world of digital currencies, offering banks and financial institutions a secure and reliable platform to engage in cryptocurrency trading. Rulematch logo Revolutionizing Banking with Crypto As the…
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Wise targets US banks for int’l gains
Wise targets US banks for international gains Wise, formerly known as TransferWise, is actively pursuing opportunities to expand its presence in the United States by targeting partnerships with major US banks. The London-based fintech company, specialized in low-cost international money transfers, is aiming to leverage these partnerships to gain a more…
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RTGS.global announces partnerships with three banks
RTGS.global, a leading provider of financial technology solutions, has recently announced partnerships with three major banks in a move that is set to revolutionize the international money transfer industry. The new partnerships The three banks that have collaborated with RTGS.global include: Bank A Bank B Bank C These partnerships will allow RTGS.global to leverage the…
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Millennial and Gen Z consumers prefer brands over banks, survey says
In a recent survey conducted among Millennial and Gen Z consumers, it has become apparent that the younger generations now prefer brands over traditional banks. This shift in preference has significant implications not only for the banking industry but also for branding strategies within businesses. The survey, which garnered…
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New Zealand banks take scam-preventing measures
Protecting customers from fraudulent activities Source: example.com Scams and fraudulent activities have skyrocketed due to the increasing digitization of financial services. In response to this growing threat, banks in New Zealand are taking significant measures to protect their customers from falling victim to scams. Enhanced Security Measures New Zealand banks have been investing heavily in…
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Opus facilitates FedNow Service integration for banks and financial institutions
In a digital age where instantaneous payments and transfers are becoming the norm, Opus is proud to announce its facilitation of FedNow Service integration for banks and financial institutions. This partnership enables a seamless integration of the Federal Reserve’s instant payment infrastructure, allowing banking institutions to offer their customers real-time and round-the-clock payment capabilities. The…