UniCredit to unify global transaction business on one platform

Italian banking heavyweight, UniCredit, is working on standardising its global transaction business (GTB) on one platform, underpinned by D+H’s Global PayPlus (GPP) system. GPP is supplied by D+H’s Global Transaction Banking Solution (GTBS) unit, formerly known as Fundtech. UniCredit’s GTB business covers 17 countries – the bank has accrued it via an aggressive M&A strategy […]

UK’s oldest bank, C Hoare & Co, goes digital with Backbase

C Hoare & Co, Britain’s oldest bank (and the fourth oldest in the world), is modernising its front-end operations with Backbase, a specialist provider of omnichannel banking software. London-based C Hoare was founded in 1672 by Sir Richard Hoare and remains family-owned and run today. It focuses on private banking and investment management. It employs around […]

Canadian Payments Association moves to ISO 20022

The Canadian Payments Association (CPA) has adopted ISO 20022, as it looks to modernise Canada’s payment system. Gerry Gaetz, president and CEO of the CPA, says ISO 20022 will “enable the Canadian financial community to provide better service, both domestically and across borders, to their customers”. The CPA says recent research indicates that cost savings […]

Kbank in $142m-a-year digital banking drive

Kasikornbank (Kbank), one of the largest banks in Thailand, says it is to spend THB 5 billion ($142 million) per year in a digital banking transformation project. Kbank, the country’s fourth-largest lender by assets (THB 2.5 trillion/$71 billion), says it has the largest share of the digital banking market with 38%. It is now looking […]

Swedbank sweet on virtual Nina

Swedbank has gone live with Nuance Nina, a virtual assistant that delivers a human-like, conversational customer service. The system, provided by US-based Nuance Communications, sits on the Swedbank website and the bank’s customers can type their questions to the virtual assistant. Swedbank customer service agents are also using the system to source information for customers. […]

Orange buys Groupama for 2017 mobile bank launch

Orange has made a significant stride in mobile banking by acquiring a majority stake in financial services firm Groupama, reports Tim Skinner at Telecoms.com. The French mobile operator has confirmed it has acquired 65% of Groupama shares, will be launching a 100% mobile banking service in early 2017. By acquiring Groupama, Orange will be gaining an extensive […]

Scotiabank invests millions of dollars in digitalisation; simplifies operating models

Canada’s Scotiabank named key components if technology and operations strategy at the recent annual meeting of shareholders. These (unsurprisingly) focus on digital transformation, technology investment and the simplification of its organisational and operating models, as the nature of work and roles change. Brian Porter, president and CEO of Scotiabank, said that “a comprehensive change agenda” […]

UK credit unions busy with tech modernisation

There is a lot of activity going on in the UK’s credit union space, as the participants realise they have no choice but to modernise. So who is doing what? Which technology providers are set to gain and who might be a loser? London Mutual Credit Union and TCS Financial Solutions London Mutual credit union […]

Google to bring Android Pay to UK

Google is bringing Android Pay to the UK market – with Bank of Scotland, First Direct, Halifax, HSBC, Lloyds Bank, M&S Bank, MBNA and Nationwide Building Society the first to support it. This latest move follows Android Pay’s launch in the US in September 2015, and it should be available in the UK “in the […]

Gemalto teams up for biometric security platform launch

Four firms have joined forces to introduce the “first” end-to-end security architecture for biometric fingerprint authentication at Mobile World Congress 2016 in Barcelona. Gemalto, Fingerprint Cards, Precise Biometrics and STMicroelectronics say they are offering original equipment manufacturers (OEM) the opportunity to deploy this feature in the latest generation of wearable and consumer electronics devices. The […]