Digital banking

Survival of the fintech - WFIS to unveil Indonesia's market leaders

Retrieved on:

Monday, October 23, 2023

JAKARTA, Oct 23, 2023 - (ACN Newswire) - While the stakes are soaring high, fintech companies in Indonesia are vying to get on top and dominate the FSI market.

Key Points:

JAKARTA, Oct 23, 2023 - (ACN Newswire) - While the stakes are soaring high, fintech companies in Indonesia are vying to get on top and dominate the FSI market.
Jakarta's most iconic 5-star hotel, The Ritz-Carlton Jakarta, Pacific Place has been chosen as the venue for the 2-day event.
As a long-standing annual platform, WFIS over the years has emerged as the home turf for Indonesia's leading fintech companies to demonstrate their thought leadership and cutting-edge solutions.
The reputation for hosting the strongest buyers from the region is the primary reason that entices the fintech companies to participate at WFIS.

Entersekt Launches the First Mobile Application Authentication Solution Through the Q2 Innovation Studio

Retrieved on:

Wednesday, October 18, 2023

Entersekt announced today that fully integrated mobile application authentication with biometrics is now available for financial institutions using the Q2 Digital Banking Platform.

Key Points:

Entersekt announced today that fully integrated mobile application authentication with biometrics is now available for financial institutions using the Q2 Digital Banking Platform.
The pre-integration allows for instant deployment to an FI’s mobile banking app, simple configuration, and accelerated time to value.
Avoid 3rd party one-time passcodes for debit card ecommerce payments and provide a simple, trusted user experience within the mobile banking app.
Entersekt is a Q2 Innovation Studio partner, and Entersekt Authentication for the Q2 Digital Banking Platform can be found on the Q2 Marketplace .

Discover Financial Services Reports Third Quarter 2023 Net Income of $683 Million or $2.59 Per Diluted Share

Retrieved on:

Wednesday, October 18, 2023

The comparative prior quarter ended September 30, 2022 has been restated to reflect immaterial corrections to the financial statements.

Key Points:

The comparative prior quarter ended September 30, 2022 has been restated to reflect immaterial corrections to the financial statements.
See Reconciliation of Prior Periods in the Financial Supplement for reconciliation to previously reported results
Discover Financial Services (NYSE: DFS) today reported net income of $683 million or $2.59 per diluted share for the third quarter of 2023, as compared to a net income of $1.0 billion or $3.56 per diluted share for the third quarter of 2022.
Net interest income for the quarter increased $479 million, or 17% driven by higher average receivables partially offset by net interest margin compression.
Payment Services pretax income of $85 million was up $32 million year-over-year primarily driven by increased PULSE revenue.

TD named Best Consumer Digital Bank in North America for third consecutive year by Global Finance

Retrieved on:

Thursday, October 19, 2023

TORONTO, Oct. 19, 2023 /CNW/ - TD Bank Group (TD) has been named the "Best Consumer Digital Bank in North America" for the third consecutive year by Global Finance in their World's Best Digital Banks Awards 2023.

Key Points:

TORONTO, Oct. 19, 2023 /CNW/ - TD Bank Group (TD) has been named the "Best Consumer Digital Bank in North America" for the third consecutive year by Global Finance in their World's Best Digital Banks Awards 2023.
"Developing a deeper understanding of customer preferences so we can serve their unique needs through digital is critical," says Rizwan Khalfan, Chief Digital and Payments Officer, TD Bank Group. "
We're proud to be recognized by Global Finance for our personalized digital offerings for the third year in a row."
To learn more about TD Bank Group's enterprise approach to innovation, TD Invent, please visit https://tdinvent.td.com

TAB Bank Appoints Austin Strong as Chief Strategy Officer

Retrieved on:

Thursday, October 5, 2023

OGDEN, Utah, Oct. 05, 2023 (GLOBE NEWSWIRE) -- TAB Bank , a technology-driven online bank, announces its long-time employee, Austin Strong, has been promoted to Chief Strategy Officer (CSO).

Key Points:

OGDEN, Utah, Oct. 05, 2023 (GLOBE NEWSWIRE) -- TAB Bank , a technology-driven online bank, announces its long-time employee, Austin Strong, has been promoted to Chief Strategy Officer (CSO).
Strong started his journey with TAB 11 years ago, initially as the Director of Internal Audit and most recently as the Executive Vice President of Digital Banking.
“For over a decade, Austin Strong has been instrumental in fulfilling TAB Bank’s mission of unlocking dreams for our customers with bold financial solutions that lift and empower,” said Rick Bozzelli, President and CEO of TAB Bank.
Before joining TAB Bank, Strong worked with Ernst & Young in its assurance practice, supporting public and private businesses in the banking, automotive, real estate, entertainment, and insurance industries.

Fintech Surge to Unleash Financial Innovation

Retrieved on:

Wednesday, October 11, 2023

Nexus, Investment, Partnership, SME, Morgan Stanley, Dubai World Trade Centre, AI, Small business, World Bank, Digital banking, Emirate, Mastercard, World Economic Forum, Emirates NBD, Drug, Bank, Cryptocurrency, Swift, Fintech

Global gathering to capitalise on Dubai's pioneering status as a leading fintech hub

Key Points:

Driven by emerging digital technologies, changing consumer behaviours, lower regulations for financial services provided by non-banks and increased investments, start-ups are now challenging traditional banks and fintech innovation is accelerating at pace.
Trixe LohMirmand, Executive Vice President of Dubai World Trade Centre, comments: "Fintech Surge is the epicentre of technological revolution.
Fintech Surge will offer two conference tracks where more than 80 global leaders will discuss the trends propelling the sector.
As the industry-defining platform for financial innovations and with more than 1,000 investors expected to attend, Fintech Surge remains a leading platform for the global fintech ecosystem.

Recent Acquisition in Digital Banking Highlights the Criticality of New Research Report: '2023 State of Digital Banking'

Retrieved on:

Thursday, October 12, 2023

Investment, Research report, Knowledge, Connect, Acquisition, Digital banking, Customer experience, Blockchain, Cryptocurrency, Retail

DUBLIN , Oct. 11, 2023 /PRNewswire/ -- In a move that underlines the rapid expansion and strategic importance of the digital banking sector, leading UK-based digital banking software expert, ieDigital, recently announced its acquisition of the US-based digital banking technology provider, Connect FSS.

Key Points:

DUBLIN , Oct. 11, 2023 /PRNewswire/ -- In a move that underlines the rapid expansion and strategic importance of the digital banking sector, leading UK-based digital banking software expert, ieDigital, recently announced its acquisition of the US-based digital banking technology provider, Connect FSS.
It is against this backdrop that the "2023 State of Digital Banking - Feeding An Insatiable Beast: Financial Institutions Prioritize Cybersecurity and Customer Experience on Digital Journey" report has been added to ResearchAndMarkets.com's offering.
This research report is a definitive guide for business entrepreneurs and managers keen on understanding the shifting digital banking landscape.
Likewise, the research report emphasises how pivotal such growth opportunities are in today's fast-evolving digital banking realm.

Bit Builders Delivers Turnkey Check Fraud Detection Solution with OrboGraph

Retrieved on:

Tuesday, September 26, 2023

Heart, Partnership, Nextgen, Bank, Digital banking, Algorithm, Builder, API, Cryptocurrency, Audit

HOUSTON, Sept. 26, 2023 /PRNewswire/ -- Bit Builders Inc., creators of the NextGen Digital Banking platform, today announced its business partnership with OrboGraph, a global leader in check and payment processing automation. The collaboration provides an industry-leading platform financial institutions can leverage to deter check fraud at the paying bank as well the depositary financial institution.

Key Points:

Traditional fraud detection methods are often mired in manual processes and fall short due to the ever-evolving tactics of fraud actors.
The collaboration of OrboGraph's OrboAnywhere Fraud Module and Bit Builders' NextGen Digital Banking platform results in a turnkey solution that delivers sophisticated, AI-based check fraud detection to financial institutions of all sizes.
"Fraudsters are evolving at an unprecedented pace and our partnership with OrboGraph enables us to deliver a game-changing fraud detection solution to our clients."
By uniting OrboGraph's fraud detection expertise with Bit Builders' exceptional user experience, we are creating a synergy that will reshape how many banks combat fraud.

Turkiye Garanti Bankasi A.S.: Changes in Top Management

Retrieved on:

Monday, September 25, 2023

Payment system, Executive, Record, Book, Digital banking, Cryptocurrency

Mrs. Işıl Akdemir Evlioğlu currently the Executive Vice President in charge of Customer Solutions and Digital Banking will leave her position as of October 31st, 2023.

Key Points:

Mrs. Işıl Akdemir Evlioğlu currently the Executive Vice President in charge of Customer Solutions and Digital Banking will leave her position as of October 31st, 2023.
Mr. Çağrı Süzer, Executive Vice President in charge of Payment Systems, will assume Mrs. Evlioğlu's responsibilities.
In addition, Mr. Süzer will continue to carry out his responsibilities regarding payment systems under his new capacity as the Executive Vice President in charge of Customer Solutions and Digital Banking.
*In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.

NCR Corporation and NCR Atleos, LLC Announce Upsize and Pricing of Senior Secured Notes Offering

Retrieved on:

Friday, September 22, 2023

NCR Corporation (NYSE: NCR) (“NCR”) and NCR Atleos, LLC (“NCR Atleos”) announced today that their wholly-owned subsidiary, NCR Atleos Escrow Corporation (the “Escrow Issuer”), priced an offering of $1,350 million aggregate principal amount of 9.500% senior secured notes due 2029 (the “Notes”) at a price of 98.750% of the principal amount of the Notes.

Key Points:

NCR Corporation (NYSE: NCR) (“NCR”) and NCR Atleos, LLC (“NCR Atleos”) announced today that their wholly-owned subsidiary, NCR Atleos Escrow Corporation (the “Escrow Issuer”), priced an offering of $1,350 million aggregate principal amount of 9.500% senior secured notes due 2029 (the “Notes”) at a price of 98.750% of the principal amount of the Notes.
The aggregate principal amount of the Notes to be issued in the offering was increased to $1,350 million from the previously announced $1,050 million.
The maturity of the Notes was shortened to five and a half years from the previously announced seven year maturity.
Upon consummation of the Spin-Off, the Notes will be jointly and severally and unconditionally guaranteed on a senior secured basis by certain of NCR Atleos’s domestic subsidiaries (the “Guarantors”) that will also guarantee its new senior secured credit facilities.