Banking & Finance

New Head of Technology and Innovation for Bank of Israel

The Technology and Innovation Division in the Banking Supervision Department was established in 2016 to provide a response to the significant technological changes the banking system is undergoing and is expected to continue experiencing in the coming years. The Division assists the Supervisor of Banks in setting the Department’s policy on matters of technology and […]

Wirecard gains Italian footwear brand as new customer for Alipay

Wirecard, an international innovation leader in the field of digital financial technology, gains the luxury footwear brand, Giuseppe Zanotti, as a new customer for Alipay payments. The cooperation enables Giuseppe Zanotti to offer China’s favourite mobile payment method in Spain, France and the UK. Wirecard provides Giuseppe Zanotti with the Wirecard ePOS App for the […]

Italian banking market takes major leap forward with Cabel and Oracle

Cabel, an IT service provider for the financial services market in Italy since 1985, and Oracle Financial Services Global Business Unit, has announced the availability of Oracle FLEXCUBE for the Italian market. Oracle FLEXCUBE is a core banking solution that has been adopted by more than 600 financial institutions around the world. Cabel and Oracle […]

Project reduces high costs of money transfers to developing countries

Deputy Prime Minister and Minister of Development Cooperation Alexander De Croo joins forces with IOM, the UN Migration Agency, to build a comprehensive price comparison app for international money transfers (remittances). The collaboration between Belgium and IOM must provide users with objective information about the transfer rates. Today, many providers offer remittances services at very […]

Standard Chartered Global Business Service to be located in Warsaw

Standard Chartered announced it will open a new office in Warsaw, Poland, following appropriate approvals. Standard Chartered Global Business Services Sp z o.o. will contain the bank’s Global Business Services (GBS) function and joins a network of GBS centres in China, India and Malaysia, all of which manage complex, large-scale, cross-border activities including technology and […]

New blockchain renewable energy pilot to power 500,000 homes

Swytch, a blockchain-based clean energy incentive, and the Germany-based Energy2market GmbH (e2m), a leader in aggregated energy trading throughout Europe, have announced a pilot programme which includes roughly 3.5Gw of solar, wind, hydro and biogas energy capacity in Germany and is enough to power over 500,000 homes. As part of the large-scale pilot, Swytch is […]

İşbank and Pisano collaborated for customer experience management

İşbank is expanding its voice of customer initiatives with Pisano to more than 350 branches to better evaluate customer satisfaction. Ozkan Demir, CEO of the Customer Experience Management Company, Pisano, expressed that recently customer experience has been a top priority for financial institutions and İşbank is one of the leading banks utilising customer experience technologies […]

Poland becomes world’s first to put banking records on the blockchain

Billon, the technology company that civilised blockchain, and the Polish Credit Office (Biuro Informacji Kredytowej – BIK), the largest credit bureau in Central and Eastern Europe, will implement blockchain for storage and secure access to sensitive customer information. Billon’s blockchain technology will benefit the bureau through superior security, integrity and immutability of data. The fully-GDPR […]

VPE Bank is first German bank to launch cryptocurrency trading

VPE WertpapierhandelsBank AG (VPE) has launched regulated cryptocurrency trading services for institutional investors. VPE offers best-in-class technology and possesses a license from German financial regulator BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) to offer its customers secure and regulated cryptocurrency trading services. “Cryptocurrencies such as Bitcoin, Litecoin, Ethereum and others have become a promising asset class in recent […]

Danish National Lottery selects SafeCharge to power online payments

SafeCharge, a leading payments technology company, has announced it has partnered with Danske Spil A/S, the national lottery in Denmark, to power its regulated sports betting platform ‘Youbet’ and drive expansion into this local regulated market. Danske Spil has implemented SafeCharge Cashier, a hosted payment page solution optimised for maximum conversion of deposit and withdrawals […]