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Leading payments company Cashfree today launched its Banking-as-a-service offering ‘Accounts’ to help neo-banks and fintech platforms quickly integrate banking services into their product. Accounts will allow businesses to offer features like account opening, linking, deposits, check balance and interest earning to their customers, partners and vendors. Riding on the recent guidelines by RBI on digital KYC, Accounts by Cashfree will enable 100% paperless bank account creation instantly. Currently supporting the creation and management of current accounts, Cashfree...

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Independent Banker rankings recognize this year’s standout performers Independent Banker, the award-winning magazine of the Independent Community Bankers of America (ICBA) and the number-one source for community banking news, recognized The Freedom Bank of Virginia (“Freedom Bank”) as an ICBA top commercial lender in its July issue. Freedom Bank was specifically recognized at the #6 Commercial Bank in the United States ($500 million to $1 billion in total assets) based on the strength of its competitive banking services and operational efficiencies throughout 2020. “ICBA commends...

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Paybis introduces instant bank payments solution for UK and EU; adds support for local bank payments in the US and SWIFT USD for international clients. Global cryptocurrency exchange Paybis is introducing several new payment options for its international customers. Paybis users will now be able to purchase cryptocurrencies using the United Kingdom’s (UK) Faster Payments system and the European Union’s (EU) Single European Payment Area (SEPA) for instant GBP and EUR deposits respectively. The exchange has also launched local...

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India’s Largest Exchange Reinforces a Commitment to Risk Management and Compliance WazirX, India’s largest cryptocurrency exchange, has announced their collaboration with TRM Labs, a leading blockchain analytics provider, to enhance anti-money laundering and anti-fraud measures for transactions conducted on the WazirX platform. TRM Labs provides a full-service platform for crypto compliance and risk management, including tools for wallet screening, transaction monitoring and investigations. TRM’s monitoring capability spans 360,000+ digital assets across 20+ blockchains, including Ethereum,...

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India’s leading Digital Banking Technology Transformation company, IDBI Intech Ltd., announced a strategic partnership with one of UK’s most definitive technology advisory firms, Lemon Advisors UK Ltd., to extend their Fintech products and services for the Banking & Financial Services Sector to new global markets. Some of the standard global technology offerings by IDBI Intech include Combating Financial crime, Payment Transformation, Digital Customer Experience and Digital Technology Integration, among others. IDBI Intech, through its “Compliance-as-as-service” offerings...

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Now Tech report highlights the value to expect from digital banking engagement platform providers and how to select vendors based on size and functionality. Technisys is recognized as a large, established player in the report, “Now Tech: Digital Banking Engagement Platforms, Q1 2021,” released by leading global research and advisory firm, Forrester. The report highlights the functionality of digital banking engagement platforms, with recommendations on how to choose the right vendor for organizations looking to adopt a digital transformation....

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Nigeria’s leading retail Bank Polaris has launched a digital bank called VULTe. In his welcome address at the well-attended unveiling ceremony which held in Eko Hotel, Lagos the Chairman of the Bank, M.K Ahmad (OON) disclosed that the corporate goal of Polaris is to offer customers and non-customers of the Bank, a 24-hour seamless service using VULTe. In his words, “This is a milestone in our pursuit of a strong and digitally-led retail brand. When we started the...

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Platform to support growth in Performing Loans segment Larsen & Toubro Infotech Ltd. (BSE: 540005), (NSE: LTI), a global technology consulting and digital solutions company has entered into a strategic engagement with Hoist Finance AB,  a pan European financial services company, to provide Banking-as-a-Service for Performing Loans segment through its Digital Banking Platform. LTI’s Digital Banking platform, powered by Temenos, will enable Hoist Finance to be more scalable and with faster on-boarding of new asset classes across regions....

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The partnership enables financial institutions to innovate the branch network through a suite of products and services that deliver meaningful customer engagement at point of contact. Technisys, the leader in next-gen digital and core banking platforms, is partnering with Antuar, an innovator in branch solutions, to further enhance the customer experience whether online or at a local branch. The partnership delivers an end-to-end digital solution designed to elevate customer experiences across all touchpoints. “Today’s environment emphasizes...

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