FIS Completes Acquisition of SunGard

FIS, a global leader in banking and payments technology as well as consulting and outsourcing solutions, announced the closing of its acquisition of SunGard, one of the world’s leading financial software and technology services companies. The acquisition uniquely positions FIS to offer a broad range of enterprise banking and capital markets capabilities that will further

New Study Reveals How Financial Institutions Tailor Their Banking Services to Customers’ Needs

ATM Marketplace, a preeminent banking and finance publication, and Wincor Nixdorf, a global leader in advanced retail and banking IT solutions, released a white paper. It reveals that the one-size-fits-all approach to banking services no longer applies in the omnichannel banking era. Entitled “The Customer’s Journey – Transforming the Branch Network,” the white paper explains

FIS Opens Financial Inclusion Lab in India to Drive Banking Access

FIS, a global leader in banking and payments technology as well as consulting and outsourcing solutions, announced the launch of India’s first financial inclusion lab in Bengaluru. The lab is aimed at developing innovative ways to extend banking access to India’s millions of underbanked citizens. The lab is the first of its kind in India

Equity Bank Launches New Mobile Payment and Banking Platform

Equity Bank Group launched Equitel, a new mobile payment and banking platform for its customers –that officially brings to the fore the convergence between mobile and banking services in Kenya. The Bank has hailed its newest innovation as the answer to promoting greater access to banking services which currently stands at 53 percent of the

The Pros and Cons of Being Multi-Banked

Multi-banking is becoming a common trend in South Africa as various businesses, public sector institutions as well as individuals prefer to bank with more than one banking partner. According to an annual business tracking survey done by TMS, 14% of small businesses do not have a ‘main bank’ and this is also prevalent in 26%

Maybank Introduces The M2U Mobile Banking App

Maybank Philippines, Inc. rose to the challenge yet again by launching the Maybank2U (M2U) Mobile Banking App as part of its commitment to bring banking and innovation together beyond its physical presence. The M2U mobile app enables clients to perform different banking transactions with a tap on their mobile phones. By downloading the M2U mobile

Vogogo Expands US Capabilities Through Finalized Agreement to Access US Fiat Payment Network

Vogogo Inc. a payment processor that services the cryptocurrency industry, announced that it has finalized an agreement for a strategic partnership with US payment processor Knox Payments Inc. (“Knox”). The agreement provides Vogogo exclusive access to Knox’s payment methods and US banking, enabling regional US fiat payments in support of the US cryptocurrency industry. The

Banks Embrace Technology But Not Fast Enough for Some Regulators, SAP Study Shows

While technology is changing every aspect of banking operations, 77 percent of participants in a recent survey say the greatest impact will be on customer satisfaction and regulatory compliance. Some regulators, however, believe banks are moving too slowly. “The Benefits of Innovative Information Technology in the Banking Industry” was conducted by the Frankfurt School of