PISMO CORE BANKING
Pismo’s cloud-native core banking platform gives banks the flexibility and freedom to innovate and create products that their customers love. Find out how in less than 2 minutes.
DIGITISING THE COMMERCIAL LENDING PROCESS IN TIMES OF CRISIS
Governments around the world are issuing economic stimulus and relief packages for businesses affected by the outbreak. From the EU, where the European Investment Fund will guarantee loans to help “provide liquidity to at least 100,000 European small and medium-sized enterprises (SMEs)” – to Japan, where SMEs are being offered interest-free loans and large corporations
FRENCH AND SWISS CENTRAL BANKS TO TRIAL DIGITAL CURRENCIES
A statement made on Thursday announced that the Swiss National Bank and the Banque De France will look into the feasibility of a cross-national arrangement of two wholesale central bank digital currencies (CBDCs) on blockchain. The SNB has enlisted a private sector consortium (including R3, UBS, and Credit Suisse) which will be led by Accenture.
HOW TO PROGRESS YOUR PAYMENTS WITH AR AUTOMATION
There’s an enormous payoff when it comes to digitalizing invoicing and Accounts Receivables (AR): greater efficiency, improved cash flow, and better customer retention are just a few. On the flip side, those businesses that are still conducting AR manually are finding it harder to recover from the economic impact of COVID-19, according to our recent
DEUTSCHE BANK REPORTS BEST QUARTER IN SEVEN YEARS
Deutsche Bank on Wednesday posted a pre-tax profit of €908 million for the first three months of 2020 – its best quarterly performance in seven years, and a notable increase on its profit of just €66 million for the same period in 2020. Profits rose across all of the bank’s core divisions, though its investment
TRY THE REMITLY APP TO SECURELY SEND MONEY INTERNATIONALLY FROM AUSTRALIA.
Download our app or visit Remitly.com for a fast, safe, and convenient way of sending money home. You can safely send money from 17 countries (including Australia) to loved ones in over 60 countries including the Philippines, India, Mexico, Ghana, the Dominican Republic, Vietnam, Nigeria, and China.
ARCHEGOS LOSSES: UBS TAKES UNEXPECTED $774 MILLION HIT
UBS reported on Tuesday a net income of $1.8 billion for the first quarter, revealing that it had taken a considerable hit to earnings from the collapse of Archegos Capital Management. The Swiss bank said that it had taken a $774 million hit to revenue as a result of Archegos’s default earlier in the quarter.
CREDIT SUISSE POSTS ‘UNACCEPTABLE’ ARCHEGOS LOSS
Credit Suisse on Thursday reported a net loss of 252 million Swiss francs ($275 million) for the first quarter following the implosion of US-based hedge fund Archegos Capital. The bank reported that the loss reflected a “significant charge with respect to the US-based hedge fund matter in 1Q21 (first quarter), offsetting positive performance across wealth
HOW BANKS CAN TAKE ADVANTAGE OF OPEN BANKING TO INCREASE CUSTOMER RETENTION
Open Banking now has three million active users in the UK as of January 2021 according to the Open Banking Implementation Entity. However, since PDS2 came into force, the big transformation that was expected has not come to fruition. The directive paved the way for data sharing from multiple accounts from different providers, helping people
HOW IS AI REVOLUTIONIZING FX MARKET IN A WAY WE DIDN’T EVEN REALIZE
The foreign exchange or forex market is the biggest financial market in the world. It is even bigger than the stock market. Moreover, the forex market continues to grow, and one major reason for this is the use of the latest technologies, including artificial intelligence. In fact, it wouldn’t be wrong to say that AI