In a significant development for banking partnerships in Indonesia, State Bank of India (SBI), PT Bank KEB Hana Indonesia, and Bank SBI Indonesia signed a Shareholder Agreement on 10 September 2024. This agreement aims to fulfil regulatory requirements for local shareholding and strengthen collaborative banking operations in the region. Key Points of the Agreement Bank […]
Krom Bank, a digital banking service under the Kredivo Group, is collaborating with Amazon Web Services (AWS) to revolutionize Indonesia’s digital banking sector. By leveraging AWS Cloud, Krom Bank aims to reach Indonesia’s unbanked and underbanked populations, which constitute nearly 74% of the country’s population. This strategic partnership enables Krom Bank to scale services rapidly, […]
Missouri Central Credit Union, based in Lee’s Summit, Missouri, has chosen Bankjoy to modernise its digital banking offerings. This decision follows a thorough evaluation of various vendors and comes as part of the credit union’s strategy to enhance its member experience with a leading-edge digital platform. With nearly $78 million in assets, Missouri Central Credit […]
CGI (TSX: GIB.A) (NYSE: GIB) has officially announced the acquisition of Celero’s credit union business, significantly enhancing its digital and core banking service offerings within the Canadian market. This strategic move involves acquiring master services agreements that span managed services, core banking, digital banking, and related IT services, catering to more than 90 credit unions […]
In a significant development for European banking, Snappi, the innovative Greek neobank, has successfully obtained a universal banking license from the European Central Bank (ECB). This landmark achievement was supported by the Bank of Greece and marks the beginning of Snappi’s ambitious plans to redefine financial services in the region. The newly acquired license empowers […]
Q2 Holdings, Inc. (NYSE: QTWO), a leader in digital transformation solutions for financial services, has been chosen by Avidia Bank to enhance its digital banking platform, signaling a significant shift in how the bank interacts with and serves its customers. Established in 1869, Avidia Bank, a $2.6 billion mutual community bank, has embarked on a […]
Intellect Design Arena Ltd, a leading financial technology company, has entered into a significant seven-year partnership with Vancity, Canada’s largest community credit union, to enhance digital banking services for its Retail, SME, and Commercial members. This collaboration aims to leverage Intellect’s cutting-edge Digital Engagement Platform (DEP) and Contextual Banking Experience (CBX) to transform Vancity’s digital […]
VersaBank (TSX: VBNK) (NASDAQ: VBNK), a pioneer in digital banking and cybersecurity solutions, has received a crucial nod from the U.S. Federal Reserve for its $13.5 million acquisition of Stearns Bank Holdingford, a move set to significantly expand its operations in the United States. This approval marks a major step in the acquisition process, requiring […]
Intellect Global Consumer Banking (iGCB), a pivotal division of Intellect Design Arena Limited, unveiled its groundbreaking eMACH.ai Digital Engagement Platform (DEP) at the prestigious Money20/20 event in Amsterdam. This launch is set to transform the customer engagement landscape across various banking sectors, including retail, SMEs, and corporates through its state-of-the-art, codeless, unified, and cloud-native platform. […]
JRNI, a leading enterprise in global customer engagement solutions, has announced a significant integration with Backbase, the developer of the Engagement Banking Platform. This partnership aims to transform customer interaction within the financial sector by allowing seamless and secure scheduling of virtual and in-person appointments, enhancing overall customer satisfaction, loyalty, and operational efficiency. Integration Details […]