SAP AG and Misys are putting together a joint banking system that will integrate tier-one India vendor Misys’ BankFusion J2EE-compliant banking system onto SAP’s NetWeaver platform. According to a release, SAP and Misys will look at integrating SAP components, such as general ledger, into the SOA-friendly Misys BankFusion, and that both firms will market the banking solution globally. In addition, the Misys Trade Portal and Misys TI Plus 2.0 will be endorsed by SAP to work with the existing SAP for Banking solution portfolio to offer banks a complete end-to-end solution, enabling trade finance services. The collaboration also includes the integration of SAP CRM into the Misys retail banking solution set to enhance targeting, attraction and retention. The agreement comes just weeks after the two companies announced a joint enterprise SOA solutions lab in Bangalore.
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The Trump administration has ordered banking agencies to root out and identify instances of politically-motivated debanking while at the same time raising pressure on banks to scrutinize or potentially sever their ties with liberal nonprofit clients. That dynamic creates a compliance puzzle with no obvious answers, experts say.
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Some customers reportedly complained about getting locked out of their accounts after signing up for the bank's new Strata Elite credit card. "We feel like we have done the right thing for all of our good customers," Pam Habner, Citi's head of U.S. branded cards, said Tuesday.
October 21 -
Speakers at the Most Powerful Women in Banking conference Tuesday shared several scenarios in which banks will benefit from dollar-pegged cryptocurrency.
October 21 -
The McClean, Virginia-based bank said Tuesday that credit quality remained strong in the third quarter, and that it has approved a plan to buy back $16 billion of common stock. It's temporarily tapping the brakes on loan growth as it digests the Discover acquisition.
October 21 -
At American Banker's Most Powerful Women in Banking Conference in New York City, former Most Powerful Women in Banking honorees said to build skills that you can take with you outside of a big bank, and that banks should reward risk-taking and building over incremental change.
October 21 -
Bank of America has a playbook for government shutdowns, which includes providing fee and payment waivers as well as loan deferrals and forbearance programs, CEO Brian Moynihan said at the American Bankers Association's annual convention.
October 21