Elsewhere in the US, Discover Financial Services, Marcus (a digital lending platform from Goldman Sachs) and Eastern Bank are also on the Finacle user list.
By enabling Samsung Pay for Mashreq debit and credit cards via Snapp, customers can easily add their cards to Samsung Pay from Mashreq’s mobile banking app without having to scan and enter card details.
This news come with Chetwood’s latest consumer lending product, LiveLend Reward Loan – “the dynamic loan”, which adapts the lending rates as the consumer’s lending score improves.
Finacle is part of EdgeVerve Systems, a subsidiary of Infosys, and its hub enables the bank to consolidate local payment systems QIPS, and QATCH in Qatar into a single platform.
Vymo, AI-enabled Personal Assistant, captures rich, contextual data to drive intelligence across sales and distribution teams.
HSBC will be subjected to extra monitoring and, if the situation deteriorates, an external consultant could be appointed to oversee the process.
Through the blockchain proof of concept, the participants were able to monitor loan agreement revisions, comments and the sequence of approvals, as well as tack an audit every change before the deal was closed.