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IBOS member Ulster Bank to open up online banking with new API

IBOS member Ulster Bank has announced Ireland’s first banking open application programme interface (API). This move is set to change the way in which customers engage with their finances by enabling developers to create new products and services using banking data. APIs are essentially portals that allow information to be safely and easily exchanged between trusted third parties. While relatively new to the world of banking, APIs have been used …Read More

IBOS member RBC announces personalised digital financial insights and automated savings service

IBOS member Royal Bank of Canada (RBC) is the first bank in Canada to offer clients personalised digital financial insights and a fully-automated savings service through the award-winning RBC Mobile app. In another first for a Canadian bank, RBC has announced the pilot launch of two digital services based on artificial intelligence (AI) that offer insights about RBC’s client’s financial insights and a fully-automated savings solution that uses predictive technology …Read More

IBOS member RBC reports third quarter 2017 financial results

IBOS member Royal Bank of Canada (RBC) today (23 August) reported a net income of $2,796 million for Q3 2017, ended 31 July 2017. Excluding an after-tax gain of $235 million from the sale of RBC’s home and auto insurance manufacturing business in the prior year, net income was up $136 million (5%). Results reflect strong earnings growth in Wealth Management, Insurance excluding the prior year gain on sale, and …Read More

IBOS member KBC to launch new mobile app to continue its ‘digital-first’ approach

IBOS member KBC Bank Ireland is set to launch a new onboarding mobile app, unique to the Irish market, as part of its €1.5bn Group-wide digital transformation. Customers at KBC Bank Ireland – the Group’s digital frontrunner – have already become accustomed to the bank’s innovative offerings. The planned investment in the bank’s digital capabilities between 2017 and 2020 is “to benefit customers in Ireland” who have shown great interest …Read More

IBOS member PNC launches tech incubator for financial services industry

IBOS member PNC Financial Services Group, Pittsburgh’s largest bank, has launched a technology incubator for the financial services industry. The enterprise, ‘Numo’, launched in February and operates as a wholly owned subsidiary of PNC. Numo primarily focuses on building consumer and business software related to financial services. The enterprise builds its solutions by applying cutting edge technologies and data analysis techniques to opportunities in financial services. Numo’s model was designed specifically …Read More

IBOS member KBC Group reports exceptionally strong 2017 second quarter financial results

IBOS member KBC Group announces an exceptionally strong result of €855m in the second quarter, in a report released on 10 August 2017. The quarter under review included robust total income and significant loan loss impairment releases. This brought KBC’s net result for H1 2017 to €1,485m, one-third higher than the €1,113m recorded in H1 2016. Moreover, KBC’s lending and deposit volumes continued to grow in Q2 2017, and the …Read More

IBOS member Ulster Bank announces H1 2017 financial results

IBOS member Ulster Bank has announced its financial results for H1 2017, in a report released on 4 August 2017. Ulster Bank reported an adjusted operating profit of €104 million for H1 2017 (€155 million in H1 2016) and an operating profit of £12 million (€9 million in H1 2016). Operating expenses were reduced to €342 million from €402 million in H1 2016, and a total income of €341 million …Read More

IBOS member RBS announces H1 2017 results

IBOS member Royal Bank of Scotland (RBS) has announced its financial results for H1 2017, in a report released on 4 August 2017. RBS reported an operating profit before tax of £1,951 million for H1 2017 and an attributable profit of £939 million. In Q2 2017, an operating profit before tax of £1,238 million and an attributable profit of £680 million were reported. Across the bank’s Personal & Business Banking …Read More

IBOS member RBC is the first bank in Canada to enable bill payments using Siri

IBOS member Royal Bank of Canada’s (RBC) customers can now ask Siri to pay their bills on their iPhones and iPads. RBC announced that its personal banking clients will be the first in Canada to be able to ask Siri to pay their bills on their iPhones and iPads through the RBC Mobile app. RBC also launched Interac e-Transfer payments within iMessage, which means clients can send a transfer without …Read More

IBOS member UniCredit announces its 2017 second quarter financial results

IBOS member UniCredit’s positive 2017 second quarter results confirm early progress of Transform 2019. UniCredit has reported a net profit of €945m in Q2 2017 and at €1.9bn in 1H 2017, surpassing analysts’ expectations as the Milan-based bank pressed ahead with a turnaround effort under Jean Pierre Mustier, who was appointed as chief executive last year. Based on revenues of €4.7bn, analysts had predicted a net profit of €676m for …Read More