Universal Banking


Also found in: Acronyms.

Universal Banking

Banking services including savings, loans and investments. That is, universal banking combines both commercial banking and investment banking. The term universal banking is more common in Europe than the U.S. because of stricter regulation of American banks.
References in periodicals archive ?
Data showed that apart from universal banking, industries that posted the highest expense in 2015 were life insurance with P185.8 billion, or 19.2 percent of the total and activities of holding companies with expense of P90.1 billion, or 9.3 percent.
"With Bank Muscat going live on the latest version of TCS BaNCS Universal Banking, our partnership has moved to the next level.
Yahya bin Abdullah Alyahya, GIB's Chief Executive Officer stated "As we predicted last year, the dilution of profitability in 2014 arises from the substantial investment in establishing a new retail bank as part of our pan-GCC universal banking strategy, and will continue through to the expected break-even of the retail bank in 2018.
These wins reveal our rising path in Yemen, and shows that banks are investing more in universal banking technology to grow and deliver excellent customer service", Executive Director for Business Development of ICSFS, Mr.
Following a conclusion of the review, the bank has decided to end issuing universal banking licences.
Piraeus Bank Live on Fiserv Solution in Egypt Fiserv, Inc., a provider of financial services technology solutions, said that Piraeus Bank, is now live on Universal Banking from Fiserv at its Egypt operations.
Au CCS, two of the leading companies in the automation and computerization of banking systems, have announced the signing of a new agreement with United Bank of Iraq for Investment (UBII) for the implementation of International Computer SystemsAAE universal banking software solution BANKSA .
Uppal (economics, DAV College, Malout, India) and Jatana (Punjab School of Management Studies, Punjabi U., Patiala, India) compile 12 articles on electronic banking in India, covering reforms, the implementation of universal banking, the role and application of information technology, growth and risk factors, the economics of ATM usage, and the advantages and disadvantages of internet banking.
Neptune Software pie has launched Rubikon, its new java based universal banking system designed to meet the demand for modular, function-rich software that can be configured to suit a bank or financial institution's environment and needs, Rubikon can be adapted to many purposes--whether the bank is operating an extensive network of retail branches or providing corporate investment and brokerage services.
To fill that bill, Infosys now offers the region's banks Finacle--a new generation universal banking solution using state-of-the-art technology.
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