Latest news with #RaiffeisenBank
Reuters
5 days ago
- Business
- Reuters
Austria's Raiffeisen completes damages payment to Russia
VIENNA, June 5 (Reuters) - Raiffeisen Bank International ( opens new tab said on Thursday that Russia's central bank had debited 174 million euros ($199 million) from the Austrian lender's account to complete the payment of damages imposed by Russia. The payment of interests, which completes the transfer of the more than 2 billion euros in damages due, has previously been seen as a key step in the struggle for Russian regulatory clearance of Raiffeisen's plans to sell its Russian subsidiary. Last year, the bank came under intense pressure from the United States as well as European regulators to pare its ties to Russia, something it is in the process of doing. The lender has been working on a sale of its Russian subsidiary for more than three years since Russia's invasion of Ukraine. Russia's central bank had previously taken almost 1.9 billion euros from the lender to settle a court dispute in Russia. Earlier this year, a Russian court awarded more than 2 billion euros of damages against RBI in a dispute that erupted after an unsuccessful attempt to unlock some of the bank's frozen billions in Russia. ($1 = 0.8839 euros)
Finextra
21-05-2025
- Business
- Finextra
Raiffeisen Bank goes live with Temenos Core in Bosnia-Herzegovina
Temenos (SIX: TEMN) today announced that Raiffeisen Bank dd Bosnia-Herzegovina, a member of Austrian-based Raiffeisen Bank, has successfully gone live with Temenos Core for retail banking. 0 The core modernization marks a significant milestone, enabling Raiffeisen Bank dd Bosnia-Herzegovina to enhance customer experience and drive greater efficiency. Raiffeisen Bank is one of Austria's leading corporate and investment banks, with €200bn of total assets and subsidiaries in 11 Central and Eastern European markets. Its Bosnian network unit is the second largest bank in Bosnia-Herzegovina, serving around 500,000 customers across the retail, corporate and SME segments. By migrating from its legacy system to Temenos, Raiffeisen Bank dd Bosnia-Herzegovina has migrated its current account operations in the country to the same modern, agile core banking solution already in use in other markets of RBI, including Kosovo, Slovakia and Poland. This will help the bank to streamline operations and automate processes for increased efficiency and an improved customer experience. Deployed on Red Hat's OpenShift hybrid cloud, Temenos' scalable, cloud-based solution will help Raiffeisen Bank dd Bosnia-Herzegovina to future-proof its operations, supporting its growth ambitions and enabling the migration of additional capabilities over time. Temenos' flexible, API-based architecture and comprehensive functionality will also enable the bank to drive faster time to market and reinforce its reputation for innovation in Bosnia-Herzegovina. The successful implementation was the result of close collaboration between Temenos, delivery partner Tech Mahindra and Raiffeisen Bank's own specialist team, certified for its in-depth knowledge of Temenos solutions. Kreshnik Halili, Board Member for Operations and IT, Raiffeisen Bank dd Bosnia-Herzegovina, said: 'This go-live with Temenos is an important part of Raiffeisen's mission to transform continuous innovation into superior customer experience. Temenos' modern, integrated core banking solution, which has already proven its worth in other parts of the RBI group, will give us increased efficiency and flexibility for our operations in Bosnia-Herzegovina. This will help us to drive continued growth in this important market, building on our leading position and strong reputation for innovation.' Mark Yamin-Ali, Managing Director - Europe, Temenos, commented: "Congratulations to Raiffeisen Bank dd Bosnia-Herzegovina on this successful implementation. We're proud to build on our longstanding relationship with one of Austria's largest banking groups, helping them bring the benefits of Temenos' market-leading core banking solution to another European market. This success showcases Temenos' strong delivery capability as we work to modernize financial institutions by building on the most trusted, industry-leading technology solutions.'
Finextra
14-05-2025
- Business
- Finextra
Raiffeisen Bank signs for Wise Platform
Raiffeisen Bank International has struck a deal with Wise to bring cross-border payments to its customers in Central and Eastern Europe. 0 Raiffeisen, which operates in 11 markets in the region, will roll out the Wise Platform for business and personal customers. Wise Platform is powered by more than 70 licenses and six direct connections to payment systems globally, enabling cross-border payments to some 160 countries and over 40 currencies, with 65% of transfers settled in 20 seconds or less. Matthias Dekan, head, payments and daily banking, Raiffeisen, says: "In the past few years, we have seen growing customer demand and rising expectations for seamless international payments and we're looking forward to going live with this innovative offering." The agreement with Raiffeisen is the latest in a series of deals struck with banking partners to adopt the money movement firm's tech stack for international payments and comes hard on the heels of recent collaborations with Bank Mandiri, Zempler Bank, Morgan Stanley and Standard Chartered.
