Coinciding with the start of FinTech Week 2016, Lloyds Banking Group has today announced the launch of a new mentoring scheme that will see FinTech start-ups able to access the broad expertise of its colleagues from across the Group.

The FinTech start-ups will benefit from knowledge sharing of experienced Lloyds Banking Group staff to aid their development in the financial and technology sector.  The support offered includes refining concepts to strengthening business models within a flexible timeframe determined between the mentor and the start-up.

London-based International Finance Magazine has conferred the 2016 award for 'Best Retail Bank' and 'Best Retail Customer Service Bank' in Kuwait to Gulf Bank.

Gulf Bank was established in 1960 and has since progressed to becoming an industry-leading financial services provider complemented by a large network of 56 branches strategically positioned in key locations in Kuwait.

 SS&C Technologies announced that SS&C Advent has been named “Best Accounting System Provider” for its Geneva^®portfolio management solution in the 2016 Waters Rankings. The award was presented yesterday during the Waters Rankings luncheon at The Metropolitan Club in New York.

The Waters Rankings awards, now in its 14^th year, recognizes the leading technologies and vendors nominated in Waters Technology's only awards program where the category winners are determined exclusively by reader votes.

Deutsche Bank’s Global Transaction Banking unit today announced that Patricia Giangrande has rejoined the Bank as a Managing Director and Global Head of the Business Control Office function for Institutional Cash Management (ICM). Giangrande will be based in New York and report to Susan Skerritt, Chairwoman, President and CEO of Deutsche Bank Trust Company Americas; Global Head of ICM and Head of Global Transaction Banking Americas. Giangrande will also sit on the Global ICM Executive Council.

HID Global has acquired DemoTeller, a leading provider of instant issuance solutions for the financial market. With this acquisition, HID Global is now able to address the needs of financial institutions and retailers for instant issuance of personalized financial or payment cards, such as a “chip card,” with a fully integrated solution. DemoTeller adds solution, installation and maintenance services to broaden HID Global’s secure issuance business beyond printers and consumables. HID Global is addressing a growing segment of the secure issuance market in North America.

FIS Cardless Cash®, the market-leading mobile solution that avoids using a plastic card at the ATM to withdraw funds, will expand across the United States thanks to a new partnership between FIS™ , a global leader in financial services technology, and 

Creditexchange, India’s first hybrid digital consumer loans platform and institutional marketplace, has announced that it has raised an undisclosed amount of funding from Kuber Financial as part of its $500,000 seed round.

TMX Insights today announced that Razor Risk™, its risk management solution, meets the new minimum capital requirements for market risk standards finalized by the Basel Committee on Banking Supervision in January 2016.

Razor Risk offers financial institutions the ability to calculate and manage market risk capital and performance across desks, business lines and “top of house”.

The latest figures for Lloyds Banking Group, which includes Lloyds Bank and Bank of Scotland, show that the total amount of online lending to small businesses has doubled in the past two years*, as more businesses are making the move online to manage their banking.

The annual value of online lending to small businesses (those with a turnover of less than £1m) is increasing at an even greater rate, with online lending to small business customers accounting for over 11% of all lending to this customer group.

It’s encouraging to see more conversations take place around the role biometric sensors can play in authentication. Increased consumer demand for these services highlights the potential this technology has. With most of us having to remember an increasing number of passwords every day, biometric sensors offer a much simpler and convenient way for us to prove our credentials.