Abacus Group, a leading provider of hosted IT solutions and services for alternative investment firms, today announced it has successfully completed the Service Organization Controls (SOC1) Type 2 audit for its application hosting and managed cloud services. The successful completion of the SSAE18 examination in July marks Abacus’ ninth consecutive year of completing a SAS70/SSAE16/SSAE18 audit, ensuring the highest level of security and internal controls.   

TIBCO Software Inc., a global leader in integration, API management, and analytics, today announced a new integration with Snowflake, the data warehouse built for the cloud.

In a move to help millions of Americans have access to a fee-free safety net, mobile banking company Varo Money, Inc. announced today No Fee Overdraft, a feature where customers can overdraft their bank account balance up to $50 with no fee and no interest when they meet certain eligibility requirements.*

Mortgage adviser, Affinity Mortgages have chosen Mortgage Brain as its partner to help drive efficiency across the business.

The new partnership enables Affinity to benefit from The Key, Mortgage Brain’s point-of-sale compliance and CRM system and its integration with MortgageBrain Anywhere, Mortgage Brain’s online sourcing system.

B-North, the Manchester-based firm building an SME lending bank for the UK, has announced the appointment of Ron Emerson CBE as its Chairman, effective from 16 September.

Ron was the founding Chairman of the British Business Bank (BBB), the UK government's economic development bank aimed at improving access to finance for the small and mid-sized business sector.

Oromia International Bank, a decade-old private commercial bank, has gone live with an advanced core banking solution.

ICS Financial System (ICSFS), a company from the United Kingdom, developed the system that works for interest-free, corporate internet, retail and mobile banking services. The system was fully implemented last month after the duo signed the agreement two years ago.

ICSFS secured the project after vying with seven other companies. FLEXCUBE and ICSFS both passed the technical evaluation and demonstration stages.

Leading open banking platform provider, Token.io, today announces the appointment of Todd Clyde to the position of CEO, effective immediately. Token’s Founder and current CEO, Steve Kirsch, assumes the role of Chief Innovation Officer and retains his position on Token’s Board. Todd assumes the leadership role following three successful years as Token’s COO. 

Nomanini, the pioneering fintech platform for the informal retail ecosystem, has today announced a $4m funding round led by Standard Bank, Africa’s largest bank, and completed by Goodwell Investments, an Amsterdam-based investment firm focused on fintech and financial inclusion. 

CitiConnect®, Citi's API connectivity platform has reached a new milestone, with more than 157 million API calls processed since its launch in November 2016. The APIs for Treasury Services, accessed through CitiConnect®, allow clients to seamlessly access a growing number of Citi solutions directly into their treasury workstations or enterprise resource platforms (ERP). Of the total API calls, the majority were from companies located in the Asia Pacific and European regions, reflecting the rapid growth of instant payments schemes in these areas.

To the general public, Metro Bank might look as though it is thriving. It’s just been announced that it’s topped a survey of British customers for overall service quality, and came joint top with First Direct as a bank customers would recommend to family and friends. It has just opened a new store (they intentionally don’t call them branches) in Birmingham and next month will see their 69th and 70th stores open in Solihull and Merry Hill. The Merry Hill store will even be a drive-thru so customers don’t have to leave their car.