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Partior Welcomes Deutsche Bank as Strategic Investor

Partior, the blockchain-based fintech for real-time clearing and settlement, is pleased to announce that Deutsche Bank has joined its Series B funding round as a strategic investor, bringing the total investment to USD 80 million.

Thursday, November 28, 2024 - 15:34
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/news/fundraising-news/partior-welcomes-deutsche-bank-strategic-investor
Financial IT
Insurtech blip Expands Small Business Insurance Offerings with Professional Indemnity Cover

blip, a leading provider of small business insurance, is excited to announce the launch of its Professional Indemnity Insurance, expanding its comprehensive range of coverage designed specifically for today’s entrepreneurs and professionals. This new offering reinforces blip’s dedication to safeguarding small businesses with tailored, flexible protection. Offering a policy which grows with businesses, where a £1mlimit costs less than £100.

Thursday, November 28, 2024 - 15:22
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/news/insurtech/insurtech-blip-expands-small-business-insurance-offerings-professional-indemnity
Financial IT
74% of All Financial Product Sales in the UK Do Not Involve a Bank Branch – Kearney

Leading consultancy Kearney has today released the latest data from its annual European Retail Banking Radar, revealing that 74% of all product sales in the UK do not involve a branch or human interaction, confirming that consumers overwhelmingly prefer to interact with financial institutions remotely.

Thursday, November 28, 2024 - 15:16
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/news/banking/74-all-financial-product-sales-uk-do-not-involve-bank-branch-kearney
Financial IT
Lending Standards Board Adds SME Lender iwoca to Business Standards Registration

The Lending Standards Board’s (LSB) has announced iwoca, one of Europe’s largest SME lenders, as its latest firm to achieve full registration to the Standards of Lending Practice for business customers (‘the business Standards’).

Thursday, November 28, 2024 - 15:10
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/news/lending/lending-standards-board-adds-sme-lender-iwoca-business-standards-registration
Financial IT
CMA Issues Letter to Monzo About Breaching Parts 3, 7, 8, and 12 of the Retail Banking Order

Part 3 of the Order requires surveys to be carried out of Personal Current Account (PCA) and Business Current Account customers about the quality of service received from their provider. On 2 occasions Monzo published incorrect / out of date survey results.

Thursday, November 28, 2024 - 15:04
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/news/regtech/cma-issues-letter-monzo-about-breaching-parts-3-7-8-and-12-retail-banking-order
Financial IT
Telr Partners with Samsung to Launch Samsung Pay in the UAE

Telr, the award-winning online payment gateway, has partnered with Samsung Gulf Electronics to redefine the digital payment landscape in the UAE. This collaboration integrates Samsung Pay into Telr's comprehensive suite of payment solutions, marking a significant leap forward in the country's e-commerce capabilities.

Thursday, November 28, 2024 - 13:27
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/news/payments/telr-partners-samsung-launch-samsung-pay-uae
Financial IT
Reem Finance Selects Temenos to Power New Digital Community Bank in the UAE

Temenos today announces that Reem Finance, a leading corporate and retail finance specialist licensed and regulated by the UAE Central Bank, has selected Temenos to power a new digital community bank in the United Arab Emirates.

Thursday, November 28, 2024 - 13:13
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/news/digital-banking/reem-finance-selects-temenos-power-new-digital-community-bank-uae
Financial IT
SIX Appoints Bjørn Sibbern as New CEO

The Board of Directors of SIX has appointed Bjørn Sibbern as new CEO effective 1 January 2025. Bjørn Sibbern will succeed Jos Dijsselhof, who will step down to pursue a new professional opportunity in the Middle East after seven years with SIX. Jos Dijsselhof successfully developed SIX commercially and expanded it internationally.

Thursday, November 28, 2024 - 13:10
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/news/people-moves/six-appoints-bjorn-sibbern-new-ceo
Financial IT
Black Friday to Become Darkest Yet for Businesses That Don’t Satisfy Consumer Payment Needs
This year’s Black Friday and Cyber Monday spend is projected to reach £3.8 billion in the UK, marking a 27% increase from the £3 billion planned in 2023, according to Finder. These sales events are pivotal moments in every merchant’s calendar, with the potential to make or break their end of year sales targets.  
 
Thursday, November 28, 2024 - 13:03
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/news/payments/black-friday-become-darkest-yet-businesses-dont-satisfy-consumer-payment-needs
Financial IT
Soldo Introduces Automatic Carbon Emissions Tracker for Businesses in Its Winter 2024 Product Updates

Soldo, the proactive spend management solution that frees progressive businesses to accomplish more, today announced its Winter 2024 Updates. Available today to Soldo customers, the new features help companies of all sizes scale their finance operations.

The new updates enable better control over teams' spending, automate employee onboarding and offboarding processes, and track CO2e emissions, ensuring compliance and efficiency across all financial processes and sustainability initiatives.

Thursday, November 28, 2024 - 12:08
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Financial IT

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