Engine by Starling has launched Romania's first ever digitally-native bank on its core banking platform. Salt Bank has already onboarded 100,000 Romanian customers, making it one of the fastest growing neobanks in Southeastern Europe. 

Tuum, a leading next-generation core banking provider, today announces its strategic expansion into the Middle East market and the creation of a regional headquarters at ADGM in Abu Dhabi.

Finastra today announced that it has integrated AI-powered ESG (environmental, social and governance) scoring capabilities into its working capital solution, Trade Innovation. The integration, with CoriolisESG by TradeSun, enables users to book and manage trade and supply chain finance with the added benefit of automated insights into ESG scoring. This results in greater understanding of the sustainability of trade and helps organizations to better monitor and manage their impact.   

Today, Ozone API, the global open banking leader, and Thistle Initiatives, the award-winning compliance consultancy, announce a strategic partnership to help financial institutions get ahead of impending Third Payment Services Directive (PSD3) and quickly achieve open banking compliance.

Brite Payments, a leader in instant bank payments, today announced that Luke Trayfoot has joined the company as Chief Commercial Officer (CCO), leading the Stockholm-headquartered fintech’s commercial efforts. The appointment of the former PayPal and Mangopay executive signifies a new phase in Brite’s journey as it accelerates its growth in markets across Europe. 

Digital bank Zopa today reports its first full year of profitability. Launched in June 2020, the milestone makes Zopa one of the fastest digital banks in the UK to turn an annual profit.

Zopa Bank swung to a pre-tax profit of £15.8 million for the financial year ending 31 December 2023 from a pre-tax loss of £26 million for the year ending 31 December 2022. Total operating income for the same period to 31 December 2023 was £222 million, up 47.8% year-on-year.

Bridgewise, the innovative AI-based analysis platform for global securities, has announced the completion of a $21 million funding round, bringing its total capital raised to $35 million. The round was led by SIX Group with participation from Group11, L4 Venture Builder, and other global financial institutions.

Sopra Banking Software (SBS), the global financial technology company that more than 1,500 financial institutions rely on to digitally transform the way they operate, today announced the availability of its cloud-based Instant Payments solution. The technology enables banks and financial institutions to power secure instant payments for consumers anytime, anywhere.

Order.co, a leading AI-enhanced procurement and accounts payable software, announced the complete redesign of its accounting integration, a significant improvement set to revolutionize financial management for multi-entity businesses.

UK Finance has today announced work on a new UK Regulated Liability Network (RLN) experimentation phase with eleven of its members.

The UK RLN is envisaged as a common ‘platform for innovation’ across multiple forms of money, including existing commercial bank deposits and a shared ledger for tokenised commercial bank deposits.