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Monument Appoints Shaun Bohannon as CTO to Drive UK Growth After 500% Deposit Surge

Monument (the bank), the UK’s pioneering cloud-native bank dedicated to serving the mass affluent, today announces the appointment of Shaun Bohannon as Chief Technology Officer (CTO).

Shaun will play a pivotal role in driving Monument’s mission to provide innovative, high-quality financial solutions to the UK’s 11 million mass affluent individuals, who collectively hold over £6 trillion in wealth.

Wednesday, February 5, 2025 - 15:46
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Financial IT
OMB Bank Launches OMBX, a Premier Embedded Finance Platform

OMB Bank proudly announces the launch of OMBX, a dedicated embedded finance division designed to empower fintechs and other digital companies with seamless banking solutions. With seven fintech clients already operating and several more in its pipeline, OMBX is positioned to become a premier embedded finance partner within the industry.

Wednesday, February 5, 2025 - 15:43
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/news/banking/omb-bank-launches-ombx-premier-embedded-finance-platform
Financial IT
Okoora Launches Embedded Finance Services in the U.S. Market

Okoora, a leading provider of embedded finance and foreign exchange (FX) risk management solutions, today announced its expansion into the American market. The company offers its embedded finance solutions and suite of core APIs to financial institutions, fintech firms and non-financial services companies operating in the U.S.  These organizations can leverage okoora's offerings for their own operations or integrate them into their own service offerings to benefit their customers.

Wednesday, February 5, 2025 - 14:25
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/news/infrastructure/okoora-launches-embedded-finance-services-us-market
Financial IT
Rapid GenAI Application Adoption Drives New Era of Application and Infrastructure Modernisation

Nutanix , a leader in hybrid multicloud computing, today announced the findings of its seventh annual Enterprise Cloud Index (ECI) survey and research report, which measures global enterprise progress with cloud adoption.

Wednesday, February 5, 2025 - 14:22
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/news/artificial-intelligence/rapid-genai-application-adoption-drives-new-era-application-and
Financial IT
FIS Unlocks Second Half of FedNow® Instant Payments Network Potential With New Send Certification

FIS® , a global leader in financial technology, today announced it is one of the first providers in the fintech industry certified to enable send capabilities for credit transfers in the Federal Reserve’s FedNow® instant payment service. The addition of send capabilities and real-time alerts will enable FIS’ financial institution clients to fully harness the entire FedNow service by providing their consumers and commercial borrowers with a modernized and unified digital payment experience.

Wednesday, February 5, 2025 - 13:34
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/news/financial/fis-unlocks-second-half-fednowr-instant-payments-network-potential-new-send
Financial IT
Square Selects Peach to Power Innovative Credit Card Program

Peach Finance, the leading modern loan management and servicing technology platform, today announced it is powering 

Wednesday, February 5, 2025 - 13:32
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/news/payments/square-selects-peach-power-innovative-credit-card-program
Financial IT
Checkbook Launches Global Push-to-Card Payments Powered by Visa Direct

Checkbook, a leading all-in-one payments platform, today announced the successful expansion of its Global Push-to-Card feature powered by Visa, a global leader in payments.

Wednesday, February 5, 2025 - 13:29
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/news/payments/checkbook-launches-global-push-card-payments-powered-visa-direct
Financial IT
NatWest Joins ParalympicsGB as Banking Partner and Extends Deal With Team GB to Los Angeles 2028

NatWest has joined ParalympicsGB as their official banking partner, and with an extension to their existing partnership with Team GB, will support both teams through the Milano-Cortina 2026 and Los Angeles 2028 Olympic and Paralympic Games.

Wednesday, February 5, 2025 - 13:25
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/news/infrastructure/natwest-joins-paralympicsgb-banking-partner-and-extends-deal-team-gb-los-angeles
Financial IT
Numeral Announces Fully Managed Verification of Payee (VOP)

Numeral, a Mambu company, a leading payment technology provider for financial institutions, today announces the launch of its fully managed Verification of Payee (VOP) solution, empowering financial institutions to comply with the European Union’s VOP regulation by the October 9, 2025 deadline. Numeral has also released its “ultimate guide to Verification Of Payee” to help financial institutions navigate VOP regulation. 

Wednesday, February 5, 2025 - 12:42
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Financial IT
IBM Study: Gen AI Will Elevate Financial Performance of Banks in 2025

IBM today released its annual expectations for technology and transformation in the global financial services industry in the year ahead in the IBM Institute for Business Value 2025 Outlook for Banking and Financial Markets.

Wednesday, February 5, 2025 - 12:37
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Financial IT

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