UK Venture Capital Fund Performance Increased Sharply Over the Last year, Finds Latest Research by the British Business Bank
- 26.11.2021 09:40 am
Performance of UK VC funds has increased sharply over the last 12 months
- 25.11.2021 03:40 pm
SME challenger bank Allica has agreed a £110 million Series B funding round led by Atalaya Capital Management, alongside existing lead investor Warwick Capital Partners. The new equity injection comes just days after the startup boosted its profitability ambitions by agreeing to buy the £600 million British small business loan book of Allied Irish Bank.
Bankdata, one of the largest Danish fintech companies, has recently completed the most substantial front-to-back-to-risk re-platforming program in its history: the implementation of a shared capital markets platform for eight Danish banks. Regulatory compliance was a key driver for implementing Murex’s MX.3 platform.
- 25.11.2021 11:00 am
Unit, the New York-based banking-as-a-service platform (BaaS), has partnered with Currencycloud, the experts simplifying business in a multi-currency world, to offer their customers an easy, seamless way to fulfill both domestic and international banking needs. Unit is a banking-as-a-service platform that empowers companies to embed banking features into their product to build and launch next-generation bank accounts, cards, payments, and... more
- 25.11.2021 10:45 am
Despite growing up with the digital revolution, younger people want online banking to form a range of services rather than replace human interaction completely, according to a new survey. Prior to the pandemic, internet banking was already an integral part of banking for many, but during the pandemic, customers moved online in considerably larger numbers. In the past year we have seen a significant boost to the digitalisation of banking due to... more
60 percent of responding UK consumers plan to do all their Christmas shopping online this year. · 43 percent of millennials respond that they want to use Buy-Now Pay-Later (BNPL) to pay for their Christmas shopping. · 1 in 4 of all UK Christmas purchases will be returned but returns are projected to drop to 15 percent when bought through BNPL.
The partnership will allow CellPoint Digital customers to incorporate Vyne into its payment ecosystem and access instant payments without a need for direct integration.
- 25.11.2021 08:00 am
The latest cooperation between Ecobank Group and the European Investment Bank to support private sector investment across Africa was formally agreed at the EU Delegation to Togo in Lomé
By Lina Andolf-Orup, Senior Director, Global Marketing at Fingerprint Cards
- 24.11.2021 03:30 pm
Funding round led by new investor Atalaya Capital Management, alongside Allica’s existing lead investor Warwick Capital Partners New funding will support Allica’s continued scaling as well as acquisition of AIB SME lending portfolio Allica Bank, the leading fintech SME challenger bank, announces a £110m Series B funding round led by Atalaya Capital Management*, alongside existing lead investor Warwick Capital Partners.
- 24.11.2021 01:45 pm
- Alternative Finance
Dashboard will provide overview of vulnerability across the whole client base to improve insight into customer outcomes and how they can be improved The dashboard will be invaluable for firms reporting back to the Financial Conduct Authority, especially ahead of new regulations in 2022
● Digital-first credit card powered by a mobile app to offer seamless smart-banking experience ● To offer lifetime validity and zero joining fee with a 100% digital onboarding process ● Virtual credit card to be delivered in under 3 minutes and metal card to be delivered in 3-5 days ● Cards to be issued by BFSL, managed by OneCard, and powered by VISA
10th Global Islamic Microfinance Forum to be held in Dubai-United Arab Emirates Accelerating the Poverty Reduction in the World
10th Global Islamic Microfinance Forum (GIMF) will convoke in Dubai -United Arab Emirates on 12th-14th December, 2021 under the theme of “Evidence of Impact and Financial Inclusion” to explore and discuss innovative financial inclusion strategies that can create clear pathways to poverty alleviation. This Apex event is organized by AlHuda CIBE and Sponsored by Islamic Corporation for the Development of the Private Sector- ICD.
The Temenos Exchange will help Fintechs to develop, validate and monetize new banking solutions on top of Temenos’ Open Banking Platform
Contis, a leading Banking-as-a-service (BaaS) provider in Europe, has today announced the expansion of its offering in Germany following its partnership with NAGA.