Cynergy Bank Lends a Total of £317m in Coronavirus Business Interruption Loan Scheme (Cbils) Loans
Cynergy Bank lends a total of £317M in Coronavirus Business Interruption Loan Scheme (CBILS) loans Cynergy Bank has successfully loaned over £317m to SMEs through the British Business Bank’s Coronavirus Business Interruption Loan Scheme (CBILS). Across 157 loans, 82 were for existing customers (£127.430m) and 75 to new clients (£189.661m) which supported businesses across the UK including many in the property, hospitality and healthcare sectors.
PeoplesBank & Nymbus Expand Partnership with Latest Core Banking Platform Upgrade
- 3 years 7 months ago
- Banking, Core Banking
NYMBUS®, a leading provider of banking technology solutions, today announced that PeoplesBank has selected Nymbus to modernize its core banking platform in order to best serve the institution’s customers and support cont
Sterling National Bank Goes Live with Cashfac’s Escrow Account Platform
- 3 years 7 months ago
- Transaction Banking, Cash management, Banking
Sterling National Bank (“Sterling”), the wholly-owned operating bank subsidiary of Sterling Bancorp (NYSE: STL) and Cashfac, a leading global financial technology company specialising in operational cash management, are pleased to announce that Sterling has moved into production with their new Virtual Account Manager, delivered through Cashfac’s Software as a Service based
Klarna Announces Winners of Its Inaugural £3m Small Business Support Package
Klarna launched its Small Business Support Package in July to help 100 retail SMEs get back on their feet 1,135 businesses across the country applied for the fund as half of retail SMEs (48%) have seen their revenue/turnover shrink since March 2020 Winners were spread across four categories; retail innovator, omnichannel trailblazer, sustainability champion and pandemic impact
Embark Investor Confidence Barometer: Investors Recognise Climate Responsibility, but Ambivalence to Act Remains
- 3 years 7 months ago
- Banking
- Responsible investing less important to younger investors - Concerning findings ahead of landmark climate summit
Fintech CEO: Brazil’s Crypto Projections in Line with Global Mainstreaming
- 3 years 7 months ago
- Cryptocurrencies, Banking
According to Central Bank of Brazil analysts, Brazilians have purchased more than $4B worth of cryptocurrencies so far in 2021 alone. It is expected that the number could reach as high as $8B in 2022. The purchases have not been the result of significant spiking activity, either. Each month since January, purchases have reached more than $350MM, though they reached more than $750MM in the month of May.
Minsait and Temenos Join Forces to Power Digital Transformation in Banking
- 3 years 7 months ago
- Open Banking, Payments, Banking, Cloud
Minsait will enable banks in Europe and LATAM to quickly launch new digital banking services using Temenos open cloud banking platform
Nordea Announces Commencement of Share Buy-back Programme
- 3 years 7 months ago
- Banking
Following our announcement on 16 September 2021 on received share buy-back approval from the European Central Bank (ECB), the Board of Directors of Nordea Bank Abp has decided to launch a share buy-back programme of up to EUR 2.0bn commencing on 22 October 2021 or as soon as possible thereafter.
ABA Bank and Smart Axiata Introduce IPification, Seamless Authentication and Registration Solution for ABA Mobile Banking Users
- 3 years 7 months ago
- Banking, Mobile Banking, Fraud Detection, Authentication Technology
ABA Bank and Smart Axiata continue to lead Cambodia’s digitalization by introducing the secure and customer-friendly solution for users’ identification and protection: IPification, a one-click registration, authentication, and fraud-prevention system. ABA Bank will introduce the seamless IPification technology to the subscribers of Smart Axiata, Cambodia’s leading telecommunications operator, soon followed by other operators in the country.
Digital Innovations Shaping the Future of Kingdom’s Banking Landscape
- 3 years 7 months ago
- Payments, Banking, Cybersecurity, IT Innovations
With the rise of automation and digitization, established and reputable organizations find themselves under great pressure, and we can see how this impacts the banking industry globally, for there has been a great deal of change that has given banks the opportunity to reevaluate their business models. Moreover, the pandemic has been a major factor in accelerating the digital transformation process, challenging banks to rethink their business... more
Izola Bank Selects HPD Lendscape to Transform Bank’s Factoring Technology
Izola Bank, a Maltese bank wholly owned by Belgium based Van Marcke Group, has chosen HPD Lendscape, a leading international secured-lending platform vendor, as the Bank’s new technology partner to replace the legacy working capital technology.
ING to Offer Compensation to Dutch Retail Customers With Certain Consumer Credit Products
ING announced today to offer a compensation to our Dutch retail customers with certain revolving consumer loans where the variable interest rate did not sufficiently follow market rates. With this step, ING reacts to a number of rulings by the Dutch Institute for Financial Disputes (Kifid) regarding similar products at other banks.
Path Solutions Receives Record-breaking Number of Awards at IFN Service Providers Poll
- 3 years 7 months ago
- Payments, Islamic Finance
Several honors and awards were recently bestowed on Path Solutions including the latest Best Islamic Technology Provider 2021 award from Islamic Finance news (IFN). For the first time in history, an Islamic banking software provider receives the most awards ever for its contribution to the growth of the Islamic financial services industry.
nCino and Accenture Help Judo Bank Transform its SME Business Banking Platform
- 3 years 7 months ago
- Banking, Cloud, Consultancy
Judo Bank is now live on the nCino Bank Operating System platform, providing a single digital engagement experience for its customers and employees
Banking Competition Remedies Ltd (BCR) Announces the Awards of Capability and Innovation Fund Pool F
- 3 years 7 months ago
- Fund Management, Banking
The Board of Banking Competition Remedies Ltd (BCR) today announces the results of the Capability and Innovation Fund Pool F grant process. The Capability and Innovation Fund Pool F was open to organisations that meet the same eligibility criteria as previous Pool A, B, and C bodies, which can be found here. The grants, which have a combined value of £12.5 million, are awarded as follows:
