British Patient Capital Announces $75m Commitment to $680m Balderton Capital Growth fund
- 2 years 10 months ago
- E-Commerce, Banking
British Patient Capital announces a $75m cornerstone commitment to Balderton Capital Growth I, as Balderton Capital announces its final close today at $680m.
Meniga Continues Collaboration with Nordea Sweden to Bolster its Digital Banking Offering with Personalized Cashback Rewards
- 2 years 10 months ago
- Management, Banking
● Following a successful year of collaboration, Meniga has consolidated its partnership with Nordea by continuing the integration of its market-leading cashback rewards platform within Nordea’s own mobile banking app in Sweden.
Mastercard True Name® Feature Expands Across the Globe Supporting Transgender and Non-Binary Communities Worldwide
As PRIDE month kicks off, Mastercard is proud to announce the expansion of its True Name® card feature across the globe as Global Payments, a leading provider of payment technology and software solutions, implements this feature for its TSYS issuer customers. In addition, Mastercard partners across Europe and North America will enable cardholders to leverage their chosen name on their card offerings, including bunq and Monzo as the first issuers... more
Mobey Forum Report Reveals ‘Privacy Blind Spot’ in Digital Banking Industry
In today’s data-driven world, the banking industry relies too heavily on legacy data privacy enhancing technologies. This reliance, together with the restrictions on financial data usage imposed by regulation, is inhibiting data-driven innovation across the industry. These are just some of the strategic insights conveyed in a new research report launched today by Mobey Forum’s AI & Data Privacy Expert Group.
UKRSIBBANK and Dreams Launch new Digital Banking Solution to Improve Financial Wellbeing for 2 Million Users in Ukraine
The Dreams financial wellbeing platform - which is now embedded in UKRSIBBANK’s mobile banking app - will help the Ukrainian bank’s 2 million customers keep their finances on track and improve their financial lives. The updated mobile banking app will also help UKRSIBBANK enhance its digital user experience, drive customer engagement and boost loyalty.
Soneri Mustaqeem Signs an Agreement with Path Solutions on iMAL Sharia-Compliant Profit Calculation System
- 2 years 10 months ago
- APIs, Banking, Islamic Finance
Path Solutions, a global Islamic fintech house and Soneri Mustaqeem, an Islamic Banking Division of Soneri Bank Limited, announce the selection of iMAL Sharia-compliant Profit Calculation System to ensure industry’s best practices for Sharia compliance.
PayNearby and IndiaFirst Life Introduce Bespoke Life Insurance Solutions for Retailers to Cover Life, Health, and Disability
As part of its Shop Owners Benefit Program, PayNearby - India’s leading branchless banking and digital payments network - has launched a unique insurance solution ‘Poorna Suraksha’ for its retail community. In a first of its kind initiative, this exclusive and holistic insurance solution will ensure the safety and security of PayNearby’s 15+ lakh retail partners across 17,500+ PIN codes.
Chetwood Financial Strengthens Leadership Team with Appointment of New CFO
- 2 years 10 months ago
- Banking, People Moves
Chetwood Financial (“Chetwood”) announced today the appointment of Simon Allsop as Chief Financial Officer. Simon who will be based in Wrexham, joins from OneSavings Bank where he was Group Director of Capital Markets. Prior to this he held senior positions at Fitch Ratings and Charter Court Financial Services, where he was a key member of the management team that led the company through its 2017 IPO and merger with OneSavings Bank in 2019.
Virgin Money Australia Digital Bank Goes Live with Temenos
· Challenger digital bank goes live on The Temenos Banking Cloud, creating a unique digital service that simplifies banking, rewards customers and helps them achieve their financial goals · Successful launch of new digital bank paves the way for a transition to The Temenos Banking Cloud solution for all retail brands under the Bank of Queensland umbrella
SKB Banka, Member of OTP Group, Partners with Backbase to Accelerate Digital Transformation
- 2 years 10 months ago
- Banking
Slovenia-based SKB banka (SKB) has today announced its partnership with Engagement Banking technology provider, Backbase, to accelerate its digital transformation and ensure a seamless banking experience for all new and existing customers. The partnership will see SKB adopting Backbase’s Engagement Banking Platform, enabling it to provide digital banking and digital sales solutions to its retail, SME and corporate banking customers, enabling... more
Digital Banking Market to Hit $2.5T Transaction Value in 2021, a Massive 70% Jump in a Year
- 2 years 11 months ago
- Banking, Online Banking
Even before the pandemic, the global digital banking market had been growing rapidly, with millions of people choosing an app or web-based bank over a traditional high-street financial institution. However, the COVID-19 had accelerated the shift to digital banking like never before, as customer expectations changed during the pandemic.
RBI's Digital Basket – Simple Loans for Scale-ups for the First Time
- 2 years 11 months ago
- Banking
€ 100 million for online companies that have outgrown the start-up phase ∙ Loan volume between € 1 and € 7 million RBI one of the first corporate banks to offer targeted debt capital for digital industries Raiffeisen Bank International (RBI) has launched one of the largest European financing programs for digital growth companies. With a total volume of € 100 million, online companies that have already outgrown the early start-up phase... more
Arkéa Banking Services Selects Finastra’s Fusion Risk to Support Operational Transformation of Financial Institutions in France
Finastra today announced that Arkéa Banking Services, a subsidiary of Crédit Mutuel Arkéa and a major player in the provision of banking and insurance services in France, has selected Finastra’s Fusion Risk solution to help streamline operational processes and reduce operational costs for local banks.
Sionic and Revelock Join Forces to Help Banks and Financial Services Providers Fight Fraud
Revelock , a pioneer in behavioural biometric based online fraud prevention, has today announced it is partnering with Sionic, the global financial services consultancy, to help banks and financial services providers around the world take a more proactive approach to detecting and responding to fraud.
MCB to Adopt MITECH’s TRAC Collateral Management System on a Cloud
- 2 years 11 months ago
- Trading Systems, Management, Banking
The Mauritius Commercial Bank Ltd (MCB) is adopting MITECH’s system TRAC (Trade Risk Active Control) to support a continuous and significant growth in its Commodity Trade Finance (CTF) business. TRAC is a Trade Risk and Collateral Management system supporting Structured Trade Commodity Finance. The TRAC solution handles not only Transactional Commodity Finance but Borrowing Base structures as well.
