Furlough Fatigued: Uk’s Overworked Finance Teams Must Now Prepare for Mass Job Exodus
- 3 years 6 months ago
- Banking
With furlough ended, new research reveals that over half (54%) of Finance Managers and Directors are applying for new roles or considering leaving their jobs Mental health also at all-time low with over a third (36%) experiencing burnout or exhaustion
Why Banks Need Powerful, Agile Data Preparation Solutions for Accurate and Timely Regulatory Reporting
- 3 years 6 months ago
- Banking
Where there is data, there is regulation. Most financial institutions including banks and insurance companies deal with a complex web of external, local and global regulations, all requiring them to submit regular reports about their business to comply with KYC, AML, CFT, and other regulations.. However, due to obsolete IT infrastructure, data silos, and lack of data taxonomies, and manual processes, meeting these regulations proves to be a far... more
Compass Plus Shortlisted in the Banking Tech Awards 2021
Compass Plus has made the final shortlist at the Banking Awards 2021 in recognition of its notable contribution to the industry to help fight the Coronavirus pandemic – aiding and supporting companies/individuals from the industry ecosystem economically, socially, and financially. The ‘COVID-19 Response by Fintechs’ category recognises leading payments software providers that adapted their operations to meet and exceed the needs of their... more
Recovery Loan Scheme Offers Over £1Bn to Smaller Businesses
£1.06bn offered through almost 6,200 facilities to smaller businesses across the UK Over 5,100 facilities have already drawn down, providing £823m of funding The British Business Bank announces today that the Recovery Loan Scheme has passed a significant milestone, with 76 accredited lenders having offered over £1bn to smaller UK businesses as they steer a path towards a sustainable recovery.
Tinkoff Capital Receives Trust Management Licence
- 3 years 6 months ago
- Management, Banking
Tinkoff Capital Management Company has been licensed as a professional securities management operator. The licence will allow Tinkoff Capital MC to manage customer assets.
CGI Partners With Banks to Pilot Intelligent Automation
- 3 years 6 months ago
- Banking, Consultancy
CGI has partnered with the Bank of Montreal (BMO) and the National Bank of Canada (NBC) to pilot the use of intelligent process automation in capturing, identifying and classifying documents as part of the CGI Trade360 global trade platform’s transaction flow.
Drawbridge Wins ‘Best Cyber Security Provider’ at the 2021 Private Equity Wire US Awards
- 3 years 6 months ago
- Investment, Alternative Finance, Security
Drawbridge, a premier provider of cybersecurity software and solutions to the alternative investment industry, today announced it was named ‘Best Cyber Security Provider’ at the 2021 Private Equity Wire US Awards.
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 6 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 6 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 6 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 6 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 6 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 6 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.
