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Barclays and Propel to Provide SMEs With Speedy Access to Asset Finance
- 26.09.2020 09:53 am
- 19
- Covid-19, Lending, Asset Management, Banking
Barclays Business Banking has announced that it will be the first High Street bank to partner with Propel, a specialist asset finance provider, to offer equipment and vehicle finance via an online platform to one million of their small and medium sized (SME) customers.
Nordea Wins Surecomp Global Hackathon with Bank Guarantee Request App
Surecomp®, the leading provider of global trade finance solutions for banks and corporates, today announced that one of its customers, Nordea Bank Abp, is being recognized as the 2020 Surecomp Global Hackathon winner, for creating a new workflow to initiate bank guarantee requests together with additional financing options.
Mphasis Partners With Upswot to Offer Marketing Insights Though Alternative Data for Business Banking
Mphasis, an Information Technology (IT) solutions provider specializing in cloud and cognitive services, today announced its strategic partnership with US-based Upswot, a fintech startup, that provides an innovative technology platform to help banks and other financial institutions increase sales and marketing insights for business banking customers, through alternative data.
ClearBank and Tide Granted £25M to Help UK SMEs Recover From Pandemic
- 23.09.2020 10:41 am
- 18
- Covid-19, Lending, Investment, Banking
ClearBank, the cloud-native clearing bank, in partnership with Tide, the UK’s leading business banking platform [1], have been awarded £25m to help UK SMEs turn recovery from the coronavirus crisis into a growth opportunity. The funding will be used to provide financial support and products to help SMEs address the challenges they will face in the post-coronavirus and post-Brexit economic environment and to seize on the opportunities that come... more
Temenos Offers E2E Digital Account Opening and Funding in 90 Seconds
Temenos (SIX: TEMN), the banking software company, today announced that Temenos Infinity now offers a real-time, end-to end account opening and onboarding digital experience in just seconds. The account is fully funded and ready for customer use. The simplicity and unparalleled speed of the Temenos onboarding process combined with KYC and AML checks helps banks and credit unions increase conversion rates and drastically reduce operating costs.
Finzly Wins “Best Enterprise Payments Solution” and “Best of Show” at FinovateFall 2020
Finzly, a fintech provider of modern banking applications for foreign exchange, trade finance, payments and digital banking, has been awarded “Best Enterprise Payments Solution” for Payment Galaxy (Finzly’s Payment Hub) at the 2020 Finovate Awards.
EasySend Raises $16M to Enable Insurance Companies and Financial Institutions to Build a No-Code Digital Future
- 22.09.2020 04:45 pm
- 12
- Investment, Banking, Insurance
EasySend, the no-code AI-powered platform transforming manual processes into digital journeys, today announced it has raised $16 million in funding following the completion of an $11 million Series A round led by Hanaco with participation from Intel Capital. The investment follows a previously undisclosed $5 million seed round from existing investors Vertex Ventures and Menora Insurance and will enable the company to double its current staff... more
XPS Accelerates Growth using Cashfac’s Virtual Accounts Platform
XPS Pensions Group is one of the largest pensions consultancies in the UK. They manage the day-to-day administration of over 1,000 corporate pension schemes, administering pensions for more than 870,000 members and employing around 1,200 staff across their 15 UK locations.
Tribe Payments and Currencycloud Partner to Bring New BaaS solution to Fintechs and Digital Banks
Currencycloud, the leader in providing B2B embedded cross-border solutions, and Tribe Payments, a tech company dedicated to deliver the future of payments technology across the ecosystem, have partnered to deliver complete transparency to foreign exchange costs charged on international card transactions, whilst also giving customers access to multi-currency wallets.
Avaloq Strengthens Its Implementation Capabilities With a New Partnership and a Status Upgrade
Avaloq, a leader in digital banking solutions announces Confinale’s upgrade to “Premium Implementation Partner” status and introduces Infinogy as a new “Special Service Partner”.
Neo Launches Multi-Currency Account for SMEs
Neo, the treasury management, payments and FX fintech, is launching a new international multi-currency account service for small and medium-sized enterprises (SMEs). Currently, treasurers, CFOs and finance professionals are hampered by the need to navigate multiple accounts with different bank providers – many of which operate in silos – meaning that they are unable to monitor their cash flow, payments and currency exposure effectively.
ClearBank Becomes First Clearing Bank to Offer Multi-Currency Bank Accounts via API
ClearBank, the cloud-based clearing bank, has become the first clearing bank to offer multi-currency bank accounts via API.
Paymentology and Thought Machine Collaborate to Create Digital Banking Platform
Paymentology, the UK cloud-native payment processor, is partnering with digital banking platform Thought Machine, to bring rapid integration solutions to established and challenger banks. By delivering a direct payment processing integration into Thought Machine’s Vault, the partnership will see the creation of a future banking module that removes the need for middleware.
Commerzbank Issues the Second Own Green Bond €500 Million Worth
Commerzbank AG has today very successfully issued another Green Bond with an issuance volume of €500 million. It is the Bank’s second own Green Bond after the first issuance in October 2018. The Bank will use the proceeds to refinance renewable energy projects.
FT Survey: 78% Say UK Banks Have “Surprised Themselves” With Their Adaptability During COVID-19
Appian (NASDAQ: APPN) today published survey results examining the response of the UK banking sector to the coronavirus pandemic, revealing that nearly three-quarters of respondents say their organisation has become more innovative as a result.
