Chip launches Interest Accounts, a platform that negotiates better rates on your behalf
- 4 years 11 months ago
- Banking
Chip, the clever savings app that has helped its users put aside more than £150 million to date, has begun the roll-out of Interest Accounts in a move towards democratising savings. The first savings account to be available via the new platform is eligible for the Financial Services Compensation Scheme (FSCS) and offers a highly competitive easy access rate of 0.90% AER (Annual Equivalent Rate). The rate is above inflation and significantly... more
SEED Group partners with ABAKA to bring the world’s first AI-powered digital saving and retirement platform to the UAE
- 4 years 11 months ago
- Artificial Intelligence, Banking, SaaS
SEED Group, a subsidiary company of The Private Office of Sheikh Saeed bin Ahmed Al Maktoum, today announced a strategic partnership with ABAKA, the global leader in digital saving and retirement enterprise SaaS solutions, that will allow United Arab Emirates (UAE) financial institutions to integrate ABAKA’s
A fifth of Brits consider switching savings account in the next year, making the savings market a key battleground between incumbents and challenger banks
- 4 years 11 months ago
- Banking
New research by fintech company Deposit Solutions suggests that the country’s largest retail banking brands’ ascendency in the savings account market could be under threat. According to Deposit Solutions’ analysis, a fifth (20%) of British consumers are considering switching savings account provider in the next 12 months.
Tide strikes strategic partnership with Mastercard as principal issuer
- 4 years 11 months ago
- Banking
Tide, the UK’s leading business banking platform, has announced the start of a new multi-year strategic partnership with Mastercard to further enhance its innovative SME banking services, with Tide becoming a principle Mastercard issuer. This partnership cements Tide’s position as a leader in digital business banking, and means Tide will now settle funds directly with Mastercard.
Banks must resolve explainability and “black box” risk governance challenges to succeed with AI post-pandemic, says Economist Intelligence Unit report supported by Temenos
- 4 years 11 months ago
- Artificial Intelligence, Banking, Data, Risk Management
Data bias, “black box” risk, and lack of human oversight are the main governance issues for banks using AI, according to the Economist Intelligence Unit (EIU) report “Overseeing AI: Governing artificial intelligence in banking”. The report is based on a review of global regulatory guidance on AI risks and governance in banking carried out by the EIU on behalf of Temenos (SIX: TEMN), the banking software company.
Backbase expands APAC presence with new ANZ offices
- 4 years 11 months ago
- Banking
Digital banking software provider, Backbase, has today announced the launch of its new offices in Sydney and Melbourne. With the expansion, Backbase is well positioned to cater to the evolving digital banking landscape in Australia and New Zealand (ANZ).
Lanistar agrees £150M valuation with fresh £15M VC funding
- 4 years 11 months ago
- Banking
London Lanistar, the hassle free banking alternative set to revolutionise how customers streamline their money, has today announced that it has agreed terms in its latest funding round, raising £15 million. Milaya Capital’s investment sees the VC value Lanistar at £150 million ahead of its winter 2020 launch, after agreeing terms to contribute £15 million in exchange for a 10% stake in the company.
Royal Bank of Scotland (RBS) Leverages Mphasis’ Testing Centre of Excellence to Support Business Alignment Objectives
Mphasis (BSE: 526299; NSE: MPHASIS), an Information Technology (IT) solutions provider specialising in cloud and cognitive services, has signed a multi-year deal with Royal Bank of Scotland plc, one of the largest international banking and financial services companies.
OpenPayd unveils crypto banking and payments proposition amid unprecedented sector growth
- 4 years 11 months ago
- Cryptocurrencies, Banking
OpenPayd, the API-led Banking-as-a-Service provider, today unveils its banking and payments solution for digital currency businesses. The proposition provides cryptocurrency businesses with access to a range of banking and payments networks, at a time when exchanges have been experiencing their highest trading volumes.
ezbob Submits Bid for Part of BCR’s £100m Pool E
- 4 years 11 months ago
- Alternative Finance
ezbob, an established technology provider that powers the digital SME lending arm of several UK banks has today announced that it has submitted its proposal for part of the BCR’s (Banking Competition Remedies) £100m Pool E.
CaixaBank to enable non-residents to open an account and apply for a mortgage online
- 4 years 11 months ago
- Banking
CaixaBank, Spain’s leading retail bank headed by chairman Jordi Gual and chief executive officer Gonzalo Gortázar, has become the country’s first bank to present two digital solutions to accompany and facilitate banking for Spain's non-residents. The new platform for digital on-boarding with the bank allows non-residents of Spain to sign up with HolaBank, the bank's program intended for the international community, in a digital way, from any... more
Paymentology eyes the Middle East as competition to attract digital-ready customers grows
- 4 years 11 months ago
- Banking
UK cloud-based payment processor, Paymentology announces the expansion of its Middle East operation to meet the projected growth of digital banking in the region. With the appointment of Ashkay Patel as General Manager for the Middle East, and additions to the current teams based at the Dubai office and 24/7 contact centre in Pakistan, Paymentology is positioned for rapid growth, particularly with Wirecard’s potential exit from the market.
Yolt helps users save on bills through partnership with flexible motor insurance provider By Miles
- 4 years 11 months ago
- Banking
Yolt, the smart thinking money app, has expanded its network of partners today, announcing a new in-app partnership with pay-by-mile car insurance provider,
Allica Bank launches 95-day notice account for personal savers
- 4 years 11 months ago
- Banking
Allica Bank – the business bank that seeks to empower small and medium sized businesses – has today announced the launch of a 95-day notice account for personal savers. It will offer a variable rate of interest, which currently sits at 1.10% AER. Accounts can be opened online with a minimum deposit of £1,000 and a limit of £250,000. They will also be protected by the Financial Services Compensation Scheme on up to £85,000. Savers can then manage... more
Path Solutions top IBS Islamic Sales League Table 2020
- 4 years 11 months ago
- Islamic Finance
Path Solutions, a global banking software provider, was announced by IBS Intelligence as the leader in the Islamic financial services sector in IBS Islamic Sales League Table (SLT) 2020. For the eighth year in a row, Path Solutions was recognized the undisputed leader in Islamic Banking with more new Islamic deals signed in 2019 than any of its industry peers. The company is part of the iconic IBSI Leadership Club 2020 for back office systems,... more
