Low-code technology boosts the growth of specialist bank
- 5 years 4 weeks ago
- Banking, Infrastructure
Hampshire Trust Bank (HTB) is a digitally-focussed specialist bank staffed by experts that enable UK businesses to realise their ambitions. Primary operations include development finance, specialist mortgages and specialist business finance (including wholesale, block-discounting, structured asset finance and classic cars). HTB also provides award-winning savings accounts to individuals and businesses. With an ambitious growth target in mind,... more
Coronavirus Large Business Interruption Loan Scheme to Open on Monday
The Chancellor of the Exchequer today announced details of the Coronavirus Large Business Interruption Loan Scheme (CLBILS). Delivered by lenders accredited by the British Business Bank, the new scheme provides finance to mid-sized and larger UK businesses with turnover above £45m (the upper limit for the existing smaller-business focused CBILS).
ADIB is the first Islamic Bank to use Blockchain technology for trade distribution
- 5 years 4 weeks ago
- Blockchain, Islamic Finance
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has become the first Islamic bank to successfully execute trade finance distribution transactions using Blockchain technology. The cross-border transactions, which were completed with multiple based banks, were made possible through ADIB's partnership with TradeAssets, a trade finance e-marketplace powered by Blockchain technology to help digitize the traditional processes... more
Funding Circle Accredited Under the Coronavirus Business Interruption Loan Scheme
Funding Circle, the small business loans platform, has today been approved for accreditation by the British Business Bank under the Coronavirus Business Interruption Loan Scheme (CBILS), term loan variant. Funding Circle expects to open CBILS applications within the next week once it has completed the required legal and operational approvals with the Bank.
Sopra Banking Software Releases Cassiopae V4.7 as Scheduled
- 5 years 4 weeks ago
- Alternative Finance
Sopra Banking Software released on March 31 Cassiopae V4.7, a leasing and lending application, which is part of the company’s Sopra Financing Platform. The company met the ambitious release date announced ten months ago. The new release, Cassiopae V4.7, includes an enhanced digital portal for dealers and merchants, credit card processing via electronic payment partners, revolving credit for individuals, and improvements in the management of real... more
Santander launches PagoFX in the UK to offer fast, secure and low-cost international transfers with no fees for two months
- 5 years 1 month ago
- Banking
Banco Santander today announced the launch of PagoFX, a low-cost international money transfer service, in the UK. This new service, available via a mobile app, allows UK residents with a debit card issued by any UK bank or financial entity to seamlessly and quickly send money abroad from their smartphone with low costs, bank-level security and customer support via in-app chat, web and e-mail. In light of the ongoing coronavirus pandemic,PagoFX... more
Auriga acquires the award-winning ATM cybersecurity solution Lookwise Device Manager from leading managed security services provider S21sec
Auriga, a leading supplier of technological solutions for the omnichannel banking and payments industries, announces the acquisition of Lookwise Device Manager (LDM), a modular security platform and cybersecurity business unit from S21sec, a leading European managed security services player. S21sec is part of Sonae IM’s portfolio, a corporate venture capital firm investing in cybersecurity, retail and telecommunications technology companies.
Appian helps banks automate lending for UK COVID crisis
- 5 years 1 month ago
- Banking
Appian today announced an application built on its Low-Code Automation Platform to support accredited lenders across the UK to manage the Coronavirus Business Interruption Loan Scheme (CBILS) applications from businesses, as well as the anticipated Coronavirus Large Business Interruption Loan Scheme (CLBILS). The new loan application can automate and check eligibility, process and verify required supporting documents, and make lending decisions... more
Allica Bank launches a (1.49%) 12-month fixed term deposit account for retail savers
- 5 years 1 month ago
- Banking
Allica Bank – the business bank that seeks to empower small and medium sized businesses – has today announced the launch of its first deposit account, for retail savers. The FSCS protected accounts will offer a 1.49% rate of interest, fixed for 12 months. Accounts can be opened online and managed through the bank’s internet banking platform and secure messaging service.
Hong Kong’s First Virtual Bank Selects Wolters Kluwer’s OneSumX for Regulatory Reporting
- 5 years 1 month ago
- Banking
ZA Bank, the first virtual bank in Hong Kong, has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting as its regulatory reporting software. OneSumX for Regulatory Reporting combines bank data into a single source of data to ensure consistency, reconciliation and accuracy and includes Wolters Kluwer’s Regulatory Update Service. This unique service is maintained by Wolters Kluwer experts who actively monitor regulation in 30 countries.
Meniga continues successful collaboration with UniCredit to launch enhanced version of the Smart Banking app in the Czech Republic
- 5 years 1 month ago
- Banking
Meniga (www.meniga.com), a leading provider of digital banking technology, has partnered with global banking and financial services company, UniCredit, to launch an enhanced version of the popular Smart Banking app in the Czech Republic. The development of the new Smart Banking app follows Meniga’s and UniCredit’s collaboration on the successful launch of the Mbanking app, in Serbia in 2019.
Backbase and Codat partner to help small businesses manage their cash-flow
- 5 years 1 month ago
- Platform Technology, Banking
Backbase, the omni-channel Digital Banking platform, has partnered with Codat, the SME financial data exchange provider, to provide FI’s with easy connectivity to the world’s leading accounting platforms. As a result, Backbase commercial banking clients can deliver a faster, more convenient experience to SMEs by tightly integrating bank products with the financial applications SMEs use to run their business.
Tide and Hokodo introduce Invoice Protection to support SMEs during Coronavirus crisis
- 5 years 1 month ago
- Covid-19, Insurtech, Banking, Accounting
Tide, the UK’s leading business banking platform[1], has launched a new Invoice Protection product in partnership with insurance solutions provider, Hokodo, to help micro, small and medium-sized businesses protect their cash flow against the late and non-payment of invoices.
TietoEVRY integration progressing as planned – employee consultations initiated to drive merger-related efficiencies
TietoEVRY is taking the next step in the integration to ensure its position as the leading digital services and software company in the Nordics. A unified organization has now been established and the next step involves the drive for merger-related efficiencies. Consultation processes to ensure optimized operations and reduce overlaps have been initiated.
Temenos helps US banks and credit unions to respond rapidly to surging demand for emergency loans for small businesses during Covid-19
- 5 years 1 month ago
- Banking
Temenos (SIX: TEMN), the banking software company, announced today that its Temenos Infinity digital omnichannel product is enabling US banks and credit unions to accelerate loan applications to small businesses under the U.S. Small Business Administration (SBA) Paycheck Protection Program ( PPP).
