London-based fintech iwoca raises £150m in equity and debt capital
- 6 years 10 months ago
- Banking, microfinance, P2P Lending
iwoca, one of Europe’s fastest growing small business lenders, today announces it has raised an additional £150m in equity and debt capital. The investment brings iwoca’s total funding to £350m. iwoca’s most recent fundraising included a Series D equity round led by Augmentum Fintech, the specialist fintech venture capital investor. NIBC Bank and other existing investors, including Prime Ventures, also participated.
ISG Provider LensTM Names HCL Technologies a Leader in Development of Next Gen Banking, Financial, and Insurance Applications
- 6 years 10 months ago
- Banking
HCL Technologies (HCL), a leading global technology company, has been recognized as a leader in providing Next Gen Application Development and Maintenance (ADM) for the banking, financial service, and insurance (BFSI) sectors, according to 2018 ISG Providers Lens TM Quadrant Report. According to ISG, HCL has emerged as a leader among service providers, because of its rich toolset, strategic partnerships, and micro-verticalized focus in... more
Barclays accelerates growth of Pay by Bank app
Starting today, Barclaycard merchants now have the opportunity to accept mobile payments through Pay by Bank app, the new payment method created by Mastercard’s Vocalink business. In addition, a greater number of consumers will also be able to pay using the functionality; in 2020 Barclays will be rolling out Pay by Bank app, currently live on its Pingit app, on its Barclays Mobile Banking App. This means over 6m users will be able to benefit... more
TransferTo announces rebrand with the creation of two market defining companies: DT One and Thunes
- 6 years 10 months ago
- Payments, Mobile Banking
Today, TransferTo, a cross-border mobile top-ups and payment solutions network provider has announced a full rebrand, effective immediately, with two separate company brands, logos and identities. TransferTo’s mobile top-up and rewards business, founded in 2005, has now changed its name to DT One and remains a leading global network for mobile top-up solutions and innovative mobile rewards.
Saudi’s Agricultural Development Fund chooses Finastra to enhance credit services
- 6 years 10 months ago
- Banking
Finastra’s core banking solution, Fusion Essence, has been chosen to power Saudi Arabia’s Agricultural Development Fund’s lending services.
Wallis Bank Launches New Services to Enhance Customer Experience and Security Online
- 6 years 10 months ago
- Banking, Security, Infrastructure
Wallis Bank has launched a number of new features for its customers allowing for more convenient access to their online accounts without sacrificing security. New services include Wallis 360, a revamped treasury management system for both small and large businesses; CardValet®, a mobile application for online debit card control; and Wallis Bank Mobile, a retail banking application recently updated for mobile deposits.
Commerzbank: ECB reduces capital requirements (SREP)
- 6 years 10 months ago
- Banking
The European Central Bank (ECB) has reduced the bank-specific capital requirements (Pillar 2 Requirement) for Commerzbank by 0.25 percentage points to 2.0% after the 2018 Supervisory Review and Evaluation Process (SREP). This reflects the major progress the Bank made in the improvement of its risk profile, including the reduction of its credit risks.
The First Norwegian Bank Selected to Demo at Finovate
- 6 years 10 months ago
- Banking, Cloud, Infrastructure
Monobank, a cloud-based bank focused on consumer finance in the Nordics, showcased its new white label credit card app Mono Pay for Europe's finance and fintech industry in London.
AdviceRobo Unveils JACQ at FinovateEurope
- 6 years 10 months ago
- Banking, Risk Management, Portfolio Risk, Credit Risk
Temenos strengthens its Executive Committee
- 6 years 10 months ago
- Banking
Temenos AG (SIX: TEMN), the banking software company, today announces it is strengthening its Executive Committee, having already announced outstanding Q4 and full year 2018 results and the appointment of Max Chuard as Chief Executive Officer and Panagiotis “Takis” Spiliopoulos as Chief Financial Officer (more information can be found by following this link).
Advapay Digital Banking conference in Tallinn was a success
- 6 years 10 months ago
- Banking
On February 8, Advapay held its next conference in Tallinn on “Digital Banking: Electronic Money and Cryptocurrency. Regulation vs technology”. The venue was not chosen by chance, because Estonia is one of the most loyal states to the cryptocurrency and blockchain. During the event, the guests discussed trends in the development of banking services and the payment market in 2019.
Mastercard Selects Token.io as a Partner for its New Open Banking Hub
- 6 years 10 months ago
- Banking
Turnkey open banking platform provider, Token.io Limited, today announces it has been selected by Mastercard to power the connectivity layer of its open banking hub. The hub will connect merchants, retailers and other regulated third parties to financial institutions in Europe for data and payment transactions. Further to the announcement in June 2018, Mastercard’s services will include:
UBank Collaborates With FaceMe to Launch World's First 'Digital Human' Home Loan Application Assistant
- 6 years 10 months ago
- Banking, Infrastructure
UBank has announced customers will soon have access to the world's first digital home loan application assistant, powered by artificial intelligence (AI). Mia, short for My Interactive Agent, will begin taking customer questions in late February 2019, and aims to create a smarter, simpler home loan application experience. UBank CEO Lee Hatton and FaceMe CEO Danny Tomsett will be on stage at IBM Think 2019 sharing about Mia who makes use of both... more
Sberbank to create human science and behaviour lab
- 6 years 10 months ago
- Banking, Infrastructure
Sberbank actively develops the activities of its laboratories, which include: AI, robotics, VR and AR, and other laboratories.
