Allica Bank Acquires £0.6bn Sme Lending Portfolio from Aib
- 3 years 9 months ago
- Banking
Bank acquires £0.6 billion SME lending portfolio from AIB Group Plc (AIB) Allica Bank excited to offer a secure and sustainable home to AIB SME lending customers in Great Britain Acquisition brings forward Allica Bank’s target profitability date to the middle of 2022, with total combined lending book to be over £1 billion
Atom Becomes Largest Company in Britain to Introduce four-day Working Week and rRduced Hours for all Employees, with no Reduction in Salary
- 3 years 9 months ago
- Banking
Starting on 1 November 2021, Atom bank introduced a four-day working week for all employees Employees’ salaries will not be changed, despite a reduction in working hours from 37 to 34 per week Atom’s move to a four-day working week is to support improved employee mental and physical wellbeing together with improved business productivity Atom will continue to offer customers multi-award winning support, seven days a week
Sber's Software Asset Management Project is the Best in Europe
- 3 years 9 months ago
- Banking
Sber has received the SAMS Europe Award for the best software asset management project. The European professional community praised Sber’s “Integrated SAM Solution at Sberbank” project, which took first place. It is the first time a Russian company has won first place in the history of the award.
AllianceBlock Announces the Release of AllianceBlock DEX, Designed to Lower Impermanent Loss and Create a Safer, Lower Risk Environment
- 3 years 9 months ago
- Banking
Setting a new industry standard, AllianceBlock DEX’s novel mathematical model synchronizes two automated market makers to reduce impermanent loss In line with its mission to bridge the gap between decentralized and traditional finance, AllianceBlock has deployed the AllianceBlock DEX Testnet on renowned blockchains Polygon and Energy Web Chain.
Spandana Sphoorty Announces Shalabh Saxena as the MD and CEO, and also Announces Other Key Business Updates
- 3 years 9 months ago
- Alternative Finance, microfinance
Additionally, Ashish Damani will take over as President and Chief Financial Officer, and Abanti Mitra to take over as Chairperson of the Board, while Deepak Vaidya will continue as an Independent Director Spandana Sphoorty Financial Limited’s Board of Directors met today and discussed several critical matters related to the leadership transition and business operations. Key Leadership Updates:
Irish Bank Commits € 5 Million to Synch, a Joint Venture for Payment Apps
The four Irish banks seeking to set up a money-transfer app to rival Revolut have raised an additional €5 million to fund the venture.
1 in 3 British Consumers Formed a New Banking Relationship During the Pandemic
Key facts · 29 percent of UK consumers have started a new banking relationship in the past year. · Young millennials (age 25-29) are most likely to switch to a new bank (46 percent), followed by over a third of senior millennials and Gen Zers (both 39 percent).
ClearBank Ranked Number 1 Fastest Growing Technology Company in the UK in the 2021 Deloitte Technology Fast 50
- 3 years 9 months ago
- Banking
ClearBank attributes its 21,569 per cent revenue growth to its extensive industry expertise and products that don't compete with customer propositions
Mobile Finance Report Highlights New Trends
- 3 years 9 months ago
- Credit Cards, Banking, Data
Today, leading app and data analytics company, App Annie, has published its newest Mobile Finance Report, highlighting the major shifts in the financial landscape, driven by mobile-first innovators.
UK’s First Savings Account Underpinned by Gold Launches Today, Offering a Market-leading One-year 2% Fixed-rate Return
- 3 years 9 months ago
- Payments, Money Transfers, Banking
A market-leading product for deposits from £1,000 to £20,000 Unlike traditional banks, the customer’s savings are never loaned, leveraged, or invested, meaning no bank lending risk to customers Because deposits are not used to create more money through writing new loans, it’s also the first-ever bank account that doesn’t contribute to inflation
Nymbus Introduces Banking-as-a-Service for Simplified Path to New Financial Growth
- 3 years 9 months ago
- Banking, Core Banking
NYMBUS®, a leading provider of banking technology solutions, today introduced its Banking-as-a-Service (BaaS) offering designed to enable banks, fintechs, and brands to thrive with the complete capabilities and support needed to offer new, focused financial products.
FTSE 100 Slips and Metro Bank Slides While House Builders Stride Confidently Higher
- 3 years 9 months ago
- Trading Systems, Banking
Falling oil and copper prices have seen miners and energy giants slip in trading on the FTSE 100 pushing the index into the red but it’s a signal that some of the supply pressures and higher costs weighing on companies are set to ease. Oil prices have dipped to their lowest level in almost six weeks after US stockpiles increased, with forecasts that American producers are ramping up production.
Partnerships Between Schemes, Networks and Banks Are Boosting Card Acceptance Worldwide
Regulations, COVID-19, and an increasing number of partnerships are driving card acceptance across all regions. Further growth in traditional card acceptance is forecast but will be tempered by the rising popularity of alternative options COVID-19 leads many outlets to start accepting card payments for the first time
Coutts Bank added to SOURCE
- 3 years 9 months ago
- Banking
Leading mortgage technology provider Twenty7Tec today announces that Coutts, the wealth manager and private bank, has added its mortgage product range including fixed rate and tracker products, to the Twenty7Tec SOURCE module. By adding their products to SOURCE, Coutts is now able to provide information on its product range and criteria to the more than 15,000 daily adviser users of CloudTwenty7, the Twenty7Tec platform.
Chase to Offer Customers 3% Cashback on Amazon Purchases this Festive Season
- 3 years 9 months ago
- Banking
Digital bank Chase today announced it is offering 3% cashback on Amazon.co.uk spend until the end of 2021, to help customers make more of their Amazon purchases this festive season.
