Allica Bank Signs £110m Series B Funding Round
- 3 years 3 months ago
- Banking
Funding round led by new investor Atalaya Capital Management, alongside Allica’s existing lead investor Warwick Capital Partners New funding will support Allica’s continued scaling as well as acquisition of AIB SME lending portfolio Allica Bank, the leading fintech SME challenger bank, announces a £110m Series B funding round led by Atalaya Capital Management*, alongside existing lead investor Warwick Capital Partners.
Comentis Launches New Vulnerability Dashboard to Help Firms Manage their Vulnerable Customers
- 3 years 3 months ago
- Alternative Finance
Dashboard will provide overview of vulnerability across the whole client base to improve insight into customer outcomes and how they can be improved The dashboard will be invaluable for firms reporting back to the Financial Conduct Authority, especially ahead of new regulations in 2022
BOB Financial Partners with OneCard to Launch Mobile-first, Metal Cedit Card
- 3 years 3 months ago
- Payments, Credit Cards, Banking
● Digital-first credit card powered by a mobile app to offer seamless smart-banking experience ● To offer lifetime validity and zero joining fee with a 100% digital onboarding process ● Virtual credit card to be delivered in under 3 minutes and metal card to be delivered in 3-5 days ● Cards to be issued by BFSL, managed by OneCard, and powered by VISA
10th Global Islamic Microfinance Forum to be held in Dubai-United Arab Emirates Accelerating the Poverty Reduction in the World
- 3 years 3 months ago
- Banking, Islamic Finance
10th Global Islamic Microfinance Forum (GIMF) will convoke in Dubai -United Arab Emirates on 12th-14th December, 2021 under the theme of “Evidence of Impact and Financial Inclusion” to explore and discuss innovative financial inclusion strategies that can create clear pathways to poverty alleviation. This Apex event is organized by AlHuda CIBE and Sponsored by Islamic Corporation for the Development of the Private Sector- ICD.
Temenos Presents the Temenos Exchange – its Enhanced Open Marketplace for Fintech Solutions
- 3 years 3 months ago
- Open Banking, Banking
The Temenos Exchange will help Fintechs to develop, validate and monetize new banking solutions on top of Temenos’ Open Banking Platform
Contis Accelerates Digital Payments Revolution in Germany With NAGA Partnership
- 3 years 3 months ago
- Digital banking, Investment, Payments, Banking
Contis, a leading Banking-as-a-service (BaaS) provider in Europe, has today announced the expansion of its offering in Germany following its partnership with NAGA.
Nordea Investment Funds Picks Temenos Multifonds to Scale its Business
- 3 years 3 months ago
- Banking
The largest asset manager in the Nordics will implement Temenos Multifonds to administer €100+ bn in assets
Allica Bank Acquires £0.6bn Sme Lending Portfolio from Aib
- 3 years 3 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 3 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 3 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 3 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 3 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 3 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
