National Funding Announces the Upsize of Their Bank Credit Facility and the Issuance of Corporate Notes
- 3 years 4 months ago
- Banking
National Funding, Inc., one of the largest U.S. specialty finance companies serving small- and medium-sized businesses, announced the recent renewal and upsize of a $60.0 million senior secured warehouse line of credit. The facility, which includes an accordion to expand to $75.0 million, was provided by a prominent U.S.-based commercial bank. The facility will continue to be used by the Company to fund new originations and support additional... more
Danske Bank to Bring Domestic Scheme, Dankort, to Apple Pay
· Danske Bank, Denmark’s leading bank, supported by Nets, will bring Dankort to Apple Pay · Dankort is the preferred means of payment for Danish consumers and accounts for the largest number of card transactions in the country
Basler Kantonalbank and Bank Cler Committed to Providing Seamless end-to-end Digital Client Experience with Avaloq
- 3 years 4 months ago
- Banking
The two banks are expanding their long-standing partnership with Avaloq by moving their respective web and mobile banking solutions to Avaloq’s Engage platform.
Middle-Market Banks Choose CapLinked as their Virtual Data Room Solution
- 3 years 4 months ago
- Banking, FinTech StartUps
A rapidly growing roster of investment banks who serve the dynamic middle market are turning to CapLinked’s software platform to securely share information and manage transaction workflow
Airtel Money, I&M Bank Tanzania Launch Digital Lending Service - KAMILISHA through Mobile Phone
- 3 years 4 months ago
- Banking
- The service is available to Airtel Money customers, Terms and Conditions apply Airtel Tanzania, in partnership with I&M Bank Tanzania, has today launched an overdraft mobile money service that will enable customers to complete their transactions seamlessly without sufficient funds in their Airtel Money wallets, subject to terms and conditions.
Shawbrook Extends Development Finance Facilities Into Retirement and Care Home Sector With £12.5m Funding for New Extra Care Retirement Apartments in Derby
Torsion Care (Derby) Devco Ltd is set to complete a new development of 64 retirement apartments, with a £12.5m development finance solution provided by Shawbrook Bank. Founded in 2015 by Dan Spencer, Torsion Developments operates across a range of property sectors, including student and residential. Martin Hutson joined with Dan in 2018 to establish Torsion Care, with a focus on the growing demand for stylish and practical retirement housing for... more
New Salt Edge and Supernovae Labs Partnership Set to Boost-up Italian Financial Landscape via Open Banking
- 3 years 4 months ago
- Open Banking, Banking, Financial
Supernovae Labs, the first fintech accelerator in Italy dedicated to banks and financial institutions, joined forces with Salt Edge, open banking pioneer, to provide Italian financial institutions and third-party providers a much more secure and reliable way of aggregating bank data and initiating payments powered by PSD2.
Mbanq Signs with Temenos to Launch World’s First Credit Union-as-a-Service and Accelerate Banking-as-a-Service in US Market
- 3 years 4 months ago
- Open Banking, Payments, Banking, Cloud
Temenos partners with Silicon Valley-based Mbanq to power innovative Credit Union-as-a-Service (CUaaS) offering for US Credit Unions, a market estimated at $3.6bn annually Mbanq’s CUaaS, powered by The Temenos Banking Cloud, enables Credit Unions to gain faster time to market with cutting-edge digital financial services for members at a reduced total cost of ownership
Deutsche Bank Automates Tax Processes for Post-trade Settlement in Indonesia in Partnership with Xceptor
- 3 years 4 months ago
- Banking
Corporate Bank today announced the roll-out of an automated workflow platform for the administration of capital gains withholding tax during the post-trade settlement process in Indonesia, using the Xceptor Tax Solution. This enhancement will help to reduce manual processes and decrease the time to calculate withholding tax amounts down to seconds. Deutsche Bank will also utilize APIs to send real-time settlement details to the Xceptor Tax... more
External Finance now Used by Four in ten Businesses Across the UK, but a Lack of Local Investors Leads to Wasted Economic Potential
- 3 years 4 months ago
- Banking
London, the South East, the North West and the East of England account for 86% of equity deals despite hosting just 55% of businesses · Distance matters – in 82% of equity investment stakes between 2011 and 2020, the investor and company are within two hours of each other; 61% are within one hour of each other · Rural business owners more likely to inject personal funds into their business than urban entrepreneurs because of a... more
Privacy Risks in IRS Banking Transaction Reporting Avoidable: Industry Experts
- 3 years 4 months ago
- Banking
The IRS can avoid the risk of misuse and loss of private data by using analytics software. FlowTracker Analytics today announced an alternative to reporting banking transactions to the IRS that cuts down privacy risks while providing more relevant information to support the Treasury's tax compliance goals - money flow analysis.
UOB and ADDX Collaborate On Sustainability-Linked Digital Bond
- 3 years 4 months ago
- Banking
Digitisation of S$50-million bond allocation uses blockchain and smart contract technology to achieve faster processing and lower cost in the custody and administration of the bond UOB and digital securities exchange ADDX have concluded the digitisation and digital custody of the inaugural sustainability-linked bond recently launched by Sembcorp Industries (Sembcorp). This initiative comes amid a rise in the use of digital securities to enhance... more
UK high-street Banks are no Longer Trusted by Nearly Half of their Customers
- 3 years 4 months ago
- Banking
Banks make their money using “hidden” charges, say many of those surveyed Concern over the safety of savings is widespread, with many now limiting what they put into traditional banks Some - particularly young people - are so concerned they prefer to keep cash at home People feel banks do not put customers first, and many are now seeking alternative ways to save and spend
External Finance Now Used by Four in ten Businesses Across the UK, but a Lack of Local Investors Leads to Wasted Economic Potential
- 3 years 4 months ago
- Banking
· London, the South East, the North West and the East of England account for 86% of equity deals despite hosting just 55% of businesses · Distance matters – in 82% of equity investment stakes between 2011 and 2020, the investor and company are within two hours of each other; 61% are within one hour of each other · Rural business owners more likely to inject personal funds into their business than urban entrepreneurs because of... more
Council of Europe Development Bank Adopts Bloomberg MARS Front Office to streamline risk management
- 3 years 4 months ago
- Asset Management, Banking, Risk Management
Bloomberg announced today that the Council of Europe Development Bank (CEB) has adopted its Multi-Asset Risk System, MARS Front Office, a robust and streamlined risk management system that enables the bank to assess the impact of trading activity on the risk profile of its books.
