N26 Raises More Than $100M in Extension of Its Series D Funding
- 4 years 10 months ago
- Banking, Mobile Banking
N26 has today announced an extension of its Series D funding round to $570M, with a further increase of more than $100M coming from all of the company’s major investors. To date, N26 has raised close to $800M, keeping its valuation at $3.5B. N26 is today one of the highest valued and most well-funded FinTech companies globally.
Form3 and Barclays Enable Access to the SEPA Instant Payment Scheme for FinTechs, With Ebury as the Launch Client
Form3, the leading cloud-native, payment technology provider, and Barclays, a leading provider of financial services to regulated payment institutions, have announced a combined directly connected access solution to the SEPA Instant payment scheme with Ebury as launch client.
Avaloq Provides BPI With SaaS Solution to Improve Business Efficiency
- 4 years 10 months ago
- Asset Management, Investment Management, Banking, Cloud, SaaS
Avaloq is enabling the Bank of the Philippine Islands (BPI), one of the Philippines’ biggest banks in terms of capitalization, with its Software as a Service (SaaS) solution to help improve customer experience and boost the efficiency of five business units and subsidiaries.
LeanDev Rebrands as Vilja
- 4 years 10 months ago
- Open Banking, Core Banking, Cloud
For years, LeanDev has achieved great success with their cloud-based platform for banks and credit institutions. It has helped customers like Visma Finans, SevenDay Bank, OPR Finance and Erik Penser Bank, to quickly and easily launch new products and services. As the company expands outside the Nordic region, LeanDev is changing its name to Vilja. The purpose is to streamline the business and clarify the message that Vilja delivers the best... more
Temenos Multifonds Global Accounting Awarded Highest Status in Five Portfolio Management & Accounting Solution Categories
- 4 years 10 months ago
- Banking
Temenos (SIX: TEMN), the banking software company, today announced that the Temenos Multifonds Global Accounting product has been awarded the status of “differentiated”, in a recent report. The 2019 8 x 8 report by Adox Research on Portfolio Management & Accounting solutions, recognized Temenos in the following five out of eight categories: Usability, Functionality, ROI, Vision, and Supplier Risk.
Thomson Reuters Enhances Strategic Partnership With Path Solutions for ONESOURCE Centralized Tax Solution
- 4 years 10 months ago
- Core Banking
Thomson Reuters, provider of the industry’s most powerful tax and accounting technology for corporations, and Path Solutions, provider of intelligent software solutions to Islamic banks and financial institutions, have enhanced their existing partnership to provide the GCC’s financial services sector with an opportunity to introduce automation, efficiency and accuracy into tax workflows and core banking operations.
Movii and Yabx Offer Credits to MSMEs Amid Covid-19
- 4 years 10 months ago
- Covid-19, Lending, Online Banking
Movii, a leading mobile wallet and a challenger bank in Colombia, and Yabx, a leading technology company in contactless lending have joined hands to provide credit services for MSMEs. Businesses can use this credit service to facilitate their business operations and purchase FMCG stocks.
NatWest Prolongs Contract with Artesian Solutions’ Relationship Intelligence and Customer Insight Platform
- 4 years 10 months ago
- Banking, Security, Data Management
NatWest, part of the Royal Bank of Scotland Group, has today announced the renewal of its agreement with Artesian Solutions as the Banks’s core relationship intelligence and customer insight platform. The announcement follows a competitive five-month tender process which assessed the latest artificial intelligence solutions against strict criteria aimed at contributing to the Bank’s mid-term growth plans and aligned to their key strategic... more
Knowledge Bank Responds to Broker Challenge for SVR List
- 4 years 10 months ago
- Banking
Knowledge Bank has responded in under 24 hours to broker demand for an easy way to see lenders’ current SVRs. Knowledge Bank responded instantly, creating a complete point of reference of all residential and buy-to-let lender LTVs, held all in one place.
Bambu Taps Next-Generation FIS Platform to Bring Mobile-Only Banking Services to Unbanked Consumers
- 4 years 10 months ago
- Banking
FIS™ (NYSE: FIS), a global leader in financial services technology, announced today that fintech startup Bambu has selected FIS’ next-generation Modern Banking Platform to power a new digital banking solution for U.S. unbanked and underbanked.
Temenos and Microsoft Partner to Offer Fast Access to AI-Driven Temenos Financial Crime Mitigation SaaS Solution to Help Banks Combat Surge in Cybercrime During Covid-19
- 4 years 10 months ago
- Artificial Intelligence, Covid-19, Banking
Temenos (SIX: TEMN), the banking software company, announced today a joint effort with Microsoft to enable access to its AI-powered, Financial Crime Mitigation (FCM) SaaS solution to allow banks to protect both their customers and their organization from financial crime increase during the pandemic, particularly as banks have moved to remote working to protect their staff. Temenos AI-powered, Financial Crime Mitigation SaaS solution based on... more
Mortgage Brain sees product numbers increasing and ESIS volumes stabilising
- 4 years 10 months ago
- Banking
Last week saw the number of available mortgage products increase for the second week in a row to 8,044 products, an increase of 488 (5.9%) from the previous week. The majority of the growth has been seen in the remortgage sector where the product numbers increased by 5.4%, while home mover products increased by 2.0% and BTL product numbers reduced by 1.9%. When compared to pre-pandemic levels, the number of mortgage products is 6,630 (45.2%)... more
Temenos launches new SaaS propositions to help banks respond to Covid-19 while accelerating their digital transformation
- 4 years 10 months ago
- Covid-19, Open Banking, Banking
Temenos (SIX: TEMN), the banking software company, today announced the launch of eight propositions – using innovative Explainable AI (XAI) and cloud technologies – to help banks in their immediate response to the Covid-19 crisis. Temenos is supporting banks to ensure business continuity, enhance digital engagement to meet clients’ changing needs, and manage socioeconomic pressures. These Covid-19 propositions are immediately available worldwide... more
Over Half of Tandem Customers Now Using Smart Autosavings Rules
- 4 years 10 months ago
- Banking
Tandem Bank is celebrating the one year anniversary of its intelligent Autosavings feature, which gradually and effortlessly builds an individual's savings account for them. More than half of Tandem Accounts are actively set up to use the feature, suggesting the tool has been an incredible success. Tandem’s goal was to help incentivise individuals to prioritize their savings whenever possible, and given the deteriorating state of global affairs... more
Three in five likely to use digital banking offered by neobanks and challenger banks by 2025: Backbase Report
- 4 years 10 months ago
- Banking
Digital banking in the Asia Pacific (APAC) is set to be widely adopted with over three in five customers (63%) willing to make the switch to neobanks and challenger banks in the next five years, according to the Fintech and Digital Banking 2025 report by Backbase and IDC. The report also found that the region is expected to see 100 new financial institutions by 2025, ushered in by liberalization of several markets and issuance of new banking... more
