Backbase Opens New APAC headquarters in Singapore
- 5 years 1 month ago
- Banking
Digital banking software provider, Backbase, has today announced the launch of its new regional headquarters in Singapore. Off the back of strong growth in the past few years, the regional centre in Singapore will strengthen its regional footprint to ensure greater proximity to clients and provide high-quality services and expertise to businesses in Asia Pacific (APAC).
TONIK Selects Finastra’s Core Banking Solution to Power Southeast Asia’s First Pure-play Licensed Digital Bank
- 5 years 1 month ago
- Core Banking
Finastra announced today that TONIK, the first licensed digital-only bank in Southeast Asia, has selected Fusion Essence in the cloud to power its end-to-end core banking capabilities. The move will support TONIK as it launches its retail deposit and customer loans services in the Philippines, giving it agility and the ability to scale quickly.
Rabobank Invests in Digital Mortgage Broker Trussle
- 5 years 1 month ago
- Retail Banking
Rabo Frontier Ventures (RFV), the strategic investment fund of Rabobank, has contributed to a £7.5 million funding round in online UK mortgage broker Trussle The Dutch bank was joined by existing investors Goldman Sachs Growth, Finch Capital and BBVA-backed Propel Venture in backing the firm, which last raised £13.6 million in Series B financing in May 2018. Trussle is one of a new breed of fintech startups that uses proprietary automation and a... more
CaixaBank applies artificial intelligence to augment employee training
- 5 years 1 month ago
- Banking
CaixaBank has started to use artificial intelligence to improve the acquisition of new skills among its employees. The financial institution, chaired by Jordi Gual and with chief executive officer Gonzalo Gortázar, has launched a new version of Virtaula, an online training platform for its entire workforce, incorporating artificial intelligence to identify each employee's areas of interest and recommend courses tailored to their individual... more
Open Banking Customer Numbers Surge
- 5 years 1 month ago
- Banking
Customer use of Open Banking in the UK has surpassed the one million customer mark for the first time, doubling in the past six months. The figures, generated by the Open Banking Implementation Entity (OBIE), only represent customers of the CMA9, the nine biggest current account providers in Great Britain and Northern Ireland. The doubling in customer numbers mirrors similar growth in third party service providers. Currently there are 204... more
TSB to Create 100 IT Jobs at New Digital Banking Centre in Edinburgh
- 5 years 1 month ago
- Banking
TSB is to create 100 jobs at a new IT centre to be set up in Edinburgh as part of its digital banking strategy to avoid a repeat of its system meltdown. The new staff in Edinburgh will be IT specialists, data engineers and analysts. The bank has suffered online banking problems under a new system introduced in 2018, with 200 million customer temporarily losing access to their accounts in April of that year.
Twenty More Metro Bank Staff Sign Up For Digital Banking MSc Programme
- 5 years 1 month ago
- Banking
Metro Bank, known for its exceptional customer service, has welcomed a second cohort of colleagues onto its MSc programme in Retail and Digital Banking, which it set up with Cranfield School of Management in 2018.
British Bank Award nomination for Banking Circle
- 5 years 1 month ago
- Banking
Starting 2020 in the same vein as 2019 finished, Banking Circle continues to achieve success in industry awards. It has been announced as a finalist in the British Bank Awards, from Smart Money People. Nominated and voted for by customers, the British Bank Awards aim to find the best products, hottest innovation and most trusted financial brands and partners in the industry.
Open Banking Platform Tink Completes €90 Million Investment Round
- 5 years 1 month ago
- Banking
Tink today announces it has completed a €90 million investment round. This investment round follows Tink’s €56 million investment round in February 2019, which makes today’s funding Tink’s largest to date.
SunTrust Bank Nigeria to Revamp its Partnership with ICSFS
- 5 years 1 month ago
- Islamic Finance
Revolut Raise Set to Value Business at $5 Billion
- 5 years 1 month ago
- Retail Banking
UK-based Revolut is on course to achieve a $5 billion valuation during an upcoming funding round, according to documents from lead investor Technology Crossover ventures (TCV) Financial News, which has viewed the prospectus, says the round is expected to close later this month. Silicon Valley TCV, an early investor in the likes of Spotify, Airbnb and Netflix, closed a $3 billion fund in January 2019 to back fast-growing new economy companies.
Australian Lender Wisr Raises $35 Million
- 5 years 1 month ago
- Retail Banking
ASX-listed marketplace lender Wisr has raised $35 million via a placement of approximately 181 million ordinary shares. Wisr offers small to medium loans to help consumers pay down debt at rates based on borrowers’ individual risk profile. The five-year old company also operates a credit score comparison service. The firm says it will use the proceeds of the placement to grow its credit product offerings and strengthen the balance sheet.
Kickstart the decade with Asia’s biggest disruptors at Money20/20 in Singapore
- 5 years 1 month ago
- Payments, Banking, FinTech StartUps, IT Innovations, Infrastructure
Money20/20. No, not the year 2020 but perfect, 20/20 vision. As in, see-into-the-future-of-money type vision. Money20/20 brings that future into crystal clear focus, so those in the industry can plan, create, collaborate – and take their businesses forward. With that goal in mind, the region’s biggest change-makers are joining the line-up in Singapore, with keynotes including:
Shawbrook Bank wins competitive process to provide UK’s largest tomato supplier with £25m bespoke funding package
- 5 years 1 month ago
- Banking
Specialist SME lender Shawbrook Bank has successfully completed its largest ever working capital transaction in the North West, providing APS Group with a £25m bespoke funding package. First founded in 1949 on one site in Cheshire, APS Group is a family-owned business which specialises in the production and supply of top quality tomatoes. Growing at 6 sites and producing over 500 million tomatoes a year, APS Group was looking to further... more
Bankable Announces Strategic Global Partnership with Plaid
- 5 years 1 month ago
- Banking
Bankable, the global architect of “Banking as a Service” solutions, announced a strategic global partnership with Plaid, a data network powering the fintech apps that millions of people rely on to improve their financial lives. The partnership will allow Bankable’s customers the ability to use Plaid’s technology to connect with their users’ bank accounts worldwide. In addition, Plaid customers will gain access to Bankable’s cloud-based banking... more
