HSBC acquires Silicon Valley Bank UK Limited
Strategic acquisition to strengthen HSBC’s banking franchise in UK HSBC Holdings plc announces that its UK ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1.
13/03 – Weekly Fintech Recap
- 1 year 11 months ago
- Open Banking, Payments, Banking, FinTech StartUps, M&A Deals, People Moves
Partnerships Aevi Selects OvationCXM to Transform Digital Payment Customer Experience
Banking Aggregation and Payment Automation Platform Numeral Launches in the UK
- 1 year 11 months ago
- Banking
Numeral announces its launch in the UK, with the support of SEPA, Bacs, and FPS payments for UK fintech companies. The news follows integrations with UK banks Lloyds bank, Barclays, and HSBC as well as the recent appointment of Victor Mithouard as Vice President, Growth, and the company's first executive in the UK.
The SVB Collapse and Rising Concern Among the UK Startups
- 1 year 11 months ago
- Banking
The authorities in California shut down Silicon Valley Bank (SVB) due to a liquidity crisis that caused customers to withdraw their funds. This event has caused concern among UK startups that have accounts with SVB's UK subsidiary, as it is the largest bank failure since the 2008 financial crisis. However, SVB UK has stated that it is still conducting business as usual, processing payments and funding loans for its UK clients.
Orion Innovation Acquires Banktech Software Services
- 1 year 11 months ago
- Banking
Orion Innovation (“Orion”), a leading digital transformation and product development services firm, today announced the acquisition of
Fintech Pioneer Railsr Announces Sale to Consortium led by D Squared Capital
- 1 year 11 months ago
- Alternative Finance
Railsr, the embedded finance platform, has today announced that it has been purchased and re-capitalised by a consortium, led by D Squared Capital, and that a change of control has been agreed with the Financial Conduct Authority in the UK. This ensures business continuity for Railsr's customers, and more than five million end-users. Railsr will remain headquartered in the City of London.
HMBradley Partners with Thought Machine to Usher in the Future of Banking
- 1 year 11 months ago
- Banking
HM Bradley, Inc (“HMBradley”), a financial technology platform built to reward savers, today announced a strategic partnership with Thought Machine, a leading provider of banking technology. The partnership enables HMBradley to eliminate its waitlist and open new accounts for the first time in over 16 months. HMBradley has also partnered with New York Community Bank, a division of Flagstar Bank, N.A. (“NYCB”), which will maintain the customer... more
94% of Banks Eyeing Investment in Modern Payment Tech, to Keep Pace with Fintech Innovation
- 1 year 11 months ago
- Banking
Aite-Novarica Group research reveals that payments is an important area of growth and innovation within the commercial banking space, and legacy systems cannot support end-user demand for better payment capabilities. Almost half of banks surveyed say fintechs, which typically provide a smooth customer experience, have already taken at least 10% of their payments volume. Recognizing this trend, the majority of banks globally are investing in... more
Sella Group Launches Global Acceleration Program for Agritech Startups
- 1 year 11 months ago
- Banking
The international acceleration program "AG 4 Future Food", promoted by the Sella group and implemented by its Venture Incubator dpixel, starts today. It aims to identify and support startups capable of developing innovative, economically sustainable, accessible and efficient solutions and technologies within the agri-food chain.
SmartSave Bank Hits £1B in Deposits
- 1 year 12 months ago
- Banking
SmartSave Bank, a disruptive savings platform created by UK bank Chetwood Financial, has now received more than £1 billion in deposits. SmartSave offers fixed-term, fixed-rate savings accounts, all of which are FSCS protected. Customers can deposit between £10,000 and £85,000, and they start earning interest as soon as they transfer money into their savings account.
Impact Investment Platform u impact and Climate Engagement Fintech ecolytiq Collaborate to Catalyse Climate Action for Private Investors
- 1 year 12 months ago
- Banking
Sustainable investment solution provider u impact has joined forces with specialised green banking software provider ecolytiq to introduce innovative sustainable investment products to a wider branch of private investors.
Saturna Sdn Bhd Launches Innovative Digital Platform For Shariah-Compliant Investments
- 1 year 12 months ago
- Islamic Finance
Saturna Sdn Bhd, a leading shariah-compliant financial services firm, today officially launched its digital platform to help investors grow their wealth ethically and securely.
Johnson Financial Group Selects nCino to Modernize Multiple Lines of Business
- 1 year 12 months ago
- Banking
nCino, Inc., a pioneer in cloud banking for the global financial services industry, today announced that
BankiFi Releases New Whitepaper in Partnership with RedCompass Labs Uncovering SMBs Large Scale Shift to Third-party Service Providers
- 1 year 12 months ago
- Banking
BankiFi, a leading provider of embedded banking solutions, has released a new whitepaper in partnership with RedCompass Labs, a world leader in good and bad payments technology. Titled “SME Banking Channels: converting a money pit into a business opportunity,” the report explains the challenges banks face when offering digital solutions and how banks can most effectively and lucratively deliver cutting-edge technology.
Weavr Sees Exceptional Growth in Embedded Finance
- 1 year 12 months ago
- Alternative Finance
Growth across a myriad of sectors continues to be adversely affected by a broader downturn in the global economy but the field of embedded finance continues to go from strength-to-strength, as highlighted by Plug-and-Play Finance company, Weavr.
