How Banks and Credit Unions Can Prepare for a Recession
- 2 years 3 months ago
- Banking
Banks and credit unions should be preparing themselves now for the challenging economic environment ahead. Unlike 2008, this potential recession will be radically different due to the increased supply of cash, rising inflation and interest rates, job openings, and wage inflation. Yet, banks and credit unions can’t afford to make the same mistakes. White Clay outlines three ways financial institutions can rise above challenges, remain resilient,... more
iBanFirst Announces Closing of Acquisition of Cornhill, the UK-based FX Provider, to Establish itself as a Key Player in the Most Dynamic Market in Europe
- 2 years 3 months ago
- Banking
Global financial services provider, iBanFirst, announces today the closing of its acquisition of Cornhill, a UK-based FX provider. The announcement follows the authorisation of the acquisition by the Financial Conduct Authority (FCA).
Mahalo Banking Names Ken Kondo Chief Innovation Officer to Expand Digital Strategies
- 2 years 3 months ago
- Banking
Mahalo Banking, a CUSO that provides online and mobile banking solutions for credit unions, today announced that Ken Kondo, former Vice President of Software Development, has been promoted to Chief Innovation Officer (CIO). This leadership appointment supports the company’s commitment to continuous digital banking innovation.
Only 11% of U.S. Banks are Currently Well-Positioned to Pursue Growth, According to New Research from The ROIG Group
- 2 years 3 months ago
- Banking
A small number of U.S.
Jack Henry Supports Cornerstone Bank in Strong Loan Growth
- 2 years 3 months ago
- Banking
Jack Henry™ and Cornerstone Bank announced today that Cornerstone Bank has experienced significant loan growth backed by Jack Henry’s sophisticated digital loan-origination platform.
Tennessee-Based Bank Selects Teslar Software to Support Strategic Growth
- 2 years 3 months ago
- Banking
Southern Bank of Tennessee and Teslar Software today announced their partnership to strengthen the bank’s lending strategy, boosting automation, efficiencies and transparency across the organization. The community bank plans to leverage Teslar’s technology to support their growth goals, which includes increasing their portfolio by over 10% each year.
DFSA Fines Bank of Singapore Limited for Inadequate Systems and Controls and Unauthorised Activity
- 2 years 3 months ago
- Banking
The Dubai Financial Services Authority (DFSA) has imposed a fine of USD 1,120,000 (AED 4,113,200) on the DIFC branch of Bank of Singapore Limited (the Bank) for a number of contraventions of DFSA legislation, including for having inadequate systems and controls including those relating to anti-money laundering (AML).
Lloyds Bank Combines Commercial Card and Invoice Finance Teams Under New Senior Appointment
- 2 years 3 months ago
- Banking
Lloyds Bank Business & Commercial Banking has combined its commercial card and invoice finance teams under a new senior appointment. James Sykes will serve as the Business and Commercial Banking’s Head of Invoice Finance Product, while retaining his current position as Head of Commercial Cards.
Starling Bank Launches New Partnership with Settld to Support End of Life Admin for Bereaved Individuals
- 2 years 3 months ago
- Banking
Starling Bank has taken swift action to make life simpler for bereaved individuals, following recommendations made in a key nationwide bereavement report. The digital bank has unveiled a new strategic partnership with end-of-life admin service Settld, which will streamline account administration for those handling the affairs of a Starling bank customer who has died.
Finastra and Modefin Partner to Provide Best-in-class Fintech Solutions for Banks in Africa and Selected Indian Subcontinent Markets
- 2 years 3 months ago
- Banking
Finastra, a global provider of financial software applications and marketplaces, and Modefin, a global fintech solution provider helping banks to thrive in the digital age, today announced their partnership to offer Finastra’s Fusion Trade Innovation and Fusion Essence solutions to banks in Africa and several Indian subcontinent markets.
Lloyds Bank Appoints New Head of Corporate Trade and Working Capital Sales
- 2 years 3 months ago
- Banking
Lloyds Bank Corporate & Institutional Banking has continued to strengthen its Transaction Banking Solutions team with the appointment of Mansour Davarian. In his role as Head of Corporate Trade Finance and Working Capital Sales, Mansour will be responsible for delivering Lloyds Bank’s full range of trade and working capital solutions to corporate clients.
04/11 – Weekly Fintech Recap
- 2 years 3 months ago
- Artificial Intelligence, Payments, Banking, Cloud, FinTech StartUps, M&A Deals, People Moves
Partnerships NEAR Wallet Users Soar to 20+ Million Thanks to Groundbreaking Partnership with SWEAT Economy
Three-quarters of European Banks to Move Parts of Payments Value Chain to SaaS in Next Five Years
- 2 years 3 months ago
- Banking
A new study from Tietoevry Banking reveals that European banks will accelerate outsourcing in response to the rapidly changing end-user payment pattern and competitive landscape.
Finnish Retail Bank S-Bank Chooses Worldline as Solution for Real-time Fraud Detection and Prevention
- 2 years 3 months ago
- Banking
Worldline, a global leader in payment services, has integrated its Fraud Management Suite into the issuing platform of Finnish bank S-Bank. Supported by Worldline technology, S-Bank will deploy extensive real-time fraud detection for debit and credit cards whilst increasing the efficiency of its card fraud and risk management. Convenience and safety
Embedded Fintech Expected to be a Top Trend for 2023
- 2 years 3 months ago
- Alternative Finance
ASA, an embedded fintech solution that connects financial institutions with customer-facing fintechs in a secure, compliant and easy-to-implement marketplace, today shared trends expected to most significantly impact the financial services landscape next year.
