Banking

Alif Records 150%+ Year-on-year Revenue Growth, Surpassing 1 Million + Users

2 years 7 months ago
Banking

Alif, a Central Asian Fintech operating as a full-fledged Bank in Tajikistan and as an e-commerce & fintech company in Uzbekistan, has announced a record 150%+ year-on-year revenue growth in the 12 months leading to June 2022. During the same period, the total number of Alif users has surpassed 1 million, marking a 66% year-on-year increase in customers.

Ayoconnect launches direct debit with 7 of Indonesia’s Biggest Banks

2 years 7 months ago
Banking

Ayoconnect, Southeast Asia's largest open finance platform, has launched an open finance API that provides Indonesian companies including non-banking financial institutions such as insurance companies and lenders, with recurring capabilities that can instantly debit from customers’ saving accounts across multiple banks.

CMA Calls Out Monzo for Breaching Banking Rules

2 years 7 months ago
Banking

Monzo has been ordered to comply with banking rules after failing to send thousands of customers their historic financial transactions when leaving the digital bank.

Gatehouse Bank Receives Investment Grade Rating from Moody’s Investor Service

2 years 7 months ago
Islamic Finance

Credit rating agency, Moody’s Investor Service, has today assigned Gatehouse Bank an investment grade credit rating of Baa3 BCA with a long-term stable outlook.

Temenos and Wipro Announce Global Strategic Partnership to Accelerate Digital Transformation in Banking

2 years 7 months ago
Banking

Temenos and Wipro Limited announced an expanded partnership to help banks of every size accelerate their modernization journey. This expanded partnership will enable banks across varying scales to accelerate their go-to-market strategies in regions including the United States, the U.K and Australia.

Solarisbank Rebrands as Solaris

2 years 7 months ago
Banking

European fintech platform, Solarisbank has recently announced that the company has changed its name to ‘Solaris’. The company noted that the rebrand represents its evolution. Amid the latest global expansion activities, the fintech platform has been able to grow its team to over 750 employees.

Al Sanam Islamic Bank Selects ICS BANKS Islamic Banking Solution from ICSFS

2 years 7 months ago
Islamic Finance

Al Sanam Islamic bank, a newly-established Islamic bank in Iraq, has selected ICS BANKS Islamic Banking software solution from ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions.

24/07 – Weekly Fintech Recap

2 years 7 months ago
Artificial Intelligence, Blockchain, Open Banking, Payments, Banking, FinTech StartUps, IT Innovations, M&A Deals, People Moves

Partnerships PayMate B2B Customers to Make Utility Bill Payments Using Visa Commercial Credit Cards

BFSI Leaders in India are Gathering to Discuss the Roadmap for the Future of the BFSI Sector in the Country

2 years 7 months ago
Banking

Officially supported by NITI Aayog, the 10th edition of Big BFSI Future Tech Show & Awards is convening top-tier CXOs in India; to exchange information and effective techniques as they prepare for the next phase of tech-powered growth in India. Big BFSI Show and Awards is set to take place on 27 July 2022 at the Taj Lands End in Mumbai.

InvestCloud Supports Rabobank to Bring Digital Financial Planning to All Levels of Wealth

2 years 7 months ago
Banking

InvestCloud, the global leader in digital transformation for the financial industry, today announced it is supporting Rabobank, one of the Netherlands’ largest banks, to provide digital financial planning for all its customers, from private banking to retail clients.

Starling Bank Reports First Full Year Profit

2 years 7 months ago
Banking

Starling Bank today reports its first full year of profitability. The digital bank swung to a pre-tax profit of £32.1 million for the financial year ending 31 March 2022 from a pre-tax loss of £31.5 million for the period to 31 March 2021. Revenue for the same period to 31 March 2022 was £188 million. Starling’s previous financial year, to 31 March 2021, covered a 16-month period to reflect a change in the timing of the bank’s financial... more

BankiFi Expands Operations into North America

2 years 7 months ago
Banking

BankiFi, an embedded banking solutions provider, announced its expansion into North America with the launch of BankiFi Americas. The organisation’s growth and expansion into the U.S. market will support the unique digitisation and payment modernisation requirements of SMBs while placing financial institutions at the heart of the relationship.

Recovery Loan Scheme Offers Over £4.5B of Lending to Smaller Businesses

2 years 7 months ago
Banking

The British Business Bank announces today that, through the Recovery Loan Scheme, accredited lenders have offered over £4.5bn to smaller UK businesses as they steer a path towards a sustainable recovery. Of the £4.51bn of total funding offered through 20,643 facilities, £3.83bn has been drawn down through 18,338 facilities.

FCA Highlights Financial Crime Concerns to Challenger Banks

2 years 7 months ago
Banking

A review by the Financial Conduct Authority (FCA), conducted over 2021, has raised concerns over the financial crime controls of challenger banks, finding a rise in the number of Suspicious Activity Reports (SARs). The review included an in-depth focus on six challenger retail banks, primarily consisting of digital banks covering over 8 million customers.