Atom Bank Raises More Than £75m to Fuel Growth as It Heads Toward IPO
- 3 years 1 week ago
- Banking
Atom, the UK’s first app-based bank has raised more than £75m in new equity priced at 70p per share as it continues to grow its profitability and drive to IPO. The raise will be led by BBVA and by Toscafund with co-investors Infinity Investment Partners, and is now being opened to other existing shareholders. Today’s announcement follows a £40m raise in April 2021. The Durham-based digital lender has now raised more than £115m in the last 12... more
Tinkoff Launches Russia's First Fully Digital Mortgage Offering
Tinkoff is introducing a new line of business – digital mortgage loans. Tinkoff’s mortgage loan offering is the first of its kind in Russia: the process will take place entirely online, from paperwork to credit issuance. Since Tinkoff has always been branchless, customers will not need to visit a brick-and-mortar location at any stage of the transaction, including when applying for electronic signatures.
nCino Announces Timing of its Fourth Quarter and Fiscal Year 2022 Financial Results Conference Call
nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, will report financial results for its fourth quarter and fiscal year ended January 31, 2022, after the market close on Thursday, March 31, 2022.
Leading Real Estate Consultancy Gears Up for Growth After Record Year
- 3 years 2 weeks ago
- Banking, Consultancy
National real estate practice, Naismiths set to expand workforce and UK footprint in 2022 following record-breaking year Shawbrook Bank backs the consultancy with term loan and revolving credit facility Real estate consultancy Naismiths is set to invest in growth over the next 12 months with support from Shawbrook Bank. The business, which is headquartered in Birmingham and employs 60 employees across the UK, is planning to expand its... more
Wolters Kluwer Compliance Solutions Appoints Ex Federal Reserve Bank of Chicago Senior Advisor to U.s. Advisory Services Team
- 3 years 2 weeks ago
- Banking
Veteran fair lending expert assumes newly created post to help guide financial institutions
Sopra Steria has been awarded a place on Crown Commercial Service’s Debt Resolution Services Framework
UK government aims to revolutionise the debt management process for fairer customer outcomes Sopra Steria (https://www.soprasteria.co.uk/), a purpose driven digital transformation provider, today announces it has been selected by Crown Commercial Service (CCS) as one of two managed service providers for debt collection within the government’s new Debt Resolution Services framework.
Banked Ltd Announces $20 million Series A Funding Round Led by Bank of America
- 3 years 2 weeks ago
- Banking
Banked Ltd (“Banked”), provider of a new payment method enabling consumers to pay from their existing mobile banking app, today announced the completion of a $20 million Series A funding round. The investment was led by Bank of America and Edenred Capital Partners. Existing investors Acrew, Force Over Mass, Firestartr, OM2, Love Ventures Kuvi Capital and Paul Forster (founder of Indeed.com) have participated again. New investors include Sidekick... more
FBN Bank (UK) Ltd Extends its Real-Time Liquidity Management Platform to Improve Reconciliation Capabilities
- 3 years 2 weeks ago
- Banking
FBN Bank (UK) Ltd, a long-time customer of treasury software leader, Planixs, is to extend the functionality of Planixs' real-time cash and liquidity management solution, Realiti®, by implementing its Real-Time Reconciliation module to improve reconciliation capabilities.
Top 50 US Bank Completes Core Transformation with Temenos
- 3 years 2 weeks ago
- Banking, Core Banking
Commerce Bank goes live on Temenos core banking platform to reimagine banking for the digital era Temenos, the banking software company, today announced that Commerce Bank has gone live with Temenos core banking platform. This milestone completes Commerce Bank’s modernization project to move from its legacy systems for deposits to a modern, agile and open platform tailored for the US market.
Regulators Signal Tougher US Bank-merger Reviews Ahead
- 3 years 2 weeks ago
- Banking
US regulatory agencies announced new steps this week for their reviews of proposed bank mergers.
3S Money partners with ClearBank to boost international trade
- 3 years 2 weeks ago
- Banking
3S Money, the UK bank challenger, has partnered with ClearBank, the cloud-based clearing bank, to offer multicurrency accounts to its retail and corporate clients for the first time, to support their international growth and that of their end users.
Bmo Asset Management Inc. Offers Access to Yield-enhancing Segments of the Bank Funding Market With Its New Bmo Canadian Bank Income Index Etf (Zbi)
- 3 years 2 weeks ago
- Banking
The annual pace of inflation is approaching 5% in Canada, an all-time high in 30 years. Combinedwith low yields, investors face challenges around theirfixed income portfolio allocations. BMO Asset ManagementInc. offers investors convenient access to a portfolio of unique high yielding fixed income securities through the BMO Canadian Bank Income Index ETF (ZBI). This ETF seeks to replicate the performance of the Solactive Canada Bank Income... more
11/02 – Weekly Fintech Recap
- 3 years 2 weeks ago
- Artificial Intelligence, Blockchain, E-Commerce, Open Banking, RegTech, Banking, Online Banking, M&A Deals, People Moves
Partnerships Refinitiv expands collaboration with Microsoft to launch market-data powered AI Assistant in Microsoft Teams
Itv Partners With Ecospend to Offer ‘pay-by-bank’ Services for Itv Win Competition
- New partnership signals new banking payment method adopted by ITV ITV has today announced that it is partnering with Ecospend, a leading UK provider of open banking technology, to offer customers the ability to ‘pay-by-bank’ for its ITV Win competitions, which feature on headline shows, such as I’m A Celebrity… Get Me Out Of Here!
