On February 14, Sovcombank Merged With Vostochny Bank and the Latter Ceased to Exist
- 3 years 4 months ago
- Banking
Sovcombank closed the acquisition of Vostochny Bank on April 14, 2021. The operational integration of the banks was completed in 2021, and on February 14, 2022, Vostochny Bank accessed into Sovcombank, which became the legal successor to its assets and liabilities.
GreenBox POS Enters Partnership with Cross River, Paving the Way Toward Full Banking as a Service Initiative
- 3 years 4 months ago
- Blockchain, Banking, Security
End-to-End Banking Solution to Massively Expand Universe of Existing and Potential Customers Creating Multiple New Channels for Revenue and Eliminating The Need for Multiple Financial Platforms
Unlimint Adds Pix to Its Acquiring Offering Globally
Unlimint, the award-winning global fintech company, announced that it has added Brazil’s real-time payment system, Pix, to its local payment methods portfolio, enabling merchants access to 107.5 million Brazilian customers.
TSB Launches New BankiFi App to Help Business Customers Receive Quicker, More Convenient Payments
- 3 years 4 months ago
- Banking, Core Banking, Technical
Banking technology platform provider, BankiFi, has partnered with TSB to launch Revenu; an app, exclusive to TSB that will allow small businesses to receive quicker payments and to better manage their business finances. Revenu allows TSB’s business clients to collect customer payments from requests sent via SMS, WhatsApp, email and QR code. It significantly simplifies the invoice process by providing several flexible, accessible ways of... more
Cynergy Bank Reaches £3Bn Lending Milestone
£3bn lent to scale-ups and property entrepreneurs across the UK Cynergy Bank, has reached a lending milestone having grown to £3bn by continuing to support SME’s, property entrepreneurs and homeowners. Cynergy Bank, the human digital bank, reached the milestone figure at the beginning of 2022 against a backdrop of two years of economic uncertainty caused by the pandemic.
Atom Bank Raises More Than £75m to Fuel Growth as It Heads Toward IPO
- 3 years 4 months 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 4 months 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 4 months 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 4 months 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 4 months 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 4 months 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 4 months ago
- Banking
US regulatory agencies announced new steps this week for their reviews of proposed bank mergers.
