Amount — One of the Fastest Growing FinTech Players Worldwide — Reaches $1B Unicorn Status
- 4 years 1 month ago
- Banking, FinTech StartUps
Amount, a leading technology provider for financial institutions, today announced it has closed a Series D capital raise, bringing in nearly $100 million of additional primary equity capital from WestCap, a growth equity firm founded by Laurence Tosi, Hanaco Ventures, Goldman Sachs, Invus Opportunities and
Overall Digital Transactions are Increasing but Cash Remains Strong Due to Ease of Payments
- 4 years 1 month ago
- Banking, Core Banking, PaaS, Technical
The second wave of the pandemic has had a significant impact on the handling and management of cash. This has in turn brought about substantial shift in behavioural patterns among the masses however cash still remains strong. –
Mauritanian Bank for International Trade Launches Digital Bank, Masrvi, Powered by TagPay
- 4 years 1 month ago
- Trading Systems, Core Banking
The Mauritanian Bank for International Trade (BMCI) (www.BMCI.mr) has partnered with TagPay to roll out its digital bank Masrvi, aimed at providing digital, value-added financial services to its customers.
Atom Bank Starts Lending Under the Recovery Loan Scheme
- 4 years 1 month ago
- Banking
Following accreditation by the British Business Bank, Atom has today started to offer quotes on its award winning secured lending products under the Recovery Loan Scheme (RLS). Having been one of the leading providers of broker-led secured lending to new and existing customers under the Coronavirus Business Interruption Loan Scheme (CBILS), Atom’s accreditation for RLS confirms the bank’s continuing support for businesses across the UK.
Yolt Technology Services (YTS) Launches Open Banking-Powered Tool to Revolutionise Affordability Checks
- 4 years 1 month ago
- Open Banking, Banking
Yolt Technology Services (YTS), the leading open banking provider, has today launched their Cashflow Analyser tool, a solution powered by its Account Information Services (AIS) that gives credit underwriters deeper insights into the cashflow of credit applicants and customers to streamline and simplify affordability assessment processes.
Atom Bank Starts Lending Under the Recovery Loan Scheme
- 4 years 1 month ago
- Banking
Following accreditation by the British Business Bank, Atom has today started to offer quotes on its award winning secured lending products under the Recovery Loan Scheme (RLS). Having been one of the leading providers of broker-led secured lending to new and existing customers under the Coronavirus Business Interruption Loan Scheme (CBILS), Atom’s accreditation for RLS confirms the bank’s continuing support for businesses across the UK.
Almost a Third of SME Leaders Optimistic About Restrictions Lifting in June, But Fearful of Future Lockdowns
- 4 years 1 month ago
- Banking
As we enter the next phase out of lockdown, research from Nucleus Commercial Finance reveals nearly a third (31%) of SME leaders are optimistic about all restrictions lifting on June 21st, however they also fear future lockdowns and the impact this will have on their business.
Temenos MarketPlace Welcomes Taurus, the Next-Generation Digital Assets Platform, to Unlock Banks’ Access to Crypto Assets
- 4 years 1 month ago
- Blockchain, Asset Management, Banking, Core Banking
Temenos , the banking software company, today announced the integration of Taurus SA (“Taurus”), the Swiss digital asset and blockchain infrastructure fintech, with Temenos Transact, the next generation core banking software. Following a thorough landscape review and evaluation process, Temenos selected Taurus as a partner to deliver simplified access to digital assets for its banking clients.
‘Switch to Crypto is Moving at Breakneck Speed’ Reports Payment Firm
- 4 years 1 month ago
- Payments, E-Wallets, Cryptocurrencies, Banking
A leading e-wallet firm has revealed that cryptocurrency deposits increased by 48% in the first quarter of this year while fiat (official government) currency use remained flat. STICPAY figures show Bitcoin is the leading cryptocurrency of choice for its e-wallet users, dwarfing Ethereum, Litecoin and Tether by 38 times their combined usage.
Banking Circle joins P27 initiative as a front-runner bank to support consolidation of currently fragmented Nordics payments ecosystem
- 4 years 1 month ago
- Transaction Banking, Payments, Banking
Global financial infrastructure provider, Banking Circle, has joined the P27 Nordic payment initiative as a front-runner bank in creating bulk-clearing for the Danish Krone, underlining its commitment to building a global payments infrastructure. P27 has been acknowledged as a vital initiative to address the disparate clearing systems currently operating across the Nordic region. Banking Circle sees its membership of P27 as a crucial piece in... more
Marqeta Partners with Swissquote to Enhance Digital Banking and Trading Offerings
- 4 years 1 month ago
- Banking
Marqeta, the global modern card issuing platform, today announced it is partnering with Swissquote, a leading provider of online financial services, to offer a new app-based card program that gives users control over a range of financial activities, including banking and investing, in a single digital space.
FinecoBank Announces Record Breaking Profits and UK Growth
- 4 years 1 month ago
- Trading Systems, Investment, Banking
FinecoBank, one of Europe’s leading fintech banks, reported record volumes from its UK client base this quarter. Fineco’s current accounts increased by around 50% in April 2021 compared to the end of 2020.
Five Degrees Announces Swishfund as Launching Customer for Their New Cloud Native Core Banking Platform °neo.
- 4 years 1 month ago
- Core Banking
Five Degrees is delighted to announce Swishfund as its first customer on °neo, its new cloud native core banking platform. Fintech Swishfund was founded in 2016 and provides direct lending products to SME businesses in the Netherlands and the United Kingdom. Swishfund will migrate its existing customer base onto °neo, as it focusses on further expanding its business.
Finastra Harmonizes Origination for Deposits, Loans and Mortgages to Provide a Seamless Digital Experience
Finastra today announced the launch of Fusion Originate, a single platform encompassing consumer and business deposits, loans and mortgages.
Germany’s Degussa Bank Selects Nets to Power Its Digital Card Services
- 4 years 1 month ago
- Banking
Frankfurt-based Degussa Bank and European payment services provider Nets have joined forces to create a modern, innovative consumer credit card offering in Germany.
