Banking and Financial Services Taskforce Delivers SME Action Plan to Boost UK Economic Growth
- 9 months 1 week ago
- Banking
The SME Finance Taskforce, a group of leading banks, alternative lenders, fintechs, accountancy software providers, payment schemes, credit reference agencies and industry bodies, has developed an action plan to energise the UK economy. The plan will speed up lending and access to finance for 5.5 million SMEs, which employ 60% of the private-sector workforce and deliver over 50% of UK economic turnover.
Chase and DoorDash Announce Expansion of Partnership to Include New Grocery Benefits for Chase Sapphire and Other Consumer Branded Cards
- 9 months 1 week ago
- Banking
Chase, the largest credit card issuer in the U.S., announced an extension and expansion of its partnership with DoorDash, the premier local commerce platform. Starting today, Chase Sapphire and other eligible Chase cardmembers will receive recurring benefits on orders from grocery, convenience, and non-restaurant stores on DoorDash.
87% of Banks are Using Other Banks' Services to Execute Their Payments Offerings
- 9 months 2 weeks ago
- Banking
A study conducted by Tietoevry in collaboration with Finextra Research found that 87% of banks rely at least in part on other banks in order to implement their service offerings. This reflects a growing trend towards partnership and collaboration in the financial industry.
Finastra and Tech Mahindra Sign Strategic Partnership to Accelerate Digital Transformation for Corporate Banks
- 9 months 2 weeks ago
- Banking
Tech Mahindra, a leading global provider of technology consulting and digital solutions to enterprises across industries, has announced a strategic partnership with Finastra, a global provider of financial software applications and marketplaces, to help corporate banks accelerate their digital transformation journe
SME Neobank Ampere Announces Partnership with Mastercard to Streamline Financial Solutions
- 9 months 2 weeks ago
- Banking
Ampere, the neobank providing all-in-one financial services for SMEs, has today announced its partnership with Mastercard to expand its services and transfers Goffering, marking a milestone in its mission to streamline financial solutions for SMEs.
Konsentus Verify Now Available on Temenos Exchange
- 9 months 2 weeks ago
- Banking
Konsentus today announced that Konsentus Verify, Europe’s leading open banking identity and regulatory checking solution, is now available on Temenos Exchange, the partner ecosystem of integrated fintech solutions. Konsentus Verify ensures end-user account access is never granted to unauthorised third parties, giving consumers and businesses the highest degree of protection when making open banking transactions.
First Eurozone Sovereign Digital Bond Issuance for the Republic of Slovenia Issued and Placed by BNP Paribas
- 9 months 2 weeks ago
- Banking
BNP Paribas arranged and placed the first ever Sovereign digital bond issuance for Eurozone and EMEA, the Republic of Slovenia with on-chain settlement using the Banque de France’s tokenised Cash solution provided within the European Central Bank’s wholesale central bank money settlement experimentation programme. BNP Paribas acted as Global Coordinator and Sole Bookrunner on this transaction and Clifford Chance as advisor.
10x Banking Launches World’s First ‘Meta Core’ to Help Banks Achieve Full Transformation Faster
- 9 months 2 weeks ago
- Banking
10x Banking, the cloud-native core banking platform, has today announced the launch of a new category of core technology – a ‘meta core’ designed to help banks and financial services accelerate towards full transformation. The news follows 10x Banking’s $45 million funding round in January, led by existing investors BlackRock and J.P. Morgan.
Banco Sabadell Elevates CX with UserTesting’s QXscore
- 9 months 3 weeks ago
- Banking
UserTesting, a SaaS leader in experience research and insights, today announced its collaboration with Banco de Sabadell, S.A., marking the establishment of UserTesting’s QXscoreⓇ as the bank’s benchmark for digital quality and satisfaction. The bank now mandates a minimum QXscore of 85 for its digital offerings prior to their market release.
My EU Pay Selects ClearBank to Expand Its Client Offerings
- 9 months 3 weeks ago
- Banking
My EU Pay, the financial institution that offers frictionless payments and FX to businesses, has partnered with ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, to provide a range of banking services for their clients.
The Current Account Switch Service Reaches 1.4 Million Switches in the Past 12 Months
- 9 months 3 weeks ago
- Banking
Today, the Current Account Switch Service publishes its Q2 2024 Dashboard reporting the latest switching figures and trends. Between April and June 2024, the Current Account Switch Service facilitated 313,293 switches, taking the total number of switches since the Service launched in September 2013 to 10.9 million. More than a decade since launch, the Service has successfully redirected 152.7 million payments.
Revolut Receives UK Bank License After 3-Year Wait
- 9 months 3 weeks ago
- Banking
Revolut, a global financial super app serving over 45 million customers worldwide and 9+ million customers in the UK, is thrilled to announce that it has been authorized as a UK bank subject to restrictions. This significant milestone marks an important step in Revolut's journey to launch its bank to customers in the UK.
Hello Alice Announces Expansion of Small Business Accelerators and 2024 Boost Camp Programs
- 9 months 3 weeks ago
- Alternative Finance
Hello Alice, the fintech platform connecting 1.5 million small businesses to capital, connections, and opportunities, has announced the expansion of its small business accelerators and additional Boost Camp programs for 2024. In partnership with top enterprise partners and the Global Entrepreneurship Network, the Boost Camps offer a combination of skill-building programs and grant opportunities to small business owners across the U.S.
Liberis Partners with Nexi to Launch Revenue-Based Financing into Germany
- 9 months 3 weeks ago
- Banking
The Liberis Group, one of the leading global embedded finance platforms, announced their launch into the German market through Liberis Debt Fund GmbH & Co. KG represented by Liberis Debt Fund Management GmbH with Nexi, the leading PayTech company in the European market. Nexi Financing, powered by Liberis, will provide 120,000 merchants with the flexible funding options they need to maintain and grow their businesses.
NAB and Plenti Switch on PayTo for Personal Loan Customers
- 9 months 3 weeks ago
- Banking
Customers of fintech lender Plenti now have a faster and more simple way to make additional loan repayments through NAB’s Pay by Bank. Plenti is the first NAB business customer to integrate the new account-to-account payment solution in its online lending platform, allowing its customers to make real-time payments via PayTo to pay down their debt faster.
