NymCard Announces $7.6 Million Series A Funding
- 4 years 3 months ago
- Fundraising News, Payments, Banking, FinTech StartUps
NymCard, the leading MENA Banking as a Service (BaaS) provider has announced that they have received $7.6 million in Series A Funding. This round of funding was led by Shorooq Partners in participation with OTF Jasoor Ventures and VentureSouq. With this round NymCards total raised funding amounted to $12 million to date.
Virgin Money Signs Up Codat to Bolster Business Bank Proposition
- 4 years 3 months ago
- Banking
Virgin Money has added leading FinTech, Codat, to its growing team of technology partners as it strengthens its digital business banking credentials. London-headquartered Codat’s financial technology offer will play a key role in allowing seamless and secure exchange of data between Virgin Money and its business bank customers.
Experian Gives Monzo Bank Customers A Boost
- 4 years 3 months ago
- Banking
Monzo Bank customers can now connect their bank accounts to Experian Boost, giving them the ability to increase their Experian Credit Score instantly for free. Experian Boost is the UK’s first service to help consumers improve their credit scores using transactional information like total current account incomings and outgoings, as well as regular payments to digital streaming providers, savings accounts and council tax.
Banking 2021 to Address Ways to Build Profitable Banking Services
- 4 years 4 months ago
- Banking
Vacuumlabs, a trusted global software development partner with a proven track record in successfully delivering full-stack fintech solutions, joins forces with Manifesto Growth Architects to host a
Dozens Steps Up Its Current Account Offering With ClearBank
- 4 years 4 months ago
- Banking
ClearBank, the cloud-based clearing bank, today announced it will be helping
NatWest Doubles Female Entrepreneurship Funding to £2bn to Support UK’s Recovery
- 4 years 4 months ago
- Banking, FinTech StartUps, IT Innovations
NatWest has today announced an additional £1 billion in funding to help support female-led businesses in the UK recover from the coronavirus. The aim is to ultimately help female entrepreneurs scale and grow, and builds on the £1bn announced last January, which was the largest intervention by a UK lender focused specifically on female-led businesses.
Temenos Transforms Corporate Banking with End-to-End, Cloud-Native Corporate Lending Platform
Temenos (SIX: TEMN), the banking software company, today announced its next-generation end-to-end corporate lending platform, designed to help banks digitally transform their entire corporate banking business to reduce cost and drive operational efficiencies, improve customer experiences, and create offers for customers that are tailored to individual corporate needs.
Avaloq Introduces Consulting Firm d-fine as a Special Service Partner
- 4 years 4 months ago
- Banking, Consultancy
Frankfurt-based d-fine joins Avaloq’s global partner network to strengthen the leading digital banking solutions provider’s implementation capabilities.
first direct Is the UK’s Top Brand for Customer Service
- 4 years 4 months ago
- Banking
first direct is the #1 company in the UK for delivering high quality customer service, according to The Institute of Customer Service.
Mobile Banking Increases Despite Home Lockdowns
- 4 years 4 months ago
- Banking
Over the course of the last 12 months, online banking usage among first direct customers has declined 21% compared to mobile banking. While nearly 98% of all transactions made by first direct customers are digital, nearly five times more transfers and payments now take place using the app (82% of payments) compared to online banking (18%). And over 87% of balance enquiries are now made using the fd app, as opposed to 13% through online banking.
NEO Finance Founder: P2P Platforms Are Now Actively Competing for Borrowers With Banks
In a recent interview with
Cecabank Chooses Broadridge to Provide Automated Proxy Voting Service
- 4 years 4 months ago
- Banking
To broaden its services related to new mandatory obligations under the updated Shareholder Rights Directive (SRD II) Cecabank S.A., one of the largest global custodian banks in Spain, has selected Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader, to provide them with Broadridge’s leading global proxy voting solution.
Cynergy Bank Implements nCino to Provide an Omnichannel and Agile Customer Experience
nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that specialist banking provider Cynergy Bank has adopted the nCino Bank Operating System to support its SME lending processes, following a suc
Wolters Kluwer FRR and Risk.net Survey Identifies Risktech Innovation as Key to Banks’ Competitive Edge
- 4 years 4 months ago
- Banking, Risk Management
More than 80% of risk professionals view risk technology (risktech) innovation as imperative to their banks’ competitive edge, with tech spend being directed towards effectiveness rather than cost reduction.
Over 60’s Turning to Digital Banking Up by 90% During Pandemic
More than 90% of people aged over 60 have used online banking for the first time during the Covid-19 pandemic, according to a poll by iResearch Services, highlighting the importance of banks getting digital right in 2021. In comparison, 17% of people aged under 30 said they were accessing services via an app or web browser for the first time.
