Saxo Bank Completes Sale of Fintech Joint Venture to Geely Group
- 3 years 3 weeks ago
- Banking
Saxo Bank is pleased to announce the successful completion of its transaction involving the sale of Saxo Geely Tech Holding A/S (Saxo Fintech) to Geely Financials Denmark. All relevant agreements have been duly signed, formalising the closing of this transaction. As part of this transaction, Saxo Bank receives its own shares in return - equivalent to approximately 2% of the outstanding Saxo Bank shares.
NORD/LB Leverages Continuous Integration for Latest MX.3 Upgrade
- 3 years 3 weeks ago
- Banking
NORD/LB Norddeutsche Landesbank, a leading renewable energy financier, has gone live on a new version of the MX.3 platform using Murex continuous integration solutions and services. NORD/LB capital markets activity relies on the MX.3 platform for front office, enterprise risk management—limit control, credit risk and stress testing—and back office, including collateral and accounting.
High Street Banks Slash Funding for SMEs, Says Iwoca
- 3 years 1 month ago
- Banking
Small and medium-sized enterprises (SMEs) are finding it increasingly hard to access funding from high street banks, new data out today reveals. According to data from fintech firm iwoca, 84 per cent of finance brokers said high street banks were increasingly reluctant to lend to SMEs. This was seven percentage points more than the quarter before.
Revolutionizing Business Banking: Introducing SprintNXT by PaySprint
- 3 years 1 month ago
- Banking
PaySprint Private Limited is proud to unveil SprintNXT, an innovative leap in business banking solutions designed to propel SME / MSME businesses into the future of finance. SprintNXT is not just another banking platform; it's a strategic partner for modern enterprises, paving the way for uncomplicated financial management, enhanced security, and optimal resource allocation.
Banking Circle Joins Forces with FIFA Clearing House
- 3 years 1 month ago
- Banking
Banking Circle, the tech-led payments bank, has joined forces with the FIFA Clearing House (FCH) to process and streamline the payment of training rewards (solidarity mechanism and training compensation) corresponding to international player transfers in an efficient and secure manner, in line with the mission of th
LHV Bank Completes Business Transfer and Strengthens its BaaS Offering
- 3 years 1 month ago
- Banking
LHV Bank, the UK's newest licensed bank, has finalised the business transfer from its Estonian affiliate, AS LHV Pank’s UK branch, to its newly licensed entity. This transition, affecting LHV Bank’s Banking Services clients in the UK, follows LHV Bank receiving its banking licence this May and the subsequent approval from the UK High Court to transfer the business.
JCB Launches New Whitepaper Providing Insights for European Merchants to Capitalise on the Rise of E-commerce Spend by Asian Online Shoppers
- 3 years 1 month ago
- Banking
JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., has launched a new whitepaper aimed at supporting European merchants to address a common challenge in the e-commerce space: cart abandonment. Merchants who proactively tackle this issue – where online customers do not complete a purchase - will be able to capitalise on the ongoing growth of online shopping and to discover new opportunities in the global... more
HSBC Announces ETF Platform Solutions
- 3 years 1 month ago
- Banking
HSBC announced today the launch of ETF Platform Solutions – its new end-to-end platform for providing asset servicing solutions to ETF issuers globally.
Cebuana Lhuillier Bank Selects Temenos to Scale Rural Banking Services for Unbanked Filipinos
- 3 years 1 month ago
- Banking
Temenos today announced that Cebuana Lhuillier Bank, one of the most dynamic rural banks in the Philippines, has selected Temenos to modernize its core banking platform, helping the bank, which serves seven million Filipinos, to quickly launch new banking products and scale efficiently. With Temenos, Cebuana Lhuillier Bank aims to expand its product offerings and grow to more than 11 million customers over five years.
Mahalo Banking Selected as a 2023 Finovate Awards Finalist for Best Fintech Partnership and Excellence in Financial Inclusion
- 3 years 1 month ago
- Banking
Mahalo Banking, a CUSO that provides online and mobile banking solutions for credit unions, has been selected as a 2023 Finovate Awards finalist for the categories of Best Fintech Partnership and Excellence in Financial Inclusion. The Finovate Awards recognize the companies driving fintech innovation forward and the individuals introducing new ideas to the industry.
UK Banks More Resilient to Turbulent Market Conditions Than Their US Counterparts, Research Shows
- 3 years 1 month ago
- Banking
As financial services providers and consumers face continued pressures from economic and market instability, FIS®, a global leader in financial services technology, has fielded new research to explore how executives and consumers are responding to the environment, and how they’re making their financial or investing decisions.
Fintech Revolution: Should Banks Worry?
- 3 years 1 month ago
- Banking
Fintech Revolution: Should Banks Worry?
Fime to Help Bangladesh Bank Launch Nation’s Domestic Card Scheme
- 3 years 1 month ago
- Banking
Kids’ Increased Financial Freedom Set to Put the Bank of Mum and Dad Out of Business
- 3 years 1 month ago
- Banking
The increasing financial freedom of UK kids is set to put the bank of mum and dad out of business, according to research from the latest Youth Economy Report from GoHenry, the prepaid debit card and financial education app for 6-18-year olds.
Global Banks Progressing Towards Go-live on the Finteum Platform
- 3 years 1 month ago
- Banking
Several global banks have progressed with the Finteum Platform integration work, ahead of going live with the system. The Finteum Platform is an execution venue that brings intraday funding capabilities to the global interbank market. 19 banking groups with a combined balance sheet of $23.5trn attended a joint trial of the software in Q2 2023, together with observers from national prudential authorities. The Finteum Platform is expected to... more
