GBB Goes Live on nCino to Enhance and Streamline Banking Workflow
Challenger bank utilising the nCino Bank Operating System® to bring easier access to funding to SME property developers nCino, Inc. a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that ‘champion for the North’ challenger bank GBB is live on the nCino Bank Operating System®.
Nubank’s first profitable H1 in Brazil vindicates its scale-first approach
- 3 years 8 months ago
- Banking
Nubank revealed that it turned its first-ever half-year profit in Brazil, its home market and its biggest one, per Reuters. The neobank reported H1 2021 net income of BRL$76 million ($14.7 million), a year-over-year (YoY) surge from its H1 2020 loss of BRL$95 million ($18.4 million). (The update doesn’t include performance data for the company’s other markets, Mexico and Colombia.)
Zopa Raises $300 Million Led by Softbank Vision Fund 2 to Build the UK’s Best Bank for Lending and Savings
- 3 years 8 months ago
- Digital banking, Fundraising News, Banking
· Launched in June 2020, Zopa bank is one of the UK’s newest digital banks, built on its unique legacy as the world’s first Peer-to-Peer lender · It meets customer needs by focusing on how they borrow and save, the two things with the most impact on consumer finances · Latest financing is a clear validation of Zopa’s sustainable lending model and of its strong unit economics
Rosbank, Part of the Societe General Group, and Diasoft Named Finalists of the Global Banking Tech Awards 2021
- 3 years 8 months ago
- Banking, IT Innovations
The joint project of Rosbank, part of the Societe General Group, and Diasoft has been named finalist of the global Banking Tech Awards 2021 in the category “Best Use of IT for Lending”. The large-scale IT transformation project “Core Engine for Loans and Deposits” (CELD) based on Diasoft’s digital solutions allowed the bank to fully move its corporate lending business processes into the digital environment.
Chip closes the biggest equity crowdfund of the year; raises £11.5m from 12K investors
- 3 years 8 months ago
- Fundraising News, Banking
Chip, the digital savings account, has raised a total of £11.5 million from 12,954 investors, making it the biggest equity crowdfund of the year as well as the biggest equity crowdfund held on Crowdcube of all time. As part of the record-breaking round, Chip raised £1 million in under 10 minutes and hit £8.6+ million in under 48 hours. Off the back of the crowdfund, the company added 6,500 new investors, growing its shareholder community to over... more
BIAN Defines the Future of Banking with Development of their Coreless Banking Platform
- 3 years 8 months ago
- Banking, Infrastructure
Banks, fintechs, and software vendors collaborate to overcome obstacles surrounding interoperability BIAN, the independent not-for-profit standards association, is today announcing the second iteration of its ‘Coreless Bank’ initiative. Working with experts from DXC, IBM-Redhat, JPMorgan Chase, PNC, Salesforce, Tata Consultancy Services, Thought Machine and Zafin, the concept has been developed to overcome the common obstacles surrounding the... more
Banking Platform Launches to Power SME Lending Across Europe
- 3 years 8 months ago
- Digital banking, Lending, Banking
FIBR brings EUR 1bn of lending to help European SMEs thrive post-pandemic FIBR, the connected digital bank, has launched with the sole focus of servicing European SMEs, through combining the stability of a bank with the agility and technology of a fintech.
Telenor Microfinance Bank Goes Live on Temenos with NdcTech to Drive Digital Growth
- 3 years 8 months ago
- Payments, Banking, Core Banking
Temenos Transact core banking will enable fast product innovation and massive scalability and efficiency for Pakistan’s leading digital payments platform Easypaisa. Telenor Microfinance Bank, operator of Pakistan’s leading digital payments platform Easypaisa, has gone live on Temenos’ modern core banking platform with NdcTech to power its digital banking services.
Payally Chooses Nets for Issuer and Acquirer Processing
Payment services provider PayAlly, and Nets Group, one of Europe's leading PayTechs, have entered into a partnership for full issuing and acquiring processing services in the United Kingdom.
MoneyLIVE Autumn Festival: Launches both virtually and in-person this October and November, featuring all-star speaker line-up
- 3 years 8 months ago
- Banking
MarketforceLive is delighted to announce the launch of the MoneyLIVE Autumn Festival 2021! With virtual episodes PLUS the highly anticipated Big Meet-up, which will bring the banking community back together face-to-face, giving you the option to create the right festival experience for you this year.
Prepare your banking business for the future
- 3 years 8 months ago
- Banking
The banking sector faces a moment of reckoning. Bitcoin is legal tender in El Salvador and accepted at outlets from Home Depot to Starbucks. Traditional banks face growing competition from specialists, digital challengers and non-bank brands. Branches are a thing of the past. For banking management, this is much more than just a shift in market dynamics. The digitization forces currently at work threaten the very foundations of our finance and... more
Bank of England Increasingly Nervous that a Crypto Time-bomb is Ticking
- 3 years 8 months ago
- Banking
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown ‘’Regulators have been tip-toeing round the crypto world, shouting out occasional warnings to the crowds of speculators, but we now have the firmest indication yet that they will soon be stepping in to break up the block party. The Deputy Governor of the Bank of England Sir Jon Cunliffe clearly believes the speculation has reached such a level that a crypto time-bomb... more
Banking Systems: Finding a Needle in the Haystack
- 3 years 8 months ago
- Banking
Historically, IT and tech infrastructure at banks has never been focused on the customer. The design underpinning these labyrinthine networks was centred on the delivery of distinct outputs and functions relating to different financial products. These individual products, whether they be credit cards, current accounts, mortgages or indeed any product relating to family life and responsible adulthood as we know it, were designed to be managed in... more
FCA Issues Warning to Businesses over Hybrid Working Risks
- 3 years 8 months ago
- Banking
The Financial Conduct Authority (FCA) has issued new guidance to companies operating a remote or hybrid working model. The new directive states that firms will be evaluated by us on a case-by-case basis and should be able to prove that the lack of a centralised location or remote working does not or is unlikely to affect the company’s ability to meet the threshold for the for the regulated activities it has or will have permission for.
Atom Bank Hits One Billion in SME Lending
Atom bank, the Durham-based fintech, is celebrating hitting £1bn in lending to SMEs. The milestone, which was reached on 15 October, includes all completions originated through Atom’s own secured lending and also the bank’s ongoing partnership with Funding Circle to provide unsecured loans to UK SMEs. This latest milestone comes after the UK’s first app-based bank reached several other significant customer and commercial highpoints.
