Commerzbank and Google Cloud Strengthen Partnership
- 4 years 4 months ago
- Banking
Google Cloud and Commerzbank, a leading German commercial bank with a strong international focus, announced today that they are expanding their collaboration by entering into a five-year, strategic partnership. With the help of Google Cloud, Commerzbank will move a significant number of its banking applications to the cloud, a continuation of a comprehensive digital transformation strategy underway since 2017.
Railsbank and Paceline Collaborate on First-ever Health and Wellness Credit Card
- 4 years 4 months ago
- Banking
Railsbank, a leading global Banking-as-a-Service (BaaS) and Credit Card-as-a-Service (CCaaS) platform, and
Allica Bank Boosts Asset Finance Division With Appointment of Four New Relationship Managers
- 4 years 4 months ago
- Banking
Allica Bank has made four appointments to its award-winning Business Relationship Manager team to further strengthen its operational capacity in commercial property finance and asset finance lending. All four will be focused on developing Allica Bank’s broker distribution channel.
Commerzbank Postpones Annual General Meeting
- 4 years 5 months ago
- Banking
The Board of Managing Directors of Commerzbank AG has decided to postpone the Annual General Meeting (AGM) originally planned for 5 May 2021. The postponement is due to the ongoing restaffing on the Supervisory Board. The company aims to hold the AGM in short term and publish the necessary election proposals with the invitation.
Creditinfo Group Becomes Majority Shareholder of Kredītinformācijas Birojs (KIB)
- 4 years 5 months ago
- Banking
Today, Creditinfo Group – the leading global credit information and decision analytics provider – announced that is has increased its stake in JSC “Kredītinformācijas Birojs” (KIB) to 51%, becoming the majority shareholder. Earlier this month, the US private equity fund Levine Leichtman Capital Partners (LLCP) became the majority shareholder of Creditinfo Group. As the result of that transaction, the share capital of the KIB joint stock... more
Future Fund Approves £1.2 Billion of Convertible Loan Agreements
- 4 years 5 months ago
- Fundraising News, Banking
Today the British Business Bank publishes Future Fund data that gives a detailed picture of the 1,236 companies that have been approved for £1.20bn (£1,203.7m) worth of Convertible Loan Agreements since the scheme was launched on 20 May. There have been 1,846 applications in total since the scheme was launched and the scheme closed to new applications on 31 January 2021.
British Business Bank Support Schemes Delivers Over £75Bn of Loans to 1.6M Smaller Businesses
- 4 years 5 months ago
- Banking
Today the government published new statistics that show businesses across the UK have to date benefitted from 1,630,155 government-guaranteed loans worth £75.1bn to support their cashflow during the crisis through schemes delivered by the British Business Bank.
Curve and Equifax UK partner to deliver consumer credit solution to Curve Credit
Equifax UK, the business and consumer insights expert, has signed an exclusive agreement with UK consumer fintech and payment card app Curve to deliver comprehensive verification and ID solutions to its new personal finance product, Curve Credit. Powered by Open Banking, Curve Credit allows consumers to ‘Go Back in Time’ and pay later via instalments on transactions made with their Curve card.
Fineco Adds Ninety One Funds to Investing Platform
- 4 years 5 months ago
- Investment, Banking
FinecoBank announces today that funds from global investment manager, Ninety One are now available on its investing platform. Fineco’s growing customer base in the United Kingdom can now access a selection of Ninety One’s distinctive active investment strategies including the sustainability focused Global Environment Fund which invests in companies that are driving decarbonisation.
Meniga Closes a €10M Investment Round Led by Velocity Capital and Frumtak Ventures to Meet Global Demand for New Green Banking Products
- 4 years 5 months ago
- Fundraising News, Banking
Meniga (www.meniga.com), a leading provider of digital banking solutions for some of the world’s largest financial institutions, has closed a €10m strategic investment round led by institutional investors, Velocity Capital Fintech Ventures, and Frumtak Ventures. Other participants in the round include Industrifonden, the UK Government’s Future Fund, and existing customers UniCredit, Swedbank, Groupe BPCE, and Íslandsbanki.
Banking Circle enhances frictionless cross border payments with purpose-built, cloud-based payments platform
Banking Circle, the financial infrastructure provider, today announces that it is now completely cloud-based, with all aspects of its infrastructure hosted within Microsoft Azure. This includes its purpose built, cloud-first, cross border payments platform, which delivers greater speed, enhanced functionality, and a more intuitive user experience to its clients.
Niyo Partners with Equitas Small Finance Bank to Launch NiyoX
- 4 years 5 months ago
- Banking
Niyo, India's premier digital banking fintech, today announced the launch of Niyo X— a state-of-the-art mobile banking solution for millennials — in partnership with Equitas Small Finance Bank and Visa. With this launch, the company aims to on-board 2M customers by calendar year end 2021.
ING to Appoint Andrew Bester as Head of Wholesale Banking and Member of the Management Board Banking
- 4 years 5 months ago
- Banking, People Moves
ING announced today that Andrew Bester will be appointed member of the Management Board Banking and head of Wholesale Banking. Andrew takes up his position on 6 April 2021, succeeding Isabel Fernandez, who stepped down effective 31 December 2020.
METACO Leverages IBM Cloud and Confidential Computing Capabilities to Help Secure its Integrated Digital Asset Management Solution
Today IBM (NYSE: IBM) and METACO, a provider of security-critical infrastructure that helps large banks manage digital assets, announced that METACO will
Yobota Welcomes Ion Fratiloiu as New Head of Sales
- 4 years 5 months ago
- Banking, Cloud, People Moves
Next gen core banking platform Yobota has announced the appointment of Ion Fratiloiu as its new Head of Sales. Ion boasts significant sales experience, having led sales growth for the likes of FTSE500 US fintech organisation Fiserv as part of its expansion into new territories across Eastern Europe.
