Live Oak Bank’s Vision to Change the Infrastructure of Banking Begins with Successful Conversion to Finxact Core
- 2 years 7 months ago
- Banking, Infrastructure
Live Oak Bancshares (Live Oak) announced today it successfully converted Live Oak Bank deposit customers from its legacy core system to the Finxact cloud-based core. The conversion of more than 60,000 customer accounts, the largest conversion Finxact has made to date, is a major milestone in converting all Live Oak Bank customers to Finxact’s leading core as a service platform, giving Live Oak Bank an unencumbered banking foundation that allows... more
Allica Bank Extends owner-occupied Commercial Mortgage Offer and Launches Into Scotland
- 2 years 7 months ago
- Banking
Allica Bank has reaffirmed its drive to help brokers and businesses access finance by extending its offer to provide qualifying commercial owner-occupied mortgages at a reduced interest margin of 3.5% into Q4. In light of overwhelming broker demand, the bank has also launched its commercial mortgage offering into Scotland. Allica believes the popularity of the promotion in England and Wales could be the perfect way to introduce its commercial... more
PPRO Integrates Jenius Pay, Linkaja in Push into Indonesia’s Payments Battleground
- 2 years 7 months ago
- Payments, Banking, Infrastructure
Popular payment methods join other Indonesian market-leaders on PPRO’s platform including DOKU and OVO
Trade Ledger Supercharges Business Loan Approval Speeds, Delivering 90% Reduction in ‘time to yes’ in ScotPac Asset Finance Pilot
- 2 years 7 months ago
- Banking
Real-time platform delivers quick approval turnaround, reducing decision times from days to hours Fully digital experience transforms SME business funding for businesses and their advisors 300% growth in asset finance business volume achieved since implementation Lending-as a-service platform helps firm ScotPac’s position as one of few Australian and New Zealand business financiers able to quickly finalise funding for simple and complex deals
JCB certifies Epic Lanka as the first South Asian ACS Operator in J/Secure(TM) 2.0 TPP Certification
- 2 years 7 months ago
- Payments, Banking, IT Innovations, Technical
JCB Co., Ltd. (JCB), a leading global payment scheme, and EPIC LANKA (PRIVATE) LIMITED (Epic Lanka), a leading Sri Lankan IT conglomerate, are pleased to announce that JCB has granted the J/Secure(TM) 2.0 Third Party Provider (TPP) Certification to Epic Lanka as the ACS Operator for its service with EPIC ACS.
Franx Chooses Five Degrees' Core Banking Platform °neo to Support Global Trading Platform
- 2 years 7 months ago
- Trading Systems, Transaction Banking, Core Banking
Franx, the global trading platform initiative of ABN AMRO, migrates to °neo. Aiming at maximum convenience for their clients to support their international businesses, the core technology will be provided by Five Degrees from the Microsoft Azure cloud.
Spectrum Markets Introduces Turbo Certificates on Selected Equities
- 2 years 7 months ago
- E-Commerce, Trading Systems, Banking, IT Innovations
70 underlying stocks with large turnover volume Most represented sectors are IT, Banking and Commerce Leverage enables participation even in high-priced stocks
Railsbank Makes Senior Appointment: Stuart Gregory joins as Chief Product Officer from Wise
- 2 years 7 months ago
- Banking, People Moves
Railsbank, the leading global Embedded Finance platform, has appointed Stuart Gregory as Chief Product Officer. He joins the Railsbank ExCo to lead product, engineering and partnerships, as Railsbank continues to rapidly scale.
QakBot Banking Malware Is on the Rise: Number of Attacked Users Grew 65% in 2021
- 2 years 7 months ago
- Banking, Security, Cybersecurity
The number of users attacked with QakBot – a powerful banking Trojan, in the first seven months of 2021 grew by 65% in comparison to the same period in 2020 and reached 17,316 users worldwide, demonstrating that this threat is increasingly affecting internet users. This rise has drawn the attention of Kaspersky researchers to the subject, leading them to review updates to the latest version of this Trojan.
Music with 25% Cashback: Spotify and Tinkoff Partner in Russia
- 2 years 7 months ago
- E-Commerce, Payments, Banking
Spotify has become Tinkoff’s partner in Russia. Now Tinkoff ecosystem customers can subscribe to and set up automatic payments for the music service via the Tinkoff super app or at Tinkoff.ru. Tinkoff will be offering up to 25% cashback on each payment for a Spotify subscription. Everyone who registers for Spotify Premium before 31 December 2021 will receive a free three-month trial. After that, the subscription will be RUB 169 a month.
Sber and Russian Fishery Company Sign Cooperation Agreement
- 2 years 7 months ago
- Banking
During the Eastern Economic Forum Sber and Russian Fishery Company (RFC) signed a letter of intent to finance the construction of four large freezing fish trawlers in the amount of USD 400 million. The document was signed by First Deputy Chairman of the Executive Board of SberBank Alexander Vedyakhin and Chairman of the Board of directors of Russian Fishery Company Gleb Frank.
Two Thirds of Businesses Feel ‘let Down’ by Their Banking Provider During Covid-19 Crisis
Over two thirds (66 per cent) of small and medium sized enterprises (SMEs) have said they felt let down by their banking provider during the Coronavirus pandemic, according to a new survey. The data, collated by researchers from the Parliament Street Think Tank, indicates that the disconnect between businesses across Europe and financial services organisations has widened since the beginning of the pandemic.
nCino Announces Executive Leadership Team Promotions to Further Global Growth Initiatives
- 2 years 7 months ago
- Banking
Josh Glover named President & Chief Revenue Officer Greg Orenstein named Chief Corporate Development & Strategy Officer Trisha Price named Chief Innovation Officer Josh Marcy named Executive Vice President, Product Management Dory Weiss named Executive Vice President, Engineering April Rieger named Executive Vice President, General Counsel & Secretary
Wells Fargo Selects nCino to Enhance Commercial Banking Lending
Financial services leader with approximately $1.9 trillion in assets will implement the nCino Bank Operating System® to digitally streamline operations
