Coronavirus Large Business Interruption Loan Scheme to Open on Monday

The Chancellor of the Exchequer today announced details of the Coronavirus Large Business Interruption Loan Scheme (CLBILS). Delivered by lenders accredited by the British Business Bank, the new scheme provides finance to mid-sized and larger UK businesses with turnover above £45m (the upper limit for the existing smaller-business focused CBILS). Read more »

ADIB is the first Islamic Bank to use Blockchain technology for trade distribution

Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has become the first Islamic bank to successfully execute trade finance distribution transactions using Blockchain technology. The cross-border transactions, which were completed with multiple based banks, were made possible through ADIB's partnership with TradeAssets, a trade finance e-marketplace powered by Blockchain technology to help digitize the traditional processes... more Read more »

Funding Circle Accredited Under the Coronavirus Business Interruption Loan Scheme

Funding Circle, the small business loans platform, has today been approved for accreditation by the British Business Bank under the Coronavirus Business Interruption Loan Scheme (CBILS), term loan variant. Funding Circle expects to open CBILS applications within the next week once it has completed the required legal and operational approvals with the Bank. Read more »

Sopra Banking Software Releases Cassiopae V4.7 as Scheduled

Sopra Banking Software released on March 31 Cassiopae V4.7, a leasing and lending application, which is part of the company’s Sopra Financing Platform. The company met the ambitious release date announced ten months ago. The new release, Cassiopae V4.7, includes an enhanced digital portal for dealers and merchants, credit card processing via electronic payment partners, revolving credit for individuals, and improvements in the management of real... more Read more »

Santander launches PagoFX in the UK to offer fast, secure and low-cost international transfers with no fees for two months

Banco Santander today announced the launch of PagoFX, a low-cost international money transfer service, in the UK. This new service, available via a mobile app, allows UK residents with a debit card issued by any UK bank or financial entity to seamlessly and quickly send money abroad from their smartphone with low costs, bank-level security and customer support via in-app chat, web and e-mail. In light of the ongoing coronavirus pandemic,PagoFX... more Read more »

Auriga acquires the award-winning ATM cybersecurity solution Lookwise Device Manager from leading managed security services provider S21sec

Auriga, a leading supplier of technological solutions for the omnichannel banking and payments industries, announces the acquisition of Lookwise Device Manager (LDM), a modular security platform and cybersecurity business unit from S21sec, a leading European managed security services player. S21sec is part of Sonae IM’s portfolio, a corporate venture capital firm investing in cybersecurity, retail and telecommunications technology companies. Read more »

Appian helps banks automate lending for UK COVID crisis

Appian today announced an application built on its Low-Code Automation Platform to support accredited lenders across the UK to manage the Coronavirus Business Interruption Loan Scheme (CBILS) applications from businesses, as well as the anticipated Coronavirus Large Business Interruption Loan Scheme (CLBILS). The new loan application can automate and check eligibility, process and verify required supporting documents, and make lending decisions... more Read more »

Allica Bank launches a (1.49%) 12-month fixed term deposit account for retail savers

Allica Bank – the business bank that seeks to empower small and medium sized businesses – has today announced the launch of its first deposit account, for retail savers. The FSCS protected accounts will offer a 1.49% rate of interest, fixed for 12 months. Accounts can be opened online and managed through the bank’s internet banking platform and secure messaging service. Read more »

Hong Kong’s First Virtual Bank Selects Wolters Kluwer’s OneSumX for Regulatory Reporting

ZA Bank, the first virtual bank in Hong Kong, has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting as its regulatory reporting software. OneSumX for Regulatory Reporting combines bank data into a single source of data to ensure consistency, reconciliation and accuracy and includes Wolters Kluwer’s Regulatory Update Service. This unique service is maintained by Wolters Kluwer experts who actively monitor regulation in 30 countries. Read more »

Meniga continues successful collaboration with UniCredit to launch enhanced version of the Smart Banking app in the Czech Republic

Meniga (, a leading provider of digital banking technology, has partnered with global banking and financial services company, UniCredit, to launch an enhanced version of the popular Smart Banking app in the Czech Republic. The development of the new Smart Banking app follows Meniga’s and UniCredit’s collaboration on the successful launch of the Mbanking app, in Serbia in 2019. Read more »

Backbase and Codat partner to help small businesses manage their cash-flow

Backbase, the omni-channel Digital Banking platform, has partnered with Codat, the SME financial data exchange provider,  to provide FI’s with easy connectivity to the world’s leading accounting platforms. As a result, Backbase commercial banking clients can deliver a faster, more convenient experience to SMEs by tightly integrating bank products with the financial applications SMEs use to run their business. Read more »

Tide and Hokodo introduce Invoice Protection to support SMEs during Coronavirus crisis

Tide, the UK’s leading business banking platform[1], has launched a new Invoice Protection product in partnership with insurance solutions provider, Hokodo, to help micro, small and medium-sized businesses protect their cash flow against the late and non-payment of invoices. Read more »

TietoEVRY integration progressing as planned – employee consultations initiated to drive merger-related efficiencies

TietoEVRY is taking the next step in the integration to ensure its position as the leading digital services and software company in the Nordics. A unified organization has now been established and the next step involves the drive for merger-related efficiencies. Consultation processes to ensure optimized operations and reduce overlaps have been initiated. Read more »

Temenos helps US banks and credit unions to respond rapidly to surging demand for emergency loans for small businesses during Covid-19

 Temenos (SIX: TEMN), the banking software company, announced today that its Temenos Infinity digital omnichannel product is enabling US banks and credit unions to accelerate loan applications to small businesses under the U.S. Small Business Administration (SBA) Paycheck Protection Program ( PPP).  Read more »

Ethoca to Bring Digital Receipts to Consumers through Collaboration with Microsoft

Ethoca, a Mastercard company, today announced an expansion of its collaboration with Microsoft that will bring Microsoft customers simple access to their digital purchase receipts through their banks’ mobile applications, enabled with Ethoca’s Digital Receipts service. Read more »


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