Commenting on UK GDP and an Encouraging Economic Outlook
- 2 years 8 months ago
- Banking
Commenting on UK GDP showing a positive uptick and an encouraging economic outlook, Douglas Grant, Director of Conister, part of AIM listed Manx Financial Group, said: "Today’s UK GDP data shows a positive uptick quarter on quarter and provides a more encouraging outlook for the UK economy going forward. However, the plight of UK small businesses and current default levels caused by the ongoing impact of the pandemic should be of real concern.
1 in 4 Customers likely to Switch Banks due to ESG Issues
- 2 years 8 months ago
- Banking
44% of European customers rate environmental and social issues as ‘very important’ when choosing a bank 18-24-year-olds are almost twice as likely to switch banks compared to those aged 55 and over
Women have Bigger Portfolios: How Young Russians are Investing
- 2 years 8 months ago
- Banking
August 12 is International Youth Day, a date designated by the United Nations General Assembly in 1999 to recall the role played by young people in development and peacebuilding. Sber timed its research on the investment habits of young people to coincide with this date.
Estonia’s LHV Bank Extends Partnership with Nets and Adds Issuing Services to UK Subsidiary
- 2 years 8 months ago
- Banking
LHV Bank and European payment services provider Nets have extended their long-term partnership in Estonia, while adding new issuing services for LHV’s British subsidiary, LHV UK Limited.
Vemanti Group Signs MOU with PVcomBank to Bring Banking Services to the Underserved
- 2 years 8 months ago
- Banking
Vemanti Group, Inc. announced today that it has signed a Fintech and Banking-as-a-Service (“BaaS”) business cooperation Memorandum of Understanding (“MOU”) with Vietnam Public Joint Stock Commercial Bank (“PVcomBank”) to jointly develop financial products and banking solutions for the underserved consumers and small businesses in Vietnam.
FirstBank Expands Partnership with Jack Henry to Digitize Lending
- 2 years 8 months ago
- Banking
Rapidly growing bank modernizes commercial lending, extending digital-first approach
Klarna Launches Eperiential Consumer Activation in Manchester to Educate Consumers on UK Social Media Advertising Guidelines
Launch aims to raise awareness amongst influencers and consumers on advertising rules as Klarna data uncovers that 46%* of consumers don’t know that #ad means that an influencer has been paid to promote a product or service
Timo, Vietnam’s Digital Banking Pioneer, Partners with Mambu to Expand Services
Timo, Vietnam’s first digital bank, has announced it is partnering with SaaS banking platform Mambu to leverage the benefits of a cloud native core banking platform to significantly scale its business.
Research Shows Canadians Interested in Receiving Embedded Insurance Offers From Banks
A recent survey sought to understand how customers of banks, digital banks, and other fintech apps would react to embedded insurance offers based on real-time transaction data.
Backbase-powered Platform Provides Strong Digital Foundations For Pbb’s New Client Portal
- 2 years 8 months ago
- Banking
Real estate lender’ new client portal demonstrates flexibility, adaptability and innovation of Backbase’s solutions Backbase has supported real estate financing leader pbb Deutsche Pfandbriefbank (pbb) to introduce its new client portal which is powered by the digital banking technology provider’s Engagement Banking platform. With the help of the Backbase platform, pbb has been able to further digitize its processes, create new efficiencies and... more
Objectway Acquires Leading German Core Banking Software Specialist Die Software Peter Fitzon
- 2 years 8 months ago
- Banking
Objectway, Global Top 100 fintech leader in the Digital Wealth and Asset Management software, announced today the acquisition of Die Software Peter Fitzon GmbH (DSW), a primary German provider of Core Banking solutions.
Kroo Secures £17.7M in Series A Fuding to Build a Social, Sustainable Bank
- 2 years 8 months ago
- Fundraising News, Banking
· UK fintech Kroo has raised £17.7m from lead investor Rudy Karsan and others in a Series A funding round · Kroo is building a truly social bank that helps users reduce anxiety around finances and champion social causes and was named Best Newcomer in the 2021 British Bank Awards · Kroo will use the funding to support its mobilisation phase, grow its team and secure a full banking license.
Tap Into your Liquid Gold Reserves at Mulberry Bank Auctions
- 2 years 8 months ago
- Banking
Scotch Whisky Cask Auctions achieve record prices! There are many fortunate souls among us who have purchased or inherited casks of whisky, had them stored in dusty warehouses for years, and then find ourselves with the quandary of what to do with them. Often, we haven’t paid huge amounts for the cask in the first place, buying them before the whisky boom of the last decade, but are aware that whisky has in many circumstances become more... more
Atom Bank Reaches Key Income and Trading Milestones in Q1 2022
- 2 years 8 months ago
- Trading Systems, Banking
Atom bank, the Durham based Fintech, has made significant progress in the first quarter of its 2022 financial year passing several important income milestones. The Q1 results vindicate Atom’s business model and support a strong trajectory towards sustainable profitability. During the 3 months April to June 2021, Atom reached £3bn of mortgage completions, passed £1bn of deposits into its Instant Saver product, grew total customer deposits 16% to... more
Two Thirds of SME Leaders Anticipate Never Repaying Government Covid Support Loans
- 2 years 8 months ago
- Alternative Finance
Nearly one in 10 (9%) have defaulted on Covid loans before starting repayments Two thirds (66%) of SME leaders who received financial support from the Government’s Covid loan schemes say it’s likely their business will default on the loan, according to new research1 from Nucleus Commercial Finance. This equates to 2.3 million SMEs who anticipate never repaying their loan.2
