Comment: March GDP - Fastest Monthly Growth Since August 2020
GDP rising 2.1% in March, the fastest monthly growth since August 2020, Douglas Grant, Director of Conister, part of AIM listed Manx Financial Group, said: “The estimated rise in UK GDP for March is positive, falling in line with what we’d expect as restrictions are lifted and the economy reopens. However, we must remember that the UK’s SME debt burden is ballooning, and we are in serious danger of seeing a relentless flow of weak zombie-like... more
HPD LENDSCAPE Deepens Commitment to Italian Market by Becoming Official Member of Assifact, the Italian Factoring Association
HPD Lendscape, a leading international secured-lending platform vendor, today announces that it has become an official member of Assifact, the Italian Factoring Association. The announcement comes at a time when HPD Lendscape is particularly focused on serving the Southern European market, having recently also become an official member of The Spanish Association of Factoring.
Commerzbank with Strong Results in the First Quarter – Transformation Successfully Started
- 2 years 11 months ago
- Banking
Commerzbank made a very good start into the current year and generated a positive net result in the first quarter despite the ongoing pandemic and restructuring charges. Net commission income increased strongly thanks to a flourishing securities business. This enabled the Bank to largely compensate the impact from the negative interest-rate environment and the ongoing lower consumption resulting from coronavirus restrictions. In conjunction with... more
Generali Greece Accelerates Life Insurance Signing Process with OneSpan Sign
- 2 years 11 months ago
- Transaction Banking, Banking, Security
OneSpan™, the global leader in securing remote banking transactions, today announced that Generali Hellas has implemented OneSpan Sign electronic signatures to meet regulatory compliance requirements and help speed up its end-to-end signing process for life insurance policies.
Vericast Introduces Unique Solution Connecting Consumers with Banking Products
- 2 years 11 months ago
- Banking
Vericast, a leading marketing solutions company, together with its
4 Unique Startup Financing Strategies
- 2 years 11 months ago
- Banking
Millions of startups are launched every year, but only a fraction of those enterprises are ever successful. The primary factor in these failures is the lack of proper funding. You may have a winning idea for a business, but if you don’t have the money to build capital that will get your company going, you may find yourself quickly out of business.
LIBF Offering Scholarships to Fintech Women
- 2 years 11 months ago
- Banking
The London Institute of Banking & Finance (LIBF), in partnership with Fintech Diversity Radar, is offering five scholarships to promote gender diversity in fintech and digital banking. Scholarships to study on LIBF’s next Certified Fintech Practitioner (CFP) course will be offered to five women already working in fintech, digital banking or the wider financial services sector. Available as a fee waiver for the course, each scholarship is... more
Nationwide Partners with Form3 to Underpin Future Payments Strategy
Nationwide, the world’s largest building society, has partnered with leading technology provider Form3 and will be connecting to their cloud-native payments platform to simplify and reinforce the Society’s payments infrastructure. In August 2020, Nationwide was one of the first financial services providers in the UK to invest in Form3 via its Ventures Fund, recognising the potential of their platform. Now the organisation will become one of the... more
Commerzbank Streamlines Capital Markets Business
- 2 years 11 months ago
- Banking
Commerzbank will be cooperating with the Franco-German financial services group ODDO BHF in the area of equities. As part of its Strategy 2024, Commerzbank has announced that it will be reviewing the possibility of cooperation with potential partners for the areas of equity trading and equity research. The aim is to become more efficient and to offer Corporate Clients an even better platform for placement of their shares. “This cooperation means... more
Banking Circle Joins P27 Initiative as a Front-runner Bank to Support Consolidation of Currently Fragmented Nordics Payments Ecosystem
- 2 years 11 months ago
- Banking
Global financial infrastructure provider, Banking Circle, has joined the P27 Nordic payment initiative as a front-runner bank in creating bulk-clearing for the Danish Krone, underlining its commitment to building a global payments infrastructure. P27 has been acknowledged as a vital initiative to address the disparate clearing systems currently operating across the Nordic region. Banking Circle sees its membership of P27 as a crucial piece in... more
Spectrum Markets Launches SERIXTM Investor Sentiment Indicator
Spectrum Markets, the pan-European trading venue for securitised derivatives, announced that 54.4 million securitised derivatives were traded on its exchange in April, with 36% of trades happening outside of traditional hours (i.e. between 17:30 and 9:00 CET). 82.9% of all securitised derivatives traded was on indices, 11.8% on currency pairs and 5.3% on commodities. The top three traded underlying markets were DAX (23.1%), OMX 30 (23%) and S... more
illimity Q1 +180% and €12.6m Net Profit
- 2 years 11 months ago
- Banking
Chaired by Rosalba Casiraghi, the Board of Directors of illimity Bank S.p.A. (“illimity” or the “Bank”) yesterday approved the illimity Group’s results at 31 March 2021.
Digital Banking Provider Ohpen Announces Global Partnership with Aspire Systems
- 2 years 11 months ago
- Banking, Core Banking, Cloud
Today, Ohpen, the digital banking company, announces it has partnered with global technology services firm, Aspire Systems, to allow its clients to benefit from Aspire’s implementation services. This move gives Ohpen the freedom to innovate with clients, whilst continuing to provide high-quality implementation services. This partnership begins with a focus on the UK market, followed by a gradual global expansion.
South Africa’s Largest Fund Administrator Goes Live with Temenos
- 2 years 11 months ago
- Investment, Banking, Core Banking
Temenos (SIX: TEMN), the banking software company, today announced that Curo Fund Services, South Africa’s largest third-party administrator, has gone live with Temenos Multifonds Global Accounting platform, completing the first phase migration of funds from its five legacy systems to a single instance of Temenos’ award-winning funds administration platform.
Amidst Pandemic, PayNearby Aadhaar ATMs See a Surge in Withdrawals and Crosses Rs. 40,000 Cr in FY 20-21
- 2 years 11 months ago
- Payments, Banking, Financial, Non-Financials
PayNearby, India’s leading branchless banking and digital payments network today announced that it has recorded Gross Transaction Value (GTV) worth Rs. 54,000 Crores in FY 20-21, with an exit month GTV 32% higher than the average monthly GTV booked in FY 19-20. The company generated ~Rs. 290 Crores of revenue for its retail partners and about ~Rs. 40 Crores of fee for its banking partners in the same financial year.
