Lloyds Bank Partners With Visa To Improve Payment Processes For Businesses
- 2 years 8 months ago
- Banking
Lloyds Bank has become the first bank in Europe to partner with Visa to offer Straight Through Processing (STP) technology to customers using its commercial charge cards. Straight-Through Processing (STP) enables a more efficient way to pay invoices while providing the traditional benefits of commercial card payments to both the buyer and the supplier.
NatWest Launches Expert in Residence SME Programme
- 2 years 8 months ago
- Banking, Consultancy
Bank introduces female entrepreneur focussed specialists based in communities, in partnership with BEIS and LEP Network 28 Local Enterprise managers around the UK have committed support to Local Enterprise Partnerships
Deko Expands Multi-lender Retail Finance Ecosystem With Newpay
- 2 years 8 months ago
- Alternative Finance
Powered by leading UK credit provider NewDay, Newpay is the latest product to join Deko’s multi-lender and multi-product platform Newpay seamlessly integrates into the merchant checkout experience, offering access to a range of finance options.
More Than Half of Millennial and Gen Z Muslims Would Adopt Islamic Banking If It Were More Accessible
- 2 years 8 months ago
- Banking, Islamic Finance
According to a new report, social responsibility and ethical practices among top priorities for next generation of Islamic banking customers but a lack of digital services is holding the industry back
https://financialit.net/events/virtual-gathering-global-ai-leaders-explore-menas-untapped-opportunities-ai-and-rpa
- 2 years 8 months ago
- APIs, Credit Cards, Banking
Southern California Credit Union brings sleek, fast digital banking services to the Westwood collegiate community leveraging Temenos’ API-first digital banking platform Temenos, the banking software company, today announced that Wescom Credit Union has launched two credit cards for a local university in Westwood, CA powered by Temenos Infinity the leading digital banking platform.
NCR Signs Definitive Agreement to Acquire Cryptocurrency Leader LibertyX
- 2 years 8 months ago
- Trading Systems, Cryptocurrencies, Banking
NCR to provide complete digital currency solution for Banks, Retailers and Restaurants NCR Corporation, a leading enterprise technology provider, today announced a definitive agreement to acquire LibertyX, a leading cryptocurrency software provider.
HSBC Profits More Than Double as Spectre of Dad Debt Recedes
- 2 years 8 months ago
- Investment, Banking
Susannah Streeter, senior investment and markets analyst, Hargreaves Lansdown: ‘’The banking bounce back has continued with HSBC doubling first half pre-tax profits as economies come out of their defensive hiding places, and the spectre of bad debt recedes. Pre-tax profit for the period rose to $10.8bn, compared to $4.32bn for the same time last year.
World Finance names ICS Financial Systems as Best Islamic Banking & Finance Software Provider for the Second Consecutive Year at Islamic Finance Awards
- 2 years 8 months ago
- Banking, Islamic Finance, Online Banking
The latest edition of World Finance magazine is out now and has confirmed ICS Financial Systems (ICSFS) as Best Islamic Banking & Finance Software Provider as part of its 2021 Islamic Finance Awards.
Commerzbank Demonstrates Resilience in EBA Stress Test
- 2 years 8 months ago
- Banking
● Stress effect of 502 basis points during adverse scenario
EBA Stress Test Confirms Nordea’s Resilient Capital Position
- 2 years 8 months ago
- Banking
On 30 July 2021 the European Banking Authority (EBA) published the results of the EU-wide stress test conducted in cooperation with the European Systemic Risk Board (ESRB), the European Central Bank (ECB) and the European Commission (EC). The forward-looking analysis covers the period 2021-23 and considers the resilience of financial institutions to adverse economic shocks.
EBA Reports on Outcome of 2021 EU-wide Stress Test
- 2 years 8 months ago
- Banking
ING Group was subject to the 2021 EU-wide stress test conducted by the European Banking Authority (EBA), in cooperation with the European Central Bank (ECB), the European Systemic Risk Board (ESRB) and De Nederlandsche Bank. ING Group notes the announcements made today by the EBA on the stress test and fully acknowledges the outcomes of this exercise.
Banking Competition Remedies Ltd (BCR) Publishes Progress Updates on Public Commitments from Pool E Capability and Innovation Fund Recipients
- 2 years 9 months ago
- Banking
The Board of Banking Competition Remedies Ltd (BCR) today publishes progress updates for Pool E recipients, providing a summary of performance against their public commitments to the period 31st May 2021.
Joanna Koskinen Appointed New Employee Representative of the Board of Directors of Nordea Bank Abp
- 2 years 9 months ago
- Banking, People Moves
Kari Ahola, an ordinary member of the Board of Directors of Nordea Bank Abp appointed by the employees of the Nordea Group, will resign from the Board on 31 July 2021. The employees of the Nordea Group have appointed Joanna Koskinen as an ordinary member of the Board of Directors as of 1 August 2021 until the end of the next Annual General Meeting.
Allica Bank Loan Enables £900K Site Purchase for My Car Import
A six-figure commercial mortgage from Allica Bank has supported the UK’s leading vehicle importing company in acquiring a new £900,000 operating site to satisfy the increasing demand for its services.
New Research Reveals 71% of Digital Bank Customers, 64% of Traditional Bank Customers and 73% of Fintech App Customers In the United Kingdom Want Embedded Insurance Offers Based on Transaction Data
A recent survey of 527 bank customers in the United Kingdom from Momentive.ai (the research company of SurveyMonkey), commissioned by Cover Genius, sought to understand how customers of banks, neobanks and other fintech apps would react to embedded insurance offers based on real time transaction data. It asked the following:
