CLS Adds Three Clients to its Cross Currency Swaps Service
- 8 months 2 weeks ago
- Banking
CLS, a market infrastructure group delivering settlement, processing and data solutions, today announces that three settlement members, including Barclays Bank and Danske Bank, have enrolled in its cross currency swaps (CCS) settlement service. They are joining a growing community of settlement members on the service, including some of the world’s largest banks. The service has witnessed continued growth in recent months, with a 38% year-on-year... more
ila Bank’s ‘alburaq' Offers a New Islamic Banking Experience in Bahrain
- 8 months 2 weeks ago
- Islamic Finance
Bank ABC’s commitment to digital disruption remains resolute, as its retail arm ila Bank successfully launched Bahrain’s exclusively digital, Shari’a-compliant banking offering for individual customers - ‘alburaq.’ Introduced in May 2023, this new Islamic banking experience from ila Bank brings customers a host of intuitive Shari’a compliant banking products and services at their fingertips through ila’s multi-faceted, state-of-the-art mobile... more
Adyen Granted UK Banking Authorisation
- 8 months 2 weeks ago
- Banking
Adyen, the global financial technology platform of choice for leading businesses, today announced that its UK branch has been granted authorisation as a UK bank. This is granted by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) under Part 4A of FSMA 2000.
nCino’s Cloud Banking Platform Streamlines Dodd-Frank 1071 Compliance Support for Financial Institutions
- 8 months 2 weeks ago
- Online Banking
nCino, Inc., a pioneer in cloud banking for the global financial services industry, today announced enhancements to its Small Business Banking Solution.
Saxo Bank Completes Sale of Fintech Joint Venture to Geely Group
- 8 months 2 weeks ago
- Banking
Saxo Bank is pleased to announce the successful completion of its transaction involving the sale of Saxo Geely Tech Holding A/S (Saxo Fintech) to Geely Financials Denmark. All relevant agreements have been duly signed, formalising the closing of this transaction. As part of this transaction, Saxo Bank receives its own shares in return - equivalent to approximately 2% of the outstanding Saxo Bank shares.
Weavr’s Whitepaper Highlights Huge Appetite for Embedded Finance Amongst UK Banks
- 8 months 2 weeks ago
- Alternative Finance
Drawing insights from independent research, including a survey of 250 executives and managers from UK banks or financial firms, Weavr’s whitepaper provides a comprehensive look at current attitudes towards, and actions to develop, embedded-finance offerings by UK financial institutions. Amongst the key findings, the research found:
NORD/LB Leverages Continuous Integration for Latest MX.3 Upgrade
- 8 months 2 weeks ago
- Banking
NORD/LB Norddeutsche Landesbank, a leading renewable energy financier, has gone live on a new version of the MX.3 platform using Murex continuous integration solutions and services. NORD/LB capital markets activity relies on the MX.3 platform for front office, enterprise risk management—limit control, credit risk and stress testing—and back office, including collateral and accounting.
Increased Accessibility is the Biggest Driver for European Consumers Using Embedded Financial Services
- 8 months 2 weeks ago
- Alternative Finance
Easier access to financial services in comparison to traditional banks is a key reason for 41% of consumers turn to embedded financial services, according to a new study by Solaris and Roland Berger. The ‘Disrupting the value chain for financial services - How to drive revenue growth with embedded finance’ study composed the views of 1600 consumers equally split across the four major European markets: Germany, Italy, Spain and France.
DKK Partners Gains CONSUMAF Licence to Accelerate Commitment to African Expansion
- 8 months 2 weeks ago
- Alternative Finance
DKK Partners, a leading FinTech company which specialises in emerging markets (EM) and foreign exchange (FX) liquidity, has gained the CONSUMAF licence to accelerate its financial services operations in Africa. COSUMAF is the supervisory and control authority for the Central African Economic and Monetary Community (CEMAC) financial market, which aims to support the deepening and broadening of the region’s financial markets safely.
High Street Banks Slash Funding for SMEs, Says Iwoca
- 8 months 3 weeks ago
- Banking
Small and medium-sized enterprises (SMEs) are finding it increasingly hard to access funding from high street banks, new data out today reveals. According to data from fintech firm iwoca, 84 per cent of finance brokers said high street banks were increasingly reluctant to lend to SMEs. This was seven percentage points more than the quarter before.
Providence Federal Credit Union Partners with Mahalo Banking to Enhance Online, Mobile Banking Experiences
- 8 months 3 weeks ago
- Mobile Banking
Milwaukie, Or.-based Providence Federal Credit Union (‘Providence FCU’ – $182M in assets) has partnered with Mahalo Banking, a premier online and mobile banking solution provider specifically designed for credit unions. Mahalo’s member-centric design, enhanced security functionality and forward-thinking innovation continue to propel credit union interest.
Revolutionizing Business Banking: Introducing SprintNXT by PaySprint
- 8 months 3 weeks ago
- Banking
PaySprint Private Limited is proud to unveil SprintNXT, an innovative leap in business banking solutions designed to propel SME / MSME businesses into the future of finance. SprintNXT is not just another banking platform; it's a strategic partner for modern enterprises, paving the way for uncomplicated financial management, enhanced security, and optimal resource allocation.
Islamic Microfinance Industry Surpasses $60 Billion, Paving the Way for Poverty Alleviation: Zubair Mughal
- 8 months 3 weeks ago
- Islamic Finance
The global Islamic microfinance industry has reached a significant milestone, surpassing $60 billion in value within the $3.8 trillion Islamic finance landscape. This achievement highlights the growing recognition of Islamic microfinance as a potent tool for poverty alleviation. The industry's potential to bridge financial gaps while adhering to Shariah principles positions it as a viable alternative for fostering financial inclusion and... more
Banking Circle Joins Forces with FIFA Clearing House
- 8 months 3 weeks ago
- Banking
Banking Circle, the tech-led payments bank, has joined forces with the FIFA Clearing House (FCH) to process and streamline the payment of training rewards (solidarity mechanism and training compensation) corresponding to international player transfers in an efficient and secure manner, in line with the mission of th
LHV Bank Completes Business Transfer and Strengthens its BaaS Offering
- 8 months 4 weeks ago
- Banking
LHV Bank, the UK's newest licensed bank, has finalised the business transfer from its Estonian affiliate, AS LHV Pank’s UK branch, to its newly licensed entity. This transition, affecting LHV Bank’s Banking Services clients in the UK, follows LHV Bank receiving its banking licence this May and the subsequent approval from the UK High Court to transfer the business.
