Banks will Return to Pre-COVID Performance Levels within Three to Five Years, According to Kearney Analysis
Analysis from global consultancy partnership Kearney has found that the performance of retail banks is likely to return to pre-pandemic levels within three to five years, although profitability will remain under pressure in the next two years.
illimity Presents its First Voluntary Non-financial Statement And Announces That it Already Achieved Carbon Neutrality in 2020
- 3 years 5 months ago
- Banking, Non-Financials
illimity Bank S.p.A. (“illimity” or the “Bank”) presents its first Voluntary Consolidated Non-Financial Statement (NFS) pursuant to the Italian Legislative Decree no. 254/2016 and announces that it already achieved carbon neutrality at a Group level in 2020.
PPS and Talenom Combine Award-Winning Financial and Accounting Solutions for Finland’s SME Market
Brand new partnership will enable financial services to be embedded into Talenom’s emerging SME solution ‘Accounting Alex’ to modernise banking for SMEs PPS, formerly PrePay Solutions and an Edenred company, today announces new partnership with leading Finnish accounting company, Talenom.
Linedata and First Bank Partnership Unlocks New Efficiencies
- 3 years 5 months ago
- Asset Management, Banking, Data
Linedata, a global provider of credit and asset management technology, data and services, today announced First Bank unlocked new efficiencies in its business lending division by fully adopting Linedata’s cloud-based capabilities and streamlined business procedures through Linedata Capitalstream.
BANK OF AFRICA Selects Conpend TRADE AI App, via Finastra, to Digitize Trade Processes
- 3 years 5 months ago
- Banking, IT Innovations, Financial
Finastra has announced BANK OF AFRICA, a pan-African financial group, has selected Conpend’s TRADE AI app from its open innovation platform, FusionFabric.cloud. The app extends the functionality of Finastra’s Fusion Trade Innovation technology and enables users to reduce document and compliance checking time.
Leading South Africa Microfinance Institution, Barko Goes Live on Temenos SaaS in Under 6 Months to Deliver Finance Faster
- 3 years 5 months ago
- Banking
Temenos, the banking software company, today announced that Barko Financial Services (BFS), a leading microfinance institution in South Africa, has gone live on Temenos Software-as-a-Service to make it faster and easier for South Africans to access finance remotely during Covid-19. The Temenos solution combines Temenos Infinity digital banking platform and Temenos Transact next-generation core banking. BFS can now originate loans for customers... more
ikigai Launches Public CrowdCube Campaign to Raise £1.2m and Accelerate Its Growth
- 3 years 5 months ago
- Banking
Maurizio Kaiser, co-founder of ikigai, comments on their Crowdcube launch: “Today we’re announcing our £1.2 million crowdfunding round on Crowdcube. As one of the first UK fintech to integrate wealth management and everyday banking into one app, we have already raised £2m to date via pre-seed investment, with the backing of angel investors. Now with Crowdcube, we’re opening up the chance for our community and peers to join us on this journey... more
Nymbus CUSO Secures Landmark $20 Million Investment by VyStar Credit Union
- 3 years 5 months ago
- Banking
NYMBUS®, a leading provider of banking technology solutions, today announced it has completed a significant financing round to advance the development of its new credit union service organization (CUSO), Nymbus CUSO.
Burrow launches a Digital Mortgage Platform with Client Portal and Retention Marketing solutions for Intermediaries and is piloting with over 30 brokerages.
- 3 years 5 months ago
- Core Banking, SaaS
Burrow has today announced that it is expanding its API-led Digital Mortgage Platform to include 2 powerful modules developed for mortgage brokers - an intuitive Client Portal and smart Retention Marketing.
GoCardless Launches Open Banking Payments, Offering Businesses a New Alternative to Taking One-off Payments
- 3 years 5 months ago
- Open Banking, Payments, Banking
GoCardless, a leading fintech for bank-to-bank payments, has today launched Instant Bank Pay, a new open banking feature directly integrated into its global payment platform. With Instant Bank Pay, merchants can take instant, one-off bank-to-bank payments from new and existing customers while still reaping the benefits of bank debit for their recurring payments.
NCB in Vietnam Implements Compass Plus’ TranzAxis to Future-proof its Business
- 3 years 5 months ago
- Banking
To enable it to keep up with its projected business growth, National Commercial Bank (NCB) in Vietnam has migrated its in-house processing centre to TranzAxis, an open development payments platform, from Compass Plus.
Transfers to Tonik Now Available Via PESONet
- 3 years 5 months ago
- Banking, Online Banking
The Philippines’ first neobank Tonik is ramping up the convenient banking features on its game-changing app through tying up with PESONet to enable safe and secure electronic fund transfers to Tonik account from other banks. The announcement comes on the heels of Tonik’s highly successful public launch in March 2021, which saw it secure over 1 billion pesos (US$20M) in retail deposits in under 1 month - a historical record for any new bank... more
Finzly CEO Booshan Rengachari Named to U.S. Faster Payments Council’s Board Advisory Group
Finzly, a fintech provider of modern banking applications for payments, foreign exchange, trade finance and digital account opening, announced that the company’s CEO and founder, Booshan Rengachari, has been named a new member of the U.S. Faster Payments Council’s Board Advisory Group.
Raiffeisenbank Russia has Deployed AI Smart Engines ID Scanning Technologies for Customer Onboarding
- 3 years 5 months ago
- Artificial Intelligence, Banking
Raiffeisenbank Russia has integrated Smart Engines software for automatic passport recognition. Opening an account in bank branches with Smart ID Engine is now more comfortable with highly precise and fast data extraction. The technical solution based on Smart ID Engine works on-premise, which guarantees personal data security and privacy.
SME Leaders Hopeful of Making Up Lost Revenue Caused by Covid-19 Within a Year
- 3 years 5 months ago
- Banking
SME leaders believe it will take on average 12 months for their businesses to make up for lost revenue caused by the COVID-19 pandemic, according to research revealed today by Nucleus Commercial Finance. Over half a million SMEs (590,000) say it will take between 10-12 months to make up the lost revenue caused by Covid-19 and 1.6 million say between 10 months and two years.1