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.
Tonik Raises US$17M in Pre-Series B Funding
- 2 years 11 months ago
- Payments, Banking, Online Banking
Tonik, the first neobank in the Philippines, announced today that it raised US$17M in Pre-Series B funding. The round 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 launching in the Philippines.
Commerzbank Research Economic Outlook: Finally More Growth in Germany and the Eurozone
- 2 years 11 months ago
- Banking
Economists at Commerzbank have raised their 2021 growth forecast for Germany from 3.5% to 4.0%. They expect a strong economic recovery more than ever. “The peak of the pandemic seems to be behind us. More and more counties are loosening restrictions. The rapid pace of vaccinations indicates this as well”, said Chief Economist Dr Jörg Krämer. That means public life in Germany will gradually return to normal.
Deeper Partnerships Between Banks and Fintechs will Transform Personal Finance According to new Monevo Report
- 2 years 11 months ago
- Banking, Infrastructure
Monevo, the market leading personal credit platform & API, has released an independent report on UK Banks and Fintechs setting out the business case for developing closer partnerships and defining exactly how customers are set to benefit.
Gresham Adds to North America Sales Team to Meet Growing Demand
- 2 years 11 months ago
- Management, Payments, Banking, Data
Leading global fintech Gresham Technologies plc (Gresham) that specialises in providing solutions for data integrity and control, banking integration, and payments and cash management, today announced that it has appointed Marc Cavell to spearhead business development across North America.
1.4 Million SME Leaders Unaware of How New Government Support Measures Could Help Their Business
- 2 years 11 months ago
- Banking, Core Banking, Financial
As SMEs prepare for the next easing of lockdown restrictions, business owners across the country are still looking to the government for further support. However new research from Nucleus Commercial Finance today reveals business owners are lacking awareness and understanding of the government support schemes on offer.
Commerzbank and Employee Representatives Agree on Headcount Reduction
- 2 years 12 months ago
- Banking
Commerzbank and the employee representatives have today agreed on a framework settlement of interests and a framework social plan for AG Germany. The binding agreements form the platform for a maximally socially responsible headcount reduction within the framework of the “Strategy 2024” adopted in February. The Bank intends to implement the headcount reduction primarily through retirement arrangements, such as partial retirement or early... more
Mastercard Start Path Program Selects Tippy to Grow Fintech Solution for Service Industry Professionals
Tippy, the revolutionary digital tipping platform, today announced it has been selected to join Mastercard Start Path, an award-winning program for fintech innovators. Annually, Mastercard evaluates nearly 1,500 startups for possible participation in Start Path. Less than 2% of applications are accepted into the highly competitive six-month accelerator program.
YTS Utilises AWS to Help Future-Proof Data Security in Open Banking
- 2 years 12 months ago
- Banking
Recent research from leading open banking provider Yolt Technology Services (YTS) revealed over 50% of business leaders within banking, retail, lending, investment platforms and PFMs, are not utilising open banking technology due to concerns around data security and privacy.
Fineco adds AXA IM Funds to Investing Platform
- 2 years 12 months ago
- Banking
FinecoBank today announced funds from AXA Investment Managers (AXA IM) are now available on its investing platform. The addition of funds from the asset manager will further strengthen Fineco’s ESG offering, and enable its growing customer base in the United Kingdom greater access to a range of sustainable investing products.
Retailers Miss Out on £39.4Bn of Sales in Abandoned Baskets During Lockdown as Lengthy Checkouts See Customers Dropout
Research from Barclaycard Payments reveals that UK retailers have lost out on more than £39.4bn in potential sales over the last 12 months, as lockdown sees the value of online abandoned baskets more than double since 2018*.
Greece’s Eurobank Selects Temenos to Reimagine Wealth Management for the Digital Age
- 2 years 12 months ago
- Banking, Core Banking
Temenos, the banking software company, today announces that Eurobank in Greece has selected Temenos Wealth to strengthen its position in wealth management and affluent segment services. Eurobank, the third largest bank in Greece, will use Temenos Wealth to create a fully-digital investment portfolio management service offering Robo-Advisor and Goal-Based Investing apps to target the mass affluent and affluent market.
ING Posts 1Q2021 Net Result of €1,005 Million
- 2 years 12 months ago
- Banking
1Q2021 result before tax of €1,463 million; capital position remains strong at 15.5%
Trustbank Partners with ICSFS to Launch Islamic Banking Services in Uzbekistan
- 2 years 12 months ago
- Islamic Finance
Trustbank, one of the leading banks and the first private bank to be providing Islamic banking services in Uzbekistan, has selected ICS BANKS Islamic Banking software solutions from ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions.
FIS, NYDIG Partner to Enable Banks to Offer Their Customers the Ability to Buy, Sell and Hold Bitcoin
- 2 years 12 months ago
- Payments, Cryptocurrencies, Banking
Financial technology leader FIS® (NYSE: FIS) today announced an industry-first solution that enables banks to offer their customers the ability to buy, sell, and hold bitcoin via their bank accounts.
