Bankera Becomes a Member of an International Association Against IBAN Discrimination
- 3 years 7 months ago
- Transaction Banking, Money Transfers, Banking
Although bank transfers in the Single Euro Payments Area, or SEPA, take the same amount of time regardless of the country where the account is issued, some companies don't want to go through the extra trouble and refuse to serve customers from other countries entirely. So Lithuanian fintech company Bankera, together with several other fintech companies operating in the EU, has joined an international initiative to fight the IBAN discrimination.
British Business Investments Announces £7m Commitment to FOLK2FOLK
- 3 years 7 months ago
- Investment, Banking
British Business Investments, a wholly-owned commercial subsidiary within the British Business Bank group, today announces a £7m commitment to FOLK2FOLK, a specialist marketplace lender for rural and regional smaller businesses.
BOB Financial, NPCI and JCB Partner to Launch Bank of Baroda Credit Cards on RuPay Platform
- 3 years 7 months ago
- Payments, Credit Cards, Banking
Beginning with the Easy and Premier variants, the BoB-RuPay Credit Cards are set to offer a host of benefits to the customers
UK Venture Capital Fund Performance Increased Sharply Over the Last year, Finds Latest Research by the British Business Bank
- 3 years 7 months ago
- Banking
Performance of UK VC funds has increased sharply over the last 12 months
Allica Scoops £110 million in Series B
- 3 years 7 months ago
- Banking
SME challenger bank Allica has agreed a £110 million Series B funding round led by Atalaya Capital Management, alongside existing lead investor Warwick Capital Partners. The new equity injection comes just days after the startup boosted its profitability ambitions by agreeing to buy the £600 million British small business loan book of Allied Irish Bank.
Major Danish Fintech Successfully Launches its Largest Program to Date with Murex’s MX.3 Solution
Bankdata, one of the largest Danish fintech companies, has recently completed the most substantial front-to-back-to-risk re-platforming program in its history: the implementation of a shared capital markets platform for eight Danish banks. Regulatory compliance was a key driver for implementing Murex’s MX.3 platform.
Unit Partners with Currencycloud to Enable Seamless cross-border Payments
- 3 years 7 months ago
- Banking
Unit, the New York-based banking-as-a-service platform (BaaS), has partnered with Currencycloud, the experts simplifying business in a multi-currency world, to offer their customers an easy, seamless way to fulfill both domestic and international banking needs. Unit is a banking-as-a-service platform that empowers companies to embed banking features into their product to build and launch next-generation bank accounts, cards, payments, and... more
18–34-year-olds most Disappointed with the Digital Revolution
- 3 years 7 months ago
- Banking
Despite growing up with the digital revolution, younger people want online banking to form a range of services rather than replace human interaction completely, according to a new survey. Prior to the pandemic, internet banking was already an integral part of banking for many, but during the pandemic, customers moved online in considerably larger numbers. In the past year we have seen a significant boost to the digitalisation of banking due to... more
60 percent of British Consumers set to do all their Christmas Shopping Online
- 3 years 7 months ago
- Banking, Data, IT Innovations
60 percent of responding UK consumers plan to do all their Christmas shopping online this year. · 43 percent of millennials respond that they want to use Buy-Now Pay-Later (BNPL) to pay for their Christmas shopping. · 1 in 4 of all UK Christmas purchases will be returned but returns are projected to drop to 15 percent when bought through BNPL.
CellPoint Digital Partners with Vyne to Enable Instant Open Banking Payments for Merchants
- 3 years 7 months ago
- Open Banking, Payments, Banking
The partnership will allow CellPoint Digital customers to incorporate Vyne into its payment ecosystem and access instant payments without a need for direct integration.
The Ecobank Group Secures €100 Million Credit Facility from European Investment Bank to Fund SMEs
- 3 years 7 months ago
- Banking
The latest cooperation between Ecobank Group and the European Investment Bank to support private sector investment across Africa was formally agreed at the EU Delegation to Togo in Lomé
Mixed Reaction to New £100 Contactless Limit: How Biometric Payment Cards Can Stifle Fraud Concerns
By Lina Andolf-Orup, Senior Director, Global Marketing at Fingerprint Cards
Allica Bank Signs £110m Series B Funding Round
- 3 years 7 months ago
- Banking
Funding round led by new investor Atalaya Capital Management, alongside Allica’s existing lead investor Warwick Capital Partners New funding will support Allica’s continued scaling as well as acquisition of AIB SME lending portfolio Allica Bank, the leading fintech SME challenger bank, announces a £110m Series B funding round led by Atalaya Capital Management*, alongside existing lead investor Warwick Capital Partners.
Comentis Launches New Vulnerability Dashboard to Help Firms Manage their Vulnerable Customers
- 3 years 7 months ago
- Alternative Finance
Dashboard will provide overview of vulnerability across the whole client base to improve insight into customer outcomes and how they can be improved The dashboard will be invaluable for firms reporting back to the Financial Conduct Authority, especially ahead of new regulations in 2022
BOB Financial Partners with OneCard to Launch Mobile-first, Metal Cedit Card
- 3 years 7 months ago
- Payments, Credit Cards, Banking
● Digital-first credit card powered by a mobile app to offer seamless smart-banking experience ● To offer lifetime validity and zero joining fee with a 100% digital onboarding process ● Virtual credit card to be delivered in under 3 minutes and metal card to be delivered in 3-5 days ● Cards to be issued by BFSL, managed by OneCard, and powered by VISA
