Multi-currency and FX “business-critical” for 94% of Fintechs post-pandemic
New insights from ClearBank demonstrate industry demand for accessible and competitive multi-currency offering
Developer to Begin Build at Eco-friendly Retirement Village After Bank Backing
- 3 years 7 months ago
- Banking
Development set to begin at eco-friendly retirement village with more than 200 units Shawbrook Bank supports developer with £17 million development loan Five-fold increase in retirement living accommodation required to meet needs of ageing population Work is set to start on a sustainable residential project for the over-55s in Burnham-on-Crouch, Essex, after property developer Burnham Waters Ltd., secured a £17 million loan from Shawbrook Bank.
Eight Out of 10 Advice Professionals would Recommend Financial Planning as a Career, Reveals Dynamic Planner
- 3 years 7 months ago
- Banking
-Dynamic Planner unveils first Spotlight Report: Growth, opportunity and sustainability – the financial advice market in 2021’ -New annual study finds that advice industry is facing into the future with confidence
Post-crisis Customer and Employee Expectations Driving New Digital Transformation Priorities for Banking & Financial Services Leaders
New research unveils that transitioning communications and processes from physical to digital while reducing costs and supporting changing working models top the list of FS priorities
IFIN wins first prize in EFICA Awards 2021
- 3 years 7 months ago
- Islamic Finance
IFIN (“Islamic Finance Initiation Network”) the first of its kind fintech, stands out with its state-of-the-art solutions for the Islamic finance industry and wins the Ethical Finance Initiative Award at the annual EFICA Awards 2021 held on Wednesday 24 November at JW Marriot Marquis, Dubai and organized by Abu Dhabi Islamic Bank (“ADIB”), a leading Arab financial institution, and Refinitiv, a London Stock Exchange Group business.
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 8 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 8 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 8 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 8 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.
