Warba Bank Launches Youth Account “Wave Banking”: A Fully Integrated Digital Banking Experience for Young Customers
- 1 year 5 days ago
- Banking
In a significant milestone underscoring its leadership in banking innovation, Warba Bank, one of Kuwait’s leading Islamic financial institutions, announced the launch of its youth account “Wave Banking” with an advanced digital platform, designed specifically for the younger generation under the slogan “Your Wave, Your Way”, offering a fully digital experience tailored to their lifestyle and financial needs.
Open Banking Surges to 15 Million UK Users as July Marks Record Adoption
- 1 year 6 days ago
- Banking
July was a landmark month for open banking, with more than 15.16 million people and businesses now using services powered by the technology - equivalent to nearly one in three UK adults. The latest figures also show that in July, open banking services were used a record 2.04 billion times, up 3.5% from June. From paying taxes to ordering dinner, millions of UK consumers and businesses are embracing open banking to manage their money with... more
FundBank Goes Live with Temenos to Power Its Global Expansion into the U.S.
- 1 year 1 week ago
- Banking
Temenos today announced that FundBank, a Cayman Islands-based financial institution specializing in banking services for the asset management industry, has gone live with Temenos SaaS to drive its expansion in the United States.
Thread Bank Selects Finxact from Fiserv to Power Embedded Banking Strategies, Serving as a Model for Community Banks
- 1 year 1 week ago
- Banking
Thread Bank today announced that it has selected Finxact from Fiserv, Inc., the cloud-native, real-time banking core that offers enhanced access to data, as the Bank’s core banking platform. The Finxact core will allow Thread to further execute on its strategy to deliver modern, compliant, and scalable embedded and core banking solutions, creating value for partners and providing an innovation roadmap for fellow community banks.
Narmi and Grasshopper Launch First MCP Server by a U.S. Bank for AI-Driven Insights
- 1 year 2 weeks ago
- Banking
Narmi, a digital banking technology developer, and Grasshopper Bank, a client-first, full-service digital bank, have launched a first-of-its-kind Model Context Protocol (MCP) server that will allow Grasshopper's Business Banking clients to access personalized financial analysis and insights through Claude, Anthropic's advanced artificial intelligence (AI) assistant. While Claude is the first integration, this groundbreaking infrastructure sets... more
Artea Bank Migrates to BPC’s Cloud-Native SmartVista Platform to Power Mastercard Issuing
- 1 year 2 weeks ago
- Banking
Artea Bank, a major Lithuanian commercial bank dedicated to improving the financial well-being of Lithuania’s residents and businesses, has selected BPC SmartVista, a cloud-native, microservices-based platform, to modernize its card-issuing infrastructure.
Oh Crumbs! Zopa Bank Drives 10,240 Biscuits through Central London to Show the Real Value of Switching as Santander Closes Its 123 Lite Account
- 1 year 2 weeks ago
- Banking
Zopa Bank is calling on UK consumers to rethink their bank loyalty, urging them to compare current accounts and switch to providers that offer real value - not just crumbs.
Bank of Algeria Joins PAPSS Network, Accelerating Financial Integration in Africa as Algeria Prepares to Host IATF 2025
- 1 year 2 weeks ago
- Banking
The Pan-African Payment and Settlement System (PAPSS) launched by African Export-Import Bank (Afreximbank) in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, has officially welcomed the Bank of Algeria into its growing network. Algeria now becomes the 18th country of presence for PAPSS, marking a significant step in advancing Africa’s journey towards deeper financial... more
British Business Bank Agrees ENABLE Guarantee Transaction of up to £300m with Close Brothers
- 1 year 2 weeks ago
- Banking
The British Business Bank has agreed a transaction of up to £300m with Close Brothers under the ENABLE Guarantees programme, unlocking significant additional lending capacity. The transaction will support a portfolio within Close Brothers Asset Finance, covering hire purchase, sale and hire purchase back and leasing facilities. Asset finance plays an important role for UK smaller businesses, with the market reaching a record £23.5bn in 2024.
Big Fintechs Are Holding Community Banks “to Ransom” over Customer Data, Warns Fintech CEO
- 1 year 3 weeks ago
- Banking
The fintech sector’s outrage at plans to ditch open banking rules is “totally hypocritical,” says Adam Turmakhan, CEO of TurmaFinTech, who argues providers have been holding US community banks “to ransom” over their customer data for years. Turmakhan’s intervention follows reports that the CFPB will propose a new version of open banking rules following the fintech sector’s fury at plans to scrap them altogether.
Self-Made Success Adds Up: Small Businesses Exceed $1 Billion in Managed Deposits in Relay
- 1 year 3 weeks ago
- Banking
Relay—the small business banking and money management platform enabling peak profitability—announced that American small businesses have entrusted them with more than $1 billion in managed customer deposits through Thread Bank, Member FDIC. This milestone is a vote of confidence by the more than 110,000 self-made small business owners using Relay. As the banking platform on a mission to make every business great with money, Relay stands with... more
Lloyds Secures Contract to Provide Banking Services for Several Government Departments and Public Sector Organisations
- 1 year 3 weeks ago
- Banking
Lloyds has won, after a competitive tender, a contract to provide banking services for several government departments and public sector bodies, including the Department for Transport, Driver and Vehicle Licensing Agency, HM Revenue & Customs and the Ministry of Housing, Communities and Local Government.
Tuum Selected by Uptex Bank to Power E-Banking Expansion in Middle East and Africa
- 1 year 3 weeks ago
- Banking
Tuum, the leading next-generation core banking provider, has been selected by Oliver Business Development (OBD) Holding to power its newly licensed e-banking services in the Middle East and Africa (MEA) called Uptex Bank. The partnership marks Tuum’s first customer in the Middle East and reinforces its strategy to support innovation-led financial institutions in fast-growing, regulated markets.
Ubank Brings Clarity to Financial Chaos in New Campaign
- 1 year 3 weeks ago
- Banking
Ubank has partnered with production agency Infinity Squared to launch our new campaign – ‘See Money Better, Do Money Better’ – bringing to life the invisible stresses of modern money management.
ClearBank Announces First Channel Partnership to Offer Innovative Banking and Payments Solutions With Leading Fintech Provider Algbra
- 1 year 3 weeks ago
- Banking
ClearBank, the enabler of real-time clearing and embedded banking, today announces its first channel partnership with leading ethical FinTech, Algbra, to provide its trusted technology and services as part of Algbra Labs’ Fintech-As-A-Service offering. Through the partnership, Algbra will be able to offer ClearBank’s agency banking, faster payments and virtual account services to customers on its platform, helping them to expand their reach... more
