Banking

Zopa Bank Reaches £2 Billion in Customer Savings

2 years 10 months ago
Banking

Zopa bank has now crossed the £2 billion deposit mark, making it one of the fastest challenger banks to reach the milestone. With rising inflation, energy prices, and rent increases adding considerable pressure on consumer finances, Zopa’s ambition is to make the billions in “zombie money” sitting idle in UK current accounts work harder.

British Business Bank Makes New Commitment to Propel to Enable £165M of Asset Finance for Smaller UK Businesses

2 years 10 months ago
Banking

The British Business Bank today announces a new ENABLE Funding facility to Propel, one of the UK’s largest and fastest growing independent asset finance providers. The new facility will allow Propel to provide around £165m of finance to smaller businesses across the UK.

Shanghai Commercial & Savings Bank Adopts Temenos Platform for Retail and Corporate Banking

2 years 10 months ago
Banking

Shanghai Commercial & Savings Bank (SCSB), one of the listed banks in Taiwan, has selected Temenos and IBM to replace its legacy core systems with Temenos open platform for composable banking.

Huntingdon Valley Bank To Access Up To $100M of DeFi Funding Through MakerDAO

2 years 10 months ago
Banking

MakerDAO, the longest-standing DeFi lending protocol and creator of DAI, the original, decentralized stablecoin, today announced that Huntingdon Valley Bank (HVB) has been approved to utilize a $100M participation facility, funded by a Maker Vault.

CLS Welcomes Chong Hing Bank as Third-party Bank to CLSSettlement

2 years 10 months ago
Banking

CLS, a financial market infrastructure delivering settlement, processing and data solutions across the global FX ecosystem, announced today that Chong Hing Bank is the second Chinese bank to access CLSSettlement as a third-party participant via UBS, a CLS settlement member.

BACB Partners with Tropical Bank Uganda

2 years 10 months ago
Banking

British Arab Commercial Bank (BACB) has signed a collaboration agreement with leading Uganda-based commercial lender Tropical Bank Limited (Tropical Bank) to mutually support a range of projects and trade opportunities.

PayNearby Integrates Government Super App, UMANG, to Offer Citizens Assisted e-Gov Services

2 years 10 months ago
Banking

To offer ease and further the Government’s vision to make e-governance 'mobile first' in India, PayNearby, India’s leading branchless banking and digital network, has integrated the all-in-one app UMANG (Unified Mobile Application for New-age Governance) into its platform.

New Bank Launch Promises to Boost the UK Property Sector

2 years 10 months ago
Banking

The property sector across the UK is set for a £3bn boost as specialist bank GB Bank officially launches after receiving its full UK banking licence. The banking licence allows Middlesbrough-headquartered GB Bank to start driving its ambitious plans forward. It has committed to lend £3bn over five years. The funding will support the creation of over 100,000 jobs, 20,000 new homes and several million square feet of office space.

Glia and Veritran Partner to Help Banks and Credit Unions Digitally Transform Customer Service Globally

2 years 10 months ago
Banking

Glia, the leader in Digital Customer Service (DCS), and Veritran, a leading global Low-Code solutions provider, announced a strategic partnership to offer digital-first customer support to financial institutions worldwide.

Barclays Closes More Branches

2 years 10 months ago
Banking

Barclays has marked another 18 branches for closure, bringing the total number of sites shuttered this year to 178.

Al-Ataa Islamic Bank Signs for ICS BANKS Islamic Platform from ICSFS

2 years 10 months ago
Islamic Finance

Al-Ataa Islamic Bank for Investment and Finance has selected ICS BANKS Islamic Platform, a worldwide digital Shari’a compliant software solution, from ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions.

Aliaswire Research Quantifies Big Gains for Banks with Online Bill Pay

2 years 10 months ago
Banking

Aliaswire, a provider of bill payment and credit solutions for businesses and banks, today announced a new research white paper highlighting results gained by leading banks using its DirectBiller payment platform.