MODIFI Announces 145m USD to Power International SME Trade Among Supply Chain Turmoil
Global fintech MODIFI today announced 145m USD in debt financing with existing bank partners Silicon Valley Bank and Solarisbank. The funds will be used to address increasing demand and help more small and medium-sized enterprises trade internationally on MODIFI's digital platform.
FSS and CSB Bank Launch Smart Cash to Boost Financial Inclusion
FSS (Financial Software and Systems)), a globally leading provider of integrated payment products and a payments processor, and CSB Bank, one of the oldest private sector banks in India, have joined forces to deliver hyperlocal banking services to financially underserved segments. Under the aegis of this partnership, CSB Bank and FSS plan to open 1,000 Smart Cash franchisees in semi-urban and rural areas across India to expand financial services... more
Malaysia’s KAF to Launch Digital Lending on the Temenos Banking Cloud
Temenos enables KAF to offer conventional and Islamic financing on a single platform and extend to full digital banking in the future Temenos (SIX: TEMN), the banking software company, today announced that KAF, a well-diversified financial services conglomerate in Malaysia, has selected the Temenos Banking Cloud to launch a digital lending business. KAF will use Temenos Banking Services for retail loans and Islamic financing delivered on the... more
Backbase Partners with Blue Federal Credit Union to Revolutionize Members’ Retail and Business Banking Experiences
New partnership will enable Blue Federal Credit Union to capture increased market share and launch a best-in-class engagement banking platform
96% of European Brands Will Offer Embedded Payments Within Five Years
● A new report from OpenPayd shows embedded payments to become the most popular form of embedded finance. 22% of companies surveyed already have embedded payment products in development
Pecunpay Signs Agreement with Unionpay International to Become First Spanish Issuer of Unionpay Cards in Spain
- 3 years 8 months ago
- Banking
The agreement opens the door to a vast and growing market with excellent potential. The agreement will cover commercial products, consumer and corporate cards, as well as mobile payment systems.
Challenger Bank Recognise Appoints Paul Beadle as Head of Communications
- 3 years 8 months ago
- Banking
Beadle will oversee the launch of new business savings and lending products Paul Beadle has been appointed as Head of Communications for Recognise Bank, one of the UK’s newest fintech challenger banks, which launched just over a year ago to serve the country’s small business sector, as well as offering personal and business savings products.
VERMEG Launches Software Solution to Connect European Banks Into New Eurosystem Collateral Management System (ECMS)
- 3 years 8 months ago
- Asset Management, Wealth Management, Banking, Insurance
VERMEG, a specialized software house covering three main market segments in financial services - Banking, Wealth and Asset Management and Insurance, announces a new software solution, ‘EASY Collateral by VERMEG’ to enable European Banks to be ready for connection and operation with the new ECMS, which launches in November 2023.
Buy Now Pay Later: New Data From Klarna Finds Women Spend Less and Repay Sooner
- 3 years 8 months ago
- Payments, Retail Banking
Women repay earlier and are even less likely than men to default, in the context of extremely low overall default rates, says Klarna. Klarna, a leading global retail bank, payments and shopping service, today revealed new data which challenges popular misconceptions about the company’s consumers.
Finastra and Liquid Sign Global Agreement to Help Banks Integrate Cryptocurrency Services
- 3 years 8 months ago
- Core Banking, IT Innovations
· Liquid’s Quick Exchange app to be made available through Finastra’s Fusion Essence core banking solution
Tinkoff Presents ETNA — Russia’s First Open-service Tool for Analysing and Forecasting Business Processes
- 3 years 8 months ago
- Banking
Tinkoff’s Centre for AI technologies has unveiled ETNA – the first service on the Russian market that helps to analyse and predict a wide range of data-driven processes, ranging from precipitation levels in upcoming winter months to a company’s recruitment needs. About ETNA
Entries Open for Fourth Batch of Sber500 International Accelerator
- 3 years 9 months ago
- Banking
Sber and 500 Global, previously known as 500 Startups, is launching its fourth batch of Sber500, an international accelerator for technology startups. This year’s program will have increased coverage of 50 teams. The deadline for entries is February 7, 2022. https://sberbank-500.ru/en
Biz2Credit Small Business Lending Index™ for November Finds Loan Approval Rates Continue to Rise at Banks and at Non-Bank Lenders
Approval percentages at Big Banks, Small Banks, Institutional Lenders, Alternative Lenders rise; Credit Unions flat in November
Bank of Hangzhou Steps up Capital Markets Capabilities with Murex
- 3 years 9 months ago
- Banking
– Murex completes transformational project with major city commercial bank institution in China – Bank of Hangzhou has completed a successful go-live on the MX.3 platform in close collaboration with Murex, the global leader in trading, risk management and processing solutions for capital markets. Bank of Hangzhou now uses MX.3 across asset classes for capital markets activities, from front-to-back-to risk management, leveraging a localized... more
€1.2 Billion to Support Italian Companies with Eib Group-illimity Agreement under European Guarantee Fund (EGF)
- 3 years 9 months ago
- Banking
• €60 million EIB guarantee to support illimity to unlock new liquidity for companies by financing working capital, via reverse factoring for over €1 billion in turnover • €150 million EIF guarantee to support illimity mobilise €215 million in new financing
