Global Banks Turn to Fintechs to Cut Operational Costs and Pursue Innovation, Finastra Research Reveals
- 3 years 4 months ago
- Banking
Finastra research reveals that fintech partnerships are a critical part of a bank’s strategy, with 3 in 4 global banks planning to connect with an average of 3 fintechs in the next 12-18 months. The largest proportion of respondents want to plug into a platform of integrated fintech solutions (56%), with only 6% preferring to build capabilities in-house. This is particularly prevalent in Europe, where this is 73% and 5% respectively.
TUHF Partners with nCino to Improve Its Competitive Edge and to Scale Efficiently
- 3 years 4 months ago
- Banking
nCino, Inc., a pioneer in cloud banking for the global financial services industry, today announced that TUHF has selected nCino’s cloud banking platform to improve the lending process for its customers and support the entire credit lifecycle journey across its commercial loan book. By partnering with nCino, TUHF will modernize its operations to achieve key business goals including increasing efficiency, driving growth, and reducing costs.
illimity Enters a Long-term Industrial Partnership with the Engineering Group for The Commercialisation and Further Development of The Bank’s IT Platform
- 3 years 4 months ago
- Banking
illimity Bank S.p.A. (“illimity” or the “Bank”) announces that it has reached a long-term industrial agreement with the Engineering Group (hereinafter "Engineering"), concerning illimity's IT platform, its distribution to third parties and its future development.
Caixabank Launches an Interactive Experience in the Metaverse to Raise Awareness of Taking Better Care of the Environment
- 3 years 4 months ago
- Banking, IT Innovations
CaixaBank is celebrating this year's "World Earth Day" with an innovative activity at its "all in one" centres in Ibiza, Burgos, Valencia, Barcelona and Madrid. All customers visiting these centres will be able to participate in the metaverse in a memorable experience on caring for the environment. Through virtual reality, the bank intends to raise awareness of how to contribute to creating a cleaner and more sustainable world in a fun and... more
17/04 – Weekly Fintech Recap
- 3 years 4 months ago
- Payments, Banking, M&A Deals, People Moves
Partnerships OKX Wallet Announces Blur Partnership, Revamps OKX Earn
New 200 Million Euro Agreement Between EIB and illimity to Support SMEs
- 3 years 4 months ago
- Banking
The European Investment Bank (the “EIB”) and illimity Bank S.p.A. (“illimity” or the “Bank”) have finalized an agreement worth 200 million euro aimed at supporting the working capital and liquidity needs of SMEs, with specific emphasis being given to sustainable investments and businesses operating in the Cohesion Regions.
SWK Bank Moves from Bingen to Mainz
- 3 years 4 months ago
- Banking
SWK Bank, one of Germany's leading service and direct banks, will move from its current headquarters in Bingen to Mainz. The new office space in Mainz has been specially designed to promote cooperation between the teams and individual divisions to support the bank's further growth. The Bank is planning a 2-location strategy: the back office will continue to work from Bingen, the other departments from the new location in Mainz. The head office... more
Societe Generale and Lemonway Partner to Support the Growth of Large Corporates’ B2B Marketplaces in Europe
- 3 years 4 months ago
- Banking
Societe Generale, one of Europe’s leading banking groups, and Lemonway, an ACPR-licensed pan-European payment institution, have signed a commercial partnership to deliver payment services to large corporates in Western Europe, launching B2B marketplaces. With complementary approaches, these two firms have committed to adequately addressing the growing needs of corporates in the booming B2B marketplace sector.
10/04 – Weekly Fintech Recap
- 3 years 4 months ago
- Banking, FinTech StartUps, M&A Deals, People Moves
Partnerships Union Credit, TransUnion Partner to Provide Consumers with Embedded e-Commerce Options from Credit Unions
BACB Announces Exceptional Results and CEO Succession
- 3 years 5 months ago
- Banking
British Arab Commercial Bank (BACB), the UK-regulated, specialist trade finance bank has announced that today the Board of BACB Plc approved the 2022 financial statements which confirm that the Bank has successfully navigated challenging market conditions and delivered exceptional overall results. This is testament to the extensive efforts over the past two years to reshape and reposition the Bank through its strategy of Safe, Sustainable,... more
BNP Paribas Extends Partnership with Worldline to Reduce SEPA Direct Debit Fraud
- 3 years 5 months ago
- Banking
BNP Paribas Cash Management has selected Worldline, a global leader in payments services, to reduce fraud in SEPA Direct Debit transactions. BNP Paribas has implemented Worldline’s solution, which combines the electronic signature of SEPA mandates with Open Banking-based account validation, in Germany, Italy and France, with additional countries to follow in a few months.
Lloyds Bank And Enigio Launch New Trade Digitisation Partnership
- 3 years 5 months ago
- Banking
Lloyds Bank and Enigio have launched a new long-term partnership to support greater use of digital documentation in trade finance through the use of blockchain technology.
Central Bank of UAE (CBUAE) Selects R3, G42 Cloud and Clifford Chance to Assist in Implementing its CBDC Strategy
- 3 years 5 months ago
- Banking
The Central Bank of the UAE (CBUAE) has launched its Central Bank Digital Currency (CBDC) Implementation Strategy in collaboration with R3, G42 Cloud and Clifford Chance. For Phase 1, R3 and G42 Cloud have been selected as the technology and infrastructure providers of the initiative respectively, while Clifford Chance will provide critical legal oversight for the strategy.
Allica Bank Ramps Up SME Support with Refreshed Credit Appetite
- 3 years 5 months ago
- Banking
Allica Bank has made significant changes to its commercial mortgage credit appetite with cuts to its stress-testing and Debt Service Cover Ratio (DCSR) requirements across all products, and an increase in its maximum Loan to Values (LTV) for prime owner-occupied commercial mortgages. It has also reduced the DSCR requirement for its asset finance product.
Key Environmental Trends To Look Out For Across The Fintech Industry
- 3 years 5 months ago
- Banking
There are a growing number of eco-minded customers being drawn to fintech services, as it is easier to measure the green credentials of newer players than those operating in traditional finance. This is according to virtual payment card provider Lanistar.
