New Research Shows Banks Took £3.6B in FX from SMBs Last Year - So Why Do They Claim to ‘Love Small Businesses’?
- 3 years 3 months ago
- Corporate Banking
Wise, the global technology company building the best way to move money around the world, has today released new research showing that banks took £3.6bn in often hidden FX fees from small- and medium-sized businesses (SMBs) in 2022 alone.
Tandem Bank Signs Up for LMS Panel Link®
- 3 years 3 months ago
- Banking
LMS, the UK’s leading conveyancer and panel management specialist, has today announced its partnership with Tandem Bank, which will become the 34th lender to join LMS Panel Link®. As part of its unique service, LMS will deliver a fully vetted, secure panel of conveyancing firms that meets Tandem’s exact requirements, across England and Wales.
13/02 – Weekly Fintech Recap
- 3 years 3 months ago
- Artificial Intelligence, Open Banking, Payments, Banking, M&A Deals, People Moves
Partnerships American Express Taps Microsoft AI for New Expenses Tool
Banks Accelerate Move to the Cloud with New Oracle Banking Services
- 3 years 3 months ago
- Banking
With transaction volumes, customer expectations, and competitive threats at an all-time high, banks must adapt quickly to keep pace. To address these challenges, Oracle today launched Oracle Banking Cloud Services, a new suite of componentized, composable cloud-native services.
3rd CIS Islamic Banking and Finance Forum to Be Held in Uzbekistan
- 3 years 3 months ago
- Islamic Finance
3rd CIS Islamic Banking and Finance Forum will be held in Tashkent -Uzbekistan on March 14, 2023, with the theme to explore the untapped potential of Islamic Finance market of CIS countries and to adopt the latest trends, address the challenges and discover the new opportunities in Islamic financial industry of Central Asia. AlHuda CIBE is organizing the 3rd CIS Forum with the support of Uzbekistan Banking Association (UBA).
Open Banking Has Vital Role In Cost Of Living Crisis, As Estimated 25 Million Brits Fear Income Soon Won’t Cover Essential Spending
- 3 years 3 months ago
- Banking
As the cost of living crisis continues, new research from Europe’s leading open banking platform, Tink, paints a stark picture of financial realities in the UK.
Forward Bank Launches Larky’s nudge® to Improve Personalization, Mobile-First Communication
- 3 years 3 months ago
- Banking
Larky, a fintech provider helping financial institutions proactively connect with their audience in the right place and at the right time, today announced its launch with Marshfield, Wis.-based Forward Bank. The bank has launched Larky’s nudge® push notifications to offer its account holders more personalized, timely communications.
TSB Partners with NoteMachine to Deliver Local Banking Services
- 3 years 3 months ago
- Banking
In partnership with NoteMachine, TSB will launch three new pilot Pods in Wigan, Wood Green (North London) and Luton, providing banking and cash services. TSB’s Pods will be based in shopping centres and will be open seven days a week providing the local community with banking services.
Mizuho Bank Modernizes Core Banking Operations with Oracle
- 3 years 3 months ago
- Core Banking
Mizuho Bank, Ltd., the integrated retail and corporate banking unit of Mizuho Financial Group and one of Japan's largest financial services institutions, is modernizing its legacy
Bergos Goes Live with New Core Banking System on FNZ Platform
- 3 years 3 months ago
- Core Banking
Bergos AG, an independent Swiss private bank specialising in wealth management, is delighted to announce the successful go-live of its new core banking solution in partnership with the global wealth management platform, FNZ. The successful implementation of the core solution was delivered in eight months thanks to the close collaboration and partnership between both companies.
2022 was Another Record Year for MyBank with EUR 10 Billion Transacted Value
- 3 years 3 months ago
- Banking
MyBank, the account-to-account payment solution, closes out 2022 with a record total annual transaction value above EUR 10 billion. The solution gained further traction over the last year thanks to a growing number of consumers and businesses that adopted MyBank to pay online and the increasing number of participating banks and other payment service providers that joined the solution.
Worldline Signs a Multi-year Deal with ING
- 3 years 3 months ago
- Banking
Worldline, a global leader in payments services, announces the extension of a partnership with ING Bank N.V., the Dutch international bank. Worldline will handle debit and credit card issuing and processing for ING across multiple countries, based on the signed agreement for multi-year period.
British Business Bank Publishes Updated List of 515 Companies in which the Future Fund Has an Equity Stake
- 3 years 3 months ago
- Banking
Today the British Business Bank publishes a list of 53 additional companies in which the Future Fund holds an equity stake, taking the total to 515 as at the end of December 2022. Launched on 20 May 2020, and open for applications until 31 January 2021, the Future Fund issued 1,190 companies with Convertible Loan Agreements worth £1.14bn in total. Third-party investors were required to at least match the Future Fund’s investment.
Recognise Bank Simplifies Corporate Structure as its Parent Company Delists
- 3 years 3 months ago
- Banking
Recognise Bank, the digital SME lender and savings provider, today announces that its parent company, the City of London Group plc, has delisted its shares after yesterday’s successful AGM vote backing the plan. The delisting simplifies Recognise Bank’s corporate structure and follows the bank conditionally raising £25 million to support lending and to fund the continued development of new products and technology for SMEs.
Halifax is the First UK Bank to Provide Accessibility Support with Recite Me
- 3 years 3 months ago
- Banking
Halifax has launched a suite of digital accessibility tools on halifax.co.uk to provide an even more inclusive experience for customers on their website. 14.1 million people in the UK live with some form of disability and often face barriers when using the internet.
