Ecospend Partners with CDER Group to Provide Customers with Secure Pay By Bank Account Solution
- 2 years 11 months ago
- Banking
Ecospend, the open banking technology provider is proud to announce it is partnering with CDER Group, one of the UK’s foremost Enforcement and Debt Resolution companies, to provide its account-to-account ‘Pay-by-Bank’ solution.
Deutsche Bank Partners with Traydstream to Automate Document Checking for Their Trade Finance Products
- 2 years 11 months ago
- Banking
Deutsche Bank and Traydstream have been working together since July 2021 with a detailed pilot of the Traydstream automated trade document checking platform. Both parties have now announced a further commitment for a deep dive into the bank’s trade operations as well as integration of Traydstream’s AI tools. The parties have agreed to integrate the Traydstream platform into the Deutsche Bank environment and intend to subsequently roll out the... more
Monument Bank and Persistent Partner in the Creation of New Digital Banking Infrastructure
- 2 years 11 months ago
- Banking
Monument Bank, UK’s first neo bank focused on the needs of the ~4.8 million ‘mass affluent’, has partnered with Persistent Systems, a Global Digital Engineering provider to build a bespoke, cloud-native digital banking platform for lending and deposit services to support Monument’s ongoing operations. Monument’s target clients are usually pressed for time and often feel underserved and undervalued by other banking providers.
Profile Presents its New Solution Acumen.plus Loan Portfolio Management
- 2 years 11 months ago
- Banking
Profile Software, an international financial solutions provider, announced today the launch of its pioneering solution Acumen.plus Loan Portfolio Management for corporates. It offers unique support to corporates including shipping firms and family offices with powerful loan management functionality as well as risk management in specific areas whilst having an extensive range of functions across financial instruments.
India's Yes Bank to Sell Stake to Private Equity Firms for $1.1B
- 2 years 11 months ago
- Banking
Private equity giants, Carlyle and Advent International have announced their plans to acquire a 10% stake in YES Bank, one of India’s largest private sector banks, as part of a $1.1 billion capital raise.
01/08 – Weekly Fintech Recap
- 2 years 11 months ago
- Artificial Intelligence, Blockchain, Digital banking, Payments, Banking, FinTech StartUps, IT Innovations, M&A Deals, People Moves
Partnerships Microsoft and Nexi Drive Payments Digitisation in Europe
Lloyds Banking Group to Lose 66 More Bank Branches
- 2 years 12 months ago
- Banking
Lloyds Banking Group has identified another 66 branches for closure over the next few months. The UK lender will shut 48 Lloyds Bank branches and 18 Halifax branches between October and February. The move continues a sustained programme of branch shutdowns from the bank as more customers choose to do their banking online.
NCR Delivers Services to Run Bank of New Zealand’s ATM Network
- 2 years 12 months ago
- Banking
NCR Corporation, (NYSE: NCR), a leading enterprise technology provider, today announced a strategic relationship with the Bank of New Zealand (BNZ), one of the largest banks in the country. Through its robust NCR ATM as a Service solution, NCR will run the bank’s ATM fleet as part of BNZ’s digital transformation.
Alif Records 150%+ Year-on-year Revenue Growth, Surpassing 1 Million + Users
- 2 years 12 months ago
- Banking
Alif, a Central Asian Fintech operating as a full-fledged Bank in Tajikistan and as an e-commerce & fintech company in Uzbekistan, has announced a record 150%+ year-on-year revenue growth in the 12 months leading to June 2022. During the same period, the total number of Alif users has surpassed 1 million, marking a 66% year-on-year increase in customers.
Ayoconnect launches direct debit with 7 of Indonesia’s Biggest Banks
- 2 years 12 months ago
- Banking
Ayoconnect, Southeast Asia's largest open finance platform, has launched an open finance API that provides Indonesian companies including non-banking financial institutions such as insurance companies and lenders, with recurring capabilities that can instantly debit from customers’ saving accounts across multiple banks.
CMA Calls Out Monzo for Breaching Banking Rules
- 2 years 12 months ago
- Banking
Monzo has been ordered to comply with banking rules after failing to send thousands of customers their historic financial transactions when leaving the digital bank.
Gatehouse Bank Receives Investment Grade Rating from Moody’s Investor Service
- 2 years 12 months ago
- Islamic Finance
Credit rating agency, Moody’s Investor Service, has today assigned Gatehouse Bank an investment grade credit rating of Baa3 BCA with a long-term stable outlook.
Temenos and Wipro Announce Global Strategic Partnership to Accelerate Digital Transformation in Banking
- 2 years 12 months ago
- Banking
Temenos and Wipro Limited announced an expanded partnership to help banks of every size accelerate their modernization journey. This expanded partnership will enable banks across varying scales to accelerate their go-to-market strategies in regions including the United States, the U.K and Australia.
Solarisbank Rebrands as Solaris
- 2 years 12 months ago
- Banking
European fintech platform, Solarisbank has recently announced that the company has changed its name to ‘Solaris’. The company noted that the rebrand represents its evolution. Amid the latest global expansion activities, the fintech platform has been able to grow its team to over 750 employees.
