British Business Bank announces new lenders under the Bounce Back Loan Scheme for Smaller Businesses
- 5 years 8 months ago
- Banking
Today the British Business Bank has announced that it has approved two new lenders for accreditation under the Bounce Bank Loan Scheme. The scheme is intended to target small and micro businesses in all sectors[1], with loans from £2k up to 25% of the business’ turnover with a maximum loan of £50k.
Tinkoff reports 1Q '20 results, announces 2nd 2020 interim dividend
- 5 years 8 months ago
- Banking
TCS Group Holding PLC (LI: TCS, MOEX: TCSG) (“Tinkoff”, “We”, the "Group", the “Company”), Russia's leading provider of online financial and lifestyle services via its Tinkoff ecosystem, today announces its interim condensed consolidated IFRS results for the three months ended 31 March 2020. Oliver Hughes, CEO of Tinkoff Group, commented:
Salt Edge streamlines the PSD2 onboarding with banks to save TPPs thousands of work hours
- 5 years 8 months ago
- Banking
Salt Edge announced the release of a new feature that allows third party providers (TPPs) to register quicker with the desired banks’ PSD2 channels in the whole of Europe. Dynamic registration aims to save TPPs thousands of man-hours on onboarding with banks.
Al Baraka Bank Sudan transforms into an intelligent bank with iMAL*BI
- 5 years 8 months ago
- Banking, Islamic Finance
Path Solutions, the market-leading provider of Sharia-compliant digital solutions to the financial services industry, today announces that Al Baraka Bank Sudan (“BBS”), a subsidiary of the strategic Bahraini multinational banking corporation Al Baraka Banking Group, has successfully completed the implementation of its new Business Intelligence solution on March 13th.
Judo Bank joins elite unicorn club
- 5 years 8 months ago
- Banking
Judo Bank has raised $230 million in fresh equity at a post-money valuation north of $1 billion, lifting it into an exclusive club of local unicorns and showing the support of existing investors despite the risks COVID-19 present to business banking.
FAB Switzerland renews its long-term contract with Avaloq to continue the growth of its business
- 5 years 8 months ago
- Banking
The Swiss subsidiary of First Abu Dhabi Bank (FAB) has selected Avaloq’s business process as a service (BPaaS) solution for a further long-term contract to support the institution’s strong growth ambitions. The bank, which awarded the contract to Avaloq after a highly competitive tender process, has been working with the company since 2007 and was its first private banking client in Geneva.
Nearly 70% of small businesses will be cashless
- 5 years 8 months ago
- Banking
Research carried out by 3Gem for Amaiz, the business banking app, has revealed that 50% of small businesses have either become cashless or plan to as a result of Covid-19. Of the rest, over 18% already only took card and just 21% of small businesses have no plans to go cashless.
Tunisia’s Largest and Oldest Microfinance Institution Powers SME Banking and Supports Financial Inclusion with Temenos
Temenos (SIX: TEMN), the banking software company, today announced that Enda Tamweel (Enda) has gone live with cloud-native, cloud-agnostic Temenos Transact, the next generation core banking product.
Addition Financial partners with Backbase to provide personalized experiences to their members across all lines of business
- 5 years 8 months ago
- Banking
Leading digital-first banking software provider, Backbase, today announces that Lake Mary, Florida-based credit union, Addition Financial, has selected its omni-channel platform to optimize its user experience. Partnering with Backbase will provide Addition Financial the technology to innovate and differentiate from its competitors, allowing it to offer outstanding digital services for retail and business banking members.
British Business Bank announces new lenders under the bounce back loan scheme for smaller businesses
Today the British Business Bank has announced that it has approved three new lenders for accreditation under the Bounce Bank Loan Scheme. The scheme is intended to target small and micro businesses in all sectors, with loans from £2k up to 25% of the business’ turnover with a maximum loan of £50k.
Countingup raises £4m to accelerate banking and accounting for small businesses
- 5 years 8 months ago
- Banking, Accounting
Countingup, the business current account that automates your accounting, has received the backing of leading fintech investors. The London-based startup has raised £4m in a bridge round of financing led by ING Ventures with co-investment from Triple Point, CVentures and BiG Start Ventures. All are backing the company’s vision to be the one financial hub for 1m small businesses. In the two years since Countingup launched, it now boasts more than... more
Conferma Pay and Visa to launch Virtual Card Payments Globally via Mobile App
- 5 years 8 months ago
- Payments, Online Banking
Fintech leader Conferma Pay has teamed up with Visa to integrate Visa virtual cards in the Conferma Pay mobile app. This solution is now globally available to Visa’s commercial bank clients, allowing them to bring the Conferma Pay app to their corporate customers as part of Visa’s broader technology offering.
Tata Consultancy Services’ SaaS Banking Solution will Provide the Bank with a New Digital Core to Leverage Ecosystems, Launch New Services and Grow its Customer Base
Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting, and business solutions organization, announced that Continental Bank in the US has selected TCS BaNCS™ Cloud for Banking to digitally transform its business.
Temenos Awarded the Highest Status in Aite’s Matrix Evaluation of Investment and Fund Accounting Systems
- 5 years 8 months ago
- Banking, Accounting
Temenos (SIX: TEMN), the banking software company, today announced that the Temenos Multifonds Global Accounting product has been awarded ‘best in class’ status in Aite Group’s Matrix Evaluation of Investment and Fund Accounting Systems.
British Business Bank Announces Nine New Lenders Under the Coronavirus Business Interruption Loan Scheme
Today the British Business Bank has announced that it has approved nine new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS), bringing the total number of CBILS lenders to over 60. New lenders Assetz Capital, Atom bank, Ebury, Fleximize, Investec, Social Investment Business, Tower Leasing, Ultimate Finance and White Oak UK, will be able to provide financial support to smaller businesses across the UK that... more
