Coop Norge Selects Knowit and Mambu to Modernize Core Banking Platform
- 18 hours 31 min ago
- Core Banking
Coop is owned by 57 independent cooperatives with a combined membership base of over 2.3 million individuals. Each member is required by law to make a membership deposit when joining a cooperative, and may also make voluntary deposits which earn interest. These accounts are a cornerstone of Coop’s member offering, and the new core banking system will ensure they are managed with security, transparency, and scalability.
Bank of Algeria Joins PAPSS Network, Accelerating Financial Integration in Africa as Algeria Prepares to Host IATF 2025
- 1 day 17 hours ago
- Banking
The Pan-African Payment and Settlement System (PAPSS) launched by African Export-Import Bank (Afreximbank) in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, has officially welcomed the Bank of Algeria into its growing network. Algeria now becomes the 18th country of presence for PAPSS, marking a significant step in advancing Africa’s journey towards deeper financial... more
British Business Bank Agrees ENABLE Guarantee Transaction of up to £300m with Close Brothers
- 1 day 17 hours ago
- Banking
The British Business Bank has agreed a transaction of up to £300m with Close Brothers under the ENABLE Guarantees programme, unlocking significant additional lending capacity. The transaction will support a portfolio within Close Brothers Asset Finance, covering hire purchase, sale and hire purchase back and leasing facilities. Asset finance plays an important role for UK smaller businesses, with the market reaching a record £23.5bn in 2024.
Big Fintechs Are Holding Community Banks “to Ransom” over Customer Data, Warns Fintech CEO
- 4 days 17 hours ago
- Banking
The fintech sector’s outrage at plans to ditch open banking rules is “totally hypocritical,” says Adam Turmakhan, CEO of TurmaFinTech, who argues providers have been holding US community banks “to ransom” over their customer data for years. Turmakhan’s intervention follows reports that the CFPB will propose a new version of open banking rules following the fintech sector’s fury at plans to scrap them altogether.
Mambu's Cloud Banking Platform Powers OYAK ANKER Bank's Full-Scale Core Migration
- 5 days 13 hours ago
- Core Banking
Leading cloud banking platform Mambu today announced that OYAK ANKER Bank GmbH has successfully completed a comprehensive, full-stack modernisation and migration of its core banking systems to the Mambu platform, making it one of Germany's most ambitious digital transformation projects, spearheaded by Innovance.
Self-Made Success Adds Up: Small Businesses Exceed $1 Billion in Managed Deposits in Relay
- 5 days 19 hours ago
- Banking
Relay—the small business banking and money management platform enabling peak profitability—announced that American small businesses have entrusted them with more than $1 billion in managed customer deposits through Thread Bank, Member FDIC. This milestone is a vote of confidence by the more than 110,000 self-made small business owners using Relay. As the banking platform on a mission to make every business great with money, Relay stands with... more
Lloyds Secures Contract to Provide Banking Services for Several Government Departments and Public Sector Organisations
- 6 days 15 hours ago
- Banking
Lloyds has won, after a competitive tender, a contract to provide banking services for several government departments and public sector bodies, including the Department for Transport, Driver and Vehicle Licensing Agency, HM Revenue & Customs and the Ministry of Housing, Communities and Local Government.
Tuum Selected by Uptex Bank to Power E-Banking Expansion in Middle East and Africa
- 6 days 17 hours ago
- Banking
Tuum, the leading next-generation core banking provider, has been selected by Oliver Business Development (OBD) Holding to power its newly licensed e-banking services in the Middle East and Africa (MEA) called Uptex Bank. The partnership marks Tuum’s first customer in the Middle East and reinforces its strategy to support innovation-led financial institutions in fast-growing, regulated markets.
Ubank Brings Clarity to Financial Chaos in New Campaign
- 1 week 16 hours ago
- Banking
Ubank has partnered with production agency Infinity Squared to launch our new campaign – ‘See Money Better, Do Money Better’ – bringing to life the invisible stresses of modern money management.
ClearBank Announces First Channel Partnership to Offer Innovative Banking and Payments Solutions With Leading Fintech Provider Algbra
- 1 week 18 hours ago
- Banking
ClearBank, the enabler of real-time clearing and embedded banking, today announces its first channel partnership with leading ethical FinTech, Algbra, to provide its trusted technology and services as part of Algbra Labs’ Fintech-As-A-Service offering. Through the partnership, Algbra will be able to offer ClearBank’s agency banking, faster payments and virtual account services to customers on its platform, helping them to expand their reach... more
84% of Consumers Would Switch Banks Over Financial Crime Links, ThetaRay Report Finds
- 1 week 1 day ago
- Banking
ThetaRay, a global leader in Cognitive AI financial crime compliance, today released its U.S. Banking & Fintech Trust Report 2025, offering new insights into consumer attitudes toward anti-money laundering (AML) practices. The report reveals that 84% of consumers would switch banks if linked to financial crime, and 87% would actively warn family and friends against using that institution.
The Co-operative Bank Selects 10x Banking to Power Next Century of Better Banking in New Zealand
- 1 week 1 day ago
- Banking
Co-operative Bank, the only customer owned bank in New Zealand to share profits with its customers, has become the first bank in New Zealand to select 10x Banking, the cloud-native core banking platform, to lead a multi-year project of core migration and digital transformation. The partnership will deliver leading core banking infrastructure for The Co-operative Bank (through a phased full-platform migration) which will position the bank for... more
Bank of Ireland Contactless Payments Rise in Q1 2025, ATM Transactions Fall
- 1 week 5 days ago
- Banking
Analysis of Bank of Ireland customer behaviour during the first three months of 2025 revealed that contactless payments rose while ATM usage was down compared to the same period in 2024.
OTP Bank Has Joined CLSSettlement as a Settlement Member
- 1 week 5 days ago
- Banking
CLS, a financial market infrastructure group delivering settlement, processing and data solutions across the global FX ecosystem, announced today that OTP Bank Plc. (OTP Bank), has joined CLSSettlement as a settlement member. The Hungarian credit institution is the second new settlement member to join this year, bringing the total number of settlement members to 75.
Wells Fargo Announces Expansion of Strategic Relationship With Google Cloud
- 1 week 6 days ago
- Banking
Wells Fargo and Google Cloud are excited to announce an expansion of their strategic relationship, which will transform how Wells Fargo uses and deploys agentic AI at scale. This expanded collaboration will equip Wells Fargo employees — including branch bankers, investment bankers, marketers, and customer relations and corporate teams — with AI agents and tools from Google Cloud.
