BVNK Acquires UK-Licensed E-Money Institution to Accelerate Expansion
- 3 years 3 weeks ago
- Banking
BVNK, the next-generation payments platform for global businesses, today announces it has acquired UK fintech, System Pay Services Limited (SPS Ltd), to accelerate expansion. SPS Ltd is registered as an EMI (Electronic Money Institution) in the UK and offers a one-stop payment solution for businesses — providing e-money services, e-wallets, and multi-currency accounts for merchants to make, receive, and process payments.
Survey Shows Britons Desire to Increase Trade with European Union to Combat the Cost-of-living Crisis and International Conflict
- 3 years 4 weeks ago
- Banking
Research announced today shows that Britons, in direct contrast to the Brexit vote in 2016, are keen to increase trade with all European countries. A study of over 1,000 Britons commissioned by iBanFirst, a global financial service provider across banking borders, and conducted by BVA, reveals that over 8 in 10 (80%) UK citizens desire to increase trade with all European countries, whilst just over half (52%) want to increase trade... more
ClearBank Ltd. Reaches Profitability as Revenue Climbs to Over £45M
- 3 years 4 weeks ago
- Banking
ClearBank Ltd., the enabler of secure accounts, real-time clearing, and Embedded Banking for financial institutions, today announced that it has reached profitability. ClearBank Ltd. has generated £45.4m in revenue YTD and from October has reached monthly profitability in the UK.
11th Global Islamic Microfinance Forum Successfully Concluded in Dubai – United Arab Emirates
- 3 years 1 month ago
- Islamic Finance
11th Global Islamic Microfinance Forum was successfully concluded at Metropolitan Hotel Dubai, UAE under the patronage of AAOIFI Bahrain. The purpose of that forum was to promote, strengthen and unite the organizations of Islamic microfinance (IsMF) with the theme of financial Inclusion, outreach strategies & innovations. Eminent Speakers and industry professionals from well-serving organizations related to Microfinance, Islamic microfinance... more
Atom Changes its Serviceability Criteria to Support More SMEs
- 3 years 1 month ago
- Banking
Atom bank, the UK’s first app-based bank, has today revamped its serviceability criteria for both variable and fixed rate commercial mortgage products as it looks to improve access to finance and challenge the high street lenders.
Use of External Finance Down Across the UK But Signs of Growth in Regional Equity Finance Markets
- 3 years 1 month ago
- Banking
The British Business Bank’s second annual Nations and Regions Tracker, published today, finds usage of external finance has fallen overall across the UK, as nine out of the twelve regions saw a drop in use of small business finance. In addition, 38% of smaller businesses were using external finance in the second quarter of 2022, down seven percentage points from 45% a year earlier. Core debt products remain the most used and widely available... more
New Report by BPC and Fincog Offers Insights for Banking Players Interested in the Middle Eastern Digital Banking Market
- 3 years 1 month ago
- Banking
Global payment leader BPC and strategy consultancy firm Fincog today announced the launch of a new report on the digital banking market of the Middle East, with a particular focus on the countries of the Gulf Cooperation Council (GCC).
Azentio Software wins Excellence in Islamic Banking Solutions Award at Finnovex Saudi Arabia 2022
- 3 years 1 month ago
- Islamic Finance
Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, announced today that it has won the ‘Excellence in Islamic Banking Solutions’ award at Finnovex Saudi Arabia 2022, for the Azentio ONEBanking Islamic Software Suite, industry-leading technology and best-selling Islamic core banking suite globally.
18/11 – Weekly Fintech Recap
- 3 years 1 month ago
- Artificial Intelligence, Payments, Banking, FinTech StartUps, M&A Deals, People Moves
Partnerships HSBC and Wells Fargo Expand DLT Solution to Include Offshore Yuan
How Banks and Credit Unions Can Prepare for a Recession
- 3 years 1 month ago
- Banking
Banks and credit unions should be preparing themselves now for the challenging economic environment ahead. Unlike 2008, this potential recession will be radically different due to the increased supply of cash, rising inflation and interest rates, job openings, and wage inflation. Yet, banks and credit unions can’t afford to make the same mistakes. White Clay outlines three ways financial institutions can rise above challenges, remain resilient,... more
iBanFirst Announces Closing of Acquisition of Cornhill, the UK-based FX Provider, to Establish itself as a Key Player in the Most Dynamic Market in Europe
- 3 years 1 month ago
- Banking
Global financial services provider, iBanFirst, announces today the closing of its acquisition of Cornhill, a UK-based FX provider. The announcement follows the authorisation of the acquisition by the Financial Conduct Authority (FCA).
Mahalo Banking Names Ken Kondo Chief Innovation Officer to Expand Digital Strategies
- 3 years 1 month ago
- Banking
Mahalo Banking, a CUSO that provides online and mobile banking solutions for credit unions, today announced that Ken Kondo, former Vice President of Software Development, has been promoted to Chief Innovation Officer (CIO). This leadership appointment supports the company’s commitment to continuous digital banking innovation.
Only 11% of U.S. Banks are Currently Well-Positioned to Pursue Growth, According to New Research from The ROIG Group
- 3 years 1 month ago
- Banking
A small number of U.S.
Jack Henry Supports Cornerstone Bank in Strong Loan Growth
- 3 years 1 month ago
- Banking
Jack Henry™ and Cornerstone Bank announced today that Cornerstone Bank has experienced significant loan growth backed by Jack Henry’s sophisticated digital loan-origination platform.
Tennessee-Based Bank Selects Teslar Software to Support Strategic Growth
- 3 years 1 month ago
- Banking
Southern Bank of Tennessee and Teslar Software today announced their partnership to strengthen the bank’s lending strategy, boosting automation, efficiencies and transparency across the organization. The community bank plans to leverage Teslar’s technology to support their growth goals, which includes increasing their portfolio by over 10% each year.
