20/03 – Weekly Fintech Recap
- 3 years 3 days ago
- Artificial Intelligence, Payments, Banking, FinTech StartUps, M&A Deals, People Moves
Partnerships AllianceBernstein Selects Aiviq for Client AUM and Flow Data Products and Services
For CFOs, Paystand Adds New Treasury Offerings for Managing Cash in the Wake of Bank Failure
- 3 years 1 week ago
- Banking
On Thursday, March 9, 2023, tens of thousands of companies that had all of their assets in Silicon Valley Bank (SVB) accounts went into a state of panic. Cash they depended on to make payroll and pay critical bills disappeared, as the 16th largest bank in the United States by assets defaulted.
Xapo Bank Integrates with Faster Payment System, Unlocking 24/7- 365 Zero-Fee Fund Settlement in Great British Pounds (GBP)
- 3 years 1 week ago
- Banking
Xapo Bank, a leading Bitcoin custodian and licensed private bank, today announced that it has integrated with the Faster Payment System (FPS) to offer 24/7 - 365 zero-fee fund settlement in the United Kingdom and overseas territories.
BankiFi and Financielle Launch Playbook Helping Business Owners Get Time Back
- 3 years 1 week ago
- Banking
Manchester-based fintechs, BankiFi and Financielle have announced the joint launch of a new playbook for small-to-medium-sized enterprises (SMEs), giving business owners back their most valuable asset - time.
7th Edition Connected Banking Summit East Africa - Innovation & Excellence Awards 2023 Concludes with Resounding Success
- 3 years 1 week ago
- Banking
The Summit brought together the best and brightest minds in the banking, financial services, fintechs and techfin sectors. The event, which took place on 7th March 2023, featured insightful speakers, award-winning companies, and top-notch sponsors.
HSBC acquires Silicon Valley Bank UK Limited
Strategic acquisition to strengthen HSBC’s banking franchise in UK HSBC Holdings plc announces that its UK ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1.
Banking Aggregation and Payment Automation Platform Numeral Launches in the UK
- 3 years 1 week ago
- Banking
Numeral announces its launch in the UK, with the support of SEPA, Bacs, and FPS payments for UK fintech companies. The news follows integrations with UK banks Lloyds bank, Barclays, and HSBC as well as the recent appointment of Victor Mithouard as Vice President, Growth, and the company's first executive in the UK.
13/03 – Weekly Fintech Recap
- 3 years 1 week ago
- Open Banking, Payments, Banking, FinTech StartUps, M&A Deals, People Moves
Partnerships Aevi Selects OvationCXM to Transform Digital Payment Customer Experience
The SVB Collapse and Rising Concern Among the UK Startups
- 3 years 1 week ago
- Banking
The authorities in California shut down Silicon Valley Bank (SVB) due to a liquidity crisis that caused customers to withdraw their funds. This event has caused concern among UK startups that have accounts with SVB's UK subsidiary, as it is the largest bank failure since the 2008 financial crisis. However, SVB UK has stated that it is still conducting business as usual, processing payments and funding loans for its UK clients.
Orion Innovation Acquires Banktech Software Services
- 3 years 1 week ago
- Banking
Orion Innovation (“Orion”), a leading digital transformation and product development services firm, today announced the acquisition of
Fintech Pioneer Railsr Announces Sale to Consortium led by D Squared Capital
- 3 years 1 week ago
- Alternative Finance
Railsr, the embedded finance platform, has today announced that it has been purchased and re-capitalised by a consortium, led by D Squared Capital, and that a change of control has been agreed with the Financial Conduct Authority in the UK. This ensures business continuity for Railsr's customers, and more than five million end-users. Railsr will remain headquartered in the City of London.
HMBradley Partners with Thought Machine to Usher in the Future of Banking
- 3 years 2 weeks ago
- Banking
HM Bradley, Inc (“HMBradley”), a financial technology platform built to reward savers, today announced a strategic partnership with Thought Machine, a leading provider of banking technology. The partnership enables HMBradley to eliminate its waitlist and open new accounts for the first time in over 16 months. HMBradley has also partnered with New York Community Bank, a division of Flagstar Bank, N.A. (“NYCB”), which will maintain the customer... more
94% of Banks Eyeing Investment in Modern Payment Tech, to Keep Pace with Fintech Innovation
- 3 years 2 weeks ago
- Banking
Aite-Novarica Group research reveals that payments is an important area of growth and innovation within the commercial banking space, and legacy systems cannot support end-user demand for better payment capabilities. Almost half of banks surveyed say fintechs, which typically provide a smooth customer experience, have already taken at least 10% of their payments volume. Recognizing this trend, the majority of banks globally are investing in... more
Sella Group Launches Global Acceleration Program for Agritech Startups
- 3 years 2 weeks ago
- Banking
The international acceleration program "AG 4 Future Food", promoted by the Sella group and implemented by its Venture Incubator dpixel, starts today. It aims to identify and support startups capable of developing innovative, economically sustainable, accessible and efficient solutions and technologies within the agri-food chain.
SmartSave Bank Hits £1B in Deposits
- 3 years 2 weeks ago
- Banking
SmartSave Bank, a disruptive savings platform created by UK bank Chetwood Financial, has now received more than £1 billion in deposits. SmartSave offers fixed-term, fixed-rate savings accounts, all of which are FSCS protected. Customers can deposit between £10,000 and £85,000, and they start earning interest as soon as they transfer money into their savings account.
