Ethoca to Bring Digital Receipts to Consumers through Collaboration with Microsoft
Ethoca, a Mastercard company, today announced an expansion of its collaboration with Microsoft that will bring Microsoft customers simple access to their digital purchase receipts through their banks’ mobile applications, enabled with Ethoca’s Digital Receipts service.
Three Largest European Digital Banks Hit $1.9bn in Overall Fundraising
- 5 years 1 month ago
- Banking
Recent years have witnessed an incredible growth of digital banks, with millions of customers turning their backs on traditional high-street financial institutions. These apps or web-based banks changed the way people handle and manage their money by offering a line of mobile banking services that can be used entirely from smartphones. The increasing popularity of such streamlined financial transactions captured the attention of investors, as... more
Compass Plus boosts market position following successful migration for Network International Egypt
- 5 years 1 month ago
- Payments, Banking, Infrastructure
Compass Plus marks a milestone in its long-term relationship with Network International, the leading enabler of digital commerce in the Middle East and Africa (MEA). Following the successful migration of Network’s 12 Egyptian issuer processor clients (banks) to Compass Plus software from legacy infrastructures in 2019, Compass Plus is looking to apply its experience and expertise to similar projects globally.
Equiniti Credit Services enters mortgage market with Hodge Bank win
- 5 years 1 month ago
- Banking
Equiniti Credit Services (EQCS), the UK’s leading consumer credit technology and outsourced services provider, has been chosen by Cardiff-based bank, Hodge, to create a flexible digital mortgage servicing solution. This latest client win is significant for EQCS and marks its move into the mortgage market for the first time.
Avaloq and ACTICO expand strategic partnership to prevent financial crime
- 5 years 1 month ago
- Banking, AML and KYC
Avaloq, a global leader in innovative software solutions for banks and wealth managers, is expanding its existing partnership with ACTICO, a leading international provider of software for intelligent automation and digital decisioning. The two companies are integrating the ACTICO Compliance Suite into Avaloq's software solutions for banks and wealth managers, making it easy for Avaloq's clients to use the new compliance offering as a... more
Worldline partners with Meniga to boost digital customer engagement with new personalised banking features
- 5 years 1 month ago
- Banking
Worldline [Euronext: WLN], the European market leader in payment and transaction services, signed a partnership agreement with Meniga, the London-headquartered fintech and provider of digital banking technology. The collaboration is aimed at increasing digital customer engagement through the creation of personalised banking features.
Investment Priorities of African Banks and Merchants Revealed in 2020 Digital Payments Survey
OpenWay, a global vendor of digital payment software, partnered with technology analyst house Ovum (now Omdia) to conduct the 2020 Digital Payments in Africa survey. Key retail banks and merchants in East, West and Southern Africa took part to provide a glimpse into the retail payment landscape of Sub-Saharan African region.
Starling Bank supporting small businesses through the Coronavirus Business Interruption Loan Scheme
- 5 years 1 month ago
- Banking
Starling, the digital bank, has been accredited by the British Business Bank as a lender under the government-backed Coronavirus Business Interruption Loan Scheme (CBILS). This will enable it to provide term loans between £5k and £250k to small and medium-sized enterprises (SMEs) that are struggling financially as a result of the coronavirus emergency. Starling will shortly confirm the date from which it will be ready to start receiving CBILS... more
British Business Bank announces new lenders under Coronavirus Business Interruption Loan Scheme
- 5 years 1 month ago
- Banking
Today the British Business Bank has announced that it has approved four new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS) - The Co-operative Bank, Cynergy Bank, OakNorth Bank and Starling Bank. Following their approval, each lender will be putting in place the operations required to start lending under the scheme and will confirm shortly the dates from which they will be ready to start receiving CBILS... more
Privitar Closes $80 Million Series C Funding Round Led by Warburg Pincus
- 5 years 1 month ago
- Banking, Security, Data, FinTech StartUps
Privitar, the leading data privacy platform provider, today announced that it has completed an $80 million Series C funding round led by Warburg Pincus, a global private equity firm focused on growt
Tide adds clarity to government cash for businesses with Eligibility Tracker
- 5 years 1 month ago
- Banking
Tide, the UK’s leading business banking platform[1], has today announced the launch of its Coronavirus Government Support Eligibility Checker to help SMEs get access to the financial aid they need during this time of crisis.
Appian Helps Banks Automate Lending under the CARES Act Payment Protection Program (PPP)
Appian (NASDAQ: APPN) today announced an application that enables banks to accept and manage PPP loan applications from small businesses, support their unique servicing requirements, and ensure compliance for Payment Protection Program loans under the new CARES Act. The new application can be live in just days, and can be quickly extended with advanced automation features including RPA and AI-powered intelligent document processing. Appian will... more
Temenos smooths banks transition from London Interbank Offer Rate (LIBOR) to Risk-Free Rates (RFRs)
- 5 years 1 month ago
- Banking
Temenos (SIX: TEMN), the banking software company, announced the availability of its updated banking software products to ease banks’ transition from the London Interbank Offered Rate (LIBOR) to alternative Risk-Free Rates (RFRs), which is mandated by year-end 2021. Temenos software covers the full range of banking products that can be linked to the global benchmark including corporate loans, floating-rate notes, and interest-rate swaps.
Global banking technology leader Avaloq to reach net zero emissions by Q3 2020
- 5 years 1 month ago
- Wealth Management, Banking
Avaloq, a global leader in digital banking solutions and wealth management technology, is on track to reach net zero emissions by the third quarter of this year, one of a number of significant targets the firm is announcing as part of its first CSR programme. Avaloq is also on track to be using 100% renewable energy for its global operations by Q3 as it looks to lead the financial technology sector in its approach to climate change and meeting... more
Temenos Wins Google Cloud Technology Partner of the Year Award for Financial Services
- 5 years 1 month ago
- Banking
Temenos (SIX: TEMN), the banking software company, today announced it has been recognized by Google Cloud as its Technology Partner of the Year in Financial Services. This prestigious award recognizes Temenos’ commitment to innovation in helping financial services organizations run mission-critical banking software and applications on Google Cloud, create profitable business models, and differentiate customer experiences.
