Sberbank Pulls out of Europe as Austrian Entity Fails
- 3 years 4 months ago
- Banking
Sberbank has announced it has been forced to pull out of the European market, after it said it faced large outflows of cash in the region as well as threats to the safety of its employees and branches. The bank, Russia’s biggest lender, said its European subsidiaries had faced “abnormal cash outflows”, meaning it could no longer supply them with liquidity. However, Sberbank said it had sufficient capital to be able to make payments to all of its... more
04/03 – Weekly Fintech Recap
- 3 years 4 months ago
- Artificial Intelligence, Digital banking, Open Banking, RegTech, Payments, Banking, Data, FinTech StartUps, IT Innovations, M&A Deals, People Moves
Partnerships LendingUSA introduces FastScreen customer prescreen toll for the funeral home industry in partnership with TransUnion
SmartBank Selects nCino to Increase Speed and Simplify Commercial Loans
Community bank chooses nCino’s robust, single platform to best serve its community
Fintech Delio Secures $8.3m Growth Funding Led by Octopus Ventures to Connect Private Markets on a Global Scale
- 3 years 4 months ago
- Alternative Finance
Investment was led by Octopus Ventures and supported by early-backers Maven Capital Partners, bringing Delio’s total equity funding to $15.5m Delio’s white-label technology helps financial institutions like Barclays and UBS to share and manage private markets investment opportunities through a series of digital hubs
Gulf Capital Accelerates Investment Pace in Egypt With Over EGP5 Billion Invested in the Country to Date and Announces New Office Opening
- 3 years 4 months ago
- Investment, Alternative Finance
Gulf Capital, a leading thematic alternative investment firm in growth markets, announced today that it has opened an office in Cairo to further seek investment opportunities in the fast-growing Egyptian and African markets. The office will be headed by seasoned investor Miray Zaki, the prior Chief Investment Officer of the Sheikh Zayed Al Nahyan Foundation and previously with the Abu Dhabi Investment Authority (ADIA), and Fady George, who joins... more
LHV UK Selects Tuum as Core Banking Platform Provider to Accelerate Product Development & Future-Proof Operations
- 3 years 4 months ago
- Core Banking
Tuum, the next-generation core banking platform, today announces that it has been selected by LHV UK, the fintech-focused bank and payment services provider, to provide the core infrastructure for the entirety of LHV UK’s banking operations.
Insufficient Investment, Skills and Data Causing Significant Challenge to Global Banks and Insurers' Efforts to Quantify Cyber Risk Says ORX
- 3 years 4 months ago
- Investment, Banking, Data
Cyber is one of the top risks facing the financial services industry, but organisations are still working out the best way to quantify it, according to a report by ORX, the world’s largest association of operational risk professionals. 30 major global banks and insurers took part in the latest ORX Cyber study: ‘Cyber risk management: The journey to cyber risk quantification’, which provides insights into current practice, challenges and the... more
FinovateEurope Returns to London with Showcase Event Featuring Cutting-Edge Fintech Solutions
- 3 years 4 months ago
- Banking, IT Innovations, Financial
- Informa’s 2022 FinovateEurope Conference returns to the InterCont
TSB Partners With Farewill to Offer Customers Simple and Affordable Wills and Probate Services
- 3 years 4 months ago
- Banking
Three in five (over 30 million) UK adults do not currently have a will TSB partners with Farewill to empower customers to take control of their finances and protect their loved ones Customers will be able to write a will in as little as 15 minutes and at a 10 percent discounted rate - half the cost of traditional providers TSB customers also have a five percent discount on Farewill’s probate services, saving time, money and... more
Temenos Named a Leader for 12th Time in Gartner® Magic Quadrant™ for Global Retail Core Banking
- 3 years 4 months ago
- Banking
Positioned furthest for ‘completeness of vision’ in the Leaders’ quadrant
7 in 10 Business Account Holders Have Never Switched Business Bank Providers
- 3 years 4 months ago
- Banking
3 in 5 (60%) business account holders have their business account with the same provider as their primary personal account
High Street Bank Ramps Up Anti-fraud Efforts as It Registers Under the Contingent Reimbursement Model (Crm) Code
Virgin Money, the UK’s sixth largest bank, is the latest firm to become fully registered to the Contingent Reimbursement Model Code (the CRM Code) – a voluntary standard overseen by the primary self-regulatory body of the financial services industry, the Lending Standards Board (LSB). The CRM Code sets out protections to prevent, detect and mitigate Authorised Push Payment (APP) scams. It also stipulates that firms should reimburse customers who... more
First Sustainable Wallets Launched to Reduce Carbon Emissions from Checkout Payments
- 3 years 4 months ago
- Banking
HELPFUL, in partnership with Railsbank, has launched digital branded wallets that make checkout payments more affordable for businesses and better for the planet HELPFUL wallets combined with open banking to offer a payment method that can save up to 80% on CO2 emissions from each transaction It's estimated that 75% of all global payment transactions by 2026 will be done by open banking direct payments, with a projected market value of $116b
Lloyds Banking Group and Bink Partner to Create a New Channel for Retailers to Reach Millions of Loyalty Customers
Lloyds Banking Group has entered a strategic partnership with fintech Bink. Together they will transform the way customers of the bank’s retail brands are able to connect with retailers and their reward and loyalty programmes. Bink’s technology links a customer’s payment cards to participating retailers’ loyalty and customer engagement programmes. This ensures customers are identified and rewarded by retailers every time they shop with their... more
PACE Anti-Piracy Raises the Bar in White-Box Encryption Protection for Bank, PSP, and Payment Scheme Applications
- 3 years 4 months ago
- Banking
Next-gen ‘White-Box Works’ code generator launches complete with EMVCo Software-Based Mobile Payment security evaluation certificate Banks, payment service providers (PSPs), schemes, and other financial institutions can now benefit from a uniquely high level of sensitive data protection and application attack resistance, following today’s launch of White-Box Works, a next-generation EMVCo-evaluated White-Box code generator, from PACE Anti-Piracy...
