Zelig Advises Arex Markets on Sale to Bankable
- 3 years 3 months ago
- Banking
Zelig is delighted to announce that it acted as sole financial advisor to Arex Markets on its sale to Bankable. This transaction gives the combined company the ability to offer new Credit-as-a-Service functionalities to its customer base and to embed the provision of credit and working capital into the payment flows of established neobanks, multinational brands and fintech platforms.
SAP Fioneer Launches Tailored SME Banking Offering
- 3 years 3 months ago
- Banking
SAP Fioneer, a leading global provider of financial services software solutions and platforms, has announced the launch of its Fioneer SME Banking Edition. The solution will enable banks and neobanks to offer banking capabilities in a digital-first and data-driven approach, tailored to the financial needs of small and medium-sized enterprises (SMEs) – a historically underserved market segment.
43 Banks Among Winners in the 2023 Infosys Finacle Innovation Awards
- 3 years 3 months ago
- Banking
Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, today announced the winners of the annual Infosys Finacle Innovation Awards 2023. 43 financial institutions from across the world were recognized for actively pursuing innovative strategies to differentiate themselves and maintain a competitive edge in the banking industry.
Crown Agents Bank Joins the World Economic Forum New Champions Community
- 3 years 3 months ago
- Banking
Crown Agents Bank, a market leader in B2B cross-border payments and foreign exchange, specialising in emerging markets, today announced it has joined the World Economic Forum’s (WEF) New Champions Community.
Banks Prejudiced Against SMEs Say 70% of Owners
- 3 years 3 months ago
- Banking
Nearly three-quarters of SMEs (70 per cent) say their bank actively discriminates against them in favour of larger companies, according to new research from HedgeFlows, a leading fintech platform. The findings were contained in a survey of 500 UK SME owners, conducted by independent polling agency Censuswide. The research quizzed industry chiefs about access to finance, support and tools for international expansion.
Cost-of-living Pressures Drive Consumer Adoption of Embedded Banking, Fuelling Brand Loyalty
- 3 years 3 months ago
- Banking
New research from Vodeno/Aion Bank has revealed how embedded banking adoption is significantly boosting brand loyalty for companies, with consumers more likely to use embedded banking products from brands as a result of the cost-of-living crisis.
GMEX ZERO13 and Zumo Collaborate on New Carbon Credit Offering for Banks and Corporates
- 3 years 3 months ago
- Banking
ZERO13, a GMEX Group initiative providing a digital climate fintech aggregation ecosystem, and Zumo, the B2B digital assets infrastructure, announce a collaborative solution targeted at banks and their corporate and institutional clients who are looking to account for the carbon footprint of their digital assets and any aspect of their value chain.
Citi TTS Selects Pismo to Enrich Global Demand Deposit Account Solutions
- 3 years 3 months ago
- Banking
Citi Treasury and Trade Solutions (TTS) and Pismo, the next-gen banking and payments software company, jointly announced their relationship in which Citi will use Pismo’s technology platform to help strengthen Citi’s corporate demand deposit accounts (DDA), to clients worldwide.
Spanish Banks Ahead of Global Trend for Rationalising Portals
- 3 years 3 months ago
- Banking
Digital business and IT services leader NTT DATA recently announced new global research into corporate banking, which has highlighted that increasing corporate demand for an omnichannel banking experience continues to grow, and so it is vital to rationalise the new and emerging technologies used to create that experience in order to keep banking inclusive.
IndusInd Bank Partners with Wise Platform to Bring Low-cost and Quick International Payments to India
- 3 years 3 months ago
- Banking
Wise Platform is very excited to announce our first Wise Platform bank integration in India with IndusInd Bank! The partnership will give non-resident Indians (NRI) living abroad faster, cheaper and more convenient international transfers to India, available directly in the Indus Fast Remit platform.
UK Small Business Equity Investment Declined 11% in 2022 Driven by a Downturn in Market Conditions in Second Half of the Year, as Ongoing Market Challenges Continue into 2023
- 3 years 3 months ago
- Banking
The total value of equity investment in the UK’s small businesses declined by 11% to £16.7bn in 2022, driven by a downturn in market conditions, reveals the British Business Bank’s annual Small Business Equity Tracker, published today. The total number of deals also saw a modest decline of 7%, falling from 2,912 in 2021 to 2,702, the first annual drop in equity deal volumes since the Beauhurst data series began in 2011.
Global Banks to Spend $57 Billion on Legacy Payments Technology in 2028, Impacting Costs and Limiting Growth
- 3 years 3 months ago
- Banking
According to a new study by IDC Financial Insights sponsored by Episode Six (E6), a global provider of enterprise-grade payment processing and digital ledger infrastructure, spending on legacy paytech is rising rapidly and damaging the growth prospects of banks around the world. Global financial institution (FI) spend on outdated payment systems is expected to climb to $57.1 billion in 2028 from $36.7 billion in 2022, with an average annual... more
Be Ready - Iliad Offers Testing Solution for Banks Signing Up to Federal Reserve’s FedNowSM Service
- 3 years 3 months ago
- Banking
Iliad Solutions, a global leader in payments testing, is offering support to financial institutions adopting the new FedNow Service to help them get ‘Service’ ready. The FedNow Service, due to go live in July, will give financial institutions across the US the opportunity to provide new, safer and efficient, instant payment services in real-time, 24/7. Testing is critical
Banks Admit to Losing 20% of Their Customers Due to Poor Customer Experience, Having Overlooked What Matters, New Study Reveals
- 3 years 3 months ago
- Banking
Global banks are losing one in five (20%) of their customers due to poor customer experience, having overlooked what truly matters, according to new research by 10x Banking.
Money 20/20: ‘Banks Called Upon to Support SMEs International Expansion, as 70% Abandon Overseas Plans’
- 3 years 3 months ago
- Banking
Banks need better cooperation with SMEs to grow the economy as 70 per cent of businesses have abandoned overseas expansion plans due to a lack of resources and support, according to industry experts at Money 20/20. Almost three quarters (72 per cent) of business owners feel their banks provide ‘very limited’ support around international finances, revealed the SME Empowerment Report from financial toolkit, HedgeFlows.
