Recognise Hit £100M in Lending and £95M in Savings Deposits Just Six Months After Full Banking License - Fresh Investment will Support Accelerated Digital Development Through the Creation of a New Innovation Team
- 4 years 1 month ago
- Banking
Challenger bank, Recognise Bank, will benefit from £8.7 million in new capital following the latest successful round of fund raising announced today by the City of London Group (CoLG), the Bank’s parent company. This means CoLG has so far raised almost £65 million in investment during its mission creating a new business bank for UK SMEs.
Coordinated Lines of Defence Key to Combatting Payment Fraud, Says New Deutsche Bank Paper
Deutsche Bank’s latest paper explores the importance of close collaboration between corporates, banks and technology providers to build a collaborative and robust defence against payment fraud. Today, Deutsche Bank launches its latest whitepaper – “A corporate’s guide to payment fraud prevention” – which highlights the increasing need for corporates, banks and technology providers to work hand-in-hand to determine and address areas of... more
Temenos Appoints New President for Americas
- 4 years 1 month ago
- Banking
Temenos AG today announced the appointment of Roman Bartik as President Americas to accelerate and scale expansion in the region. Roman will be responsible for all day-to-day operations, strategy and profitability in North and South America, effective immediately. Roman joins the company’s management board and reports to Temenos’ President and Chief Revenue Officer, Erich Gerber.
Tide Partners with Plumm
- 4 years 1 month ago
- Banking
Prioritizing mental well-being in the new era of the hybrid workplace, the UK's leading business banking platform, Tide, has partnered with the UK based mental health services provider Plumm to launch a global mental well-being platform for its employees and their family members.
AWS Financial Services Competency Status Serves as a Guide for GFT’s Clients
Cloud has moved from leading edge to the baseline of banking success. A recent GFT survey revealed that 95% of banks adopt cloud to improve time to market, while 86% of them do it to improve innovation and scalability. Although these objectives might seem ambitious, they are achievable if the transition to cloud is regarded as an opportunity to re-imagine systems and applications.
13/05 – Weekly Fintech Recap
- 4 years 1 month ago
- Digital banking, Banking, FinTech StartUps, IT Innovations, M&A Deals, People Moves
Partnerships Buckaroo Partners with SurePay to Offer the Confirmation of Payee Solution to their Netherlands Customers
Monoova and TrueLayer to Launch data-enabled Payments in Australia Using the Consumer Data Right
- 4 years 1 month ago
- Open Banking, Banking
Monoova and TrueLayer will work together to launch data-enabled payments using the Consumer Data Right (CDR) to access open banking data in Australia TrueLayer will facilitate the local open banking connectivity of Monoova’s payments platform to use CDR for consented financial and identity insights to create smarter payments that offer a better customer experience
Griffin Submits Application for UK Banking Authorisation -- Major Milestone in Building a Developer-friendly Bank for Fintechs
- 4 years 1 month ago
- Banking
Today, Griffin – a UK Banking-as-a-Service (BaaS) fintech – announces the completion of an important step in its application for a banking licence. Griffin has submitted its application to the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).
Nordigen Introduces a New No-code Integration for their AIS Solution, Lowering Barriers to Entry
- 4 years 1 month ago
- Banking
The world’s only freemium open banking platform,
SHB Selects Temenos to Deliver Seamless Omnichannel Banking
- 4 years 1 month ago
- Banking
Temenos, the cloud banking platform, today announced that Saigon-Hanoi Bank (SHB) has selected Temenos to accelerate its digital transformation. SHB is one of the largest joint-stock commercial banks in Vietnam, serving more than five million individual and corporate customers.
Northern Trust Enhances Onboarding Journey for Investors in Private Capital Funds
- 4 years 1 month ago
- Banking
Northern Trust is looking to enhance the onboarding process for investors in private capital funds through a collaboration with Fenergo, a leading software provider focused on client lifecycle management (CLM). The new capability is part of Northern Trust’s digital innovation program to support private capital fund managers and their underlying investors.
New Economist Impact Report Commissioned by WSO2
- 4 years 1 month ago
- Banking
In a global survey of 300 C-suite banking industry executives, 54% say their financial institutions have faced greater competition over the past three years from digital alternatives while 47% of UK respondents found this to be the case. However, these executives also indicate that they are better positioned to compete. Notably, 85% of respondents reported that they have, to some extent or more, the necessary technological tools to create new... more
Oxford’s Smith School of Enterprise and the Environment announces Public and Private Sector Collaboration with Bank of America to Tackle Climate Change and Transform Sustainability in Financial Services
- 4 years 1 month ago
- Banking
Bank of America pledges £1.2m to the University of Oxford to support ground-breaking greenhouse gas removal and sustainable finance research at the Smith School of Enterprise and the Environment. The collaboration will support 3 years of research focussed on 2 key areas and will also support a Director’s Research fund, that will enable the School to seize pioneering sustainable research opportunities.
Visa and Solarisbank Partner With Fintech FINOM to Launch Italy’s First Business Banking Accounts With Integrated E-voicing
- 4 years 1 month ago
- Banking
Solarisbank to provide customers with Italian IBANs and Visa debit cards ● Business accounts offer cashback of up to 3%, the highest rate in Italy ● FINOM’s 15,000 customers in Italy are now eligible for the new business accounts ● Accounts will help self-employed and sole traders to meet new regulatory requirements
