Sovcombank Launches ESG-linked Deposit for Corporate Clients
- 3 years 6 months ago
- Banking
Sovcombank has launched a new product for its corporate clients - a deposit linked to sustainable development goals (ESG deposit). EVRAZ has become its first depositor: its member company EVRAZ NTMK smelter has deposited funds with Russia's first ESG-deposit at Sovcombank. The funds will be used to finance projects in line with the UN Sustainable Development Goals (transformational, green and social projects).
British Business Bank Increases Simply’s Funding Line to Provide £300m of Funding to SMEs
- 3 years 6 months ago
- Banking
Today, the British Business Bank announces an increase to business lender Simply’s existing ENABLE Funding facility. In total, the facility will provide £300m of funding to SMEs across the UK. This is now the largest facility under the Bank’s ENABLE Funding programme, which aims to improve the supply of asset finance to the UK smaller business community.
Signzy strengthens C-Suite leadership in EMEA & APAC, enlists former PayPal India enterprise business head as Chief Growth Officer
~Siddharth Dhamija to help the startup scale BFSI transformation in the region~ Banking infrastructure enabler Signzy, announced the joining of Siddharth Dhamija as their Chief Growth Officer (CGO) to strengthen their global expansion across Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC) regions. The announcement follows Signzy’s recent entry into UAE and continued expansion of its C-suite leaders in the region.
Armstrong Bank Selects nCino Platform Across Multiple Lines of Business
Community bank chooses nCino’s cloud-based, single platform to streamline lending, account opening, and client engagement
PV Specialist KLARSOLAR Chooses SWK Bank as Financing Partner
- 3 years 6 months ago
- Banking
In order to support its customers in buying their own photovoltaic system, klarsolar is now cooperating with the digital financing specialist SWK Bank. This makes it easy for people without savings to get their own PV system on their roof and thus support the energy transition.
New Survey Shows Widespread Intercompany Issues Impacting Corporations’ Business, Finance and Accounting Operations and Only Getting Worse
- 3 years 6 months ago
- Banking
Nearly Two-Thirds Report Intercompany Issues Increase Employee Stress with 90% Reporting All-Nighters to be a Regular Occurrence
Fnality Reveals Intraday Liquidity Savings for Wholesale Banks of up to 70% as it Prepares to Roll out blockchain-powered Payment System Globally
- 3 years 6 months ago
- Blockchain, Banking
Fnality has developed a first-of-its-kind solution to the significant fragmentation in cross-currency interbank payments ‘Fnality Participant Simulator’, created with FNA, has estimated the daily liquidity requirements reduction for banks when consolidating multiple existing payment rails into Fnality’s payment system Potential intraday liquidity savings for participant wholesale banks was found to be between 33% - 70%, reducing funding costs... more
Sustainability, BaaS and Embedded Finance Investments Priorities for Banks in 2022
- 3 years 6 months ago
- Banking
A new independent survey of more than 250 UK banking and financial services companies has revealed how recent technology trends have influenced their long-term strategies:
Signzy Enlists Former PayPal India Enterprise Business Head as Chief Growth Officer
~Siddharth Dhamija to help the startup scale BFSI transformation in EMEA and APAC~ Banking infrastructure enabler Signzy, announced the joining of Siddharth Dhamija as their Chief Growth Officer (CGO) to strengthen their global expansion across Europe, Middle East, and Africa (EMEA) and Asia-Pacific (APAC) regions. The announcement follows Signzy’s recent entry into UAE and continued expansion of its C-suite leaders in the region.
New Research Reveals the Banking and Payments Habits of UK Consumers
· Mobile banking tops the way most consumers bank today (71%), compared to just 15% in 2014
Temenos Expands Collaboration with Microsoft to Meet Growing Demand for the Temenos Banking Cloud
Temenos working with Microsoft on SaaS and Green Cloud initiatives in financial services built on Microsoft Azure Temenos, the banking software company, announces it is expanding its strategic relationship with Microsoft to meet the growing demand from banks for SaaS and banking services delivered by The Temenos’ Banking Cloud.
Path Solutions Is Announced Winner in 3 Categories for the 2021 Fintech Prize
- 3 years 6 months ago
- Islamic Finance
We are delighted to announce that Path Solutions was ranked highly and named a winner in three categories among top firms worldwide at the recently held Fintech Prize 2021 on December 1st via a virtual ceremony over YouTube: - Path Solutions was named Best Islamic Fintech Solution Provider Of The Year, for second time in a row. - IFIN Services, a joint venture between IFAAS and Path Solutions was selected Islamic Fintech Startup Of The Year.
MODIFI Announces 145m USD to Power International SME Trade Among Supply Chain Turmoil
Global fintech MODIFI today announced 145m USD in debt financing with existing bank partners Silicon Valley Bank and Solarisbank. The funds will be used to address increasing demand and help more small and medium-sized enterprises trade internationally on MODIFI's digital platform.
FSS and CSB Bank Launch Smart Cash to Boost Financial Inclusion
FSS (Financial Software and Systems)), a globally leading provider of integrated payment products and a payments processor, and CSB Bank, one of the oldest private sector banks in India, have joined forces to deliver hyperlocal banking services to financially underserved segments. Under the aegis of this partnership, CSB Bank and FSS plan to open 1,000 Smart Cash franchisees in semi-urban and rural areas across India to expand financial services... more
Malaysia’s KAF to Launch Digital Lending on the Temenos Banking Cloud
Temenos enables KAF to offer conventional and Islamic financing on a single platform and extend to full digital banking in the future Temenos (SIX: TEMN), the banking software company, today announced that KAF, a well-diversified financial services conglomerate in Malaysia, has selected the Temenos Banking Cloud to launch a digital lending business. KAF will use Temenos Banking Services for retail loans and Islamic financing delivered on the... more
