Gatehouse Bank Receives Investment Grade Rating from Moody’s Investor Service
- 2 years 11 months ago
- Islamic Finance
Credit rating agency, Moody’s Investor Service, has today assigned Gatehouse Bank an investment grade credit rating of Baa3 BCA with a long-term stable outlook.
Temenos and Wipro Announce Global Strategic Partnership to Accelerate Digital Transformation in Banking
- 2 years 11 months ago
- Banking
Temenos and Wipro Limited announced an expanded partnership to help banks of every size accelerate their modernization journey. This expanded partnership will enable banks across varying scales to accelerate their go-to-market strategies in regions including the United States, the U.K and Australia.
Solarisbank Rebrands as Solaris
- 2 years 11 months ago
- Banking
European fintech platform, Solarisbank has recently announced that the company has changed its name to ‘Solaris’. The company noted that the rebrand represents its evolution. Amid the latest global expansion activities, the fintech platform has been able to grow its team to over 750 employees.
Al Sanam Islamic Bank Selects ICS BANKS Islamic Banking Solution from ICSFS
- 2 years 11 months ago
- Islamic Finance
Al Sanam Islamic bank, a newly-established Islamic bank in Iraq, has selected ICS BANKS Islamic Banking software solution from ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions.
24/07 – Weekly Fintech Recap
- 2 years 11 months ago
- Artificial Intelligence, Blockchain, Open Banking, Payments, Banking, FinTech StartUps, IT Innovations, M&A Deals, People Moves
Partnerships PayMate B2B Customers to Make Utility Bill Payments Using Visa Commercial Credit Cards
BFSI Leaders in India are Gathering to Discuss the Roadmap for the Future of the BFSI Sector in the Country
- 2 years 11 months ago
- Banking
Officially supported by NITI Aayog, the 10th edition of Big BFSI Future Tech Show & Awards is convening top-tier CXOs in India; to exchange information and effective techniques as they prepare for the next phase of tech-powered growth in India. Big BFSI Show and Awards is set to take place on 27 July 2022 at the Taj Lands End in Mumbai.
InvestCloud Supports Rabobank to Bring Digital Financial Planning to All Levels of Wealth
- 2 years 11 months ago
- Banking
InvestCloud, the global leader in digital transformation for the financial industry, today announced it is supporting Rabobank, one of the Netherlands’ largest banks, to provide digital financial planning for all its customers, from private banking to retail clients.
Starling Bank Reports First Full Year Profit
- 2 years 11 months ago
- Banking
Starling Bank today reports its first full year of profitability. The digital bank swung to a pre-tax profit of £32.1 million for the financial year ending 31 March 2022 from a pre-tax loss of £31.5 million for the period to 31 March 2021. Revenue for the same period to 31 March 2022 was £188 million. Starling’s previous financial year, to 31 March 2021, covered a 16-month period to reflect a change in the timing of the bank’s financial... more
BankiFi Expands Operations into North America
- 2 years 11 months ago
- Banking
BankiFi, an embedded banking solutions provider, announced its expansion into North America with the launch of BankiFi Americas. The organisation’s growth and expansion into the U.S. market will support the unique digitisation and payment modernisation requirements of SMBs while placing financial institutions at the heart of the relationship.
Recovery Loan Scheme Offers Over £4.5B of Lending to Smaller Businesses
- 2 years 11 months ago
- Banking
The British Business Bank announces today that, through the Recovery Loan Scheme, accredited lenders have offered over £4.5bn to smaller UK businesses as they steer a path towards a sustainable recovery. Of the £4.51bn of total funding offered through 20,643 facilities, £3.83bn has been drawn down through 18,338 facilities.
FCA Highlights Financial Crime Concerns to Challenger Banks
- 2 years 11 months ago
- Banking
A review by the Financial Conduct Authority (FCA), conducted over 2021, has raised concerns over the financial crime controls of challenger banks, finding a rise in the number of Suspicious Activity Reports (SARs). The review included an in-depth focus on six challenger retail banks, primarily consisting of digital banks covering over 8 million customers.
18/07 – Weekly Fintech Recap
- 2 years 11 months ago
- Artificial Intelligence, Blockchain, Security and Compliance, Payments, Banking, M&A Deals, People Moves
Partnerships Blockpass and BlockOn Capital Partner over India Blockchain Week
Worldline and Casio Enter into Strategic Partnership to Simplify Card Acceptance for Merchants in Japan
- 2 years 11 months ago
- Banking
Worldline, a global leader in payment services, and Casio Computer announce they have agreed on a strategic business alliance to facilitate card payments and cashless shopping in Japan, a market with huge potential to overturn its conservative retail landscape.
Sell-side Makes Significant Progress on Derivatives Clearing Capacity and Give-ups
- 2 years 11 months ago
- Banking
Derivatives clearing banks’ post-trade systems performed significantly better during the volatility of Q1 2022 when compared to their performance during the initial outbreak of the Covid-19 pandemic, despite being tested with higher volumes, a study by Acuiti has found.
United Trust Bank Asset Finance Chooses Workato to Power Connectivity and Integration to its New Alfa Digital Platform
- 2 years 11 months ago
- Banking
United Trust Bank (UTB) has chosen the leading enterprise automation platform Workato to provide the software integration layer which will enable the Bank to connect and integrate a wide variety of powerful tools and apps to its new core Asset Finance digital platform.
