ClearBank Ltd. Reaches Profitability as Revenue Climbs to Over £45M
- 3 years 10 months ago
- Banking
ClearBank Ltd., the enabler of secure accounts, real-time clearing, and Embedded Banking for financial institutions, today announced that it has reached profitability. ClearBank Ltd. has generated £45.4m in revenue YTD and from October has reached monthly profitability in the UK.
Atom Changes its Serviceability Criteria to Support More SMEs
- 3 years 10 months ago
- Banking
Atom bank, the UK’s first app-based bank, has today revamped its serviceability criteria for both variable and fixed rate commercial mortgage products as it looks to improve access to finance and challenge the high street lenders.
Use of External Finance Down Across the UK But Signs of Growth in Regional Equity Finance Markets
- 3 years 10 months ago
- Banking
The British Business Bank’s second annual Nations and Regions Tracker, published today, finds usage of external finance has fallen overall across the UK, as nine out of the twelve regions saw a drop in use of small business finance. In addition, 38% of smaller businesses were using external finance in the second quarter of 2022, down seven percentage points from 45% a year earlier. Core debt products remain the most used and widely available... more
New Report by BPC and Fincog Offers Insights for Banking Players Interested in the Middle Eastern Digital Banking Market
- 3 years 10 months ago
- Banking
Global payment leader BPC and strategy consultancy firm Fincog today announced the launch of a new report on the digital banking market of the Middle East, with a particular focus on the countries of the Gulf Cooperation Council (GCC).
18/11 – Weekly Fintech Recap
- 3 years 10 months ago
- Artificial Intelligence, Payments, Banking, FinTech StartUps, M&A Deals, People Moves
Partnerships HSBC and Wells Fargo Expand DLT Solution to Include Offshore Yuan
How Banks and Credit Unions Can Prepare for a Recession
- 3 years 10 months ago
- Banking
Banks and credit unions should be preparing themselves now for the challenging economic environment ahead. Unlike 2008, this potential recession will be radically different due to the increased supply of cash, rising inflation and interest rates, job openings, and wage inflation. Yet, banks and credit unions can’t afford to make the same mistakes. White Clay outlines three ways financial institutions can rise above challenges, remain resilient,... more
iBanFirst Announces Closing of Acquisition of Cornhill, the UK-based FX Provider, to Establish itself as a Key Player in the Most Dynamic Market in Europe
- 3 years 10 months ago
- Banking
Global financial services provider, iBanFirst, announces today the closing of its acquisition of Cornhill, a UK-based FX provider. The announcement follows the authorisation of the acquisition by the Financial Conduct Authority (FCA).
Mahalo Banking Names Ken Kondo Chief Innovation Officer to Expand Digital Strategies
- 3 years 10 months ago
- Banking
Mahalo Banking, a CUSO that provides online and mobile banking solutions for credit unions, today announced that Ken Kondo, former Vice President of Software Development, has been promoted to Chief Innovation Officer (CIO). This leadership appointment supports the company’s commitment to continuous digital banking innovation.
Only 11% of U.S. Banks are Currently Well-Positioned to Pursue Growth, According to New Research from The ROIG Group
- 3 years 11 months ago
- Banking
A small number of U.S.
Jack Henry Supports Cornerstone Bank in Strong Loan Growth
- 3 years 11 months ago
- Banking
Jack Henry™ and Cornerstone Bank announced today that Cornerstone Bank has experienced significant loan growth backed by Jack Henry’s sophisticated digital loan-origination platform.
Tennessee-Based Bank Selects Teslar Software to Support Strategic Growth
- 3 years 11 months ago
- Banking
Southern Bank of Tennessee and Teslar Software today announced their partnership to strengthen the bank’s lending strategy, boosting automation, efficiencies and transparency across the organization. The community bank plans to leverage Teslar’s technology to support their growth goals, which includes increasing their portfolio by over 10% each year.
DFSA Fines Bank of Singapore Limited for Inadequate Systems and Controls and Unauthorised Activity
- 3 years 11 months ago
- Banking
The Dubai Financial Services Authority (DFSA) has imposed a fine of USD 1,120,000 (AED 4,113,200) on the DIFC branch of Bank of Singapore Limited (the Bank) for a number of contraventions of DFSA legislation, including for having inadequate systems and controls including those relating to anti-money laundering (AML).
Lloyds Bank Combines Commercial Card and Invoice Finance Teams Under New Senior Appointment
- 3 years 11 months ago
- Banking
Lloyds Bank Business & Commercial Banking has combined its commercial card and invoice finance teams under a new senior appointment. James Sykes will serve as the Business and Commercial Banking’s Head of Invoice Finance Product, while retaining his current position as Head of Commercial Cards.
Starling Bank Launches New Partnership with Settld to Support End of Life Admin for Bereaved Individuals
- 3 years 11 months ago
- Banking
Starling Bank has taken swift action to make life simpler for bereaved individuals, following recommendations made in a key nationwide bereavement report. The digital bank has unveiled a new strategic partnership with end-of-life admin service Settld, which will streamline account administration for those handling the affairs of a Starling bank customer who has died.
Finastra and Modefin Partner to Provide Best-in-class Fintech Solutions for Banks in Africa and Selected Indian Subcontinent Markets
- 3 years 11 months ago
- Banking
Finastra, a global provider of financial software applications and marketplaces, and Modefin, a global fintech solution provider helping banks to thrive in the digital age, today announced their partnership to offer Finastra’s Fusion Trade Innovation and Fusion Essence solutions to banks in Africa and several Indian subcontinent markets.
