Banking

Tide Raises £44.1 million in a First-Round of Series B Funding

Tide, the leading digital business banking platform, has today announced it has raised £44.1 million (US$54.3 million) in a first-round of Series B funding*. The round was led by specialist fintech investment companies, The SBI Group and Augmentum Fintech plc (“Augmentum”).  Japan-based The SBI Group is one of the world’s leading fintech investment companies, Augmentum is one of Europe’s leading fintech VCs and the UK’s only listed fund... more Read more »

Temenos Recognized as One of the Best Places to Work in India

Temenos (SIX: TEMN), the banking software company, has been recognized as one of the best places to work in India out of 900 participating organizations by Great Place to Work®. Certification comes as a result of independent analysis carried out by the global research and consulting firm and highlights Temenos’ dedication to creating an outstanding workplace culture. Read more »

Mode Launching All-In-One App To Unleash Crypto’s Full Potential

London-based fintech firm Mode has opened a waiting list for its soon-to-be-launched crypto banking mobile app, designed to make cryptocurrencies, and all their untapped financial benefits, accessible to everyone at the touch of a button. With its new product, Mode aims to bring down barriers and open up the world of cryptocurrencies to everyone, not just the tech-savvy and the traders. The Mode app will be an easy pathway for everyone else to... more Read more »

Broadridge Adds Sisense Analytics to Buy-side Revenue and Expense Management Capabilities

 Broadridge Financial Solutions, Inc. (NYSE:BR), a global Fintech leader and Sisense, a leading platform for analytics builders, announced the incorporation of Sisense’s embedded data analytics into Broadridge’s revenue and expense management application. Read more »

National Bank of Canada goes live on Murex’s Risk and Regulatory Suite

National Bank of Canada (NBC), one of Canada’s six systemically important banks, has successfully implemented and is now live on Murex’s MX.3 Risk and Regulatory Suite. NBC is leveraging the full power of the MX.3 platform for capital markets risk management and to meet its regulatory responsibilities, including compliance with Basel 2.5. The project was sparked by three key factors: -          An aging legacy system that was no longer able to... more Read more »

ICS Financial Systems to Hold One-on-One User Experience (UX) at SOFIBANQUE

ICS Financial Systems to hold One-on-one user experience (UX) and completes a 4-week assessment and training sessions at SOFIBANQUE for Full ICS BANKS Products Optimization ICSFS uses different methods for post-go live, continuous support, customer satisfaction and knowledge development methodologies, of which conducting intensive assessment and training sessions and one-on-one user experience (UX) to its customers, in order to enhance ICS BANKS... more Read more »

VERMEG AgileREPORTER mentioned Best Regulatory Reporting Management Solution

VERMEG, the global banking, insurance and digital transformation leader announces that AgileREPORTER has been awarded Best Regulatory Reporting Management Solution at the Grant Thornton UK LLP RegTech Index launch.   The RegTech Index is designed to assist discerning firms achieve an immediate short-list of solutions that are not only best in class regulatory technology in themselves, but that are also provided by a vendor with a track record of... more Read more »

SABB the first bank in the Middle East, North Africa & Turkey to go live with SWIFT gpi for Corporates

The Saudi British Bank (SABB), one of Saudi Arabia’s leading financial institutions, and SWIFT, global member owned cooperative and the world’s leading provider of secure financial messaging services announce today that SABB is the first bank in the Middle East, North Africa and Turkey (MENAT) region to go live with SWIFT gpi for Corporates service (g4c). As part of the early adopters for g4c program, SABB and one of the leading global... more Read more »

Link Arranges ATM Delivery Fund

UK ATM network Link has set up a £1 million fund from which cash-starved communities can draw in order to install a free cash machine. Consumers can tap he Community Access to Cash Delivery Fund through their MP, local council, or directly from Link, assuming the community meets the qualifying criteria, which includes distance to nearest free ATM, availability of a Post Office, site security and a suitable location. The move comes amid... more Read more »

Bank Jobs to be Decimated in the Next Ten Years

Analysts at Wells Fargo are forecasting that up to ten percent of bank jobs in the US will be wiped out by ongoing technological progress in the next ten years. As many as 200,000 jobs will disappear as machines replace labour during a new 'golden age of banking efficiency', the 225-page report states. Read more »

Refinitiv launches Matching service in Vietnam to create first electronic Marketplace for VND FX trading

Refinitiv today announced it has launched its leading global electronic trading Matching service in Vietnam, as emerging markets in the Asia region continue to develop their financial markets and digitize FX trading capabilities. The launch represents Vietnam’s first electronic marketplace for the trading of VND. Matching trades on a T+1 basis which is the most commonly traded value date. Read more »

Finastra launches Fusion Mortgagebot Data Insights to help financial institutions optimize their mortgage business

Finastra has launched Fusion Mortgagebot Data Insights – a powerful new tool that benchmarks mortgage borrower behavior and demographics for banks and credit unions against that of more than 1,400 other Fusion MortgagebotPOS users. The solution leveraged Big Data and machine learning to provide users with new insights into consumer behavior to drive a better borrower experience. Read more »

Backbase opens Dubai office to accelerate Digital-First Banking in the Middle East region.

Amsterdam-based software provider, Backbase has increased its global presence by opening an office in Dubai, which will be run by Matthijs Eijpe, Regional Sales Director EMEA at the company.  Read more »

Mastercard Launches Threat Scan to Assess Bank Fraud Exposure

Mastercard today announced Threat Scan, a unique global service that helps banks proactively identify potential vulnerabilities in their authorization systems. The service was showcased this week at the Mastercard Cybersecurity Summit in Croatia. Read more »

NatWest announces tech partnership with Microsoft and DreamQuark to simulate future market outcomes

NatWest has today announced a collaboration with Microsoft, and Artificial Intelligence specialist DreamQuark, in developing Next Generation Complex Analytics. The work will allow the bank to simulate behaviours of different environments such as financial markets or transport networks, processing it into meaningful patterns and insights that help to accurately predict future outcomes. Read more »

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