Sovcombank Reduces Stake in SPB Exchange to 10%
- 4 years 6 months ago
- Banking
Sovcombank has reduced its ownership stake in SPB Exchange from 12.9% to 9.99% by selling part of its stockholding. The Bank’s stake was purchased by shareholders, some of the Bank’s key partners, as well as the management company Sovcombank Asset Management. Each buyer purchased an insignificant share. Sovcombank decided to reduce its equity stake in SPB Exchange in order to bring its share below 10% so as to treat this holding as an immaterial... more
Atom Bank Launches Fixed Rate Secured Loans for Businesses
Atom, the UK’s first app-based bank, which has provided funding for over £1bn in lending to UK SMEs, has now launched fixed rate secured loans for businesses. Available from 27 October, the products complement Atom’s existing variable rate secured business loans and its partnership with Funding Circle to support unsecured lending to SMEs.
First Abu Dhabi Bank Cuts API Operational Costs by 57% With Kong
United Arab Emirates (UAE) Bank Modernizes Infrastructure With Service Connectivity Platform and Accelerates Time to Market for Mobile Banking Application
Ziraat Bank, One of the Largest Banks in Turkey, Has Signed a Cooperation Agreement With JCB
- 4 years 6 months ago
- Payments, Credit Cards, Banking
A formal partnership has been signed between JCB International Co., Ltd, the international operations subsidiary of JCB Co., Ltd, and Ziraat Bank, one of the largest banks in Turkey. This collaboration means that JCB Cards will be accepted by over 500,000 merchants in Turkey using Ziraat Bank POS devices and cash registers. Further, approximately 7,300 Ziraat Bank ATMs in Turkey will also accept JCB Cards.
AI Rayan Bank Chooses Trunarrative to Provide Digital Onboarding and Fraud Risk Management
- 4 years 6 months ago
- Artificial Intelligence, RegTech, Islamic Finance, Fraud Detection, Risk Management
The UK’s oldest and largest Islamic bank, Al Rayan Bank PLC chooses RegTech platform from TruNarrative, part of LexisNexis® Risk Solutions, to provide individual & business onboarding and end-to-end fin-crime strategy
Currencycloud Partners With bunq to Provide Users With First Multi-currency Accounts
- 4 years 6 months ago
- Cryptocurrencies, Banking, Cloud
bunq, the Amsterdam-based digital challenger bank, has partnered with Currencycloud, the experts in simplifying business in a multi-currency world, to deliver a truly international bank account for the post-pandemic era. Whether getting paid or making a payment, bunq's multi-currency accounts with enhanced local capabilities will give users the freedom and control to manage, receive and pay funds in different currencies.
Code First Girls Graduates Join Experian to Tackle Financial Exclusion
Four internships working on Experian’s United for Financial Health programme to help communities recover financially from Covid-19 Four Code First Girls graduates have joined Experian to play an important role in developing its United for Financial Health projects in Italy and South Africa. The graduates will provide Experian with their coding skills and a new perspective on how best to tackle financial exclusion and help communities recover... more
Leading Mexican Bank Banorte Strengthens Credit Risk Management Practices
- 4 years 6 months ago
- Banking
-Banorte builds a completely new XVA desk and revamps its PFE limits management- Murex, the global leader in trading, risk, and processing solutions for capital markets, is pleased to announce that Banorte has successfully implemented Murex’s flagship MX.3 platform for its credit risk management and XVA desk deployment.
Open Banking Expo will Bring UK Open Banking and Open Finance Community Face to Face Next Week
- 4 years 6 months ago
- Open Banking, Banking
Open Banking Expo, the leading global community of Open Banking and open finance executives responsible for digital transformation across financial services, will bring the Open Banking and open finance industry in Europe and the UK face to face next Thursday, 4 November. This year’s event has drawn some of the biggest names from across the breadth of financial services, with the speaker line-up including over 80 leaders in banking and fintech.
M1 Finance Selects the Temenos Banking Cloud to Power its Finance Super App™
A leading US personal finance platform selects Temenos technology to power its Invest, Borrow and Spend products for its hundreds of thousands of clients Temenos (SIX: TEMN), the banking software company, today announced that M1 Finance, the Finance Super App™, has selected The Temenos Banking Cloud.
Artificial Intelligence set to Power the ‘Bank of the Future’ According to New Report
A new report from Mambu and Google Cloud shows AI will power personal customer experiences in the digital financial revolution
Furlough Fatigued: Uk’s Overworked Finance Teams Must Now Prepare for Mass Job Exodus
- 4 years 6 months ago
- Banking
With furlough ended, new research reveals that over half (54%) of Finance Managers and Directors are applying for new roles or considering leaving their jobs Mental health also at all-time low with over a third (36%) experiencing burnout or exhaustion
Why Banks Need Powerful, Agile Data Preparation Solutions for Accurate and Timely Regulatory Reporting
- 4 years 6 months ago
- Banking
Where there is data, there is regulation. Most financial institutions including banks and insurance companies deal with a complex web of external, local and global regulations, all requiring them to submit regular reports about their business to comply with KYC, AML, CFT, and other regulations.. However, due to obsolete IT infrastructure, data silos, and lack of data taxonomies, and manual processes, meeting these regulations proves to be a far... more
Compass Plus Shortlisted in the Banking Tech Awards 2021
Compass Plus has made the final shortlist at the Banking Awards 2021 in recognition of its notable contribution to the industry to help fight the Coronavirus pandemic – aiding and supporting companies/individuals from the industry ecosystem economically, socially, and financially. The ‘COVID-19 Response by Fintechs’ category recognises leading payments software providers that adapted their operations to meet and exceed the needs of their... more
Recovery Loan Scheme Offers Over £1Bn to Smaller Businesses
£1.06bn offered through almost 6,200 facilities to smaller businesses across the UK Over 5,100 facilities have already drawn down, providing £823m of funding The British Business Bank announces today that the Recovery Loan Scheme has passed a significant milestone, with 76 accredited lenders having offered over £1bn to smaller UK businesses as they steer a path towards a sustainable recovery.
