Tradeteq Connect Becomes a New Trade Risk Distribution Channel for Commerzbank, Aka and Texel
- 4 years 8 months ago
- Banking, Data Protection, Data
Tradeteq, the leading technology provider for bank asset distribution, together with Commerzbank AG (Commerzbank), AKA Ausfuhrkredit-Gesellschaft mbH (AKA), and Texel Finance Limited (the Texel Group) have announced that following a successful proof of concept phase, Tradeteq Connect, an expansion of the firm’s existing platform to support distributing bank risk resulting from trade products such as letters of credit (LCs) and guarantees, has... more
Cynergy Bank Provides £10M Funding Line to First Circle Group
- 4 years 8 months ago
- Investment, Banking
First Circle Group, a fast-emerging business specialising in manufacturing rigid plastic containers, has received a £10m plant and machinery loan and receivables funding facility from Cynergy Bank. This is a new client to the Asset Based Lending (ABL) division of Cynergy Bank which launched in September. Headquartered in Newport Pagnell, First Circle Group currently operates five sites across the UK and Ireland supplying over 700 million rigid... more
PPS and ViaBill Join Forces to Bring BNPL to Shoppers In-store and Online
- 4 years 8 months ago
- Payments, Money Transfers, Banking
The BNPL provider will utilise the issuer processor’s in-depth pan-European experience to drive its expansion into new EMEA markets. PPS, an Edenred company, today announces that it is supporting ViaBill with the rollout of its card-based BNPL solution, offering customers access to ViaBill credit through physical and virtual Mastercard cards.
Rasmus Bagger-Petersen Joins NetDania Management Team from Saxo
- 4 years 8 months ago
- Management, Banking, People Moves
Rasmus Bagger-Petersen has been appointed Chief Commercial Officer (CCO) of NetDania and will be a member of the Danish fintech firm’s management team.
Dwolla Adds Former Deloitte Partner to Board of Directors
- 4 years 8 months ago
- Banking, People Moves
Dwolla, a fintech providing sophisticated account to account payment solutions for innovative businesses, announces the addition of Emily Rollins to the company’s board of directors. Rollins brings more than 30 years of experience from the finance industry to Dwolla’s board, alongside expertise in driving high-level growth and expansion.
Sovcombank Reduces Stake in SPB Exchange to 10%
- 4 years 8 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
Amaiz Appoints Boura Kym Tomlinson Cann as their First Non-Executive Director
Amaiz, the banking app, has appointed Boura Kym Tomlinson Cann as their first Non-Executive Director. Boura has spent the last fourteen years as Global Chief Compliance and Legal Officer at Polar Capital and previously spent over seven years at the Financial Conduct Authority (FCA), supervising wholesale and derivatives firms. Most recently she was an enforcement manager bringing disciplinary cases against investment firms.
Tinkoff Launches International Transfers via Phone Number
Tinkoff has launched a new service enabling clients of foreign banks to make transfers using their phone number. At the moment, Tinkoff customers can make transfers to 10 banks in Tajikistan, Uzbekistan and Kyrgyzstan, namely: Dushanbe City, Alif Bank, CB Kyrgyzstan, Universal Bank, the National Bank of Uzbekistan, ANORBANK, Kompanion Bank, Commerce Bank of Tajikistan, the International Bank of Tajikistan, and Imon International.
Banking Competition Remedies Ltd (BCR) Publishes Progress Updates
- 4 years 8 months ago
- Banking
Pool E Capability and Innovation Fund recipients provide quarterly updates on Public Commitments Incentivised Switching Scheme residual funds recipients provide first progress updates on Public Commitments The Board of Banking Competition Remedies Ltd (BCR) today publishes progress updates for Pool E recipients, providing a summary of performance against their public commitments to the period 31st August 2021.
Global Tax Laws Allow coal mining Giant Glencore to Avoid Tax Payments Around the World, According to New CICTAR Report
- 4 years 8 months ago
- Banking
On the eve of the G20 Leaders’ Summit, where global tax reform will be a hot topic, new research reveals that a multi-billion-dollar extractives giant may be avoiding hundreds of millions in tax payments.
FV Bank Becomes Principal Member of Visa. Set to Launch Cryptocurrency Linked Visa Card Programs
- 4 years 8 months ago
- Cryptocurrencies, Banking
FV Bank redefines banking with first vertically integrated banking, digital asset custody, and debit and credit card offerings
The Future of the British High Street Lies 400 Years in the Past
- 4 years 8 months ago
- Banking
Metro Bank publishes new independent report which predicts what the successful high street of tomorrow could look like, and it’s not what you may think Metro Bank has teamed up with Will Higham, Britain’s leading Consumer Futurist, to predict the future of the high street The ‘Back to the Future’ report explores what thriving high streets and local communities will look like in 20 years’ time – they’ll be just like those of 1640, but with a... more
Natwest Launches Tax Calculator for Businesses Following Budget
- 4 years 8 months ago
- Banking
New tool will allow UK businesses to identify and calculate additional tax incentives following Chancellor’s extension of £1m Annual Investment Allowance until March 2023 NatWest reports more than 15,000 hits on grant finder service for businesses since launch in February 2021 NatWest has today launched a new online tax calculator, which will allow UK businesses to identify and calculate additional tax incentives that may be available via... more
LHV UK & Tuum Launch Strategic Partnership to Provide Banking and Payment Services
LHV UK (‘LHV’ or the ’Company’), the financial and payment services provider for fintech companies, is pleased to announce a new partnership with Tuum, the leading modular core banking platform offering back-end systems which support transactional retail and business banking. This partnership enables Tuum to offer a single API-based payments platform, which gives fintechs and financial institutions 24/7 access to instant payments, in both GBP... more
Marqeta Joins Temenos MarketPlace Giving Banks Instant Access to its Modern Card-issuing Platform
Collaboration provides banks with a pre-integrated fintech solution used by some of the worlds’ most innovative payment companies including Klarna, Uber and Square Temenos (SIX: TEMN), the banking software company, today announced that modern card issuing and payment processing platform Marqeta has joined the Temenos MarketPlace, a renowned ecosystem of fintech solutions for banks running on the world’s #1 digital and core banking platform.
