Sumsub and Finastra Partner to Strengthen Banking Industry Compliance
- 2 years 3 months ago
- Banking
Sumsub, a global full-cycle verification platform, is partnering with Finastra, a global provider of financial software applications and marketplaces, to support financial institutions worldwide with their compliance processes. Finastra and Sumsub will collaborate on mutual projects, offering Sumsub's full compliance suite of verification and anti-fraud solutions to the banking market.
NatWest Group: Purchase of Sainsbury’s Bank Assets & Liabilities
- 2 years 3 months ago
- Banking
Natwest Group plc (“NatWest Group”) today announces that it has entered into an agreement with Sainsbury’s Bank plc (“Sainsbury’s Bank”) to acquire the retail banking assets and liabilities of Sainsbury’s Bank which comprises its outstanding credit card, unsecured personal loan and saving accounts.
Bank Execs See Attracting Gen Z as One of the Biggest Challenges of the Year
- 2 years 3 months ago
- Banking
More than half (57%) of banking executives surveyed across the UK say that attracting young consumers is one of the biggest challenges they are facing in the next twelve months, according to new research released by Tink, a market-leading data enrichment and payment services platform. An estimated two thirds (67%) say it is a vital part of future proofing their business, with 50% believing it is key to remaining competitive.
First Abu Dhabi Bank (FAB) Bolsters CLM Operations with Fenergo
- 2 years 3 months ago
- Banking
Fenergo, the leading provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring, and Client Lifecycle Management (CLM), announces today that First Abu Dhabi Bank (FAB) the largest bank in the United Arab Emirates (UAE), has integrated Fenergo’s software-as-a-solution (SaaS) CLM solution to speed up client onboarding and enhance its anti-money laundering (AML) compliance processes.
Number of Growing Sectors Highest in 15 Months
- 2 years 3 months ago
- Banking
According to the latest Lloyds Bank UK Sector Tracker, more parts of the UK economy grew in May than at any time in the last 15 months. While the overall rate of output growth across the economy slowed marginally in May (53.0 vs. 54.1 in April), 11 out of the 14 UK sectors monitored by the Tracker reported output growth – up from eight in April and the most since February 2023.
Ageras Enters Into an Exclusive Agreement with Societe Generale to Acquire Shine and Become One of the Leading European Providers of Banking and Accounting Software for SMEs
- 2 years 3 months ago
- Banking
Ageras, a leading provider of accounting software, banking, and admin tools for more than 300,000 active SME customers in France, Germany, The Netherlands and Denmark, today announced that it has entered into an exclusive agreement with Societe Generale to acquire Shine, a leading French SME fintech.
Atom Bank Records Best Year Since Launch
- 2 years 3 months ago
- Banking
Atom bank, the UK’s first app-based bank, has today announced its strongest ever financial results, driven by a significant increase in lending while keeping costs exceptionally low. Operating profit grew to £27m, a 600% increase on last year, with costs up just 4%, demonstrating the success of its efficient, sustainable and scalable business model. Atom’s low-cost and scalable model
77% of UK Bank Innovation Leaders Say Challenging the Status Quo Can Put Careers at Risk, Finds SaaScada
- 2 years 3 months ago
- Banking
NextGen data-driven core banking engine, SaaScada, today launched a new report – Core Banking Modernisation: The Pitfalls and The Promises – showing UK banks are failing to get the full value from their cloud-based core banking systems due to underestimating cultural challenges, poor planning, and cloud tech impostors.
CBA Reimagines Banking for Australian Businesses, Introduces Loyalty Program
- 2 years 3 months ago
- Banking
Commonwealth Bank of Australia (CBA) has today announced new products, services and features for business customers, aimed at meeting more of their banking needs.
Nexi and Engineering Group: NOVA, Advanced Digital Banking Platform, Is Born
- 2 years 3 months ago
- Banking
Nexi, the leading European PayTech, and Engineering Group, international leader in the digitalization of processes for businesses and Public Administration, will develop a business partnership in digital banking and give life to NOVA, a technology platform designed for different business segments from SMEs to Large Corporate, characterized by a configurable service portfolio and a modular, natively open and cloud-oriented architecture.
BridgeFund Partners with Mambu to Bring Working Capital to More SMEs
- 2 years 3 months ago
- Banking
BridgeFund, a challenger SME lender based in Amsterdam, chooses Mambu to fulfil its mission of bridging the financial needs of entrepreneurs. By utilising Mambu’s cloud banking platform, BridgeFund can build its deposit, and soon, lending offerings with reliability and ease, while scaling in the Dutch market and beyond.
10x Banking Announces A New Alliance With Deloitte To Enable Digital Transformation In The Mutual Sector Across Australia
- 2 years 3 months ago
- Banking
10x Banking, the transformational cloud-native SaaS core banking platform has announced a new alliance with Deloitte Australia to further strengthen cooperation in delivering technology-enabled transformation to mutuals.
Malta’s Leading eWallet Provider, FIL, Selects Temenos to Scale Payment and Alternative Banking Services
- 2 years 3 months ago
- Banking
Temenos today announced that Finance Incorporated Limited (FIL), the Maltese Electronic Money Institution (EMI) behind the popular Paymix Pro business account, iPaymix eWallet app, and Paymix SoftPOS, has selected Temenos to modernize its digital and core banking capabilities.
ORO Bank Launches, Powered by Finastra
- 2 years 3 months ago
- Banking
Finastra announced today that its technology is powering ORO Bank. The new cloud-first institution serves individuals and businesses in Bhutan, and around the world, with a specific focus on providing safe, innovative and sustainable banking.
FINOM Expands Banking Services in France with Launch of Local IBAN via Own Banking License
- 2 years 3 months ago
- Banking
FINOM, a leading European digital banking solution for SMEs and entrepreneurs, announced today the launch of local IBAN accounts in France, empowering more French small and medium-sized businesses with customized financial services. This expansion marks a significant milestone for FINOM, which secured its own Electronic Money Institution (EMI) license in the Netherlands in 2021.
