Wahed Launches Shariah Compliant Private Real Estate Investment Platform in the U.S., Making Fractional Property Ownership Accessible to All
- 2 days 9 hours ago
- Islamic Finance
Wahed, a leading Shariah-compliant Fintech, today announced the launch of its Private Real Estate investment product in the United States. This marks an important milestone in Wahed's continued mission to create inclusive and accessible investment opportunities for faith-based investors.
ZB Financial Holdings Transforms Banking Experience in Zimbabwe with Finastra
- 3 days 13 hours ago
- Core Banking
Finastra, a global leader in financial services software, announced that ZB Financial Holdings (ZBFH), one of Zimbabwe’s most diversified financial services groups, has implemented Finastra Essence on cloud and a comprehensive suite of digital services. By upgrading its core banking infrastructure with the next-generation solution, ZBFH has consolidated its operations while increasing automation, system availability, speed to market, and... more
FundBank Goes Live with Temenos to Power Its Global Expansion into the U.S.
- 3 days 13 hours ago
- Banking
Temenos today announced that FundBank, a Cayman Islands-based financial institution specializing in banking services for the asset management industry, has gone live with Temenos SaaS to drive its expansion in the United States.
Thread Bank Selects Finxact from Fiserv to Power Embedded Banking Strategies, Serving as a Model for Community Banks
- 4 days 14 hours ago
- Banking
Thread Bank today announced that it has selected Finxact from Fiserv, Inc., the cloud-native, real-time banking core that offers enhanced access to data, as the Bank’s core banking platform. The Finxact core will allow Thread to further execute on its strategy to deliver modern, compliant, and scalable embedded and core banking solutions, creating value for partners and providing an innovation roadmap for fellow community banks.
Narmi and Grasshopper Launch First MCP Server by a U.S. Bank for AI-Driven Insights
- 1 week 2 days ago
- Banking
Narmi, a digital banking technology developer, and Grasshopper Bank, a client-first, full-service digital bank, have launched a first-of-its-kind Model Context Protocol (MCP) server that will allow Grasshopper's Business Banking clients to access personalized financial analysis and insights through Claude, Anthropic's advanced artificial intelligence (AI) assistant. While Claude is the first integration, this groundbreaking infrastructure sets... more
Cognizant and Temenos Expand Partnership to Power Core Banking Transformation in Australia
- 1 week 2 days ago
- Core Banking
Cognizant today announced a five-year strategic engagement with Temenos, a global banking technology leader, to develop and market Temenos Country Model Bank in Australia. Temenos Country Model Bank is an extension of its core banking platform designed to accelerate go-live for financial institutions by providing pre-configured, regionalized banking functionality that reduces cost and risk.
Artea Bank Migrates to BPC’s Cloud-Native SmartVista Platform to Power Mastercard Issuing
- 1 week 3 days ago
- Banking
Artea Bank, a major Lithuanian commercial bank dedicated to improving the financial well-being of Lithuania’s residents and businesses, has selected BPC SmartVista, a cloud-native, microservices-based platform, to modernize its card-issuing infrastructure.
Oh Crumbs! Zopa Bank Drives 10,240 Biscuits through Central London to Show the Real Value of Switching as Santander Closes Its 123 Lite Account
- 1 week 4 days ago
- Banking
Zopa Bank is calling on UK consumers to rethink their bank loyalty, urging them to compare current accounts and switch to providers that offer real value - not just crumbs.
Eltropy Platform Now Integrates with Over 50 Core Systems and Essential Fintech Solutions
- 1 week 4 days ago
- Core Banking
Eltropy, the leading AI-powered conversations platform for community financial institutions (CFIs), today announced that its unified offering, Eltropy One Platform, now features over 50 integrations with essential systems used by credit unions and community banks. This expanded ecosystem equips CFIs to boost operational efficiency and deliver more valuable experiences for their members and customers.
Coop Norge Selects Knowit and Mambu to Modernize Core Banking Platform
- 1 week 5 days ago
- Core Banking
Coop is owned by 57 independent cooperatives with a combined membership base of over 2.3 million individuals. Each member is required by law to make a membership deposit when joining a cooperative, and may also make voluntary deposits which earn interest. These accounts are a cornerstone of Coop’s member offering, and the new core banking system will ensure they are managed with security, transparency, and scalability.
Bank of Algeria Joins PAPSS Network, Accelerating Financial Integration in Africa as Algeria Prepares to Host IATF 2025
- 1 week 6 days ago
- Banking
The Pan-African Payment and Settlement System (PAPSS) launched by African Export-Import Bank (Afreximbank) in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, has officially welcomed the Bank of Algeria into its growing network. Algeria now becomes the 18th country of presence for PAPSS, marking a significant step in advancing Africa’s journey towards deeper financial... more
British Business Bank Agrees ENABLE Guarantee Transaction of up to £300m with Close Brothers
- 1 week 6 days ago
- Banking
The British Business Bank has agreed a transaction of up to £300m with Close Brothers under the ENABLE Guarantees programme, unlocking significant additional lending capacity. The transaction will support a portfolio within Close Brothers Asset Finance, covering hire purchase, sale and hire purchase back and leasing facilities. Asset finance plays an important role for UK smaller businesses, with the market reaching a record £23.5bn in 2024.
Big Fintechs Are Holding Community Banks “to Ransom” over Customer Data, Warns Fintech CEO
- 2 weeks 2 days ago
- Banking
The fintech sector’s outrage at plans to ditch open banking rules is “totally hypocritical,” says Adam Turmakhan, CEO of TurmaFinTech, who argues providers have been holding US community banks “to ransom” over their customer data for years. Turmakhan’s intervention follows reports that the CFPB will propose a new version of open banking rules following the fintech sector’s fury at plans to scrap them altogether.
Mambu's Cloud Banking Platform Powers OYAK ANKER Bank's Full-Scale Core Migration
- 2 weeks 3 days ago
- Core Banking
Leading cloud banking platform Mambu today announced that OYAK ANKER Bank GmbH has successfully completed a comprehensive, full-stack modernisation and migration of its core banking systems to the Mambu platform, making it one of Germany's most ambitious digital transformation projects, spearheaded by Innovance.
Self-Made Success Adds Up: Small Businesses Exceed $1 Billion in Managed Deposits in Relay
- 2 weeks 3 days ago
- Banking
Relay—the small business banking and money management platform enabling peak profitability—announced that American small businesses have entrusted them with more than $1 billion in managed customer deposits through Thread Bank, Member FDIC. This milestone is a vote of confidence by the more than 110,000 self-made small business owners using Relay. As the banking platform on a mission to make every business great with money, Relay stands with... more
