Revolut Raise Set to Value Business at $5 Billion
- 5 years 3 months ago
- Retail Banking
UK-based Revolut is on course to achieve a $5 billion valuation during an upcoming funding round, according to documents from lead investor Technology Crossover ventures (TCV) Financial News, which has viewed the prospectus, says the round is expected to close later this month. Silicon Valley TCV, an early investor in the likes of Spotify, Airbnb and Netflix, closed a $3 billion fund in January 2019 to back fast-growing new economy companies.
Australian Lender Wisr Raises $35 Million
- 5 years 3 months ago
- Retail Banking
ASX-listed marketplace lender Wisr has raised $35 million via a placement of approximately 181 million ordinary shares. Wisr offers small to medium loans to help consumers pay down debt at rates based on borrowers’ individual risk profile. The five-year old company also operates a credit score comparison service. The firm says it will use the proceeds of the placement to grow its credit product offerings and strengthen the balance sheet.
Kickstart the decade with Asia’s biggest disruptors at Money20/20 in Singapore
- 5 years 3 months ago
- Payments, Banking, FinTech StartUps, IT Innovations, Infrastructure
Money20/20. No, not the year 2020 but perfect, 20/20 vision. As in, see-into-the-future-of-money type vision. Money20/20 brings that future into crystal clear focus, so those in the industry can plan, create, collaborate – and take their businesses forward. With that goal in mind, the region’s biggest change-makers are joining the line-up in Singapore, with keynotes including:
Shawbrook Bank wins competitive process to provide UK’s largest tomato supplier with £25m bespoke funding package
- 5 years 3 months ago
- Banking
Specialist SME lender Shawbrook Bank has successfully completed its largest ever working capital transaction in the North West, providing APS Group with a £25m bespoke funding package. First founded in 1949 on one site in Cheshire, APS Group is a family-owned business which specialises in the production and supply of top quality tomatoes. Growing at 6 sites and producing over 500 million tomatoes a year, APS Group was looking to further... more
Bankable Announces Strategic Global Partnership with Plaid
- 5 years 3 months ago
- Banking
Bankable, the global architect of “Banking as a Service” solutions, announced a strategic global partnership with Plaid, a data network powering the fintech apps that millions of people rely on to improve their financial lives. The partnership will allow Bankable’s customers the ability to use Plaid’s technology to connect with their users’ bank accounts worldwide. In addition, Plaid customers will gain access to Bankable’s cloud-based banking... more
ICSFS Recognised for its Core Banking Implementation by IBSI
- 5 years 3 months ago
- Banking, Core Banking
IBS Intelligence recognised ICS Financial Systems Limited (ICSFS), the
Over half of ATMs to offer automated deposit by 2024
- 5 years 3 months ago
- Banking
Banks around the world continue to upgrade their self-service estates to meet increasing customer demand for efficient, real-time deposit transactions Automated deposit terminals are becoming indispensable at bank branches globally
Union Bank© Partners with FIS for Next Generation Banking Technology
- 5 years 3 months ago
- Banking
Union Bank and global technology leader FIS™ (NYSE: FIS) today announced a cooperative agreement to deliver a next-generation core banking platform to power the bank through its next iteration of digital offerings.
Temenos reaches major milestone with the roll-out of Temenos Transact microservices architecture
Temenos (SIX: TEMN), the banking software company, announced that it has reached a major milestone in the delivery of its microservices-based architecture for cloud-native, cloud-agnostic Temenos Transact. This unlocks the potential for Tier 1 banks to strategically transform their core banking systems at scale.
Broadridge Accelerates Hybrid Cloud Strategy with IBM Services to Drive Next-Gen Capabilities for Clients
Broadridge Financial Solutions, Inc. [NYSE:BR], a global Fintech leader and part of the S&P 500® Index, and IBM Services [NYSE:IBM], today announced an agreement to bring new cloud-based solutions to Broadridge’s clients in the financial services industry. As part of this strategic collaboration, Broadridge will create The Broadridge Private CloudTM powered by IBM and will transition a significant portion of its global infrastructure to IBM.
BNY Mellon announces innovative suite of services to deliver greater NAV oversight and contingency for the investment industry
- 5 years 3 months ago
- Fund Management, Investment Management, Banking
The Bank of New York Mellon Corporation (“BNY Mellon”) today announced a new suite of oversight and contingent Net Asset Value (NAV) calculation solutions to complement its existing fund accounting capabilities for clients. These new services are designed to drive greater transparency, efficiency and risk management for asset managers and asset owners. BNY Mellon’s new NAV offerings, which are platform and provider agnostic, set a new industry... more
Temenos delivers industry first Banking Distribution Services in Temenos Infinity – a set of cloud based microservices
- 5 years 3 months ago
- Banking
Temenos, the banking software company, announced that it has delivered new industry first Banking Distribution Services as part of the award-winning Temenos Infinity digital front-office banking product. Temenos Infinity is the first core-agnostic product to give banks the ability to continuously transform at scale, creating AI-driven customer experiences.
Backbase Debuts ‘Backbase-as-a-Service’ to Help Banks Innovate at Scale & Remove Infrastructure Hurdles
- 5 years 3 months ago
- Banking
Digital banking software provider, Backbase, has today announced the launch of its next generation Backbase-as-a-Service. This managed cloud platform service covers Backbase’s entire portfolio of banking products, helping banks to innovate with speed whilst reducing their costly operational hurdles.
ZA Bank - the First Virtual Bank in Hong Kong to Launch Pilot Trial
- 5 years 3 months ago
- Banking
ZA Bank Limited (“ZA Bank”) announced today the launch of its pilot trial (“ZA Bank Pilot”) to offer banking services to selected retail banking users in Hong Kong before full business launch to the general public. The pilot trial is conducted under the Fintech Supervisory Sandbox (“FSS”) of the Hong Kong Monetary Authority (“HKMA”). ZA Bank is a wholly-owned subsidiary of ZhongAn Technologies International Group Limited (“ZA”) and is one of the... more
Starling supercharges its business offer with loans of up to £250,000, overdrafts up to £150,000 and a Business Toolkit
- 5 years 3 months ago
- Banking
Starling Bank, the leading digital bank, is supercharging its bank accounts for businesses and sole traders with a range of new features, including unsecured loans of up to £250K, an increase in its overdraft limits from £10K to £150K, more competitive overdraft rates and a custom-built tax and financial management Toolkit. As part of the changes, Starling is launching its first paid for features for businesses, providing access to a powerful... more
