Grasshopper Bancorp, Inc. Announces Completion Of Grasshopper Bank’s Merger With Auto Club Trust, FSB
- 1 week 6 days ago
- Banking
Grasshopper Bancorp, Inc. today announced the completion of its previously announced merger of its wholly owned subsidiary, Grasshopper Bank, N.A. (“Grasshopper Bank”), with Auto Club Trust, FSB (“Auto Club Trust”) in a cash and stock transaction.
The Prudential Regulation Authority Proposes Raising FSCS Deposit Protection Limit To £110,000
- 1 week 6 days ago
- Banking
The Prudential Regulation Authority (PRA) has today proposed to raise the deposit protection limit of the Financial Services Compensation Scheme (FSCS) from £85,000 to £110,000. The deposit protection limit – which represents the maximum amount of money the FSCS typically protects should a depositor’s bank, building society or credit union become insolvent – has been set at £85,000 since 2017.
Y-12 Federal Credit Union Upgrades Fleet, Enhances Self-Service Banking With NCR Atleos
- 2 weeks 10 hours ago
- Banking
NCR Atleos Corporation, a leader in expanding self-service financial access for financial institutions, retailers and consumers, today announced that Oak Ridge, Tenn.-based Y-12 Federal Credit Union (Y-12 FCU) is revolutionizing member service with advanced technology through its relationship with Atleos.
Border Bank Chooses Jack Henry For Technology Modernization
- 2 weeks 10 hours ago
- Banking
Jack Henry™ announced today that Border Bank selected Jack Henry to upgrade its technology infrastructure. The decision was made to prepare the bank for growth and future needs, including improved customer experience and operational efficiencies.
FV Bank Announces Launch Of SWIFT Services To Enhance Global Payment Capabilities
- 2 weeks 3 days ago
- Banking
FV Bank, the U.S. licensed digital bank offering a vertically integrated suite of traditional and digital asset banking and custody services, today announced its successful launch of its SWIFT code: ITTLPRS2XXX. This strategic milestone is significant for FV Bank clients as it expands inbound wire options alongside stablecoin-based payment rails.
Fana Sparebank Enters Five-Year Partnership With Tietoevry Banking
- 2 weeks 3 days ago
- Banking
Tietoevry Banking has entered into a strategic five-year agreement with Fana Sparebank to deliver a comprehensive suite of banking solutions. The partnership includes core banking systems, card and payment services, and advanced financial crime prevention tools. The new agreement, effective from April 1st, 2025, will also significantly enhance the bank’s mobile and self-service offerings – including self-service loan management.
iFAST Global Bank Transforms UK Banking With First-In-Market Multi-Currency Current Account Offering High Interest And Cashback
- 2 weeks 3 days ago
- Banking
iFAST Global Bank is breaking new ground in UK banking with the launch of its first-of-its-kind Multi-Currency Current Account, an innovative solution that lets customers earn competitive interest rates on multiple currencies while being rewarded for their everyday debit card spending.
Republic Bank Selects DNA From Fiserv To Drive Digital Transformation
- 2 weeks 4 days ago
- Banking
Fiserv, Inc., a leading global provider of payments and financial services technology, today announced that Republic Bank & Trust Company (Republic Bank) has chosen the Fiserv award-winning DNA® platform to enhance the company’s banking system capabilities and drive operational efficiencies to realize their digital transformation goals.
Interledger Foundation To Top $21M Invested In Open Digital Financial Ecosystem
- 2 weeks 4 days ago
- Banking
The Interledger Foundation has opened funding for fintech and web-based platform projects that will become part of its interoperable payments network via the Interledger Protocol (ILP)--to build out its vision for an open digital economy. With projects in 40 countries, the organization is already working with businesses to spearhead initiatives that reimagine existing financial infrastructure and introduce new money movement use cases.
Project Nemo And HSBC Innovation Banking UK Team Up To Accelerate Disability Inclusion Within FinTech
- 2 weeks 4 days ago
- Banking
Today, Project Nemo, the initiative accelerating disability inclusion within FinTech, announces that it is teaming up with HSBC Innovation Banking UK to turbo charge its mission. More than 1 in 5 people live with a disability in the UK; an estimated 16.0 million people in the UK had a disability in 2021/22. This is 24% of the total population, representing an estimated £274 billion a year in spending power.
AlHuda CIBE And Autosoft Dynamics Ink Deal To Promote End-To-End Islamic Banking Suite
- 2 weeks 5 days ago
- Islamic Finance
Alhuda Center of Islamic Banking and Economics (CIBE), a globally recognized leader in promoting Islamic banking and finance, has signed a landmark agreement with Autosoft Dynamics, a renowned banking software solutions provider, to introduce cutting-edge core banking system along with end-to-end Shariah Compliant Islamic Suite (Consumer & Commercial) for Banking / Non-Banking / Microfinance and Lending Portfolio new setups and conversions.
Proxymity And State Street Expand Digital Proxy Voting To Germany
- 2 weeks 5 days ago
- Banking
Building on a successful migration to fourteen markets in January 2025, Proxymity, the leading digital investor communications platform, and State Street Corporation (“State Street”) announce the successful migration to Proxymity’s market-leading Vote Connect Total solution for the German market. This migration marks another significant step for the custodian bank’s continued phased transition to Proxymity’s platform.
Tuum And Fiinu Reactivate Core Banking Agreement To Power White-Label Expansion
- 2 weeks 5 days ago
- Banking
Tuum, a leading next generation core banking provider, announces the renewal of its core banking software services agreement with Fiinu Plc, a UK-based fintech and creator of the Plugin Overdraft®. This renewed collaboration supports Fiinu’s strategic white-label model, enabling Open Banking-driven credit innovation at scale.
Finastra Europe Corporate Banking Day Highlights The Importance Of Digitization And AI Amid Industry Changes
- 2 weeks 5 days ago
- Banking
Finastra, a global provider of financial software applications, hosted its annual Corporate Banking event in London, spotlighting key market and technological trends in corporate lending and trade finance. The event, which attracted senior executives across the banking, technology and sustainability sectors, was sponsored by Microsoft and Tech Mahindra. Key insights from the event include:
IncredibleBank Partners With Alloy To Accelerate Growth In Account Opening
- 2 weeks 6 days ago
- Banking
IncredibleBank, a digital-focused community bank headquartered in Wausau, WI, has partnered with Alloy, a leading identity and fraud prevention platform provider, to provide faster service to improve its account opening process, helping the bank to accelerate growth and reduce manual reviews.
