B-North Adds to ‘Bridge Round’ with Overfunded Raise
B-North, the Manchester-based firm building an SME lending bank for the UK, has so far raised more than £560,000, exceeding the £500,000 target set in an extension of its latest funding round. B-North will use the investment to further extend their cash runway as the business continues to make strong progress with the Prudential Regulatory Authority (PRA) and Financial Conduct Authority (FCA) licensing process and closes in on completing a £20m... more
Philippines’ PBCOM Goes Live with Temenos SaaS to Offer “Digital-First” Banking Services
- 3 years 10 months ago
- Banking, Core Banking, SaaS
Temenos, the banking software company, today announced that PBCOM (Philippine Bank of Communications) has gone live with Temenos Transact next-generation core banking Software-as-a-Service (SaaS) to offer “digital-first” banking services in the Philippines. PBCOMobile is the mobile-only suite of services from PBCOM, one of the largest commercial banks in the Philippines. PBCOM offers a broad suite of financial solutions ranging from deposits and... more
Tinkoff Group Becomes Signatory to the Global Principles for Responsible Banking
- 3 years 10 months ago
- Banking
Tinkoff Group has joined the United Nations Environment Programme Finance Initiative (UNEP FI), the largest UN partnership with the finance industry or the worldwide community of nearly 400 banks, insurers and investors. More than 220 banks have now signed the Principles for Responsible Banking, a unique framework for ensuring that signatory banks’ strategy and practice align with the vision society has set out for its future in the Sustainable... more
Banking Competition Remedies LTD (BCR) Published Progress Updates on Public Commitments From Pool E Capability And Innovation Fund Recipients
- 3 years 10 months ago
- Banking
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 28th February 2021.
Virgin Money partners with Fintech Trade Ledger as Part of a New Business Banking Proposition
- 3 years 10 months ago
- Trading Systems, Payments, Banking
Virgin Money continues to build its business banking proposition, adding FinTech partner, Trade Ledger, which specialises in data-driven lending technology.
Tinkoff Becomes a Shareholder of Beskontakt LLC
Tinkoff Group, the leading online provider of financial and lifestyle services, has announced its acquisition of a majority stake in Beskontakt LLC, the developer of Koshelek digital wallet, an aggregator of banking cards and retail loyalty programs. The Koshelek app is a leader in its field, reporting the highest number of users of any app in Russia and the CIS. The deal was closed on 29 April 2021 and the transaction terms are to remain... more
Barclaycard Launches New Cashback Business Credit Card to Help SMEs Get Back on Track
- 3 years 10 months ago
- Payments, Credit Cards, Banking
Barclaycard has launched a new market-leading, fee-free cash back business credit card, designed to support small and medium businesses as the easing of restrictions brings optimism for the months ahead. The Barclaycard Select Cashback credit card is designed to support SMEs with one per cent cashback on all purchases – the most competitive offer currently available on a fee-free card. This is in addition to up to a 56-day interest-free period... more
Hampshire Trust Bank Becomes the Latest Bank set to Implement DPR’s Savings Solution
Leading UK banking software provider, DPR, has secured Hampshire Trust Bank (HTB) as the latest lender set to adopt its Savings solution for Origination and Servicing. DPR's market-leading Saving solution covers all the modern needs for financial institutions to serve corporate and retail savings customers. The DPR’s Saving Solution boasts a breadth of features including digital journeys (multi-channel access via desktop and mobile devices),... more
Banks will Return to Pre-COVID Performance Levels within Three to Five Years, According to Kearney Analysis
Analysis from global consultancy partnership Kearney has found that the performance of retail banks is likely to return to pre-pandemic levels within three to five years, although profitability will remain under pressure in the next two years.
illimity Presents its First Voluntary Non-financial Statement And Announces That it Already Achieved Carbon Neutrality in 2020
- 3 years 10 months ago
- Banking, Non-Financials
illimity Bank S.p.A. (“illimity” or the “Bank”) presents its first Voluntary Consolidated Non-Financial Statement (NFS) pursuant to the Italian Legislative Decree no. 254/2016 and announces that it already achieved carbon neutrality at a Group level in 2020.
PPS and Talenom Combine Award-Winning Financial and Accounting Solutions for Finland’s SME Market
Brand new partnership will enable financial services to be embedded into Talenom’s emerging SME solution ‘Accounting Alex’ to modernise banking for SMEs PPS, formerly PrePay Solutions and an Edenred company, today announces new partnership with leading Finnish accounting company, Talenom.
Linedata and First Bank Partnership Unlocks New Efficiencies
- 3 years 10 months ago
- Asset Management, Banking, Data
Linedata, a global provider of credit and asset management technology, data and services, today announced First Bank unlocked new efficiencies in its business lending division by fully adopting Linedata’s cloud-based capabilities and streamlined business procedures through Linedata Capitalstream.
BANK OF AFRICA Selects Conpend TRADE AI App, via Finastra, to Digitize Trade Processes
- 3 years 10 months ago
- Banking, IT Innovations, Financial
Finastra has announced BANK OF AFRICA, a pan-African financial group, has selected Conpend’s TRADE AI app from its open innovation platform, FusionFabric.cloud. The app extends the functionality of Finastra’s Fusion Trade Innovation technology and enables users to reduce document and compliance checking time.
Leading South Africa Microfinance Institution, Barko Goes Live on Temenos SaaS in Under 6 Months to Deliver Finance Faster
- 3 years 10 months ago
- Banking
Temenos, the banking software company, today announced that Barko Financial Services (BFS), a leading microfinance institution in South Africa, has gone live on Temenos Software-as-a-Service to make it faster and easier for South Africans to access finance remotely during Covid-19. The Temenos solution combines Temenos Infinity digital banking platform and Temenos Transact next-generation core banking. BFS can now originate loans for customers... more
ikigai Launches Public CrowdCube Campaign to Raise £1.2m and Accelerate Its Growth
- 3 years 10 months ago
- Banking
Maurizio Kaiser, co-founder of ikigai, comments on their Crowdcube launch: “Today we’re announcing our £1.2 million crowdfunding round on Crowdcube. As one of the first UK fintech to integrate wealth management and everyday banking into one app, we have already raised £2m to date via pre-seed investment, with the backing of angel investors. Now with Crowdcube, we’re opening up the chance for our community and peers to join us on this journey... more
