OakNorth’s Pre-tax Profits Increase by 23% to £187M as It Surpasses £10B in Lending to Businesses Since Launch, and Expands Its Offering to the US
- 7 months 2 weeks ago
- Banking
OakNorth – the digital bank for entrepreneurs, by entrepreneurs – today publishes its latest Annual Report, revealing pre-tax profits of £187.3m in 2023, up 23% from £152.3m in 2022.
Paynetics Acquires Novus Neobank to Amplify ESG Mission
- 7 months 2 weeks ago
- Banking
Paynetics, the pioneering embedded finance provider, announced today its strategic acquisition of Novus, the UK’s first-ever “impact neobank.” This landmark deal underscores Paynetics’ commitment to advancing environmental, social, and governance goals while revolutionizing the financial landscape with its powerful embedded finance suite.
The Four Zeros of Resilience
- 7 months 2 weeks ago
- Banking
The key to creating any robust infrastructure is resilience. Today, business and consumers both rely on resilient architecture to ensure a high degree of accuracy and speed. With new innovations in OpenBanking and scenario-based finance, it’s vital to build resilient architecture.
Santander Named Best International Private Bank in Latin America by Euromoney
- 7 months 3 weeks ago
- Banking
Santander Private Banking has once again been named Latin America’s Best International Private Bank by Euromoney. The magazine also recognised Santander Private Banking as the Best International Private Bank for high-net-worth individuals in Latin America and awarded its digital solutions in the region.
BNY Mellon, First Global Bank to Deploy AI Supercomputer Powered by NVIDIA DGX SuperPOD With DGX H100
- 7 months 3 weeks ago
- Banking
Moving fast to accelerate its AI journey, BNY Mellon, a global financial services company celebrating its 240th anniversary, revealed Monday that it has become the first major bank to deploy an NVIDIA DGX SuperPOD with DGX H100 systems. Thanks to the strong collaborative relationship between NVIDIA Professional Services and BNY Mellon, the team was able to install and configure the DGX SuperPOD ahead of typical timelines.
BofA Unifies Mobile Apps for Banking, Investing, and Retirement Into One Personalized Digital Experience
- 7 months 3 weeks ago
- Mobile Banking
Bank of America has launched a massive update to its mobile app, reimagining how clients interact with their finances. As digital engagement continues to soar, 57 million digital clients can now view and manage their full financial lives through a new, unified digital platform that consolidates five apps – Bank of America, Merrill Edge, MyMerrill, Bank of America Private Bank, and Benefits OnLine – into one personalized experience.
Link Money Collaborates With Silicon Valley Bank to Scale Its Pay by Bank Solution
- 7 months 3 weeks ago
- Banking
Link Financial Technologies, Inc. (dba Link Money), a US-based open banking payment platform, and Silicon Valley Bank (SVB), a division of First Citizens Bank, today announced a strategic collaboration. Going forward, SVB will handle ACH processing and money movement on behalf of Link Money’s merchants, enabling Link Money to enhance its capabilities, scale faster, and further improve its Pay by Bank solution.
FirstBank Puerto Rico Selects nCino to Transform Commercial Lending Services
nCino, Inc., a pioneer in cloud banking for the global financial services industry, today announced that FirstBank Puerto Rico, a subsidiary of First BanCorp, has partnered with nCino to offer a more modern commercial lending and banking experience for its customers in Puerto Rico, Florida and the Virgin Islands, while providing greater insights into its portfolio.
Volopa Announces Partnership with ClearBank
- 7 months 3 weeks ago
- Banking
Volopa, the transaction, payments, and expenses company, has partnered with ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, to allow it to significantly expand the services it can offer its growing portfolio of SME clients.
Cooperative Bank of Oromia Launches New Apps with Temenos to Elevate Digital Experience and Advance Financial Inclusion in Ethiopia
- 7 months 3 weeks ago
- Banking
Temenos today announced that Cooperative Bank of Oromia (Coopbank), one of the largest banks in Ethiopia, has launched CoopApp and CoopApp Alhuda on Temenos Digital (Infinity), delivering a modern digital experience for conventional and Islamic banking with greater personalization for more than 12 million customers.
nCino to Acquire DocFox
- 7 months 3 weeks ago
- Banking
nCino, Inc., a pioneer in cloud banking for the global financial services industry, today announced that it has signed a definitive agreement to acquire DocFox, a leading solution provider automating onboarding experiences for commercial and business banking.
ICBA Adds Four Jack Henry Solutions to Preferred Service Provider Program
- 7 months 4 weeks ago
- Banking
Jack Henry™ announced today the addition of Banno Business™, JHA SmartPay Remote Deposit Now (RDN), Synergy Document Management, and Centurion® Data Backup and Recovery™ to the Independent Community Bankers of America® (ICBA) Preferred Service Provider (PSP) program. The solutions added to the ICBA program enable community banks to:
West Monroe and Backbase Enter Partnership to Accelerate Digital Capabilities for Banks and Credit Unions
- 7 months 4 weeks ago
- Banking
West Monroe, a business and technology consulting firm, and Backbase, the global leader in Engagement Banking, today announced their strategic partnership to help accelerate the digital transformation of the U.S. banking industry.
Sopra Banking Software Joins AWS ISV Accelerate Program as It Scales Global Reach, Enabling Banks and Financial Institutions to Accelerate Innovation and Speed to Market
- 7 months 4 weeks ago
- Banking
Sopra Banking Software (SBS), a leading technology partner to over 1,500 financial institutions worldwide, today announced that it has joined the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Program, a co-sell program for AWS Partners who provide software solutions that run on or integrate with AWS.
Mastercard Simplifies Subscription Management with Smart Subscriptions
- 8 months 17 hours ago
- Banking
Mastercard today unveils Smart Subscriptions, an open-banking-powered subscription management solution that financial institutions can easily plug into their consumer banking applications. Beyond basic management functions, Smart Subscriptions delivers individual spend analysis, expenditure categorization, and personalized offers all in a single user-friendly experience.
