Ajman Bank Steps Up Sustainability Efforts with Mastercard Solutions
- 9 months 3 weeks ago
- Banking
Ajman Bank has initiated a collaboration with Mastercard aimed at leveraging the technology giant’s innovative solutions to drive sustainability. The award-winning bank will implement Mastercard’s Carbon Calculator and sign its UAE Sustainable Cards Pledge.
Offa Selects finova’s Apprivo Origination Platform to Power its Sharia-compliant Finance Products
- 9 months 3 weeks ago
- Islamic Finance
The UK’s first Sharia-compliant bridge finance provider, Offa, has partnered with cloud-based mortgage and savings provider finova to develop an innovative end-to-end digital platform to support its growing portfolio of property finance products. Offa’s new origination platform will be delivered by finova and its implementation partner Hexaware in the first half of 2024.
€35B of Customer Deposits Across Europe Now Held by Electronic Money Institutions
- 9 months 3 weeks ago
- Banking
ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, today announces a new report on the Electronic Money Institution (EMI) market in the UK and Europe. The independent report, commissioned by ClearBank and produced by leading analyst house Celent, finds that EMIs now hold deposits of €35 billion across Europe—an increase of 84% from 2019—but often struggle to find a banking partner that meets their needs.
bunq Sets Its Eyes on UK as It Reports First Full Year of Profitability
- 9 months 3 weeks ago
- Banking
bunq, the second largest neobank in Europe, reports a pre-tax profit of €53.1 million in 2023. A testament to bunq’s sustainable business model proven to yield record profits throughout 2023, the challenger will direct its net profit to propel its global expansion strategy.
UK Businesses Save 150 Hours Every Year on Operational Tasks by Using Open Banking, Survey Reveals
- 9 months 3 weeks ago
- Banking
Two in three (66%) larger UK businesses say they are very familiar with open banking and users report an average annual saving of 150 hours usually spent on operational tasks such as processing invoices and financial data, recurring payments and processing refunds, new research reveals.
GFT Acquires Sophos Solutions from Advent International
- 9 months 3 weeks ago
- Banking
Global digital transformation pioneer GFT Technologies SE (GFT) agreed to acquire 100% of shares in Colombia-based core banking expert Sophos Solutions S.A.S. With Sophos, GFT advances to one of the top 3 banking IT services providers across Latin America and also increases its global delivery capability.
Research Reveals Two Thirds of Banks Struggle with Data Quality and Integrity
- 9 months 3 weeks ago
- Banking
Mosaic Smart Data (Mosaic), the real-time capital markets data analytics company, has revealed the challenges that front office divisions in investment banks face when attempting to get their data in a fit enough state to deploy AI-powered analytics to improve efficiency, productivity, and profitability.
Nagarro Signs Agreement to License and Develop Temenos Country Model Banks for Romania and Poland
- 9 months 3 weeks ago
- Banking
Temenos today announced that Nagarro, a global digital engineering leader, has signed an agreement to license and further develop Temenos Country Model Banks for financial institutions in Romania and Poland. The agreement opens new opportunities for growth for Temenos with enhanced local functionality and service capability provided by Nagarro in these markets.
CFPB Proposes Rule to Stop New Junk Fees on Bank Accounts
The Consumer Financial Protection Bureau (CFPB) proposed today to block banks and other financial institutions from one potential source of new junk fee revenue – fees on transactions declined right at the swipe, tap, or click.
Fimple Core Banking Platform Launched in 1.5 Months at Dünya Katılım
- 10 months 2 days ago
- Core Banking
Fimple has achieved significant success in the field of financial technologies by launching its state-of-the-art core banking platform at Dünya Katılım in just 1.5 months. This fast and innovative step was recorded as a turning point in the finance sector.
Finshape and Arab National Bank (anb) Join Forces for Personalized Banking Solutions
- 10 months 1 week ago
- Banking
Finshape, a leading fintech solutions provider, is excited to announce a strategic collaboration with Arab National Bank (anb), a major bank and a pioneer in innovation in Saudi Arabia. This collaboration aims to deliver customized banking experiences that cater to the unique needs of their customers.
FinTech Wales Welcomes Starling Bank as Latest Partner
- 10 months 1 week ago
- Banking
FinTech Wales, the independent members association and champion of the Fintech and Financial Services industry in Wales, has welcomed Starling Bank as the latest organization to become a Partner to empower Wales as a globally recognized hub of fintech excellence.
Ebury Bank, an Exclusive Brand in Brazil, Focuses on Offering Digital Banking Services for Foreign Trade and Cross-border Solutions for Platforms.
- 10 months 1 week ago
- Banking
Ebury, a global fintech that offers cross-border payment solutions, is advancing in its expansion across Brazil with the launch of the Ebury Bank brand. It acquired the Bexs Group, which includes Bexs Banco (FX) and Bexs Pay (payments), and is now undergoing the last stages of the framework for the transition of controllers, following the procedures of the Brazilian Central Bank.
Visa Completes Acquisition of Pismo
- 10 months 1 week ago
- Core Banking
Visa today announced it has completed its acquisition of Pismo – a global cloud-native issuer processing and core banking platform. With the transaction complete, the combination of Visa and Pismo will provide clients with core banking and card-issuer processing capabilities across all product types via cloud-native APIs. Pismo’s platform will also enable Visa to provide support and connectivity for emerging payment schemes and RTP networks for... more
PortX and Plaid Announce Partnership to Fast-Track Data Access and Innovation for Financial Institutions
- 10 months 2 weeks ago
- Core Banking
PortX, the leading financial infrastructure and integration technology company that provides open access to data and drives innovation for financial institutions with its Integration-Platform-as-a-Service (IPaaS), announced a strategic partnership with Plaid, the data network powering the digital financial ecosystem. This collaboration combines the power of PortX's digital core banking integration experience with Plaid’s industry-leading... more
