Penta opens its digital business banking platform for every type of business
- 5 years 11 months ago
- Banking
Digital business banking for everyone - as of today, Penta also offers its product and services to solo self-employed people. The digital platform for business banking is thus expanding its target group and taking a broader positioning in the market .
Citi's digital channels play a pivotal role in client contingency situations
- 5 years 11 months ago
- Banking, Security, Compliance
Citi’s Treasury and Trade Solutions (TTS) has expanded the reach of the CitiDirect BE® Digital Onboarding platform, making it available in 37 countries and five languages. Additionally, usage across all client-facing digital channels has dramatically grown over the first quarter of 2020, as clients switch to continuity-of-business (COB) modes, with remote work during the pandemic.
US SMBs are underserved by banks: 11:FS research reveals service gaps and market opportunities
- 5 years 11 months ago
- Banking
11:FS, the challenger firm defining and building truly digital financial services, today announced new research, “Designing digital financial services that work for US SMBs" which identifies the current service gaps and opportunities for truly digital services to support small businesses across the United States.
British Business Bank announces new lenders under the Bounce Back Loan Scheme for Smaller Businesses
- 5 years 11 months ago
- Banking
Today the British Business Bank has announced that it has approved two new lenders for accreditation under the Bounce Bank Loan Scheme. The scheme is intended to target small and micro businesses in all sectors[1], with loans from £2k up to 25% of the business’ turnover with a maximum loan of £50k.
Tinkoff reports 1Q '20 results, announces 2nd 2020 interim dividend
- 5 years 11 months ago
- Banking
TCS Group Holding PLC (LI: TCS, MOEX: TCSG) (“Tinkoff”, “We”, the "Group", the “Company”), Russia's leading provider of online financial and lifestyle services via its Tinkoff ecosystem, today announces its interim condensed consolidated IFRS results for the three months ended 31 March 2020. Oliver Hughes, CEO of Tinkoff Group, commented:
Salt Edge streamlines the PSD2 onboarding with banks to save TPPs thousands of work hours
- 5 years 11 months ago
- Banking
Salt Edge announced the release of a new feature that allows third party providers (TPPs) to register quicker with the desired banks’ PSD2 channels in the whole of Europe. Dynamic registration aims to save TPPs thousands of man-hours on onboarding with banks.
Al Baraka Bank Sudan transforms into an intelligent bank with iMAL*BI
- 5 years 11 months ago
- Banking, Islamic Finance
Path Solutions, the market-leading provider of Sharia-compliant digital solutions to the financial services industry, today announces that Al Baraka Bank Sudan (“BBS”), a subsidiary of the strategic Bahraini multinational banking corporation Al Baraka Banking Group, has successfully completed the implementation of its new Business Intelligence solution on March 13th.
Judo Bank joins elite unicorn club
- 5 years 11 months ago
- Banking
Judo Bank has raised $230 million in fresh equity at a post-money valuation north of $1 billion, lifting it into an exclusive club of local unicorns and showing the support of existing investors despite the risks COVID-19 present to business banking.
FAB Switzerland renews its long-term contract with Avaloq to continue the growth of its business
- 5 years 11 months ago
- Banking
The Swiss subsidiary of First Abu Dhabi Bank (FAB) has selected Avaloq’s business process as a service (BPaaS) solution for a further long-term contract to support the institution’s strong growth ambitions. The bank, which awarded the contract to Avaloq after a highly competitive tender process, has been working with the company since 2007 and was its first private banking client in Geneva.
Nearly 70% of small businesses will be cashless
- 5 years 11 months ago
- Banking
Research carried out by 3Gem for Amaiz, the business banking app, has revealed that 50% of small businesses have either become cashless or plan to as a result of Covid-19. Of the rest, over 18% already only took card and just 21% of small businesses have no plans to go cashless.
Tunisia’s Largest and Oldest Microfinance Institution Powers SME Banking and Supports Financial Inclusion with Temenos
Temenos (SIX: TEMN), the banking software company, today announced that Enda Tamweel (Enda) has gone live with cloud-native, cloud-agnostic Temenos Transact, the next generation core banking product.
Addition Financial partners with Backbase to provide personalized experiences to their members across all lines of business
- 5 years 11 months ago
- Banking
Leading digital-first banking software provider, Backbase, today announces that Lake Mary, Florida-based credit union, Addition Financial, has selected its omni-channel platform to optimize its user experience. Partnering with Backbase will provide Addition Financial the technology to innovate and differentiate from its competitors, allowing it to offer outstanding digital services for retail and business banking members.
British Business Bank announces new lenders under the bounce back loan scheme for smaller businesses
Today the British Business Bank has announced that it has approved three new lenders for accreditation under the Bounce Bank Loan Scheme. The scheme is intended to target small and micro businesses in all sectors, with loans from £2k up to 25% of the business’ turnover with a maximum loan of £50k.
Countingup raises £4m to accelerate banking and accounting for small businesses
- 5 years 11 months ago
- Banking, Accounting
Countingup, the business current account that automates your accounting, has received the backing of leading fintech investors. The London-based startup has raised £4m in a bridge round of financing led by ING Ventures with co-investment from Triple Point, CVentures and BiG Start Ventures. All are backing the company’s vision to be the one financial hub for 1m small businesses. In the two years since Countingup launched, it now boasts more than... more
Conferma Pay and Visa to launch Virtual Card Payments Globally via Mobile App
- 5 years 11 months ago
- Payments, Online Banking
Fintech leader Conferma Pay has teamed up with Visa to integrate Visa virtual cards in the Conferma Pay mobile app. This solution is now globally available to Visa’s commercial bank clients, allowing them to bring the Conferma Pay app to their corporate customers as part of Visa’s broader technology offering.
