MHB-Bank becomes Raisin Bank – Focus on Banking-as-a-Service for Fintechs
- 5 years 6 months ago
- Banking, Retail Banking
The Berlin-based fintech Raisin continues to expand. Following the successful conclusion of ownership control procedures by Germany’s Federal Financial Supervisory Authority (known as BaFin), Raisin has taken over MHB-Bank as sole owner, thus becoming the first fintech in Germany to buy a bank. Since Raisin launched in 2013, the Frankfurt-based bank has been Raisin’s servicing bank in Germany and Austria. From this business partnership a close... more
Temenos acquires Kony, the US #1 digital banking SaaS company
Temenos (SIX: TEMN), the banking software company, today announced it is strengthening its Executive Committee and North America leadership team, following its previously announced acquisition of Kony, Inc., the fast growing US #1 digital banking SaaS company. Thomas E. Hogan, Chairman and CEO of Kony, will be appointed as the President of Temenos North America and a member of the Temenos Executive Committee. This appointment will become... more
Varo Leads Customer-First Banking with Launch of No Fee Overdraft
- 5 years 6 months ago
- Mobile Banking
In a move to help millions of Americans have access to a fee-free safety net, mobile banking company Varo Money, Inc. announced today No Fee Overdraft, a feature where customers can overdraft their bank account balance up to $50 with no fee and no interest when they meet certain eligibility requirements.*
Affinity Mortgages drive faster client service through partnership with Mortgage Brain
- 5 years 6 months ago
- Retail Banking
Mortgage adviser, Affinity Mortgages have chosen Mortgage Brain as its partner to help drive efficiency across the business. The new partnership enables Affinity to benefit from The Key, Mortgage Brain’s point-of-sale compliance and CRM system and its integration with MortgageBrain Anywhere, Mortgage Brain’s online sourcing system.
Lending specialist B-North appoints British Business Bank founding Chair
- 5 years 6 months ago
- Banking, P2P Lending
B-North, the Manchester-based firm building an SME lending bank for the UK, has announced the appointment of Ron Emerson CBE as its Chairman, effective from 16 September. Ron was the founding Chairman of the British Business Bank (BBB), the UK government's economic development bank aimed at improving access to finance for the small and mid-sized business sector.
Oromia Bank Goes Live with Upgraded Solution
- 5 years 6 months ago
- Banking, Islamic Finance
Oromia International Bank, a decade-old private commercial bank, has gone live with an advanced core banking solution. ICS Financial System (ICSFS), a company from the United Kingdom, developed the system that works for interest-free, corporate internet, retail and mobile banking services. The system was fully implemented last month after the duo signed the agreement two years ago. ICSFS secured the project after vying with seven other companies... more
Founder and current CEO, Steve Kirsch, to assume Chief Innovation Officer role
- 5 years 6 months ago
- Platform Technology, Banking
Leading open banking platform provider, Token.io, today announces the appointment of Todd Clyde to the position of CEO, effective immediately. Token’s Founder and current CEO, Steve Kirsch, assumes the role of Chief Innovation Officer and retains his position on Token’s Board. Todd assumes the leadership role following three successful years as Token’s COO.
Nomanini raises $4m in funding round led by Standard Bank
- 5 years 6 months ago
- Platform Technology, Banking
Nomanini, the pioneering fintech platform for the informal retail ecosystem, has today announced a $4m funding round led by Standard Bank, Africa’s largest bank, and completed by Goodwell Investments, an Amsterdam-based investment firm focused on fintech and financial inclusion.
Citi APIs for Treasury Services Reach a New Milestone
- 5 years 6 months ago
- Banking, Wholesale Banking
CitiConnect®, Citi's API connectivity platform has reached a new milestone, with more than 157 million API calls processed since its launch in November 2016. The APIs for Treasury Services, accessed through CitiConnect®, allow clients to seamlessly access a growing number of Citi solutions directly into their treasury workstations or enterprise resource platforms (ERP). Of the total API calls, the majority were from companies located in the Asia... more
SEBA receives FINMA banking and securities dealer licence allowing it to close the gap between traditional and digital asset markets
- 5 years 6 months ago
- Banking
SEBA Crypto AG (SEBA) announced it has successfully obtained a banking and securities dealer licence* from the Swiss regulator FINMA. This represents a milestone for the entire digital asset market ecosystem, as a new secure and integrated access point to the crypto world is now available. The 2018 founded start-up, led by CEO Guido Bühler, has successfully built a licenced and supervised bank within 17 months. The official go-live is expected... more
Meniga appoints Arpit Kaushik as COO
- 5 years 6 months ago
- Banking, People Moves
Meniga welcomes Arpit Kaushik as Meniga’s new Chief Operating Officer. Based out of Meniga’s London office, Arpit will be responsible for engineering, professional services, infrastructure services, global sales, and operations. For the past decade, Arpit has been building and developing high-performance teams within the technology sector in senior roles including Digital General Manager, Banking & Capital Markets at DXC Technology, General... more
Onfido joined by Monese, Seedrs, Curve and B-Social in testing portable identity
- 5 years 6 months ago
- Retail Banking
Onfido announce today that leading UK FinTechs Monese, Seedrs, Curve and B-Social are joining with us in the FCA regulatory sandbox test, alongside tech partners Evernym and Deloitte, to demonstrate that there’s a better, safer and more secure way to make identity verification work for both customers and businesses.
TruNarrative provides cutting-edge compliance platform for FinTech money innovator Tally®
- 5 years 6 months ago
- Digital Identity, Banking
Financial crime and compliance software firm TruNarrative has been appointed by cutting-edge banking app Tally®, to enhance the customer onboarding and identity verification processes. Tally® is the first banking app to offer consumers an alternative physical asset currency for everyday spending – where one Tally® is one milligram of vaulted gold owned by the customer – through the Tally® platform and debit Mastercard®, like a regular bank... more
Standard Chartered Bank joined with SAP Ariba to bring financial supply chain solutions to the world’s largest digital business network
- 5 years 6 months ago
- Banking
Standard Chartered Bank and SAP Ariba today announced a strategic collaboration to make the Bank’s financial supply chain solutions easily accessible to businesses in the Asia Pacific region through Ariba Network, the world’s largest digital business network connecting more than 4.2 million companies in 190 countries.
Avaloq successfully onboards Banque Morval onto Intesa Sanpaolo’s BPaaS solution in just nine months
- 5 years 6 months ago
- Banking
Intesa Sanpaolo Private Bank (Suisse) SA and Avaloq have successfully onboarded Banque Morval onto Avaloq's Business Process as a Service (BPaaS) solution in just nine months. The merger of Intesa Sanpaolo Private Bank (Suisse), the Italian Intesa Sanpaolo group’s Swiss private banking subsidiary, and Banque Morval was completed in April last year and created the new legal entity Intesa Sanpaolo Private Bank (Suisse) Morval.
