HSBC Becomes First Bank to Join the UK’s Pioneering Commercial Quantum Secure Metro Network
- 1 year 4 months ago
- Banking
HSBC is the first bank to join BT and Toshiba’s quantum-secured metro network - connecting two UK sites using Quantum Key Distribution (QKD) to prepare its global operations against future cyber threats. This technology will be trialled in multiple scenarios, including financial transactions, secure video communications and one-time-pad encryption, as well as AWS edge computing capabilities using an AWS Snowball Edge device.
ESG and Customer Experience: New Study Reveals Priorities of European Banks, Wealth and Asset Managers
- 1 year 4 months ago
- Banking
The financial sector in Europe is undergoing a profound transition. The war in Ukraine, high inflation and the threat of recession have put pressure on the profitability of players. The figures speak for themselves: over 52 percent of the banks and wealth managers surveyed stated that they intend to tackle full-spectrum digitisation projects within the next two years in order to remain competitive. While more than 40 percent are already working... more
Saxo Bank Announces Sale of Fintech Joint Venture to Geely Group, Receiving Saxo Bank Shares in Return
- 1 year 4 months ago
- Banking
Strengthening its focus on core business and markets, Saxo Bank divests its stake in Saxo Geely Tech Holding A/S (Saxo Fintech) with the sale to Geely Group and receives Saxo Bank shares as part of the transaction. After a process of diligent evaluation and strategic assessment, Saxo Bank can today announce the sale of its stake in the joint venture Saxo Geely Tech Holding A/S (Saxo Fintech) to Geely Group.
Liberis Launches Cashback for Green - a Funding Initiative that Rewards Sustainable SMEs
- 1 year 4 months ago
- Alternative Finance
Liberis, a leading global embedded finance platform, is reinforcing their commitment to responsible and sustainable investment practices by developing Cashback for Green, responding to the growing appetite from their SME customers for green funding solutions.
European Investment Fund (EIF) and SME Bank Partner on €157M SME Financing Package
- 1 year 4 months ago
- Banking
SME Bank, the neobank startup that offers banking and financial services specifically for small- and medium-sized enterprises, has signed a new partnership contract with the European Investment Fund (EIF) unlocking €157 million in loans (€65 million of which has already been financed) to foster growth and development among SMEs across the Baltics, Finland, and the Netherlands.
Mascoma Bank Partners with VSoft & Implements its OnView Deposit Suite
- 1 year 4 months ago
- Banking
VSoft Corporation, a global leader in providing information and technology solutions for financial institutions, announced today that Mascoma Bank has chosen to implement the company’s OnView Deposit product suite, which includes its Teller Deposit, Branch Deposit, and ATM Deposit solutions.
Natwest Launches Business Banking Switcher Offer For SMEs
- 1 year 4 months ago
- Banking
NatWest, the UK’s biggest bank for business, is offering 24 months of free business banking to UK businesses switching their main business banking account to NatWest. The new SME switcher offer from NatWest for businesses with up to £2m in turnover comes at a time when customers could benefit from a reduction or break in their banking fees.
Capital Union Bank Launches New Online Banking (eBanking) Platform and Deepens Partnership with Avaloq to Enhance Core Platform
- 1 year 4 months ago
- Online Banking
Bahamas-based Capital Union Bank has gone live with Avaloq’s Web Banking and is upgrading its core banking system with new modules and features based on joint innovation with Avaloq, a leading provider of wealth management technology.
Natwest and WWF Announce Strategic Partnership for Uk Food and Agriculture
- 1 year 5 months ago
- Banking
NatWest, the UK’s number one commercial bank, and WWF, the world’s leading independent conservation organisation, have announced a new strategic partnership to support a sustainable transition for the UK food and agricultural sectors.
Saxo Bank Attains SIFI Designation from Danish FSA, Reflecting its Important Role in Financial System
- 1 year 5 months ago
- Banking
Today, Saxo Bank announces its official designation as a Systemically Important Financial Institution (SIFI) by the Danish Financial Supervisory Authority (FSA). This significant milestone solidifies Saxo Bank's role in the financial system and reaffirms its commitment to being a trusted partner for clients, partners, and other stakeholders across markets.
Zelig Advises Arex Markets on Sale to Bankable
- 1 year 5 months ago
- Banking
Zelig is delighted to announce that it acted as sole financial advisor to Arex Markets on its sale to Bankable. This transaction gives the combined company the ability to offer new Credit-as-a-Service functionalities to its customer base and to embed the provision of credit and working capital into the payment flows of established neobanks, multinational brands and fintech platforms.
Divido Launches ‘Finance Matcher’ Tool to Help Merchants Pair Consumers with Affordable Finance Repayment Plans
- 1 year 5 months ago
- Alternative Finance
Checkout finance platform Divido today launches ‘Finance Matcher’, a new tool to support UK consumers in finding checkout finance repayment plans that they can afford, supporting merchants to boost sales without compromising on responsible lending standards.
SAP Fioneer Launches Tailored SME Banking Offering
- 1 year 5 months ago
- Banking
SAP Fioneer, a leading global provider of financial services software solutions and platforms, has announced the launch of its Fioneer SME Banking Edition. The solution will enable banks and neobanks to offer banking capabilities in a digital-first and data-driven approach, tailored to the financial needs of small and medium-sized enterprises (SMEs) – a historically underserved market segment.
43 Banks Among Winners in the 2023 Infosys Finacle Innovation Awards
- 1 year 5 months ago
- Banking
Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys, today announced the winners of the annual Infosys Finacle Innovation Awards 2023. 43 financial institutions from across the world were recognized for actively pursuing innovative strategies to differentiate themselves and maintain a competitive edge in the banking industry.
Crown Agents Bank Joins the World Economic Forum New Champions Community
- 1 year 5 months ago
- Banking
Crown Agents Bank, a market leader in B2B cross-border payments and foreign exchange, specialising in emerging markets, today announced it has joined the World Economic Forum’s (WEF) New Champions Community.
