17/04 – Weekly Fintech Recap
- 1 year 7 months ago
- Payments, Banking, M&A Deals, People Moves
Partnerships OKX Wallet Announces Blur Partnership, Revamps OKX Earn
Alif Records Over 121% Year-on-year Growth, User Numbers Rise to 1.5 Million
- 1 year 7 months ago
- Islamic Finance
Alif, a renowned Islamic fintech and neobank based in Central Asia, has recorded over 121% year-on-year growth. Operating as a fully licensed bank in Tajikistan and an e-commerce and fintech company in Uzbekistan, Alif’s total number of users has surpassed 1.5 million, with a 72% annual increase in customer numbers alone in 2022.
New 200 Million Euro Agreement Between EIB and illimity to Support SMEs
- 1 year 7 months ago
- Banking
The European Investment Bank (the “EIB”) and illimity Bank S.p.A. (“illimity” or the “Bank”) have finalized an agreement worth 200 million euro aimed at supporting the working capital and liquidity needs of SMEs, with specific emphasis being given to sustainable investments and businesses operating in the Cohesion Regions.
Amid Unexpected Inflation, Over Half of UK Consumers Consider Using Checkout Finance to Help Manage Their Finances
- 1 year 7 months ago
- Alternative Finance
New data released today by checkout finance platform, Divido, has found 58.3% of consumers see checkout finance as a tool for helping them manage their finances.
Capital Bank Goes Live with Finastra to Support Strong Growth in Corporate Banking Business
- 1 year 7 months ago
- Corporate Banking
Finastra, a global provider of financial software applications and marketplaces, today announced that Capital Bank, a leading financial institution with commercial and investment banking expertise, has gone live with Finastra’s Corporate Channels and will soon follow with Trade Innovation as well as other Corporate Channels modules.
Top US-Based Bank Selects Temenos for Core Banking Modernization in the Cloud
- 1 year 7 months ago
- Core Banking
Temenos today announced that Regions Bank, a top bank in the US, has selected Temenos to modernize its legacy systems for customers’ records and deposits on the Temenos Banking Cloud. The move to software as a service (SaaS) will enable Regions Bank to deliver more seamless customer experiences and more personalized banking products and services designed to help consumers and businesses reach their financial goals.
SWK Bank Moves from Bingen to Mainz
- 1 year 7 months ago
- Banking
SWK Bank, one of Germany's leading service and direct banks, will move from its current headquarters in Bingen to Mainz. The new office space in Mainz has been specially designed to promote cooperation between the teams and individual divisions to support the bank's further growth. The Bank is planning a 2-location strategy: the back office will continue to work from Bingen, the other departments from the new location in Mainz. The head office... more
Societe Generale and Lemonway Partner to Support the Growth of Large Corporates’ B2B Marketplaces in Europe
- 1 year 7 months ago
- Banking
Societe Generale, one of Europe’s leading banking groups, and Lemonway, an ACPR-licensed pan-European payment institution, have signed a commercial partnership to deliver payment services to large corporates in Western Europe, launching B2B marketplaces. With complementary approaches, these two firms have committed to adequately addressing the growing needs of corporates in the booming B2B marketplace sector.
10/04 – Weekly Fintech Recap
- 1 year 7 months ago
- Banking, FinTech StartUps, M&A Deals, People Moves
Partnerships Union Credit, TransUnion Partner to Provide Consumers with Embedded e-Commerce Options from Credit Unions
BACB Announces Exceptional Results and CEO Succession
- 1 year 7 months ago
- Banking
British Arab Commercial Bank (BACB), the UK-regulated, specialist trade finance bank has announced that today the Board of BACB Plc approved the 2022 financial statements which confirm that the Bank has successfully navigated challenging market conditions and delivered exceptional overall results. This is testament to the extensive efforts over the past two years to reshape and reposition the Bank through its strategy of Safe, Sustainable,... more
African Islamic Finance Awards Distribution Ceremony will be Held in the Gambia
- 1 year 7 months ago
- Islamic Finance
African Islamic Finance Awards distribution ceremony will be held along with 10th African Islamic Finance Summit which is scheduled on 3rd May 2023 in Sir Dawda Kairaba Jawara International Conference Center, The Gambia with the Theme, lets encourage the African Islamic Banking and Takaful Industry. AlHuda Centre of Islamic Banking and Economics (CIBE) is organizing Africa Islamic Finance Awards. Africa is the world’s second-largest and most... more
BNP Paribas Extends Partnership with Worldline to Reduce SEPA Direct Debit Fraud
- 1 year 7 months ago
- Banking
BNP Paribas Cash Management has selected Worldline, a global leader in payments services, to reduce fraud in SEPA Direct Debit transactions. BNP Paribas has implemented Worldline’s solution, which combines the electronic signature of SEPA mandates with Open Banking-based account validation, in Germany, Italy and France, with additional countries to follow in a few months.
Gatehouse Bank Named UK’s Most Innovative and Best Islamic Bank
- 1 year 7 months ago
- Islamic Finance
Gatehouse Bank has been named the ‘Best Islamic Bank in the United Kingdom’ and the ‘Most Innovative Bank in the United Kingdom’. The Shariah-compliant challenger Bank was given the accolades by the international media group, Islamic Finance News (IFN), following a record number of votes in its most recent Best Banks Poll – Country, which honours outstanding Islamic banks in key financial markets.
8th Kickstart Innovation Program Launched with a Continued Focus On Sustainability and Circular Economy with Over 40 Public and Private Players in Switzerland
- 1 year 7 months ago
- Alternative Finance
“We have been a Global Partner of Kickstart since its founding in 2016. Together with our in-house experts, Kickstart defines relevant topics and looks for promising startups.
Lloyds Bank And Enigio Launch New Trade Digitisation Partnership
- 1 year 7 months ago
- Banking
Lloyds Bank and Enigio have launched a new long-term partnership to support greater use of digital documentation in trade finance through the use of blockchain technology.
