Monument Bank and Persistent Partner in the Creation of New Digital Banking Infrastructure
- 2 years 4 months ago
- Banking
Monument Bank, UK’s first neo bank focused on the needs of the ~4.8 million ‘mass affluent’, has partnered with Persistent Systems, a Global Digital Engineering provider to build a bespoke, cloud-native digital banking platform for lending and deposit services to support Monument’s ongoing operations. Monument’s target clients are usually pressed for time and often feel underserved and undervalued by other banking providers.
Profile Presents its New Solution Acumen.plus Loan Portfolio Management
- 2 years 4 months ago
- Banking
Profile Software, an international financial solutions provider, announced today the launch of its pioneering solution Acumen.plus Loan Portfolio Management for corporates. It offers unique support to corporates including shipping firms and family offices with powerful loan management functionality as well as risk management in specific areas whilst having an extensive range of functions across financial instruments.
India's Yes Bank to Sell Stake to Private Equity Firms for $1.1B
- 2 years 4 months ago
- Banking
Private equity giants, Carlyle and Advent International have announced their plans to acquire a 10% stake in YES Bank, one of India’s largest private sector banks, as part of a $1.1 billion capital raise.
01/08 – Weekly Fintech Recap
- 2 years 4 months ago
- Artificial Intelligence, Blockchain, Digital banking, Payments, Banking, FinTech StartUps, IT Innovations, M&A Deals, People Moves
Partnerships Microsoft and Nexi Drive Payments Digitisation in Europe
Lloyds Banking Group to Lose 66 More Bank Branches
- 2 years 4 months ago
- Banking
Lloyds Banking Group has identified another 66 branches for closure over the next few months. The UK lender will shut 48 Lloyds Bank branches and 18 Halifax branches between October and February. The move continues a sustained programme of branch shutdowns from the bank as more customers choose to do their banking online.
NCR Delivers Services to Run Bank of New Zealand’s ATM Network
- 2 years 4 months ago
- Banking
NCR Corporation, (NYSE: NCR), a leading enterprise technology provider, today announced a strategic relationship with the Bank of New Zealand (BNZ), one of the largest banks in the country. Through its robust NCR ATM as a Service solution, NCR will run the bank’s ATM fleet as part of BNZ’s digital transformation.
Alif Records 150%+ Year-on-year Revenue Growth, Surpassing 1 Million + Users
- 2 years 4 months ago
- Banking
Alif, a Central Asian Fintech operating as a full-fledged Bank in Tajikistan and as an e-commerce & fintech company in Uzbekistan, has announced a record 150%+ year-on-year revenue growth in the 12 months leading to June 2022. During the same period, the total number of Alif users has surpassed 1 million, marking a 66% year-on-year increase in customers.
Ayoconnect launches direct debit with 7 of Indonesia’s Biggest Banks
- 2 years 4 months ago
- Banking
Ayoconnect, Southeast Asia's largest open finance platform, has launched an open finance API that provides Indonesian companies including non-banking financial institutions such as insurance companies and lenders, with recurring capabilities that can instantly debit from customers’ saving accounts across multiple banks.
CMA Calls Out Monzo for Breaching Banking Rules
- 2 years 4 months ago
- Banking
Monzo has been ordered to comply with banking rules after failing to send thousands of customers their historic financial transactions when leaving the digital bank.
Gatehouse Bank Receives Investment Grade Rating from Moody’s Investor Service
- 2 years 4 months ago
- Islamic Finance
Credit rating agency, Moody’s Investor Service, has today assigned Gatehouse Bank an investment grade credit rating of Baa3 BCA with a long-term stable outlook.
Temenos and Wipro Announce Global Strategic Partnership to Accelerate Digital Transformation in Banking
- 2 years 4 months ago
- Banking
Temenos and Wipro Limited announced an expanded partnership to help banks of every size accelerate their modernization journey. This expanded partnership will enable banks across varying scales to accelerate their go-to-market strategies in regions including the United States, the U.K and Australia.
Solarisbank Rebrands as Solaris
- 2 years 4 months ago
- Banking
European fintech platform, Solarisbank has recently announced that the company has changed its name to ‘Solaris’. The company noted that the rebrand represents its evolution. Amid the latest global expansion activities, the fintech platform has been able to grow its team to over 750 employees.
Al Sanam Islamic Bank Selects ICS BANKS Islamic Banking Solution from ICSFS
- 2 years 4 months ago
- Islamic Finance
Al Sanam Islamic bank, a newly-established Islamic bank in Iraq, has selected ICS BANKS Islamic Banking software solution from ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions.
24/07 – Weekly Fintech Recap
- 2 years 4 months ago
- Artificial Intelligence, Blockchain, Open Banking, Payments, Banking, FinTech StartUps, IT Innovations, M&A Deals, People Moves
Partnerships PayMate B2B Customers to Make Utility Bill Payments Using Visa Commercial Credit Cards
BFSI Leaders in India are Gathering to Discuss the Roadmap for the Future of the BFSI Sector in the Country
- 2 years 4 months ago
- Banking
Officially supported by NITI Aayog, the 10th edition of Big BFSI Future Tech Show & Awards is convening top-tier CXOs in India; to exchange information and effective techniques as they prepare for the next phase of tech-powered growth in India. Big BFSI Show and Awards is set to take place on 27 July 2022 at the Taj Lands End in Mumbai.
