InvestCloud Supports Rabobank to Bring Digital Financial Planning to All Levels of Wealth
- 2 years 4 months ago
- Banking
InvestCloud, the global leader in digital transformation for the financial industry, today announced it is supporting Rabobank, one of the Netherlands’ largest banks, to provide digital financial planning for all its customers, from private banking to retail clients.
Starling Bank Reports First Full Year Profit
- 2 years 4 months ago
- Banking
Starling Bank today reports its first full year of profitability. The digital bank swung to a pre-tax profit of £32.1 million for the financial year ending 31 March 2022 from a pre-tax loss of £31.5 million for the period to 31 March 2021. Revenue for the same period to 31 March 2022 was £188 million. Starling’s previous financial year, to 31 March 2021, covered a 16-month period to reflect a change in the timing of the bank’s financial... more
BankiFi Expands Operations into North America
- 2 years 4 months ago
- Banking
BankiFi, an embedded banking solutions provider, announced its expansion into North America with the launch of BankiFi Americas. The organisation’s growth and expansion into the U.S. market will support the unique digitisation and payment modernisation requirements of SMBs while placing financial institutions at the heart of the relationship.
Recovery Loan Scheme Offers Over £4.5B of Lending to Smaller Businesses
- 2 years 4 months ago
- Banking
The British Business Bank announces today that, through the Recovery Loan Scheme, accredited lenders have offered over £4.5bn to smaller UK businesses as they steer a path towards a sustainable recovery. Of the £4.51bn of total funding offered through 20,643 facilities, £3.83bn has been drawn down through 18,338 facilities.
FCA Highlights Financial Crime Concerns to Challenger Banks
- 2 years 4 months ago
- Banking
A review by the Financial Conduct Authority (FCA), conducted over 2021, has raised concerns over the financial crime controls of challenger banks, finding a rise in the number of Suspicious Activity Reports (SARs). The review included an in-depth focus on six challenger retail banks, primarily consisting of digital banks covering over 8 million customers.
18/07 – Weekly Fintech Recap
- 2 years 4 months ago
- Artificial Intelligence, Blockchain, Security and Compliance, Payments, Banking, M&A Deals, People Moves
Partnerships Blockpass and BlockOn Capital Partner over India Blockchain Week
Worldline and Casio Enter into Strategic Partnership to Simplify Card Acceptance for Merchants in Japan
- 2 years 4 months ago
- Banking
Worldline, a global leader in payment services, and Casio Computer announce they have agreed on a strategic business alliance to facilitate card payments and cashless shopping in Japan, a market with huge potential to overturn its conservative retail landscape.
Sell-side Makes Significant Progress on Derivatives Clearing Capacity and Give-ups
- 2 years 4 months ago
- Banking
Derivatives clearing banks’ post-trade systems performed significantly better during the volatility of Q1 2022 when compared to their performance during the initial outbreak of the Covid-19 pandemic, despite being tested with higher volumes, a study by Acuiti has found.
United Trust Bank Asset Finance Chooses Workato to Power Connectivity and Integration to its New Alfa Digital Platform
- 2 years 4 months ago
- Banking
United Trust Bank (UTB) has chosen the leading enterprise automation platform Workato to provide the software integration layer which will enable the Bank to connect and integrate a wide variety of powerful tools and apps to its new core Asset Finance digital platform.
Finastra and HSBC Collaborate to Bring Banking as a Service FX Capability to Mid-tier Banks
- 2 years 4 months ago
- Banking
Finastra and HSBC announced today that they are working together to distribute HSBC’s FX services via Finastra’s FusionFabric.cloud platform under a Banking as a Service (BaaS) experience. This collaboration will take advantage of the best elements of modern API-driven connectivity with licensed institutions’ secure, regulated infrastructure.
ClearBank Enables Transition for Partner from EMI to Fully Licensed Bank
- 2 years 4 months ago
- Banking
ClearBank, the enabler of secure accounts, real-time clearing and embedded banking for financial institutions, today announced that it has been selected by Kroo to provide access to all UK payment schemes as well as accounts for its operational funds. Kroo recently secured a full UK banking licence, and ClearBank will continue to support Kroo on its mission to build the world’s greatest fully licenced social bank.
African Development Bank Group Approves Euro 50 Million Trade Finance Risk Participation Partnership with Societe Generale
- 2 years 4 months ago
- Banking
The Board of Directors of the African Development Bank Group on Wednesday 13 July approved a €50 million unfunded risk-sharing facility partnership with Societe Generale to further support trade finance activities across Africa. The facility will contribute to reducing Africa’s trade finance gap by enhancing Societe Generale’s risk-bearing capacity by up to fifty per cent, enabling it to provide increased confirmation limits to local issuing... more
Sinch Report Reveals Consumers Want Better Ways to Get Real-time Financial Services and Connect with Their Bank
- 2 years 4 months ago
- Banking
Consumers want far more personalized mobile banking experiences that make it easy for them to get real-time 1:1 support anywhere, says a survey of almost 3,000 consumers, commissioned by Sinch (Sinch AB (publ) – XSTO: SINCH).
SAP Fioneer Announces New Vertical Product Strategy to Cater for Banking and Insurance Customer Needs
- 2 years 4 months ago
- Banking
SAP Fioneer, a leading global provider of financial services software solutions and platforms, has announced the launch of a new vertical product strategy which significantly reshapes its offering to customers. Adopting a vertical approach, three platforms will provide IT solutions tailored to a specific market and customer needs enabling them to navigate an increasingly complex financial landscape.
Monneo Leads the Way for Banking as a Service with the Launch of New API
- 2 years 4 months ago
- Banking
Monneo, the complete end-to-end payment ecosystem provider, is leading the way for Banking as a Service (BaaS) as it launches a new application programming interface (API). Monneo’s BaaS partners and clients will be able to take advantage of the full spectrum of payments and transaction services, as well as benefit from its entire digital banking infrastructure set out within Monneo’s international banking network, without integration or set-up.
