10/04 – Weekly Fintech Recap
- 3 years 6 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
- 3 years 6 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
BNP Paribas Extends Partnership with Worldline to Reduce SEPA Direct Debit Fraud
- 3 years 6 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.
Lloyds Bank And Enigio Launch New Trade Digitisation Partnership
- 3 years 6 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.
Central Bank of UAE (CBUAE) Selects R3, G42 Cloud and Clifford Chance to Assist in Implementing its CBDC Strategy
- 3 years 6 months ago
- Banking
The Central Bank of the UAE (CBUAE) has launched its Central Bank Digital Currency (CBDC) Implementation Strategy in collaboration with R3, G42 Cloud and Clifford Chance. For Phase 1, R3 and G42 Cloud have been selected as the technology and infrastructure providers of the initiative respectively, while Clifford Chance will provide critical legal oversight for the strategy.
Allica Bank Ramps Up SME Support with Refreshed Credit Appetite
- 3 years 6 months ago
- Banking
Allica Bank has made significant changes to its commercial mortgage credit appetite with cuts to its stress-testing and Debt Service Cover Ratio (DCSR) requirements across all products, and an increase in its maximum Loan to Values (LTV) for prime owner-occupied commercial mortgages. It has also reduced the DSCR requirement for its asset finance product.
Key Environmental Trends To Look Out For Across The Fintech Industry
- 3 years 6 months ago
- Banking
There are a growing number of eco-minded customers being drawn to fintech services, as it is easier to measure the green credentials of newer players than those operating in traditional finance. This is according to virtual payment card provider Lanistar.
Allfunds Tech Solutions Announces New Partnership with UniCredit
- 3 years 6 months ago
- Banking
Allfunds Tech Solutions, the bespoke digital solutions arm of Allfunds specialising in harnessing the power of digital transformation for clients across the financial services industry, today announces a new partnership with UniCredit, the pan-European commercial bank.
8th Edition Connected Banking Summit Southern Africa-Formerly Africa Digital Banking Summit-Innovation and Excellence Awards
- 3 years 6 months ago
- Banking
The 8th Edition of the Connected Banking Summit Southern Africa is set to take place on May 24, 2023, in Johannesburg, South Africa, bringing together top executives, experts, and leaders from the banking and financial services industry.
HSBC’s UK CEO Ian Stuart Confirmed to Speak at Money20/20 Europe
- 3 years 6 months ago
- Banking
Money20/20, the world’s leading fintech show is announcing that HSBC UK Chief Executive Officer Ian Stuart is confirmed to speak at Money20/20 Europe in Amsterdam on June 6th at 1:15 pm on the Money20/20 Encore sta
Paymentology and Wio Bank PJSC Transform Banking Across the UAE
- 3 years 6 months ago
- Banking
Paymentology, the leading global issuer-processor, has joined forces with Wio Bank PJSC, the region’s first platform bank, to power its innovative banking model with customer-centric card payment services.
Mahalo Banking Selected as Finalist in NACUSO’s Next Big Idea Competition for its Next-Generation Digital Banking Solution
- 3 years 6 months ago
- Banking
Mahalo Banking, a CUSO that provides online and mobile banking solutions for credit unions, has been selected as one of five finalists in the National Association of Credit Union Service Organizations’ (NACUSO)
Gateshead Entrepreneur Looks to Expand Property Business After Securing Six-figure Finance Deal
- 3 years 6 months ago
- Banking
A Gateshead-based entrepreneur and property developer is looking to drive growth and diversify into the assisted-living space after securing a six-figure business funding deal with Reward Finance Group.
What Banks and Fintechs Should Know About Payments in the Metaverse
- 3 years 6 months ago
- Banking
People spend $54 billion every year on purchasing virtual goods in what they know as the metaverse. What do they mean? Is there going to be just one metaverse or many? And why are financial institutions around the world exploring different ways to establish themselves in this new value chain? The metaverse is expected to become a lucrative source of revenue and an innovation hub for financial institutions. With this new report from OpenWay, a... more
Baker Hill’s NextGenÒ Banker Application Nominated for Product Innovation of the Year in TechPoint’s 24th Annual Mira Awards
- 3 years 7 months ago
- Banking
Baker Hill, a leading financial technology provider in delivering solutions for loan origination, risk management and analytics, announced its Baker Hill NextGen® Banker Application was named a Product Innovation of the Year nominee by TechPoint for the 24th annual Mira Awards. The TechPoint Mira Awards are Indiana’s largest and most prestigious technology awards, and the annual awards gala will celebrate the “Best of Tech” in Indiana at the JW... more
