Monument Has Reached £3 Billion in Customer Deposits
- 4 months 4 days ago
- Banking
Monument Bank has achieved a significant milestone, surpassing £3bn in client deposits, marking a £1bn increase in just over ten weeks. This achievement reflects a robust start to Q3, during which the bank has doubled its client base within six months. Ian Rand, CEO of Monument, expressed his satisfaction with this rapid growth, stating,
Sopra Banking Software Announces Strategic Partnership with Finom to Enhance Compliance and Security in the French Fintech Market
- 4 months 5 days ago
- Banking
Sopra Banking Software (SBS) announces a strategic partnership with Finom, an innovative financial services provider dedicated to SMEs and entrepreneurs. This partnership aims to provide comprehensive compliance and user verification services, ensuring the highest standards of regulatory compliance and security in the French fintech market.
Should Canada’s Banks Partner with Digital Competitors?
- 4 months 5 days ago
- Banking
For 90% of Canadian banking customers, saving is a top priority, but where they’re placing their money is shifting, according to a new report released today. The Banking Disruption Index from global digital transformation company GFT finds that 57% of consumers still prefer to save their money at traditional banks. Digital challengers like neobanks, however, are catching up with them, with 24% of Canadians saying they prefer to save with these... more
Monzo Launches Account for Children Under 16
- 4 months 1 week ago
- Banking
Digital bank Monzo has announced a new account called Monzo for Under 16s, targeting children aged six to 15.
Six Consecutive Months of Growth for More Than Half of UK Sectors
- 4 months 1 week ago
- Banking
Eight out of 14 UK sectors saw output grow in June, according to the latest data from the Lloyds Bank UK Sector Tracker. While this was three fewer than in May (11) when the Tracker reported a 15-month high when the economy moved back into growth mode, June was the first time since 2022 that more than half of UK sectors had been growing for six months in a row.
Elwood Sells OTC Business to Zodia Markets in Landmark Deal
- 4 months 1 week ago
- Banking
Elwood Technologies ("Elwood"), a leading provider of digital asset execution and portfolio management software, and Zodia Markets, a prominent UK-headquartered digital asset trading business backed by Standard Chartered, are pleased to announce that Zodia Markets has agreed to acquire Elwood Capital Management Ltd ("ECML"), Elwood's Digital Asset OTC trading business based in Jersey and regulated by the Jersey Financial Services Commission.
SAMA Launches Government Banking Services Platform 'Naqd'
- 4 months 1 week ago
- Banking
The Saudi Central Bank (SAMA) has introduced "Naqd," a government banking services platform. This platform enables government agencies to conveniently access their accounts at the central bank and carry out financial transactions securely on a digital platform.
Onbe and ZSuite Tech Partner to Deliver Digital Payout Solutions for Banks and Their Clients
- 4 months 1 week ago
- Banking
Onbe, a leading corporate payouts platform, today announces its partnership with ZSuite Tech, a high-growth fintech innovator with a focus on commercial escrow and subaccounting. The partnership will provide an embedded digital disbursement option for the more than 90 U.S. banks that use ZSuite Tech, allowing them to offer a simplified and cost-efficient mechanism for issuing payments through popular methods including virtual cards, ACH, push to... more
Griffin Earns B Corp Certification, Reinforcing its Commitment to Build a Business with a Positive Impact on the World
- 4 months 1 week ago
- Banking
Griffin, the UK’s leading bank for fintechs, is thrilled to announce that it is now a certified B Corp - the global community of companies committed to high standards of social and environmental performance, transparency, and accountability. This milestone reinforces Griffin’s dedication to embedding sustainable and ethical business practices into its operations at all levels.
Experian Welcomes Lloyds Banking Group to Support Hub
- 4 months 2 weeks ago
- Banking
Experian today announces Lloyds Banking Group (LBG) as the newest partner of its Support Hub service. As part of Experian Support Hub, LBG, home of some of the UK’s most well-known banking brands including Lloyds, Halifax and Bank of Scotland, will be able to offer their customers the opportunity to share their access and support needs with them in a simple, standardised way.
First Federal Bank of Kansas City Selects Jack Henry for Growth and Innovation
- 4 months 2 weeks ago
- Banking
Jack Henry™ announced today that First Federal Bank of Kansas City (FFBKC) has selected Jack Henry for growth and innovation.
Llyods' Your Credit Score Reaches 10 Million Registered Users
- 4 months 2 weeks ago
- Banking
Last week, Your Credit Score, a free, in-app credit check tool available to all our Internet Banking customers, reached a remarkable milestone of 10 million registered users. We are thrilled to see so many of our customers benefiting from and quickly taking advantage of the support we offer.
AlHuda CIBE: Mission to Strengthen Islamic Banking and Finance in West Africa
- 4 months 2 weeks ago
- Islamic Finance
AlHuda Centre of Islamic Banking and Economics (CIBE) top management visited the heart of Francophone markets Senegal, Ivory Coast, Mauritania and Guinea. The key objective of the visit was to analyze, evaluate and understanding about financial markets, adoptability and scope for Islamic Finance Industry.
Handelsbanken Norway Extends Agreement With Tietoevry Banking for Another Five Years
- 4 months 2 weeks ago
- Banking
Handelsbanken Norway has entered into a new agreement with Tietoevry Banking for the delivery of a complete solution portfolio, including core banking, card and payment solutions, wealth management, as well as solutions for combating financial crime.
Lenovo Launches Trustly’s Open Banking at Checkout in the UK and Europe
- 4 months 3 weeks ago
- Banking
Lenovo, the global technology powerhouse, is launching a new Open Banking at checkout service for its customers in the UK and continental Europe. The checkout technology will be provided by Trustly, the global leader in open banking payments. Lenovo is offering the new technology to its customers as a quick, easy, and safe way to pay. The service will provide customers with an alternative payment method that is less vulnerable to fraud,... more
