British Business Bank appoints interim CEO
- 5 years 5 days ago
- People Moves
Catherine Lewis La Torre has been appointed Interim CEO of the Government-owned British Business Bank and will take up the role from 1 September. Catherine currently holds the position of CEO of the Bank’s two commercial subsidiaries, British Patient Capital and British Business Investments. In October 2019, Keith Morgan CBE announced that he would be standing down from the role of Chief Executive of the British Business Bank by the end of 2020...
Electroneum lists on CoinDCX, India’s largest and safest crypto exchange
- 5 years 6 days ago
- Cryptocurrencies
Following the March 2020 Central Bank of India (RBI) announcement lifting the banking ban on cryptocurrency, opening up one of the world's biggest markets and in response to a vast demand for ETN in that country, Electroneum announces its listing on CoinDCX, one of the nation's largest and most secure crypto exchanges.
Blue Prism automates US gov. PPP Process helping small businesses stay afloat
- 5 years 6 days ago
- Covid-19, Lending
Blue Prism has teamed-up with Lateetud and ABBYY to support the US government’s latest COVID-19 relief efforts for small businesses, by helping to automate loan applications during the two rounds of funding, $349 billion and $310 billion respectively, allocated by Congress as part of its
Ethoca & Aite release unique cardholder insights
- 5 years 6 days ago
- Payments, Mobile Banking
Ethoca, a Mastercard company, today announced the release of new research that reveals cardholders have a strong appetite for digital solutions that provide greater insight into their purchases.
British fintechs call on the Government to incentivise private investors to protect SMEs from collapse
- 5 years 6 days ago
- Covid-19
Buckworths, the UK’s only law firm working exclusively with start-ups and high growth businesses, has yesterday sent a letter to the Treasury requesting the introduction of measures to incentivise angel investors to invest in SMEs that have been adversely impacted by the COVID-19 pandemic.
TPAY MOBILE acquires Payguru, the leading payment platform in Turkey
- 5 years 6 days ago
- M&A Deals
TPAY MOBILE, the leading digital merchant acquirer and mobile payment enabler in the Middle East and Africa (MEA), has today announced the acquisition of 100% of the shares of Payguru, one of Turkey’s leading payment service providers. The transaction remains subject to approvals from the Central Bank of the Republic of Turkey (CBRT) and the Competition Authority.
Wirecard and Stocard team up to launch mobile payment feature and drive contactless payment adoption
- 5 years 6 days ago
- Payments
Wirecard, the global innovation leader for digital financial technology, is collaborating with Stocard, the leading mobile wallet and one of the largest B2C European FinTechs, to launch a new mobile payment feature in the Stocard app. The announcement comes as Stocard reaches 50 million users worldwide. Starting today, UK-based Stocard users can pay with their app via a virtual Wirecard-issued Mastercard card, an option that will be rolled out...
New lenders accredited to British Business Bank Coronavirus Business Loan Schemes
- 5 years 6 days ago
- Covid-19, Lending
Today the British Business Bank has announced that it has approved a new lender for accreditation to the Bounce Back Loan Scheme (BBLS), five new lenders for accreditation under the Coronavirus Business Interruption Loan Scheme (CBILS) and four new lenders under the Coronavirus Large Business Interruption Loan Scheme (CLBILS). Paragon Bank will join the other 19 BBLS lenders who have been accredited since the scheme opened last month.
mBank selects Wolters Kluwer’s OneSumX for risk management
- 5 years 6 days ago
- Risk Management
mBank, Poland’s fourth largest banking group based on assets, has chosen Wolters Kluwer’s OneSumX for Risk Management as its risk software. The mobile digital bank operates across three markets in Poland, the Czech Republic and Slovakia. The bank will specifically use the Wolters Kluwer’s solution for Asset and Liability Management (ALM) as well as Market Risk and profitability (Funds Transfer Pricing).
Amaiz appoints Francesca Dowling as their new head of compliance
- 5 years 6 days ago
- People Moves
Amaiz, the new banking and bookkeeping service for small businesses owners, has appointed Francesca (Frankie) Dowling as their new Head of Compliance. Frankie has more than 20 years' experience working in the regulatory field, most recently in risk and compliance. She has worked across many sectors including gambling, legal, financial services and banking. Previous employers include Virgin Money and Leo Vegas Group.
TransUnion Launches Enhanced Open Banking Solution as COVID-19 Puts Affordability in the Spotlight
- 5 years 6 days ago
- Open Banking
TransUnion has launched the latest evolution of its end-to-end, API-driven Open Banking solution, designed to assess income and expenditure, affordability and creditworthiness. New developments are wide-ranging, with improved analytics capabilities and a streamlined screen journey which includes anti-money laundering (AML) checks. These checks must be conducted as part of the Open Banking process, and are additional to the AML checks that the...
Trustly announces strategic minority investment by a consortium of investors to support further expansion
- 5 years 6 days ago
- Investment Management, Payments, Online Banking
BlackRock Private Equity Partners, through its private equity funds and accounts under management, together with a consortium of institutional investors, including among others, Aberdeen Standard Investments, funds managed by Neuberger Berman, Investment Corporation of Dubai and RSIC, are becoming minority shareholders in Trustly, the world’s leading online account-to-account (A2A) payments provider. Nordic Capital remains the majority...
Credorax Partners with Mondial Bony Service S.P.A to Offer Wider Payment Services to Italian Market and Beyond
- 5 years 6 days ago
- Payments
Today, leading smart payments provider and fintech bank Credorax, and Italian payment institution authorized by the Bank of Italy, Mondial Bony Service S.P.A announced a new partnership to broaden payment services available to Italian merchants and Mondial Bony’s customers. The partnership will enable Mondial Bony to provide Card Present Offerings and expansion into Card Not Present (CNP) transactions with one connection.
EIS Group Partners with EPAM to Accelerate Digital Transformation Initiatives for Insurers
- 5 years 6 days ago
- Insurance
EIS Group, a core and digital platform provider for insurers, today announced a partnership with EPAM Systems, Inc. (NYSE: EPAM), a leading global provider of digital platform engineering and software development services, to help insurers accelerate digital transformation initiatives in the UK.
First Bank partners with HTMA to debut Kids Cash and Plinqit savings app
- 5 years 6 days ago
- Banking
First Bank announced today that it has partnered with HT Mobile Apps (HTMA) to offer Kids Cash, a free mobile application designed to educate children ages three to 12 years old on the benefits of saving, and Plinqit, the only savings app that pays users for learning about personal finances.
