ADIB is the first Islamic Bank to use Blockchain technology for trade distribution
- 5 years 1 month ago
- Blockchain, Islamic Finance
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has become the first Islamic bank to successfully execute trade finance distribution transactions using Blockchain technology. The cross-border transactions, which were completed with multiple based banks, were made possible through ADIB's partnership with TradeAssets, a trade finance e-marketplace powered by Blockchain technology to help digitize the traditional processes...
Kivra and Tink partner up to make it easier to pay bills and invoices
- 5 years 1 month ago
- e-billing, e-Invoicing
Kivra provides a digital mailbox to more than 3.7 million users in Sweden. Through the Kivra app, users can receive and process all their bills and important mail in one place, making life simpler while also sparing the environment. With over 2.5 million invoices to be settled every month, Kivra was looking for the most cost-effective and friction-free way to enable these payments, and now they’re partnering with Tink to make it easier to...
Open banking data provider AccountScore and TruNarrative join forces
- 5 years 1 month ago
- Open Banking
TruNarrative, the global RegTech company has announced a new partnership with AccountScore, to integrate Open Banking connectors into the TruNarrative platform. Enabling Risk & Compliance teams to integrate affordability scores to aid onboarding and monitoring of customers.
Withdraw DBT funds and cash from thousands of PayNearby outlets
- 5 years 1 month ago
- Covid-19, Payments
The nation-wide lockdown in the wake of Covid-19, predictably, has hit the poorest sections of society the hardest, especially migrant workers and the rural population. However, now, through the help of bank mitras and Aadhaar enabled payments, customers can withdraw upto Rs. 10,000 daily simply through the use of their thumb, which is a blessing in rural areas where there is a lack of adequate financial infrastructure.
Curve hires former CEO of UK Payment Systems Regulator as Advisor to the Executives
- 5 years 1 month ago
- People Moves
Curve, the banking platform that consolidates multiple cards and accounts into one smart card and app, has appointed Hannah Nixon to advise on the company’s regulatory activities and relationships. Hannah has extensive experience in economic regulation and competition matters, working across a range of industries in the public and private sectors. She will help guide Curve’s regulatory strategy and framework focused on the UK and EU as well as...
New Tech Brings Financial Relief to Small Businesses through PPP
- 5 years 1 month ago
- Covid-19
UK technology firm Zenoo has created a new solution to enable US small businesses to quickly receive essential Paycheck Protection Program (PPP) loans during the COVID-19 crisis. The technology was created at the emergency Hackathon to Save Small Business in March, where the Alliance for Innovative Regulation (AIR) brought together over 60 people representing more than 20 banks, fintech firms, non-profit organisations and other institutions...
Funding Circle Accredited Under the Coronavirus Business Interruption Loan Scheme
- 5 years 1 month ago
- Covid-19, Lending, Banking
Funding Circle, the small business loans platform, has today been approved for accreditation by the British Business Bank under the Coronavirus Business Interruption Loan Scheme (CBILS), term loan variant. Funding Circle expects to open CBILS applications within the next week once it has completed the required legal and operational approvals with the Bank.
Sopra Banking Software Releases Cassiopae V4.7 as Scheduled
- 5 years 1 month ago
- Alternative Finance
Sopra Banking Software released on March 31 Cassiopae V4.7, a leasing and lending application, which is part of the company’s Sopra Financing Platform. The company met the ambitious release date announced ten months ago. The new release, Cassiopae V4.7, includes an enhanced digital portal for dealers and merchants, credit card processing via electronic payment partners, revolving credit for individuals, and improvements in the management of real...
CSG introduces Conversational Artificial Intelligence to enable a next generation customer experience
- 5 years 1 month ago
- Artificial Intelligence, Infrastructure
Messaging apps; speech-based assistants such as Apple’s Siri and Amazon’s Alexa; and chatbots are entering the marketplace in large scale, all with a goal of enhancing everyday life. Businesses are taking notice; leveraging the technology to analyze peoples’ behavior in order to create a more personalized and efficient customer experience.
Fenergo Launches Remote Account Opening Solution to Accelerate Small Business Emergency Loan Approvals
- 5 years 1 month ago
- Open Banking, Fraud Detection, Compliance, AML and KYC
Fenergo, the leading provider of digital transformation, customer journey and client lifecycle management (CLM) solutions for financial institutions, today announces the launch of its digital cloud-based Remote Account Opening solution, ahead of schedule, in order to assist US small businesses in accessing PPP emergency loans.
Ebury approved to provide SME funding under Dutch Government’s Coronavirus business aid scheme
- 5 years 1 month ago
- Covid-19, Transaction Banking, Payments
Ebury, one of Europe’s largest FinTech companies, has been granted approval in the Netherlands to provide SMEs with loans under the Government’s SME Credit Guarantee Scheme1, which was launched in response to the Coronavirus crisis. The scheme, which is available to Dutch businesses with fewer than 250 employees, provides government guarantees for loans of up to €1.5m. The guarantees will cover 75% of the loan amount for up to €2bn of SME...
additiv enables wealth managers to get ahead of the coronavirus crisis
- 5 years 1 month ago
- Wealth Management
additiv, a leading SaaS provider to the wealth management industry, today launches an industry first: a rapid, risk-free route to digital wealth management. The KickStarter TM solution comes at a time when the industry needs it most. Digitization has been gradually impacting the wealth management industry, but as a result of the current pandemic, the speed of change has suddenly accelerated. Customers are demanding the best possible digital...
Envestnet | Yodlee and Charles Schwab Enter Financial Data Access Agreement
- 5 years 1 month ago
- Covid-19, Data
Envestnet | Yodlee (NYSE: ENV), a leading data aggregation and analytics platform powering dynamic, cloud-based innovation for digital financial services, announced today that it has come to terms with Charles Schwab on a financial data access agreement. This will aid in providing the framework for the financial services company’s clients to more securely and effectively allow access to, and use their personal financial information, with...
Santander launches PagoFX in the UK to offer fast, secure and low-cost international transfers with no fees for two months
- 5 years 1 month ago
- Banking
Banco Santander today announced the launch of PagoFX, a low-cost international money transfer service, in the UK. This new service, available via a mobile app, allows UK residents with a debit card issued by any UK bank or financial entity to seamlessly and quickly send money abroad from their smartphone with low costs, bank-level security and customer support via in-app chat, web and e-mail. In light of the ongoing coronavirus pandemic,PagoFX...
Auriga acquires the award-winning ATM cybersecurity solution Lookwise Device Manager from leading managed security services provider S21sec
- 5 years 1 month ago
- Banking, M&A Deals
Auriga, a leading supplier of technological solutions for the omnichannel banking and payments industries, announces the acquisition of Lookwise Device Manager (LDM), a modular security platform and cybersecurity business unit from S21sec, a leading European managed security services player. S21sec is part of Sonae IM’s portfolio, a corporate venture capital firm investing in cybersecurity, retail and telecommunications technology companies.
