Addition Financial partners with Backbase to provide personalized experiences to their members across all lines of business
- 6 years 2 months ago
- Banking
Leading digital-first banking software provider, Backbase, today announces that Lake Mary, Florida-based credit union, Addition Financial, has selected its omni-channel platform to optimize its user experience. Partnering with Backbase will provide Addition Financial the technology to innovate and differentiate from its competitors, allowing it to offer outstanding digital services for retail and business banking members.
European retail banks need to reduce costs by over £30 billion to survive the pandemic, says Kearney
- 6 years 2 months ago
- Covid-19
Analysis from global consultancy partnership Kearney has found that the COVID-19 pandemic and resulting recession will mean that banks across Europe need to rethink their strategies and reduce their costs by over £30 billion (€35 billion) to overcome this crisis.
British Business Bank announces new lenders under the bounce back loan scheme for smaller businesses
- 6 years 2 months ago
- Lending, Banking
Today the British Business Bank has announced that it has approved three new lenders for accreditation under the Bounce Bank Loan Scheme. The scheme is intended to target small and micro businesses in all sectors, with loans from £2k up to 25% of the business’ turnover with a maximum loan of £50k.
Countingup raises £4m to accelerate banking and accounting for small businesses
- 6 years 2 months ago
- Banking, Accounting
Countingup, the business current account that automates your accounting, has received the backing of leading fintech investors. The London-based startup has raised £4m in a bridge round of financing led by ING Ventures with co-investment from Triple Point, CVentures and BiG Start Ventures. All are backing the company’s vision to be the one financial hub for 1m small businesses. In the two years since Countingup launched, it now boasts more than...
Avaloq named in the 2020 WealthTech100
- 6 years 2 months ago
- Wealth Management
Avaloq has been named one of the world’s leading technology firms for wealth managers in the 2020 WealthTech100, an annual list of the 100 most innovative wealth tech companies in the world. Companies are selected by a panel of industry professionals and analysts from over 1,200 shortlisted firms, with leaders being ranked on criteria such as efficiency improvements or cost savings for clients, market growth and innovative use of technology to...
Survey reveals consumers risk online security amid pandemic
- 6 years 2 months ago
- Data Protection, Fraud Detection
There is no question that the pandemic has created large-scale social and behavioural shifts among consumers. Not only has it fundamentally changed attitudes toward risk, but it is challenging expectations around online security, convenience and access, or lack thereof, to key staples, e.g. toilet paper purchased online, and other digital services.
Adflex introduces Modular Cloud-based Payment Services to allow fast and simple service activation
- 6 years 2 months ago
- APIs, Platform Technology, Payments, Cloud
B2B digital payments integration specialist, Adflex, now enables both acquirers and supply chain businesses to simplify and accelerate integration of its modular digital payment services, following the cloud-transformation of its popular payments platform. “By wrapping our suite of digital payment services in RESTful APIs, we can now serve our acquirer and merchant clients with new levels of flexibility and agility,” comments Pat Bermingham, CEO...
Ebury to support UK SMEs during Covid-19
- 6 years 2 months ago
- Covid-19, Lending
Ebury, the global transaction platform, has been approved as an Accredited Lender on the British Business Bank's (BBB) Coronavirus Business Interruption Loan Scheme (CBILS), enabling it to support UK SMEs with government-backed loans through this difficult time. Ebury provides specialist loans to SME companies that trade internationally and, in April, the UK-headquartered fintech was approved for similar schemes by the Dutch, Spanish and Italian...
Vonage signs Al Rayan Bank for its contact center
- 6 years 2 months ago
- Covid-19, Cloud
Vonage (Nasdaq: VG), a global business cloud communications leader, today announced that Al Rayan Bank, the UK’s oldest and largest Sharia-compliant retail bank, avoided business disruption and maintained its commitment to outstanding customer service with the Vonage Contact Center by transitioning employees from office locations to their homes in response to the COVID-19 pandemic.
FINOS to Expand Open Source Technology
- 6 years 2 months ago
- IT Innovations, Infrastructure
FINOS (the Fintech Open Source Foundation), a nonprofit whose mission is to foster adoption of open source, open standards, and collaborative software development practices in financial services, today announces the addition of three new leading financial services and technology companies to its prestigious membership roster already comprised of leading financial
Conferma Pay and Visa to launch Virtual Card Payments Globally via Mobile App
- 6 years 2 months ago
- Payments, Online Banking
Fintech leader Conferma Pay has teamed up with Visa to integrate Visa virtual cards in the Conferma Pay mobile app. This solution is now globally available to Visa’s commercial bank clients, allowing them to bring the Conferma Pay app to their corporate customers as part of Visa’s broader technology offering.
Finovate Capital Onboards MonetaGo’s Fraud Prevention Network for Straight-Through Processing of Invoice Financing
- 6 years 2 months ago
- Blockchain, Financial
Finovate Capital, India’s leading short-term lending fintech platform today announced the integration of MonetaGo’s secure financing solution to build-in a more robust platform solution to its 15+ lenders in India.
Sage Upgrades Its Small Business Cloud Accounting Solution
- 6 years 2 months ago
- Cloud, Accounting, BPM, CRM
Sage, the market leader in cloud business management solutions today announced new updates to its small business cloud accounting solution. Doubling down on supporting small business, the reimagined Sage Business Cloud Accounting solution will help small businesses gain greater visibility to assess the health of their business across accounting, payroll and HR.
Japanese Payment Methods Konbini and Pay-easy Join APAC Giants on PPRO’s Payments Platform
- 6 years 2 months ago
- E-Commerce, Payments, PaaS
PPRO, the world's leading local payments platform-as-a-service, has entered the Japanese e-commerce market. Two popular Japanese payment methods – Konbini and Pay-easy – join over 150 local payment methods on PPRO's platform, a portfolio that already includes APAC heavyweights like Alipay, WeChat Pay, UnionPay, and GrabPay.
Banking Circle Research Reveals How Payments Businesses Are Adapting in the Wake of COVID-19 Restrictions
- 6 years 2 months ago
- Covid-19, Payments
Recent research[1] commissioned by financial infrastructure provider, Banking Circle, following a webinar on the impact of COVID-19, has found that businesses are innovating rapidly to meet their customers’ ever-changing needs. Key highlights:
