AlHuda CIBE Provides Shariah Certificate to Apex Takaful
- 1 year 10 months ago
- Islamic Finance
AlHuda CIBE has formally certified Apex Takaful, marking it as the inaugural Takaful operator in Uzbekistan. Apex Takaful has successfully launched a pioneering product that meets Shariah compliance requirements and has secured essential certification. The certification process conducted by AlHuda CIBE spanned one month, during which a thorough evaluation of Takaful contracts, operational agreements, and overall operational frameworks was...
74% of All Financial Product Sales in the UK Do Not Involve a Bank Branch – Kearney
- 1 year 10 months ago
- Banking
Leading consultancy Kearney has today released the latest data from its annual European Retail Banking Radar, revealing that 74% of all product sales in the UK do not involve a branch or human interaction, confirming that consumers overwhelmingly prefer to interact with financial institutions remotely.
Insurtech blip Expands Small Business Insurance Offerings with Professional Indemnity Cover
- 1 year 10 months ago
- Insurtech
blip, a leading provider of small business insurance, is excited to announce the launch of its Professional Indemnity Insurance, expanding its comprehensive range of coverage designed specifically for today’s entrepreneurs and professionals. This new offering reinforces blip’s dedication to safeguarding small businesses with tailored, flexible protection. Offering a policy which grows with businesses, where a £1mlimit costs less than £100.
Lending Standards Board Adds SME Lender iwoca to Business Standards Registration
- 1 year 10 months ago
- Lending
The Lending Standards Board’s (LSB) has announced iwoca, one of Europe’s largest SME lenders, as its latest firm to achieve full registration to the Standards of Lending Practice for business customers (‘the business Standards’).
CMA Issues Letter to Monzo About Breaching Parts 3, 7, 8, and 12 of the Retail Banking Order
- 1 year 10 months ago
- RegTech
Part 3 of the Order requires surveys to be carried out of Personal Current Account (PCA) and Business Current Account customers about the quality of service received from their provider. On 2 occasions Monzo published incorrect / out of date survey results.
Telr Partners with Samsung to Launch Samsung Pay in the UAE
- 1 year 10 months ago
- Payments
Telr, the award-winning online payment gateway, has partnered with Samsung Gulf Electronics to redefine the digital payment landscape in the UAE. This collaboration integrates Samsung Pay into Telr's comprehensive suite of payment solutions, marking a significant leap forward in the country's e-commerce capabilities.
Reem Finance Selects Temenos to Power New Digital Community Bank in the UAE
- 1 year 10 months ago
- Digital banking
Temenos today announces that Reem Finance, a leading corporate and retail finance specialist licensed and regulated by the UAE Central Bank, has selected Temenos to power a new digital community bank in the United Arab Emirates.
SIX Appoints Bjørn Sibbern as New CEO
- 1 year 10 months ago
- People Moves
The Board of Directors of SIX has appointed Bjørn Sibbern as new CEO effective 1 January 2025. Bjørn Sibbern will succeed Jos Dijsselhof, who will step down to pursue a new professional opportunity in the Middle East after seven years with SIX. Jos Dijsselhof successfully developed SIX commercially and expanded it internationally.
Black Friday to Become Darkest Yet for Businesses That Don’t Satisfy Consumer Payment Needs
- 1 year 10 months ago
- Payments
This year’s Black Friday and Cyber Monday spend is projected to reach £3.8 billion in the UK, marking a 27% increase from the £3 billion planned in 2023, according to Finder. These sales events are pivotal moments in every merchant’s calendar, with the potential to make or break their end of year sales targets.
Soldo Introduces Automatic Carbon Emissions Tracker for Businesses in Its Winter 2024 Product Updates
- 1 year 10 months ago
- Infrastructure
Soldo, the proactive spend management solution that frees progressive businesses to accomplish more, today announced its Winter 2024 Updates. Available today to Soldo customers, the new features help companies of all sizes scale their finance operations. The new updates enable better control over teams' spending, automate employee onboarding and offboarding processes, and track CO2e emissions, ensuring compliance and efficiency across all...
Investment Platform Lightyear to Relaunch in the UK with Direct FCA Authorisation
- 1 year 10 months ago
- Infrastructure
Investment platform Lightyear announces that it received direct authorisation from the Financial Conduct Authority (FCA) earlier this year, and will be relaunching for consumers and businesses in the UK, with FSCS protection, ISAs and more.
SumUp Surpasses 1 Billion Transactions Per Year and Accelerates Global Expansion with Record Growth
- 1 year 10 months ago
- Infrastructure
Global fintech SumUp, one of the fastest-growing fintech companies globally, has achieved a significant milestone by processing over 1 billion transactions on an annual basis.
Salv Introduces Collaborative Scenario Library to Revolutionise Transaction Monitoring and Foster Community Crime Fighting
- 1 year 10 months ago
- Security
European Regtech scale-up Salv has announced the launch of its Collaborative Scenario Library, an innovative tool designed to help AML teams improve their transaction and customer monitoring in order to catch more financial crime.
Generation Duped: Younger Generations More Likely to Have Been Victims of Financial Fraud
- 1 year 10 months ago
- Personal Finance
Research from Moneyhub, the Open Banking data and payments platform, has revealed that younger generations are more likely to have been victims of financial fraud than older generations, who have traditionally been seen as the primary target. The research, which surveyed over 2000 people, brings into focus the extent and scale of the issue across the country and across the generations.
Total Grassroots and Kelme Partner with GoCardless to Offer Stress-Free Payments and New Kits to Grassroots Football Clubs
- 1 year 10 months ago
- Payments
Bank payment company GoCardless has announced a partnership with Total Grassroots and kit manufacturer Kelme to simplify payment collection for grassroots football clubs and kit out their team.
