FintechOS Reports 40% Year-over-Year Revenue Growth for 2023
- 1 year 10 months ago
- Infrastructure
FintechOS announced 40% year-over-year revenue growth in 2023, with the company expecting to achieve profitability in the first half of 2024. Growth has been driven by winning new customers in strategic markets, including the US, UK, Continental Europe, and most recently Asia-Pacific.
Tuum Raises EUR25M Series B Financing, led by CommerzVentures, to Fund Product and Market Development
- 1 year 10 months ago
- Fundraising News
Tuum, the leading next-generation core banking provider, today announces that it has raised EUR25m, in a series B financing round led by CommerzVentures, with participation from Speedinvest alongside existing investors.
Wealth Managers are Dissatisfied or Indifferent to Their Technology – Avaloq Research
- 1 year 10 months ago
- Wealth Management
The majority of wealth managers are either dissatisfied with or indifferent to their current technology systems according to new research from Avaloq, a global leader in digital banking solutions and wealth management technology.
Quant Granted US Patent for Chronologically Ordering Blockchain Transactions
- 1 year 10 months ago
- Blockchain
Quant, the blockchain for finance pioneer, has secured a new patent from the United States Patent and Trademark Office. The patent, titled ‘Blockchain Communications and Ordering’, recognises that Quant has invented a unique method for chronologically ordering transactions from different blockchains.
Basware Appoints Head of Compliance to Help Customers Navigate Global E-invoicing Regulation
- 1 year 10 months ago
- People Moves
Basware, a global leader in AP automation and invoice processing, has appointed Markus Hornburg as its Senior Vice President, Global Compliance. It strengthens the company’s compliance offering to help customers through upcoming e-invoicing requirements.
British Patient Capital Announces £20M Commitment to Episode 1’s Fund III
- 1 year 10 months ago
- Investment
British Patient Capital announces today a £20m commitment to the third fund by Episode 1, a specialist early-stage technology investor. The £76m fund will back a new generation of B2B innovators at the pre-seed and seed stages, as well as deepen their reputation as an innovative early-stage investor.
Segura Bank International Goes Live with Temenos Core Banking in the Cloud
- 1 year 10 months ago
- Digital banking
Temenos today announced that Puerto Rico-headquartered Segura Bank International, Corp. (“SBI”) has gone live with Temenos core banking platform deployed in the cloud to power a new digital bank for mid to high-earners in Latin America.
Kin Announces $15M in Fresh Financing from New Investor Activate Capital
- 1 year 10 months ago
- Fundraising News
Kin, the pioneering digital, direct-to-consumer home insurance company, today announced the closing of $15 million in financing from new investor
AffiniPay Launches In-Person Payments Options, To Modernize The Client Payment Cycle
- 1 year 10 months ago
- Payments
AffiniPay, a leading provider of professional technology solutions, announced today the launch of next-generation In-Person-Payment options for professionals.
Tookitaki Rebrands Its Platform to 'FinCense'
- 1 year 10 months ago
- Compliance
Tookitaki, a trusted leader in the financial crime space, announced the rebranding of its flagship Anti Money Laundering Suite (AMLS) to FinCense. This strategic move is aimed at better representing the enhanced capabilities of its compliance platform, which now seamlessly addresses both fraud and AML risks.
BNY Mellon and Microsoft Forge Strategic Alliance to Expand Leading Capital Markets Data & Analytics Platform
- 1 year 10 months ago
- Trading Systems
BNY Mellon and Microsoft are joining forces to transform capital markets and the broader financial services industry. Using Microsoft Azure cloud and BNY Mellon's extensive financial data and analytics capabilities the platform will provide BNY Mellon's buy side and sell side clients with a leading data management solution.
Sapiens and Binah.ai Partner to Empower Global Life Insurers to Improve Risk Management with AI
- 1 year 10 months ago
- Insurtech, Risk Management
Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, and Binah.ai, the number one health and wellness check software provider, today announced a partnership to empower more insurance companies worldwide to use client-provided health data for improved risk management and value-added services at reduced costs.
UK-based Bank Appoints New CEO with Extensive Experience
- 1 year 10 months ago
- People Moves
Unity Trust Bank, the commercial bank with a social conscience that serves SMEs and organizations, has appointed Colin Fyfe as its CEO. Colin joins Unity with more than 40 years’ experience in the banking sector including 10 years as CEO at two building societies. With a deep understanding of commercial business and the wider regulatory banking environment, Colin brings a wealth of knowledge and expertise to the role.
Societe Generale to Cuts Roughly 5% of Head Office Staff in France
- 1 year 10 months ago
- People Moves
Societe Generale has announced a plan to implement organizational changes in its head office in France to simplify its operations and structurally improve its operational efficiency. During the presentation of the Group’s strategic roadmap in September 2023, Societe Generale announced a goal of gradually and significantly improving its cost/income ratio, with the achievement of approximately €1.7 billion in gross savings in 2026 compared with...
HSBC UK Installs First Cash Pod in Nailsea to Help with Access to Cash
- 1 year 10 months ago
- Payments
HSBC UK has introduced its first standalone ‘Cash Pod’, which will provide improved access to cash in Nailsea, North Somerset, in advance of the closure of the last bank in town, which is planned for 1 February.
