Tagged: banking

July 3, 2024 @ 12:39 pm By Omar Faridi  |  

Flexys, makers of debt management software, and Tuum, a core banking provider, are joining forces. By integrating their powerful platforms, the partnership allows banks “to modernize debt collection with a real-time, customer-friendly approach.” For banks, the economic landscape of rising consumer debt and stricter regulations… Read More

July 3, 2024 @ 8:58 am By Omar Faridi  |  

Mambu, a cloud banking platform, announces the appointment of Mark Geneste as Chief Revenue Officer to lead its commercial team. Geneste’s appointment is expected “to drive growth and strengthen Mambu’s position in the market, further enhancing its reputation as a leader in the banking technology… Read More

July 2, 2024 @ 8:52 am By Omar Faridi  |  

Revolut has released its Annual Report for the year ending 31 December 2023. Nik Storonsky, CEO of Revolut, said: “This year, we took our biggest steps yet on our mission to deliver the best product and the best customer experience at great value to customers,… Read More

July 1, 2024 @ 4:24 pm By Omar Faridi  |  

Although interest rates and inflation have started to trend downward, many bank customers in Canada are still feeling the economic squeeze and the majority of them express interest in receiving financial advice from their bank, according to the J.D. Power 2024 Canada Retail Banking Advice… Read More

June 30, 2024 @ 8:34 pm By Omar Faridi  |  

Taiwan-based CTBC Bank has implemented the Avaloq Core Platform in order to digitally transform its private banking business. The new platform enables CTBC Bank “to offer specialized private banking products and services in Hong Kong and Singapore.” CTBC Bank is reportedly “the largest privately owned… Read More

June 30, 2024 @ 10:43 am By Michael Wong  |  

Snappi, the pioneering Greek neobank, has obtained a universal banking license from the European Central Bank (ECB), following a proposal by the Bank of Greece. This approval marks a crucial milestone in Snappi’s mission to deliver next-generation financial services across Europe. The licensing process was… Read More

June 29, 2024 @ 4:09 pm By Omar Faridi  |  

Tuum, a core banking platform, is pleased to announce the strengthening of its ongoing partnership with Amazon Web Services (AWS). This strategic alignment introduces Tuum to the AWS Marketplace, a platform that is reportedly known “for its robust, scalable, and secure cloud infrastructure.” Through this… Read More

June 28, 2024 @ 10:20 am By Omar Faridi  |  

Sygnum, a global digital asset group, announces that it has reached the milestone of 20+ banks and international financial institutions onboarded onto its B2B platform. This enables their end-clients “to buy, hold, trade, earn, and transfer cryptocurrencies in a fully regulated environment.” Sygnum’s 20+ B2B… Read More

June 27, 2024 @ 11:21 pm By Omar Faridi  |  

Thought Machine, the cloud-native banking technology company, announces that Payset will deploy Vault Payments, Thought Machine’s cloud-native payments processing platform. Payset is “an existing customer of Thought Machine and is currently live with Vault Core, Thought Machine’s next-generation core banking platform.” Payset began working with… Read More

June 26, 2024 @ 11:51 pm By Omar Faridi  |  

Gresham, a provider of financial technology solutions, has released a research report, titled “US Banks’ Data Transformation Journeys at a Crossroads” that reveals fewer than 1-in-10 banks are at the leading edge of data and digital transformation. The report, which surveyed 120 banking leaders from… Read More

June 26, 2024 @ 10:50 pm By Omar Faridi  |  

Mambu, a cloud banking platform, and C24 Bank, a “fully regulated” and BaFin-approved bank have announced an extension to their ongoing partnership following a successful initial launch of the greenfield digital retail bank. Founded by Check24, Germany‘s largest online comparison portal, C24 Bank “provides convenient… Read More

June 26, 2024 @ 10:49 pm By Omar Faridi  |  

Bluevine, the banking platform that serves as the financial operating system for startups and small businesses, today announced the general availability of the Bluevine Business Cashback Mastercard, which offers small business owners “essential access to working capital along with an expansive menu of business tools,… Read More

June 25, 2024 @ 2:23 pm By JD Alois  |  

Financial services are best when they are ubiquitous but not obtrusive – there when you need them, but otherwise, not in the way. This is the goal of Fintech everwhere and embedded financial services. In Brazil, iFood Pago, a digital bank for restaurants, is taking… Read More

June 25, 2024 @ 8:55 am By Omar Faridi  |  

The European Central Bank (ECB) has shared an update that says it’s crucial to complete the banking union and capital markets union. ECB notes that there has been “disappointing progress in euro area financial integration since the start of monetary union.” According to a blog… Read More

June 25, 2024 @ 8:23 am By Omar Faridi  |  

Lloyds Banking Group and Visa (NYSE: V) have announced the renewal and expansion of their 40-year partnership in the UK, as Visa becomes Lloyds Banking Group’s leading scheme provider for its Lloyds Bank, Halifax, Bank of Scotland and MBNA brands. Under the partnership, Lloyds Banking… Read More

June 24, 2024 @ 9:02 am By JD Alois  |  

Euronet (NASDAQ: EEFT) and Fintech Galaxy have announced a partnership to offer Open Banking services in the MENA region and the African continent. The service includes digital banking or Banking as a Service, as well as offerings for Fintechs, merchants, and more. Services include payments,… Read More

June 24, 2024 @ 8:00 am By Tony Zerucha  |  

Finastra has announced that Bank Midwest, an employee-owned bank with locations throughout Iowa, Minnesota, and South Dakota, has launched OnePlace.bank, a digital bank powered by Finastra, focused exclusively on the financial needs of the healthcare community. The move expands Bank Midwest’s collaboration with the financial… Read More

June 23, 2024 @ 8:12 pm By Omar Faridi  |  

Citi Global Perspectives and Solutions has released a report AI & Finance: Bot, Bank & Beyond. The report analyzes the role that artificial intelligence (AI) might play in “changing the way both consumers and corporates bank.” From the likely use of autonomous agents executing client… Read More

June 23, 2024 @ 7:34 pm By Omar Faridi  |  

Refine Intelligence launched its Digital Customer Outreach for Check Fraud Prevention solution for banks, addressing a growing wave of check fraud fueled by mail theft and advanced counterfeiting techniques. Responding to the massive caseload that is overwhelming fraud analysts, the Refine solution – which works… Read More

June 23, 2024 @ 6:51 pm By Michael Wong  |  

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, highlighted the importance of digitalization in enhancing rural bank operations during the Rural Bank Strengthening Program (RBSP) Technology and Innovation Forum. BSP Governor Eli M. Remolona, Jr. said the forum aimed to address… Read More