Tagged: banking

January 27, 2024 @ 11:48 am By Omar Faridi  |  

Global digital transformation firm GFT Technologies SE agreed to acquire 100% of shares in Colombia-based core banking expert Sophos Solutions S.A.S. With Sophos, GFT advances to one of the top 3 banking IT services providers “across Latin America and also increases its global delivery capability.”… Read More

January 26, 2024 @ 10:30 am By Omar Faridi  |  

Global digital asset banking group Sygnum announced that it has raised more than USD 40 million against an initial ~USD 35 million target in an interim close of its latest funding round, which is named the Strategic Growth Round. As of the completion of this… Read More

January 25, 2024 @ 3:35 pm By JD Alois  |  

While shares in digital bank LendingClub (NYSE: LC) have been a bit of a dog, some people see value in the future of the company. One big investor recently added shares to its holding. BlackRock recently filed an Amended Statement of Ownership showing an increase… Read More

January 25, 2024 @ 9:00 am By Omar Faridi  |  

After many shakeups in the past year, 2024 is expected to be a difficult year for the entire banking sector. We recently connected with Jeff Nowicki, VP of Banking at Treasury Prime, the embedded finance software company, to discuss banking trends for 2024 and beyond…. Read More

January 24, 2024 @ 10:14 pm By Omar Faridi  |  

The ModernFi team is pleased to announce that it has raised an additional $18.7 million in funding to bring its tech-forward platform “to community and regional banks to help them grow, retain, and manage their deposits.” Led by Canapi Ventures, the investment round also “had… Read More

January 24, 2024 @ 3:28 pm By JD Alois  |  

The Financial Institutions & Monetary Policy Subcommittee, part of the House Financial Services Committee, has scheduled a hearing on banking regulation. The hearing is entitled Rules Without Analysis: Federal Banking Proposals Under the Biden Administration. While there is no information regarding the specifics of the… Read More

January 24, 2024 @ 8:50 am By Omar Faridi  |  

Starling Bank has created a new brand platform with a new positioning, strategy, and ad creative developed to “mark the beginning of an ambitious year of growth for the bank.” ‘The Bank Built for You’ platform celebrates “how banking is about more than just money,… Read More

January 23, 2024 @ 11:38 pm By Omar Faridi  |  

GB Helios (formerly known as Goldbell Financial Services), an innovative Singaporean financial solutions provider, is marking four years of working with cloud banking platform Mambu, with the partnership instrumental in enabling GB Helios “to achieve rapid growth and deliver exceptional customer experiences.” Since partnering with… Read More

January 23, 2024 @ 11:12 am By Omar Faridi  |  

Perenna, which is building an innovative digital mortgage bank that will aim to enhance the UK mortgage market, recently revealed that it has received UK Government grant funding in order to “accelerate decarbonization of UK housing stock.” Perenna says that for decades, consumers in the… Read More

January 23, 2024 @ 7:01 am By Omar Faridi  |  

Satchel, a European digital banking provider, is set to enhance its compliance standards through a strategic partnership with AMLYZE, a Regtech company specializing in anti-money laundering and financial fraud prevention. Satchel’s commitment to delivering banking services, “underscored by a robust emphasis on regulatory compliance and… Read More

January 19, 2024 @ 8:41 am By Omar Faridi  |  

SME current account switching is now at the lowest level it’s been in the last decade, according to an update shared by Allica Bank. New data analyzed by Allica Bank reportedly “shows disappointingly low levels of bank switching by small and medium sized businesses over… Read More

January 18, 2024 @ 10:45 pm By Omar Faridi  |  

Treasury Prime, an embedded banking software company, is powering a new strategic partnership between FirstBank, a Tennessee Corporation, Member FDIC, and High Circle, a banking and investment platform, designed to “minimize risk and maximize returns for business owners and high-net-worth individuals whose needs are not… Read More

January 17, 2024 @ 9:20 pm By Omar Faridi  |  

Aisera, a pioneer of Generative AI solutions for the enterprise, announced that Dave Inc. (Nasdaq: DAVE), one of the nation’s neobanks, has “leveraged Aisera’s technology to create DaveGPT – a generative AI assistant that offers self-service customer inquiry resolution.” Customized to Dave’s specific business needs,… Read More

January 16, 2024 @ 8:30 am By Omar Faridi  |  

In 2023, Santander (NYSE: SAN) recruited over 4,500 employees with digital skills around the world to drive the group’s transformation. The growing demand for these types of professionals in the market, in particular in financial institutions, led Santander “to launch a targeted recruitment strategy under… Read More

January 13, 2024 @ 3:46 pm By Michael Wong  |  

Southeast Asian Fintech company Salmon said it has secured approval from the Monetary Board of the Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, to acquire a majority stake in the Rural Bank of Sta. Rosa (Laguna), a Filipino financial institution established in… Read More

January 13, 2024 @ 10:37 am By Michael Wong  |  

Prometeo, a Latin America-focused Fintech infrastructure firm, announced that it had secured $13 million in Series A funding led by Antler Elevate. The round also saw participation from new investors, including PayPal Ventures, Samsung Next, and partners from DN Capital, as well as continued support… Read More

January 11, 2024 @ 10:45 pm By Omar Faridi  |  

Salmon, a fintech working to improve access to credit, savings and investments for over 500 million underserved customers in Southeast Asia, announces that it has received regulatory approval from the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) in order to “acquire the controlling… Read More

January 11, 2024 @ 6:29 pm By Omar Faridi  |  

Alkami Technology, Inc. (Nasdaq: ALKT), a cloud-based digital banking solutions provider for financial institutions in the U.S., announced today that it has partnered with Chimney, a fintech transforming how financial institutions use property data. Through this strategic partnership, financial institutions “can empower homeowners with the… Read More

January 11, 2024 @ 12:17 pm By Omar Faridi  |  

Visa (NYSE: V) and CIBC announced a new collaboration that will enable the bank’s clients to send funds to family and friends across borders more conveniently. With the innovative money movement capabilities of Visa Direct, CIBC and Simplii clients will soon be able to send… Read More

January 10, 2024 @ 8:42 am By Omar Faridi  |  

10x Banking, the transformational cloud-native SaaS core banking platform, and Mast, the cloud-native mortgage origination platform specialising in the UK market, are thrilled to announce their partnership, enabling real-time connectivity between the two systems. Alongside the partnership comes an API integration guide “on 10x Docs,… Read More