Tagged: banking

December 19, 2023 @ 11:44 pm By Omar Faridi  |  

Allica Bank – the fintech challenger bank specifically focused on serving established businesses with 10-250 employees – now reportedly has 2,000 business current account customers after launching earlier this year. Compared to the millions of UK microbusinesses, the established SME segment that Allica is dedicated… Read More

December 19, 2023 @ 10:00 pm By Omar Faridi  |  

Atom bank, the UK’s app-based bank, is boosting Durham University’s Women in Technology program with two new scholarships aimed “at prospective female students from low-income backgrounds.” The Women in Technology program was inspired “by globally recognized tech leader Dr Anne-Marie Imafidon MBE, and was founded… Read More

December 19, 2023 @ 4:26 pm By JD Alois  |  

Amsterdam-based digital bank bunq has claimed the title as the first “AI powered bank in Europe.” bunq says it is the second-largest digital bank in Europe. Today, the Fintech announced “Finn” a new GenAI platform that is available to all its customers. The AI powered… Read More

December 19, 2023 @ 3:22 pm By Omar Faridi  |  

Xero, the global small business platform, today announced it is partnering with Flinks, a key player focused on open banking, to give small businesses in Canada and the United States secure access to more than 20 direct bank connections and high quality transaction data. The… Read More

December 18, 2023 @ 3:55 pm By Omar Faridi  |  

Backbase, the global enabler of Engagement Banking, announced St. Louis-based First Bank is live on the Backbase Engagement Banking Platform, powering the bank’s transformation strategy to offer a seamless, digital-first experience to its customers. First Bank chose Backbase for its centralized platform, “enabling the integration… Read More

December 16, 2023 @ 8:41 am By Omar Faridi  |  

Promon, the provider of application shielding technology responsible for recently uncovering FjordPhantom, an emerging cyber threat targeting banks in Southeast Asia, reveals the findings of its research into “the susceptibility of the world’s top banking apps to this sophisticated new strain of malware.” In September… Read More

December 15, 2023 @ 3:20 pm By Omar Faridi  |  

ClearBank announced that it is appointing former Starling Bank and Barclays executive Megan Cooper as Chief Product Officer. Cooper will reportedly “lead ClearBank’s product management team and develop product strategy.” ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, recently confirmed in… Read More

December 15, 2023 @ 3:05 pm By Omar Faridi  |  

The British Business Bank has launched an asset-based lending variant of the Recovery Loan Scheme. The asset-based lending variant aims to “broaden the support available for small businesses in the UK to access finance through the Recovery Loan Scheme, making use of a broad range… Read More

December 15, 2023 @ 3:23 am By Omar Faridi  |  

Fenergo, the provider of digital solutions for Know Your Customer (KYC), Transaction Monitoring and Client Lifecycle Management, announces that Netherlands-based commercial bank NIBC is deploying its software-as-a-solution (SaaS) technology to enhance KYC operations. NIBC – which serves clients internationally with a focus on Europe –… Read More

December 13, 2023 @ 7:11 pm By Omar Faridi  |  

ClearBank is providing LemFi with agency banking services to enhance international payment services for emerging market immigrants in North America and Europe. ClearBank, the enabler of real-time clearing and embedded banking for financial institutions,  announced its partnership with LemFi (formerly known as Lemonade Finance), a… Read More

December 12, 2023 @ 8:01 pm By Omar Faridi  |  

Accenture (NYSE: ACN) has signed a strategic agreement with the Commercial Bank of Dubai (CBD) in order to drive its technology transformation program and “further enhance its banking services to personal and business customers.” Accenture will set up “a development center of excellence (COE) to… Read More

December 11, 2023 @ 11:31 am By Omar Faridi  |  

Eltropy, a digital conversations platform for community financial institutions (CFIs), announced that Eltropy’s Digital Conversations Platform is now accessible through the Jack Henry (Nasdaq: JKHY) digital banking platform. Eltropy leveraged the Banno Digital Toolkit, the same set of APIs the Banno Digital Platform is built… Read More

December 11, 2023 @ 7:09 am By Omar Faridi  |  

European digital bank N26 recently announced the appointment of Juan Bongiovanni to a key executive role. As noted in a blog post by N26, the digital bank confirmed the appointment of global marketing professional Juan Bongiovanni as Chief Marketing Officer. Juan will reportedly join the… Read More

December 7, 2023 @ 8:04 am By Omar Faridi  |  

Liberis, an embedded business finance solutions provider, announced it has secured $112 million in debt financing in order “to support its further growth in North America and Europe and expansion into new markets, including Canada, Poland and Germany.” This collaboration is set “to inject a… Read More

December 4, 2023 @ 9:09 pm By Omar Faridi  |  

Pakistan has emerged as one of the fastest-growing markets for freelancers and digital services. Although the majority of the nation’s residents are living in poverty, and the country continues to face major political and economic challenges, there is still a significantly large digital economy that… Read More

November 30, 2023 @ 9:28 pm By Omar Faridi  |  

Banks and financial institutions in Thailand leverage mature technology and incorporate modern features. However, industry professionals at the recent ENGAGE ASIA 2023 emphasized “that the challenge stems from the absence of unification across different touchpoints, resulting in fragmented customer engagement.” The majority of the systems… Read More

November 30, 2023 @ 8:10 pm By Omar Faridi  |  

Banco Security will enhance its digital offering with Backbase‘s Engagement Banking platform, laying the foundation for the next generation of banking services. As part of its comprehensive $50 million digital investment plan spanning four years, Grupo Security is driving “a set of initiatives aimed at… Read More

November 29, 2023 @ 11:15 am By JD Alois  |  

Digital bank N26 says it will offer stock and ETF investments in App by partnering with Upvest. Upvest offers an Investment API that is available to financial services firms to access capital market investment and retirement planning. Upvest will be providing the licenses necessary for… Read More

November 28, 2023 @ 11:44 pm By Omar Faridi  |  

Finastra’s annual survey reveals that, despite global economic uncertainty, US financial institutions are primed to invest in artificial intelligence (AI), Banking as a Service (BaaS) and embedded finance, “striking an optimistic tone for innovation.” The ‘Financial Services: State of the Nation Survey 2023’ finds that… Read More

November 28, 2023 @ 7:56 am By Omar Faridi  |  

Revolut, the financial global super app with over 35 million customers, has announced the appointment of Dan Teodosiu to the Board as a Non-Executive Director. Dan has over 30 years of experience “building and managing high-performing engineering and research teams, as well as scaling platforms… Read More