Tagged: banking

November 9, 2023 @ 11:46 am By JD Alois  |  

There have been reports on both sides of the Atlantic that some banks are pumping the brakes on providing credit to smaller businesses. While there are multiple reasons why this may be the case, a gap in lending has helped to boost alternative lending platforms… Read More

November 8, 2023 @ 2:51 pm By Omar Faridi  |  

BMO announced the launch of its digital Real Financial Progress Hub, a resource that allows customers to easily access personal finance advice and guidance, as well as tools and resources to “reach their own specific financial goals.” In addition to helping customers budget and set… Read More

November 7, 2023 @ 9:53 pm By Omar Faridi  |  

NatWest and IBM (NYSE: IBM) announced enhancements to the bank’s virtual assistant, Cora, that will use generative AI to provide customers with access to a wider range of information through conversational interactions. The bank will be among the first in the UK to deploy generative… Read More

November 7, 2023 @ 9:36 pm By Omar Faridi  |  

Liv, UAE’s digital bank launched by Emirates NBD, a banking group in the MENAT region, has launched a new digital offering. Till the end of 2023, eligible Liv customers can benefit from instant personal loans without any fees via the Liv app. The digital bank… Read More

November 7, 2023 @ 9:34 pm By Omar Faridi  |  

Fingerprint Cards AB and IN Groupe through SPS, its globally-accessible unit focused on contactless and dual interface card manufacturing technologies, have come together to collaborate on IN Groupe’s Smart Packaging Solutions (SPS). The partnership supports global card manufacturers in “scaling up their production of contactless biometric… Read More

November 6, 2023 @ 8:23 am By Omar Faridi  |  

Businesses can earn returns on their US-dollar balances without opening an overseas bank account with a new Australian-first account from global financial platform Airwallex. Airwallex’s Yield also “offers Australian businesses more than double the big banks’ returns on AUD funds, all without minimum lock up… Read More

November 2, 2023 @ 5:11 pm By Omar Faridi  |  

Swiss Tennis, the national association that advocates for a strong Swiss tennis community, is cooperating with Sygnum, the digital asset bank, in order “to launch the Swiss Tennis World Champion NFT art collection to support the next generation of tennis players in Switzerland.” Swiss Tennis… Read More

November 2, 2023 @ 11:45 am By Omar Faridi  |  

Carriers are prioritizing profitability, especially when it comes to fostering innovation, according to Insurance Operations in a Changing Industry, a study published today by Earnix, the global provider of intelligent, SaaS solutions for insurers and banks. The survey of 400 insurance executives “provides insight into… Read More

November 1, 2023 @ 1:36 pm By Omar Faridi  |  

Charlie, the new “standard” for 62+ banking services, announced it has raised a $23M Series A with TTV Capital serving as the lead investor. FPV also participated in the investment round “as well as other seed investors including Better Tomorrow Ventures.” The capital is a… Read More

November 1, 2023 @ 6:22 am By Omar Faridi  |  

Atom bank, the UK’s first app based bank, has raised over £100m in new equity capital from long-term shareholders BBVA, Toscafund and Infinity Investment Partners. This is believed to be the largest private capital raise “by a digital bank in the UK this year, and… Read More

October 31, 2023 @ 6:43 pm By Omar Faridi  |  

Small business owners are more optimistic about the future than they were a year ago, with slightly more than half (54%) “saying their business is financially healthy, but inflation is still having a negative effect.” According to the J.D. Power 2023 U.S. Small Business Banking… Read More

October 26, 2023 @ 2:22 pm By Omar Faridi  |  

U.S. Bank, an organization supporting payment services, announces the launch of Avvance, an embedded, multi-channel point of sale lending solution. Avvance empowers businesses “with the ability to offer consumer financing during checkout with a quick application and instant decisioning.” Payment methods are constantly evolving and… Read More

October 25, 2023 @ 10:00 pm By Omar Faridi  |  

Thought Machine, the cloud-native banking technology company, announces it has partnered with Form3, the cloud-native account-to-account platform, to add FedNow, TCH RTP and SEPA Instant Credit Transfer connectivity to Thought Machine’s payment platform, Vault Payments. This partnership brings together two payment solutions, “offering banks and… Read More

October 25, 2023 @ 9:57 am By Omar Faridi  |  

Airwallex, a global payments and financial platform for modern businesses, announced a new global survey that revealed surging demand for cloud-based financial services “with more than 80 per cent of SMBs looking to switch away from traditional banks for their payment needs.” The report, jointly… Read More

October 25, 2023 @ 8:45 am By Omar Faridi  |  

Mambu, a Software as a Service (SaaS) cloud banking platform, announced it is now available in AWS Marketplace, making it one of the first core banking providers on the site. AWS Marketplace is a digital catalogue “with thousands of software listings from independent software vendors… Read More

October 25, 2023 @ 8:14 am By Omar Faridi  |  

A challenging macroeconomic environment is prompting businesses worldwide to cut their supplier list, “with payment service providers (PSPs) in the crosshairs.” Two-thirds (66%) of businesses in a five-market survey “across the US, UK, and Eurozone say they are looking to consolidate the number of PSPs… Read More

October 24, 2023 @ 7:34 am By Omar Faridi  |  

Allica Bank claims that it is “exposing” a “hidden” £7.5 billion a year savings penalty on the country’s hard-pressed SMEs – and is calling “on the wider banking industry to give SMEs a better deal.” While the cost-of-living crisis has led to significant pressure on… Read More

October 23, 2023 @ 8:48 pm By Omar Faridi  |  

Ubank’s CEO Philippa Watson and Head of Product for Everyday Banking, Andy Wright recently shared key insights at the 10th annual Australian FinTech Summit. In a discussion during the 10th annual FinTech Summit, ubank’s CEO Philippa Watson shed light on how ubank is “redefining customer… Read More

October 22, 2023 @ 10:32 pm By Omar Faridi  |  

Tonik, the digital bank in the Philippines, is pleased to announce its newest strategic partnership with life insurance company Sun Life Grepa Financial, Inc.. This transformative collaboration aims “to enhance the financial well-being of the companies’ valued customers.” The focal point of this groundbreaking partnership… Read More

October 22, 2023 @ 9:39 pm By Omar Faridi  |  

Temenos (SIX: TEMN) announced that Lien Viet Post Joint Stock Commercial Bank (LPBank), one of the top 10 private commercial banks in Vietnam in terms of assets and equity, has selected Temenos in order “to modernize its core banking platform for retail and corporate banking.”… Read More