Tagged: banking

July 25, 2023 @ 4:25 pm By Omar Faridi  |  

Climate engagement solution, ecolytiq, is partnering with cloud banking platform Mambu to make scalable, effective climate action solutions easily accessible for financial institutions. ecolytiq’s climate engagement product suite “will be available on the Mambu marketplace that serves 110 million end users.” The partnership will offer… Read More

July 24, 2023 @ 11:45 am By Omar Faridi  |  

Klarpay AG is pleased to announce an enhancement to its services, allowing clients to create U.S. Dollar denominated Visa debit cards “linked to Corporate USD accounts.” This offering aims “to improve the way Klarpay clients transact with popular services, which are often charged in USD,… Read More

July 24, 2023 @ 9:45 am By Omar Faridi  |  

Tink, which claims to be one of Europe’s leading open banking platforms, reveals research finding that “an estimated 40% of people in the UK would like their bank to offer tools to track their environmental impact.” Based on a survey of over 2,000 UK consumers… Read More

July 23, 2023 @ 10:29 pm By Omar Faridi  |  

BNY Mellon (NYSE:BK) announced it is now live on the Federal Reserve’s new instant payment rail, the FedNow Service, making it one of the first banks to begin sending and receiving payments from participating institutions and support payment activity through settlement or liquidity services. FedNow… Read More

July 22, 2023 @ 4:42 pm By Omar Faridi  |  

Backbase, a provider of Engagement Banking, has announced that Orient Commercial Joint Stock Bank (OCB) has chosen Backbase to power its omnichannel banking modernization in a signing ceremony on 20 July 2023. OCB’s goal is to create a personalized digital banking system “for each customer… Read More

July 21, 2023 @ 9:01 am By Omar Faridi  |  

Nexpay, a Lithuanian Electronic Money Institution (EMI) providing business banking solutions for digital companies, has announced its enhanced service offering by adding SWIFT payments in 23 currencies. This strategic move caters “to the evolving needs of digital businesses worldwide and advances Nexpay‘s ambition to bring… Read More

July 20, 2023 @ 11:02 pm By Omar Faridi  |  

Nordea has entered into an agreement with Danske Bank to acquire its Norwegian personal customer and private banking business and associated asset management portfolios. The acquisition is an ideal strategic fit “for Nordea and will strengthen Nordea’s market position in Norway among household customers.” The… Read More

July 19, 2023 @ 10:17 pm By Omar Faridi  |  

Nuvei Corporation (Nasdaq: NVEI), the Canadian fintech company, and Plaid, a data network that enables consumers to connect their bank accounts to more than 8,000 apps and services, announce an extension of their existing global partnership “to support a wider range of businesses with accepting… Read More

July 19, 2023 @ 9:09 am By JD Alois  |  

European digital bank bunq has now topped 9 million users, holding €4.5 billion in user deposits. Bunq reported that it grew its user base from 5.4 million to over 9 million in a bit longer than one year. In the last four months, Bunq has… Read More

July 19, 2023 @ 8:19 am By JD Alois  |  

Goldman Sachs (NYSE:GS) has reported Q2 2023 earnings, and it’s a bit of a mixed bag. Goldman surpassed expectations for top-line revenue generating $10.9 billion on a predicted $10.61 billion. Net revenue disappointed as Goldman generated an earnings per share of $3.08, with analysts anticipating… Read More

July 18, 2023 @ 11:27 pm By Omar Faridi  |  

Temenos (SIX: TEMN) recently announced that Canadian Tire Bank (CTB), the financial arm of Canadian Tire Corporation (CTC) – one of the largest Canadian retail companies – will adopt Temenos Banking Cloud to accelerate its core modernization. In 2022, Canadian Tire Bank chose the Temenos… Read More

July 18, 2023 @ 10:38 pm By Omar Faridi  |  

FNZ, the global wealth management platform, has launched FNZ Yield Plus notes to provide professional investors such as corporates, pension funds, banks, insurance companies, asset managers and other institutional investors with a low-risk cash alternative and strengthen its global proposition. FNZ Yield Plus notes offer… Read More

July 17, 2023 @ 11:11 pm By Omar Faridi  |  

The Norwegian Public Service Pension Fund (SPK) has announced a contract agreement with Mambu, a cloud banking platform, and Knowit, a Nordics-based digital consultancy. The partnership is set “to modernize SPK’s housing loan solution, allowing the institution to build a flexible, user-friendly, and complete component-based… Read More

July 17, 2023 @ 7:55 am By Omar Faridi  |  

A report from FX-as-a-Service pioneer, MillTechFX, has revealed that many corporates in North America are looking to diversify their FX counterparties after the recent banking crisis highlighted the potential risks associated with having only one or two banking partners. The report entitled ‘The MillTechFX North… Read More

July 16, 2023 @ 11:37 am By Omar Faridi  |  

Iberpay and Spanish banks such as BBVA, Santander and CaixaBank have carried out the first test of this pioneering service in Europe in anticipation of the official entry into force, on November 28th, of the new One-Leg-Out Instant Credit Transfer (OCT Inst) scheme of the… Read More

July 14, 2023 @ 12:05 pm By Omar Faridi  |  

CapStack, which claims to be the first integrated operating system for banks, recently announced it has emerged from stealth backed by $6 million in pre-seed funding. The investment round was “oversubscribed and led by Fin Capital with participation from Alloy Labs, Rex Salisbury’s Cambrian Ventures,… Read More

July 14, 2023 @ 9:01 am By Omar Faridi  |  

Marqeta (NASDAQ: MQ), the global modern card issuing platform, announced its expansion into Brazil, with a new partnership with Latin American banking-as-a-service platform Fitbank and network certification with Visa. As part of Marqeta’s partnership with Fitbank, the company “will both be a Marqeta customer, using… Read More

July 14, 2023 @ 5:58 am By Omar Faridi  |  

ION, which claims to be a global leader focused on trading, analytics, treasury, and risk management solutions for capital markets, commodities, and treasury management, announces that Raiffeisen Bank International (RBI) has “implemented ION’s new ISO 20022 solution.” A corporate and investment bank in Austria and… Read More

July 13, 2023 @ 11:41 pm By Omar Faridi  |  

The Bank of London announces it has submitted its formal application for a European Union (EU) Banking Licence and “commits to €200M investment and hiring 300 people in Luxembourg over the next five years.” The formal application has been jointly “lodged with the European Central… Read More

July 13, 2023 @ 9:34 pm By Omar Faridi  |  

Emirates NBD, a banking group in the MENA region and Turkey, has launched an enhanced and upgraded version of its WhatsApp banking service, “providing customers with a convenient, secure and reliable digital banking experience like never before.” Emirates NBD WhatsApp banking “allows customers to seamlessly… Read More