Tagged: banking

June 15, 2023 @ 12:48 pm By Omar Faridi  |  

Umpqua Bank announced the rollout of Integrated Receivables, a “powerful” cloud-based platform for business customers that will help accounting departments “streamline the processing of high volumes of invoiced payments each month, strengthening companies’ cashflow management and overall efficiency.” Umpqua’s Integrated Receivables helps “eliminate a critical… Read More

June 15, 2023 @ 11:19 am By Omar Faridi  |  

The failure of several prominent banks, “highlighted the need for financial services institutions to better anticipate and manage risk.” To address these challenges, Oracle (NYSE: ORCL) has “launched new cloud-native services that can help banks strengthen their finance and risk management processes to reflect their… Read More

June 15, 2023 @ 8:55 am By Omar Faridi  |  

PKO Bank Polski, the largest universal bank in Central and Eastern Europe, develops an innovative system of value-added services (VAS) in the form of a generally accessible and easy API. In this way, the Bank wishes “to expand the VAS offer available in the mobile… Read More

June 14, 2023 @ 9:03 am By Omar Faridi  |  

Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NYSE: INFY), and Keytrade Bank, the first online bank in Belgium and part of Credit Mutuel Arkea, one of France’s largest banking groups, announced the bank’s decision to select Infosys Finacle as the preferred… Read More

June 13, 2023 @ 12:04 pm By Omar Faridi  |  

United State Bank has partnered with digital banking provider, Bankjoy in order “to deliver a world-class online and mobile banking experience for its account holders.” Founded in 1922 and based in Lewistown, Mo., United State Bank “serves the financial needs of retail customers and commercial… Read More

June 13, 2023 @ 8:50 am By Omar Faridi  |  

Allica Bank claims it is one of the fastest UK fintechs to hit profitability – “becoming monthly profitable in June 2022, less than three years after securing a banking licence – and achieving a £3m pre-tax profit in the second half of the year.” Allica… Read More

June 12, 2023 @ 7:17 pm By Omar Faridi  |  

Earnix, the global provider of intelligent, composable, SaaS solutions for insurers, banks and auto lenders announced Pricing Accelerator, a pricing management workflow that enables business users and pricing committees “to make data-driven pricing decisions in real-time, accelerating organizational growth.” Dynamic pricing backed by analytical modeling… Read More

June 12, 2023 @ 6:57 pm By Omar Faridi  |  

AMNIS Treasury Services AG (amnis), a Fintech company founded in 2014 with the objective of simplifying international banking for SMEs, has recently acquired the SME portfolio of FX-Consulting AG. With this strategic move, the two Zurich-based companies aim “to enhance their support for Swiss SMEs… Read More

June 12, 2023 @ 11:58 am By JD Alois  |  

One Zero Bank, a digital bank startup based in Israel, is adding artificial intelligence (AI) to its platform, according to a recent report. At the same time, One Zero is raising growth capital, providing an entry point for smaller (accredited) investors on OurCrowd. It was… Read More

June 12, 2023 @ 9:57 am By JD Alois  |  

Anne Boden, an iconic Fintech CEO who is the founder of digital bank Starling Bank, revealed that she would be stepping down from the bank last month. Recently, more information on the exit of Boden has been revealed. Reportedly, Boden decided to step down from… Read More

June 11, 2023 @ 6:54 pm By Omar Faridi  |  

Tonik recently revealed that it’s pleased to announce that they have successfully “onboarded over 1 million users since they launched in March 2021.” According to Tonik, this is such a momentous occasion for them “because it is solid proof of our significant contribution to improving… Read More

June 10, 2023 @ 12:28 pm By Omar Faridi  |  

ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, today announced its partnership with Allica Bank, the fintech challenger bank dedicated to supporting established UK small and medium businesses. Allica Bank was founded “to serve established UK SMEs (businesses with 10-250 employees)… Read More

June 9, 2023 @ 3:13 pm By Omar Faridi  |  

In recent years, Danske Bank has made fundamental changes to the bank, resulting in a more focused business with a reduced risk level and a strengthened organization. Simultaneously they have “focused on strengthening our commercial momentum, and Danske Bank is on a clear trajectory to… Read More

June 8, 2023 @ 11:32 pm By Omar Faridi  |  

C6 Bank announces that its new carbon footprint product which launched last month running on Thought Machine’s cloud-native core banking technology, Vault Core, has offset more than 900 tonnes of carbon. ‍The carbon footprint offering, “built at record speed in under six months, makes C6… Read More

June 8, 2023 @ 8:37 am By Omar Faridi  |  

After more than a decade of significant investment in mobile apps and websites, many U.S. banks and credit card providers have mastered the basics of digital transaction management and are now turning their attention to more advanced “super tools.” According to a series of recent… Read More

June 7, 2023 @ 11:19 am By JD Alois  |  

S&P Global Market Intelligence has distributed a brief on traditional banks, providing a list of banks by assets as well as deposits. According to the report, a majority of the largest US banks posted increases in assets in the first quarter as failures and exited… Read More

June 7, 2023 @ 8:56 am By Omar Faridi  |  

The Joint Regulatory Oversight Committee (JROC) has recently set out an ambitious program of work “to take forward recommendations for the next phase of open banking in the UK.” This involves “setting up dedicated workstreams to action the six key themes and priorities outlined in… Read More

June 6, 2023 @ 11:59 am By Omar Faridi  |  

Online fraud and financial crime prevention platform SEON has released its latest ‘Global Banking Fraud Index’, which analyzes “the cost of fraud to banks and other financial institutions around the world in 2023.” Notably, the new review by SEON highlights the following: The value of… Read More

June 6, 2023 @ 7:21 am By Omar Faridi  |  

Backbase, which claims to be the global leader in Engagement Banking, proudly announced the appointment of Joost van Mook as Chief Commercial Officer today. Van Mook takes to Backbase’s customer-facing organization, “more than 17 years in enterprise application businesses.” Most recently he has “made an… Read More

June 5, 2023 @ 9:36 am By JD Alois  |  

A survey completed by CRIF says the youth in the UK are more interested in adopting digital banking in comparison to their continental Europe counterparts. The research claims one in five (21%) of those aged 18-34 in the UK would now choose a bank based… Read More