Tagged: banking

May 30, 2023 @ 11:47 am By JD Alois  |  

Recently, Ram Ahluwalia wrote an Op-Ed for American Banker that posed a somewhat controversial take on banking. Ahluwalia said outdated banking rules are denying access to Big Tech firms, like Apple and Amazon, who could enter the banking sector and bring loads of capital as… Read More

May 29, 2023 @ 5:35 pm By Omar Faridi  |  

UOB Malaysia announced the launch of its refreshed mobile banking app, UOB TMRW. The all-in-one app, “powered by leading technologies including data analytics, artificial intelligence (AI) and machine learning models, underscores the Bank’s commitment to provide customers with a simpler, smarter and more personalized banking… Read More

May 27, 2023 @ 7:57 am By Omar Faridi  |  

Qred, which claims to be one of Europe’s fastest-growing companies, has been granted a full bank license by the Swedish Financial Supervisory Authority (SFSA). Using its proprietary AI-powered financing platform, Qred has since inception in 2015 “issued over 100,000 loans to small businesses in the… Read More

May 25, 2023 @ 11:17 pm By Omar Faridi  |  

Atom bank has announced it will appoint Lee Rochford as its new Chairman, subject to full regulatory approval. He will replace Bridget Rosewell when she “steps down in September, having held the role for five years and overseen a critical period of Atom’s growth.” Lee… Read More

May 22, 2023 @ 10:27 pm By Omar Faridi  |  

Tilta, a Berlin-based Fintech, announced the successful launch of its greenfield lending solution on Mambu’s cloud banking platform. Powered by Mambu, Tilta can “enhance the payment experience for B2B merchants and their end customers, while closing the working capital gap on eCommerce marketplaces.” Tilta provides… Read More

May 22, 2023 @ 10:41 am By Martin Rauchenwald and Philippe De Backer  |  

The fall of Silicon Valley Bank (SVB), the emergency merger of Credit Suisse with UBS, and most recently, the seizure and sale of First Republic Bank quickly dissipated much of the trust that had been slowly returning to the banking sector. The question remains: if… Read More

May 21, 2023 @ 10:41 pm By Omar Faridi  |  

Repay Holdings Corporation (NASDAQ: RPAY), a provider of vertically-integrated payment solutions, announced its integration with Q2’s Digital Banking Platform, via the Q2 Partner Accelerator Program. Q2 Holdings, Inc. (NYSE: QTWO) is “a provider of digital transformation solutions for banking and lending.” As part of the… Read More

May 19, 2023 @ 10:12 am By Omar Faridi  |  

Cashfree Payments, India’s payments and API banking company, has partnered with Tazapay, Singapore-based cross-border payments company to power their cross-border payments for Indian exporters. The partnership allows Tazapay “to settle all cross-border payments directly to Indian exporters’ local bank accounts in Rupees (INR) in one… Read More

May 19, 2023 @ 9:37 am By Omar Faridi  |  

Corserv, a company that empowers banks and fintechs with payment programs, has implemented a credit card program with Pennsylvania-based Meridian Bank in order “to serve their business and commercial customers.” Meridian Bank is “a $2 billion full service commercial bank, founded in 2004 and headquartered… Read More

May 17, 2023 @ 8:24 am By Omar Faridi  |  

LHV Bank, a provider of banking services to fintechs and SME lending solutions for UK businesses, announces the extension of its maximum loan size to £5 million, enabling further support for UK SMEs aiming to grow. LHV Bank’s Manchester-based SME lending team “offers commercial mortgages… Read More

May 16, 2023 @ 9:40 am By Omar Faridi  |  

The digital bank N26 announced the launch of its new N26 Instant Savings account in Spain, offering eligible customers “with a Spanish IBAN 2.26% AER (2,26% NIR) on deposits with no conditions of permanence, no minimum deposit amounts required, no additional fees, and no need… Read More

May 15, 2023 @ 11:04 pm By Omar Faridi  |  

P.F.C. (Personal Finance Co.), a Stockholm-based fintech, announced that its customers can now take out personal loans directly in the app, extending the range of financial services it provides on Mambu’s cloud banking platform. Mambu’s rapid deployment capability enabled P.F.C. “to configure the personal loan… Read More

May 13, 2023 @ 3:48 pm By Omar Faridi  |  

Underpinning its ambitious plans to build a super-correspondent bank for global B2B payments, Banking Circle has joined the UK Faster Payments Service (FPS) as a Direct Participant for GBP. This latest initiative means clients now “have access to real-time direct clearing and settlement for both… Read More

May 12, 2023 @ 12:37 pm By Omar Faridi  |  

Neonomics, a Nordic open banking provider, has expanded the launch of their core open banking driven Checkout solution to the Danish market. This payment solution makes it easy for any business “to get started with account-to-account payments through a frictionless front-end user interface, delivering higher… Read More

May 11, 2023 @ 7:34 pm By Omar Faridi  |  

Feedzai, a provider of financial crime and risk management solutions, today announced significant enhancements to its RiskOps Platform, “enabling banks to better protect their customers from a wide variety of financial scams.” These new Feedzai ScamPrevent capabilities “deliver detection, classification, and interception of the widest… Read More

May 11, 2023 @ 7:21 am By Omar Faridi  |  

Sygnum announces the addition of Cosmos’ native token ATOM to its expanding portfolio of regulated digital asset banking products and services. Sygnum clients “can now conveniently buy and hold ATOM on its institutional-grade platform and stake their holdings to earn attractive staking rewards” From today,… Read More

May 10, 2023 @ 5:28 pm By Omar Faridi  |  

Resistant AI, the AI and machine learning financial crime prevention specialists, today announces that Bank of Valletta, the largest bank in Malta, is to adopt its Transaction Forensics product for anti-money laundering (AML). It will “enable the bank to prevent and detect transactions that are… Read More

May 10, 2023 @ 5:24 pm By Omar Faridi  |  

Temenos open platform, running on Red Hat OpenShift, is now available on IBM Power, LinuxONE and IBM Cloud for Financial Services to enable banks to realize the benefits of hybrid cloud. The partnership aims “to help accelerate banks’ digital transformation programs by providing enhanced security,… Read More

May 10, 2023 @ 12:26 pm By Omar Faridi  |  

Taktile, the automated decisioning platform, announced the launch of its Data Marketplace as part of its mission to revolutionize how fintechs and banks harness data to make decisions. The Taktile Data Marketplace is described as “a one-stop ecosystem of leading data providers that enables customers… Read More

May 10, 2023 @ 9:37 am By Omar Faridi  |  

Grasshopper, the client-first digital bank built for the business and innovation economy, and Sydecar, a frictionless deal execution platform for venture investors, announced a partnership to provide Sydecar’s venture investing clients with access to digital banking products through Grasshopper’s Banking-as-a-Service (BaaS) platform. The partnership fulfills… Read More