Tagged: banking

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

June 5, 2023 @ 8:24 am By Omar Faridi  |  

Xapo Bank, a fully licensed private bank that combines traditional banking with access to Bitcoin and stablecoins, announced an integration with the single euro payments area (SEPA) network, allowing members the seamless movement of funds in Euros (EUR). First introduced in 2008 and comprising 36… Read More

June 3, 2023 @ 6:16 pm By Omar Faridi  |  

Tandem, the UK’s “greener” bank, reports that it “delivers full year profitability for first time in the bank’s history after 12 months of strong growth.” Tandem Bank says it is “further cementing its position as one of the nation’s go-to banks for those looking to… Read More

June 3, 2023 @ 11:11 am By Omar Faridi  |  

Kasisto, creators of KAI, the digital experience platform for the financial services industry, announced the launch of KAI-GPT, the world’s first banking-specific large language model (LLM), designed to address the industry’s unique needs for accuracy, transparency, trustworthiness and customization. Powered by KAI-GPT, KAI Answers is… Read More

June 2, 2023 @ 3:17 pm By Omar Faridi  |  

Quantinuum, which claims to be one of the world’s largest quantum computing companies, and HSBC are pleased “to announce a series of exploratory projects that exploit the potential near- and long-term benefits of quantum computing for banking with specific projects in cybersecurity, fraud detection, and… Read More

June 1, 2023 @ 3:44 pm By Omar Faridi  |  

Bankjoy, a digital banking provider, has launched Business Banking 2.0, which features new product and service enhancements designed to help banks and credit unions better serve businesses across their local communities. Bankjoy announced “the launch of Business Banking 2.0 at Corelation’s 12th Annual Client Conference… Read More