Tagged: banking

February 28, 2023 @ 8:15 pm By Omar Faridi  |  

Maybank, Southeast Asia’s fourth largest bank by assets, reported “a net profit of RM8.23 billion for the financial year ended 31 December 2022 (FY22).” Profit before tax (PBT) meanwhile, “was 11.6% higher at RM12.15 billion from RM10.89 billion a year earlier.” The better results were… Read More

February 27, 2023 @ 11:17 pm By Omar Faridi  |  

Doconomy, the climate technology startup helping banks, brands, and consumers to better understand and reduce their environmental impact – has acquired Stockholm-based financial wellbeing fintech Dreams Technology. This marks the “first” deal of its kind “to bridge the unique intersection of behavioural economics and climate… Read More

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

Earnix, the provider of intelligent cloud-based real-time rating, dynamic pricing and product personalization solutions for insurers and banks, announced the appointment of Mike Keller, Board Member at Guidewire and Encova Insurance, and Scott Fitzgerald, Chief Marketing Officer at Intapp, to its newly-formed advisory board. The… Read More

February 27, 2023 @ 11:50 am By Omar Faridi  |  

TransferMate have announced the launch of ‘TransferMate Connect’, an integrated payments solution for banks and financial institutions “to deliver faster and more cost-effective payments products and services for their customers.” TransferMate claims it has “built the largest non-bank payments infrastructure in the world, covering more… Read More

February 25, 2023 @ 6:36 pm By Omar Faridi  |  

DirectID, a UK-based, global fintech specializing in credit risk, risk analytics and predictive modelling, using bank transaction data, announced that Ingka Investments, the investments arm of Ingka Group, has made a EUR 9m minority investment in the company. With a mission to promote financial inclusion… Read More

February 24, 2023 @ 12:22 pm By Omar Faridi  |  

NatWest and NAB have published a jointly authored white paper “exploring the common threads that bind both Australia’s Consumer Data Right (CDR) and the UK’s Open Banking regime.” The agenda-setting whitepaper “highlights the similarities in the policies that underpin both regimes: to increase competition, innovation… Read More

February 20, 2023 @ 8:35 am By Omar Faridi  |  

In order to provide the complete set of features that many of their customers know and love, Plutus works with various third parties including a banking partner. Their banking partner “provides and manages your Plutus current account.” Plutus is “moving from one of its current… Read More

February 18, 2023 @ 3:55 pm By Omar Faridi  |  

Tuum, the “next-generation” core banking platform, has announced the appointment of Edgardo Torres-Caballero as Chief Revenue Officer (CRO). The company is “seeing strong demand for its technology, with an Annual Recurring Revenue of almost 400% on last year.” The appointment is part of Tuum’s wider… Read More

February 16, 2023 @ 7:37 am By Omar Faridi  |  

Sandbox Banking, the fintech building a low-code integration platform for banking, announces its completion of “a strategic investment led by Horizon Ventures, bringing the company’s total financing to $6M.” Participating investors reportedly “include Forum Ventures, SixThirty, Tuesday Capital.” Using the company’s Glyue™ platform, banks and… Read More

February 16, 2023 @ 6:47 am By Omar Faridi  |  

The Bank of London, the next-generation technology company and the world’s first purpose-built global clearing, agency, and transaction bank, is delighted to announce “the appointment of Norbert Becker as Chair of the European Union (EU) region for the firm.” In addition to his role as… Read More

February 15, 2023 @ 9:07 am By Omar Faridi  |  

Plaid, the data network that powers the tools millions of people rely on to live a healthier financial life, and Okta, Inc. (NASDAQ: OKTA), the independent identity provider, announced a partnership and integration “to help thousands of banks and financial institutions adopt OAuth and APIs… Read More

February 15, 2023 @ 8:38 am By Omar Faridi  |  

Comun, a Latino-founded neobank that provides modern banking solutions for Latino families, announced it closed a $4.5M seed round led by Costanoa Ventures with participation from South Park Commons and FJ Labs. The company plans “to use the funds to build a financial hub with… Read More

February 15, 2023 @ 3:51 am By Omar Faridi  |  

Starling Bank is rolling out its first savings product for small businesses offering a competitive fixed interest rate of 2.5% “over one year on balances of £2,000 or more.” The new 1-Year Business Fixed Saver is “built seamlessly into the app.” Account holders can “transfer… Read More

February 14, 2023 @ 9:53 pm By Omar Faridi  |  

In line with the vision of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, and Chairman of the Central Bank of the UAE’s (CBUAE) Board of Directors, the CBUAE launched its Financial Infrastructure Transformation Program (FIT program)… Read More

February 14, 2023 @ 4:56 pm By Omar Faridi  |  

CSI, a provider of end-to-end fintech and Regtech solutions, announced that its comprehensive suite of prebuilt open APIs “has facilitated partnerships for ECHO Health, Inc. and MOCA Financial, Inc. with financial institutions to deploy Banking as a Service (BaaS) and payments initiatives.” CSI’s advanced application… Read More

February 13, 2023 @ 12:27 pm By Omar Faridi  |  

INDEXO, the pension management company that is now working on its new bank project, has selected its key banking technology platform – Mambu, a cloud-native banking platform already in use by banking institutions including Raiffeisen Bank, ABN AMRO’s New10, N26, Western Union and others. Mambu… Read More

February 13, 2023 @ 10:42 am By Omar Faridi  |  

The Italian banking sector is going through a moment of “strong transformation” and faces many challenges in customer relations, according to an update from Backbase. Its centrality is “increasingly evident and its daily needs, which are constantly evolving, become more and more pressing and to… Read More

February 12, 2023 @ 10:03 pm By Omar Faridi  |  

SMBC has announced the launch in March 2023 of “Olive,” an all-in-one card “that combines a Sumitomo Mitsui Banking account, credit, debit, and point payments.” SMBC, or Sumitomo Mitsui Banking Corporation, is a global financial services firm based in Japan. SMBC has been active in… Read More

February 11, 2023 @ 10:13 am By Omar Faridi  |  

Banking and payments conglomerate Fidelity National Information Services Inc (NYSE: FIS) is reportedly planning to break up its operations, which will involve undoing a $43 billion acquisition it finalized a few years back. This, according to sources familiar with the matter (and cited by Reuters)…. Read More

February 9, 2023 @ 10:59 pm By Omar Faridi  |  

The Bank of London, the “next-generation” technology company and the world’s first purpose-built global clearing, agency, and transaction bank, announced it has raised $40M, in an extension to its Series C funding, “bringing the company’s total raise to $160M.” This investment round follows The Bank… Read More