Tagged: banking

October 13, 2022 @ 12:29 pm By Omar Faridi  |  

Temenos (SIX: TEMN) recently announced that it is the first to market with a SaaS offering that enables banks “to manage financial crime mitigation (FCM) with composable banking services on a secure, continually evolving, self-service platform.” Temenos’ FCM-as-a-Service “delivers pre-built configurations aligned to global industry… Read More

October 13, 2022 @ 11:22 am By Omar Faridi  |  

Deutsche Bank (ETR: DBK) and Fiserv (NASDAQ: FISV), which claims to be a global leader in payments and financial services technology, have launched Vert, which is described as “a comprehensive payment acceptance and banking services provider to small and medium-sized enterprises (SMEs).” Vert is reportedly… Read More

October 12, 2022 @ 2:07 pm By Omar Faridi  |  

Finastra has announced that it has partnered with Kotak Mahindra Bank to support its new integrated corporate banking portal, Kotak FYN, “using Finastra’s Unified Corporate Portal solution.” Kotak Bank and Finastra have been working together since October 2021 “to expand the Kotak FYN portal for… Read More

October 12, 2022 @ 8:37 am By Omar Faridi  |  

Bluevine, which claims to be the leading provider of holistic banking solutions designed for small businesses and Heard, the financial back-office for therapists in private practice, announced a partnership in order “to provide business checking to mental health professionals.” COVID saw “a twenty percent rise… Read More

October 11, 2022 @ 10:57 pm By Omar Faridi  |  

LuLu Financial Group – which claims to be one of UAE’s leading financial services company, has joined hands with Wio Bank – the region’s “first” platform bank to allow Wio Business customers “to make account deposits through its network of LuLu Exchange branches.” The partnership… Read More

October 11, 2022 @ 9:43 pm By Omar Faridi  |  

Zetl and Netbank, (a Rural Bank), inc. have partnered in order “to provide an innovative approach to SME financing in the Philippines.” Under this partnership, Zetl will “identify ‘asset light’ SMEs with a regular and guaranteed income stream, seeking funding.” Netbank will “provide loans to… Read More

October 10, 2022 @ 11:07 pm By Omar Faridi  |  

October, the European Fintech company specializing in SME financing, and Solution Bank, an innovative corporate & investment bank, have “developed a new way of financing SMEs.” Businesses that apply to October for financing will also “have Solution Bank’s resources directly available to them.” The challenger… Read More

October 10, 2022 @ 10:02 pm By JD Alois  |  

Airwallex has raised an additional USD $100 million at a valuation of USD $5.5 billion, the same as its previous round. The “Series E extension” raising money from existing investors, Square Peg, Salesforce Ventures, Sequoia Capital China, Lone Pine Capital, Hermitage Capital, 1835i Ventures and… Read More

October 9, 2022 @ 11:34 pm By Omar Faridi  |  

A new independent survey of more than 2,000 European SMEs has found: 68% plan to adopt real-time payment processing in the next 12 months At present, just 10% of SMEs can receive payments instantly 23% say their international growth has been hindered due to delays… Read More

October 7, 2022 @ 3:51 pm By Omar Faridi  |  

Axway (Euronext: AXW.PA), a provider of open banking built on the Amplify API management platform, is pleased to announce its partnership with Blanc Labs, a “trusted” financial service and healthcare innovation partner. While the largest banks are already well along their digital journey, many others… Read More

October 7, 2022 @ 3:07 pm By Omar Faridi  |  

U.S. Bank has announced a new innovative offering “to meet small business owners’ desire for a better line of sight into their future cash flow.” A new online banking tool will “enable the bank’s small business clients to see a 90-day forecast of their cash… Read More

October 7, 2022 @ 7:47 am By Omar Faridi  |  

PKO Bank Polski says the Metaverse initiative will be used as a laboratory “to broaden experience and to test relevant technological solutions.” According to Paweł Gruza, vice president of the management board of PKO Bank Polski managing the work of the management board, in the… Read More

October 6, 2022 @ 6:43 pm By Omar Faridi  |  

RBC announced it has acquired MDBilling.ca, a cloud-based platform that automates and simplifies medical billing for Canadian physicians. The company joins Dr.Bill at RBC, another medical billing company “acquired by the bank in 2020.” Founded in 2008, Toronto-based MDBilling.ca’s product offering is “rooted in its… Read More

October 6, 2022 @ 12:48 pm By Omar Faridi  |  

Argentina-based Fintech firm Uala will reportedly be investing $150 million over the upcoming 18 months in order to support its virtual banking business, primarily in Mexico and Colombia. This, according to company CEO Pierpaolo Barbieri (whose comments came during a recent interview with Reuters). The… Read More

October 4, 2022 @ 10:52 pm By Omar Faridi  |  

Inswitch, a Fintech technology company with a focus on embedded solutions for banking and payments, and Mastercard International Incorporated have partnered “to design and deliver digital payment solutions and issuing programs starting with selected countries across LAC.” Inswitch will “start issuing cards as a Mastercard… Read More

October 4, 2022 @ 9:47 pm By Omar Faridi  |  

Corserv, a company that empowers banks and fintechs with payment programs, has implemented a comprehensive credit card program with Studio Bank in order “to provide innovative payment solutions.” Pioneered in Nashville, Studio Bank built a digital bank “with a local presence – their model is… Read More

October 3, 2022 @ 10:49 pm By Omar Faridi  |  

Savana, which claims to be one of the industry leaders in financial software for banks and Fintechs, announced that Battle Financial, Inc., building the proposed Eagle County Colorado-based Battle Bank, has selected Savana “as the digital delivery platform to orchestrate its technology ecosystem and automate… Read More

October 3, 2022 @ 9:41 pm By Omar Faridi  |  

The government in Australia has noted that it would be issuing a formal response to a report advising banking institutions in the country of their duty to keep offering banking services to Fintechs, virtual currency trading platforms as well as remittance service providers. This, after… Read More

October 3, 2022 @ 11:44 am By JD Alois  |  

Chetwood Financial, a UK based digital bank that garnered a banking license in 2018, has announced a partnership with Mumsnet, a parenting forum. According to a statement issued by Chetwood Financial, it plans to launch a new family-focused financial services proposition next year. In partnering… Read More

October 2, 2022 @ 5:46 pm By Omar Faridi  |  

NdcTech, a global IT and consulting company providing transformational services for Banks and financial institutions has announced a collaboration with Red Hat, which claims to be the leading provider of enterprise open source solutions, “to deliver solutions based on cloud-native, open-source technologies in support of… Read More