Tagged: banking

July 30, 2022 @ 10:24 am By Omar Faridi  |  

NCR Corporation (NYSE: NCR), an enterprise technology provider, announced a strategic relationship with the Bank of New Zealand (BNZ), one of the largest banks in the country. Through its NCR ATM as a Service solution, NCR will “run the bank’s ATM fleet as part of… Read More

July 28, 2022 @ 11:47 pm By Omar Faridi  |  

Temenos (SIX: TEMN) and Wipro Limited (NYSE: WIT) announced an expanded partnership “to help banks of every size accelerate their modernization journey.” This expanded partnership will “enable banks across varying scales to accelerate their go-to market strategies in regions including the United States, the U.K… Read More

July 28, 2022 @ 10:47 pm By Omar Faridi  |  

TrueLayer, which claims to be Europe’s leading open banking platform, announced the availability of TrueLayer Payments for WooCommerce plugin, “enabling ecommerce SMBs to seamlessly add instant, secure account-to-account payments to their website.” Luxury watch retailer BQ Watches is one of “the first businesses to implement… Read More

July 27, 2022 @ 2:51 pm By Omar Faridi  |  

In an Australian banking first, retail CommBank customers will be able “to view their personalized carbon footprint within the CommBank app from early August.” The rollout to all CommBank retail customers “follows a pilot launched in October 2021, which allowed over 250,000 customers to view… Read More

July 27, 2022 @ 12:47 pm By JD Alois  |  

Fiserv, Inc. (NASDAQ: FISV), an old-school Fintech that has been offering services since about 1984, reported earnings that beat analyst expectations. Shares in Fiserv have responded positively to the news, trading higher at around $104 today, having traded at about $97 at the beginning of… Read More

July 27, 2022 @ 8:27 am By Omar Faridi  |  

Santander Corporate and Investment Banking (Santander CIB) and SAP Spain reached an strategic partnership with the aim “to boost digitalization across Global Transaction Banking services by co-innovating in solutions around the concept of invisible banking, improving client-to-bank connectivity, providing financial tools to help its clients… Read More

July 25, 2022 @ 10:57 pm By Omar Faridi  |  

Tietoevry has decided to initiate a strategic review of Tietoevry Banking, including a process “to study the potential separation into an independent company that would be listed on a stock exchange.” The aim is “to accelerate growth profile, scale and profitability of Tietoevry Banking, and… Read More

July 25, 2022 @ 8:18 am By Omar Faridi  |  

FNZ, the global wealth management platform, has acquired New Access, a specialized private banking technology firm “primarily active in the markets of Switzerland, Liechtenstein and Luxembourg.” These markets are key to “serving and administering client wealth globally and will support FNZ in delivering on its… Read More

July 24, 2022 @ 5:37 pm By Omar Faridi  |  

OneConnect Financial Technology Co., Ltd, the technology-as-a-service provider and an associate of Ping An Group, recently announced the launch of OneCosmo, a “one-stop” omni platform for all-in-one digital banking solutions jointly “developed with Brazil-based tech company Pismo, one of the fastest growing banking Software-as-a-Service (SaaS)… Read More

July 24, 2022 @ 1:44 pm By Omar Faridi  |  

Moneyhub, which claims to be one of the market-leading Open Data and payments platform, is teaming up with Pennyworth, a financial planning and banking app, “to redesign digital banking for the aspiring-affluent consumer.” Pennyworth, which has applied for a UK banking license, has “developed a… Read More

July 23, 2022 @ 11:17 am By Omar Faridi  |  

Arvest Bank, a community bank with over $26 billion in assets, announced a five-year partnership with Google Cloud to “enable and accelerate its multi-year digital transformation strategy.” The announcement “follows the bank’s partnership with technology leader Thought Machine, and comes on the heels of its… Read More

July 21, 2022 @ 4:02 pm By Omar Faridi  |  

BankiFi, an embedded banking solutions provider, announced its expansion into North America with “the launch of BankiFi Americas.” The organization’s growth and expansion into the U.S. market “will support the unique digitization and payment modernization requirements of SMBs, while placing financial institutions at the heart… Read More

July 21, 2022 @ 3:10 pm By JD Alois  |  

Neon, a Brazilian Fintech and digital bank, says it has raised $80 million for its first Credit Rights Investment Fund (FIDC). The credit card investment fund is focused on credit cards. Jamil Marques, CFO of Neon, said this 2nd fundraising by Neon endorses the strength… Read More

July 20, 2022 @ 10:10 pm By Omar Faridi  |  

Mahalo Banking, a CUSO that provides online and mobile banking solutions for credit unions, completed a $20 million funding round this month that was “led by Ohio-based Superior Credit Union, Ky.-based Park Community Credit Union and Del.-based Dover Federal Credit Union.” The additional capital “enables… Read More

July 19, 2022 @ 9:54 pm By Omar Faridi  |  

Apiture, which claims to be a “leading” provider of digital banking solutions, announced the closing of a $29 million fundraising round which was led by Live Oak Bank, with participation from other existing investors. The latest investment round “brings the total funding raised by Apiture… Read More

July 19, 2022 @ 11:15 am By Omar Faridi  |  

After its first monthly operating profit in Q1 FY22, Atom Bank has “delivered three further consecutive quarters of operating profit.” Underlying operating loss “narrowed to £2m – a £34m improvement over the previous year.” Income grew “by over 200%, with costs increasing by just 6%,… Read More

July 18, 2022 @ 12:55 pm By Omar Faridi  |  

Bluevine, which claims to be the leading provider of “holistic” banking solutions designed for small businesses, recently announced a new brand identity, “reflecting the company’s next era of its commitment to grow and evolve its services alongside the changing needs of small business owners.” Bluevine’s… Read More

July 18, 2022 @ 9:14 am By JD Alois  |  

Goldman Sachs (NYSE:GS) has beaten analyst estimates reporting Q2 2022 earnings per share of $7.73. At the same time, Goldman raised its dividend to $2.50 a share, a whopping 25% increase over previous amount. The price of Goldman shares increased in pre-market trading. David Solomon,… Read More

July 17, 2022 @ 9:47 pm By Omar Faridi  |  

SAP Fioneer, which claims to be a leading global provider of financial services software solutions and platforms, recently announced the launch of a new vertical product strategy that significantly “reshapes its offering to customers.” Adopting a vertical approach, three platforms will “provide IT solutions tailored… Read More

July 17, 2022 @ 8:47 pm By Omar Faridi  |  

WebBank recently announced that it has committed to invest up to $250 million in the obligations of a securitization structure supported by Avant that are “secured by credit card receivables.” The investment will be used “to meet the continuing demand and growth of the Avant®… Read More