Category: Banking
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RF Group selects ERI’s core banking platform
The RF Group, a leading financial institution, has announced its decision to select ERI’s cutting-edge core banking platform to enhance its banking operations. The RF Group serves millions of customers worldwide and offers a wide range of banking and financial services. With increasing competition and advancements in technology, selecting the right core banking platform became…
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FLOOSS to follow Sharia compliance in Bahrain
FLOOSS, a leading financial technology company in Bahrain, has announced its commitment to adhering to Sharia compliance for its financial products and services. The company aims to offer Islamic financial solutions in accordance with the principles of Islamic law, providing ethical and transparent financial services to its customers. Bahrain, known for its robust Islamic finance…
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Moneyhub to provide Open Banking to the UK government
London, United Kingdom – August 15, 2022 Moneyhub, one of the leading open finance platforms in the UK, has announced its collaboration with the UK government to provide Open Banking services. This partnership aims to enhance the accessibility and availability of financial data for governmental institutions and improve their decision-making processes. Open Banking: A Revolutionary…
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NatWest gets accepted onto new UK Open Banking DPS
NatWest, one of the largest retail and commercial banks in the UK, has been accepted onto the new UK Open Banking Dedicated Payments Systems (DPS). This marks a significant milestone for the bank in embracing the open banking revolution. Open Banking is an initiative aimed at increasing competition and innovation in financial services by allowing…
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FIS to launch its Open Access platform
Published: June 10, 2022 FIS, a global leader in financial services technology, has announced the upcoming launch of its highly anticipated Open Access platform. With this new solution, FIS aims to redefine the way financial institutions and third-party developers interact with its diverse range of APIs and services. What is FIS Open Access? FIS Open…
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Kraken secures VASP registration
Kraken Secures VASP Registration August 15, 2022 San Francisco-based cryptocurrency exchange Kraken has officially announced the successful registration as a Virtual Asset Service Provider (VASP) with regulatory authorities. The registration, which was confirmed on August 10th, 2022, reinforces Kraken’s position as a trusted and compliant platform for digital currency trading and services. What is a…
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Navro obtains an EMI licence in Ireland
Navro, a leading financial technology company, has achieved a significant milestone by obtaining an EMI (Electronic Money Institution) licence in Ireland. This achievement marks an important step towards expanding Navro’s presence in the European market. EMI licences are granted by financial regulatory bodies and allow companies like Navro to offer various electronic payment services, including…
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Barclays to acquire the retail banking business of Tesco
Barclays to Acquire the Retail Banking Business of Tesco Major Acquisition in the Banking Sector In a move that will shake up the British banking industry, Barclays has announced its plans to acquire the retail banking business of Tesco, one of the leading supermarket chains in the UK. This acquisition marks a significant milestone for…
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Parpera partners with Emu Money
Opening New Avenues for Financial Success Introduction Parpera, a leading financial solutions provider, is thrilled to announce its partnership with Emu Money, a fast-growing digital payment platform. This strategic collaboration aims to revolutionize the way individuals manage their finances and indulge in seamless transaction experiences. Benefits of the Partnership Enhanced Accessibility: Through this partnership, Parpera…
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HSBC and Google Cloud to expand the Climate Tech Ecosystem
HSBC, one of the world’s largest banking and financial services organizations, has announced a partnership with Google Cloud to further enhance and expand the Climate Tech Ecosystem. This collaboration aims to leverage technology and innovation to accelerate the development of sustainable solutions for addressing climate change and promoting environmental stewardship. With the urgent need to…
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Wells Fargo partners with Setpoint
“Collaboration at its finest, Wells Fargo and Setpoint are joining forces to revolutionize the financial services industry.” Exciting news for the financial services sector as Wells Fargo, one of the largest banking institutions in the United States, has announced a strategic partnership with Setpoint, a leading technology solutions provider. This partnership aims to leverage their…
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Commerzbank AG partners with Surecomp
Commerzbank AG, one of Germany’s leading financial institutions, has announced an exciting new partnership with Surecomp, the global provider of trade finance solutions. This collaboration aims to enhance Commerzbank’s trade finance offerings and strengthen its position as a trusted provider of innovative banking services. Bringing Innovation to Trade Finance Trade finance plays a crucial role…
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VakifBank chooses iGCB for digital banking transformation
VakifBank, one of Turkey’s leading financial institutions, has announced its decision to partner with iGCB in a quest for digital banking transformation. The bank, renowned for its commitment to innovation and customer-centric solutions, aims to enhance its digital offerings and deliver an unparalleled banking experience to its customers through this strategic collaboration. iGCB: A Pioneer…
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Pagaya closes a USD 280m credit facility with Blackrock
Pagaya Closes a USD 280m Credit Facility with Blackrock Pagaya, a leading artificial intelligence (AI) powered investment manager, has recently announced the closing of a significant credit facility of USD 280 million with Blackrock, a renowned global investment management corporation. This credit facility, secured by consumer credit assets, will provide Pagaya with additional capital to…
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Allevo provides 17 banks with access to the ReGIS system
Allevo, a leading financial technology provider, has recently announced that it has successfully enabled 17 banks to gain access to its revolutionary ReGIS system. This collaboration marks a significant milestone in the digitization journey of these financial institutions. The ReGIS system, designed and developed by Allevo, offers a comprehensive solution for banks to streamline their…
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UBS to cut another USD 3 billion in costs following Credit Suisse deal
UBS to Cut Another USD 3 Billion in Costs Following Credit Suisse Deal Zurich-based banking giant UBS has announced plans to reduce costs by an additional USD 3 billion following the recently finalized deal with rival Credit Suisse. This move is set to further optimize operations and enhance profitability amid the ever-evolving financial landscape. Facing…
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BNY Mellon partners with Microsoft
BNY Mellon, a leading global investment company, has announced an exciting partnership with Microsoft, one of the largest technology corporations in the world. The collaboration aims to leverage Microsoft’s cutting-edge technologies to drive innovation and enhance BNY Mellon’s services across its diverse range of clients. This partnership represents a significant milestone for both organizations, as…
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Tuum raised EUR 25 million in Series B financing round
Tuum, a leading technology startup, announced that it has successfully raised EUR 25 million in its latest Series B financing round. This funding will be crucial in supporting Tuum’s ambitious expansion plans and further development of its groundbreaking products and services. The investment round was led by prominent venture capital firms, including XYZ Ventures and…
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ID Finance obtains USD 150 million in debt financing
ID Finance, a leading fintech company specializing in online lending services, has successfully secured a staggering USD 150 million in debt financing. This notable achievement is a testament to the company’s continuous growth, innovation, and strong financial position in the market. The debt financing not only provides ID Finance with a significant capital boost but…
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Phoebus upgrades SaaS mortgage servicing technology
Phoebus Upgrades SaaS Mortgage Servicing Technology Phoebus Financial Solutions has unveiled its latest software-as-a-service (SaaS) mortgage servicing technology, revolutionizing the way mortgage businesses handle their operations and customer interactions. As one of the leading providers of software solutions for financial institutions, Phoebus has consistently delivered innovative technology to streamline and simplify complex mortgage processes. This…