FCA testing service to enhance client trust in AI
Suman Rao, Managing Director for the UK and Ireland at Avaloq, comments on the FCA’s latest AI announcement and its potential impact on wealth managers: “The FCA’s planned testing service for AI...
Finastra launches Transformation Service to support multiple messaging standards, including ISO 20022
Finastra, a global provider of financial software applications, today announced the launch of its Transformation Service, supporting the translation of MT formatted messages to the new ISO 20022 MX messaging standard,...
bunq brings crypto investing to its secure banking app
bunq, the second largest neobank in Europe, today launched bunq Crypto, empowering its users to safely and effortlessly invest in the cryptocurrency market. Starting today, users in the Netherlands, France, Spain,...
Backbase unveils the first AI-powered banking platform
Backbase has officially launched the world’s first AI-powered Banking Platform, marking a major industry shift just months after the debut of its Intelligence Fabric in September 2024. Purpose-built to accelerate both...
Australia’s 1st In-Store Pay by Bank with Rewards Launched
Banked, the leading global Pay by Bank provider, has partnered with Australia’s top retail pharmacy group Chemist Warehouse, and leading shopping, rewards, and payments platform ShopBack, to launch the country’s first in-store Pay...
TBC Uzbekistan Launches SME Lending
TBC Uzbekistan, the leading digital banking ecosystem in Central Asia, announces the launch of a new lending product for small and medium sized enterprises (SMEs) and individual entrepreneurs. The new product...
Lloyds Banking Group Transforms Lending with FICO Platform
As part of an ambitious programme to move its lending infrastructure to the cloud, Lloyds Banking Group (LBG) has transformed its operations with FICO® Platform, enabling over £7 billion in annual loans. By leveraging real-time data...
GB Bank Hits £2 Billion in Assets
GB Bank, one of the UK’s fastest-growing challenger banks, today announced that its balance sheet surpassed £2 billion. The news comes after it received its most recent tranche of £90 million in...
bunq Completes First Phase of US Banking License Filing
bunq, the second largest neobank in Europe, is moving forward with its US banking license process. The company has filed for a broker-dealer license as part of a two-phase strategy to...
Mediterranean Bank Selects Finastra’s Core Banking Solution to Transform Customer Experiences and Drive Sustainable Growth in Libya
Finastra, a global provider of financial software applications, today announced that Mediterranean Bank, a provider of retail and corporate banking services in Libya, has selected its core banking solution, Finastra Essence,...
