Ebury and Santander Germany are delighted to announce a new partnership to offer businesses in Germany a complete international finance solution to simplify international trade. By joining forces in Germany, clients will benefit from their combined services allowing them to trade with anyone from anywhere. The partnership has already been successfully trialled by a number […]
With €8.9bn raised in 2021 YTD (+78% vs 2020), the French Tech VC ecosystem has matured, and tech focussed investment bank ICON Corporate Finance predicts France will play a major role in creating European tech champions such as Sorare, Alan, Ledger, Mirakl, Back Market, amongst others. Average deal sizes have doubled, along with the number […]
Raisin Bank, the company-owned servicing bank of fintech Raisin DS, has publicly launched its Banking-as-a-Service (BaaS) offering using Mambu‘s SaaS cloud banking platform. All of Raisin Bank’s existing customers have been migrated to the Mambu platform and can now leverage state-of-the-art digital solutions for business models that require a banking licence. This move makes Raisin […]
ScotPac CEO Jon Sutton said the initiative will operate on a “first-come” basis from today until April 2022 or until funds are dispersed. This initiative will give up to 2000 businesses fast access to additional funds and caps a year in which ScotPac has helped more businesses access funding than ever before. There is no […]
Temenos (SIX: TEMN), the banking software company, today announced that Cambodian Hattha Bank has selected Temenos Infinity to power the launch of its SME banking business. The world’s #1 best-selling digital banking platform provides ready-to-use digital banking features to enable the bank to quickly launch and deliver USD millions in vital SME funding during the […]
CEC Bank, the oldest financial institution in Romania, is pioneering the use of low-code application development in the banking sector, with the launch of business current account packages that SMEs and sole traders can register for and manage 100% online. This is the latest app development by CEC Bank using Aurachain’s low code application platform […]
The International Islamic Trade Finance Corporation (ITFC) approved a €100m Murabaha financing to SENELEC (Senegal National Power Company). The company’s strategic mandate is to ensure the production, transmission, and distribution of electricity in Senegal. This approval reflects ITFC’s commitment to supporting the availability and affordability of electricity in member countries. The facility is purposed to cover […]
Izola Bank, a Maltese bank wholly owned by Belgium based Van Marcke Group, has chosen HPD Lendscape, a leading international secured-lending platform vendor, as the Bank’s new technology partner to replace the legacy working capital technology. The first stage of the migration, due to be delivered in early 2022, will see Izola Bank’s domestic and […]
With a record investment of $23bn across over 1000 funding deals in the last nine months, and with 33 new entrants into the exclusive unicorn club (start-up businesses valued at over £1bn), India is hot on the heels of the UK’s $30bn of start-up investment in the last year. While the momentum of funding had […]
Banks may have to turn technology and crypto challenges into opportunities if they are to prosper in a fast-changing financial landscape. Without opening new business lines or effecting other structural change, the sector’s profitability will remain tepid. That’s according to participants at S&P Global Ratings’ recent European Financial Institutions Virtual Conference. A link to the […]
