Open banking platform Tink continues its expansion across Europe with the acquisition of Instantor, a European provider of credit decision solutions based on open banking technology. The acquisition will strengthen Tink’s product offering and market position in Europe. Following the acquisition, Instantor’s products and services — that are used by more than 150 live customers, […]
Closely following the expansion of its Middle East office, UK fintech cloud-payment processor, Paymentology has announced a similar focus on Singapore, with the appointment of Matt Bruton as the general manager for the Asia Pacific region. Already established in Singapore with an office and datacentre, Paymentology see the region ripe for material growth and the […]
UK cloud-based payment processor, Paymentology announces the expansion of its Middle East operation to meet the projected growth of digital banking in the region. With the appointment of Ashkay Patel as General Manager for the Middle East, and additions to the current teams based at the Dubai office and 24/7 contact centre in Pakistan, Paymentology […]
Abu Dhabi Islamic Bank (ADIB), a leading financial institution, has recorded high levels of digital adoption across its retail and corporate banking services in the first half of 2020. Nearly 60% of ADIB’s retail customers have used digital channels, registering more than 2 million transactions every month as customers conduct a wide range of banking […]
Cisco has launched a new financing programme to help SMEs purchase its products at 0% interest and with no upfront costs, at a fixed 3-year monthly payment term. SMEs will be able to purchase hardware, software solutions as well as services under the programme. The launch of the programme comes as the Covid-19 pandemic and […]
Europe has begun opening back up following extensive lockdowns to control the Covid-19 pandemic but, according to most analyses including that of German chancellor Angela Merkel, the continent has a long way to go on the road to recovery. The most powerful political players in Europe, Merkel and France’s Emmanuel Macron, joined the interventionist side […]
The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group, signed a US$200 million syndicated Murabaha financing agreement with the African Export-Import Bank (Afreximbank), a multilateral financial institution established by African governments and institutional investors. The facility seeks to help African countries address some of the economic impacts of the […]
Please find our monthly update with the most important news posts of June. Our upcoming webcast on Tuesday 7. July at 3:00 pm CET will take you for a tour in the world of Funding Platforms. Our second Community Convention will take place in Vienna 5-6 October with the kind support of Raiffeisen Factor Bank. […]
The 2020 FCI Annual Review has been published online today. Usually published and distributed to the membership during the FCI Annual Meeting, the 52nd Annual Meeting that was to be held 21-25 June 2020 has been postponed until next year. Hence, FCI will mail the Annual Review to all of its 400 members. The FCI […]
Although the second quarter of 2020 is shaping up to be the most challenging period of the year, there are now good reasons to think that the road to recovery will be long and arduous. Despite immediate tax deferrals, liquidity guarantees, it is likely that many firms will find themselves in difficulty. According to Coface […]
