Exclusive: Monese drops Thought Machine’s core banking solution Vault in favour of homegrown XYB platform
Monese’s Santosh Radhakrishnan and Bhavik Sanghvi discuss the reasons behind the switch with FinTech Futures.
Monese’s Santosh Radhakrishnan and Bhavik Sanghvi discuss the reasons behind the switch with FinTech Futures.
The round was led by Bain Capital Ventures, with participation from existing backers, angel investors and customers.
Liberum will utilise the tech to improve the management and personalisation of its custody and execution operations.
Coop says its “super-app” will provide banking services, payments and pension solutions to its customers.
Brookfield says Kalifa’s appointment allows it to “increase our footprint” in the payments arena.
The PRA directed the bank last year to instate a CoP system by 31 October 2023.
In his new role, Fry will be tasked with developing the bank’s position within the digital assets market.
The partnership comes as Figopara gears up for a “significant” international expansion push.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The deployment forms part of the bank’s core banking replacement project ‘Cosmos’.
The round was led by Ten Coves Capital and brings Procurify’s total equity funding to more than $70m to date.
The bank intends to migrate at least half of its business operations to the cloud by 2024.
The bank first began working with Temenos six years ago, when it adopted its T24 core banking system.
The in-store tablets are backed by Fujitsu’s customer engagement solution Chordship.
As part of the strategic partnership, SBI Group has also made a $15 million investment in Alpaca.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
We chat with Infosys Finacle CEO Sanat Rao about the need for banks to continuously evolve to remain competitive.
The bank wants to “make it easy for Arizona businesses to get the capital they require for growth”.
Alba Bank says the migration will enable it to build products at speed to meet evolving market demands.
nCino says that Honor Bank was able to implement its solution and go live in “just six months”.
Upvest has also partnered BlackRock in a bid to make investing “more accessible” for investors across Europe.
Mbanq says it will support the launch of four new digital banking services in the US by the end of the year.
In a statement, Synapse says it has “a strong group in place” to manage its operations and customers.
Bendras finansavimas, the operator of Savy, is expected to utilise all of Amlyze’s core modules.
Mart initially joined the fintech in August 2020, just before it landed its unicorn status.
Our weekly fintech round-up for you to get the latest funding news from around the world.
For banks, core replacement is not the only game in town, with core modernisation being a far less risky option.
At Sibos 2023, we sat down with Joon Kim of BNY Mellon to discuss the key areas of development in embedded finance.
With the Care Card, patients can access PayZen’s post-service payment plans through a physical and virtual debit card.
PayPal Ventures, CRE Venture Capital and The Raba Partnership also participated.
The move is not expected to result in job losses.
Expel’s managed detection and response (MDR) solution claims to reduce alert-to-response times “to minutes”.
The latest fundraise comes months after AlphaSense secured $100m in Series D funding led by Alphabet’s CapitalG.
Our weekly fintech round-up for you to get the latest funding news from around the world.
A handy round-up of the recent funding endeavours of fintech companies in the UK.
The partnership intends to accelerate the pace of digital banking transformation throughout the Levant region.
Marco Tedone, the firm’s new CTO, spent almost 12 years leading API strategy for HSBC.
With the new funding, Traydstream plans to double down on its growth and enhance its AI-led platform.