Advent International snaps up UK paytech myPOS
The deal will be completed through Advent’s new payments company, AI Circle Bidco.
The deal will be completed through Advent’s new payments company, AI Circle Bidco.
The bank says the platform will enable it to deliver “affordable term loans” directly to its SMB customers.
Erny succeeds outgoing president and CEO Jim Spradlin, who is retiring after 29 years at the credit union.
The group aims to make use of Oracle’s enterprise performance management and planning functions.
The new system will initially only be available to US-based commercial clients.
The South Carolina-based bank is to integrate Allied’s RTP solutions into its Q2 digital banking platform.
Brown is due to depart the Michigan-based online bank on 31 January 2024.
As ESG transitions towards a matter of law and compliance, a lack of focus could have very serious consequences.
The consortium consists of funds and accounts managed by KKR, Bayview Asset Management and CardWorks.
The bank wants to “make it easy for Arizona businesses to get the capital they require for growth”.
nCino says that Honor Bank was able to implement its solution and go live in “just six months”.
Nominations for the Banking Tech Awards USA 2024 are open until 9 February.
The plan succeeds the bank’s merger with PacWest Bancorp in July, combining assets valued at $36.1 billion.
The two companies will become part of the new ieDigital Group, but will, at this time, retain their separate brands in their respective markets
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Here’s our pick of five of the top news stories from the world of finance and tech this week.
The bank’s venture capital fund previously participated in Trovata’s $27 million Series B in June 2022.
The ABN Amro Ventures (AAV) fund is comprised of 15 early-stage companies and has €150m in AUM.
Existing investors Insight Partners, SignalFire, Bloomberg Beta and NextWorld Capital also participated in the round.
At Sibos 2023, we spoke with Camille Papillard of BNP Paribas about whether T+1 will be a good fit for everyone.
We chat with Albert Gashi and Timothy Hewitt of Anaconda about the firm’s partnership with Microsoft.
Take a look at the 2023 Banking Tech Awards finalists!
The department claims to have suffered $247 billion in financial losses last year due to “improper payments”.
The bank’s new service seeks to benefit its corporate clients’ inter-bank connectivity and cash management processes.
The bank says a “significant component” of the role will be to “leverage new technologies in the AI arena”.
The launch arrives in tandem with the bank’s documentary trade suite, ABC Trade.
The bank has merged its retail and commercial businesses and created a new digital consumer banking business.
A variety of compelling panels led the event’s narrative on one of this year’s most trending topics.
We’re starting to see more FIs providing data services as part of their corporate banking offering.
Panels at this year’s Sibos have discussed the benefits of T+1 settlements across all global capital markets.
The new partnership comes amid a host of Swift-led panels at Sibos focused on payment innovations.
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BMO is looking to improve high-volume payment flow management for its commercial banking clients.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The upgraded core is anticipated to attract new foreign investment to the island’s development projects.
The round was led by Fin Capital and Vertex Ventures Southeast Asia and India.
Ampla connects consumer brands with embedded banking, bill pay, growth capital and corporate card solutions.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Discover why high-value cross-border payments are such an incredible opportunity for fintech.
The US bank first bought a stake in C6 in June 2021.