Arab Tunisian Bank (ATB), a mid-sized universal bank serving retail, SME and corporate customers, has gone live with Temenos’ core banking system. ATB is part of Arab Bank Group (one of the largest financial institutions in the Middle East) and has a staff of 1,300 and 134 branches across Tunisia. ATB in front-to-back office tech … Read more
Public engagement with money management apps has soared by 46 per cent year on year as consumers seek to beat the cost of living crisis. An analysis of the performance of money management apps over the past two years by app marketing and analytics platform App Radar has revealed that the sector has gained over … Read more
Royal Bank of Canada has partnered with open banking fintech Plaid to allow RBC’s 17 million customers to share their financial data through a direct Application Programming Interface (API) with the services on Plaid’s data network. RBC connects with Plaid through API to offer fintech services to customers The data access agreement will remove the … Read more
London-based digital home finance fintech StrideUp has completed a funding deal for up to £280 million to offer a new mortgage plan for first-time buyers in the UK. StrideUp offers new mortgage plan StrideUp has also entered a strategic partnership with ARA Venn, a real-estate debt investment manager, for the new shared ownership mortgage product. … Read more
US-based payment and accounting platform Autobooks has raised $50 million in a Series C round led by Macquarie Capital Principal Finance. Autobooks raises $50m Series C Also participating were new and existing investors including Baird Capital, Commerce Ventures, Draper Triangle, Mission OG and TD Bank. Larry Handen, senior managing director at Macquarie Capital, will also … Read more
Each month, fintech analyst Philip Benton explores a new topic and assesses the “state of play”, providing an in-depth analysis and understanding of the market landscape. Recapping key themes and trends at Money 20/20 Europe This month is a little different we provide a fintech industry “state of play” as we recap key themes and … Read more
The first year of the COVID-19 pandemic was not kind to small business owners, freelancers, and other self-employed individuals. According to a report from the US Small Business Administration Office of Advocacy, the number of people who were self-employed and working fell 20% between April 2019 and April 2020. However, as 2021 rolled along, small … Read more
In April, the FCA took action against a fintech firm and demonstrated its capability and willingness to exercise its asset recovery powers. Account freezing orders are a tool used for asset recovery A fintech start-up consented to forfeit £2 million held in its name to the, following claims the money was the proceeds of “illegal … Read more
As recently as 2020, the Center for Social Justice estimated that there were 100,000 or more modern slaves in the UK. And estimates suggest that globally indentured labor generates between $50-150bn. Criminal gangs use various sophisticated psychological, financial, and physical techniques to maintain control over their workforce. Often targeting vulnerable people who have nowhere to … Read more
Everyone in the tech space is aware of cloud services’ role in fostering innovation and adoption of technology-based solutions, and the benefits they offer to the businesses embracing it. Under market demand or internal push, there’s now an urgency, especially for ISVs, to adopt cloud services. Because it’s not just a matter of competitive advantage … Read more