The major bank has announced that it is more than doubling the number of local business bankers in branches across Australia. The Commonwealth Bank of Australia (CBA) is expanding its business banking division in a bid to support small-business customers on their road to recovery amid the coronavirus pandemic. CBA Group Executive Business Banking, Mike […]

WeLab Bank, has gone live on Temenos and its Transact core banking system. WeLab Bank is powered by cloud agnostic Temenos Transact for core banking along with Temenos Analytics and Financial Crime Mitigation. WeLab operates on both Amazon Web Services (AWS) and Google Cloud With NuoDB the solution delivers a cloud-agnostic, distributed relational database that […]

Mobilink Microfinance Bank, the operator of Pakistan’s leading mobile banking solution ‘JazzCash’, bagged the ‘The Best Microfinance Bank (Digital) of the Year 2019’ award at the 17th Annual Excellence Awards organized by the CFA Society Pakistan. The Bank won the award on the criteria of profitability, efficiency, growth, and solvency with scores calculated on the […]

Radius Bank, a US-based online bank, has selected Currencycloud, a B2B cross-border payments provider, to offer its clients the ability to send money to more than 180 countries. The partnership will allow clients to send money to over 180 countries, with Radius Bank leaning on Currencycloud’s API (Application Programming Interface) to allow outgoing payments to reach […]

Nubank, the leading Latin American digital bank, has acquired US software firm Cognitect, known for creating, Clojure and Datomic programming system. Nubank will bring on board some of the most experienced Clojure engineers which will play a fundamental role in the growth and scalability of its products and overall business. “Nubank, at its core, is a tech […]

Zopa has been awarded its full bank licence, launching at a time when consumers need financial services providers to work on their behalf more than ever.   Zopa Bank will focus on better meeting the financial needs of UK customers in sectors where they have traditionally been poorly served, while also delivering an experience that matches their […]

Banco Santander will be hiring 3,000 IT professionals worldwide this year to support its commercial, technological, and digital transformation. As part of the bank’s strategy to leverage its global scale and grow its customer base and revenues, Santander confirmed at its Investor Day in 2019 plans to invest over €20 billion in its digital transformation […]

Tonik Financial Pte Ltd (“tonik”) announced today that it closed a $21M round of Series A equity funding. The round was led by blue-chip VC investors Sequoia India and Point72 Ventures, with significant participation from previous VC investors Insignia and Credence. tonik will use the funding to launch its digital bank in the Philippines, targeting […]

“The new players will be tested now on their robustness and their ability to continue to be the innovators in the industry. It’s a challenge for them but with the silver lining of the opportunity when truly innovative digital services can now be offered”, expressed financial service industry expert from Europe, Middle East and Africa, […]