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TBC Bank Uzbekistan (TBC UZ), the country’s largest digital bank, announces today it has secured $20 million in debt financing from a fund managed by Switzerland-based impact investor BlueOrchard Finance Ltd (BlueOrchard). The new agreement takes the total funding for TBC UZ through a BlueOrchard managed fund to $45million, further extending the impact investor managed…
PremFina, the UK’s fastest growing and most trusted* premium finance provider, today announces a landmark new partnership with Ardonagh Advisory, one of the UK’s largest insurance broking businesses. The partnership marks a significant step forward in delivering enhanced premium finance solutions to brokers and their clients nationwide. Ardonagh Advisory is part of The Ardonagh…
After two years since its enactment, the Digital Operational Resilience Act (DORA) has come into force across the European Union (EU), promising to be a landmark in regulatory efforts to bolster the operational resilience of IT systems within the financial sector. While it may appear to be a complex and highly technical piece of legislation, a deeper…
A new whitepaper by global payments processor and technology provider, RS2, has revealed that a staggering 70% of banks’ IT budgets are consumed by maintaining outdated legacy systems. The paper entitled How to Solve Banks’ Legacy System Challenges While Controlling Risk suggests that this unnecessary expense is hindering innovation and digital transformation and presents a groundbreaking AI-enabled solution that allows…
moneyappi, an innovative WellTech platform, has launched to transform financial wellbeing in the workplace. Harnessing cutting-edge AI, behavioural science, and gamification, moneyappi empowers employees to take control of their financial futures through a personalised, data-driven approach that helps organisations improve employee wellbeing and engagement. The financial wellbeing market has grown significantly in recent years, with…
Ayan Capital, a fast-growing provider of halal vehicle financing, has secured £25 million in Shariah-compliant financing from institutional debt provider Partners for Growth (PFG), a global private credit firm with a strong 20-year track record of backing high-growth technology and fintech companies in more than 20 countries. This investment reflects the rising demand for Islamic…
PXP, the omnichannel global payment platform and innovative industry disruptor, today announces a new strategic partnership with PayXpert Ltd. a pioneer in omnichannel payments serving local and international brands both online and in-store. The collaboration will enable UK merchants to accept QR-based payments, including Alipay+ and WeChat Pay, enhancing accessibility for international customers, particularly from China. Simon…
TransUnion (NYSE:TRU) today announced the completion of the acquisition of Monevo from Quint Group Limited. The news follows January’s announcement that TransUnion had signed a definitive agreement to acquire U.K.-based Monevo, a credit prequalification and distribution platform that empowers lenders and banks to deliver highly personalised credit offers to consumers via comparison websites and other third parties. TransUnion had previously…
In a fast-moving financial landscape where failed transactions are more than just a minor disruption—they are a potential revenue killer— Brady Harris, CEO, IXOPAY offers a compelling view on the next evolution of payments. From AI-powered orchestration to optimising transaction success rates, Brady reveals how smart payment infrastructure is redefining the customer experience for global…
Yuno, the world’s leading payment orchestration platform, announces the launch of Ethoca Alerts, a new feature that enables merchants to proactively resolve transaction disputes before they escalate into chargebacks. This latest tool further strengthens Yuno’s end-to-end payment solution by helping merchants to take back control, save on costs and improve efficiency. With Ethoca Alerts, merchants…
Jack Henry announced that Border Bank selected Jack Henry to upgrade its technology infrastructure. The decision was made to prepare the bank for growth and future needs, including improved customer experience and operational efficiencies. Border Bank was founded in 1935 to meet agricultural needs along Minnesota’s Canadian border and has grown to serve a wide range of industries in North Dakota and metro Minneapolis, including…
Finastra, a global provider of financial software applications, announced its leading cloud-based loan document preparation system, LaserPro, is now offering enhanced features and is seeing widespread adoption by community-based financial institutions. Since its launch, LaserPro has implemented valuable enhancements to its cloud version, including the following: Boosted by these enhancements, Finastra clients across the US are…
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