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Temenos (SIX: TEMN), a global leader in banking technology, today shared insights from a worldwide survey conducted by Hanover Research, which gathered perspectives from 420 business and technology leaders in financial services on the transformative impact of Generative AI (GenAI) in banking. Improving operating efficiency is the most common reason banks are considering using GenAI….
SmartStream announces that it has partnered with Finastra, another global provider of financial services software applications, to extend collateral management workflows across Treasury and Capital Markets, with special focus on MEA and APAC regions. This collaboration offers a robust and cost-effective path for financial institutions to navigate workflows and regulations with SmartStream’s comprehensive collateral management…
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…
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and technology provider, RS2, has revealed that a staggering 70% of banks’ IT budgets are consumed by maintaining outdated legacy systems.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…
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…
Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology, announced that Republic Bank & Trust Company (Republic Bank) has chosen the Fiserv award-winning DNA® platform to enhance the company’s banking system capabilities and drive operational efficiencies to realize their digital transformation goals. With over $6 billion in assets and 47 banking centers, Republic…
London-based open banking payments provider Atoa announces a new integration with global small business platform Xero, which offers fast, fair and secure invoice payments for UK small businesses. This new integration will enable customers to attach Atoa as the payments provider and add a “Pay with Bank App” button on Xero invoices for their customers to pay directly…
Fingular, a Singapore-based global neobank, renowned for its disruptive role in accelerating financial inclusion and fintech innovation, today announced the first results of the comprehensive Generative AI powered transformation to support its explosive growth trajectory. Among first in Asia-Pacific, Fingular has completed an omni-channel automation of the entire cycle of customer communication based on Agentic…
Ualá, the Latin American neobank, expanded its Series E investment round by securing an additional $66 million to the original series, reaching a total raised of $366 million. The initial closing of the round, led by Allianz X , took place in November 2024. The second closing included the participation of TelevisaUnivision, the leading Spanish-language media company…
TBC Bank Group, which operates leading financial services and digital banking ecosystems in Georgia and Uzbekistan and is listed on the London Stock Exchange, announces that the International Institute for Management Development (IMD), a renowned international business school, has published a case study of how TBC evolved to become a regional financial services powerhouse. The…
TBC Bank Uzbekistan (TBC UZ), the country’s largest digital bank, announces the successful placement of its second bond issue, raising $10 million equivalent through a two-year bond denominated in Uzbek soums. The bonds are set to be listed on the Republican Stock Exchange Toshkent (UZSE). This milestone further underscores the impressive growth momentum of TBC…
TBC Bank Uzbekistan (TBC UZ), the country’s largest mobile-only bank, announces today it has secured a $10 million loan from the European Bank of Reconstruction and Development (EBRD). The funds will be used to further expand TBC UZ’s lending efforts with at least 40 percent of the loan earmarked for lending to women, contributing to…
