banking news - FinTecBuzz

United Fintech Acquires Cobalt

December 16, 20226 min

United Fintech, the end-to-end solution for banking technology, announces the 100 percent acquisition of Cobalt, the provider of critical risk and data services to the FX and digital asset markets. The acquisition elevates United Fintech’s position as the leading end-to-end solution connecting financial institutions with innovative fintechs to accelerate digital transformation. This is United Fintech’s fifth acquisition since launching in 2020 and has rapidly scaled its team to 150 across New York, London and Singapore. The...

by PRNewswire

Banking

M&T Bank Corporation Announces Key Leadership Changes

December 15, 20224 min

Daryl Bible to join as Chief Financial Officer Darren King and Chris Kay to assume expanded responsibilities

by GlobeNewswire

Banking

Industry-Leading Banks Make New Strategic Investment in Acin

December 15, 20227 min

Acin, the global operational risk control data network, today announced it has closed $24 million in Series B funding from a strategic consortium of industry-leading banks, comprised of JP Morgan, Citi, BNP Paribas, Barclays, and Lloyds Banking Group. The funding round was also supported by existing investors Notion Capital, Talis Capital and Fitch Ventures, the equity investment arm of Fitch Group. This funding will enable further strategic product development in partnership with investing banks and...

by PRNewswire

Banking

Largest Bank in the CEE Region to Become Even More Digital

December 14, 20225 min

PKO Bank Polski, the largest bank in Central and Eastern Europe and the European leader of digital banking according to the international Finnoscore ranking, has announced its new strategy. In the 2025 perspective, it wishes to engage - to an even greater degree - modern technological solutions to create even better products and services for its clients.

by GlobeNewswire

Banking

Sequoir Integrates With Jack Henry’s Digital Banking Platform

December 13, 20224 min

We will deliver a seamless experience to buy, sell and hold digital assets

by PRNewswire

Banking

Klarpay AG builds Cloud-Based Infrastructure to automate services

December 8, 20223 min

Klarpay AG has successfully automated its product development and resource-scaling to maximise staff productivity and minimise costs by automating as many routine tasks as possible with the use of Amazon Web Services (AWS).

by PRNewswire

Banking

Pacific Western Bank launches redesigned website

December 7, 20222 min

Pacific Western Bank has officially launched its redesigned website, pacwest.com. The new site features a contemporary design, improved functionality and enhanced banking content, with a comprehensive focus on the bank’s commitment to delivering unmatched customer service, creative lending solutions and exceptional financial products. The site highlights the organization’s commitment to environmental, social and governance practices to drive the business forward. “We are proud to debut our redesigned, relationship driven website to our customers, clients, partners,...

by BusinessWire

Banking

Sunwest Bank Secures Multiyear Partnership with CRE FinTech Blooma

December 6, 20225 min

In September, Sunwest Bank announced the renewal of its partnership with emergent FinTech, Blooma, as part of a larger digital transformation initiative. The multiyear contract represents a longstanding relationship between the two entities that began in 2021 with the adoption of Blooma to help automate and streamline the bank’s portfolio management processes for its commercial real estate arm. Sunwest, which serves the Western United States and has over $2 billion in assets, is well known...

by PRNewswire

Banking

SVB Appoints Leadership for SVB Private & Silicon Valley Bank UK

December 6, 20227 min

SVB Financial Group (SVB) today announced that Erin Platts has been appointed President of SVB Private and David Sabow has been named CEO of Silicon Valley Bank UK and Head of EMEA, pending UK regulatory approval. Both long-term SVB employees, Platts and Sabow will bring their SVB and innovation economy leadership experience to key growth areas for the company. Upon the transition to their new roles expected in Q2 2023, Platts will also join SVB’s executive committee. SVB is...

by BusinessWire

Banking

New Report: Identity fraud doubled in crypto and banking in 2022

December 5, 202210 min

All-in-one verification platform, Sumsub, highlights seven key fraud trends of 2022 and shares predictions for 2023 in its annual identity fraud study

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