NS&I to Replace Legacy Core Banking with SBS’s Cloud Platform

In Extending Its Relationship with IT Service Provider Atos, The UK Savings Bank Will Transition All of Its Banking and Payments Services to SBP Digital Core NS&I (National Savings and Investments), the U.K.’s government-owned savings bank, and global financial technology company SBS today announced their work together to digitise NS&I’s core banking and payments services. The initiative is part of NS&I’s Transformation Programme and its contract with Atos, a European digital transformation company, to modernise its banking engine. SBS’s...

First Commonwealth Expands Loan Access with Upstart Partnership

First Commonwealth Federal Credit Union has partnered with Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, to expand access to personal loans and better serve its growing membership across Pennsylvania and New Jersey. “At First Commonwealth, we’re committed to financial empowerment for all,” said Terry Grier, Chief Lending Officer at First Commonwealth Federal Credit Union. “By partnering with Upstart, we can leverage AI-powered credit decisioning to lend more inclusively—helping more low- and moderate-income...

myTU Raises €10M in Oversubscribed Series A to Accelerate Growth

Digital banking platform myTU secures €10M in Series A funding, exceeding its original €9M target Investment led by existing shareholders increasing their stakes, alongside new strategic investors in payments and mobility Funds will support expansion into acquiring, lending, and preparations for a full banking license in Lithuania myTU expects to reach profitability in 2025 myTU, an AI-powered and cloud-first digital bank, has secured a €10 million Series A, surpassing its initial €9 million target in...

Wells Fargo Expands Its Commercial Banking Transformation with Q2

Q2 Holdings, Inc. (NYSE: QTWO), a leading provider of digital transformation solutions for financial services, today announced that Wells Fargo (NYSE: WFC) has launched a commercial banking platform designed to improve bankers’ ability to serve commercial clients, and increase collaboration and efficiency. “Wells Fargo is committed to delivering superior value to our commercial banking clients,” said Mary Katherine Dubose, EVP and Head of Commercial Banking Specialized Industries, Wells Fargo. “We are excited to partner with...

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