Banking - FinTecBuzz

Akulaku Announces Record 2021 Performance

April 27, 20225 min

User Adoption Continues to Accelerate and Revenue Growth Exceeds Expectations Akulaku (“Akulaku” or “the Company”), a leading digital banking and finance platform, today reported accelerated revenue growth during 2021, as it continues to provide financial services to consumers throughout Southeast Asia. Akulaku’s total revenue grew by 122% to US$598 million and total GMV increased by 136% to US$5.8 billion. The total users grew by 242% to 26 million users, and monthly active users increased 108% to 4.8 million in...

by PRNewswire

Banking

COLUMBIA BANK announces the opening of its second FinancialHub

April 27, 20225 min

Innovative Branch Functions as a Bank, Wealth Planning and Community Space Columbia Bank, the wholly owned subsidiary of Columbia Banking System, Inc. (NASDAQ: COLB) (“Columbia“), announced the opening of its second FinancialHub, a center innovatively designed to provide a full suite of banking services including in-person wealth management. The office also functions as an inviting public space for the community. The FinancialHub, which opened in March, is located at 95 102nd Avenue, NE. It is...

by PRNewswire

Banking

Sopra Banking Software to double its headcount in India

April 27, 20227 min

During the Coffee Connect, organised by Business France at the Embassy of France in India, the CEO of Sopra Banking Software, Mr Eric Bierry, makes key announcements about ramping up their workforce. A Coffee Connect meet was organised at the Embassy of France in India in association with Business France India, in the presence of the Ambassador of France to India, H.E. Mr Emmanuel Lenain, the CEO of Sopra Banking Software, Mr Eric Bierry, and other prominent CEOs of the Industry. Sopra Banking Software (SBS), a global...

by BusinessWire

Banking

Bonifii Selects Mastercard as Preferred Open Banking Provider

April 26, 20224 min

Credit unions to access consumer-permissioned data for faster, more accurate underwriting

by PRNewswire

Banking

BUSINESSNEXT Launches Smart Relationship Manager

April 26, 20223 min

~AI-driven, hyper-personalized Smart RM delivers 3X growth in revenue ~ BUSINESSNEXT, the world’s leading responsive composable banking platform, enriched its product portfolio further by launching Smart Relationship Manager (RM) for banking and financial services. The new age Smart RM is the conjunction of hi-tech artificial intelligence (AI) and digital banking. It provides an enhanced sales and service capabilities to the RMs, enabling them to manage 10 times more customers, impacting three times more revenue while...

by PRNewswire

Banking

Suryoday Bank selects Kyndryl to drive digitization

April 26, 20224 min

Collaboration will enable Suryoday Bank to provide enhanced security, availability, and manageability for core IT and banking applications Suryoday Bank, a leading Small Finance Bank (SFB) in India with more than 565 branches and 1.8 million customers, has chosen Kyndryl (NYSE: KD), the world’s largest IT infrastructure services provider, to drive its technology transformation program, improve operational efficiency, and increase digital banking adoption among its customers as part of a five year transformation partnership. Suryoday Bank will...

by PRNewswire

Banking

Evolve Bank & Trust and Bond to Offer Banking-as-a-Service Sol

April 25, 20224 min

Together, the partnership will enable companies to add financial services with a single integration Evolve Bank & Trust and Bond Financial Technologies, Inc. are pushing the boundaries of embedded finance to bring innovation to companies that want to offer financial products to their customers. Together, Evolve and Bond enable entrepreneurs to build and launch innovative financial solutions at scale. “As a leading fintech sponsor bank, Evolve is excited by the capabilities Bond brings to our partnership,” said Hank...

by BusinessWire

Banking

BAI released new BAI Banking Outlook research

April 25, 20224 min

- Survey finds 87% of business owners also use the same financial services organization for both personal and business accounts -

by BusinessWire

Banking

World Retail Banking Report 2022

April 21, 202210 min

The World Retail Banking Report 2022 found that 95% of executives believe their current outdated legacy systems and technological capabilities are unable to fully optimize their data for customer-centric growth strategies

by BusinessWire

Banking

The Bancorp Appoints Randall Baugh as New Chief Compliance Officer

April 20, 20223 min

The Bancorp Bank, the wholly-owned banking subsidiary of The Bancorp, Inc. (NASDAQ: TBBK), is pleased to welcome Randall Baugh as its new Managing Director, Chief Compliance Officer. In this role, Baugh will be responsible for overseeing the Bank’s Compliance Management System, including the Compliance Risk Management Program within the Bank’s core consumer and commercial deposit and lending services, under the leadership of Executive Vice President and Chief Operating Officer, Greg Garry. “The Bancorp is focused on modernizing...

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