Uk fintech Triver raises £20 million to boost funding for small businesses
The £20m debt facility with Luxembourg-based Avellinia Capital means Triver can offer over £200m of funding annually using Open Banking data and AI-led technology.
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Tag: digital banking
Swan expands embedded finance platform into the Netherlands
Embedded finance firm, Swan has opened its first office in the Netherlands, and introduced localised Dutch accounts, as part of its continued European expansion.
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One in five now make payments using Open Banking, says Moneyhub
Moneyhub’s research comes following figures showing that Open Banking payments hit a milestone earlier this year, reaching 11.78 million transactions in September.
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Banking on Chat: How AI makes ‘cents’ for finance companies
Conversational AI has quickly become a game changer for banks and financial institutions, enabling the complete reimagining of the digital customer experience.
Customer experience expert and head of MoData Interactive, Brendan van Staaden, is seeing this evolution first-hand and says finance companies are increasingly turning to this technology to build better relationships with their customers.
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Kuwait Finance House launches first Shari’a-compliant digital bank in Kuwait
Kuwait Finance House (KFH) has launched its first Shari’a-compliant digital bank in Kuwait, Tam Digital Bank, which it says will appeal to the youth.
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Ernst & Young: MENA H1 2023 Banking Report
The banking sector in the Middle East and North Africa (MENA) surged significantly in the first half of this year with a 30% rise in net profits and a 12.2% increase in net assets year on year.
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95% of fintech apps across Africa expose valuable secrets, says report
95% of the most popular African banking and financial services apps contain easy-to-extract secrets that could pave the way for attacks and data theft, a new report has revealed.
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QNB Group launches first local payment gateway in Qatar
QNB Group has launched a new Payment Gateway in Qatar which it says is the country’s first locally established service of this type.
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Sopra Banking Software launches AI-enabled core banking system
France-based Sopra Banking Software (SBS) has launched a fully redeveloped AI-enabled core banking system, designed to help banks scale their digital services.
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Dubai Islamic Bank enhances core banking platform with HPE GreenLake
Dubai Islamic Bank (DIB) has integrated the HPE GreenLake edge-to-cloud platform, becoming the latest bank in the Middle East to enhance its core banking system.
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QIB expands Direct Remit Service via mobile app to Egypt
Qatar Islamic Bank (QIB) has announced the expansion of its Direct Remit Service to Egypt as part of further upgrades to its money transfer service.
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Kuwait’s Gulf Bank launches ‘all-new’ version of mobile app
Kuwait’s Gulf Bank has launched an ‘all-new’ version of its mobile application including several new features, the bank has announced.
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SC Ventures launches ‘audax’ digital banking platform
SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, has launched a digital banking platform called audax Financial Technology (audax), designed to complement banks’ core systems.
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Emirates NBD rolls out enhanced mobile banking app
UAE’s Emirates NBD banking group has completed the roll-out of its enhanced mobile banking app, ENBD X which includes a newly-embedded digital wealth platform for its users.
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Emmanuel Daniel: “Banking thrives on being not seamless and that needs to change”
Author and founder of the Asian Banker, Emmanuel Daniel, tells Seamless Xtra why bankers need to get rid of outdated assumptions about what banking really is.
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Fuze raises $14 million in seed funding for digital assets infrastructure
Abu Dhabi-based Fuze has raised $14 million seed round to provide its regulated digital assets infrastructure to banks and fintechs across the Middle East and North Africa region.
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IndusInd Bank launches ‘Virtual Commercial Credit Card’ for travel industry
India’s IndusInd Bank has announced it has partnered with Visa and Juspay to launch a ‘Virtual Commercial Card’ for corporates and travel agents.
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Visa and NEOPAY team up on instalment payments in the UAE
Visa and NEOPAY, the payment subsidiary of Mashreq, have joined forces to introduce a new instalment payment solution in the UAE.
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Qarar and Biz2X launch cloud-based SME lending platform in Saudi Arabia
Data analytics and credit decisioning company Qarar and fintech Biz2X are aiming to bridge the financing gap faced by SMEs in Saudi Arabia with a new cloud-based lending platform
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Nigeria’s Wema Bank teams up with Enza to boost e-commerce services
The partnership is seen is a further step in the digital transformation journey of Wema Bank, which has been operating Nigeria’s largest digital banking system, ALAT By Wema since 2019.
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