Zimbabwe’s Success Microfinance Bank Limited Bank has selected the Software-as-a-Service (SaaS) cloud banking platform FinOS to power its core.

Based in Harare and formerly known as COLLARHEDGE FINANCE, Success operates as a deposit-taking microfinance institution (DTMFI), and provides account, treasury, loan, digital banking and money transfer services to predominantly micro, small and medium enterprises (MSMEs) in Zimbabwe.

#success #microfinance #bank #FinOS #fintech #fintechnews #Africa #Zimbabwe #treasury #loan #digitalbanking

Temenos Promotes Proven Leaders to Accelerate Company’s Growth

William Moroney is promoted to President International and joins the Temenos Executive Committee. Philip Barnett President Americas also joins the Executive Committee.

#temenos #leadership #promotion #mbanq #digitalbanking #fintech #fintechnews

FinTech Wales, the independent members association and champion of the Fintech and Financial Services industry in Wales, has welcomed Starling Bank as the latest organisation to become a Partner to empower Wales as a globally recognised hub of fintech excellence.

#uk #fintech #wales #fintechwales #starling #starlingbank #fintechnews

Revolut is beefing up its lobbying team in its marathon effort to obtain a British banking licence.

The financial technology firm is seeking a UK Government affairs manager for its team in London, where it has failed to convince regulators it merits a licence as a full-scale lender.

#Revolut #London #UK #banking #license #banking #digitalbanking #fintech #fintechnews

Starling Bank has created a new brand platform, with a new positioning, strategy and ad creative developed to mark the beginning of an ambitious year of growth for the bank.

#starling #starlingbank #fintech #fintechnews #banking #bankingplatform #mbanq

The founder and CEO of UK banking tech startup 10x Banking says he has never lost his short a.

This is not a tech reference but refers to Antony Jenkins’ northern accent, so he pronounces “bath” as “baff” and “path” as “paff”.

#10xbanking #banking #digitalbanking #fintech #fintechnews #ceo #growth #mbanq

South Korea’s banking liberalisation push shows limited success

The government is pushing to boost competitiveness, but months later, progress remains limited.

#southkorea #banking #liberalisation #digitalbanking #neobank #fintech #fintechnews

Leading Indian payments firm Paytm has lost US$1.2bn (or 20%) of its market value after the Reserve Bank of India (RBI) ordered its payment bank to halt operations, ceasing all activity on its app from March.

The action of the RBI is set to markedly hit Paytm’s core business, damaging its credibility as a payments provider at the very least.

#paytm #unicorn #loss #payments #India #Asia #fintech #fintechnews

PayU, an Indian payment services vendor, has successfully migrated its credit solution LazyPay to Thought Machine’s core banking tech.

UK-based Thought Machine says PayU was able to move its current LazyPay clients to the vendor’s cloud-native Vault Core platform in just 12 months.

#PayU #ThoughtMachine #LazyPay #Vault #digitalbanking #corebanking #mbanq #fintech #fintechnews

Ohpen has entered into a strategic international collaboration with Cognizant, aiming to revolutionise the mortgage originations sector worldwide.

This partnership is set to leverage Cognizant’s extensive Business Process Outsourcing (BPO) expertise and local system integration capabilities alongside Ohpen’s leading Software as a Service (SaaS) technology platform for mortgages.

#Ohpen #Cognizant #partnership #saas #lending #integration #mortgage #fintech #fintechnews

Eric Mouilleron has announced he is stepping down as CEO of Banking-as-a-Service (BaaS) provider Bankable after 13 years in the role.

Announcing his decision on LinkedIn, Mouilleron says that it is with a “bittersweet mix of emotions” that “the time has come for me to pass the CEO torch and embark on a new chapter of my journey”.

#bankable #ceo #board #stepdown #baas #digitalbanking #banking #startup #fintech #fintechnews

Forbes "The FinTech 50" List

#startups #fintech #50 #list #fintechnews

Chime Plaid GoodLeap Candex Addepar Atomic Alloy Arta Finance Carry1st iCapital

Temenos AG, the banking software company, today announces the Board of Temenos has formed a Special Committee led by the Non-Executive Chairman, Thibault de Tersant.

To assist in the examination, the Board has retained the services of Alvarez & Marsal, a leading global professional services firm, with expertise in forensic accounting and investigations, Schellenberg Wittmer as Swiss counsel and Sullivan & Cromwell LLP as US counsel.

#Temenos #examination #special #committee #switzerland #counseling #fintech #fintechnews

Klarna Bank AB, the Swedish fintech that was once Europe’s most valuable startup, is moving forward with plans for a potential US listing that could be one of the largest listings this year, according to people familiar with the matter.

#Klarna #IPO #US #fintech #fintechnews

Rakuten Group plans to integrate its fintech businesses into one group, it said on Monday, aiming to strengthen collaboration and customer acquisition across areas from online banking and credit cards to securities and insurance.

#Rakuten #banking #fintech #business #fintechnews

Oman Housing Bank | بنك الإسكان العُماني (OHB) has tapped Swiss vendor Temenos to modernise its core banking platform.

The Omani bank is replacing its legacy system with Temenos’ cloud-native platform as it looks to launch new card and deposit products.

The vendor has tasked its partner, Systems Ltd, with implementing the microservices-enabled solution via the Oman Country Model Bank.

#fintech #temenos #oman #corebanking #platform #vendor #fintechnews

N26, a leader in the digital banking sector, has officially launched its Stocks and ETFs trading product for its German customer base. Known for its innovative approach to banking, N26 is headquartered in Berlin and boasts a strong international presence, catering to over 8 million customers across 24 markets.

#n26 #etf #stocks #product #neobank #digitalbanking #fintech #fintechnews

The UK-headquartered fintech giant Revolut has continued its expansion efforts as it recently received a banking licence in Mexico, Reuters reported. The approval from Comisión Nacional Bancaria y de Valores will now allow the company to establish itself as a bank in Latin America.

#Revolut #Mexico #banking #license #LatAm #fintech #fintechnews

In a recent transaction, Pierre Naude, CEO of nCino, Inc., a leader in cloud banking, sold 10,924 shares of the company's common stock. The sale was executed at an average price of $34.413 per share, resulting in a total value of approximately $375,927.

#nCino #shares #stock #value #sale #stocks #ceo #fintech #fintechnews

Temenos AG, the banking software company, today announces the completion of the independent examination into the allegations made by Hindenburg Research on February 15, 2024. The examination was conducted by a Special Committee formed by Temenos’ Board of Directors (the ‘Board’) led by the Non-Executive Chairman, Thibault de Tersant. The Special Committee was assisted by Schellenberg Wittmer Ltd, Sullivan & Cromwell LLP, and forensic accountants from Alvarez & Marsal Switzerland LLC (the ‘Independent Examiners’).

#temenos #hindenburgresearch #hindenburg #allegations #independent #examination #fintech #fintechnews #mbanq