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P2P lender Folk2Folk gains full FCA authorisation
A UK-based peer-to-peer (P2P) lending platform, Folk2Folk, has received full authorisation from Financial Conduct Authority (FCA). Folk2Folk says it is the largest P2P lending platform to be authorised...
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Digital challenger bank N26 goes pan-European
N26 goes pan-European Germany-based mobile bank N26 is taking its business fully across 17 European countries, including Spain, Italy, Greece, Ireland and Slovakia. Until now, some of these locations...
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Private & Commercial Finance Group receives banking licence
Specialist lender PCFG receives banking licence Private & Commercial Finance Group (PCFG) has received its banking licence from the UK regulators, Prudential Regulatory Authority (PRA) and...
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IBM launches blockchain ecosystem on Hyperledger Fabric
IBM unveils blockchain ecosystem IBM has unveiled a blockchain ecosystem “to help accelerate the creation of blockchain networks”. “The future growth and adoption of blockchain is reliant upon building...
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NCDEX live with new trading and surveillance software, NextGen
Technology is “the beating heart” of NCDEX India-based National Commodity and Derivatives Exchange (NCDEX) has launched NextGen – a new trading and surveillance system developed by MillenniumIT (a...
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London Mutual Credit Union live with new core banking and debit card systems
Image source: London Mutual Credit Union India-based core banking tech provider TCS Financial Solutions has gained its fourth live site among the UK credit unions for its Bancs core banking system....
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Coventry Building Society in technology overhaul, looks for new core banking...
UK-based Coventry Building Society is believed to have embarked on a tech modernisation project and is looking for a new core system. A spokesperson for Coventry Building Society told Banking...
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Fintech funding round-up: 8 December 2016
Here comes the money wave! Fintech funding stories can be fun if they are brief. MoneyLion, a mobile personal finance platform (PFM), has raised $22.5 million in Series A funding led by Edison...
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Banque de France to modernise payments tech with Sopra Banking Software
Banque de France in major tech overhaul Banque de France’s banking services department has embarked on a major technology overhaul programme. It will work with a domestic software provider on this...
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BNY Mellon suffers payments glitch
BNY Mellon suffers payments glitch BNY Mellon experienced problems with processing clients’ payments instructions – it blamed the issue on its connection to Swift. The problems were subsequently...
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Mobile banking tech start-up Bankjoy signs two credit unions
Tim Beeson, Georgia Heritage FCU: “We’re in a college town [Savannah, Georgia] and need to target millennials.”Fintech start-up Bankjoy has secured two clients for its online and mobile banking...
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AnaCap to acquire Barclays’ French retail banking & wealth management ops,...
AnaCap has big plans for France AnaCap Financial Partners, a UK-based private equity firm, is set to acquire Barclays’ French retail banking business, life insurance business, wealth and investment...
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Fintech funding round-up: 12 December 2016
With so much fintech funding activity going on, we’ve summarised the latest fundraising efforts of start-ups. Denmark-based digital banking service Lunar Way raised €4.2 million in funding from SEED...
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Swedish Export Credit implements Wolters Kluwer’s OneSumX for IFRS9 reporting
Swedish Export Credit Corporation (SEK) is implementing Wolters Kluwer’s OneSumX regulatory reporting software for International Financial Reporting Standards (IFRS) 9 reporting. State-run SEK is...
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Cater Allen Private Bank “continues to work constructively” with Temenos
Cater Allen Private Bank suspends tech plans Cater Allen, a London-based private bank and a subsidiary of Santander, has completed “the discovery phase” of the project with Temenos to overhaul its core...
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Fiserv acquires cash management software vendor Online Banking Solutions
Fiserv acquires Online Banking Solutions Online Banking Solutions (OBS), an Atlanta-based provider of cash management software, is being taken over by banking tech giant Fiserv. Fiserv says the...
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Wyelands Bank in ownership, brand and core banking software overhaul
New bank to boost UK manufacturing Wyelands Bank (formerly Tungsten Bank) is relaunching in 2017 with a new core banking system, Banking Technology understands. It is understood that the new system of...
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Metro Bank moves IT infrastructure to Rackspace cloud
Metro Bank on cloud nine UK-based challenger bank Metro Bank has moved its IT infrastructure to a Rackspace managed cloud solution. Rackspace says this has reduced the bank’s close-of-business...
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Orabank live with new core banking system, Sopra Banking Amplitude, in 12...
Orabank completes major tech overhaul Orabank, a retail, SME and corporate banking group based out of Togo, has completed the implementation the Sopra Banking Amplitude core system, supplied by Sopra...
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Fintech funding round-up: 13 December 2016
Good ideas can bring good money Who is investing in what? Our latest fintech funding round-up, mercifully brief as usual. ApplePie Capital, a start-up lender in the US solely dedicated to the...
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