Tietoevry’s Post

PR Newswire’s recent article highlights our commitment to raising the standards for fixed-term deposits, stating that Saldo Bank “will lift the interest rate competition to a new level in Sweden.” Furthermore, the article emphasizes CEO Jarkko Maensivu's belief in the importance of increasing fairness in borrowing and ensuring that interest rates reflect market standards. Dive into the article below! 👇 https://lnkd.in/e5puCMwG #banking #bankingnews #fintech #fintechnews

New Challenger Bank SilverRock Bank Obtains Banking License  Alan Jarman, CEO of SilverRock, commented: “This is the first time that a bank has been established in the UK to focus support on non-bank and other lenders. This is already a £250 billion market which has the potential for significant expansion as the sector responds to new and emerging customer needs. “Our focus is on ensuring the borrowing needs of SMEs and consumers in non-standard credit markets can be met. That approach will in turn support and facilitate innovation amongst lenders, enabling them to better respond to the challenges and opportunities in the UK market.” https://lnkd.in/eB_F_isu Veronika Lovett #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

In this article, the authors Ananda Padmanaban Suresh & Arvind S Monipally explore the complexities and challenges within the BNPL sector, emphasizing the need for RBI intervention. It delves into FLDG regulations, their impact on the sector, and the RBI’s recent guidelines. The authors also discuss the RBI’s working group suggestions aimed at addressing issues related to digital lending apps while also providing their own recommendations for striking a balance between regulation and innovation to ensure financial inclusivity. Furthermore, the article also highlights the importance of protecting the underbanked while promoting responsible lending. #BNPL #Fintech #FLDGregulations #FinancialInclusivity #digitallending

Standard Bank Group Bank Facilitates ZAR200m Growth Facility for Float’s Instalment Platform Expansion Standard Bank has announced its provision of a growth facility to Float Technologies Proprietary Limited (Float). As the mandated lead arranger and sole funder, Standard Bank has provided a ZAR200m facility to Float, which will be used to facilitate the rollout of its card-linked instalment platform, supporting its accelerated growth plans over the next four years. "The partnership with Standard Bank will support in bolstering our market position, enabling us to deliver even greater value to our customers. As we navigate through this exciting phase of accelerated growth, our focus remains on maintaining financial discipline and driving sustainable profitability." - Paul Ian Masson CA(SA), CFO, Float "We believe that credit cards are still the most powerful cashflow tool available to consumers. Our solution is designed to grow volumes for card issuers and, at the same time, to help consumers use their credit cards in the most responsible way possible. For merchants, this means instantly tapping into a high-value audience – growing conversions and average order values by 134%." - Alex Forsyth-Thompson, CFA, CFP®, Founder and CEO, Float #techafricanews #africa #fintech #buynowpaylater #market #position #platform #expansion #growth #facillity

Jifiti Introduces Tap Now, Pay Later™, Enabling Banks to Easily Deploy Their Loans Through All of the Leading Digital Wallets at Any Point of Sale “To be truly customer-centric, banks and lenders need to make their point-of-sale financing a seamless part of the customer’s payment journey. Today’s payment method of choice is digital wallets. With Tap Now, Pay Later™, customers gain the best of both worlds – all the benefits of bank financing combined with the easy ‘tap-to-pay’ experience they’ve come to expect. This serves our mission at Jifiti, which is to provide access to affordable and responsible financial solutions when and where it matters most,” stated Yaacov Martin, CEO of The Jifiti Group. https://lnkd.in/e9xhxKT4 #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

Announcing a successful Q1 for EMBank! 🚀 We are thrilled to announce that European Merchant Bank (EMBank) has kicked off the year with remarkable growth in the first quarter of 2024! Here's a snapshot of our performance: 📈 Net Profit: Nearly tripled to EUR 400,000. 💰Net Income: Up 28% to EUR 2.6 million. 📊Net Interest Income: Surpassed EUR 1 million with a 60% increase. 🏦Deposits: Grew by 33% to EUR 124 million. 💼Business Loans: Expanded by 40% to EUR 36.5 million. Our commitment to supporting SMEs and blending advanced tech with a human touch drives our success. https://lnkd.in/dz78-yS2 #embank #europeanmerchantbank #financials #bank #lithuania

Jifiti Introduces Tap Now, Pay Later™, Enabling Banks to Easily Deploy Their Loans Through All of the Leading Digital Wallets at Any Point of Sale Read more: https://lnkd.in/d6WKGkbZ #Jifiti #TapNowPayLater #DigitalWallets #PointOfSale #Finance #Fintech #FinancialIT

ClearBank, the enabler of real-time clearing and embedded banking for financial institutions, today announces a new report on the Electronic Money Institution (EMI) market in the UK and Europe. The independent report, commissioned by ClearBank and produced by leading analyst house Celent, finds that EMIs now hold deposits of €35 billion across Europe—an increase of 84% from 2019—but often struggle to find a banking partner that meets their needs. Read more: https://lnkd.in/dbHfN7Nq #banking #report #fintech #finance #FinancialIT

According to the World Bank, the United States leads global remittances, sending funds to countries like India ($15.8B), Mexico ($52.6B), and the Philippines ($12.8B) annually. Exciting collaboration between Ria and PLS is set to revolutionize money transfers, delivering safe, convenient, and economical experiences. Ria Money Transfer, a division of Euronet (NASDAQ: EEFT), specializes in fast, secure, and affordable global money transfers. With the world’s largest cross-border real-time money movement network, Ria offers a range of options including real-time payments, mobile wallets, currency exchange, home delivery, and cardless ATM payouts. Leverage Euronet's 30 years of expertise to de-risk your payments modernization. Euronet, headquartered in Leawood, KS, has been a key player since 1994, evolving into a global real-time digital and cash payments network with millions of touchpoints worldwide. Explore a comprehensive suite of services from money transfers to credit/debit processing, ATMs, and account-based payments to meet diverse financial needs globally. #GlobalPayments #Payments #MoneyTransfer #Ria #RTP #ATM

Philippines based UNO Digital Bank raises $32 million to boost expansion. #UNO Digital Bank has successfully raised US$32.1 million in its latest pre-Series B funding round. This infusion of both equity and debt funding is set to bolster the bank's operations within the region, focusing primarily on technological advancements. The investment led by Gateway Partners, with co-founder Anand Kumar at the helm, is poised to transform the digital financial landscape and promote financial inclusion across the Philippines. This strategic move aligns perfectly with Gateway Partners' mission to foster growth in emerging markets through cutting-edge solutions. Omar Mahmoud, Managing Director at Creador Private Equity, one of the company involved in the round, underscored the investment's objective of granting the underbanked population access to formal financial services via a digital platform. This initiative marks a pivotal step in addressing financial service accessibility challenges in the region. UNO Digital Bank's CEO, Manish Bhai, highlighted the bank's remarkable journey since its commercial launch just fifteen months ago. Achieving a customer base of a million, alongside amassing US$100 million in deposits primarily in transaction, savings, and time deposit accounts, underscores the bank's swift expansion and market acceptance. Chairman Kalidas Ghose emphasized the bank's commitment to catering to a wide array of customer needs through its diverse product offerings. UNO Digital Bank prides itself on its comprehensive suite of essential banking products, including transaction, savings, loans, investments, and insurance services. Furthermore, the bank's recent introduction of personal loan products is specifically designed to bridge the formal credit gap for various segments, including salaried individuals, professionals, and MSMEs. The target for UNO is to become the lead digital banking and financial platform in the Philippine, allowing customers to get more value from financial services. The article on FintechNews in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://t.ly/s541W   - Substack: https://lnkd.in/dzfGJzmW