UK challenger Aldermore Bank enters strategic partnership with Mambu
Aldermore joins 18 regulated UK banks and 22 non-bank lenders and EMIs which run on Mambu.
Aldermore joins 18 regulated UK banks and 22 non-bank lenders and EMIs which run on Mambu.
The new facility brings its total lending capacity to date to £900 million.
The deal also includes Mexican brokerage house Vifaru Casa de Bolsa, which Flink agreed to purchase in 2022.
The San Francisco-based firm has launched with $9m in equity funding and $30m in debt financing.
Apple has reportedly proposed ending its partnership with Goldman Sachs within the next 12 to 15 months.
Watch our highlights video from the FinTech Futures AI Insights event on 22 November.
HSBC executives Vinay Mendonca and Shehan Silva have been appointed as CEO and COO of the new JV, respectively.
The BaaS model will enable Egypt’s non-bank firms to integrate banking services into their product lines.
The US banking giant is aiming to boost its presence and service offerings in the UAE.
ASR first acquired the brand in July this year after buying up Aegon’s domestic operations in the Netherlands.
The industry will also make an AUD 100 million investment towards a new confirmation of payee solution.
The £925 million rescue deal also grants Spaldy Investments a 52.88% ownership stake.
A longstanding company executive, Zengel has worked with Jack Henry for the last 24 years.
Worldline had previously been operating under the FCA’s Temporary Permission Regime, which will end on 30 December.
Simone Joyce will remain as chair through 2024 and will hand over her post to another board member sometime next year.
Loans are anticipated to range from $6.6 million to $19.8 million.
The fine relates to alleged AML failings over a period between 2021 and 2022.
According to sources, over the next six to seven months, PhonePe plans to launch multiple consumer credit products.
Forsberg is expected to form and execute a strategy for Froda’s loan products and embedded finance operations.
What banking can learn from the telecoms industry that has already undergone cloud technology transformation.
The exit sets Berkshire Hathaway up for a loss of around 40% on its investment.
The ECB says residential and commercial real estate markets face “downside surprises” due to inflation.
Reuters reports that the bank’s managers are looking to increase profitability and are reviewing proposals.
The app will debut in Cameroon, Senegal, Mali, Burkina Faso and Botswana.
In this episode of the podcast, we’re joined by Olivier Berthier, CEO of Moneythor.
Based in the ADGM, UAE, Alpheya will build a wealthtech platform for the MENA region, with plans to launch in 2024.
The study surveyed 23 members of UK Finance, including banks and non-banking financial services firms.
The third such partnership between the two firms takes Atom’s total lending with Funding Circle up to £800m.
Commissioned by the UK chancellor and launched in July this year, the report has been authored by Joe Garner.
Marqeta hired Parker in September 2022 to build out its international go-to-market and operational functions.
A newly formed entity, Klarna Financial Services UK, will now provide all consumer-facing services in the country.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The pilot is part of the HKMA’s three-stage approach to CBDC development.
Trafalagar plans to launch its new platform, running on Vault Core, in Q2 2024.
Total Processing provides payment solutions to merchants in Europe, North America and MENA.
Binance has agreed to pay $4.3bn in “one of the largest corporate penalties in US history”.
The platform uses transaction data to produce carbon footprint analytics.
Blacksmith claims to have specifically tailored the platform for SEB following a year-long pilot project.
Claiming to be the Middle East’s first social payments app, Dosh Payments has been building in stealth since 2021.