Australia’s Westpac to build new institutional banking platform with 10x Banking’s tech
Australian bank Westpac has commenced work on a new transactional platform for institutional clients and is looking to UK-based technology provider 10x Banking to provide the core technology. The two companies have signed a Letter of Understanding, building on an existing three-year partnership which launched Westpac’s leading Banking as a Service offering. Leveraging 10x Banking’s latest contemporary and cloud-native core technology, Westpac’s institutional clients will benefit from a new market-leading digital experience with access to advanced liquidity management, cash flow forecasting and real-time payments processing. Westpac Institutional Bank Chief Executive, Anthony Miller, says the bank wants to provide clients with the best possible transactional banking experience and is investing in […]
Temasek leads $160m Series D funding round in Thought Machine
Thought Machine has closed its series D funding round, led by Temasek, with participation from Intesa Sanpaolo and Morgan Stanley.
Digidoe unveils BaaS offering
Digidoe, the UK-based fintech start-up which aims to revolutionise the world’s payments infrastructure, has unveiled a super-fast ‘Banking as a Service’ (BaaS) solution which enables innovative businesses to launch a new digital bank within 72 hours. The ultra-secure cloud-based API and white label service opens the door to even more flexible UK ‘open banking’ for challenger companies wanting to join the sector. Designed from scratch, DigiDoe’s efficient payments system reduces fraud, cuts fees and costs for merchants and enables low cost, hassle-free payments. The new BaaS service utilises DigiDoe’s patented technology and comes with embedded proprietary anti-money laundering (AML) & fraud prevention systems. It offers onboarding of business and corporate […]
Griffin submits application for UK banking authorisation, hitting major milestone in building a developer-friendly bank for fintechs
Griffin has submitted its UK banking authorisation application to the Prudential Regulation Authority and the Financial Conduct Authority.
Clear Junction announces new service for Open Banking providers
Clear Junction introduces a new e-wallet solution that will enable open banking providers to overcome some of the challenges they face.
Manchester-based Fintech BankiFi Appoints SkyParlour as Official PR Partner
BankiFi, a Manchester-based banking technology platform provider, has announced its partnership with leading Fintech communications specialist, SkyParlour.
UK Fintech SaaScada Finalizes £2.5M Seed Round To Target Challenger Bank Market
SaaScada, the Cloud native Core banking platform provider, recently announced it has secured £2.5 million in seed funding.
Tink expands open banking payments services to five new markets
European open banking platform Tink has announced the expansion of its open banking payments services to five new markets across Europe.
