Bank Muamalat signs long-term partnership with Backbase for Engagement Banking platform
Partnership and Platform Details:Partnership: Long-term collaboration with Backbase.
Objective: Launch a digital Islamic banking super-app for retail customers.
Supporting Technologies:Core Banking Platform:...
UK challenger GB Bank lands £85m investment
GB Bank Secures £85 Million Investment: Key PointsInvestment Details:Total Investment: £85 million.
Investors:Hera Holdings: £40 million initially, with an additional £40 million...
JP Morgan Chase commits additional £40m to boost economic growth in the UK
Investment Details:Total Commitment: £40 million over five years.
Overall Investment Since 2019: £90 million.Focus Areas:Financial Health and Careers/Skills Development:Total Allocation: £24...
UK challenger Chetwood Financial acquires lender CHL Mortgages for Intermediaries
Overview:Entities Involved: UK digital challenger Chetwood Financial and CHL Mortgages for Intermediaries (CMI), purchased from Barossa Asset Purchaser Sarl.
Purpose: Expansion of Chetwood's...
Cooperative Bank of Oromia in Ethiopia partners Mastercard for prepaid cards and Community Pass
Overview:Entities Involved: Cooperative Bank of Oromia (Ethiopia) and Mastercard.
Agreement: New five-year strategic partnership aimed at boosting digital and financial inclusion in Ethiopia.Key...
US CFPB sues SoLo Funds for allegedly “deceiving borrowers about the total cost of loans”
Overview:Entity Involved: US Consumer Financial Protection Bureau (CFPB).
Target: SoLo Funds, a peer-to-peer (P2P) lending platform.
Allegation: Deceiving borrowers about the total cost...
Cache Valley Bank in front-to-back office tech revamp with Finastra
Bank Overview:A community bank with $2.9 billion in assets.
Serves Utah and Southern Idaho, USA.Modernization Effort:Upgrading front-to-back office technology with Finastra’s solutions.
...
BIS opens call to private sector participants for Project Agorá
Objective:Collaborate with private sector financial institutions to explore tokenisation in wholesale cross-border payments.
Develop a multi-currency ledger for cross-border payments using tokenised commercial...
Chiba Bank to deploy Moneythor personalisation engine for Chibagin app
Partnership with Moneythor:Chiba Bank partners with Singapore-based fintech Moneythor to enhance personalised banking experiences.
The bank will utilize Moneythor’s financial services personalisation...
