Banking

European B2B payments platform Sprinque has raised a €6 million seed funding round led by Connect Ventures, with participation from Kraken Ventures, Inference Partners, and SeedX. Existing investors Antler, Volta Ventures, and Force Over Mass also contributed to the...

Lumin Digital has announced a multi-year partnership with California's Pacific Service Credit Union (Pacific Service CU) to support an enhanced online-banking experience for the credit union's nearly 70,000 members and more than $1.4 billion in assets. Slated to launch in October, Lumin's cloud-based online and...

In an unexpected move on January 19, Malaysia's central bank left its benchmark interest rate unchanged, expressing concerns about the country's economy following four straight rate increases in 2017. The overnight policy rate was determined by Bank Negara Malaysia at...

The Small Business Administration's flagship loan programme is receiving strong opposition from bank trade groups in the US, which claim that allowing fintech’s to join would compromise the program's credibility and hurt borrowers. The new SBA proposal would permit fintech’s...

An official tweeted on January 7 that the Indian government has received several offers for a majority stake in IDBI Bank after the window for expressions of interest had passed earlier in the day. Along with the state-owned Life...

The fact that a 166-year-old Western financial institution turns to Saudi Arabia for bailout money is both a sign of the times and a window into the future. It wasn't a typical financial rescue when the Saudi National Bank...

Next BankTemenos announced that Next Commercial Bank (Next Bank), a new digital bank backed by Chunghwa Telecom, Taiwan’s largest telecom operator, has gone live on Temenos core banking platform, opening to customers in 2022. Eric Lee, Chief Information Officer, Next...