Surecomp, the leading provider of global trade finance solutions for banks and corporates, today announced that Siam Commercial Bank - Thailand’s third largest bank - is deploying the IMEX and allNETT solutions for integrated, straight through digital trade finance processing into Myanmar and Vietnam.
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More than half of Brits still use cash every week 4 hours ago
Source: Diebold Nixdorf New research from Diebold Nixdorf has found that over 50% of the public are still using cash on a weekly basis, reinforcing the importance of access to cash as lockdown restrictions ease.
The use of cash across age groups remained relatively consistent, with 61% of 55 year-olds and over using cash in the last week, compared with 56% of 35-54s and 46% of 18-35s. Only 13% of the 2000 survey respondents said they had not used cash for a transaction within the past month.
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Asia Alliance Bank signs with ICFS 6 hours ago
Source: ICFS Asia Alliance Bank, multi-awards winning bank – recently awarded “The Best Bank for SMEs in Uzbekistan” by Asiamoney, and one of the leading banks in Uzbekistan, has selected ICS BANKS Islamic Banking software solutions from ICS Financial Systems (ICSFS), the global software and services provider for banks and financial institutions, with the collaboration of the Islamic Corporation for the Development of the Private Sector (ICD).
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Trade Republic snags $900 million in fundiing 4 hours ago
1 German neobroker Trade Republic has scored the country s largest ever fintech funding round, a $900 million Series C that puts a $5 billion price tag on the six-year old firm. The investment was led by Sequoia with participation from new investors TCV and Thrive Capital as well as existing investors Accel, Founders Fund, Creandum and Project A.
Founded in 2015 and licensed in Germany, Trade Republic is a European equivalent of US unicorn RobinHood, enabling users to invest in stocks, ETFs, and derivatives - mobile and commission-free.
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Customers Bank signs with Tassat for B2B payments 4 hours ago
Source: Tassat Customers Bank, a subsidiary of Customers Bancorp, Inc. (NYSE:CUBI) a bank holding company, and Tassat, a global provider of blockchain technologies for digital payments, today announced that Customers Bank will use Tassat’s proprietary platform TassatPay® Network, which features real-time B2B payments and integration of digital and legacy payment rails.
The partnership will deliver enhanced payments functionality for the bank’s business clients and low-cost core deposit growth for the bank.