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UK based Mobile Banking Provider Atom Bank Secures £40M via Round led by BBVA, Toscafund Asset Mgmt UK-based mobile banking platform Toscafund Asset Management LLP and BBVA. As the bank aims to reach profitability, the £40 million raise includes “an offer to participate for qualifying shareholders in new ‘A’ class shares in Atom priced at 60 pence,” the company confirmed in a release. As mentioned in the announcement: “Atom’s revenues are growing strongly and the bank is on course to achieve over 100bps of Net Interest Margin (NIM) by the end March 2021. Atom is forecast to ha...

Atom Bank boosts customer satisfaction with move to Google Cloud Read later Summary: We get an update from Atom Bank CTO Rana Bhattacharya on the challenger bank’s cloud journey with Google. Founded back in 2014, Atom Bank sought to change the landscape of banking by becoming the UK's first bank to be built specifically for mobile applications. Having gained regulatory approval, Atom launched with the aim of allowing its customers to manage their financial needs wherever they are, via their smartphones.  We spoke with Atom Bank CTO Rana Bhattacharya back in 2019 about how the challenger ...

Clavent announces first round of speakers for TestFest UK - Global Test Automation Series By siliconindia  |  Tuesday, 16 February 2021, 10:43 Hrs TestFest UK, the second edition of the TestFest, a global test automation series, organized by Clavent, a global tech conferences organisation, will be held on March 11 to 12, from 10.00 AM BST until 2 PM BST. The conference follows after TestFest USA held in 2020 and is part of the software testing mini conferences coming up in South Africa, Australia, Philippines, Singapore and India with eight hours of sessi...

TransferGo has announced a partnership with core banking technology company Thought Machine in a bid to boost its expansion into new markets.

French Buy Now Pay Later or BNPL Fintech Alma Secures €49M in Capital via Series B Round France-based Buy Now, Pay Later (BNPL) platform Alma has secured €49 million in capital through a Series B funding round. Alma’s management stated that they intend to use the funds raised to support their extensive business expansion plans in 2021. Alma, the French BNPL platform for both consumers and merchants, confirmed that its €49m Series B investment round has come about a year after it finalized its €12.5m Series A. The company’s latest round included participation from Cathay Innovatio...