NatWest Group has announced a strategic minority investment in Serene, an AI-driven platform focused on addressing financial vulnerability. By combining artificial intelligence and behavioral science, Serene identifies early signs of financial distress and predicts potential risks, enabling financial institutions to provide personalized and timely support at scale. This investment underscores NatWest’s commitment to supporting customers who may face financial challenges, leveraging innovative technologies to improve customer outcomes. Collaborating with Serene allows NatWest to refine its financial models, enhance customer insights, and strengthen financial support services. Additionally, Serene’s network offers opportunities for cross-industry partnerships. Accelerating Innovation with Strategic Investments NatWest’s Innovation…
Author: Editorial Team
Alkami Technology, Inc. (Nasdaq: ALKT), a leading provider of cloud-based digital banking solutions for U.S. financial institutions, has introduced its groundbreaking Business Banking Digital Maturity Assessment. Designed exclusively for banks and credit unions, this first-of-its-kind tool is based on insights from a recent study conducted in collaboration with Emerald Research Group and financial services expert Jim Marous. The research surveyed 150 digital decision-makers from financial institutions across the U.S., identifying distinct levels of digital maturity in business banking. These levels were defined by how institutions integrate culture, strategy, and technology to drive measurable results. The Business Banking Digital Maturity Assessment…
Q2 Holdings Inc., a leader in digital transformation solutions for financial services, has announced a strategic partnership with Alloy, a top provider of identity and fraud prevention solutions. Together, they will deliver a powerful ongoing fraud monitoring solution tailored for Q2 Digital Banking customers. This innovative solution, powered by Alloy’s centralized identity decision engine, is designed to address critical fraud risks like account takeovers and peer-to-peer (P2P) payment fraud. Financial institutions can now take greater control of their fraud prevention efforts while ensuring a smooth user experience and supporting business growth. Combatting Growing Fraud Threats According to Alloy’s upcoming 2025…
Neonomics Group has officially acquired Ordo, a leading UK-based open banking payments and data service provider. Ordo, authorised by the UK Financial Conduct Authority (FCA), is one of the pioneers in open banking and a trusted supplier of Crown services. With expertise in delivering advanced payment solutions like Variable Recurring Payments (VRP), this acquisition marks a pivotal step in reshaping the future of seamless, cost-effective financial services. Accelerating Open Banking Growth Across the UK and EU The UK and EU are experiencing rapid adoption of account-to-account payments, fueled by advancements in technology and increasing regulatory support. Enhanced interoperability and robust…
Leading financial operations platform Ramp has unveiled Ramp Treasury, a groundbreaking solution that redefines how businesses manage and grow their operating cash. By integrating cash storage and investment opportunities into one seamless platform, Ramp Treasury simplifies financial operations and maximizes earnings. Businesses can now store funds in: With Ramp Treasury, businesses no longer need to compromise between growth and liquidity. Key Benefits of Ramp Treasury Quick Fact: Businesses with $1M in operating cash could earn $25,000 annually in a Ramp Business Account compared to just $700 at a traditional bank. Simplifying Treasury Management For many businesses, managing cash means juggling…
The Financial Conduct Authority (FCA) has outlined its plans to implement variable recurring payments (VRP) and advance Open Finance by 2025, aiming to increase competition and expand consumer choice in the UK. These developments are part of a broader strategy to support economic growth, as detailed in a letter from FCA chief executive Nikhil Rathi to Prime Minister Keir Starmer and Chancellor Rachel Reeves. The letter was a response to the government’s call for regulators to adopt pro-growth measures, issued by the Prime Minister on December 24, 2024. Rathi emphasized the need for a collaborative approach, stating: “We want to…
Barclays has officially become the newest partner of FinTech Wales, the independent membership association dedicated to supporting the fintech and financial services industry in Wales. Joining an elite group of 11 partners, Barclays aims to bolster FinTech Wales’s mission to establish Wales as a global fintech hub. As a partner, Barclays will provide significant support across critical areas such as skills development, investment opportunities, and driving innovation within the financial technology sector. This partnership is set to enhance collaboration, cultivate emerging talent, and strengthen the fintech ecosystem, enabling it to compete effectively on the global stage. A Commitment to Welsh…
Omnea, a leading procurement orchestration platform, has announced its partnership with Thought Machine, a cloud-native banking technology innovator. This collaboration aims to embed advanced third-party risk management and financial governance within Thought Machine’s procurement processes, ensuring an exceptional experience for requesters, reviewers, and suppliers alike. The integration enables Thought Machine to streamline legacy vendor systems, unify risk management, and centralize procurement intake, approvals, and supplier management within Omnea’s platform. Employees can submit requests effortlessly, which are then intelligently routed to appropriate security and finance reviewers. The platform also automates the distribution of security questionnaires to suppliers, ensuring compliance with stringent…
OakNorth, the digital bank built for entrepreneurs by entrepreneurs, has provided £50M in new funding to Paloma Capital, a leading private equity real estate investor and returning customer. Founded in 2015 by Joe Froud and Jack Pitman, Paloma Capital has raised over £520M in discretionary capital through three value-add funds, attracting institutional investors from the UK, Europe, and the Middle East. The firm’s investment strategy is rooted in three core principles: identifying mispriced opportunities, an entrepreneurial approach to asset management, and a focus on generating returns primarily from income. This latest £50M funding from OakNorth, split into two transactions, will…
Fairer Finance, the independent consumer group and ratings provider, has expanded its offerings by launching new product ratings for business bank accounts. This move marks an important milestone, as the organization now evaluates over 30 product types, including insurance, banking, and credit products. The newly introduced business bank account ratings aim to simplify the process of selecting the right bank account for small businesses. By focusing on both benefits and costs, Fairer Finance ensures that business owners can better understand the true value of an account over its lifetime, including any hidden or future fees that might arise. 5-Star Ratings:…
