Backbase, renowned for its Engagement Banking Platform, has announced a strategic partnership with Seven, a leading consultancy and systems integrator specialising in digital transformation and AI solutions in Morocco. This collaboration is set to redefine the digital banking landscape across Africa and the Middle East (MEA), empowering financial institutions to deliver next-generation banking experiences tailored to customer needs. The Backbase platform is celebrated for enabling banks to offer personalised, seamless customer journeys, drive digital adoption, and reduce technological debt while improving operational efficiency. By combining Backbase’s cutting-edge technology with Seven’s deep expertise in banking and digital transformation, this partnership aims…
Author: Editorial Team
Chetwood Bank has partnered with Sandstone Technology to launch an innovative digital savings platform, meeting urgent market needs with a swift, compliance-driven approach. This collaboration enabled the successful rollout of a fully integrated solution, setting a new standard for rapid implementation in the financial sector. Faced with the challenge of launching their easy access savings product quickly, Chetwood Bank turned to Sandstone Technology for their proven expertise in digital banking. The partnership focused on delivering a cloud-first, regulatory-compliant platform that aligns with Chetwood’s strategic vision. Fast-Tracked Implementation in Record Time In just seven months, Sandstone Technology worked closely with Chetwood…
Basta Pay, the fintech brainchild of former Serbian Minister of Economy Rade Basta, is gearing up for its global launch on March 1, 2025. Headquartered in Malta, the platform promises to deliver cutting-edge financial solutions for individuals and businesses worldwide, setting a new benchmark for accessibility, security, and sustainability in financial technology. Strategic Malta Base Enhances Global ReachChoosing Malta as its headquarters underscores Basta Pay’s commitment to leveraging the country’s thriving fintech ecosystem and regulatory advantages. This strategic decision positions the company to efficiently navigate international financial regulations and access key global markets. Rade Basta’s Vision for Financial FreedomDrawing from…
Customised Generative AI Emerges as the Key to Operational Success Generative AI (GenAI) is revolutionizing how Chief Operating Officers (COOs) at billion-dollar enterprises approach their operations. A recent PYMNTS Intelligence report, titled “COOs Find the Key for a Positive ROI on GenAI: Customization”, reveals that 77% of COOs leveraging GenAI report positive returns on investment (ROI). The report highlights the growing importance of customized GenAI tools, which are outperforming standard solutions by providing targeted, efficient results tailored to organizational needs. From bolstering cybersecurity to streamlining production management, COOs are increasingly turning to GenAI for handling high-stakes, complex functions. Many executives…
KPMG UK has announced its partnership with FinTech Scotland, the organisation dedicated to advancing Scotland’s financial technology ecosystem. This collaboration aims to fuel innovation, accelerate growth, and promote the adoption of cutting-edge technologies across the Scottish fintech sector. By joining FinTech Scotland’s expansive network, KPMG UK will contribute its global expertise and insights to a dynamic cluster of over 250 fintech SMEs, 35 financial and professional services institutions, leading universities, regulatory bodies, and technology enterprises. Advancing Fintech Leadership in Scotland Scotland has emerged as a pivotal hub for fintech innovation, and KPMG’s involvement will enhance the cluster’s reputation as a…
Reem Finance has partnered with Temenos, a global leader in banking technology, to launch a cutting-edge digital community bank in the United Arab Emirates (UAE). This collaboration highlights Reem Finance’s commitment to operational efficiency, regulatory compliance, and customer-centric services through innovative technology. The new bank will leverage Temenos’ market-leading core banking platform, renowned for its advanced retail and corporate banking capabilities. Delivered as Software-as-a-Service (SaaS), the platform enables rapid scalability and streamlined operations. With robust localisation features, it ensures the bank can adapt swiftly to the UAE’s dynamic financial landscape while maintaining compliance with regional requirements. The integration of Temenos’…
Photonics, the science that powers light-based systems for data manipulation, has long been touted as the future of high-performance computing. Yet, despite its enormous potential, the technology has struggled to be fully applied to a new generation of chips. German startup Akhetonics is seeking to change that with a bold, all-optical approach to chipmaking. The company has raised €6 million (approximately $6.33 million) in a seed funding round led by Matterwave Ventures, TechCrunch has learned exclusively. Unlike companies developing hybrid solutions that mix electronics and photonics, Akhetonics is setting its sights on creating fully optical general-purpose chips. Its name—a blend…
Société Générale has officially gone live on CLS’s cross-currency swaps (CCS) service, joining a growing list of participants leveraging the solution to mitigate settlement risk and enhance liquidity efficiency. Cross-currency swap transactions pose significant settlement risks due to the high value of initial and final principal exchanges. These trades, when settled on a gross bilateral basis, often result in operational inefficiencies and strain on liquidity. CLS’s CCS service integrates with post-trade processing platform MarkitWire, enabling participants to seamlessly incorporate cross-currency swap flows into CLSSettlement. This integration provides multilateral netting benefits across all FX transactions, significantly reducing daily funding requirements and…
Envestnet, a leading provider of integrated technology and wealth management solutions, has signed a definitive agreement to be acquired by Bain Capital in a $4.5 billion deal. Shareholders will receive $63.15 per share in cash. Reverence Capital is also part of this strategic transaction, and prominent partners, including BlackRock, Fidelity Investments, Franklin Templeton, and State Street Global Advisors, have committed to minority investments in the private company. A Wealth Management Leader With over $6 trillion in assets under management and nearly 20 million accounts, Envestnet empowers more than 109,000 financial advisors through its comprehensive, unified digital platform. Supporting over 800…
SimCorp, a global leader in financial technology solutions, has renewed its long-standing partnership with Deutsche Bank Securities Services to drive operational efficiency and growth in the Asia-Pacific (APAC) region. Originally established in 2006, the partnership extension will enable Deutsche Bank to continue leveraging the integrated SimCorp One platform to deliver enhanced fund administration and accounting services for clients in the region. “Our partnership with SimCorp has been instrumental in providing a competitive edge and enabling scalable growth,” said Anand Rengarajan, Deutsche Bank’s Head of Securities Services for APAC, the Middle East, and Africa, and Global Head of Sales. “The platform’s…
