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Italian Digital Bank Illimity Reports €31 Million Profit
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Italian Digital Bank Illimity Reports €31 Million Profit

Fintech News Desk
Chaired by Rosalba Casiraghi, the Board of Directors of illimity Bank S.p.A. (“illimity” or the “Bank”) yesterday approved the illimity Group’s results at 31 December 2020. Despite the difficult situation caused by the COVID-19 pandemic, illimity has fully met the results contained in its earnings guidance announced at the end......
Speech: ECB's Fabio Panetta on a Digital Euro's Impact on the Financial System
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Speech: ECB’s Fabio Panetta on a Digital Euro’s Impact on the Financial System

Fintech News Desk
Throughout history, innovations in money have challenged and altered the structure of the financial system. Time and time again, innovations have given rise to debates about the risks they pose and the rewards they bring, as well as the role of central banks in building confidence in money. Paper banknotes......
COVID-19 Forced U.S. Middle Market Companies to Embrace Digital Banking; That Could Be Bad News for Regional and Community Banks
Banking Business Fintech News

COVID-19 Forced U.S. Middle Market Companies to Embrace Digital Banking; That Could Be Bad News for Regional and Community Banks

Fintech News Desk
Greenwich Associates announces winners of 2020 Greenwich Excellence, Best Brand and Share Leader Awards in U.S. Middle-Market Banking Regional and community banks scored points with U.S. middle-market companies last year by leveraging their high-touch service models to provide support during the COVID-19 crisis. Regional banks dominate the list of 2020......
Monolith Enlists First Direct and Egg Founder Mike Harris as Chairman
Business Fintech Investment Services News Risk Management Trading

Triterras Appoints Global Finance Veteran Adrian Kow Tuck Hoong to Board of Directors

Fintech News Desk
Triterras Inc. , a leading fintech company for trade and trade finance, has appointed Adrian Kow Tuck Hoong to its board of directors, effective January 29, 2021. Adrian’s appointment follows the sudden passing of board member Martin Jaskel from surgical complications announced on January 5, 2021. Adrian has also been......
Wells Fargo Invests in Six Black-Owned Banks
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Wells Fargo Invests in Six Black-Owned Banks

Fintech News Desk
Investment is part of a $50 million pledge to help minority institutions and the bank’s larger commitment to foster an inclusive recovery Wells Fargo today announced equity investments in six African American Minority Depository Institutions (MDIs) as part of its March 10, 2020, pledge to invest up to $50 million in Black-owned......
Built Raises $88 Million to Power the Future of Construction Finance
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Built Raises $88 Million to Power the Future of Construction Finance

Fintech News Desk
Built Technologies, a Nashville-based fintech company and leader in construction finance software and construction payment technology, has closed an $88 million Series C funding. Built will use the funds to expand its Built for Lending product suite and accelerate its go-to-market efforts to serve more bank and non-bank construction lenders......
Digital Banking Grows During Covid-19 As Consumers Look Beyond Their Primary Banks For Product Options
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Digital Banking Grows During Covid-19 As Consumers Look Beyond Their Primary Banks For Product Options

Fintech News Desk
Research by Bain & Company shows that consumers are defecting to competitor banks, seeking out convenience with more affordable products and better digital tools. Through the ongoing Covid-19 pandemic, as bank branch visits have dropped, customers have turned to digital channels for all kinds of transactions, including the purchasing of......
i2c Partners with Zytara for Digital Banking Platform
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i2c Announces String of Credit Card Processing Partnerships

Fintech News Desk
Innovative products underscore how next-gen platforms are leveling the playing field in credit for banks and FinTechs i2c Inc., a leading provider of digital payment and banking technology, announced a string of partnerships and credit product launches including Archa, Community Bank of the Chesapeake (CBTC) and Credit Sesame. According to the company, the collaborations......
Wolters Kluwer FRR and Risk.net Survey Identifies Risktech Innovation as Key to Banks’ Competitive Edge
Fintech News Risk Management

Wolters Kluwer FRR and Risk.net Survey Identifies Risktech Innovation as Key to Banks’ Competitive Edge

Fintech News Desk
More than 80% of risk professionals view risk technology (risktech) innovation as imperative to their banks’ competitive edge, with tech spend being directed towards effectiveness rather than cost reduction. That’s according to a new survey and white paper, “Sharpening risktech’s cutting edge: Maximising value from risktech investment”, published by Wolters Kluwer’s Finance,......
Moven Hires Chief Revenue Officer to Accelerate Go-to-Market Execution
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Moven Hires Bryan Clagett As Chief Revenue Officer

Fintech News Desk
Movencorp, Inc., a leading technology provider of intelligent banking solutions designed to improve consumer financial engagement and wellness, announced today the expansion of its executive leadership team with the naming of Bryan Clagett as Chief Revenue Officer. Read More: Datasite Completes Agreement to be Acquired by CapVest With Mr. Clagett’s appointment,......
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