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UK BANKS SCRAMBLE TO PROTECT CUSTOMERS FROM WAVE OF CORONAVIRUS SCAMS

Reuters | March 24, 2020

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UK banks are stepping up fraud prevention measures to protect customers from scammers eager to exploit the coronavirus pandemic with a whole range of new tricks, including fake sales of medical supplies and bogus government relief schemes. With British households effectively on lockdown, some banks said customers had already been caught out by fraudsters posing as banks, government and even health service providers to persuade victims to hand over passwords or other sensitive data. Barclays (BAR...

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CORE BANKING, FINANCIAL MANAGEMENT

ATOMIC EARNS "BEST BANKING TRANSACTION SOLUTION" RECOGNITION AS PART OF ANNUAL 2022 FINTECH BREAKTHROUGH AWARDS

Atomic | August 24, 2022

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Atomic, the market-leading provider for payroll connectivity, has been named the winner of the sixth annual FinTech Breakthrough Awards for "Best Banking Transaction Solution". This award comes on the heels of the company's $40 million Series B funding round, further validation of Atomic's cutting edge and consumer-friendly payroll solutions. "This is an incredible milestone for our company and recognition of our team's hard work creating f...

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CORE BANKING

SMBC GROUP TO LAUNCH JENIUS BANK™, A NEW DIGITAL CONSUMER BANKING BUSINESS IN THE U.S.

SMBC Group | August 25, 2022

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Sumitomo Mitsui Financial Group, Inc. (SMFG, President and Group CEO Jun Ohta, together with subsidiaries SMBC Group) announced today that it will strengthen its presence in the U.S. with a new digital consumer banking business. Jenius Bank™ will launch and operate as a new division of Manufacturers Bank, a California state-chartered bank that is a wholly-owned subsidiary of SMBC Group. Jenius Bank will launch in the coming months with personal loans and then expand its offe...

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GLOBAL PROCESSING SERVICES SECURES STRATEGIC INVESTMENT FROM VISA

Business Wire | October 19, 2020

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Leading payments issuer processor, Global Processing Services (GPS) has secured a strategic investment from strategic partner, Visa Inc., the world’s leader in digital payments. Backed by UK growth private equity firm, Dunedin, this strategic investment will accelerate GPS’ global expansion, following its success in launching new and innovative fintechs and digital banks in Europe and South East Asia, including Revolut and Starling Bank. GPS has proven to be the Paytech Pioneer&trade...

Read More
news image

UK BANKS SCRAMBLE TO PROTECT CUSTOMERS FROM WAVE OF CORONAVIRUS SCAMS

Reuters | March 24, 2020

UK banks are stepping up fraud prevention measures to protect customers from scammers eager to exploit the coronavirus pandemic with a whole range of new tricks, including fake sales of medical supplies and bogus government relief schemes. With British households effectively on lockdown, some banks said customers had already been caught out by fraudsters posing as banks, government and even health service providers to persuade victims to hand over passwords or other sensitive data. Barclays (BAR...

Read More
news image

CORE BANKING, FINANCIAL MANAGEMENT

ATOMIC EARNS "BEST BANKING TRANSACTION SOLUTION" RECOGNITION AS PART OF ANNUAL 2022 FINTECH BREAKTHROUGH AWARDS

Atomic | August 24, 2022

Atomic, the market-leading provider for payroll connectivity, has been named the winner of the sixth annual FinTech Breakthrough Awards for "Best Banking Transaction Solution". This award comes on the heels of the company's $40 million Series B funding round, further validation of Atomic's cutting edge and consumer-friendly payroll solutions. "This is an incredible milestone for our company and recognition of our team's hard work creating f...

Read More
news image

CORE BANKING

SMBC GROUP TO LAUNCH JENIUS BANK™, A NEW DIGITAL CONSUMER BANKING BUSINESS IN THE U.S.

SMBC Group | August 25, 2022

Sumitomo Mitsui Financial Group, Inc. (SMFG, President and Group CEO Jun Ohta, together with subsidiaries SMBC Group) announced today that it will strengthen its presence in the U.S. with a new digital consumer banking business. Jenius Bank™ will launch and operate as a new division of Manufacturers Bank, a California state-chartered bank that is a wholly-owned subsidiary of SMBC Group. Jenius Bank will launch in the coming months with personal loans and then expand its offe...

Read More
news image

GLOBAL PROCESSING SERVICES SECURES STRATEGIC INVESTMENT FROM VISA

Business Wire | October 19, 2020

Leading payments issuer processor, Global Processing Services (GPS) has secured a strategic investment from strategic partner, Visa Inc., the world’s leader in digital payments. Backed by UK growth private equity firm, Dunedin, this strategic investment will accelerate GPS’ global expansion, following its success in launching new and innovative fintechs and digital banks in Europe and South East Asia, including Revolut and Starling Bank. GPS has proven to be the Paytech Pioneer&trade...

Read More