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FundFront | May 16, 2022
FundFront has announced the introduction of its alternative investment platform. FundFront is a FinTech business based in London. Its founding partners Amin Naj, Arman Salavitabar, and Dr. Aric Whitewood hail from top financial organizations such as J.P. Morgan and Credit Suisse. Their objective is to simplify access to unique alternative investing techniques. The FundFront team is poised to reduce the entry barriers to alternative investing, having vast experience in technology and fund managem...
Business Wire | October 12, 2020
Temenos, the banking software company, today announced that FlowBank has selected Temenos Transact delivered as SaaS to power its new digital bank in Switzerland. Temenos Transact core banking technology will enable FlowBank to rapidly launch and offer a new investing experience to private and institutional investors in Switzerland and internationally. FlowBank has recently secured its banking license in July 2020 and is planning to launch the operations by the end of 2020. The bank aims to meet...
Deutsche Bank | March 12, 2020
Deutsche Bank’s (DBKGn.DE) top executives sought to assure employees and investors over its ability to weather the coronavirus as shares in the German lender hit a new low on Thursday amid a wider stock market sell-off. Christian Sewing, chief executive of Germany’s largest bank, told employees in a memo seen by Reuters that Deutsche Bank’s business was in “good shape as the positive momentum of the fourth quarter has continued”. The bank has announced measures to s...
Ally, CardWorks | February 19, 2020
Ally Financial has struck a $2.65 billion deal to buy CardWorks, enabling it to enter the credit card and merchant acquiring sectors. Ally will pay $1.35 billion in cash and $1.3 billion in stock for CardWorks, a non-prime credit card and consumer finance lender with $4.7 billion in assets and $2.9 billion in deposits. Ally began life as an auto financing outfit before diversifying to offer online banking, mortgage lending and investment-advisory services. The CardWorks acquisition helps to expa...
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CORE BANKING
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