Breaking News
Alba becomes Scotland’s first ever bank for SMEs
Alba is delighted to receive its UK banking licence (Authorised with Restrictions or ‘AWR’) from the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) following a significant investment
This paves the way for the Alba, to become Scotland’s first ever bank focused exclusively on serving businesses throughout Scotland and the UK regions.
Over the last year, Alba has worked closely with both the PRA and FCA to develop its proposition, processes and systems, and the recent investment has allowed the team to proceed with confidence in securing a banking license with restrictions and, as a result, become Scotland’s maiden fully operational, digital-first SME-focused bank.
Alba is led by an experienced team who hold an intimate knowledge of the banking sector and share a passion to transform small and medium-sized enterprise (SME) customer banking, combining a relationship-driven banking model with its state-of-the-art technology platforms.
Rod Ashley, CEO of Alba, commented: “This is unquestionably a landmark moment in our journey so far. Firstly, I’m incredibly proud of the team who have steadfastly believed in our mission of launching a new SME-focused bank and have worked tirelessly to build a comprehensive business plan which has allowed us to receive our AwR’ license from the regulators.
I would also like to thank our loyal investors who have backed our proposition and from day one realised there was a clear gap in the market for a digital-first bank which places an emphasis on both understanding and building lasting relationships with the businesses it supports.
Despite being the backbone on the British economy, businesses throughout UK have for years been underserved by the banking industry but, with our unique proposition, we believe we are different and can’t wait to begin supporting these businesses to help develop their aspirations, grow and realise their potential.”
The significant investment secured in this funding round supports us past full launch and well into our initial trading plans.
People In This Post
Companies In This Post
- EXCLUSIVE: “Stable & Secure?” – Simone Loefgen, Commerzbank in ‘Discover Sibos 2025’ Read more
- CBI Drives Verification of Payee Compliance in Italy Read more
- Lastro Secures $15M Series A Led by Prosus Ventures to Scale its AI Agent, Empowering Over 2M Homebuyers Read more
- Evertec Announces Closing of Controlling Stake in Tecnobank, Expanding Product Offering in Brazil Read more
- EXCLUSIVE: “Scaling Safely – Without Debanking” – Imam Saygili, Flagright in ‘The Fintech Magazine’ Read more
Evertec Announces Closing of Controlling Stake in Tecnobank, Expanding Product Offering in Brazil
EVERTEC, Inc. (NYSE: EVTC) (“Evertec”, the “Company”, “we” or “our”) today announced that the Company has closed the previously announced transaction to acquire a controlling stake in Tecnobank Tecnologia Bancária S.A.
$1,700 Lost per Australian to Fraud in 2025 Amid AI Advances and Peak Season Risks, According to Adyen
Adyen, the global financial technology platform, revealed that fraud losses in Australia are on the rise, set to intensify as the peak shopping season approaches.
European Central Bank Concludes a Framework Agreement with Feedzai to Detect and Prevent Fraud for Forthcoming Digital Euro
The European Central Bank (ECB) has concluded a framework agreement in ranking with Feedzai, the world’s leading RiskOps platform for financial crime prevention, as the first-ranked tenderer, to provide the central fraud detection and prevention mechanism for the digital euro (link to contract award notice and announcement on ECB’s website).
Diebold Nixdorf’s Brian Gallipeau Recognized as Future of Field Service Stand Out 50 Leader for 2025
Diebold Nixdorf (NYSE: DBD), a global leader in transforming the way people bank and shop, today announced that Brian Gallipeau, senior vice president, Service Americas, has been named to the Future of Field Service Stand Out 50 Leaders list for 2025. The award recognizes leaders from around the globe who drive innovation, operational excellence and meaningful impact in field service organizations.
Public Launches Fully Customizable Direct Indexing
Public, the platform for long-term investing, announces that members can now build their own direct index from a wide range of foundational indices. Direct indexing is a strategy where, instead of investing in a derivative of the index, such as an ETF, investors own each stock in the index directly, enabling automated tax strategies and personalization of the index. Members can access over 100 different indices from Solactive and S&P® to directly own and customize their holdings to their liking, as well as optimize for tax savings through tax-loss harvesting.
Fuse Breaks Dollar Clearing Bottleneck with USD Virtual Accounts for Emerging Markets
Fuse has launched its USD virtual accounts, giving organisations fast and reliable access to emerging markets. Since launch, transaction volumes have grown by more than 100 percent month over month, already more than doubling its AED business.
Hanscom Federal Credit Union and Alkami Forge Strategic Partnership to Power a Differentiated Mobile Banking Experience
Alkami Technology, Inc. (Nasdaq: ALKT) ("Alkami"), a digital sales and service platform provider for financial institutions in the U.S., today announced a strategic partnership with Hanscom Federal Credit Union (HFCU) to support the launch of HFCU's proprietary mobile banking experience. Designed to deliver a convenient, gamified approach to banking, the mobile application (app) will empower members with personalized tools for financial wellness. As part of the collaboration, HFCU will also adopt Alkami's Online Banking Platform to help ensure a seamless and secure experience across digital channels.
EXCLUSIVE: “Stable & Secure?” – Simone Loefgen, Commerzbank in ‘Discover Sibos 2025’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
CBI Drives Verification of Payee Compliance in Italy
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Lastro Secures $15M Series A Led by Prosus Ventures to Scale its AI Agent, Empowering Over 2M Homebuyers
Lastro, a Brazilian artificial intelligence proptech, announced a Series A round of $15 million led by Prosus Ventures, a global tech operator and investor and major shareholder in iFood and OLX. FJ Labs and Endeavor Scale-Up Ventures also participated in the round, along with existing investors Canary, QED and 1Sharpe Ventures.
Evertec Announces Closing of Controlling Stake in Tecnobank, Expanding Product Offering in Brazil
EVERTEC, Inc. (NYSE: EVTC) (“Evertec”, the “Company”, “we” or “our”) today announced that the Company has closed the previously announced transaction to acquire a controlling stake in Tecnobank Tecnologia Bancária S.A.
EXCLUSIVE: “Scaling Safely – Without Debanking” – Imam Saygili, Flagright in ‘The Fintech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
APIs Driving Embedded Finance Innovation
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
FinScan’s AML Software Solutions Integrate with LSEG World-Check On Demand
FinScan®, an Innovative Systems solution and leading provider of advanced anti-money laundering (AML) compliance solutions, today announced integration with and support for LSEG World-Check On Demand. FinScan is one of the first LSEG partners to announce support of the solution.