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Allica Bank Unveils Profitability and High-Yield Savings Amid Expansion
Fintech challenger Allica Bank has rewarded savers with a 5% return on its 12-month fixed-rate bond personal savings account. The bank responded to the Bank of England’s base rate change with a market-leading offer for its personal customers, showing resilience and adaptability in a competitive market.
Recently, Allica reported its 2022 annual results, marking its entry into profitability. This milestone makes it one of the fastest fintech companies to achieve such a feat, a testament to its innovative approaches and robust business model.
In a bold move, Allica launched a proprietary new business current account – the Business Rewards Account. This launch uniquely positions Allica as the UK’s only full-service bank dedicated to serving established Small and Medium Enterprises (SMEs). This initiative underscores Allica’s commitment to supporting the growth of SMEs, a sector often overlooked by conventional banking institutions.
Further, Allica offers a mix of market-leading, straightforward, and secure personal and business savings accounts. These products are designed with no-faff, simplifying banking and making it more accessible for users. The offering includes a 95 and 180-day notice account, as well as 6, 12, and 24-month fixed-rate accounts.
Allica’s robust banking suite has not only made it a go-to destination for SMEs but also a trusted provider of secure, high-yield savings options for individuals. The bank’s innovation, dedication to its customers, and its swift entry into profitability make it a formidable player in the fintech industry.
Companies In This Post
- Lüt Announces Strategic Partnership with Safe Harbor to Expand Access to Compliant Closed-Loop Payments for Cannabis and Specialty Merchants Read more
- Figure Partners with moomoo and Keplr to Expand Global Access to the On-chain Public Equity Network (OPEN) Read more
- OneDome Raises $25M Pre-Series C, Bringing Total Funding to $40M Read more
- intelliflo and Söderberg & Partners Form Strategic Partnership to Drive Adviser Efficiency Read more
- Axiology Secures €5 Million Seed Funding to Accelerate the Modernisation of Europe’s Capital Markets Read more
intelliflo and Söderberg & Partners Form Strategic Partnership to Drive Adviser Efficiency
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APEXX Global Announces $10 Million Investment from Finch Capital to Accelerate Global Growth
APEXX Global, the leading merchant-centric Payment Orchestration Platform, today announced a strategic investment of up to $10 million USD led by Finch Capital, a European growth investor with deep expertise in payments and scaling financial technology players internationally.
Clearwater Analytics and TreasurySpring Announce Platform Integration for Fixed-Term Cash Management
Clearwater Analytics (NYSE: CWAN), the most comprehensive technology platform for investment management and TreasurySpring, the global cash investment platform, today announced an integration that connects CWAN’s investment management platform directly with over 1,000 cash investment products from TreasurySpring, helping institutional clients manage surplus cash with defined maturity requirements.
Eltropy Enters 2026 With Record Growth and Expanding Momentum
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ING: AI Will Redefine Banking Careers
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ANZ Launches Agentic AI-Powered CRM to Transform Business Banking
ANZ is investing in its business banking experience by deploying Salesforce's Agentforce 360 platform within its new CRM tool
Bain & Company Acquires JJC Fintech to Enhance CLM, KYC, and AML Offerings for Financial Services Clients
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Lüt Announces Strategic Partnership with Safe Harbor to Expand Access to Compliant Closed-Loop Payments for Cannabis and Specialty Merchants
Lüt, a new financial ecosystem built for accessibility, reliability and growth with a first-of-its-kind closed-loop digital payments platform for cannabis and other high-risk industries, has announced its new partnership with leading financial services provider Safe Harbor to address one of the cannabis industry’s most persistent challenges: compliant and reliable payments. Through the collaboration, Lüt becomes a Safe Harbor Advantage Partner in closed-loop payment, expanding access to compliant, guaranteed-funds digital payments for cannabis and specialty merchants.
Figure Partners with moomoo and Keplr to Expand Global Access to the On-chain Public Equity Network (OPEN)
Figure is expanding investor access to the On-Chain Public Equity Network (OPEN) through new integrations with moomoo and Keplr, extending the distribution of blockchain-native public equities across both regulated brokerage platforms and self-custody wallets. OPEN allows companies to issue their equity native on blockchain and enables investors worldwide to invest in U.S. public equities while accessing decentralized finance (DeFi) for borrowing against and lending out stock.
OneDome Raises $25M Pre-Series C, Bringing Total Funding to $40M
OneDome, the UK-based housing and fintech platform, has raised $25 million in a Pre-Series C funding round, taking total funding raised to date to $40 million.
intelliflo and Söderberg & Partners Form Strategic Partnership to Drive Adviser Efficiency
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Axiology Secures €5 Million Seed Funding to Accelerate the Modernisation of Europe’s Capital Markets
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ComplyAdvantage Fintea Chats: Lucy Heavens on Compliance, Technology and the Future
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Chargebase Launches to Help Merchants Cut Chargebacks and Give Easy Access to Verifi and Ethoca Alerts
Chargebase, a new chargeback-prevention platform built for high-growth e-commerce and SaaS businesses, today announces its official launch. Designed to solve an expensive and existential problem for merchants – chargebacks – Chargebase gives companies instant access to Verifi and Ethoca alerts in a single, easy-to-use platform with automated workflows and transparent pricing.