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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.
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Woodforest National Bank Selects Jack Henry to Power Growth with a Modern, Integrated Platform
Jack Henry® (Nasdaq: JKHY) announced today that Woodforest National, a multi-state bank with more than $9 billion in assets, has selected Jack Henry to support its continued growth, modernization, and long-term digital strategy.
Push by Aave Labs Receives FCA Approval to Launch Zero-Fee On- and Off-Ramping Services in the UK
Push Labs Limited and Push Virtual Assets Limited (together “Push”), both UK subsidiaries of Aave Labs, today announced that they have received approval from the UK’s Financial Conduct Authority (FCA) for their applications to register as a cryptoasset exchange provider in the UK. As the UK's financial services regulator, the FCA is responsible for safeguarding market integrity, protecting consumers, and promoting effective competition across the financial system.
Eltropy Releases Safe AI Guide for Community Financial Institutions
Eltropy, the leading agentic AI platform for credit unions and community banks, today released Safe AI: The AI Guide for Community Financial Institutions, a 46-page framework covering the policies, guardrails, and governance practices CFIs need to deploy AI responsibly. The guide was authored by Saahil Kamath, VP of Product, and Rahul Prakash, Sr. Director of Engineering.
Incognia Becomes the Most Downloaded Fraud Prevention SDK in Europe
Incognia, the leader in AI-powered cross-device risk intelligence, today announced it has become the most downloaded fraud prevention SDK in Europe, based on total SDK integrations across the region. The milestone reflects a shift among European financial institutions and companies reassessing fraud stacks under GDPR-era expectations for data minimization and accountability.
Triple Point Supports Pelican Capital’s Investment in Steplab with Debt Facility
Triple Point, the innovative investment manager specialising in private markets, has originated a senior debt facility to support Pelican Capital’s backing of Steplab, a high-growth UK-based platform for schools. The platform provides instructional coaching and professional development to help schools improve teaching outcomes.
African Cybersecurity Company to Help UK Firms Reopen African Payment Corridors as Fraud Liability Rules Tighten
Smartcomply, an African compliance and cybersecurity company, has opened operations in the UK and is making its AI-powered anti-money laundering platform, Adhere, available to British payment firms serving African markets.
Tide Crosses 2 Million Members Worldwide – Big Step Forward in Mission to Support and Grow Small Businesses
Tide today announces it has crossed 2 million members globally, with India in particular seeing strong growth
Woodforest National Bank Selects Jack Henry to Power Growth with a Modern, Integrated Platform
Jack Henry® (Nasdaq: JKHY) announced today that Woodforest National, a multi-state bank with more than $9 billion in assets, has selected Jack Henry to support its continued growth, modernization, and long-term digital strategy.
Sircon Compensation Recognized for Helping Carriers Turn Agent Compensation Into a Competitive Advantage
Vertafore®, the leader in insurance technology, today announced that its Sircon® Compensation solution has earned top industry and business honors, with a Gold in the 2026 TITAN Business Awards and finalist designation in the 2026 PropertyCasualty360 Insurance Luminaries Awards.
Saris Raises $28.8 Million to Scale Agentic Workflow Automation for Financial Institutions
Saris, the agentic workflow platform for banks and credit unions, today announced it has raised $28.8 million in Series A financing.
Multimodal and Multilingual Conversational AI Agents in Customer Support
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Speed, Flexibility, Scale: INCAT’s Formula for Building the Next Generation of Digital Banks
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AirPlus International and Kresus Technologies Help European Businesses Regain Control of Their Indirect Purchasing, in Collaboration with Mastercard
AirPlus International and Kresus Technologies, today announce a new partnership, in collaboration with Mastercard, to help European businesses better manage everyday indirect spending.
Neema’s Dynamic Routing® Helps Financial Institutions Cut Payout Costs by Up to 24%
Neema, a leading global cross-border payments platform catering to financial institutions, announced today on its one-year milestone of implementing Dynamic Routing®, that clients using the patent-pending technology have reduced payout costs by up to 24%, increased success rates by up to 18%, and achieved near 100% real time delivery.