Afin Bank Limited’s Post

If you want to know how easy it is to build a new bank (plot spoiler, it's not!) then this discussion with Jason Oakley of Afin Bank Limited and Vacuumlabs is a fascinating watch.

Did you know that around 1.5 million people that make up the African diaspora in the UK struggle to access traditional financial services? Afin Bank Limited Bank aims to change that.🌍 ✅ As we promised, here’s our interview with Jason Oakley, CEO of Afin Bank Limited Bank, which we conducted back in September. In this conversation, Jason shares more about: - Unique services Afin Bank provides for the African diaspora living in the UK, - Behind-the-scenes look at the development of their digital platform, - The bank’s vision for the future, - The collaboration with Vacuumlabs and using Thought Machine’s Vault, and more… ➡️ Watch the full interview (link in the comments) to see how Afin Bank is bringing real change to the banking world. Update: This interview was recorded on September 26th and Afin Bank was granted its banking license with Authorisation with Restrictions (AwR) in the meantime. #Afinbank #FutureOfBanking #Vacuumlabs

In a recent interview with nozare.lv, Signet Bank CEO and Chairman of the Council of Magnetiq Bank, Roberts Idelsons, confirmed that both Banks - Signet Bank and Magnetiq Bank - would continue to operate as separate entities, each focusing on its distinct business models.   Magnetiq Bank targets #FinTech companies serving small and medium-sized enterprises, while Signet Bank specializes in corporate and investment banking. This strategic approach allows both banks to advance dynamically without the complexities of merging diverse operations.   "Magnetiq Bank is currently in its early stages of development. While the bank already has its client base, we see significant growth potential. Our goal is to attract clients not only from the Baltics, as we do now, but also from other European countries in the future. Our ambition is to become a bank that exports financial services," said Roberts Idelsons.   You are welcome to read more (article in Latvian): https://lnkd.in/dnuDmdCa

What incredible days at Money20/20 in #Amsterdam! A huge thank you to everyone who made this event possible and to all the amazing people who visited #Veritran's booth. Your enthusiasm and insights have been truly inspiring. We look forward to continuing these conversations and working together to push the future of banking even further. Here's a summary of how amazing these past days have been 👇 Until next time! 🚀 Curious about what is next? Stay tuned for more #banking innovations. #Money2020 #Fintech #Innovation #FutureOfBanking

The Euro Banking Association (EBA) and Finextra look forward to welcoming top executives to #EBAday in #Lisbon. The agenda is live! Hear from some of the industry’s top authorities on specialist and topical subjects that affect your business. Some of the sessions included are: ▪  Digital Money, Digital Assets, Digital Identity: The Future of Banking ▪ Removing friction in international cross-border payments ▪  New approaches to fraud management ▪  “The future of payments: digital, instant, profitable?” featuring speakers from Deutsche Bank and J.P. Morgan. ▪  “Navigating the transformation journey of banks” with speakers from BNP Paribas and Citi. Find out more about the agenda - https://lnkd.in/dsXRgg5 To secure your spot at EBAday 2024, register today - https://lnkd.in/d_E5Hvi #eba_association #finextra #CBDCs #crossborderpayments #BaaS #realtimepayments #openfinance #identity #fraud #fraudmanagement #liquiditymanagement #cashmanagement #fintech #regulation #intantpayments #paymentsasaservice #requesttopay #banks #networking #fintech #digitalmoney #digitalassets #transactionbanking #futureofpayments

Phil Goldfeder has been a good friend of Travillian’s for a while now. My colleague Keith Daly was proud to showcase him on this episode, talking about what he’s working on as CEO of the American Fintech Council. Topics Discussed: 🔏 Regulation 💡 Innovation and Financial Future ✅ Compliance 🤝 Collaboration Between Fintechs and Community Banks #banking #fintech

The future of #banking #technology is transforming as we speak! 🔑 One of the keywords everyone is talking about: Generative AI 🤖, which could significantly boost productivity and revenue for banks. Additionally, the integration of blockchain in cross-border payments promises enhanced speed, cost efficiency, and transparency. These innovations are expected to redefine banking operations and customer experiences. IBS Intelligence's event on NextGen Core & Digital Banking will host senior #bankers discussing these very topics. Register NOW! 👇 | Don't miss out!!

With a new administration taking office in January, the U.S. has a unique chance to reimagine banking regulation—balancing innovation with system stability. 👏 Carey Ransom, president of Operate and managing director of BankTech Ventures, explores why small banks—which make up the majority of U.S. financial institutions—are ideally positioned to serve as innovation laborites within the regulated banking system. Their deep community relations and local presence, make them the perfect testing grounds for new financial products. The surge in fintech partnerships and non-bank credit funds demonstrates the strong market demand for financial innovation. Rather than forcing this innovation into less regulated spaces, Ransom suggests we could channel it through the existing network of community banks—combining the security of regulated banking with the dynamism of financial innovation. Want to read more about Ransom’s insights and his vision for a new regulatory approach? Catch the full article here: https://lnkd.in/gw6tyNwT #FintechNews #Fintech #Banking #Banktech #BankingInnovation #CommunityBanks #FinancialRegulation #Innovation

Through the collaboration of experts in fintech, our second coalition aims to strengthen the UK’s financial security by combatting economic crime.  💬 Our CEO, Ezechi Britton MBE, discusses the importance of partnering with leading companies in the sector, such as Dun & Bradstreet, Equifax, Innovate Finance, Konfir, KPMG US, LexisNexis Risk Solutions UK & IRL - Financial Services and Businesses, Mistho, Moneyhub, Monzo Bank, NatWest Group, NayaOne, obconnect, OIX - Open Identity Exchange, and Oliver Wyman, to address this critical issue below.   #EconomicCrime #FraudPrevention #FinancialSecurity #UKFintech #CFIT

London-based fintech firm ClearBank has received a Dutch banking license, marking its entry into the European Union market. This move follows ClearBank's ongoing efforts to grow internationally, including the recent appointment of a UK CEO to oversee its domestic and global expansion. With approval from the European Central Bank and De Nederlandsche Bank, ClearBank is set to launch its European operations. Charles McManus, CEO of ClearBank, expressed excitement about the expansion, highlighting it as a key step in their global growth strategy. He emphasized the company’s success in a competitive fintech environment and its intention to adapt its services to meet the unique needs of European institutions Read the full news article at: https://lnkd.in/gGckt7gZ CXOtv news | Techplus Media | Techplus IT Channel Kalpana Singhal | ANUJ SINGHAL (Andy) | #Fintech #ClearBank #BankingLicense #EuropeanExpansion #TechGrowth #RegulatoryCompliance #DigitalBanking #EUHeadquarters #Amsterdam #GlobalExpansion #BusinessGrowth #FinancialServices #Innovation #USExpansion #ProfitReport