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The Paypers looked into the most relevant investments that were announced during Q3 2023 and discovered an overall preference for digital banking, fintech solutions, lending, and fraud prevention strategies.
investment, funding, expansion, payments , banks, ecommerce, The Paypers Quarterly Analysis series
UK-based Cynergy Bank has received a GBP 20 million Tier 2 capital facility from British Business Investments to be used across Cynergy Bank and Cynergy Business Finance.
SMEs, SME lending, funding, digital banking, COVID-19
UK-based Cynergy Bank has announced that it is partnering with Google Cloud and Wipro to provide a different digital banking model – a digital relationship bank.
Cynergy Bank, Google Cloud, Wipro Limited, partnership, digital banking, digital relationship, lending, SMEs
Cynergy Bank has applied for a GBP 10 mln grant from Pool B of the Banking Competition Remedies (BCR).
Cynergy Bank, UK, fintech, challenger bank, digital bank, Banking Competition Remedies, banking, payments
British Business Bank, lending, finance, Coronavirus Business Interruption Loan Scheme, CBILS, The Co-operative Bank, Cynergy Bank, OakNorth Bank, Starling Bank, SMEs, loans, deferred revenues, cashflow, overdrafts, invoice finance, asset finance, coronavirus, COVID-19