Search Results for: digital banking

September 18, 2024 @ 10:25 am By Omar Faridi  |  

Digital banking provider Tyfone announced Bank3 selected its nFinia Digital Banking platform to provide commercial and retail account holders a more intuitive and engaging experience, while also streamlining and automating back-office processes. The bank’s future growth initiatives are focused “on a wide range of commercial… Read More

September 14, 2024 @ 4:52 pm By Omar Faridi  |  

Ultravioleta, Nubank’s (NYSE: NU) high-income customer experience, launches today a series of Bank Deposit Certificates (CDBs, from the acronym in Portuguese) with more competitive yield rates than those already available in the app. According to the website, Ultraviliot card cashback may grow at twice the… Read More

August 29, 2024 @ 10:13 am By Omar Faridi  |  

During the first half of the year, CaixaBank expanded its mobile offices services to guarantee the financial inclusion to reach a total of 804 towns, “amounting to a 27% increase compared to the number of towns reached by the financial institution’s mobile offices service in… Read More

August 26, 2024 @ 7:10 pm By Omar Faridi  |  

Nubank (NYSE: NU) has finalized negotiations for seven new agreements to expand the offering of NuConsignado, its 100% digital payroll loan service. The new contracts include the three branches of “the Brazilian Armed Forces—the Brazilian Air Force, Navy, and Army—as well as the municipalities of… Read More

August 25, 2024 @ 7:53 pm By Michael Wong  |  

A significant majority of consumers, 78%, in India now prefer to conduct their banking digitally through mobile apps or websites, according to a recent report by Alkami Technology. This shift underscores the broader move towards cashless transactions and contactless payments, trends that have accelerated significantly… Read More

August 23, 2024 @ 8:28 am By Omar Faridi  |  

Apiture, a provider of digital banking solutions, announced that Surety Bank, a Florida-based community bank with customers nationally, has selected the Apiture Digital Banking Platform to power online and mobile banking for its commercial and retail customers. Surety Bank sought a new digital banking partner… Read More

August 19, 2024 @ 4:06 pm By Omar Faridi  |  

Metallicus, the developer of The Digital Banking Network, a blockchain-based payments network built to meet regulatory standards globally, is pleased to announce the launch of its flagship consumer app, Metal Pay, in Australia. This expansion marks a significant milestone in Metallicus’ mission “to support the… Read More

August 19, 2024 @ 9:49 am By Omar Faridi  |  

Standing as the number one business priority for Nu in 2024, Mexico has proven to be a savvy choice in the company’s international expansion strategy: one year after the launch of Cuenta, the company has already surpassed 8 million customers in the country and $3.3… Read More

August 15, 2024 @ 6:16 am By Omar Faridi  |  

C6 Bank, a Brazilian bank whose partner is JPMorgan Chase, reported a net profit of R$969 million between January and June 2024. The bank’s first half-year profit, the result is being attributed to the ongoing work to expand revenues, control costs and stabilize “provisions for… Read More

August 9, 2024 @ 9:18 am By JD Alois  |  

Clear Bank has earned a Credit Institution Licence from the European Central Bank under the supervision of De Nederlandsche Bank. The license allows Clear Bank to operate across Europe. ClearBank is authorized in the UK by the Prudential Regulation Authority (PRA) and regulated by the Financial… Read More

August 9, 2024 @ 8:47 am By Omar Faridi  |  

CaixaBank has mobilized a total of €67.16 billion in sustainable finance according to data at the end of June 2024. This figure means having surpassed “the objective of the bank’s Sustainable Banking Plan, included in the 2022-2024 Strategic Plan, six months before the end of… Read More

August 8, 2024 @ 1:22 pm By Omar Faridi  |  

NCR Voyix Corporation (NYSE: VYX), a global provider of digital commerce solutions, and Veritas Capital, an investor at the intersection of technology and government, announced the signing of a definitive agreement under which an affiliate of Veritas has agreed “to acquire NCR Voyix’s cloud-based digital… Read More

August 7, 2024 @ 8:20 am By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be the largest digital banking platform outside of Asia, announces the appointment of Tyler Horn as Chief Credit Officer (CCO), effective August 2024. With extensive experience in credit risk management within the financial services industry, Tyler will be “responsible… Read More

August 3, 2024 @ 8:05 am By Michael Wong  |  

Grab-led GX Bank Berhad (GXBank) announced its plan to invest MYR 1.5 billion ($333 million) into Malaysia over the next five years, including the launch of the GX Untuk Semua initiative. In a statement, GXBank emphasized that the initiative aligns with its enduring commitment to… Read More

July 27, 2024 @ 1:00 pm By Michael Wong  |  

The central bank of the Philippines will resume accepting applications for digital banking licenses after a three-year moratorium, signaling a significant expansion in the burgeoning sector. Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said the number of available slots for new entrants will… Read More

July 6, 2024 @ 2:05 pm By Omar Faridi  |  

Iress and Atom bank recently revealed that they have entered a new five-year contract for Iress’s MSO software, to be offered as a cloud-powered managed service. Atom bank has reportedly been an Iress MSO client since 2016. As an original seed client, Atom bank has… Read More

June 19, 2024 @ 5:21 pm By Omar Faridi  |  

Brex, the all-in-one financial stack, launched new digital banking products and a number of updates to its flagship business account, giving founders access to capital where and when they need it. This launch makes Brex the “only” spend management platform “to marry corporate cards, expense… Read More

June 18, 2024 @ 5:26 pm By Omar Faridi  |  

ZA Bank announced the launch of StockBack, a stock rebate program that allows users to get a free draw of various US stocks after each successful stock purchase transaction. The move sets a precedent in the local banking industry “where users can get ‘stockback’ from… Read More

June 5, 2024 @ 10:05 am By Omar Faridi  |  

HPS (CSE: HPS), a global provider of payment software and solutions, is pleased to announce that it has agreed to acquire CR2, a digital banking and payments software company headquartered in Dublin, Ireland. This strategic transaction underscores HPS’s commitment “to enhancing its digital banking and… Read More

June 4, 2024 @ 8:45 pm By Omar Faridi  |  

Spiral, the Impact-as-a-Service platform for financial institutions, announced a partnership with Fidelity Bank, a Louisiana-based bank with a mission to transform the way nonprofits bank and give back to its community. Fidelity Bank’s partnership with Spiral will aim to “redefine its digital banking experience by… Read More