April 10, 2024 @ 8:18 am By Omar Faridi  |  

Santander (NYSE: SAN) is announcing the launch of a new national, digital offering in the United States under the Openbank brand in the second half of 2024. Openbank will also be launched in Mexico in the same timeframe. Openbank operates with “a technological platform designed… Read More

 Tagged banking, digital bank, latam, mexico, openbank, santander, spain, us

April 10, 2024 @ 8:15 am By Omar Faridi  |  

N26, Europe’s digital bank, announced the launch of Joint Accounts in 21 new markets. Joint Accounts allow N26 customers to “manage both their personal finances as well as finances shared with a partner – all in the N26 app, and at no extra cost.” This… Read More

 Tagged banking, digital bank, europe, germany, n26

April 10, 2024 @ 6:45 am By Tony Zerucha  |  

The American Fintech Council, an industry association representing fintech companies and banks, this week added the Center for Accelerating Financial Equity (CAFE) as their latest strategic partner. Located at the Fintech Innovation Hub by Delaware Tech Park on the University of Delaware campus, CAFE is… Read More

 Tagged accelerator, american fintech council, cafe, Kristen Castell, Phil Goldfeder

April 9, 2024 @ 10:23 pm By Omar Faridi  |  

In Singapore’s dynamic e-commerce landscape, payment cards reign supreme, commanding over 40% of the market share for online transactions in 2023. As consumers increasingly pivot “towards digital channels, the country’s e-commerce market is expected to register a robust 13% growth in 2024 to reach SGD22.3… Read More

 Tagged payments, research, singapore, southeast asia

April 9, 2024 @ 3:17 pm By Omar Faridi  |  

Trumid is reporting the latest March performance and Q1 2024 trading highlights. Trumid, an electronic bond trading platform, has shared its monthly and quarterly activity in a new blog post. Trumid, a financial technology company and fixed income electronic trading platform, reveals its latest trade… Read More

 Tagged digital bond trading, digitalization, trading, trumid

April 9, 2024 @ 2:11 pm By JD Alois  |  

New York-based Adro, a Fintech in the neobanking sector targeting international students etc., is reporting at $1.5 million pre-Seed funding round. According to a statement from the company, the funding round led by Era, with participation from Ex Nihilo Ventures and the Cornell Tech Syndicate…. Read More

 Tagged adro, neobank

April 9, 2024 @ 11:37 am By JD Alois  |  

There has been a decades-long trend of smaller banks getting hoovered up by larger banks in the US. Unlike some other countries, the US has thousands of banks—most of them small. But this has been changing as scale counts, and the need to invest and… Read More

 Tagged banking, morningstar

April 9, 2024 @ 9:11 am By Omar Faridi  |  

The latest Royal Bank of Scotland Report on Jobs survey, compiled by S&P Global signalled a sustained deterioration in permanent staff placements “across Scotland during March. Although the rate of decline eased from the month before, the number of people placed into permanent roles fell… Read More

 Tagged europe, rbs, research, royal bank of scotland, scotland

April 9, 2024 @ 9:09 am By Omar Faridi  |  

Hokodo, Europe’s provider of digital payment terms solutions, has today announced a new €100 million debt facility from Viola Credit, a global credit investment manager focused on supporting the growth of the innovation economy. With this new financing, Hokodo will facilitate “more than €1.5 billion… Read More

 Tagged europe, hokodo

April 8, 2024 @ 10:51 pm By Michael Wong  |  

In the first quarter of 2024, funding for fintech startups saw a 16% decline from the previous quarter, contrasting with an 11% increase in overall venture funding, which reached $58.4 billion, according to the latest CB Insights Q1 2024 State of Venture Report. The fintech… Read More

 Tagged payments, research, vc