January 30, 2024 @ 7:45 am By Omar Faridi  |  

bunq, which claims to be the second largest neobank in Europe, reports a net profit of €53.1 million in 2023. A “testament” to bunq’s sustainable business model proven to yield record profits throughout 2023, the challenger will “direct its net profit to propel its global… Read More

 Tagged ali niknam, bunq, digital banking, europe, financial services, virtual bank

January 30, 2024 @ 7:42 am By Omar Faridi  |  

Bitpanda is announcing the launch of Bitpanda Wealth, which is described as the specialized service tailored specifically to meet the unique needs of High-Net-Worth Individuals (HNWIs), Family Offices, External Asset Managers and Corporate Treasuries. Responding to the demands of investors in our current markets in… Read More

 Tagged austria, bitpanda, EU, europe, hnwi, Nicolas Huber, wealth management

January 30, 2024 @ 6:26 am By Omar Faridi  |  

SoFi (NASDAQ: SOFI), the digital personal finance company, announced that SoFi Invest members will now be able to invest in select alternative investment funds, mutual funds, and money market funds. With the launch of alternative investments, SoFi is granting everyday investors “access to the power… Read More

 Tagged mutual funds, sofi, sofi invest

January 29, 2024 @ 10:12 pm By Omar Faridi  |  

CaixaBank extended the coverage of its financial services network in 2022 and 2023 to a total of 484 new towns in rural areas where the bank previously had no presence. These service points have been “incorporated through the arrival of new mobile branches and the… Read More

 Tagged banking, CaixaBank, digital bank, digital banking, EU, europe

January 29, 2024 @ 8:13 pm By Omar Faridi  |  

Tonik Digital Bank Inc. (TDB), the digital bank in the Philippines, announced a significant leadership transition. Long Pineda, President of TDB, will be retiring from her executive role and will “assume the position of non-executive Chairman of the Board of Directors of TDB.” In her… Read More

 Tagged digital bank, greg krasnov, long pineda, new appointments, Philippines, southeast asia, tdb, tonik, virtual banking

January 29, 2024 @ 8:12 pm By Omar Faridi  |  

Construction activity and a strong job market have helped South Australia ascend to the top of the economic performance leaderboard, according to CommSec’s quarterly State of the States report. This is the first time South Australia has reportedly “ranked No.1 in the report’s 15-year history.”… Read More

 Tagged australia, commsec, Digital Economy, economic report, insights, research, Research Report

January 29, 2024 @ 8:11 pm By JD Alois  |  

SoFi (NASDAQ:SOFI), a regulated digital bank that provides many different financial services, reported Q4 financial results today and Wall Street likes them. SoFi became a public company via a SPAC deal. Currently, shares in SoFi closed over 20% higher on the news now trading over… Read More

 Tagged anthony noto, banking, digital banking, sofi

January 29, 2024 @ 3:48 pm By Omar Faridi  |  

Corpay, a FLEETCOR brand and global firm focused on business payments, announced the launch of Corpay Complete, a spend management platform for corporate payments and spending. The first-of-its-kind payment solution is now “available to new customers in the United States and Canada and to eligible… Read More

 Tagged business payments, corpay, corpay complete, corporate payments, fleetcor, spend management, spending

January 29, 2024 @ 3:14 pm By JD Alois  |  

NatWest is planning to close 30 more bank branches in 2024, according to a report by GBNews. This most recent revelation of branch closures just adds to the dozens of closures that have taken place in recent months. The report lists the locations of the… Read More

 Tagged banking, digital banking, natwest, uk, united kingdom

January 29, 2024 @ 12:42 pm By Omar Faridi  |  

Despite it being more than 60 years old, it is thought that around 70% of large corporations – including those in the government, banking, finance, insurance, and automotive industries – still rely on the programming language COBOL for much of their mission critical work. Anne… Read More

 Tagged anne willem de vries, cobol, innovation, payments, perspective, silverflow