Tagged: baas

October 28, 2022 @ 11:34 am By JD Alois  |  

Mercuryo, a payments Fintech, is boosting its crypto services by integrating with Fireblocks. Fireblocks is a leading digital asset infrastructure firm that powers the transfer, storing, and issuing of digital assets. Serving over 1500 financial institutions, Fireblocks enables exchanges, lending desks, custodians, banks, trading desks,… Read More

October 25, 2022 @ 12:37 pm By Omar Faridi  |  

Intellect Global Transaction Banking (iGTB), the transaction banking and technology specialist from Intellect Design Arena Limited, announced “the launch of Banking-as-a-Service for their global clients.” Traditional commercial banks in the recent past have been “facing increasing competition from various quarters such as neo banks, fintechs… Read More

October 24, 2022 @ 4:06 pm By JD Alois  |  

Biz2X, an offshoot of Biz2Credit – an online small business lender, has announced its new Ascend Edition which aims to provide a better tech stack for banks and other financial services firms that offer online lending. In a release distributed during Money20/20, Biz2X said the… Read More

October 21, 2022 @ 6:34 pm By Omar Faridi  |  

NatWest Group plc has entered into a partnership with the Vodeno Group (comprising of Vodeno Limited and its subsidiaries) which will see the creation of a Banking-as-a-Service (BaaS) business in the UK. This strategic partnership will “enable businesses to embed financial services products such as… Read More

October 20, 2022 @ 7:59 pm By Omar Faridi  |  

ForwardAI, a fintech providing aggregated access to accounting & business data and analysis, announced its partnership with FinTech Automation, a financial technology company that allows fintechs and traditional financial institutions (FIs) to offer various embedded finance and banking-as-a-service products. Through the partnership, FinTech Automation will… Read More

October 10, 2022 @ 9:16 am By JD Alois  |  

BankiFi, a UK-based Fintech offering embedded banking services, has announced a partnership with Axiom Bank to pursue the US SME banking market. Axiom Bank, based in Florida, has its roots as a community-based savings and loan firm that has bigger plans. The two firms are… Read More

October 9, 2022 @ 11:34 pm By Omar Faridi  |  

A new independent survey of more than 2,000 European SMEs has found: 68% plan to adopt real-time payment processing in the next 12 months At present, just 10% of SMEs can receive payments instantly 23% say their international growth has been hindered due to delays… Read More

October 1, 2022 @ 1:41 pm By Omar Faridi  |  

Treasury Prime, a Banking-as-a-Service (BaaS) company, announced a partnership with Bangor Savings Bank in order to deliver its BaaS offerings to the bank and companies it partners “within the financial services industry.” By partnering with Treasury Prime, Bangor Savings Bank will “be able to work… Read More

September 23, 2022 @ 8:27 am By Omar Faridi  |  

Finastra and Visa ( NYSE: V) announced a Banking as a Service (BaaS) collaboration to co-develop new functionality on its Payments Hub solutions and implement Visa Direct – which provides access “to more than two billion accounts through push to account offerings.” The new capability… Read More

September 15, 2022 @ 9:35 pm By Omar Faridi  |  

Wio Bank PJSC announced its official launch in the UAE, “becoming the first platform bank in the region, aiming to transform banking operating models towards a more digital future.” This is in line with the UAE’s Digital Economy Strategy that aims “to double the contribution… Read More

September 13, 2022 @ 3:30 pm By Omar Faridi  |  

Banking-as-a-Service Fintech firm Griffin recently announced the launch of Verify, a customer onboarding product. Verify will help regulated fintechs “onboard customers at scale while meeting regulatory requirements.” Adam Moulson, Griffin’s acting CEO, said: “Our mission is to create a technology-driven bank that we believe will… Read More

September 6, 2022 @ 9:24 pm By Omar Faridi  |  

Indonesia’s “first” public-listed technology company, Bukalapak, and Standard Chartered officially launched BukaTabungan, a digital banking service that “leverages the reach of Bukalapak’s all-commerce platform and the technology of nexus, a Banking-as-a-Service (BaaS) solution powered by Standard Chartered.” This follows from an earlier announcement on their… Read More

September 1, 2022 @ 8:45 am By Omar Faridi  |  

Solid, the Fintech-as-a-service platform that offers modern infrastructure for any company to launch and scale fintech products, announced its $63 million Series B funding round. Led by FTV Capital, a sector-focused growth equity firm with nearly 25 years of experience investing in financial technology, the… Read More

August 26, 2022 @ 5:09 pm By JD Alois  |  

Fintech startup Deposits has raised $5 million in a Seed round led by ATX Venture Partners and joined by Cabal Fund, Lightspeed Venture Partners, and more. Deposits is a Dallas, Texas-based firm that offers a cloud solution for digital services like payments, banking and more…. Read More

August 24, 2022 @ 8:45 am By Omar Faridi  |  

London-based Fintech Unlimint announced the launch of its Banking as a Service (BaaS) product, Unlimint Banking and Cards (UBC),”a one-stop payment accounts and card issuing and processing solution.” The new offering “allows companies globally to launch and embed digital payment products for their customers based… Read More

August 11, 2022 @ 12:47 pm By Omar Faridi  |  

Unit, the banking-as-a-service platform that empowers companies to embed financial services into their products, announced a partnership with Thread Bank, a digital-first bank based in Rogersville, Tennessee. Companies will now be able to “embed a complete set of banking services into their products—including accounts, cards,… Read More

July 16, 2022 @ 4:23 pm By Omar Faridi  |  

Finastra and HSBC (NYSE: HSBC) announced that they are working together “to distribute HSBC’s FX services via Finastra’s FusionFabric.cloud platform under a Banking as a Service (BaaS) experience.” This collaboration will “take advantage of the best elements of modern API-driven connectivity with licensed institutions’ secure,… Read More

July 14, 2022 @ 2:28 pm By Omar Faridi  |  

Monneo, the end-to-end payment ecosystem provider, claims that it’s leading the way for Banking as a Service (BaaS) as it introduces a new API. Monneo’s BaaS partners and customers may take advantage of the complete range of payments and transaction services, and also benefit from… Read More

July 6, 2022 @ 11:17 am By Omar Faridi  |  

BKN301 – a Fintech creating payment services and Banking-as-a-Service (BaaS) solutions – has acquired €15 million via its Series A round. This, after finalizing the first seed round a few months back. The investment round includes key investors and brings the firm’s valuation to €63… Read More

June 24, 2022 @ 8:19 am By Omar Faridi  |  

Frankfurt-based Raisin Bank AG is expanding its business to include payments. To this end, the Banking-as-a-Service (BaaS) provider is “acquiring the payment services division of Bankhaus August Lenz & Co. AG.” With the acquisition, Raisin Bank will “expand its product range by payment services and… Read More