Tagged: banking as a service

Digital Banking: Luvleen Sidhu, CEO at BankMobile, Claims Online Banks Might be Even Safer than Physical Branches

Luvleen Sidhu, Co-Founder and CEO at BankMobile, an established US-based digital banking platform, reveals that she was only 28-years-old when she had launched BankMobile Technologies, which will be acquired by Megalith Financial Acquisition Corporation (NYSE:MFAC) (as reported in August 2020). In only six years, the… Read More

UK Banking as a Service Provider Griffin Secures £6.5 Million Through Latest Investment Round Led By EQT Ventures

Griffin, a UK-based banking as a service (BaaS) provider, announced on Monday it secured £6.5 million through its latest investment round led by EQT Ventures with participation  Seedcamp, Tribe Capital, Paul Forster (co-founder Indeed.com), Matt Robinson (co-founder Go-Cardless/Nested), and Carlos Gonzalez-Cadenas (Partner at Index Ventures, former… Read More

Brazil-Based Card Issuing & Banking-As-A-Service Software Platform Conductor Raises $150 Million Through Latest Investment Round Led By Viking Global Investors

Conductor, a Brazil-based card issuing and banking-as-a-service software platform, announced on Monday it secured $150 million through its latest investment, which is led by Viking Global Investors, with additional participation from investors, including Advent International’s affiliate, Sunley House Capital. Conductor describes itself as a technology… Read More

API-Led Banking-as-a-Service Provider OpenPayd Launches FX-as-a-Service Product “InstantFX”

OpenPayd, a UK-based API-led banking-as-a-Service provider, announced on Tuesday the launch of its new FX-as-a-Service product, InstantFX. According to OpenPayd, InstantFX provides clients with real-time trading. “Our unique platform provides the FX experience of the future, delivered via a world-class API built by developers, for… Read More

India’s Tata Consultancy Services Partners Australian Neobank Volt to Power New Banking as a Service Platform

Tata Consultancy Services (TCS), an Indian multinational IT services and consulting firm based in Mumbai, has reportedly partnered with Australian neobank Volt. Both companies will work together to power Volt 2.0, which is the digital bank’s new Banking as a Service (BaaS) platform. Volt 2.0… Read More

Currencycloud and Tribe Payments Collaborate on Banking as a Service Product

Currencycloud and Tribe Payments are partnering on a new “Banking-as-a-Service” solution for Fintechs and digital banks, according to a note from the company. Currencycloud is a global, multi-currency account provider where customers are able to collect, convert, pay, and manage multiple currencies, anywhere in the… Read More

New York Stock Exchange listed Firm MFAC to Acquire Neobank BankMobile, a Subsidiary of Customers Bank

Customers Bank, which offers personal and business banking solutions, including checking, money markets, savings, mortgages, loans, and cash management, has reportedly agreed to sell its BankMobile Technologies division to Megalith Financial Acquisition Corporation (NYSE:MFAC). BankMobile Technologies is an established US-based digital banking platform. Meanwhile, MFAC… Read More

Fintech Sector can Expect Apps with Better Customer Experience, Improved UI and UX for Online Payments, Wolfpack Digital Predicts

Wolfpack Digital from Transylvania notes that we’re halfway through 2020 and the economic impact of the COVID-19 outbreak has been felt and observed across different businesses and industries. The pandemic has also led to significant changes in consumer behavior, as more people are using digital… Read More

German Banking Platform solarisBank Secures €60 Million Through Series C Funding Round Led By HV Holtzbrinck Ventures

Germany-based banking as a service platform solarisBank announced on Tuesday it secured €60 million through series C investment round, which was led by HV Holtzbrinck Ventures with participation from Vulcan Capital, Samsung Catalyst Fund and Storm Ventures.  Founded in 2016, solarisBank claims to be the… Read More

API-first Banking as a Service Provider OpenPayd Enables SEPA Digital Payment Scheme for Fintech Service Providers

OpenPayd, an established API-based banking-as-a-service (BaaS) provider, has upgraded its payments functionality and capabilities by enabling direct access to the SEPA (Single Euro Payments Area) payment scheme. The integration will allow OpenPayd’s business clients, which mainly includes online or digital marketplaces, merchant acquirers and other… Read More

Banking as a Service: Goldman Sachs Sizes Up Cloud based Financial Services for Fintechs & Other Banks

Marcus by Goldman Sachs (NYSE:GS), a digital bank serving customers in the US and UK, is expected to play a significant role in the future of the world’s most successful investment bank. During the recent Investor Day, Goldman outlined its vision for both corporate and… Read More

Banking as a Service Provider Bankable Forms Partnership with Visa

Targeting global growth, Bankable, a “Banking as a Service” provider, has formed a partnership with Visa, according to a company release. Bankable said it seeks to provide Visa’s U.S. clients, including corporate customers, access to its real-time and modular banking solutions. Bankable says this will… Read More

Artificial Intelligence Became Increasingly Important Among Fintech Firms, According to IT Company Fininbox

Fininbox, an established banking software-as-a-service (SaaS) provider, has identified three main Fintech trends or developments that helped shape the financial technology industry last year. According to Fininbox, the three trends are: artificial intelligence (AI) became increasingly important among Fintech firms, a large number of traditional… Read More

FCA Regulated E-money Institution Financial House Partners ONPEX to Enable Cross-Border Banking Services

Financial Conduct Authority (FCA) regulated e-money institution (EMI), Financial House, has teamed up with ONPEX, an established provider of multi-currency IBAN accounts. The partnership is aimed at enabling the EMI to provide international transaction banking services to its client base. UK-headquartered Financial House offers software-as-a-service… Read More

KBC Bank Wants Non-Customers to Use its Mobile App to Access Third-Party Non-Banking Services

Brussels-based KBC Bank will be opening its mobile banking app to the general public beyond its existing client base, in order to provide access to several third-party non-banking services. KBC intends to focus on expanding its banking-as-a-service model by offering non-customers a wide range of… Read More

Open Financial Technologies and MEDICI Release Banking-as-a-Service Report at Singapore Fintech Festival

Open Financial Technologies Pvt Ltd, Asia’s first neobank for small and medium enterprises (SMEs) and startups, and MEDICI Global Inc, a Fintech research and innovation advisory company, have unveiled an extensive report on Banking-as-a-Service (BaaS) at the Singapore FinTech Festival. According to a release, the… Read More

Two New CEOs Appointed at Deutsche Handelsbank as Bank Focuses on Fintech, SMEs

Deutsche Handelsbank has appointed two co-CEOs. Deutsche Handelsbank is an interesting institution that is focused on Fintech. Originally launched as a payment transaction service provider, today the bank provides SME loans, including factoring, as well as savings accounts. On top of this, Deutsche Handelsbank provides… Read More

Banking As A Service Platform Bankable Announces New Partnership With Visa to Accelerate Digital Banking Solutions

Bankable, a UK-based banking as a service platform, announced on Tuesday it has formed a new partnership with credit card giant Visa to accelerate digital banking solutions. Founded in 2010, Bankable describes itself as a global architect of innovative payment solutions providing Banking as a… Read More

BBVA Debuts BaaS platform in the U.S.

BBVA announced on Tuesday it is now offering a full suite of Banking as a Service (BaaS) products in the U.S. through its BBVA Open Platform program. BBVA reported that its Open Platform initiative enables third parties to easily integrate payments and complementary banking services… Read More

Starling Bank Expands White Label “Banking as a Service” and Payment Service Offer

Digital only challenger bank Starling is expanding its “Banking-as-a-Service” and Payment Services offer. These are two white label banking services offered in the UK allowing other entities to provide retail banking services and make payments. Current  clients include Ditto, Raisin UK, and the Department for Work… Read More

Send this to a friend