Tagged: banking

October 27, 2021 @ 4:53 pm By JD Alois  |  

LendingClub (NYSE:LC) has easily topped analyst estimates reporting net income of $27.2 million or an EPS of $0.26. Top line revenue came in at $246.2 million with total sequential revenue growth of 20% outpacing origination growth of 14%, according to the digital bank. Shares in… Read More

October 27, 2021 @ 8:01 am By Omar Faridi  |  

Amsterdam-based neobanking Fintech Bunq has introduced a domestic currency feature for digital nomads that is available via the firm’s banking app. Bunq clients are able to receive, convert, hold and spend in several different currencies without needing to exit the app. The first currencies that… Read More

October 22, 2021 @ 9:55 am By JD Alois  |  

Neobank Revolut has selected Juan Miguel Guerra as CEO for Mexico as the Fintech moves into a new market. Guerra was previously at RappiPay and is said to have held senior executive roles at Citibanamex and other Fintech firms. Mexico is Revoluts first step into… Read More

October 22, 2021 @ 7:09 am By Omar Faridi  |  

The BBVA Group is launching an all-digital retail banking in Italy, with a “unique” value proposition and customer experience. BBVA is entering the Italian market with free digital banking; “one of the most secure cards in the world – as there are no printed numbers… Read More

October 21, 2021 @ 10:36 pm By Omar Faridi  |  

The team at Fintech firm Ripple is pleased to confirm that UAE-headquartered foreign exchange and worldwide money transfer firm, Al Ansari Exchange has joined RippleNet. Via RippleNet Cloud, which is Ripple’s international Cloud-powered financial network tech, Al Ansari Exchange will be connecting with major money… Read More

October 20, 2021 @ 4:21 pm By Omar Faridi  |  

Glia, a provider of Digital Customer Service, has announced that Liberty Bank has chosen its Digital Customer Service platform. By leveraging Glia’s platform, the bank will be able to digitize its customer service model, “resulting in an easier, more streamlined customer experience as well as… Read More

October 20, 2021 @ 3:37 pm By JD Alois  |  

It is not just Bitcoin that is hitting new highs. LendingClub (NYSE:LC), once a marketplace lending platform and now a nationally chartered bank, has hit another 52 week high. While Bitcoin is up about 4.28% for the day, LendingClub is doing better showing an increase… Read More

October 20, 2021 @ 11:45 am By Omar Faridi  |  

Constellation Digital Partners have introduced a digital service for Farmers Insurance Federal Credit Union (FIGFCU) on the Constellation platform. This launch reportedly includes support for member enrollment and authentication, with Android and iOS application support. The digital service FIGFCU comes with a location finder from… Read More

October 20, 2021 @ 9:05 am By JD Alois  |  

FV Bank, a challenger bank and digital asset custodian, has received a strategic investment from NGC Ventures.  The investment and partnership is expected to help drive FV Bank’s expansion throughout Asia. FV Bank said it raised USD $8 million as part of the funding round,… Read More

October 19, 2021 @ 10:07 pm By Omar Faridi  |  

Asia Digital Bank Ltd. (Labuan Investment Bank), the first recipient of the Digital Banking license issued by Labuan Financial Services Authority in Malaysia and an international digital asset operator, announced a partnership with Bianjie, which is IRISnet’s Core team, and a Cosmos Core Contributor since… Read More

October 19, 2021 @ 1:31 pm By Omar Faridi  |  

Codat, the universal API for small business data that assists software providers and financial institutions with creating integrated products for their SME clients, has announced an integration partnership with the international tech platform Intuit (NASDAQ: INTU). This partnership will aim to bring about “a new… Read More

October 19, 2021 @ 8:51 am By Omar Faridi  |  

FIBR, the connected virtual banking platform, has launched so that it can serve European SMEs, by combining the stability of a bank with the agility and technology of a Fintech service provider. Based in the Netherlands, FIBR is focused on lending to European SMEs. The… Read More

October 18, 2021 @ 10:08 pm By Omar Faridi  |  

Temenos Transact Core Banking will be supporting product innovation and greater scalability and overall efficiency for Pakistan’s virtual payments platform Easypaisa. Telenor Microfinance Bank, which is the operator of Pakistan’s digital payments platform Easypaisa, has officially gone live on Temenos’ Core banking platform with NdcTech… Read More

October 18, 2021 @ 7:13 pm By JD Alois  |  

Zopa, a digital bank that started as a peer-to-peer lender, has raised $300 million (£220 million) in a funding round that reportedly gives the Fintech a $1 billion valuation. The deal is currently in the process of receiving regulatory approvals from UK regulators.  JP Morgan… Read More

October 18, 2021 @ 10:05 am By JD Alois  |  

Digital banking continues to be a hot sector of Fintech as Germany-based N26 has announced a $900 million “record-breaking” funding round at a whopping $9+ billion valuation. The capital infusion was led by Third Point Ventures and Coatue Management, with Dragoneer Investment Group joining as… Read More

October 17, 2021 @ 7:49 pm By JD Alois  |  

RailsPay, an offshoot of Railsbank operating in Australia, has partnered with Parpera to offer its first Banking as a Service (BaaS) product. Parpera is a money management platform for consultations, freelancers, startup founders, and gig-workers. There are an estimated 2.4 million businesses in Australia with… Read More

October 17, 2021 @ 11:55 am By Omar Faridi  |  

Digital banking platform Revolut notes in a blog post that Halloween is soon on its way, however, there’s nothing “spooky” about the work they’ve been doing during October 2021. The Revolut team also mentioned that they’ve performed updates to enhance platform security and reduce your… Read More

October 15, 2021 @ 9:54 am By JD Alois  |  

LendingClub (NYSE:LC), a digital bank and online lending platform, has seen its shares print a new 52 week high as markets rally. LendingClub’s shares once trolled the cellar of value trading under $5. Today, the once-moribund equity, has been reanimated and is now trading at… Read More

October 15, 2021 @ 9:42 am By JD Alois  |  

Goldman Sachs (NYSE:GS) a global investment bank and fast-growing Fintech firm, has reported Q3 financial results and business is good. According to Goldman, during the first nine months of 2021, the company generated net revenues of $46.70 billion along with net earnings of $17.70 billion… Read More

October 14, 2021 @ 11:47 am By Omar Faridi  |  

Cognizant reveals that it has entered an agreement with Alveo to provide a comprehensive Environmental, Social and Governance (ESG) data management solution to the financial services sector. Through the partnership. companies will have the option to operationalize ESG data, integrate it into business processes for… Read More