Tagged: banking

Backbase Joins Forces With Mambu to Deliver End-to-End Integrated SaaS Banking Solution

Fintech

Backbase, an omni-channel banking solution provider, announced on Thursday it has formed a new partnership with cloud-banking platform Mambu to create an end-to-end integrated SaaS banking solution. According to Backbase, the combined offering provides financial institutions with a fully integrated end-to-end cloud-native digital banking solution… Read More

Starling Bank Raises £40 Million From Existing Investors, Total Raised for the Year Stands at £100 Million

Digital bank Starling bank has raised £40 million from existing investors according to a note from the Fintech. Starling said the funding was led by JTC and Merian Chrysalis Investment Company Limited. Anne Boden, founder and chief executive of Starling Bank, commented on the news: “This… Read More

LendingClub Adds COVID-19 Help Center for Members, Adds New Services for Challenging Economic Environment

  LendingClub (NYSE:LC), an online lending marketplace and emerging digital bank, has announced the launch of the “Member Center,” a centralized location for users to find assistance and support to better manage their financial lives during the COVID-19 crisis. Early one, when the Coronavirus first… Read More

Germany based Digital Bank N26 Publishes Survey Results Including US and European Markets

N26, a Germany-based digital bank that recently closed on $100 million funding as part of an extended Series D, is distributing survey results regarding the US and European markets. Not too long ago, N26 made the decision to exit the highly competitive UK digital banking… Read More

Consultancy Kearney Says a Quarter of All Bank Branches to Close in Europe in Next 3 Years, an Increase in an Ongoing Trend

Global consulting group Kearney has distributed a report predicting that 1 in 4 European bank branches will close in the next three yeas as the shift away from brick and mortar bank branches ups the pace. Kearney states the obvious that new customer habits, boosted… Read More

Bank App Utilization Up, Bank Branch Utilization Down. Will We Ever Go Back?

  Do we need bank branches? No, not really, because old habits can be difficult to break. But the ongoing pandemic is accelerating a digital transformation that was already in play. Fintechs, or Fintech in general, is a big winner in this transformation as populations… Read More

ZYNLO Launches Digital-Only Banking Services in Anchorage, Alaska

ZYNLO Bank (ZYNLO), a digital-only startup powered by PeoplesBank, has launched its banking service in Anchorage, Alaska. Founded earlier this year, ZYNLO describes itself as a digital-only bank designed to make banking just a bit easier for all consumers. “We believe we offer the ideal combination… Read More

Standard Chartered’s Sustainable Deposit Product Surpasses $2 Billion Mark

Standard Chartered, a UK-based multinational banking and financial services company with $688 billion in assets, recently announced its sustainable deposit product has surpassed the $2 billion mark. The milestone also includes a significant deposit from the French integrated electricity company, EDF. Standard Chartered claims that… Read More

Monzo Founder Tom Blomfield Steps Aside as CEO as US CEO TS Anil Takes Over

Monzo founder Tom Blomfield has exited the CEO role at the digital bank and will now become President of the company according to multiple reports. The current US CEO TS Anil is said to become the new “UK Bank CEO” according to Techcrunch. Anil is… Read More

SME Lender B-North Signs Up Regtech Platform TruNarrative

SME lender B-North has enlisted Regtech platform TruNarrative to provide onboarding and compliance technology, according to a company release. Reportedly, the move comes ahead of authorization by the FCA and PRA. Ahead of authorization from the FCA and PRA, B-North is set to procure TruNarrative’s… Read More

Nordea Joins Forces With Tink to Enable Multi-Banking For Mobile App Customers

Tink, a Sweden-based fintech that provides APIs to create next-generation banking services, announced on Friday it has joined forces with Nordic banking group Nordea to enable multiple banking for mobile app customers According to Tink, the integration will deliver a personalized financial overview for the… Read More

Penta Makes Digital Banking Services to Freelancers

Digital bank Penta announced on Wednesday its services are now available to Freelancers. The company reported it now supports all types of businesses and legal forms. As previously reported, Penta describes itself as a digital platform for business banking that is aimed towards SMEs and… Read More

Bitcoin Suisse Looks to Raise Funding at CHF 275 Million Pre-Money Valuation, Reports Commitments of CHF 20 Million

Bitcoin Suisse has announced a Series A funding round at a pre-money valuation of CHF 275 Million (~USD $ 283 million). The company reports commitments of around CHF 20 million from “friends and family.” The funding round is being led by Roger Studer, a Swiss… Read More

Starling Bank Approved as Bounce Back Loan Provider

Leading digital bank Starling Bank has been accredited as a Bounce Back Loan provider by the British Business Bank. The approval of Starling Bank was anticipated by the Fintech and the bank now joins the original list of traditional financial services firms providing the loans…. Read More

Video Banking Services are Becoming Popular, Following COVID-19 Outbreak and Newly Adopted Social Distancing Measures

Video banking has become increasingly popular during the past few years. It’s quite possible that it will be adopted by even more consumers, due to the Coronavirus (COVID-19) outbreak, which has led to many people practicing social distancing. A recent report from research firm Retail… Read More

API Banking Platform Treasury Prime Secures $9 Million Through Series A Funding Round

Treasury Prime, a U.S.-based API banking platform, announced on Tuesday it secured $9 million through its Series A funding round, which was led by Amias Gerety of QED Investors with participation by Jason Lemkin of SaaStr and Hans Morris of NYCA Partners. The company revealed… Read More

Small Businesses in Emerging Markets Need Alternative Financing Options

Small and medium-sized enterprises (SMEs) contribute substantially to the global economy. They now make up 90% of businesses and 50% of employment worldwide. In emerging markets, SMEs are propelling development by introducing new products, processes, and competition. Although it is difficult to gather and track… Read More

Revolut Takes Next Step in Becoming Full-Fledged Bank with Launch in Lithuania

Revolut, a digital bank with 12 million users worldwide, is taking the next step in becoming a true bank by utilizing its European bank license in Lithuania. Previously, Revolut has been offering most services with an e-Money license. Revolut said it intends to passport its… Read More

Revolut & Chime: Two Digital Bank Founders Talk About Building the Bank of the Future

Last week, FT Partners, a Fintech focused investment bank, held a Zoom presentation where more than 5,000 individuals registered to attend. The interest in the presentation was, of course, driven by the speakers: Nik Storonsky, founder and CEO of Revolut and Chris Britt, founder and… Read More

Royal Bank of Scotland Shuts Down Mobile App Bank Bó Six Months After Launching to the Public

Royal Bank of Scotland (RBS) has reportedly shut down its mobile-app banking group Bó just six months after launching to the public. Bó is described as a small business with big ambitions. “We’re an app, a card, but most importantly a small change in your… Read More

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