Tagged: banking

January 22, 2022 @ 8:26 am By Omar Faridi  |  

Tide, the UK’s business financial platform, reportedly added 100,000 members in 2021, which represents an increase of 30%, “taking the total number of Tide members to almost 400,000.” Tide is now one of the largest providers of banking services to UK SMEs. 2021 saw a… Read More

January 21, 2022 @ 6:37 pm By Omar Faridi  |  

SaaS banking platform Mambu and an international provider of Cloud payments and financial messaging solutions, Volante Technologies, announced a collaboration to assist banks and lenders with streamlining their banking and payment infrastructures. The partnership should enable joint clients to “speed delivery of innovative payment products… Read More

January 19, 2022 @ 9:10 am By JD Alois  |  

Yesterday, SoFi Technologies (NASDAQ:SOFI) received positive news as the Office of the Comptroller of the Currency (OCC) approved its bank charter license. The conditional approval enables SoFi to operate SoFi Bank as part of its previously announced acquisition of Golden Pacific Bancorp, a regional bank… Read More

January 19, 2022 @ 1:24 am By Omar Faridi  |  

Bank North, a Fintech-enabled bank, which will combine cloud-native tech with the trust of face-to-face relationship banking with the “aim of disrupting the £150bn UK SME lending market,” has secured 114% (£1,552,134) of its £1,350,000 target from 486 investors (at the time of writing) with… Read More

January 18, 2022 @ 11:09 pm By Omar Faridi  |  

Netbank, the banking as a service platform, has introduced a service that allows international payment firms to support various transactions in the Philippines. As mentioned in an update shared with CI, the Philippines has a fast-growing international trade market. Global trade in goods has has… Read More

January 18, 2022 @ 5:52 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC) has conditionally approved  SoFi’s (NASDAQ:SOFI) application to operate a bank. According to the OCC, SoFi Bank National Association (SoFi Bank, N.A.), may operate as a full-service national bank headquartered in Cottonwood Heights, Utah. As part of… Read More

January 18, 2022 @ 10:15 am By Omar Faridi  |  

The team at digital bank Revolut has noted that they hear about exchange rates all the time. The company has commented on what they actually are and why they can be very important. As explained by Revolut, foreign currency exchange rates are a way to… Read More

January 16, 2022 @ 2:17 pm By Omar Faridi  |  

Open Banking is four years old now, however, the team at TrueLayer asks “who’s using it, how is it benefitting consumers and what’s next?” TrueLayer writes in a blog post that the updated Payment Services Directive (PSD2) came into force “on 13 January 2018, introducing… Read More

January 14, 2022 @ 11:41 pm By Omar Faridi  |  

I2C Inc., a provider of virtual payment and banking tech, has reportedly appointed Serena Smith as the firm’s Chief Client Officer. Reporting directly to Amir Wain, Founder and CEO of i2c Inc., Smith will be responsible for overseeing international account management for existing and new… Read More

January 13, 2022 @ 8:27 pm By Omar Faridi  |  

Asia United Bank (AUB), one of the fastest-growing publicly listed universal banks, has teamed up with Wallyt, a virtual banking solution provider, in order to offer a card payment acceptance solution for merchants though a card QR code or link. Wallyt is a Hong Kong-headquartered… Read More

January 12, 2022 @ 6:15 pm By JD Alois  |  

One Zero Digital Bank has been approved for a full banking license. In 2019, the digital bank received a provisional license. According to a report in The Paypers, One Zero is now on par with other banks in Israel as it operations under the approval… Read More

January 12, 2022 @ 10:32 am By Omar Faridi  |  

We recently connected with Ben Waterman, COO and Co-founder, Strabo App, a cloud-based platform that helps you link multiple accounts from around the world in one dashboard. The Strabo App reportedly tracks all the money you own and owe, while providing you with a holistic… Read More

January 10, 2022 @ 4:47 pm By JD Alois  |  

LendingClub (NYSE:LC), a federally chartered digital bank, will share Q4 results and full-year 2021 performance later this month on January 26, 2022. LendingClub now has a complete year of operating as a digital bank following its acquisition of Radius Bank. LendingClub, once an online lender,… Read More

January 10, 2022 @ 3:21 am By Omar Faridi  |  

Solarisbank, a firm that’s focused on creating a world where financial services “seamlessly sync with life,” notes in its Fintech forecast report that 2021 was quite an uncertain period but not as “unprecedented” as 2020. Solarisbank wrote in a blog post that during the past… Read More

January 8, 2022 @ 12:51 pm By Omar Faridi  |  

Itai Damti, CEO at Unit, a financial services company that helps tech firms build financial features into their products (accounts, cards, payments, lending), notes that 2021 was a great year for Unit, thanks to their clients, team, partners, and investors. In the “demanding” day-to-day of… Read More

January 7, 2022 @ 3:15 pm By Omar Faridi  |  

The Bank for International Settlements (BIS) has appointed Raphael Auer as the Head of Innovation Hub Eurosystem Centre. Auer is presently a principal economist in the Innovation and the Digital Economy division of the BIS’s Monetary and Economic Department. He has “contributed extensively to BIS… Read More

January 7, 2022 @ 10:00 am By Omar Faridi  |  

Jack Wilson, ex-FCA advisor and TrueLayer’s Head of Public Policy, notes that he’s responsible for coordinating how the firm “influences” public policy (government and regulators) to ensure the appropriate conditions for the company’s growth across the United Kingdom, European Union, internationally. A lot of the… Read More

January 6, 2022 @ 10:17 pm By Omar Faridi  |  

Bank Negara Malaysia, the nation’s central bank, recently issued the Discussion Paper on Licensing Framework for Digital Insurers and Takaful Operators. As noted by Bank Negara, the Discussion Paper outlines the proposed framework for “licensing new digital insurers and takaful operators (DITOs)” in order to… Read More

January 6, 2022 @ 2:56 pm By JD Alois  |  

LendingClub (NYSE:LC) is exiting the yacht lending sector. While most people were probably unaware that Lendingclub provided loans for boats, the digital bank announced this week that yacht lending will no longer be a part of their business. In a blog post, LendingClub CEO Scott… Read More

January 5, 2022 @ 11:15 pm By Omar Faridi  |  

UK’s digital bank Starling has reportedly launched a new advertising campaign that “encourages small business owners to break free from their incumbent bank.” As mentioned in a release, the campaign, created specifically for Starling Bank by Wonderhood Studios, is the second “under Starling’s new platform… Read More