Tagged: banking

April 25, 2024 @ 10:28 pm By Michael Wong  |  

The Philippine digital banking sector has attracted more than $700 million in investments from both global and local sources since 2021, demonstrating robust investor confidence and a rapidly growing market, according to a statement released by the Digital Bank Association of the Philippines (DiBA PH)…. Read More

April 25, 2024 @ 9:24 am By JD Alois  |  

Anchorage Digital, a federally regulated bank, has announced a new crypto settlement service called Atlas or Anchorage Digital Trusted Liquidity and Settlement. Atlas will be able to settle both US dollars and digital assets and includes OTC settlement, OTC margin/collateral management, and off-exchange settlement.  Anchorage… Read More

April 25, 2024 @ 9:01 am By Omar Faridi  |  

Revolut, the global Fintech with over 8 million UK customers and 40 million globally has today announced it expects to boost its global headcount by 40% in 2024. The announcement comes as Revolut reportedly “reaches 10,000 employees globally and continues to grow its workforce, all… Read More

April 22, 2024 @ 8:59 pm By Omar Faridi  |  

Grasshopper, the digital bank built for the business and innovation economy, announced the launch of a digital application for borrowers to apply directly for Small Business Administration (SBA) loans. Small business owners can now get pre-qualified for “an SBA 7(a) loan in less than 10… Read More

April 22, 2024 @ 12:22 pm By Omar Faridi  |  

Cross River Bank, a provider of technology infrastructure and embedded financial solutions, is proud to present its Annual Social Responsibility Impact Report, showcasing its community impact, giving and philanthropic activities and collective commitment to fostering the greater good. Through strategic partnerships, community collaborations and dedicated… Read More

April 22, 2024 @ 8:20 am By Omar Faridi  |  

UK’s Allica Bank is pleased to share that their firm achieved their first full year of profitability in 2023. Just three years since Allica Bank opened their doors to lending, it makes them one of the fastest fintechs in the UK to do so, the… Read More

April 20, 2024 @ 7:51 am By Omar Faridi  |  

Analysis of pseudonymized and aggregated data from 3.6 million Nubank (NYSE: NU) customers illustrates drivers and barriers along the journey to long-term financial health. Recently, Nubank and Mastercard (NYSE: MA) released findings “from a study measuring the financial inclusion impact on individuals, including some who… Read More

April 19, 2024 @ 9:55 am By Omar Faridi  |  

Mercury, the fintech that is said to be used “over 100,000” startups for banking, announced its expansion into consumer banking with the launch of Mercury Personal, which is described as a powerful personal banking experience designed with the best of today’s technology to help builders… Read More

April 17, 2024 @ 11:00 am By Omar Faridi  |  

Mambu, a cloud banking platform, and Leeds Building Society, the fifth largest building society in the UK, have entered a strategic partnership to help Leeds modernize its core banking system. By using Mambu, underpinned by Amazon Web Services (AWS), Leeds Building Society will have “an… Read More

April 16, 2024 @ 12:49 pm By JD Alois  |  

Lisbon, Portgul-based Bison Bank says it has seen revenues increase by 240% in 2023 when compared to the year prior. Bison Bank is focused on providing a range of Wealth Management, Custody, and Investment Banking services to individual and institutional clients. Affiliated firm, Bison Digital… Read More

April 16, 2024 @ 7:03 am By Omar Faridi  |  

Once a top UK peer-to-peer lender and today a digital bank, Zopa Bank has announced its first full year of profitability. Zopa announced a pre-tax profit of £15.8 million for the financial year ending 31 December 2023, up from a pre-tax loss of £26 million for… Read More

April 13, 2024 @ 1:45 pm By Michael Wong  |  

Alfa-Bank has achieved a significant technological milestone by becoming the first bank in Russia to launch its mobile banking application, Alfa-Online, on the domestic Aurora operating system, now updated to its fifth version. This initiative marks a notable advancement in the integration of Russian-developed technology… Read More

April 12, 2024 @ 8:50 am By Omar Faridi  |  

Digital bank bunq has reported a net profit of €53 million for 2023 as part of its annual report. bunq also revealed that it acquired additional funding of €29 million from its existing backers. This is reportedly part of Bunq’s efforts for expanding business operations… Read More

April 10, 2024 @ 1:54 pm By Omar Faridi  |  

Nubank Ultravioleta, the seamless experience provider for high-income Nubank (NYSE: NU) customers, announces its entry into the travel segment with the pre-launch of its Global Account, in partnership with Wise Platform, which is Wise’s (LSE:WISE) global infrastructure solution for banks and large companies. Starting now,… Read More

April 10, 2024 @ 8:18 am By Omar Faridi  |  

Santander (NYSE: SAN) is announcing the launch of a new national, digital offering in the United States under the Openbank brand in the second half of 2024. Openbank will also be launched in Mexico in the same timeframe. Openbank operates with “a technological platform designed… Read More

April 10, 2024 @ 8:15 am By Omar Faridi  |  

N26, Europe’s digital bank, announced the launch of Joint Accounts in 21 new markets. Joint Accounts allow N26 customers to “manage both their personal finances as well as finances shared with a partner – all in the N26 app, and at no extra cost.” This… Read More

April 9, 2024 @ 11:37 am By JD Alois  |  

There has been a decades-long trend of smaller banks getting hoovered up by larger banks in the US. Unlike some other countries, the US has thousands of banks—most of them small. But this has been changing as scale counts, and the need to invest and… Read More

April 8, 2024 @ 7:07 pm By JD Alois  |  

Finzly, a Fintech that aims to provide banking services for both regulated banks, neobanks, Fintechs, etc., has announced the launch of an embedded banking service. Finzly completed a funding round in late 2023, raising $10.05 million in a Reg D offering. In a public release,… Read More

April 8, 2024 @ 10:27 am By JD Alois  |  

Bluevine, a neobank targeting the SME/Small business sector, is touting its business checking plans that actually generate interest for account balances. Bluevine’s APYs range from 2% to 4.25% – depending on the balance. Also, Bluevine offers FDIC insurance up to $3 million. Broken out by… Read More

April 7, 2024 @ 8:16 pm By Michael Wong  |  

Shinhan Bank, a prominent player in South Korea’s banking sector, is set to enter the digital arena, vying for a license to become the country’s fourth internet-only bank, according to a Korea Herald report. The move positions Shinhan to compete with established digital banks such… Read More