Tagged: banking

Canadian Banks Team Up with CanDeal to Provide Comprehensive KYC Solution

CanDeal Group, an operator of Canadian market and infrastructure services, has teamed up with five of Canada’s biggest local banks “to deliver a comprehensive, centralized Know Your Client (KYC) solution to the Capital Markets Industry.” The collaboration mutualizes many of the costs and efforts of… Read More

Digital Bank Volt Fails, Will Return Banking License

Volt, a high-profile digital bank operating in Australia, has taken the extraordinary measure of announcing it will close its business, and return its banking license to regulators. In a post on the digital bank’s website Volt announced: “Volt has made the difficult decision to close… Read More

UK Digital Bank Kroo Obtains Full Banking License

UK-based digital bank Kroo announced that it has been granted its full banking license by the Bank of England. Kroo claims it is only one of two banking institutions to have been awarded a banking license with a personal current account since August 2016. Kroo… Read More

Banque Populaire de Mauritanie to Support Islamic Banking with Azentio’s Latest iMAL Version

Azentio Software, a Singapore-headquartered tech firm owned by funds advised by Apax Partners, announced that Banque Populaire de Mauritanie (BPM), one of the largest financial institutions in Mauritania, has gone live with the R14.5 version of iMAL, Azentio’s Core Banking Platform, “to meet the multiple… Read More

DZ Bank Supports Collaborative Trade Finance with Surecomp’s RIVO

Surecomp recently announced that two financial institutions have subscribed to its newly launched RIVO platform “for collaborative trade finance.” DZ Bank is the first bank “to sign-up, alongside the leading provider of guarantee insurance in the Nordics.” Frankfurt-based DZ BANK – which also acts as… Read More

Glia Acquires Finn AI to Offer Banking Virtual Assistants for Digital Customer Service

Glia, the provider of Digital Customer Service, has acquired Finn AI, the AI-powered chatbot platform for banks and credit unions. The deal aims to mainstream virtual assistants for financial services companies “by making Finn AI’s proven conversational AI solutions an integral part of Glia’s …… Read More

Toqio Embeds tell.money into Platform to Fulfill PSD2 Requirements

Tell.money, the Fintech solution that provides innovative and “rapidly” deployable open banking services for banks and other account providers, has teamed up with Toqio, the Fintech SaaS platform that “enables organizations to build and launch fintech propositions.” Addressing Toqio’s PSD2 (Payment Service Directive Two) requirement… Read More

Frankfurt’s Raisin Bank AG Enters the Payments Business

Frankfurt-based Raisin Bank AG is expanding its business to include payments. To this end, the Banking-as-a-Service (BaaS) provider is “acquiring the payment services division of Bankhaus August Lenz & Co. AG.” With the acquisition, Raisin Bank will “expand its product range by payment services and… Read More

Digital Banking: UK’s Starling Bank Passes 3 Million Account Milestone

Starling Bank has passed the three million current account milestone, which “includes more than 460,000 small business accounts,” according to an update shared with CI. This key milestone comes five years after the digital bank launched its Personal Current Accounts in May 2017, while its… Read More

SaaS Banking Platform Mambu Appoints New Leaders to Support Future Growth

Mambu, the SaaS Cloud banking platform, has reportedly welcomed four new senior hires as it “embarks on the next stage of its ambitious growth.” The Fintech firm has appointed Werner Knoblich as Chief Revenue Officer (CRO), Fernando Zandona as Chief Technology Officer (CTO), Tripp Faix… Read More

Banking Super App Douugh Nears Launch of Financial “Super App” in Australia

Douugh Ltd (ASX: DOU), the financial “Super App” on a mission to help clients spend “mindfully,” save more and build long-term wealth has launched into Beta in Australia. The beta launch, which will last for around 90 days, comes after Douugh acquired the necessary accreditation… Read More

Neobanking Fintech Dave Increases ExtraCash Overdraft Limit to $500, Launches Instant Access

Dave Inc. (NASDAQ: DAVE), a banking app on a mission “to build products that level the financial playing field,” recently announced the rollout of Dave ExtraCash $500 and Instant to eligible new members “with a plan for a full rollout through the summer months.” Dave… Read More

Digital Banking: Minna Bank’s Service Attracts Over 400,000 Accts in First Year of Operation

Minna Bank, Ltd., Japan’s “first” digital bank, has recorded more than 1 million downloads of its mobile banking app and over 400,000 accounts have been “opened in its first year of commercial operations since May 28, 2021.” With the first “full” Cloud core banking system,… Read More

Ashman Receives UK Banking License

Ashman has announced its UK banking license (Authorized with Restrictions or ‘AwR’), which means it has been authorized and regulated “to trade with restrictions by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA).” Ashman, which was founded by real-estate entrepreneurs Ashkin Mittal and… Read More

Banking Infrastructure Provider Episode Six Announces Partnership with Vietnam’s Galaxy FinX

Episode Six, a global payment and banking infrastructure provider, announced a new relationship with Galaxy FinX, Vietnam’s Fintech builder that is “re-shaping” the future of money and banking in the country. The deal “represents two firsts for Episode Six: a partnership in Vietnam as well… Read More

NatWest Introduces QR Code-enabled Payment Requests for Business Banking App

NatWest recently revealed that it’s introducing a QR code-based version of its online payment service PayIt in order to help companies accept faster payments of invoices. Available within the NatWest Business Banking App and using PayIt as the tech backbone, the feature, called PayMe, allows… Read More

US Banking Group Selects Temenos Banking Cloud to Improve its Investment in Midwest Communities

Temenos (SIX: TEMN) announced that TS Banking Group, an Iowa-based banking institution, has selected Temenos Banking Services “delivered on the Temenos Banking Cloud for a complete front-to-back digital transformation.” TS Banking Group will “migrate the entirety of its banking operations to Temenos’ leading open platform… Read More

Starling Bank Updates Spending Insights Tool to Help Clients with Budgeting

Starling Bank has upgraded its Spending Insights tool in order to help consumers with improving their money management skills. Thirty-six new spending categories have been introduced, “giving customers instant access to monthly spending data across each category.” Starling is also rolling out a search capability… Read More

MENA Region’s NymCard, a BaaS Provider, Acquires $22.5M in Funding

NymCard, the MENA-based Banking as-a-Service (BaaS) provider and card issuer, has raised $22.5 million in its latest funding round. This will help NymCard “enable MENA-based Fintechs with the infrastructure required from BIN Sponsorship, Card Issuing, Program Management, Compliance, FX, and Treasury, leverage its over 150+… Read More

Stanchion Payment Solutions Completes HSM Migration for Major Bank in Israel

Stanchion Payment Solutions has completed HSM migration for one of Israel’s top three banking institutions. The bank has reportedly “migrated from ARX hardware security modules (HSMs) to Futurex HSMs.” HSMs power the bank’s secure payments environments “such as managing the cryptographic key exchange for the… Read More

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