Tagged: banking

Switzerland based Banking Solution Provider CREALOGIX Hires Fintech Professional Jordi Perez as Regional MD

Switzerland-based banking solution provider CREALOGIX has reportedy hired Jordi Perez to serve as its Regional Managing Director. Perez is expected to take on the responsibility for CREALOGIX’s business operations in Austria, Germany, and Switzerland. He will be overseeing operations in other Central European countries as… Read More

Hong Kong Virtual Bank ZA Bank Offers Personal Loans For Just 1.99% APR

In a move to boost clients, ZA Bank has launched a personal loan with a fixed rate of 1.99% APR. Additionally, new users can get HKD 400 cash rewards upon successful application at the virtual bank. ZA Bank says the program is part of its… Read More

Mass Affluent Digital Bank Alpian Raises $18 Million

Alpian SA, a digital bank targeting the “mass affluent” has raised a Series B round of $18 million (CHF16.9 million). This latest funding round follows a Series A round in 2020 where Alpian raised CHF12.2 million. Alpian has been incubated by the Swiss banking group… Read More

UK based Mobile Banking Provider Atom Bank Secures £40M via Round led by BBVA, Toscafund Asset Mgmt

UK-based mobile banking platform Atom Bank has revealed that its £40 million raise is being led by Toscafund Asset Management LLP and BBVA. As the bank aims to reach profitability, the £40 million raise includes “an offer to participate for qualifying shareholders in new ‘A’… Read More

Digital Assets: Anchorage GC Georgia Quinn Shares Why Receiving a National Bank Charter is Key

Back in January of this year, Anchorage, a top crypto platform for institutions, announced that the Office of the Comptroller of the Currency (OCC) had conditionally approved  Anchorage Trust Company, a South Dakota chartered trust company, to become Anchorage Digital Bank, National Association. Thus, Anchorage… Read More

NextGen Workforce: Revolut Allows Employees to Work Abroad Two Months Out of the Year

The COVID-19 health crisis compelled many old-school firms to rapidly transition to a virtual office operation. While this may have been painful for firms used to centralized offices many younger firms found the transition relatively simple as they were already digitally native and comfortable with… Read More

LendingClub Bank Supports Paycheck Protection Program Loans

Last month, the US Paycheck Protection Program (PPP) was extended to aid small businesses impacted by the ongoing COVID-19 health crisis. With the program extending, LendingClub Bank says it will support SMEs with access to more PPP loans through its predecessor in interest Radius Bank…. Read More

Tandem Bank Goes Live on Mambu’s SaaS Banking Platform

    Mambu announced on Monday that Tandem Bank is now live on its software-as-a-service (SaaS) banking platform. Mambu reported nearly a year after signing, the implementation was officially finalized, followed by a four-month beta in late 2020 and a full rollout in early February 2021…. Read More

Financial Infrastructure Developer Banking Circle Reveals it’s Now Fully Cloud based, Shares Other Fintech Industry Updates

The team at Banking Circle, a leading financial infrastructure developer, notes that as the first quarter of 2021 comes to an end, anti-money laundering or AML measures have been “a key focus in the industry.” The company writes in a blog post that following the… Read More

Spiral Acquires $14M in Capital and Launches a Banking App for Charitable Causes, and Individuals “Committed to Giving”

Spiral, the banking solution developed specifically for the charitable sector, revealed on April 1, 2021 that it has acquired $14 million in capital via a round led by venture group Team8 along with with participation from Communitas Capital, Phoenix, Nidoco AB, MTVO, and several other … Read More

Walgreens Gets Into Banking, Will Offer Bank Accounts, Debit Cards

Walgreens (NASDAQ:WBA) has revealed an agreement with InComm Payments, a global payments company, to provide financial services options for its customers. The move by Walgreens is part of a broader expansion of Fintech that financial services are offered in a more decentralized manner thus challenging… Read More

Reserve Bank of India Governor: Local Fintech Startups May Compete with to Offer Digital Financial Services

Digital payments in India are being increasingly adopted by businesses and individual consumers. Online lending platforms are also becoming more popular in the country that’s home to around 1.5 billion residents. The Reserve Bank of India (RBI) has introduced several initiatives that are aimed at… Read More

Digital Banking Unicorn Revolut Launches Revolut Business in All 50 US States

Digital banking challenger Revolut confirms that Revolut Business is now live in the United States. Elizabeth McGrath from Revolut writes in a blog post that Revolut Business is available in all 50 US states, as of March 25, 2021. McGrath explains that Revolut Business “gives… Read More

Kraken Claims Over 7 Million Clients Globally, Kraken Bank Execs Share Latest Crypto Industry Insights

US-based crypto-assets firm Kraken asks when was the last time that a banking institution actually put customer requirements, security and “open access to all” first? David Kinitsky, Kraken Bank CEO, has shared reasons why customers require a “customized” banking structure that “modernizes” the products and… Read More

Open Banking May Lead to New Revenue Streams for Financial Service Providers, PaymentComponents Reveals

The team at PaymentComponents, a UK-based firm that’s empowering Open Banking with agile PSD2 and API frameworks (developing solutions for banks, corporates, and developers including BaaS while supporting Fintech payments), notes that Open Banking could translate into additional revenue streams for financial institutions and other… Read More

Avanti Financial Group Raises $37 Million Through Series A; Preps For Digital Asset Bank Launch

    Avanti Financial Group announced on Thursday it secured $37 million through its Series A funding round. The company has notably raised a total of $44 million since its inception and the latest investment round comes less than six months after Caitlin Long, the… Read More

India’s Paytm Payments Bank Approved for @Paytm UPI Handle by SEBI to Enable Seamless Payment Mandates for IPO Applications

Indian digital payments giant Paytm recently confirmed that its pleased to share that Paytm Payments Bank Ltd (PPBL) has been given approval for its @Paytm UPI handle from the Securities and Exchange Board of India (SEBI) to “enable fast and seamless payment mandates for IPO… Read More

Calling All Traditional Banks: Read this Twitter Thread Now to Learn How to Survive

Like many people, I use several traditional banks but also have several digital-only accounts. A combination of necessity and inertia has led me to be a customer of incumbent banks for years. Like many people, I am looking at multiple options in the digital banking… Read More

Revolut Applies for US Bank Charter One Year After Launch in the States

Digital bank Revolut has submitted its application to receive a national bank charter, according to a note from the company. Having launched in the US about one year ago, currently, Revolut offers banking services in partnership with Metropolitan Commercial Bank. Partnering with a chartered bank… Read More

Digital Banking Challenger Monzo Celebrates 1 Year of Monzo Business, Plans to Support International Payments

Monzo, a UK-based digital bank that recently raised £50 million as part of a Series G extension, is celebrating one-year of offering Monzo Business. One year ago, on March 17, 2020, the banking challenger had launched Monzo Business. Since that time, Monzo reveals it has… Read More

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