Tagged: banking

June 29, 2022 @ 8:14 pm By Omar Faridi  |  

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

June 29, 2022 @ 11:35 am By JD Alois  |  

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

June 29, 2022 @ 5:27 am By Omar Faridi  |  

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

June 29, 2022 @ 12:46 am By Omar Faridi  |  

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

June 26, 2022 @ 11:01 pm By Omar Faridi  |  

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

June 26, 2022 @ 3:15 pm By Omar Faridi  |  

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

June 24, 2022 @ 2:37 pm By Omar Faridi  |  

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

June 24, 2022 @ 8:19 am By Omar Faridi  |  

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

June 23, 2022 @ 1:27 pm By Omar Faridi  |  

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

June 23, 2022 @ 8:05 am By Omar Faridi  |  

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

June 22, 2022 @ 11:40 pm By Omar Faridi  |  

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

June 20, 2022 @ 4:45 pm By Omar Faridi  |  

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

June 18, 2022 @ 3:08 pm By Omar Faridi  |  

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

June 17, 2022 @ 3:36 pm By Omar Faridi  |  

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

June 17, 2022 @ 6:53 am By Omar Faridi  |  

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

June 16, 2022 @ 9:01 pm By Omar Faridi  |  

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

June 16, 2022 @ 8:37 pm By Omar Faridi  |  

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

June 14, 2022 @ 8:15 am By Omar Faridi  |  

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

June 13, 2022 @ 9:06 pm By Omar Faridi  |  

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

June 12, 2022 @ 8:59 pm By Omar Faridi  |  

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