Tagged: banking

April 20, 2021 @ 3:20 pm By Samantha Hurst  |  

  MANTL, a U.S.-based digital account opening solution for banks and credit unions, announced on Tuesday it raised $40 million through its Series B funding round, which was led by Alphabet’s independent growth fund, CapitalG, with participation from D1 Capital Partners, BoxGroup and existing investors Point72… Read More

April 16, 2021 @ 8:45 am By Omar Faridi  |  

Manish Kohli, Global Head of Payments and Receivables at Citi (NYSE:C), notes that at the leading banking institution, they’re using APIs to facilitate payments, to digitize the “client experience” and “ultimately to help change our client’s evolve to real-time, 24×7 direct to consumer business models.”… Read More

April 16, 2021 @ 8:13 am By Samantha Hurst  |  

  Yoello, a Welsh digital payments platform, announced on Thursday it received an investment from banking group Hodge to accelerate the growth and development of its mobile payments/banking platform. Founded in 2015, Yoello describes itself as a payment platform aiming to disrupt the existing payment system by… Read More

April 15, 2021 @ 10:27 pm By Omar Faridi  |  

Banking technology firm Zeta is reportedly getting closer to achieving Unicorn status (valued at $1 billion or more) as it continues to work with varous investors in order to close a new funding round, according to TechCrunch which cited sources familiar with the matter. SoftBank… Read More

April 15, 2021 @ 10:11 pm By JD Alois  |  

The Chairwoman of the House Committee on Financial Services, Maxine Waters, and the Chairman of the Senate Committee on Banking, Sherrod Brown, have jointly announced a new round of hearings that will see the CEOs of the top US banks testify in front of each… Read More

April 14, 2021 @ 7:11 am By Omar Faridi  |  

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

April 9, 2021 @ 9:59 am By JD Alois  |  

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

April 9, 2021 @ 9:40 am By JD Alois  |  

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

April 9, 2021 @ 7:46 am By Omar Faridi  |  

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

April 8, 2021 @ 2:00 pm By JD Alois  |  

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

April 8, 2021 @ 9:40 am By JD Alois  |  

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

April 8, 2021 @ 9:13 am By JD Alois  |  

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

April 6, 2021 @ 12:13 pm By Samantha Hurst  |  

    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

April 4, 2021 @ 3:18 pm By Omar Faridi  |  

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

April 1, 2021 @ 10:08 pm By Omar Faridi  |  

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

March 30, 2021 @ 5:25 pm By JD Alois  |  

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

March 26, 2021 @ 11:50 pm By Omar Faridi  |  

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

March 26, 2021 @ 8:28 am By Omar Faridi  |  

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

March 26, 2021 @ 8:16 am By Omar Faridi  |  

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

March 25, 2021 @ 10:25 pm By Omar Faridi  |  

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