Tagged: banking

February 18, 2021 @ 10:50 am By JD Alois  |  

Earlier this week it was reported that Monzo was asking the UK government to make available gambling blocks for everyone. Monzo said that around two million people in Britain are experiencing harm caused by gambling. Today it was announced that Monzo and TrueLayer are partnering… Read More

February 17, 2021 @ 8:22 am By Omar Faridi  |  

Cloud-based clearing bank ClearBank will be offering access to the United Kingdom’s Faster Payments network, allowing payments that would normally take three working days to be settled within minutes. Cloud-powered ClearBank will be teaming up with Manchester Credit Union in order to streamline digital payment… Read More

February 16, 2021 @ 8:47 am By JD Alois  |  

Warburg Pincus LLC has invested $75 million into Personetics, an artificial intelligence (AI) firm providing proactive engagement for banks and other financial services firms. Terms of the investment were not disclosed. Personetics has created an AI software platform for global banks. The service is currently… Read More

February 15, 2021 @ 3:47 pm By JD Alois  |  

MoneyLion, a digital banking Fintech, is the next company to go public via a special acquisition company (SPAC). The deal was announced last Friday where MoneyLion will merge with Fusion Acquisition (NYSE:FUSE) at a transaction value of $2.4  billion and $2.9 billion in equity value… Read More

February 14, 2021 @ 10:49 pm By Samantha Hurst  |  

  Bank of America has announced its plans to achieve net zero greenhouse gas emissions before 2050. The banking giant revealed its plans are built on its longstanding support for the Paris Climate Agreement and is continuing to actively engage with its clients to help accelerate… Read More

February 11, 2021 @ 8:43 pm By JD Alois  |  

BNY Mellon (NYSE:BK),  a bank with $2.2 trillion in assets under management, has announced the creation of a new Digital Assets unit that seeks to accelerate the development of solutions to help clients address growing and evolving needs related to the growth of digital assets,… Read More

February 11, 2021 @ 10:01 am By JD Alois  |  

Monzo, a UK based digital bank that recently raised £50 million as part of a Series G extension, has appointed a new CEO for the United States, according to a report. Monzo has been going through a period of transition as founder Tom Blomfield fully… Read More

February 11, 2021 @ 9:51 am By Samantha Hurst  |  

Blue Ridge Bank has announced on Wednesday it is providing access to Bitcoin at its branch locations. Cardholders can purchase and redeem Bitcoin at nearly 20 Blue Ridge Bank ATM locations, consisting of both branch and off-site ATMs. The banking group reported that it has… Read More

February 11, 2021 @ 9:36 am By JD Alois  |  

illimity, a digital bank that claims the title of the first in Italy, is reporting €31 million in net profit for 2020. In 2019, illimity reported a €16.1 million net loss. Corrado Passera, illimity’s CEO, said illimity has fully met the results for the year… Read More

February 10, 2021 @ 11:46 am By Samantha Hurst  |  

  Nordic banking group Nordea recently announced it has updated its plan to fully integrate sustainability into its business strategy with a long-term objective to become a net-zero emissions bank by 2050 at the latest. Nordea revealed in order to become a net-zero emissions bank by 2050, it has… Read More

February 10, 2021 @ 8:23 am By Omar Faridi  |  

The team at Juniper Research, an analyst house focused on digital technology market research and related Fintech trends, technology data, market sizing, and consulting, notes that e-commerce and financial services have become a key part of many consumers’ lives in a post-COVID world. The Juniper… Read More

February 9, 2021 @ 5:36 pm By JD Alois  |  

UK-based Fintech Cashplus has received approval to become a regulated bank after operating as an e-money institution for many years. Cashplus has worked for a couple of years to gain the license and has recently indicated it is now authorized by the Prudential Regulation Authority… Read More

February 8, 2021 @ 11:50 am By JD Alois  |  

​B-North, a digital lender that is in the process of acquiring a full banking license, has appointed Nimisha Patel to its board of directors. Patel is currently the Chief Digital Information Officer at the Cabinet Office, responsible for helping to shape the technology strategy at… Read More

February 4, 2021 @ 10:50 pm By Omar Faridi  |  

The introduction of Australia’s Consumer Data Right (CDR) laws on July 1, 2020 marked the initial phase of Open Banking in the country, which may improve the services offered by the local banking sector. More than 6 months into CDR and Open Banking in Australia… Read More

February 4, 2021 @ 9:16 am By JD Alois  |  

In a sign of the times, digital bank Revolut has announced that it is migrating towards permanent flexible working for the majority of its 2000 plus employees. Going forward, employees may choose where they work and if they want to come to the office. As… Read More

February 1, 2021 @ 8:49 am By JD Alois  |  

LendingClub (NYSE:LC) has completed the acquisition of Radius Bancorp, according to a public release. Scott Sanborn, CEO of LendingClub, issued the following statement: “This is a historic day for LendingClub and a true watershed moment for the industry. The move to digital-first banking is accelerating,… Read More

January 31, 2021 @ 9:42 pm By Omar Faridi  |  

The team at Currencycloud, a cross-border payment platform, notes that there are several different ways that Fintech companies are “disrupting” corporate banking. Currencycloud explains that in today’s interconnected society, we “expect the world to be at our fingertips.” Apps allow us to easily conduct business… Read More

January 30, 2021 @ 2:58 pm By Omar Faridi  |  

Global Fintech firm Circle has revealed that its APIs now support ACH payments and payouts. Circle explains that ACH support allows clients to provide “seamless” bank transfers to and from USDC, which is a major stablecoin (or digital asset pegged to the US dollar). Circle… Read More

January 29, 2021 @ 7:55 pm By Omar Faridi  |  

Finastra, a financial services software and Cloud-enabled solutions provider, has confirmed that it will be teaming up with HCL Technologies, an India-based multinational tech firm, in order to offer treasury management technology via the Cloud to smaller banks based in Europe, North America, India, and… Read More

January 29, 2021 @ 5:50 pm By Omar Faridi  |  

Temenos (SIX: TEMN), a banking software company, has revealed that Schroders Wealth Management in Switzerland has decided to use its solution in order to automate and improve its financial advisory business. Schroders Wealth Management will reportedly launch the Temenos Wealth Front Office which is described… Read More