Tagged: banking

January 29, 2021 @ 3:02 pm By JD Alois  |  

Mambu, a cloud banking service provider that powers the likes of N26, ABN AMRO, OakNorth and more, says it experienced a 100% year over year growth in 2020. The rapid rise of Mambu was driven by the 26 financial institutions that signed up for Mambu’s… Read More

January 27, 2021 @ 9:20 pm By Omar Faridi  |  

The developers of Injective Protocol, a digital assets derivatives exchange for DeFi that has been supported by Binance and Pantera Capital, have teamed up with AllianceBlock to introduce “decentralized” oil and gas futures. The Injective team explains that in the traditional finance sector, oil and… Read More

January 27, 2021 @ 9:53 am By JD Alois  |  

The digital banking sector will get a bit more crowded in the UK following the news that JP Morgan (NYSE:JPM) is planning to launch a digital bank in the country. JP Morgan will follow in the footsteps of Marcus, created by Goldman Sachs, entering the… Read More

January 27, 2021 @ 8:36 am By JD Alois  |  

Digital bank Zopa continues to add new features and services seeking to boost its allure for new and existing consumers. Today, Zopa has announced a new feature that allows its users to compare energy services to lower their monthly cost. Zopa has teamed up with Decision… Read More

January 26, 2021 @ 11:10 am By Samantha Hurst  |  

  Taiwan’s Financial Supervisory Commission (FSC) recently announced it has granted a banking license to Rakuten International Commercial. The FSC reported that Rakuten International Commercial Bank (RICB) is the first internet-only bank to obtain a banking license in Taiwan. The FSC further revealed that RICB… Read More

January 22, 2021 @ 2:50 pm By Samantha Hurst  |  

  Digital-only bank platform N26 announced on Thursday that it has expanded Allianz Assistance travel insurance benefit packages for premium N26 You, N26 Business You, N26 Metal or N26 Business Metal customers to include epidemic and pandemic coverage for your travels, at no extra cost…. Read More

January 21, 2021 @ 8:53 pm By JD Alois  |  

KeyCorp (NYSE:KEY) announced Q4 earnings this week that beat analyst expectations. The midwestern bank also announced a substantial share buyback that should please its shareholders. But perhaps more interesting was the fact that Key discussed its digital bank Laurel Road and expectations to expand the… Read More

January 21, 2021 @ 9:44 am By JD Alois  |  

Tom Blomfield, founder of digital bank Monzo and former CEO is departing the Fintech entirely at the end of January according to a report. Blomfield has been slowly exiting the Fintech in the last couple of years having passed the CEO title to another some… Read More

January 21, 2021 @ 8:16 am By Samantha Hurst  |  

  Temenos (SIX: TEMN), a banking software company, announced on Thursday it has hit a new milestone by supporting a total of  60 challenger bank clients. Temenos reported that digital banks, such as Alba, Alpian, Banco del Sol, Flowe, FlowBank, Lunar, Next Commercial Bank, Pepper, Varo Bank, and WeLab Bank, have selected the company’s… Read More

January 19, 2021 @ 7:17 pm By Omar Faridi  |  

A digital currency trader is reportedly seeking $250,000 in compensation from Westpac and ANZ. The crypto investor claims that there’s systematic discrimination being carried out by some of Australia’s largest banks, which has allegedly cost him his once highly-profitable business. Allan Flynn has initiated proceedings… Read More

January 19, 2021 @ 3:24 pm By Samantha Hurst  |  

Temenos (SIX: TEMN), a banking software company, announces its next-generation Temenos Enterprise Pricing solution, which enables banks to design, manage and price innovative products, services, and product bundles using their own and third-party products. Accordingto Temenos, Temenos Enterprise Pricing can be deployed on Temenos Transact… Read More

January 19, 2021 @ 7:59 am By JD Alois  |  

Goldman Sachs (NYSE:GS) has released Q4 earnings topping expectations with top-line revenue ahead of anticipated results. Shares in Goldman rose slightly in pre-market trading. Goldman has traded significantly higher since the beginning of 2021. Earnings per share for Q4 came in at $12.08 with full-year… Read More

January 18, 2021 @ 11:31 am By JD Alois  |  

Southeast Asian Fintech Grab may pursue an initial public offering (IPO) during 2021, according to a report. Fintech is expected to be a hot sector for initial public offers this year with two already being completed. Last week, Affirm (NASDAQ:AFRM) blew the doors off its IPO…. Read More

January 14, 2021 @ 11:00 am By JD Alois  |  

Upgrade, Inc., an emerging neobank that provides credit to consumers, has announced a new mobile checking account designed to deliver better value to its users. According to a note from the Fintech, Upgrade charges no fees and lets customers earn 2% cashback on certain everyday… Read More

January 12, 2021 @ 9:30 am By Samantha Hurst  |  

Artis Technologies, a U.S.-based fintech that provides lending solutions for businesses, announced on Tuesday it has entered into a new bank funding partnership with Drummond Community Bank for its Artis Credit platform. According to Artis, the funding will fulfill consumer loans originating through the company’s… Read More

January 10, 2021 @ 9:23 pm By Omar Faridi  |  

Cross-border payment platform Currencycloud notes that financial innovation is now taking place at a “record pace.” However, when it comes to smaller businesses, you must first address their cash flow problems, because “nothing else matters” (if you can’t solve this issue first). Derik Sutton, VP… Read More

January 7, 2021 @ 11:25 am By JD Alois  |  

Mambu, a Fintech that offers a Banking as a Service platform, has raised a significant €110 million ($134 million) funding round led by TCV a venture firm that has invested more than $2.5 billion in Fintech. John Doran, TCV General Partner, will join the Mambu… Read More

January 5, 2021 @ 11:08 am By Samantha Hurst  |  

  TagPay, a France-based provider of a scalable and open core banking system technology specifically for financial service providers, announced on Tuesday it secured a €25 million investment from Long Arc Capital. TagPay reported that through the investment, Long Arc Capital takes a majority stake… Read More

January 4, 2021 @ 11:32 pm By Omar Faridi  |  

The Institute for Development and Research in Banking Technology (formed by the Reserve Bank of India) has revealed that the digital economy sector in India is expected to “double its output as early as 2025.” Digitization in India is expected to lead to “widespread economic… Read More

December 31, 2020 @ 5:57 pm By JD Alois  |  

LendingClub (NYSE:LC) will start 2021 on a high note it seems. The online lender and aspiring digital bank has had its acquisition of Radius Bank approved by the Office of the Comptroller of the Currency (OCC), according to many reports. Additionally, the decision letter was… Read More