Tagged: banking

December 28, 2020 @ 8:51 am By Samantha Hurst  |  

  UK-based next-generation banking platform Cashaa announced on Monday Unicas has opened its first physical branch in Jaipur, India. Unicas is notably a join venture between Cashaa and the United Multistate Coop Society and allows users to transact in cryptocurrency and fiat from one account…. Read More

December 27, 2020 @ 7:03 pm By JD Alois  |  

Earlier this month, the Monetary Authority of Singapore (MAS) announced the first four digital banks approved by the regulator. The first digital banks out of the gate are the culmination of a multi-year process where MAS. In June 2019, MAS announced it would approve up… Read More

December 22, 2020 @ 9:55 pm By JD Alois  |  

The Conference of State Bank Supervisors (CSBS) has filed a lawsuit against the Office of the Comptroller of the Currency (OCC), as well as Acting Comptroller Brian Brooks, regarding the agency’s ability to issue federal bank charters to Fintechs. The complaint mentions Figure Technologies, a… Read More

December 22, 2020 @ 1:39 pm By Samantha Hurst  |  

  Quontic, a U.S.-based adaptive digital bank, recently announced it is launching Bitcoin Rewards Checking accounts. Founded in 1997, Quontic describes itself as a adaptive digital bank that empowers its customers financially while embracing their diverse circumstances. “Quontic’s mission to break the system for financial… Read More

December 21, 2020 @ 7:08 pm By Omar Faridi  |  

UK-based Cashaa, a digital asset exchange and banking service provider, has revealed that it’s listing on KuCoin exchange in order to promote the adoption of its native CAS token. As reported in July 2020, more than $3 million in Bitcoin (BTC) were allegedly stolen from… Read More

December 19, 2020 @ 3:59 pm By Omar Faridi  |  

Indonesian tech giant has reportedly paid around $159.5 million for shares in an Indonesian bank (PT Bank Jago) – which is part of a major Fintech deal. Gojek is competing with ride-hailing app provider Grab which is also focused on establishing regional Fintech services. Gojek… Read More

December 18, 2020 @ 7:58 am By Omar Faridi  |  

Netherlands-based core banking platform Five Degrees has acquired €22 million in capital through an investment round that was led by Velocity Capital Fintech Ventures. Reggeborgh and Atlas Invest also took part in the round. Karmijn Kapitaal, 5Square and several other existing investors made contributions to… Read More

December 17, 2020 @ 9:00 am By JD Alois  |  

N26, a Germany based Fintech, says it plans another funding round before a possible initial public offering (IPO) in 2023 at the earliest, according to a report. As well, the digital bank is predicting break even at some point in 2021 as it seeks to… Read More

December 16, 2020 @ 5:54 pm By JD Alois  |  

Last week during LendIt Fintech’s LatAm virtual event, David Velez, founder and CEO Nubank, took to the screen to share some of his experiences in launching a digital bank in Latin America that has now emerged as a hugely successful Fintech. In 2013 following years… Read More

December 15, 2020 @ 8:28 am By Omar Faridi  |  

Virgin Money has teamed up with app development firm, Waracle, in order to support the implementation of its digital proposition for the new Virgin Money Business current account. The Dundee-headquartered mobile and online solutions business has become well-known for its design and development of digital… Read More

December 14, 2020 @ 8:09 pm By JD Alois  |  

LendingClub (NYSE: LC) has received a nice recognition from the Salt Lake Tribune. A relatively recent presence in Utah, LendingClub has been rccognized as a Top Workplace for 2020. According to a note from LendingClub,  the list is based solely on employee feedback gathered through… Read More

December 14, 2020 @ 3:32 pm By Samantha Hurst  |  

DoorDash (NYSE: DASH) announced on Monday it has teamed up with global fintech Payfare to launch the DasherDirect platform. According to the duo, DasherDirect is a banking solution for DoorDash delivery drivers (aka Dashers) offering a business prepaid Visa card and mobile banking app. The platform also offers… Read More

December 13, 2020 @ 10:10 pm By Samantha Hurst  |  

Aeldra, a U.S.-based fintech, recently announced it has launched its mobile banking app. Launched earlier this year, Aeldra is on a mission to provide access to global financial opportunities to customers all over the world. “Through a single App, customers will be able to seamlessly… Read More

December 13, 2020 @ 9:30 pm By Omar Faridi  |  

Amsterdam-based Backbase, a Fintech software provider that “empowers” financial institutions to accelerate their digital transformation strategies in order to compete in a digital-first world, has been chosen by DigiBankASIA to provide its “full-stack” online engagement banking platform solution for its virtual bank UNO. Backbase will… Read More

December 11, 2020 @ 4:24 pm By Omar Faridi  |  

Pierre Naude, CEO at nCino (NASDAQ:NCNO), a Wilmington, North Carolina based Fintech firm that offers a Cloud banking platform built on the Salesforce platform, says his company will invest in various opportunities as the COVID-19 pandemic accelerates the shift towards all-digital platforms and services. Naude… Read More

December 10, 2020 @ 9:02 pm By Omar Faridi  |  

Plaid, which is having to deal with a suit in federal court (filed by US Dept of Justice) pertaining to Visa’s (NYSE:V) pending $5.3 billion acquisition of the firm, enables financial technology providers like Chime, Robinhood, and Venmo to gain access to banking data. The… Read More

December 9, 2020 @ 8:02 am By JD Alois  |  

Digital bank Revolut continues to roll out new features and services at a rapid pace. Today, the Fintech is announcing a new feature called “Pockets” – a tool to help users to better manage their spending such as monthly bills, subscriptions, rent, and more. Pockets… Read More

December 9, 2020 @ 7:54 am By Omar Faridi  |  

  California based Fintech firm Wealthfront announced on December 8, 2020, that banking industry professionals Sheila Bair and Tom Curry are joining the firm’s Banking Advisory Group. The Committee is expected to play a key role in navigating regulatory and partnership efforts as Wealthfront plans… Read More

December 7, 2020 @ 9:36 am By Samantha Hurst  |  

  India-based banking group ICICI Bank announced on Monday the launch of its iMobile Pay app. ICICI Bank claims that iMobile is India’s first app that offers payments band banking services for all. “The app offers a unique combination of facilities of a payment app–… Read More

December 7, 2020 @ 9:35 am By JD Alois  |  

Digital bank Revolut has partnered with PrestaShop, an e-commerce platform in Europe and Latin America. According to the company, and Revolut Business is now available to PrestaShop merchants allowing sellers and their customers to benefit from payments when shopping online. This is part of Revolut’s… Read More