Tagged: banking

October 1, 2020 @ 9:38 pm By Samantha Hurst  |  

Less than two weeks after launching its equity crowdfunding campaign on Seedrs, FCA authorized e-Money Institution Ziglu has successfully secured nearly £2.4 million from more than 800 Seedrs investors. Founded in 2018 by former Starling Bank CTO Mark Hipperson, Ziglu states it has built a… Read More

September 30, 2020 @ 10:00 am By JD Alois  |  

Bnext, a Spain based neo-bank that has raised over €22 million in funding, has partnered with Rapyd, a Fintech as a Service company, to expand services across Latin America. According to a release, Bnext customers will be able to make deposits into their accounts at… Read More

September 25, 2020 @ 3:59 pm By Omar Faridi  |  

The Reserve Bank of India (RBI) has released a new report, titled “Technology Vision for Cybersecurity for Urban Co-operative Banks – 2020-2023.” The RBI notes that the document makes recommendations or suggestions on how to improve the nation’s cybersecurity infrastructure of its urban co-operative banking… Read More

September 23, 2020 @ 12:30 pm By JD Alois  |  

Transferwise, a UK based Fintech that has gone global, has distributed a note promoting the savings it can generate for US customers. Transferwise is a Fintech that allows you to quickly and inexpensively transfer money anywhere – minus hidden fees and silly exchange rates. The… Read More

September 23, 2020 @ 10:04 am By JD Alois  |  

Transferwise, a Fintech unicorn and fast-growing stealth bank, has published its annual report for the fiscal year ending March 2020. According to the document, Transferwise’s annual profit more than doubled to £20.4 million during the year – the fourth year in a row that the… Read More

September 22, 2020 @ 12:38 pm By Samantha Hurst  |  

MetaBank, N.A. announced on Tuesday the expansion of its payments platform to include processors Finix and TabaPay. According to Metabank, Finix builds payments infrastructure for vertically-focused software providers and fintech companies. With Finix, businesses may own and monetize entire payments experience without having to build… Read More

September 22, 2020 @ 9:39 am By Samantha Hurst  |  

  UK banking group Standard Chartered Bank announced on Tuesday it has officially launched its virtual bank “Mox” in Hong Kong. According to Standard Chartered, Mox was created in partnership with PCCW, HKT, and Trip.com, which provides its suite of retail banking services entirely digitally… Read More

September 21, 2020 @ 9:08 am By JD Alois  |  

FCA authorized e-Money Institution Ziglu kicked off a crowdfunding round on Seedrs today and quickly topped its £1 million goal. The offering is live for up to 40 more days. According to the offering page, Ziglu is selling equity in the company at a pre-money… Read More

September 21, 2020 @ 7:43 am By Omar Faridi  |  

The Financial Regulatory Authority’s (FRA) Board of Directors in Egypt has reportedly approved a draft law that aims to regulate and support the use of Fintech services in the non-banking financial sector. Mohamed Omran, Chairman at the FRA, noted that the approval will aim to… Read More

September 18, 2020 @ 8:14 am By Samantha Hurst  |  

Cloud-based clearing bank ClearBank announced on Thursday it is now offering multi-currency banking accounts through API. The banking group reported that in the fourth quarter of 2020 it will be able to offer more than 30 multi-currency bank accounts, which will provide customers with the… Read More

September 17, 2020 @ 9:15 am By JD Alois  |  

Newly minted SME focused bank, Allica Bank, has closed on a £26 million funding round led by Warwick Capital Partners – the majority shareholder in the firm. This announcement included the news that Allica intends on raising a further £100 million to pursue its vision… Read More

September 16, 2020 @ 10:15 pm By JD Alois  |  

The state of Wyoming has approved its first Special Purpose Depository Institution (SPDI) by approving Kraken Financial – part of the well known digital asset exchange. Tentatively called Kraken Financial and based in Cheyenne, Wyoming, the new bank claims the title as the “first digital… Read More

September 13, 2020 @ 9:05 pm By Omar Faridi  |  

The team at Stash, a US-based company that offers micro-investment options through a mobile app, claims that during the recent market volatility and economic instability (due to COVID-19), the Fintech service provider has continued to offer personalized advice and innovative tech to help guide +5M… Read More

September 10, 2020 @ 2:00 am By Therese Torris  |  

Founded in 2012 in France as an equity crowdfunding platform, the Anaxago group powers on with carrying out its strategy to be the first 100% digital neo-private bank. The group aims to give to the greater number access to financial products combining impact and performance…. Read More

September 9, 2020 @ 7:53 am By JD Alois  |  

Starling Bank, a digital-only bank, has launched “Starling Kite” a child-friendly banking account that incorporates certain controls for parents and guardians. Starling Kite will be linked to an adult’s account to help track utilization while children aged between 6 to 16, will receive a banking… Read More

September 6, 2020 @ 10:24 pm By Samantha Hurst  |  

Yayzy, a UK-based sustainable banking app, has successfully secured its initial £200,000 funding target through its equity crowdfunding campaign on Seedrs. Founded in 2019, the Yayzy team has created technology that calculates carbon footprint using payment data and is helping individuals and customers at other… Read More

September 4, 2020 @ 10:16 am By Omar Faridi  |  

Finastra, a financial services software provider, has been identified as a leader in “The Forrester Wave: Digital Banking Processing Platforms (DBPP) (Retail Banking), Q3 2020” report. Forrester is an independent research company. It included 10 other service providers in its recent evaluation report, and claims… Read More

September 3, 2020 @ 12:01 pm By JD Alois  |  

Jiko, an aspiring digital bank, has acquired a small retail bank according to a report. CNBC states that Jiko, founded by a former Goldman Sachs executive, has acquired Mid Central Bank, a 63-year institution based in Minnesota. Jiko founder Stephane Lintner, described as math wiz… Read More

September 2, 2020 @ 2:00 pm By JD Alois  |  

  The Office of the Comptroller of the Currency (OCC) will start processing Fintech applications to become federally chartered firms as soon as this week, according to a report. The acting Comptroller of the Currency Brian Brooks has only been managing the regulator since May… Read More

August 28, 2020 @ 10:17 am By Samantha Hurst  |  

Russian banking group Sberbank announced on Thursday it has teamed up with Evotor to add a new function to the Pay with QR service when accessed through Evotor POS terminals, by letting customers use their QR codes in addition to dynamic QR codes already available…. Read More