Tagged: banking

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

December 6, 2020 @ 10:46 pm By Samantha Hurst  |  

  Deutsche Bank (XETRA: DBKGn.DB /NYSE: DB) and Google Cloud announced on Friday they have finalized a strategic, multi-year partnership to accelerate the bank’s transition to the cloud and co-innovate new products and services. The duo claims this is the first partnership of this kind for… Read More

December 4, 2020 @ 1:56 pm By JD Alois  |  

Moov, a Fintech that supports banks and credit unions, Fintechs and more to quickly deploy financial service solutions to receive funds, store value, and remit payments, has raised $27 million in a Series A led by Andreessen Horowitz. Other investors include Gokul Rajaram as well… Read More

December 4, 2020 @ 9:24 am By JD Alois  |  

Monetary Authority of Singapore (MAS) announced on June 28, 2019, that it would issue up to two digital full bank (DFB) licenses and three digital wholesale bank (DWB) licenses. Last June, MAS announced that 14 out of 21 applications to become digital banks have met… Read More

December 1, 2020 @ 11:47 am By Samantha Hurst  |  

  Backbase, an omni-channel banking solution provider, announced on Tuesday the launch of its next-generation platform, as well as the release of its enhanced Backbase-as-a-Service (BaaS) offering. According to Backbase, the product launches mark an “acceleration” of its move towards a technology-led, single platform play. “Backbase’s… Read More

November 30, 2020 @ 10:28 am By Samantha Hurst  |  

  Germany-based banking as a service platform solarisBank is reportedly planning to expand its services in Europe this upcoming year. CEO of the banking group, Roland Folz, revealed to Reuters that he and his team will be working on getting the solarisBank products in a string… Read More

November 29, 2020 @ 4:12 pm By Omar Faridi  |  

Paxful, a leading peer-to-peer cryptocurrency marketplace, recently published the results of a survey performed with assistance from OnePoll on “the state of the financial climate” in the UK. As noted in a blog post by Paxful, sentiments include recent notions about the country’s traditional banking… Read More

November 25, 2020 @ 3:34 pm By Samantha Hurst  |  

Northmill Bank, a neobanking group based in Sweden, recently announced it has joined forces with open banking platform Tink. Northmill reported that the partnership will allow the bank to add another layer of intelligence to its credit assessments. While speaking about the partnership, Babel Poli,… Read More

November 25, 2020 @ 11:02 am By JD Alois  |  

Digital bank Revolut has announced that it will hand over one Bitcoin, worth around £14,333 right now, as part of a “Black Friday Crypto competition.” The promotion is only available for UK customers. Revolut users just need to set up a Crypto Recurring Buy worth at… Read More

November 24, 2020 @ 9:07 am By JD Alois  |  

Current, one of the leading digital banks in the US, has raised $131 million in a Series C funding round led by Tiger Global Management joined by new investors Sapphire Ventures and Avenir. Foundation Capital, Wellington Management Company, and QED Investors returned to fund the… Read More

November 24, 2020 @ 8:32 am By Samantha Hurst  |  

Digital-only bank platform N26 announced on Monday the launch of its new banking accounts, N26 Smart and N26 Business Smart. The accounts feature most of N26’s money management features to help account users “spend and save with confidence.” The banking group explained: “Alongside all the… Read More

November 18, 2020 @ 3:08 pm By JD Alois  |  

Google, part of Alphabet (NASDAQ:GOOG) is pushing deeper into Fintech with a redesigned Google Pay App in a natural step for one of the largest tech firms in the world. Caesar Sengupta, General Manager & VP, Payments and Next Billion Users for Google, said in… Read More