Tagged: banking

February 10, 2020 @ 1:00 pm By JD Alois  |  

The Federal Deposit and Insurance Commission (FDIC), the US regulatory agency that provides vital deposit insurance for millions of account holders in the US, has given the green light to Varo Money – a digital-only bank. The Office of the Comptroller of the Currency (OCC),… Read More

February 10, 2020 @ 10:14 am By Samantha Hurst  |  

Barclays announced on Monday it has extended its partnership with multinational financial services corporation, Visa. Barclays reported that the European agreement with Visa, which recognizes the “unique position” Barclays has in the market, is designed to drive innovation and product development as well as facilitate… Read More

February 10, 2020 @ 6:58 am By Omar Faridi  |  

Popular Fintech Curve will launch in the US during 2020 according to a statement by CEO and founder Shacher Bialik delivered during the annual Fintech Week Tel Aviv. Curve is an “over the top” or OTT banking platform that is not a bank. The company… Read More

February 8, 2020 @ 5:38 pm By Omar Faridi  |  

Majority, a digital banking platform focused on serving immigrant communities, recently introduced its products to US customers, following a four-month beta testing period. In order to expand its existing business operations, Majority says it remains focused on two major drivers: physical meetup spaces and brand… Read More

February 7, 2020 @ 6:51 pm By Omar Faridi  |  

Traditional banks and other financial institutions need to go through a cultural transformation before they can successfully undergo a digital transformation, according to the chief technology advocate at Starling Bank, whose statements came during a recent panel discussion. The recent debate, which was an initiative… Read More

February 5, 2020 @ 1:32 pm By Samantha Hurst  |  

Mode, a financial services firm backed by Twitter co-founder Biz Stone and is owned by the R8 Group, has reportedly launched its Bitcoin banking mobile app. Cointelegraph reported that the UK startup has made its mobile app available globally, except in the U.S. Customers outside… Read More

February 5, 2020 @ 8:34 am By Omar Faridi  |  

The addition of Molo, UK’s first, all-digital mortgage lender, Underpinned, a career management platform for freelance workers, and accounting services provider Paystream to the Starling Business Marketplace will take the digital bank’s business integrations count to 14. The integrations aim to build on services that… Read More

February 4, 2020 @ 4:22 pm By JD Alois  |  

Marcus by Goldman Sachs (NYSE:GS), a digital bank serving customers in the US and UK, is expected to play a significant role in the future of the world’s most successful investment bank. During the recent Investor Day, Goldman outlined its vision for both corporate and… Read More

February 3, 2020 @ 10:50 pm By JD Alois  |  

Federal Bank, a private bank with a branch network of 1,251 branches and about 2000 ATMs, has issued a release that it has opened its first “digital branch” called “Fed-e-Studio .” This digital branch was announced at an event last week at Rajarhat Bhatenda. Dr…. Read More

February 2, 2020 @ 6:03 pm By JD Alois  |  

On Wednesday, February 5th at 10AM, the House Financial Services Committee will hold a hearing entitled, “Rent-A-Bank Schemes and New Debt Traps: Assessing Efforts to Evade State Consumer Protections and Interest Rate Caps.” The Hearing will most certainly address the emergence of Fintechs, specifically online… Read More

January 29, 2020 @ 10:20 am By JD Alois  |  

Goldman Sachs Group (NYSE: GS) presented the firm’s vision for the future today in an Investor Meeting that charted the roadmap for the bank over the next few years. Goldman said the investor day reflects their ongoing commitment to providing the market with a “clear… Read More

January 29, 2020 @ 4:32 am By Omar Faridi  |  

The Nashik Merchant’s Co-op Bank (NAMCO), a Maharashtra-headquartered co-operative bank has decided to go digital. The Indian co-op bank has reportedly teamed up with India Transact Services Limited (ITSL), in order to introduce point of sale (PoS) terminals for all of its merchant accounts. This… Read More

January 28, 2020 @ 6:05 am By Therese Torris  |  

French Fintech Anaxago pioneered alternative finance by launching an equity crowdfunding platform in 2012. Profitable since year one, the company entered real estate investing in 2014. In 2018, it launched an asset management arm, Anaxago Capital. Not one to be standing still, the company’s co-founders, Joachim… Read More

January 24, 2020 @ 1:20 pm By Omar Faridi  |  

Several US-based community banks have reportedly invested $9.5 million into artificial intelligence (AI)-enhanced, API-driven banking technology provider, called Neocova. Developed specifically for community banks, Neocova’s cloud-powered core platform handles the management of customers, their deposits, and any loan products they might be using. The latest… Read More

January 23, 2020 @ 8:16 am By Samantha Hurst  |  

Digital-only bank platform N26 announced on Wednesday it now has more than five million customers who are banking on its platform around the globe. The company stated: “As we enter a new decade, we’re delighted to share some more fantastic news. N26 has reached another… Read More

January 23, 2020 @ 8:02 am By JD Alois  |  

Digital challenger bank Revolut has announced a new savings accounts for users in the UK market. The bank says the savings accounts will be available to Revolut Metal customers and earn a 1.35% interest rate on deposits – one of the higher rates of returns… Read More

January 22, 2020 @ 7:29 am By Omar Faridi  |  

France-based digital bank Qonto has secured $115 million through a Series C investment round led by Tencent and DST Global, in order to help it further penetrate key markets, implement new features to tailor its products and services to specific market segments, and hire new… Read More

January 21, 2020 @ 9:15 pm By Omar Faridi  |  

A Dubai-headquartered Fintech firm focused on providing payment processing services will be launching OG Bank and OG Pay (On the Go), an online banking platform, chat-based digital payment wallet and an online point-of-sale (PoS) system – which will all be accessible and managed from mobile… Read More

January 21, 2020 @ 4:15 pm By Samantha Hurst  |  

Neon, a Switzerland-based mobile banking app, announced on Monday it is eliminating extra fees for card payments abroad. The company revealed the exciting news by stating the following: “To pay so much in fees while abroad is just not ok anymore. Card payments and cash… Read More

January 21, 2020 @ 7:42 am By Samantha Hurst  |  

Russian banking group Sberbank announced on Tuesday its loyal program is now allowing users to send reward points to each other. According to Sberbank, all loyalty program members, besides those who are at the lowest Spasibo privilege level, will be entitled to transfer points from… Read More