Tagged: banking

March 13, 2020 @ 9:37 am By Omar Faridi  |  

TBC Bank Group PLC, a Georgian bank headquartered in Tbilisi, Georgia, announced on March 12, 2020 that it will be expanding its digital banking services to Germany, in order to take advantage of the leading European nation’s progressive environment for new businesses. The Space digital… Read More

March 13, 2020 @ 7:57 am By Omar Faridi  |  

Backbase, an omnichannel digital banking solution provider, has teamed up with Finxact, in order to assist banks and credit unions with their digital transformation efforts. The partnership between Backbase, a Netherlands-based digital banking software developer, and Finaxct, aims to combine the best of online and… Read More

March 11, 2020 @ 3:21 pm By Samantha Hurst  |  

UK banking group Barclays announced on Wednesday its customers may now securely make payments from current accounts held with other banks from within the Barclays mobile app. This kind of feature will allow customers to take care of their money management all within one place…. Read More

March 10, 2020 @ 9:55 am By JD Alois  |  

Credit Sesame, a personalized credit service and financial wellness company, is morphing into a bank. And why not? While traditional banks struggle to pay for the real estate they own, Fintechs are providing a more diverse portfolio of financial services minus the need to queue… Read More

March 10, 2020 @ 9:30 am By JD Alois  |  

Fintech Zopa is celebrating 15 years of operation. Founded in 2005, Zopa was the one platform to launch an entire sector of Fintech as it became the first peer to peer lending platform in the UK. Today, Zopa still offers online lending in a more… Read More

March 10, 2020 @ 7:38 am By JD Alois  |  

Digital Bank Revolut has added “Perks” to all UK customers according to a company release. Perks is a loyalty feature offered by the bank providing cashback and discounts on various branks. These include travel related offers, food and beverage, fitness and more. Revolut customers “unlock”… Read More

March 8, 2020 @ 10:00 pm By JD Alois  |  

Aspiring digital bank Hay has selected Mambu to power its platform as a full service neobank. According to a note from Mambu, Hay will its API based core banking platform to provide financial services in Australia. Hay opened up its waitlist for a digital transaction… Read More

March 8, 2020 @ 7:00 pm By Omar Faridi  |  

In June 2020, Singapore’s regulatory authorities will be issuing operational licenses to three new wholesale neobanks in order to provide better services to underbanked small-and-medium-sized enterprises (SMEs).  The Monetary Authority of Singapore (MAS) confirmed in mid-2019 that it would begin accepting applications for five new… Read More

March 6, 2020 @ 5:30 pm By JD Alois  |  

Digital challenger bank Chime filed an amended Form D with the Securities and Exchange Commission (SEC) this week indicating its most recent funding round has moved a touch higher.  According to the filing, Chime has now raised $700 million from 25 investors. The date of… Read More

March 6, 2020 @ 3:19 pm By Omar Faridi  |  

Digital banks are establishing new financial industry standards when it comes to better usability, and are introducing handy features such as card management and personal money management. For digital bank users, this will come as no surprise. A recent study published by the consulting company… Read More

March 4, 2020 @ 8:44 am By JD Alois  |  

Digital bank Starling Bank has opened a third UK office – this one in Cardiff. According to a note from the Fintech, the office will create 400 jobs in Wales. The new operation will grow Starling’s back-office operation that includes data science, customer service and… Read More

March 2, 2020 @ 8:28 am By JD Alois  |  

Thought Machine has raised $83 million in a Series B funding round, according to the company. Thought Machine is a “cloud native core banking tech firm.” The additional capital will help fuel the company’s mission to “transform banking” as it continues to build out its… Read More

February 28, 2020 @ 1:32 am By Omar Faridi  |  

Approximately 90% of small business owners and freelance workers in the UK say they might prefer using an all-digital bank, instead of a traditional brick-and-mortar bank. This, according to a new study published by research firm Capterra. The study revealed that although 23% of survey… Read More

February 27, 2020 @ 9:28 pm By Omar Faridi  |  

Singapore-based neobank Tonik Financial Pte. Ltd. has acquired $6 million in funding as it plans to officially introduce its services in the Philippines during the third quarter of this year. Tonik has received seed funding from Fintech venture developer Forum. The digital bank has also… Read More

February 27, 2020 @ 7:26 am By Omar Faridi  |  

Banking Circle, a financial infrastructure developer, has been awarded a banking license from Luxembourg’s financial regulator. Established in 2013, Banking Circle serves as an alternative to the high-cost traditional banking network. The company’s services aim to provide greater financial utility, allowing Fintech firms to gain… Read More

February 26, 2020 @ 4:24 pm By JD Alois  |  

LendingClub (NYSE: LC), a marketplace lending platform and aspiring digital bank, has appointed Annie Armstrong as the company’s Chief Risk Officer (CRO). Simultaneously, LendingClub announced that the current CRO, Tim Bogan will take on a new role as Chief Banking Integration Officer to focus on… Read More

February 26, 2020 @ 4:13 pm By JD Alois  |  

Klarna, a point of sale financing platform, has posted its financial report for full year 2019. According to the numbers, top line revenue rose to SEK 7.1 billion versus year prior of SEK 5.5 billion. The increase in revenue was joined by a net income… Read More

February 26, 2020 @ 3:52 pm By Omar Faridi  |  

Mantl, a developer of account creation software for financial institutions and credit unions, confirmed recently that it has secured $8 million through a Series A funding round led by Point72 Ventures, an early-stage VC strategy financed by Steve Cohen, a billionaire hedge fund manager, and… Read More

February 26, 2020 @ 8:50 am By Omar Faridi  |  

Australia-based digital bank Xinja has reached the $200 million mark in total customer deposits. The digital bank was launched less than a month back and it has already managed to accumulate the large sum of money via its popular Stash savings account. After only a… Read More

February 25, 2020 @ 10:22 pm By JD Alois  |  

Kapilendo is a Germany based Fintech that started life as a more traditional debt-based crowdfunding platform but has recently issued its first digital security. While moving into the blockchain sector Kapilendo has also added digital banking services catering to SMEs. Launched in 2015, Kapilendo went… Read More