Tagged: banking

May 15, 2017 @ 9:03 am By JD Alois  |  

Fidor, a digital bank and Fintech solutions provider, has appointed Brad Whittfield as Global Chief Financial Officer. This is a newly created role within the Fidor Group and will be based in Dubai, UAE – Fidor Solutions’ central hub for its global expansion. Whittfield is… Read More

May 15, 2017 @ 7:31 am By JD Alois  |  

Mitsubishi UFJ Financial Group, Inc. (MUFG) has announced a “functional realignment” of its group subsidiaries. The realignment includes a name change from The Bank of Tokyo-Mitsubishi UFJ, Ltd to MUFG Bank, Ltd. (subject to regulatory approval).  The company said they had two aims: adapting to domestic… Read More

May 11, 2017 @ 6:28 am By JD Alois  |  

SoFi has decided to become a bank. The Fintech firm that has spent so much time telling the world they were not a bank has decided to join the ranks of their erstwhile adversaries and apply for a bank charter. If you can’t beat-em, join-em…. Read More

May 3, 2017 @ 1:55 am By Cole Lyons  |  

The Fintech firm InstaReM has recently entered a partnership with Goldfield Money. The two plan to assist migrants by providing them with banking services, along with serving overseas small and medium sized corporations based in Asia. InstaReM, based in Singapore, and Goldfield Money, which is listed… Read More

April 25, 2017 @ 1:40 pm By Samantha Hurst  |  

Paladin fs, an IT banking contractor company, announced on Tuesday the launch of Quote Check, its newest service offering that helps bankers before signing a new service quote. This service will ensure that banks are being offered equitable terms and pricing nationally. While sharing details about the… Read More

April 14, 2017 @ 9:50 am By Samantha Hurst  |  

California-based company Meed announced on Thursday it is collaborating with Oracle to deliver its suite of digital financial services to banks worldwide. The company stated it will integrate with Oracle’s Digital Banking Experience (OBDx) solution, using the Oracle platform, to deliver end-to-end digital experiences while… Read More

April 10, 2017 @ 1:51 pm By JD Alois  |  

Naqoda, a provider of software and services to the financial industry, has announced the release of its core banking software that will allow existing banks, challenger banks, retail entrants and others to deliver an “omnichannel banking” experience to their customers. The release follows the implementation of… Read More

April 6, 2017 @ 1:48 pm By Samantha Hurst  |  

Monzo announced on Wednesday all of its restrictions have officially been lifted and it is now a fully licensed bank. This news comes just the company raised nearly £2.4 million from close to 6,200 investors during its latest Crowdcube funding round. As previously reported, Monzo raised funding on Crowdcube in March 2016…. Read More

April 3, 2017 @ 9:54 am By JD Alois  |  

It is a truism that increasing competition in the banking sector will benefit both consumers and businesses. Yet high hurdles remain in place for emerging Fintech companies to challenge established financial firms such as banks. FinTech Australia, the advocacy group promoting all things Fintech related,… Read More

March 24, 2017 @ 3:16 pm By JD Alois  |  

The Subcommittee on Financial Institutions, part of the House Financial Services Committee, has scheduled a hearing on the state of bank lending in the US. The hearing will take place at 2PM Tuesday, March 28th. Typically these hearings are live-streamed on the HFSC website. The… Read More

March 23, 2017 @ 1:32 am By JD Alois  |  

If Amazon built a bank, would it aspire to be like Revolut? I don’t know about that, but the Revolut Premium Membership is something I want. Now. London-based Fintech startup Revolut has launched its vision of Premium Membership in a world populated by stiff and… Read More

March 22, 2017 @ 3:09 pm By JD Alois  |  

Global private equity firm Warburg Pincus has acquired a 35% ownership stake in Avaloq, a Switzerland-based Fintech firm that provides banking software. Avaloq has been in existence since 1985 and today the company has more than 2000 employees from around the world. An affiliate of… Read More

March 14, 2017 @ 9:08 am By Samantha Hurst  |  

App-only bank Monzo (formally know as Mondo) has completed the pre-registration portion of its second equity crowdfunding campaign. The company sought to raise £2.5 million, and by the end of the pre-registration round, it secured £12 million. A total of 41,267 people pledged to invest. More than £12… Read More

March 2, 2017 @ 1:53 pm By Samantha Hurst  |  

Just a little over 48 hours after opening pre-registration for its upcoming equity crowdfunding campaign on Crowdcube, app-only bank  Monzo (formally know as Mondo) has attracted more than £8.8 million in interest. The company’s original target for the funding round was £2.5 million, and the funds from the… Read More

February 28, 2017 @ 2:57 pm By Samantha Hurst  |  

App-only bank Monzo (formally know as Mondo) announced on Tuesday it opened pre-registration for its new equity crowdfunding campaign. Originally seeking £2.5 million, the company has attracted more than £5.8 million in interest so far. As previously reported, Monzo launched its first crowdfunding campaign on Crowdcube and raised… Read More

February 27, 2017 @ 4:04 pm By JD Alois  |  

Oracle is one of the largest software and services company in the world. Only second to Microsoft, Oracle has grown and pushed into a multitude of verticals and businesses. Today much of Oracle’s business has to do with Enterprise Resource Planning (ERP) software – massive… Read More

February 11, 2017 @ 9:35 pm By Jessica Pham  |  

While the Western world and other parts of Asia surge forward with fintech innovations, from blockchain technology to digital banking features and services, Myanmar celebrates other banking development wins as the country continues to modernize. Earlier this week, Enterprise Innovation reported that Myanmar — formerly known… Read More

December 14, 2016 @ 12:53 pm By JD Alois  |  

Fitch Ratings is out with a note on the recently announced Comptroller of the Currency (OCC) Fintech charter. The OCC has crafted a document to allow digital banks to become regulated entities by receiving federal bank charters. Fitch is of the opinion the Fintech charter… Read More

December 7, 2016 @ 1:01 pm By Andreas Barthelmess  |  

Whether Amazon, Airbnb or price comparison websites: In many industries, digitalisation has shifted power to customers in the last ten years. The banking industry, however, has remained resilient against radical changes for a long time. In fact, things like digital transparency and the power of… Read More

December 2, 2016 @ 3:44 pm By JD Alois  |  

Thomas Curry, Comptroller of the Currency, Officially Announces Bank Charters for Fintech In a speech delivered at Georgetown University today, Thomas Curry, Comptroller of the Currency, announced the creation of special purpose national bank charters for Fintech companies. The announcement was driven by an ongoing discussion… Read More