Tagged: banking

May 14, 2025 @ 8:33 am By Omar Faridi  |  

InnBucks MicroBank Limited, a financial services provider, has announced a partnership with cloud-native banking platform Mambu, as part of its transformation from a digital wallet solution to a fully integrated digital bank. This partnership is set to support InnBucks’ growth, and lays a foundation for… Read More

May 12, 2025 @ 12:05 pm By JD Alois  |  

Chetwood Bank, a digital bank challenging established incumbents, says it has now topped £4 billion in savings deposits. Last year, at the end of March, Chetwood reported £2.86 billion in deposits. Chetwood benefits from a current interest rate of 4.52% paid to its “easy access”… Read More

May 10, 2025 @ 4:07 am By Omar Faridi  |  

The Office of the Comptroller of the Currency (OCC) has recently unveiled a series of transformative updates aimed at strengthening bank supervision and embracing technological innovation, particularly in the realm of cryptocurrency. These changes, detailed in Bulletin 2025-9 and News Releases NR-OCC-2025-43 and NR-OCC-2025-44, reflect… Read More

May 6, 2025 @ 5:05 pm By Omar Faridi  |  

JPMorgan Chase (NYSE: JPM) has terminated its Capital Connect platform, a digital initiative launched in 2022 to bridge the gap between startup founders and venture capital investors. The decision, which was made late last year, marks the end of a short-lived experiment aimed at enhancing… Read More

May 6, 2025 @ 12:53 pm By JD Alois  |  

Digital asset bank Syngum is reporting a “surge” in utilization of its off exchange custody service in regards to institutions using Binance. Sygnum is regulated in various jurisdictions. In Switzerland, the company holds a banking license and holds a CMS and Major Payments Institution approval… Read More

May 2, 2025 @ 4:11 am By Omar Faridi  |  

Swiss-based banking technology provider Temenos (SIX: TEMN) initiated a major workforce reduction, eliminating several hundred positions across its offices in India. This move is part of a broader strategic realignment aimed at optimizing the company’s global operations and enhancing its focus on high-growth markets. The… Read More

May 1, 2025 @ 10:52 am By Omar Faridi  |  

Phixius by Nacha—a peer-to-peer payment information network—announced that ValidiFI is live on the Phixius network as an additional provider of bank account validation. Phixius now offers multiple providers of account validation, “expanding the coverage of account validation data for Phixius users.” Rob Unger, Managing Director… Read More

April 29, 2025 @ 5:06 pm By JD Alois  |  

LendingClub (NYSE:LC) has revealed Q1 2025 earnings, which matched analyst expectations of earnings of $0.10 per share. LendingClub, once an online lender and now a digital bank, also announced the acquisition of an Artificial Intelligence (AI) platform for Spending Intelligence. LendingClub, which still is heavily… Read More

April 29, 2025 @ 10:07 am By Omar Faridi  |  

Sygnum, a global digital asset banking group, reveals an accelerating push towards Crypto-TradFi treasury management by its DLT foundation and corporate clients. The demand for advanced tools to manage multi-asset treasuries – on the same banking platform – has led “to a doubling of clients… Read More

April 26, 2025 @ 1:31 pm By Omar Faridi  |  

UK’s digital bank Zopa has reported solid performance for 2024, doubling its full-year profit before tax to £34.2 million, up from £15.8 million in 2023. This milestone, announced on April 24, 2025, marks the Zopa bank’s second consecutive year of profitability, underscoring its robust growth… Read More

April 25, 2025 @ 7:06 am By Omar Faridi  |  

Nu Mexico, a subsidiary of Nubank (NYSE: NU), announced the approval of its banking license by the National Banking and Securities Commission (CNBV). With this milestone, Nu has become the first Popular Financial Society (SOFIPO) to obtain approval to “transform into a bank, opening the path… Read More

April 22, 2025 @ 7:46 am By Omar Faridi  |  

Circle and BitGo are preparing to apply for U.S. bank charters, according to a Wall Street Journal report. The report also indicates that digital assets firms Coinbase (NASDAQ:COIN) and Paxos are exploring similar paths, driven by evolving stablecoin regulations and a shifting political landscape under… Read More

April 18, 2025 @ 8:45 am By Omar Faridi  |  

UK’s digital bank Monzo has reportedly reached a new milestone, surpassing 12 million customers in 2025, just as it marks its 10th year of business operations. This achievement means that one in five UK adults now banks with Monzo, a testament to the fintech’s steady… Read More

April 17, 2025 @ 3:52 pm By Omar Faridi  |  

UST FinX, the financial services platform from UST, and Thought Machine, the cloud-native banking technology company, announced a strategic partnership that makes “enterprise-grade banking technology accessible to financial institutions of all sizes.” Initially, the partnership will target its advantages for mid-tier US banks and credit… Read More

April 17, 2025 @ 3:51 pm By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), the provider of intelligent, best-in-class banking solutions, announced that Zions Bancorporation has selected nCino as its technology platform as they “digitally transform their loan origination process.” Zions Bancorporation is a collection of “locally led and community-focused banks serving businesses, households and… Read More

April 14, 2025 @ 10:24 am By JD Alois  |  

Gibraltar-based Xapo Bank, a digital asset-friendly regulated bank, is reporting that Bitcoin trading volume hit record highs in Q1 2025 compared to the prior quarter. Xapo says that strong Euro and strong dollar (USDC) deposits have helped fuel the trading as Bitcoin prices dived. Xapo… Read More

April 14, 2025 @ 7:43 am By Omar Faridi  |  

The Malta Financial Services Authority (MFSA) has released an assessment of the level of preparedness among local banks, in view of the amendments to EU banking regulations known as CRR3. This follows an industry-wide survey conducted in 2024, which revealed different “levels of readiness among… Read More

April 14, 2025 @ 6:37 am By Omar Faridi  |  

The microfinance institution HES Finances, a subsidiary of the Master Financial Group (MFG), has acquired the CapitalBanker MFI microfinance management solution from the software provider Capital Banking Solutions. In order to accelerate its growth and digitize its microfinance activities, HES Finances will now rely on… Read More

April 13, 2025 @ 3:37 pm By Michael Wong  |  

The National Bank of Oman (NBO) has launched a fully digital account opening feature on its mobile app, allowing users to open accounts without visiting a branch or submitting physical documents, as part of its broader shift toward mobile-first banking services. The app-based feature enables… Read More

April 12, 2025 @ 7:25 am By Omar Faridi  |  

Mayer Brown continues to expand its complex structured financing capabilities with the addition of two lawyers—Rudgee S. Charles and Jeff O’Connor—who have joined the firm’s Banking & Finance practice. Rudgee joins the firm’s New York office as a partner. Jeff joins the firm’s Chicago office,… Read More