Tagged: banking

November 3, 2024 @ 4:17 pm By Omar Faridi  |  

Lunar and Saldo Bank have entered a partnership in order to transform Nordic banking and payment solutions. Lunar, the Nordic challenger bank, announces a partnership with Saldo Bank, a fintech and banking provider. Saldo Bank is reportedly the first banking institution to leverage Lunar’s Nordic… Read More

October 31, 2024 @ 10:32 am By Omar Faridi  |  

Upvest is working with Revolut so that the digital banking platform can expand its wealth and trading product offering by introducing ETFs and fractional European stocks for the first time. In the 6 months since integrating Upvest’s Investment API, Revolut has launched investment products with… Read More

October 31, 2024 @ 8:20 am By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), the provider of intelligent banking solutions, announced that it has entered into a definitive agreement to acquire FullCircl. FullCircl is a UK-headquartered SaaS (software as a service) platform, built to help FIs and regulated companies grow revenue, automate and accelerate onboarding,… Read More

October 29, 2024 @ 8:39 am By JD Alois  |  

ClearBank and Visa (NYSE:V) have announced a collaboration on “Issuance and Money Movement solutions.” This is for both local and global transactions. ClearBank is regulated by the UK FCA and PRA. In the EU, ClearBank is authorised by the European Central Bank (ECB) and supervised… Read More

October 27, 2024 @ 11:45 pm By Omar Faridi  |  

Cross River Bank has recently released an extensive statement on the proposed requirements for custodial deposit accounts. Gilles Gade, Founder and CEO at Cross River Bank, stated that during this past year, the collapse of Synapse triggered a fallout with their FDIC Insured banking partner,… Read More

October 27, 2024 @ 4:40 pm By Omar Faridi  |  

The MFSA is urging sector-wide alignment to banking risk as well as capital disclosure practices. The MFCA noted in a recent update that it is calling for enhanced consistency as well as more transparency among credit institutions. The Malta Financial Services Authority (MFSA) has issued… Read More

October 26, 2024 @ 10:58 am By Omar Faridi  |  

Bank of America (NYSE: BAC) claims that it remains dedicated to the use of innovative tech to address the needs of its clients and employees. This commitment to innovation has led to a 94% increase in artificial intelligence (AI) and machine learning (ML) “granted patents… Read More

October 25, 2024 @ 10:27 am By JD Alois  |  

LendingClub (NYSE:LC), one of a handful of pure-play digital banks, saw its shares hit a new 52-week high yesterday before retreating towards the end of the day following its Q3 earnings announcement. Shares are trading higher again in early morning trading. LendingClub has undergone a… Read More

October 24, 2024 @ 8:53 am By Omar Faridi  |  

UK Finance has released its 2024 banking sector tax report, UK Finance has shared key insights in its latest estimate of the total tax contribution of the UK banking sector, produced by Big Four auditing and professional services firm PwC. The detailed analysis shared by… Read More

October 24, 2024 @ 8:51 am By Omar Faridi  |  

Sygnum, a digital asset banking group, announces a new office in Lugano, the largest city in the Canton of Ticino and the Italian-speaking area of southern Switzerland. The move aims to expand client services and enable collaboration with the  Lugano-based Bitcoin and digital asset ecosystem… Read More

October 23, 2024 @ 4:30 pm By Omar Faridi  |  

Despite the arrest of key operators in early 2024, Grandoreiro continues to be used by its partners in new campaigns. Kaspersky Global Research and Analysis team (GReAT) has reportedly “discovered a new light version focused on Mexico, targeting around 30 banks.” These findings are to… Read More

October 23, 2024 @ 4:27 pm By JD Alois  |  

Shares of LendingClub (NYSE:LC) are inching higher after delivering Q3 2024 results. According to the digital bank’s CEO the company had a “standout quarter” CEO Scott Sanborn said that credit performance, a larger balance sheet and strong financial performance delivered good results. “Looking ahead, our… Read More

October 23, 2024 @ 7:32 am By Omar Faridi  |  

European digital banking platform CaixaBank consolidates its position in mobile banking and partners with Apple (NASDAQ:AAPL) to enhance customer experience. CaixaBank closed the first months of the year with 4.4 million customers with cards linked to mobile devices, figures that are “on the rise,” with… Read More

October 23, 2024 @ 7:30 am By Omar Faridi  |  

The number of global banks losing clients to slow and inefficient know your customer (KYC) onboarding practices has surged to a record high this year, according to new research from Fenergo, the provider of solutions for KYC, client lifecycle management (CLM) and transaction monitoring. A… Read More

October 22, 2024 @ 8:59 am By Omar Faridi  |  

Alex Jimenez from Backbase has shared key insights with Crowdfund Insider. Alex mainly focused on the advantages of leveraging the latest Fintech technologies and how innovative tech may be used to complement existing banking solutions. Alex Jimenez serves as the Lead Principal Consultant at Backbase. He… Read More

October 21, 2024 @ 4:14 pm By JD Alois  |  

Spanish bank Santander showed up to ring the closing bell at the New York Stock Exchange today to celebrate the launch of Openbank by Santander. Openbank is a digital-only bank powered by Santander. The company explains: Openbank, a division of Santander Bank, N.A., combines Santander’s… Read More

October 20, 2024 @ 2:40 pm By Omar Faridi  |  

Hazeltree, a New York-based cloud-based treasury and liquidity management solution for hedge funds and private equity firms, has announced a partnership with Necto API, a fintech  transforming corporate finance and treasury departments by aggregating bank APIs. This will enable Hazeltree to enhance its banking connectivity… Read More

October 18, 2024 @ 5:54 pm By Omar Faridi  |  

HKMA has recently introduced several different strategic measures to support SMEs’ development, upgrade and transformation. The Hong Kong Monetary Authority (HKMA), together with the banking sector, introduced measures in order to further support, via financing as well as banking products and services, the “continuous development”… Read More

October 17, 2024 @ 8:27 am By Omar Faridi  |  

Digital bank N26 announced recently that it has further strengthened its offer in 12 new markets with the launch of Stocks as well as ETFs trading. With the rollout of N26 Stocks and ETFs, clients residing in Belgium, Denmark, Estonia, Finland, Greece, Latvia, Lithuania, Norway, Poland, Portugal,… Read More

October 14, 2024 @ 6:40 pm By Omar Faridi  |  

Brazil’s digital banking platform Nubank (NYSE: NU) recently introduced the Coupon Hub in Shopping do Nu, which is a discount center that aims to bring together various offers available in its marketplace and which will be gradually made available to clients. With this latest functionality,… Read More