Tagged: banking

June 23, 2024 @ 7:51 am By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), a firm focused on cloud banking for the global financial services industry, made generally available its new artificial intelligence (AI) solution, Banking Advisor. nCino’s Banking Advisor is said to be “a banker-focused, conversational co-pilot tool that provides financial institutions a modern… Read More

June 22, 2024 @ 8:21 pm By Tony Zerucha  |  

Apiture, a provider of digital banking solutions, this week released key findings from a survey of more than 2,000 U.S. consumers conducted with market research and analytics company The Harris Poll. The study finds that although 80% of Gen Z and 75% of millennials have… Read More

June 21, 2024 @ 6:05 pm By Omar Faridi  |  

Numerated has announced a strategic investment from Citi (NYSE:C). Citi will also engage Numerated to “provide its financial spreading solution for the bank’s enterprise lending operations.” Numerated is a modular commercial lending platform “delivering efficient experiences to any or all parts of the credit process.”… Read More

June 21, 2024 @ 7:10 am By Omar Faridi  |  

Digital bank Revolut is reportedly looking to become the most valuable startup in Europe with a target valuation of around $40 billion. This according to a report from the FT. Sources that claim to be familiar with these plans reportedly told the FT that Revolut… Read More

June 20, 2024 @ 11:56 am By Michael Wong  |  

Celcoin, a player in the Banking-as-a-Service (BaaS) financial technology market in Brazil, has announced raising $125 million in its latest funding round led by global growth equity investor Summit Partners. The funding aims to bolster Celcoin’s expansion plans and reinforce its commitment to providing financial… Read More

June 20, 2024 @ 9:15 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a subscription line to Palamon, a UK-based European mid-market private equity firm. Palamon has deployed more than €2.5bn in mid-cap companies “since its inception in 1999, with a focus on financial services, business services, consumer… Read More

June 19, 2024 @ 10:38 pm By Omar Faridi  |  

LendingClub (NYSE: LC) has reportedly surpassed $3 billion in loans sold via its structured certificates program. LendingClub Corporation, the parent company of LendingClub Bank, which claims to be one of America’s leading digital marketplace banks, recently announced that it has surpassed $3 billion in loans… Read More

June 18, 2024 @ 11:08 pm By Omar Faridi  |  

The ACPR and AMF Joint Unit for Insurance, Banking and Retail Investment has released its 2023 Annual Report. Over the last two years, rising interest rates and inflation have “changed retail investors’ expectations of financial products, leading the authorities to adapt their supervision of commercial… Read More

June 18, 2024 @ 5:26 pm By Omar Faridi  |  

ZA Bank announced the launch of StockBack, a stock rebate program that allows users to get a free draw of various US stocks after each successful stock purchase transaction. The move sets a precedent in the local banking industry “where users can get ‘stockback’ from… Read More

June 18, 2024 @ 3:21 am By Omar Faridi  |  

With a stabilizing tech sector, easing interest rates and an IPO on the horizon, accounting and banking software platform Ageras eyes both growing supply and demand for a pan-European consolidation in the fintech and business software market “servicing Europe’s almost 25 million SMEs.” And according… Read More

June 17, 2024 @ 8:22 pm By Omar Faridi  |  

Mastercard (NYSE: MA) and Thought Machine, a cloud-native banking technology company, are advancing their partnership to deliver high-quality payments and core banking (critical back-end technology for product and account management and the customer ledger) capabilities to financial institutions looking to modernize their technology stack. Mastercard’s… Read More

June 16, 2024 @ 3:59 pm By Michael Wong  |  

Mbanq has announced a strategic partnership with IG Tech Cambodia, a Fintech developer in Southeast Asia, to create IG Finlink Cambodia, with Mbanq holding a majority ownership stake. The alliance signifies Mbanq’s ambitious expansion into the ASEAN banking technology and Banking-as-a-Service (BaaS) markets. Initially focusing… Read More

June 13, 2024 @ 6:18 pm By Omar Faridi  |  

Qred, a bank based in Sweden, states that it is raising the loan limit for small business owners. Customers can now apply for loans “up to 5 million SEK, an increase of 3 million SEK from the previous maximum amount.” The increase is part of… Read More

June 13, 2024 @ 4:16 pm By Omar Faridi  |  

Citi (NYSE:C) announced the launch of Citi Real-Time Funding (RTF), the latest addition to its real-time treasury suite of solutions for corporate clients. Citi Real-Time Funding is now “available in Australia, Hong Kong and the United Kingdom, with plans to expand to additional markets later… Read More

June 13, 2024 @ 9:39 am By JD Alois  |  

Anchorage Digital Bank, a federally chartered digital bank that serves the digital asset sector, has appointed Connie Shoemaker, a former Goldman Sachs executive, to its Board of Directors. Shoemaker currently serves as Chief Operating Officer and Chief Financial Officer of Bridgewater Associates Holdings, Bridgewater’s parent company…. Read More

June 12, 2024 @ 10:48 pm By Omar Faridi  |  

BridgeFund, a challenger SME lender based in Amsterdam, chooses Mambu to fulfil its mission of bridging the financial needs of entrepreneurs. By utilising Mambu’s cloud banking platform, BridgeFund can “build its deposit, and soon, lending offerings with reliability and ease, while scaling in the Dutch… Read More

June 12, 2024 @ 7:22 pm By Omar Faridi  |  

Ozone API, the global open banking firm, recently announced a strategic partnership with Tuum, a core banking provider, to enable Tuum’s customers to comply with open banking regulations and commercialize open finance across the globe. The partnership represents a significant milestone “for both companies, combining… Read More

June 12, 2024 @ 6:04 pm By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be one of the world’s largest digital banking platforms outside of Asia, and Chubb, a global enabler of insurance, announced that they have reached a significant milestone of 2 million active insurance policies in Brazil. Contributing to the success… Read More

June 12, 2024 @ 8:18 am By Omar Faridi  |  

Starling Group has released consolidated results for Starling Bank, Engine by Starling, and Fleet Mortgages for the year ending 31 March 2024. The results show a third year of profitability for Starling Group, “driven by strong growth in revenue, deposits, active customers and customer transactions…. Read More

June 11, 2024 @ 2:50 pm By Omar Faridi  |  

U.S. Bank announced a partnership with Greenlight Financial Technology, Inc., the family fintech company on a mission to help parents raise financially-smart kids, to provide an innovative banking solution for families. Eligible U.S. Bank clients will now “have complimentary access to Greenlight’s debit card and… Read More