Tagged: banking

March 15, 2024 @ 10:15 am By Omar Faridi  |  

Grasshopper has announced Gabrielle Piasio’s addition as Senior Vice President of Sponsor Banking. This move marks the bank’s continued commitment to providing comprehensive lending and depository solutions to companies of all stages. In this role, Piasio is expected to help move the banking institution’s strategic… Read More

March 15, 2024 @ 5:44 am By Omar Faridi  |  

Aquis Exchange PLC is announcing that it has been awarded the contract to provide the Central Bank of Colombia, Banco de la República, with the technology and support services for the operation of its government bond market (Sistema Electrónico de Negociación – SEN). Aquis Technologies… Read More

March 14, 2024 @ 11:59 am By Omar Faridi  |  

Tuum, the core banking provider today announces that Citi Ventures, a venture capital arm of US-headquartered Citigroup, has become a strategic investor in the company as a follow-on from Tuum’s recently announced series B fundraising. At the start of February, Tuum announced “a EUR25m Series… Read More

March 14, 2024 @ 4:22 am By Omar Faridi  |  

Sygnum’s B2B banking platform provides a secure, fully regulated bridge between traditional finance and digital assets. Through its partnership with Sygnum, PKB further “expands its portfolio of innovative new products as well as future-proofs its platform through the on-demand launch of new regulated digital asset… Read More

March 12, 2024 @ 11:43 pm By Omar Faridi  |  

Finastra announced that Jefferson Bank, an independent bank serving communities across Texas, has selected Finastra Payments To Go, a payments-as-a-service solution for its new instant payments services. The cloud-based payments solution will “help Jefferson Bank to efficiently deliver both RTP TCH and FedNow services 24/7,… Read More

March 10, 2024 @ 1:03 pm By Tony Zerucha  |  

Green Dot Corporation (NYSE: GDOT), a digital bank and Fintech that offers consumers and businesses banking and payment solutions, this week announced the appointment of Melissa Douros as chief product officer. Douros will lead Green Dot’s product design and development team, with a focus on… Read More

March 8, 2024 @ 5:23 pm By Omar Faridi  |  

xpate, a frontrunner in the e-commerce payment solutions sector, announces its migration to Mambu’s cloud banking platform, marking an advancement in its service offerings across Europe. This transition signifies xpate’s commitment “to deploying a robust, scalable architecture that promptly adapts to evolving market demands and… Read More

March 8, 2024 @ 9:39 am By JD Alois  |  

MoneyLion (NYSE:ML) reported earnings this past week, which were received positively by investors. Following the earnings release, MoneyLion shares rocketed by almost 30%, and shares are expected to move higher following jobs data released this morning. MoneyLion is a Fintech that serves both retail and… Read More

March 6, 2024 @ 11:42 am By Omar Faridi  |  

ChargeAfter, the embedded lending platform for point-of-sale financing, has unveiled The Lending Hub, a platform that transforms how banks deliver lending solutions for merchants and their customers at scale. Designed to empower banks and financial institutions “to streamline the development, management, and distribution of multiple… Read More

March 5, 2024 @ 8:52 am By Omar Faridi  |  

UK’s challenger bank Monzo has finalized a heavily-trailed $400 million investment round, which has increased the firm’s valuation to $5 billion. The funding round, an incentive for pushing the banking platform towards profitability, was reportedly led by Alphabet-owned Capital G, along with contributions from Google… Read More

March 3, 2024 @ 8:34 pm By Michael Wong  |  

Despite the tightening of monetary policy by the US Federal Reserve, the banking sector in the Gulf Cooperation Council (GCC) countries experienced sustained growth in lending during the second quarter of 2023, according to a recent report by Kamco Invest. This growth was largely driven… Read More

March 1, 2024 @ 7:19 pm By Omar Faridi  |  

Appian (Nasdaq: APPN) has partnered with Symphony, the markets’ infrastructure and technology platform, to help banks and financial services firms communicate, collaborate, and automate compliantly in a highly competitive and regulated market. The partnership will enable customers to “embed auditable, compliance-enabled omnichannel communications on popular… Read More

March 1, 2024 @ 3:43 am By Omar Faridi  |  

Sygnum, a global digital asset banking group; Hamilton Lane (Nasdaq: HLNE), a global private markets investment management firm; and financial services firm Apex Group are expanding access to global private markets via new DLT-registered shares on the Polygon blockchain. Sygnum Bank, Hamilton Lane, and Apex… Read More

February 29, 2024 @ 9:36 pm By Omar Faridi  |  

Crypto.com, which claims to be “trusted” by more than 80 million customers worldwide and the industry leader in regulatory compliance, security and privacy, and BTG Pactual (BTG), the investment bank in Latin America, announced a new agreement to further advance crypto banking services across the… Read More

February 28, 2024 @ 10:00 am By JD Alois  |  

Treasury Prime, an embedded banking provider, is said to be laying off staff, according to a blog post. Today, the company has issued a statement outlining that it will shift its efforts to regulated banks. Jason Mikula, posting on LinkedIn,  claims that Treasury Prime has… Read More

February 28, 2024 @ 8:01 am By Omar Faridi  |  

Temenos (SIX: TEMN) announced that Šiaulių Bankas, which claims to be the largest independently-owned bank in Lithuania with over €4 billion in assets, has selected Temenos to modernize its core banking platform. Šiaulių Bankas will migrate its retail and corporate banking “including trade finance to… Read More

February 27, 2024 @ 4:15 pm By Omar Faridi  |  

Chime is pleased to announce a new partnership with Zogo, a financial education platform that offers bite-sized, gamified lessons where users can complete lessons to earn real rewards like gift cards, charity donations and more. All Chime members now “have fee-free access to more than… Read More

February 27, 2024 @ 8:00 am By Omar Faridi  |  

Saldo Bank, which is starting its operations in Sweden, offers an interest rate of as much as 5% for a year’s deposit. Jarkko Mäensivu, the CEO of Saldo Bank, said: “We want to increase fairness in fixed-term deposits.” The digital neobank with a Finnish background,… Read More

February 26, 2024 @ 9:51 pm By Omar Faridi  |  

Nu Holdings Ltd. (NYSE: NU), one of the largest digital financial services platforms, released its Fourth Quarter and Full Year 2023 financial results. Financial results are expressed “in U.S. dollars and are presented in accordance with International Financial Reporting Standards (IFRS).” David Vélez, founder and… Read More

February 24, 2024 @ 2:22 pm By Omar Faridi  |  

The National Basketball Association (NBA) and SoFi (NASDAQ: SOFI) announced a multi-year partnership making SoFi the official banking partner of the NBA, NBA G League, NBA 2K League and USA Basketball. SoFi, the bank and personal finance company, will also be “the official entitlement partner… Read More