Tagged: banking

February 7, 2024 @ 9:40 am By Omar Faridi  |  

Temenos (SIX: TEMN) announced that Puerto-Rico headquartered Segura Bank International, Corp. (SBI) has gone live with Temenos core banking platform deployed in the cloud to power a new digital bank for mid to high earners in Latin America. Temenos’ cloud-native platform will “enable SBI, which… Read More

February 6, 2024 @ 10:27 pm By Omar Faridi  |  

Ironically, according to Dima Kats, CEO of Clear Junction, banks and financial institutions are probably some of the most unbanked segments in the world. From high fees to long settlement times, regulatory pressures to difficulty in accessing multi-country payment options, the issues and barriers facing… Read More

February 6, 2024 @ 10:23 pm By Omar Faridi  |  

Nubank (NYSE:NU), which claims to be one of the largest digital financial services platforms in the world, reaches the milestone of 1.5 million users of “Modo Rua,” a security feature that allows users to set a maximum total value for transactions via Pix, TED, or boleto… Read More

February 6, 2024 @ 10:19 pm By Omar Faridi  |  

Montran has announced the launch of an innovative multi-currency virtual account management platform for Intesa Sanpaolo, Italy’s premier banking institution with a global financial services presence. This platform marks a strategic enhancement in the bank’s ability “to manage multi-currency cash and liquidity for its diverse… Read More

February 6, 2024 @ 8:37 am By Omar Faridi  |  

Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, announced that its Principal Finance Group closed $825 million of capital commitments in 2023. The new investments, which “include senior secured credit facilities as well as programmatic asset purchase arrangements, provide specialty finance… Read More

February 1, 2024 @ 10:03 pm By Omar Faridi  |  

Plumery, a mobile and digital banking technology provider, and Sumsub, a global full-cycle verification platform, are partnering up, according to a joint statement. Within the partnership, Plumery has integrated Sumsub‘s capabilities “into its new-generation ‘Headless’ digital banking engagement platform, launching first with Sumsub’s Know Your… Read More

February 1, 2024 @ 7:58 pm By Omar Faridi  |  

Banco Santander has announced the appointment of Petri Nikkilä as the new global CEO of Openbank and head of the Digital Consumer Bank’s non-auto consumer business. Mr. Nikkilä succeeds Ezequiel Szafir, who “was Openbank’s CEO until last year, and will report to Daniel Barriuso, head… Read More

February 1, 2024 @ 8:27 am By Omar Faridi  |  

Santosh Radhakrishnan, CCO at XYB, an end-to-end coreless banking platform, recently commented on the future of banking and the different challenges the financial services sector is facing. Santosh also talked about the key pain points that presently exist in the banking sector. XYB claims that… Read More

January 31, 2024 @ 8:53 am By Omar Faridi  |  

Tandem, a UK digital bank, has announced the appointment of Maria Khan, as Director of Product and Digital, and Chris Parker, as Head of Marketing. As Director of Product and Digital, Maria leads “the development of Tandem’s exciting digital offering, working with the team to… Read More

January 31, 2024 @ 8:36 am By JD Alois  |  

Apple (NASDAQ:AAPL) has revealed that the number of Apple Card holders now numbers over 12 million since its launch in 2019. Apple partners with Goldman Sachs (NYSE:GS) to provide the Fintech services. At the same time, in the past several days, Apple moved its Apple… Read More

January 30, 2024 @ 5:25 pm By JD Alois  |  

LendingClub (NYSE:LC) reported Q4 earnings today generating a net income of  $10.2 million and a diluted EPS of $0.09. A year prior in the same quarter, LendingClub generated a net income of  $38.9 million and a diluted EPS of $0.36. Scott Sanborn, CEO of LendingClub,… Read More

January 30, 2024 @ 2:08 pm By Omar Faridi  |  

Grasshopper, the digital bank built for the business and innovation economy, announced it closed 2023 with strong revenue growth and marked milestones across multiple channels, including significant growth “in new client onboarding, on-going enhancements to the client experience, new products, and the continued commitment to… Read More

January 30, 2024 @ 1:25 pm By Omar Faridi  |  

Bluevine, the one-stop digital banking platform specifically designed for small businesses,  announced a new partnership with Allpoint to “provide more convenient ATM cash deposit access to its customers through 1,500 Allpoint+ enabled ATMs.” Combining the new Allpoint partnership with participating Green Dot retailers, small business… Read More

January 30, 2024 @ 11:23 am By Omar Faridi  |  

Grupo Financiero Banorte, one of Mexico’s largest financial firms, has introduced bineo, a virtual bank that will provide savings accounts as well as personal loans with the goal of onboarding 2.8 million new customers in the upcoming 5 years. Banco Banorte, which is reportedly owned… Read More

January 29, 2024 @ 10:12 pm By Omar Faridi  |  

CaixaBank extended the coverage of its financial services network in 2022 and 2023 to a total of 484 new towns in rural areas where the bank previously had no presence. These service points have been “incorporated through the arrival of new mobile branches and the… Read More

January 29, 2024 @ 8:11 pm By JD Alois  |  

SoFi (NASDAQ:SOFI), a regulated digital bank that provides many different financial services, reported Q4 financial results today and Wall Street likes them. SoFi became a public company via a SPAC deal. Currently, shares in SoFi closed over 20% higher on the news now trading over… Read More

January 29, 2024 @ 3:14 pm By JD Alois  |  

NatWest is planning to close 30 more bank branches in 2024, according to a report by GBNews. This most recent revelation of branch closures just adds to the dozens of closures that have taken place in recent months. The report lists the locations of the… Read More

January 29, 2024 @ 11:13 am By JD Alois  |  

Koho, a Canadian Fintech, says it is moving forward with its pursuit of a banking license. According to a note from the firm, Koho has entered the “next phase” of securing approval from regulators. Koho currently offers a spending and savings account and an integrated… Read More

January 28, 2024 @ 9:20 pm By Omar Faridi  |  

i2c Inc., a provider of banking and payments solutions, announces a five year partnership with The Bank of Missouri (TBOM), a community bank renowned for its pioneering digital banking initiatives. Through this alliance, the bank provides fintechs the ability “to more quickly offer a full… Read More

January 28, 2024 @ 6:47 pm By Michael Wong  |  

Digital banks are now seeking to engage with the Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, to establish multilateral relationships and foster an open banking ecosystem. This initiative aims to attract more borrowers and support the operation of digital banks in… Read More