Tagged: banking

December 11, 2023 @ 7:09 am By Omar Faridi  |  

European digital bank N26 recently announced the appointment of Juan Bongiovanni to a key executive role. As noted in a blog post by N26, the digital bank confirmed the appointment of global marketing professional Juan Bongiovanni as Chief Marketing Officer. Juan will reportedly join the… Read More

December 7, 2023 @ 8:04 am By Omar Faridi  |  

Liberis, an embedded business finance solutions provider, announced it has secured $112 million in debt financing in order “to support its further growth in North America and Europe and expansion into new markets, including Canada, Poland and Germany.” This collaboration is set “to inject a… Read More

December 4, 2023 @ 9:09 pm By Omar Faridi  |  

Pakistan has emerged as one of the fastest-growing markets for freelancers and digital services. Although the majority of the nation’s residents are living in poverty, and the country continues to face major political and economic challenges, there is still a significantly large digital economy that… Read More

November 30, 2023 @ 9:28 pm By Omar Faridi  |  

Banks and financial institutions in Thailand leverage mature technology and incorporate modern features. However, industry professionals at the recent ENGAGE ASIA 2023 emphasized “that the challenge stems from the absence of unification across different touchpoints, resulting in fragmented customer engagement.” The majority of the systems… Read More

November 30, 2023 @ 8:10 pm By Omar Faridi  |  

Banco Security will enhance its digital offering with Backbase‘s Engagement Banking platform, laying the foundation for the next generation of banking services. As part of its comprehensive $50 million digital investment plan spanning four years, Grupo Security is driving “a set of initiatives aimed at… Read More

November 29, 2023 @ 11:15 am By JD Alois  |  

Digital bank N26 says it will offer stock and ETF investments in App by partnering with Upvest. Upvest offers an Investment API that is available to financial services firms to access capital market investment and retirement planning. Upvest will be providing the licenses necessary for… Read More

November 28, 2023 @ 11:44 pm By Omar Faridi  |  

Finastra’s annual survey reveals that, despite global economic uncertainty, US financial institutions are primed to invest in artificial intelligence (AI), Banking as a Service (BaaS) and embedded finance, “striking an optimistic tone for innovation.” The ‘Financial Services: State of the Nation Survey 2023’ finds that… Read More

November 28, 2023 @ 7:56 am By Omar Faridi  |  

Revolut, the financial global super app with over 35 million customers, has announced the appointment of Dan Teodosiu to the Board as a Non-Executive Director. Dan has over 30 years of experience “building and managing high-performing engineering and research teams, as well as scaling platforms… Read More

November 28, 2023 @ 12:51 am By Omar Faridi  |  

Nium, the firm enabling real-time global payments, and Jeonbuk Bank (JB Bank), aSouth Korean financial institution, have announced a partnership. Together, they will offer the country’s first global remittance service “targeted at the 2.5 million non-Korean residents that live in South Korea.” The service will… Read More

November 27, 2023 @ 12:06 pm By JD Alois  |  

Varo Bank, the first native digital bank in the US, says it has increased its Cash Advance amount for certain customers – double the previous amount available of $250. Varo Bank says the Cash Advance offering is “one of the lowest-cost short-term loans available among… Read More

November 27, 2023 @ 10:48 am By Omar Faridi  |  

We recently spoke with Mantvydas Štareika, the digital financial services professional and CEO of CapitalBox. This company, which Štareika joined in the last quarter of 2022, is one of the European fintech lenders that provides the EU’s startup ecosystem with timely, trusted, and specifically tailored… Read More

November 26, 2023 @ 10:22 am By Omar Faridi  |  

AMLYZE, a RegTech specializing in anti-financial crime solutions for FinTechs, banks and crypto businesses, and Plumery, a digital banking solution provider, have joined forces in a partnership in order “to reshape the landscape of financial technology.” With a commitment to combating financial crime, AMLYZE offers… Read More

November 25, 2023 @ 6:05 am By Omar Faridi  |  

Trafalgar, a Mexico-based financial services provider for SMEs (regulated SOFIPO), today announces its partnership with Thought Machine, the cloud-native banking technology company, to create Mexico’s first fintech deployed on next-generation core technology. Trafalgar will use Thought Machine’s core banking platform, Vault Core, and develop a… Read More

November 24, 2023 @ 10:14 am By Omar Faridi  |  

We recently caught up with DK Sharma, the President and Chief Operating Officer at Kore.ai, which focuses on providing conversational and generative AI value to large enterprises, enabling them to deploy AI responsibly, creating substantial value in customer support, employee interactions, and enhancing sales and… Read More

November 24, 2023 @ 7:12 am By Omar Faridi  |  

Form3 is to provide SEPA Instant, Credit Transfer and Direct Debit connectivity for Klarna’s 150m active customers across more than 500,000 merchants. Form3, the cloud-native account-to-account platform, is pleased to announce it will be providing Klarna, the AI-powered payments network and shopping assistant, with SEPA… Read More

November 23, 2023 @ 10:25 am By Omar Faridi  |  

One year ago, OakNorth – the UK digital bank has acquired a 50% stake in ASK Partners (ASK), a specialist lender that reportedly has enabled over £1.4 billion of lending through its platform “where institutional partners, family offices, and high net worth individuals provide funding.”… Read More

November 22, 2023 @ 7:36 am By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), a key player focused on cloud banking for the global financial services industry, announced that Alba Bank has made a significant step “towards supporting the UK’s small- and medium-sized businesses (SMEs) by adopting the nCino Cloud Banking Platform.” As a secure… Read More

November 21, 2023 @ 7:47 pm By JD Alois  |  

Kroo, a UK digital bank authorized and regulated by the Prudential Regulation Authority and Financial Conduct Authority, is raising money on Crowdcube. Kroo has listed a securities offering to raise £1 million at a pre-money valuation of £120 million. That funding target has already been… Read More

November 20, 2023 @ 10:28 pm By Omar Faridi  |  

PT Bank Jasa Jakarta (BJJ), owned by Astra Financial and WeLab since 2022, launched Bank Saqu, a digital banking service, as a financial partner for individuals and SMEs in Indonesia with a solopreneur spirit. At the launch ceremony of Bank Saqu, it was “attended by… Read More

November 18, 2023 @ 12:08 pm By Michael Wong  |  

Fintech lending is expected to surpass traditional banking by 2030, according to a recent report by the Centre for Advanced Financial Research and Learning (CAFRAL). The forecast by CAFRAL, an independent body established by the Reserve Bank of India (RBI) in 2011, underscores the profound… Read More