Tagged: banking

June 30, 2023 @ 10:45 pm By Omar Faridi  |  

Driven by the banking giants’ continuous quest for digital excellence and in line with its ambitious transformation strategy, the financial service provider announced the launch of DIB alt, which is described as “a full-fledged digital umbrella brand to house all of the bank’s digital offerings… Read More

June 30, 2023 @ 8:00 am By Omar Faridi  |  

NatWest, which claims to be the UK’s biggest bank for business, is offering 24 months of free business banking to UK businesses “switching their main business banking account to NatWest.” The new SME switcher offer from NatWest for businesses “with up to £2m in turnover… Read More

June 30, 2023 @ 7:49 am By Omar Faridi  |  

LHV Bank, a provider of banking services to global fintechs and SME lending solutions to UK businesses, announces the appointment of Rachelle Frewer “as its incoming Chief Financial Officer.” Subject to regulatory approval, Rachelle will “start her position on 2 January 2024 and will also… Read More

June 29, 2023 @ 6:14 pm By Omar Faridi  |  

Backbase, a global Fintech company and creators of a unified Engagement Banking Platform that improves every aspect of the customer and member experience, announced multiple new hires to its Enterprise team in North America. The addition of these skilled professionals shows Backbase’s dedication “to the… Read More

June 29, 2023 @ 8:49 am By Omar Faridi  |  

Binance, which claims to be the largest crypto exchange that’s being sued by US regulators for a wide range of issues, has now had its European banking partner Paysafe Payment Solutions (NYSE: PSFE) reveal that it will stop offering its embedded wallet solution to the… Read More

June 27, 2023 @ 9:15 pm By Omar Faridi  |  

Feedzai, which claims to be the world’s first RiskOps platform for financial risk management, has partnered with Portuguese bank Novo Banco S.A. (Novobanco) “to further enhance the bank’s customer experience, improve its digital journey and provide best in class fraud protection.” Novobanco is a domestic… Read More

June 26, 2023 @ 2:33 pm By Omar Faridi  |  

QNB Group, in collaboration with IBM (NYSE: IBM) and its ecosystem partner, Mannai InfoTech, an ICT Division under Mannai Trading Company WLL have delivered an innovative, pioneering and engaging Digital Banking experience to its customers. IBM Consulting’s Business Transformation expertise, the IBM Garage methodology and… Read More

June 25, 2023 @ 7:58 pm By Omar Faridi  |  

Banking-as-a-Service Fintech Bankable has reportedly acquired Arex Markets, giving the combined business entity the capability to effectively embed credit and working capital into the payment channels of major neobanks, multinational/global brands as well as Fintech platforms. Financial terms of the transactions have not been shared… Read More

June 25, 2023 @ 12:46 pm By Omar Faridi  |  

SAP Fioneer, a global provider of financial services software solutions and platforms, has announced the launch of its Fioneer SME Banking Edition. The solution will “enable banks and neobanks to offer banking capabilities in a digital-first and data-driven approach, tailored to the financial needs of… Read More

June 25, 2023 @ 12:45 pm By Omar Faridi  |  

According to a new study by IDC Financial Insights supported by Episode Six (E6), a global provider of enterprise-grade payment processing and digital ledger infrastructure, spending “on legacy paytech is rising rapidly and damaging the growth prospects of banks around the world.” Global financial institution… Read More

June 25, 2023 @ 12:35 pm By Omar Faridi  |  

Research from Vodeno/Aion Bank has recently revealed just how embedded banking adoption is “significantly boosting brand loyalty for companies, with consumers more likely to use embedded banking products from brands as a result of the cost-of-living crisis.” The European Banking-as-a-Service (BaaS) provider’s study “revealed that… Read More

June 24, 2023 @ 10:37 am By Omar Faridi  |  

Account-to-account (A2A) payment infrastructure provider, Token.io, announces the launch of its virtual settlement accounts, enabling payment providers to unlock the full potential of ‘Pay By Bank’ for ecommerce. Token.io’s new virtual accounts solution will “provide payment providers with real-time notification of settlement as they collect… Read More

June 23, 2023 @ 7:29 pm By Omar Faridi  |  

Backbase, the Engagement Banking leader, is bringing additional convenience to bank customers and credit union members with features from the Entrust Digital Card Solution. Leveraging push provisioning from Entrust, Backbase now “enables end customers to securely add their payment cards to third-party wallets like Apple… Read More

June 23, 2023 @ 11:06 am By Omar Faridi  |  

Xapo Bank, a “fully licensed” private bank that combines traditional banking with the utility of Bitcoin and stablecoins, announced that it will begin accepting members across South Asia, including India, “making its full suite of hybrid banking services and the financial opportunities they present accessible… Read More

June 22, 2023 @ 3:55 pm By Omar Faridi  |  

LHV Bank, a banking services provider to Fintech companies, has been selected by Montonio, a “rapidly growing” e-commerce checkout solution provider, to enhance its merchant services. LHV Bank’s robust API-driven infrastructure “will serve as the backbone for Montonio’s enhanced customer experience.” With LHV Bank’s suite… Read More

June 21, 2023 @ 11:17 pm By Omar Faridi  |  

Bluevine, the provider of small business banking solutions, today announced the appointment of Kevin McLaughlin as the company’s new Senior Director of PR & Communications. McLaughlin is said to be “a seasoned communications leader and marketing strategist with significant expertise supporting financial services and technology… Read More

June 21, 2023 @ 7:51 am By Omar Faridi  |  

Mambu has strengthened its presence in Thailand with the appointment of a new in-country team, led by Woratep Yunyongkul as Country Manager and Wiwat Masuchun as Regional Partner Manager. With extensive experience in banking and technology fields, the new Mambu Thailand team is poised “to… Read More

June 21, 2023 @ 7:49 am By Omar Faridi  |  

Deutsche Bank AG (ETR: DBK) has reportedly submitted an application for obtaining regulatory clearance to serve as a digital asset custodian, based in Germany, the bank revealed on Tuesday (June 20, 2023). As first reported by Bloomberg, this latest development from Deutsche Bank comes only… Read More

June 20, 2023 @ 9:23 pm By Omar Faridi  |  

TransBnk, the Mumbai-based Fintech startup, has successfully raised $1 million in seed funding. The investment round was “led by 8i Ventures, the early stage India-focused VC fund known for its notable successes in the fintech space, including M2P, Slice, Easebuzz, amongst others.” Other contributors to… Read More

June 19, 2023 @ 11:24 pm By Omar Faridi  |  

Mastercard (NYSE: MA) is partnering with Bankiom, a UAE-based lifestyle banking app, to introduce digital payment cards across the UAE, Saudi Arabia, Bahrain, Kuwait, and Oman. This partnership marks “a significant stride in Mastercard‘s ongoing commitment to advancing digitalization in the payments landscape throughout the… Read More