Tagged: banking

March 16, 2023 @ 8:14 am By Omar Faridi  |  

Fintech firm Hokodo joins forces with French international banking group BNP Paribas in order to deliver a frictionless B2B Buy Now, Pay Later (BNPL) solution that “enables large multinational corporates to provide payment alternatives to their business customers.” Together, BNP Paribas and Hokodo will “offer… Read More

March 15, 2023 @ 10:38 pm By Omar Faridi  |  

livi bank, which claims to be one of Hong Kong’s leading lifestyle and technology-driven virtual banks, recently announced the full launch of livi Business, which is described as its game-changing service designed “to empower SMEs (small and medium enterprises) to pursue their ambitions by meeting… Read More

March 14, 2023 @ 11:08 am By JD Alois  |  

Moody’s Investors Service has downgraded the entire US banking sector following the events in the past week. Moody’s said it has changed its outlook from stable to negative. This is a reflection of the events impacting Silicon Valley Bank (SVB), Signature Bank (SBNY), and Silvergate… Read More

March 13, 2023 @ 7:39 pm By Omar Faridi  |  

Cuscal Limited, which claims to be one of Australia’s largest independent providers of payments, banking, and regulated data and Basiq Pty Ltd, a Consumer Data Right (CDR) platform that provides data services to banks, Fintechs, and start-ups, have entered into a binding agreement under which… Read More

March 13, 2023 @ 8:49 am By Omar Faridi  |  

The Bundesbank reportedly convened its crisis team on Monday (March 13, 2023) in order to assess the impact of the fallout of the US-based lender Silicon Valley Bank (NASDAQ:SIVB) on the domestic market, even while no emergency action or measures were expected in Europe. As… Read More

March 12, 2023 @ 11:30 pm By Omar Faridi  |  

Feedzai, the firm focused on fighting financial crime with AI, has partnered with UK Finance, the trade association for the UK’s banking and financial services sector, to deliver its Annual Fraud Report. UK Finance has chosen Feedzai as the lead sponsor and contributor “for the… Read More

March 12, 2023 @ 11:11 pm By Omar Faridi  |  

Strong ecosystems and client proximity are key prerequisites for sustainably driving innovation and helping to shape the future of the Swiss financial center. A strategic partnership between UBS (SWX: UBSG), the universal bank and digital market leader in Switzerland, and the largest Swiss innovation ecosystem… Read More

March 12, 2023 @ 6:28 pm By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), a global provider of real-time payments and digital payment software solutions, and Security Bank Corporation, a universal bank in Philippines, announced that the bank has chosen ACI Worldwide’s Enterprise Payments Platform solution to strengthen its real-time payment capabilities. The partnership will… Read More

March 11, 2023 @ 6:33 pm By Omar Faridi  |  

Orion Innovation, a digital transformation and product development services firm, announced the acquisition of Banktech Software Services Ltd, a core banking implementation partner for global financial institutions. Banktech will complement Orion’s financial services business by “bringing additional industry expertise, open banking solutions, and implementation capabilities… Read More

March 10, 2023 @ 5:47 pm By JD Alois  |  

The dust is still settling following the collapse of Silicon Valley Bank (NASDAQ:SIVB). While greater clarity may arise next week, clients of the bank are scrambling to figure out what they have and what they may not hold. Following the market close, LendingClub (NYSE:LC), a… Read More

March 9, 2023 @ 4:04 pm By Omar Faridi  |  

HM Bradley, Inc, a financial technology platform built to reward savers, announced a strategic partnership with Thought Machine, a provider of banking technology. The partnership “enables HMBradley to eliminate its waitlist and open new accounts for the first time in over 16 months.” HMBradley has… Read More

March 9, 2023 @ 10:47 am By Omar Faridi  |  

Alkami Technology Inc. (Nasdaq: ALKT), a cloud-based digital banking solutions provider for banks and credit unions in the U.S., announced that Maine-based Kennebec Savings Bank has launched the Alkami Digital Banking Platform. Alkami’s integrated solution and single platform for business, retail and mobile banking enables… Read More

March 9, 2023 @ 8:03 am By Omar Faridi  |  

Intergiro, a European Banking as a Service (BaaS) platform based in Sweden, announces its partnership with Retreeb, a Swiss payment solution empowering consumers to support social causes. This partnership marks a significant milestone “towards the launch of Retreeb‘s sustainable payment solution and reinforces its commitment… Read More

March 8, 2023 @ 11:17 pm By Omar Faridi  |  

Pismo, which claims to be one of the world’s fastest-growing banking Software-as-a-Service (SaaS) firms, has announced a new capability of its core banking and payments platform: digital lending. Digital lending is “part of Pismo’s cloud-native and API-based platform.” It brings agility and flexibility “to accelerate… Read More

March 8, 2023 @ 8:32 am By Omar Faridi  |  

Following the announcement of impressive growth in the past year, Weavr has confirmed the acquisition of B2B Open Banking platform, Comma Payments, in “a first-of-its kind deal within the world of embedded finance.” The acquisition, which is “largely equity-based, will see Weavr retain most of… Read More

March 7, 2023 @ 8:42 am By Omar Faridi  |  

SmartSave Bank, a disruptive savings platform created by UK bank Chetwood Financial, has now received more than £1 billion in deposits. SmartSave reportedly “offers fixed-term, fixed-rate savings accounts, all of which are FSCS protected. Customers can deposit between £10,000 and £85,000, and they start earning… Read More

March 5, 2023 @ 5:04 pm By Omar Faridi  |  

First Fidelity Bank (FFB), a 100-year-old community bank headquartered in Oklahoma City, announced the launch of its next-gen Banking as a Service (BaaS) solution. The solution was “developed with Episode Six (E6), a global payments and banking infrastructure provider that provides a simple, flexible platform… Read More

March 4, 2023 @ 11:32 am By Omar Faridi  |  

Starling Bank has chosen Barings’ Landmark in Manchester to house its new office in the North. The digital bank intends “to create up to 1,000 new jobs for the region to fulfil roles across the company, including in operations, engineering, data science and cybersecurity.” The… Read More

March 4, 2023 @ 11:02 am By Omar Faridi  |  

Buddy, which claims to be one of the most popular budgeting apps in the world for Gen Zers and young people, has partnered with Klarna Kosma, Klarna Kosma, Klarna’s financial technology platform for banks, fintechs and innovative retailers, “to allow Buddy users to connect their… Read More

March 4, 2023 @ 10:53 am By Omar Faridi  |  

Xapo Bank, a Bitcoin custodian and licensed private bank, has partnered with Lightspark and integrated with the Lightning Network “to enable lightning-fast Bitcoin payments for its customers.” Xapo Bank members “can now instantly pay for small purchases of up to $100 USD at any vendor… Read More