Tagged: banking

November 16, 2022 @ 7:01 pm By JD Alois  |  

Revolut, a UK-based neobank with global ambitions, has announced topping 25 million retail customers after reporting 20 million customers this past July. Revolut is a Fintech that offers modern digital banking services minus costly physical locations. The “financial super app” added that its expansion plans… Read More

November 16, 2022 @ 4:41 pm By Omar Faridi  |  

Members of the U.S. banking community announced the launch of a proof of concept (PoC) project that will “explore the feasibility of an interoperable digital money platform known as the regulated liability network (RLN).” Using distributed ledger technology, the proposed platform would “create innovation opportunities… Read More

November 15, 2022 @ 8:32 am By Omar Faridi  |  

LSEG (London Stock Exchange Group) and Mizuho Financial Group, Inc., one of Japan’s leading global financial institutions, announced an agreement “to collaborate in providing sustainability solutions to the bank’s corporate clients.” The agreement will enable Mizuho “to strengthen its offering to customers by combining LSEG’s… Read More

November 14, 2022 @ 10:26 pm By Omar Faridi  |  

Credisense, a no-code origination, workflow and credit decisioning platform, has partnered with cloud-native SaaS banking and financial services platform Mambu, “to accelerate the modernization of lending systems in the Asia Pacific market.” The partnership will “provide lenders of all sizes with a flexible end-to-end lending… Read More

November 14, 2022 @ 8:10 pm By Omar Faridi  |  

Nubank (NYSE: NU) announced to all its eligible customers the possibility of “opening an account with a debit card for those under 18 years of age.” The novelty, which passed through an initial phase of testing which started in June and has already “registered a… Read More

November 9, 2022 @ 4:19 pm By Omar Faridi  |  

Mambu’s cloud-native banking platform enables Wio Bank “to achieve a faster time to market as it helps establish the UAE as a hub for the growing digital economy.” Wio Bank provides access “to banking and business support services in a fast, convenient and fully digital… Read More

November 9, 2022 @ 8:50 am By Omar Faridi  |  

Worldline [Euronext: WLN], a global player focused on payment services, announced the signing of a binding agreement for the acquisition of Banco Desio’s merchant acquiring activities and the planned set-up of a commercial partnership “aiming to leverage Banco Desio’s banking network in order to distribute… Read More

November 8, 2022 @ 8:44 am By Omar Faridi  |  

Backbase, a global player focused on Engagement Banking, announced an expanded relationship with Eastern Bank, a Boston-based financial institution with approximately $22 billion in assets. Eastern is “adopting Backbase-as-a-Service (BaaS) and Backbase’s Engagement Banking Platform, which will offer enhanced digital banking solutions.” The solutions Eastern… Read More

November 7, 2022 @ 11:28 am By Omar Faridi  |  

BankWise Technology, a Saratoga Springs developer of  custom programming for banks, announced that it has “provided the system development, integration, and support for the nation’s first wearable payment ring launched by digital bank, Quontic.” The Quontic Pay Ring is described as “an innovative payment technology… Read More

November 6, 2022 @ 10:24 pm By Omar Faridi  |  

UnionDigital Bank, the digital banking subsidiary of Union Bank of the Philippines, recently announced its partnership with cloud-native banking technology company Thought Machine and has “deployed its core banking engine, Vault Core.” Thought Machine’s next-generation core technology has “enabled UnionDigital Bank to swiftly build its… Read More

November 4, 2022 @ 11:09 am By Omar Faridi  |  

Episode Six, the global payments and banking infrastructure provider, and Immersve, a multichain payments protocol and Scheme card issuer, have announced a partnership “to facilitate Scheme payments directly from Web3 digital wallets.” This partnership “brings together Episode Six’s globally distributed issuer processing expertise and Immersve’s… Read More

November 3, 2022 @ 7:07 am By Omar Faridi  |  

Moneythor, a solution provider of personalized customer experiences for banks and embedded financial services firms, announced at the Singapore FinTech Festival (SFF) the launch of “a wealth & portfolio management add-on module to its award-winning data-driven personalization and digital engagement solution.” Blending enterprise-scale technology with… Read More

October 31, 2022 @ 9:27 pm By Omar Faridi  |  

Cashfree Payments, India’s payments and API banking solutions company, has rolled out their Disbursement and Collections solution for Lending, “to enable NBFCs and their partner LSPs to comply with the new Digital Lending guidelines.” Cashfree Payments will “facilitate both digital lending and co-lending use cases… Read More

October 30, 2022 @ 11:25 pm By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), which claims to be a pioneer in cloud banking and digital transformation solutions for the global financial services industry, announced its partnership with Ashman Bank, a new entrant bank with plans “to transform the banking experience for UK property SMEs, a… Read More

October 30, 2022 @ 1:37 pm By Omar Faridi  |  

The Office of the Comptroller of the Currency recently announced it will “establish an Office of Financial Technology early next year to bolster the agency’s expertise and ability to adapt to a rapidly changing banking landscape.” The Office of Financial Technology will “build on and… Read More

October 27, 2022 @ 11:03 pm By Omar Faridi  |  

Moven, a firm that enhances virtual banking experiences for banks, credit unions, and fintech, is teaming up with upSWOT, a Fintech platform that allows service providers to support the success of SMB clients with embedded finance tools. As a result of this collaboration, Moven can… Read More

October 27, 2022 @ 12:20 pm By JD Alois  |  

Fitch Ratings says Fintechs and other non-bank financial institutions (NBFIs) are being blocked from receiving bank charters by public officials, adding that these digital firms are at a competitive disadvantage because of this reality. Fitch notes that no industrial loan company (ILC) charters have been… Read More

October 27, 2022 @ 4:00 am By JD Alois  |  

Digital bank Starling Bank will be the official principal partner for Southampton FC Women for the 2022-2023 season. According to a note from the bank, starting Sunday, October 30th, Starling will sponsor the team with a match against Sunderland AFC Ladies. Starling’s logo will be… Read More

October 26, 2022 @ 7:51 am By Omar Faridi  |  

Klarna Kosma, Klarna‘s financial technology platform for banks, Fintechs, and innovative retailers, announced that its partnership with Krea, a digital loans platform for Small and Medium-sized businesses (SMEs) in Sweden “has helped Swedish SMEs receive on average 15% larger loan offers, at a 4% lower… Read More

October 25, 2022 @ 11:27 pm By Omar Faridi  |  

Baffle, Inc. announced that Saxo Bank is deploying Baffle Data Protection Services “to protect sensitive customer data, ensure compliance with stringent regulations, and support the bank’s migration to a highly scalable cloud and microservices architecture.” Saxo Bank will also be “integrating Baffle into its customer-facing… Read More