Tagged: banking

August 26, 2022 @ 8:27 pm By Omar Faridi  |  

Bank of America (NYSE: BAC) clients are increasingly relying on the company’s digital solutions to manage their finances. Clients logged into the company’s digital platforms “nearly 1 billion times in July, the highest month ever.” This follows “a record 2.8 billion digital logins in the… Read More

August 26, 2022 @ 7:11 pm By Omar Faridi  |  

Shanghai Commercial & Savings Bank (SCSB), one of the listed banks in Taiwan, has selected Temenos and IBM in order “to replace its legacy core systems with Temenos open platform for composable banking.” Part of the IBM Ecosystem, Temenos and IBM have successfully “teamed for… Read More

August 25, 2022 @ 4:35 pm By JD Alois  |  

It appears that Marcus by Goldman Sachs (NYSE:GS) is struggling with something so plebeian, like consumer checking. In a day when fewer and fewer people are using physical checks, opting for online payments and tap to pay with their iPhone, Marcus may delay its consumer checking… Read More

August 25, 2022 @ 11:40 am By Omar Faridi  |  

Capitolis, the technology company reimagining financial markets, has gained strong momentum “by doubling the number of banks taking part in its Standardized Approach for Counterparty Credit Risk (SA-CCR) runs since the beginning of 2022.” Capitolis has “maintained a frequent cadence of compression runs, helping this… Read More

August 25, 2022 @ 9:13 am By JD Alois  |  

Young digital bank Zopa has surpassed £2 billion in deposits. The bank claims to be one of the fastest challenger banks to top this milestone. Zopa Bank is authorized and regulated by the Prudential Regulation Authority and by the Financial Conduct Authority. Zopa started its… Read More

August 24, 2022 @ 11:34 am By Omar Faridi  |  

In a recent interview, Michael Shaulov, Co-founder & CEO of Fireblocks– a digital asset and crypto technology provider – offered his insights into what’s happening now with DeFi, banking, and Web3. Fireblocks, which claims to be the #1 provider of digital asset and crypto custody… Read More

August 24, 2022 @ 8:45 am By Omar Faridi  |  

London-based Fintech Unlimint announced the launch of its Banking as a Service (BaaS) product, Unlimint Banking and Cards (UBC),”a one-stop payment accounts and card issuing and processing solution.” The new offering “allows companies globally to launch and embed digital payment products for their customers based… Read More

August 23, 2022 @ 10:47 pm By Omar Faridi  |  

PassFort, A Moody’s Analytics Company that provides a SaaS Regtech platform that automates anti-financial crime and compliance processes, announced that OneBanx the shared banking innovator, “has chosen to use PassFort’s Know Your Business (KYB) workflow solution to create a seamless onboarding experience for business customers.”… Read More

August 23, 2022 @ 10:31 pm By Omar Faridi  |  

First Federal Bank of Kansas City released a refreshed, innovative online and mobile banking platform powered by Narmi, an enterprise digital banking provider. Together they “enhanced the end-to-end digital experience from online account opening through online and mobile banking for First Federal’s 25,000 consumer and… Read More

August 23, 2022 @ 6:34 am By Omar Faridi  |  

Diebold Nixdorf (NYSE: DBD), a key player in automating, digitizing and transforming the way people bank and shop, announced that Joe Myers has joined the company ‘as executive vice president, Global Banking.” Myers will report directly to Chief Executive Officer Octavio Marquez and will “lead… Read More

August 22, 2022 @ 3:03 pm By Omar Faridi  |  

Banks using TSYS’ VPP now have “a powerful new spend management tool” thanks to Extend Enterprises, Inc. As noted in the update, charge volume on virtual cards is “expected to grow from $1.9 trillion to $6.8 trillion by 2026.” But perhaps more surprising is that… Read More

August 22, 2022 @ 1:07 am By Omar Faridi  |  

Vyzer, an Israeli-based Fintech consumer-focused startup, joined forces with Salt Edge, a key player in offering open banking solutions, “to enable high net worth investors to instantly connect and sync their European bank accounts, offering a comprehensive analysis of investment performance and fully digital cashflow… Read More

August 21, 2022 @ 4:07 pm By Omar Faridi  |  

Temenos (SIX: TEMN) announced that Bank of Queensland (BOQ) has gone live with retail banking services on Temenos Banking Cloud “for customers served under the BOQ and Virgin Money brands.” Work has commenced on “the migration of BOQ’s ME brand to Temenos Banking Cloud.” Using… Read More

August 20, 2022 @ 3:09 pm By Omar Faridi  |  

The property sector across the United Kingdom is set for a £3 billion “boost” as specialist bank GB Bank officially launches “after receiving its full UK banking license.” The banking license “allows Middlesbrough-headquartered GB Bank to start driving its ambitious plans forward.” It has committed… Read More

August 19, 2022 @ 8:07 pm By Omar Faridi  |  

Arf, the global settlement banking platform for licensed money service businesses, announced that it has been “granted the approval of the Financial Services Standard Association (VQF) through Arf’s entity in Zug, Switzerland.” Arf’s VQF membership assures its compliance “with the Swiss Anti-Money Laundering and Countering… Read More

August 19, 2022 @ 10:07 am By Omar Faridi  |  

The Seymour Bank and Teslar Software announced their partnership “to enhance the bank’s commercial lending strategy, increasing automation, efficiencies and accessibility through Teslar’s lending process automation platform.” Seymour, Mo.-based The Seymour Bank will “use Teslar to better track documentation and monitor exceptions.” They will also… Read More

August 18, 2022 @ 7:56 am By Omar Faridi  |  

The Bank of London, which claims to be the first purpose-built global clearing, agency, and transaction bank, welcomed Economy Minister Gordon Lyons MLA “to mark the opening of its new Northern Ireland Headquarters, based in the landmark Soloist office at Lanyon Place in Belfast.” During… Read More

August 17, 2022 @ 3:07 pm By Omar Faridi  |  

Established in 2010, Mindbanque’s consultants use their industry experience and understanding of the finance sector “to offer guidance and insight to shape business strategy and manage business transformation projects, using strengths across operations, compliance, integration and project management.” The acquisition of Mindbanque will “allow SkySparc… Read More

August 17, 2022 @ 12:27 pm By Omar Faridi  |  

Casper Arboll from Perenna notes that the firm has secured a banking license “with restrictions by the PRA and the FCA.” They are delighted to share that Perenna has been awarded a banking permit but with certain restrictions by the UK’s Prudential Regulatory Authority and the… Read More

August 16, 2022 @ 8:13 am By Omar Faridi  |  

BankiFi, a provider of embedded banking solutions for small and medium businesses (SMB), has secured $4.8 million “for global expansion into North America.” This strategic growth investment “gives BankiFi the capital to provide its industry-leading embedded banking platform to more than two million SMBs across… Read More