Tagged: banking

July 13, 2022 @ 8:46 am By Omar Faridi  |  

The team at GoHenry notes that it has been 10 years since they launched operations in the United Kingdom, and they now have more than two million members in the UK and US. They recently launched their in-app Money Missions “to make financial education fun… Read More

July 12, 2022 @ 6:42 pm By Omar Faridi  |  

Brazil’s secured lending platform Creditas is getting ready to expand its product offering, after obtaining a banking license as well as a mortgage marketplace. The company is reportedly acquiring Brazil‘s banking license of Andorra’s Banco Andbank, allowing it to take customer deposits. As part of… Read More

July 11, 2022 @ 6:21 pm By JD Alois  |  

BetaBank has selected Finxact, part of Fiserv, to power its product ecosystem, according to a release. BetBank is still working on the regulatory side, having applied for a banking charter earlier this year. BetaBank is said to be working on a fully automated digital lending… Read More

July 11, 2022 @ 9:02 am By Omar Faridi  |  

Consumers from lower-than-average socioeconomic backgrounds found it challenging to access online banking during the COVID-19 outbreak, while many continue to depend on in-person banking services. This, according to an update from the London School of Economics and Political Science (LSE). The research, released in the… Read More

July 11, 2022 @ 1:07 am By Omar Faridi  |  

Fintech Group Fiinu has reportedly had its shares admitted to trading on AIM, with a valuation of around £53 million. Fiinu has obtained its deposit-taking bank license from the Bank of England (BoE). The issuing of the bank license/authorization from the Prudential Regulation Authority (PRA)… Read More

July 10, 2022 @ 11:47 pm By Omar Faridi  |  

Delio (CEO James Jung), which claims to be a leader in digital asset finance in South Korea, has launched a Crypto Bank service and expanded its business into offering virtual banking services. Since its founding in 2018, Delio claims it has been “leading the Korean… Read More

July 10, 2022 @ 11:07 pm By Omar Faridi  |  

Starling Bank is introducing Bills Manager for small businesses in order to help business and sole trader account customers “streamline” their finances. The feature gives small businesses the ability “to have a Direct Debit or standing order taken from money set aside in any of… Read More

July 10, 2022 @ 2:07 pm By JD Alois  |  

“AgTech bank” Oxbury Bank has raised an additional £20 million bringing its total raised to £68 million. Investors include Frontier Agriculture and Hutchinsons Group as well as existing tech investors Hambro Perks and Grosvenor Food & AgTech. Launching in February 2021, Oxbury reports having completed… Read More

July 10, 2022 @ 9:58 am By Omar Faridi  |  

Jack Henry & Associates, Inc. (NASDAQ: JKHY) announced that LINKBANCORP, Inc., the holding company of The Gratz Bank and LINKBANK, selected Jack Henry “to bring modern banking services to its local community.” Founded in 2018, LINKBANCORP had a vision “for entrepreneurial growth, innovation in technology… Read More

July 9, 2022 @ 3:15 pm By Omar Faridi  |  

i2c Inc., a provider of digital payment and banking tech, announced its partnership with Colorado-based financial tech firm Marygold & Co., in order to power the platform’s Tap to Pay Debit Mastercard and new “customer-centric” savings program. Leveraging i2c’s “plug-and-play” payment APIs, Marygold & Co…. Read More

July 8, 2022 @ 7:17 pm By Omar Faridi  |  

FSS Technologies Singapore Pte Ltd., a provider of banking and payment tech solutions, announced a partnership with ACLEDA Bank, Cambodia’s largest commercial bank, in a multi-product deal “to consolidate and digitally transform its nation-wide merchant operations and automate its terminal monitoring, reconciliation and settlement processes.”… Read More

July 8, 2022 @ 12:57 pm By Omar Faridi  |  

Mambu, a Cloud banking platform, announced a partnership with Visa (NYSE: V) to utilize Visa DPS – one of the largest processors of Visa debit transactions. The partnership will aim to give Mambu clients a connection to Visa DPS for end-to-end card issuing as well… Read More

July 7, 2022 @ 4:47 pm By Omar Faridi  |  

FNB Community Bank and Teslar Software announced their partnership “to streamline and automate lending processes.” The community bank is leveraging Teslar’s tracking and loan management software “to save time and increase operational efficiencies, freeing lenders to focus on the borrower experience.” Bill Croak, president and… Read More

July 7, 2022 @ 9:37 am By JD Alois  |  

Neon, a Brazilian digital bank, has hired André Madeira as the company’s new Chief Technology Officer (CTO). Madeira has previously worked at Google, Coinbase, and Snap and thus brings considerable experience to his new role. Madeira will be tasked with “transforming Neon into a technology-driven… Read More

July 7, 2022 @ 7:07 am By Omar Faridi  |  

allpay recently announced the introduction of their Confirmation of Payee solution. Developed in-house, the tech should enable the Hereford-based payment service provider’s 16,000 Banking Lite cardholders to take advantage of the Open Banking ecosystem. Clients can link up their allpay pre-paid account to other banking… Read More

July 6, 2022 @ 11:17 am By Omar Faridi  |  

BKN301 – a Fintech creating payment services and Banking-as-a-Service (BaaS) solutions – has acquired €15 million via its Series A round. This, after finalizing the first seed round a few months back. The investment round includes key investors and brings the firm’s valuation to €63… Read More

July 3, 2022 @ 11:09 pm By Omar Faridi  |  

Revolut, the global financial super app with over 18 million customers worldwide, has announced the appointment of Sid Jajodia as US CEO. Sid joined Revolut as Chief Banking Officer in July 2021 and will “continue in this role alongside being US CEO, leading the roll… Read More

July 3, 2022 @ 9:07 pm By Omar Faridi  |  

Virtual banking tech provider Amount is the latest Fintech firm to trim down its workforce, reducing its employee headcount by around 18%, according to a recent report from TechCrunch. Amount offers retail banking and point-of-sale tech to customers such as Banco Popular, HSBC, Regions Bank… Read More

July 3, 2022 @ 5:09 pm By Omar Faridi  |  

Derivative Path, a provider of capital markets tech and derivatives execution services to regional and community banks, announced it is working with Goldman Sachs Transaction Banking (TxB) to offer “an automated, digital-first payments platform to help financial institutions with spot foreign exchange and international payments.”… Read More

July 3, 2022 @ 12:39 pm By Omar Faridi  |  

Stake, which offers Cash Back and banking services to renters, announced the completion of its $12 million Series A round. With Stake, renters earn Cash Back when they “take positive actions, like signing a lease and paying rent.” Owners save money “with every renter action.”… Read More