Tagged: banking

June 1, 2022 @ 7:37 am By Omar Faridi  |  

Newly authorized mobile-only UK bank Kroo has acquired £26 million in capital in order to grow its professional team and further expand its product offerings. Kroo‘s current product range incudes a prepaid debit card and app, which enables clients to quickly create groups with friends,… Read More

May 31, 2022 @ 8:05 am By Omar Faridi  |  

CaixaBank has established OpenWealth, which is a new, “independent” and global advisory service for the bank’s UHNW clients. As a subsidiary fully-owned by the CaixaBank Group, Open Wealth will “provide this service to customers with assets amounting to over €50 million.” OpenWealth will “provide a… Read More

May 27, 2022 @ 1:15 pm By Omar Faridi  |  

Flybits, an international player focused on Enterprise-grade Experience Design solutions for the financial industry, recently announced the launch of its new Metaverse authoring platform called OpenDome. Built as an algorithmic, template-driven render engine, OpenDome claims to be “the first-ever platform enabling banks to create multi-dimensional… Read More

May 27, 2022 @ 8:28 am By Omar Faridi  |  

The APPG for Challenger Banks and Building Societies are pleased to confirm that Metro Bank is now the latest challenger bank to join them as an Associate Member. The APPG is a cross-party group of MPs and Peers that focuses on informing parliamentarians about challenger… Read More

May 26, 2022 @ 6:36 am By Omar Faridi  |  

Fintech firm Revolut is now entering the fast-growing spend management sector with a new in-app product that allows companies to issue payment cards with a quick tap and set up time and category-based spending limits. After the roll-out of Payroll for UK clients this February… Read More

May 25, 2022 @ 1:28 pm By Omar Faridi  |  

M1, The Finance Super App helping consumers manage and grow their money, has announced it has chosen Thought Machine, the Cloud-native banking tech firm, in order to power and grow their platform. Thought Machine’s Cloud-native core banking engine, Vault Core, will be “deployed by M1… Read More

May 25, 2022 @ 12:46 pm By Omar Faridi  |  

In a UK Credit Union “first,” Optimus Cards, the UK’s provider of white label card and banking solutions for traditional and new forms of currency, has introduces a flexible and “responsible” Credit Card product to Credit Unions at the Annual ABCUL conference. As mentioned in… Read More

May 25, 2022 @ 1:37 am By Omar Faridi  |  

UBS (SWX: UBSG) is launching a “purely” digital product line, UBS key4, for clients who want “to carry out their banking transactions entirely digitally – independently and around the clock from their smartphone.” The new product line is “integrated into the long-established and popular UBS… Read More

May 24, 2022 @ 7:52 pm By Omar Faridi  |  

Moves, an “all-in-one” banking app for gig workers, recently announced that it has closed a $5 million seed funding round “to advance its mission of making the gig economy work for its workers.” Matthew Spoke, CEO of Moves, stated: “The gig economy is surging, yet… Read More

May 23, 2022 @ 11:47 pm By Omar Faridi  |  

Affin Bank recently revealed that it had entered a partnership with GAX MD (MYTHEO), a Robo-advisor that’s regulated by the Securities Commission Malaysia. MYTHEO is an algorithm-based and automated discretionary investment portfolio management service that’s enhanced by Al. This latest partnership is the “first” of… Read More

May 20, 2022 @ 8:18 pm By Omar Faridi  |  

Dreams, the financial wellbeing platform and “leader” in engagement banking solutions has  announced a partnership with Mastercard (NYSE: MA) in order “to focus on delivering a suite of sustainable banking products for financial institutions designed to empower individuals to change their behavior for the better… Read More

May 20, 2022 @ 7:14 pm By Omar Faridi  |  

Unit, the banking-as-a-service platform that empowers companies to embed financial services in their products, announced it has raised a $100 million in a Series C round “led by global software investor Insight Partners, with participation from existing investors including Accel, Better Tomorrow Ventures, and Flourish… Read More

May 20, 2022 @ 4:58 pm By Omar Faridi  |  

Temenos (SIX: TEMN), the Cloud banking platform, recently announced that Mirabaud, the Swiss private bank, has selected Temenos “to move from a traditional on-premise system to a digital end-to-end wealth management platform on Temenos Banking Cloud.” With the generational transfer of wealth, new regulations and… Read More

May 20, 2022 @ 8:23 am By Omar Faridi  |  

Neon, a Fintech firm and digital bank focused on “improving the lives of working Brazilians,” has announced an overview of the company’s growth and momentum that “led up to its recent US$300M Series D round, resulting in a valuation of US$1.6B and its achievement of… Read More

May 17, 2022 @ 11:56 pm By Omar Faridi  |  

Temenos AG (SIX: TEMN) recently announced the appointment of Roman Bartik as President Americas in order to accelerate and scale expansion in the region. Roman will be “responsible for all day-to-day operations, strategy and profitability in North and South America, effective immediately.” Roman joins the… Read More

May 17, 2022 @ 10:32 pm By Omar Faridi  |  

  Starling Bank has launched a campaign that “celebrates” women’s football as part of its national support of the UEFA Women’s EURO 2022 tournament. The ‘Our Time’ campaign highlights the glass ceilings that continue “to be broken for the women’s game, while nodding to Starling’s… Read More

May 17, 2022 @ 10:28 pm By Omar Faridi  |  

Griffin, a UK Banking-as-a-Service (BaaS) Fintech, recently announced the completion of a key step in its application for a banking license. Griffin has submitted its application to the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). John Weguelin, Griffin Chair, stated: “This is… Read More

May 17, 2022 @ 1:59 pm By Omar Faridi  |  

ABN AMRO’s (AMS: ABN) investment clients are now able to see what impact they have made with their investments. The impact was already stated in the quarterly updates clients received, “but is now also visible in internet banking and via app.” As noted in a… Read More

May 16, 2022 @ 6:22 pm By Omar Faridi  |  

Dave Inc. (Nasdaq: DAVE, DAVEW), a neobank on a mission to build products that “level the financial playing field,” recently reported its financial results “for the first quarter ended March 31, 2022.” Dave utilizes Evolve Bank & Trust to provide its digital financial services. Jason… Read More

May 15, 2022 @ 10:35 pm By Omar Faridi  |  

New payment checks at online checkouts are “proving invaluable” as Nationwide Building Society reports it is “protecting its members from an additional 2,000 cases of online card fraud a month.” Despite the fact that some transactions now take a little longer, new research from UK’s… Read More