Tagged: banking

February 28, 2022 @ 10:09 pm By Omar Faridi  |  

On February 25, 2022, within the official visit of Vietnamese President Nguyen Xuan Phuc to Singapore, HDBank signed a cooperation agreement with Thought Machine group – a core banking solution provider. In Vietnam, HDBank will be working with Thought Machine to “develop the latest version… Read More

February 28, 2022 @ 5:44 pm By Omar Faridi  |  

Temenos (SIX: TEMN), the banking software firm, recently announced that Canada Life UK, a subsidiary of Canada Life Group, has officially gone live with Temenos Multifonds  in order to support its UK investment accounting operations. Administration of life and pensions funds is “highly governed” and… Read More

February 27, 2022 @ 6:21 pm By Omar Faridi  |  

Pakistan’s NayaPay Pvt. has reportedly acquired $13 million in early-stage capital as it aims to onboard consumers who an underbanked or financially underserved. The Karachi-headquartered Fintech firm’s seed round has been led by Zayn Capital, MSA Novo and Silicon Valley’s early-stage investor Graph Ventures, CEO… Read More

February 27, 2022 @ 4:45 pm By Omar Faridi  |  

MX, the financial data platform and provider of modern connectivity, has announced a partnership with Rize, an embedded banking platform, in order to support financial technology developers and non-financial firms to efficiently “build, launch, and scale new financial products and services via a single API.”… Read More

February 26, 2022 @ 10:31 am By Omar Faridi  |  

LatAm Fintech Belvo notes that enrichment products are able to offer out-of-the-box insights based on clients’ transactional data in order to enhance decision-making and allow firms to better understand customers. But how do these products work and what can you build with them, the team… Read More

February 25, 2022 @ 5:09 pm By Tony Zerucha  |  

FV Bank, a U.S. licensed global digital bank offering a vertically-integrated suite of traditional and digital asset banking and custody services to Fintech and blockchain firms, has introduced its first application programming interface (API) to advance bank automation and integration for its clients’ operations. FV… Read More

February 24, 2022 @ 8:23 am By Omar Faridi  |  

European Fintech challenger bunq notes that managing your funds has become even easier when using their platform. The team at bunq writes in a blog post that consumers do not want to spend a lot of time on money admin, because there are so many… Read More

February 23, 2022 @ 8:48 am By JD Alois  |  

Zopa, a digital bank, has launched a new, branded savings product called “Smart Saver.” The savings vehicle currently offers a 0.72% return for “immediate access to savings,” a return which is said to be 72 x the standard high street offering during a time of… Read More

February 22, 2022 @ 9:17 pm By Omar Faridi  |  

Jack Wilson, Head of Public Policy at TrueLayer, notes that Open banking started back in 2018 thanks to appropriate regulations (PSD2) which gave consumers the right “to access their bank account data using third parties called account information services providers (AISPs).” However, these same set… Read More

February 17, 2022 @ 5:00 am By Omar Faridi  |  

indó, an Icelandic Fintech focused on the consumer virtual banking space, has announced that it is emerging from stealth mode with $4.5 million in seed funding. indó is reportedly the first challenger bank to launch in Iceland. The motivation behind indó was the 2008 financial… Read More

February 16, 2022 @ 11:57 pm By Omar Faridi  |  

Bakkt Holdings, Inc. (NYSE: BKKT), a digital asset platform that enables clients to purchase, sell, send and spend a range of virtual currencies, has announced that Valliance Bank, a provider of various financial solutions, will provide clients access to Bitcoin (BTC) and Ethereum (ETH) via… Read More

February 16, 2022 @ 9:39 pm By Tony Zerucha  |  

The Monetary Authority of Singapore(MAS) has laid the hammer down on DBS Bank after its digital banking services were widely unavailable for three days toward the end of last November. In a public statement, the Monetary Authority of Singapore said it has imposed an additional… Read More

February 16, 2022 @ 1:25 am By Tony Zerucha  |  

RapiPay, an Indian Fintech, this week announced it has raised $15 million in funding to launch NYE, a new-age digital banking super app. The current funding round is led by Varun Jaipuria (RJ Corp), DLF Family Office, Rahul Gautam (Sheela Foam) and Rohan Kumar (DS… Read More

February 15, 2022 @ 5:08 pm By Omar Faridi  |  

BBVA (NYSE: BBVA) has reportedly agreed to invest $300 million (around €263 million) in Neon, a Brazilian digital bank founded in 2016 that aims “to improve access to financial services for individuals, self-employed and small businesses in its country.” Neon claims 15 million registered accounts…. Read More

February 15, 2022 @ 3:32 pm By JD Alois  |  

Live Oak Bank, a subsidiary of Live Oak Bancshares, Inc. (Nasdaq: LOB), is focusing more energy on embedded finance services. According to a release, the digital platform has selected Jake Tupa to lead the organization’s embedded banking efforts. Tupa will report to Live Oak’s EVP of Corporate… Read More

February 15, 2022 @ 9:09 am By JD Alois  |  

Zopa Limited has filed several new documents on Companies House with one indicating a new person with significant control. According to the document, Plata Holdings UK Limited now holds 75% or more of the shares in the company including voting rights. The document was filed… Read More

February 14, 2022 @ 4:10 pm By Omar Faridi  |  

Temenos (SIX: TEMN), the banking software firm, has announced that Commerce Bank (NASDAQ: CBSH) is now live with Temenos core banking platform. This milestone completes Commerce Bank’s modernization project to transition from its outdated legacy systems for deposits “to a modern, agile and open platform… Read More

February 14, 2022 @ 2:51 pm By JD Alois  |  

illimity, a digital bank operating in Italy, released its financial results for the full year ending December 31, 2021. According to the company, it achieved its 2021 profit guidance, posting a net profit of €65.6 million for 2021, more than double the figure for 2020… Read More

February 13, 2022 @ 12:38 pm By Omar Faridi  |  

SoFi Technologies (NASDAQ:SOFI) is not simply just another neobanking platform, according to a Bank of America (BoA) analyst. SoFi provides services to several different neobanks via its Galileo platform, which the BoA analyst said is an important “differentiator.” BoA analyst Mihir Bhatia pointed out that… Read More

February 11, 2022 @ 12:07 pm By Omar Faridi  |  

METL is introducing what it claims to be the first-ever decentralized fiat gateway infrastructure of its kind “bridging Web 2 to Web3 in collaboration with Prime Trust and Avalanche.” METL’s roots date back to 2018 when the first MVP was created, in order to demonstrate… Read More