Tagged: banking

April 12, 2022 @ 9:08 pm By Omar Faridi  |  

Kayamo is teaming up with Netbank, a fully-regulated bank that provides Banking-As-A-Service solutions through open APIs, to improve the way they release loan payouts and collect loan repayments–”overall, to provide a better user experience for their end-customers.” Prior to this partnership, Kayamo needed “to complete… Read More

April 12, 2022 @ 4:09 pm By Omar Faridi  |  

A partnership has been formed between Visa Fintech Partner Connect program members ecolytiq and Snowdrop Solutions. This partnership should enable the climate engagement provider ecolytiq with access to Snowdrop’s precise categorization and location of banking transfers, including retailer logos, ESG (Environmental, Social, Governance) ratings, directions… Read More

April 12, 2022 @ 10:31 am By JD Alois  |  

Why should you use a traditional bank over a Fintech – either a neobank (non-chartered financial service provider) or a digital bank (chartered). Good question. Old banks tend to have lots of physical locations and lots of employees that are expensive to keep on staff…. Read More

April 11, 2022 @ 11:17 pm By Omar Faridi  |  

Discover (NYSE: DFS) recently “revitalized” the consumer checking landscape with the introduction of its “benefits-packed” Cashback Debit account with “user-friendly” features, like early access “to paychecks up to two days in advance1 and a mobile-first banking experience.” Discover builds on its Cashback Bonus® rewards and… Read More

April 11, 2022 @ 10:46 pm By JD Alois  |  

OneConnect Financial Technology Co., Ltd, part of the Ping An Group, has signed a 10-year exclusive strategic partnership with Pismo, a banking Software-as-a-Service (SaaS) provider. According to a company statement, OneConnect current services will be augmented by Pismo’s “multi-tenant SaaS platform” to serve a broader… Read More

April 11, 2022 @ 9:35 pm By Omar Faridi  |  

Temenos (SIX: TEMN), the Cloud banking platform, recently announced that Battle Financial, Inc. has selected Temenos Banking Cloud “to underpin the global markets technology stack for Battle Bank.” With Temenos core banking and payments solutions, Battle Bank will be able “to offer its clients a… Read More

April 8, 2022 @ 8:05 am By Omar Faridi  |  

Beginning on Wednesday (April 6, 2022), it will be possible for refugees who arrive in the Netherlands from Ukraine to “open a current account” with ABN AMRO (AMS: ABN) or another bank. Dutch organizations that offer current accounts are prepared “to handle large numbers of… Read More

April 7, 2022 @ 7:17 am By Omar Faridi  |  

Klarna, a global retail bank, payments, and shopping service that helps consumers “save time and money, be informed and in control,” revealed the new “Klarna-fied” brand identity of Stocard, which is one of the leading mobile wallet providers that “enables consumers to gather all of… Read More

April 6, 2022 @ 4:35 pm By Omar Faridi  |  

GoDo, a Fintech firm offering same-day, no-fee advances to wage earners, has teamed up with Highnote, a modern card issuance platform, in order to create the GoDo Card, a new card program that provides underbanked workers immediate access “to interim wages with no-fee advances.” Powered… Read More

April 6, 2022 @ 10:17 am By Omar Faridi  |  

  FintechOS, an international tech provider for banks, insurers, credit unions and other financial services firms, and Salt Edge, a key player in offering open banking and secure customer authentication solutions, have entered a partnership “to provide innovative and secure technology services to joint clients… Read More

April 6, 2022 @ 8:11 am By Omar Faridi  |  

Alpian SA, an innovative digital private bank, has announced the granting by FINMA of a banking license and “a successful CHF19 million Series B+ closing, enabling Alpian to shortly launch to the public in Q3 2022, becoming Switzerland’s first digital private bank.” Alpian, majority-owned by… Read More

April 6, 2022 @ 6:50 am By Omar Faridi  |  

Diebold Nixdorf (NYSE: DBD), an international firm focused on driving connected commerce for the financial and retail industries, has announced that it will “operate and manage the entire self-service banking channel for Langley Federal Credit Union (FCU).” The credit union will implement “the full suite… Read More

April 5, 2022 @ 10:29 pm By Omar Faridi  |  

PT FinAccel Teknologi Indonesia, a directly controlled subsidiary of FinAccel Pte Ltd, the parent firm of Kredivo, has announced the acquisition of “a majority stake in PT Bank Bisnis Internasional, Tbk., an IDX listed entity (ticker BBSI).” This acquisition represents a “significant step in FinAccel’s… Read More

April 4, 2022 @ 5:51 pm By Omar Faridi  |  

For many consumers and small business owners, the result of one or more overdraft fees can be “devastating.” To address this issue, First Internet Bank has announced that it is “removing overdraft fees on personal and small business deposit accounts.” This change has been made… Read More

April 4, 2022 @ 10:17 am By JD Alois  |  

Zvilo, a Balkan-based challenger bank, is reporting a  €50m debt facility provided by a “leading London-based alternative asset management company.” Zvilo says that it plans to offer digital financial solutions that will save users money while focusing on the Balkan region, with a population of… Read More

April 1, 2022 @ 8:07 am By Omar Faridi  |  

Millions of UK bank account holders are “putting themselves at a much greater risk” of fraud by ignoring warnings provided by the Confirmation of Payee (CoP) service. This, according to research by Lloyds Bank. When sending funds online to someone that hasn’t been paid before,… Read More

March 30, 2022 @ 9:57 am By Omar Faridi  |  

Finastra recently published a market assessment report, titled “Banking as a Service: Outlook 2022 | Paving the way for Embedded Finance.” The research canvassed the opinions of 1,600 senior industry executives, “exploring the opportunities presented by Banking as a Service (BaaS) – to provide retail… Read More

March 29, 2022 @ 11:46 pm By Omar Faridi  |  

In order to expand its offer for its individual clients, Yeeld, the Fintech firm which provides a savings assistance application, has chosen the joint offer of Franfinance, the consumer credit specialist and Treezor, the leader in Banking-as-a-Service (BaaS), enabling technological and regulatory aspects to be… Read More

March 29, 2022 @ 2:47 pm By Omar Faridi  |  

Plinqit, the “only” savings platform of its kind that pays users for learning about personal finances, revealed that its platform is now accessible via  Jack Henry’s (NASDAQ: JKHY) Banno Digital Platform. As noted in the update, Plinqit integrated to Jack Henry “using the Banno Digital… Read More

March 29, 2022 @ 12:32 am By Omar Faridi  |  

Alloy, the identity decisioning platform for banks and Fintech firms, recently announced its partnership with Prove, a “phone-centric” digital identity provider, to enable financial institutions “to verify and authenticate their customers.” Alloy‘s identity decisioning platform “brings the many pieces of digital identity into a centralized… Read More