Tagged: banking

February 10, 2022 @ 9:10 am By JD Alois  |  

LendingClub (NYSE: LC), one of the few nationally chartered digital banks in the US, has appointed a new Chief Technology Officer. LendingClub states that Balaji Thiagarajan will now manage the Fintech’s tech stack as its CTO. Thiagarajan joins LendingClub’s executive leadership reporting directly to CEO Scott… Read More

February 7, 2022 @ 2:41 pm By Omar Faridi  |  

London-headquartered Fintech Railsbank, which provides virtual banking services, is approaching Unicorn status (valued at $1 billion or more), Sky News confirmed on Friday (February 4, 2022). The UK-based Fintech firm recently acquired certain assets of Wirecard, the collapsed and fraudulent German payments firm. As mentioned… Read More

February 7, 2022 @ 11:50 am By Omar Faridi  |  

MX, the financial data platform and key player in modern connectivity, has teamed up with Cadence Bank (NYSE: CADE) in order to help the organization identify trends in their customer financial data and to use those insights “to grow their interchange revenue and better connect… Read More

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

Alkami Technology Inc. (Nasdaq: ALKT), a Cloud-powered virtual banking solutions provider for US banks and credit unions, announced the introduction of Alkami Activate, a marketing service that assists financial institutions with engaging digital banking clients with end-user awareness and explainer videos, targeted propensity lists, and… Read More

February 6, 2022 @ 11:48 am By Omar Faridi  |  

Amount, a banking tech provider offering account opening, loan origination and BNPL financing solutions, recently confirmed the acquisition of Linear Financial Technologies, the SMB loan and account origination platform. Linear’s solution set is “complementary to Amount’s retail banking and BNPL solutions for consumer loans,” according… Read More

February 5, 2022 @ 9:06 pm By Omar Faridi  |  

Bank of Baroda, one of India’s largest banking institutions, had been looking to boost efficiencies, implement the latest digital technology and provide a more connected customer experience. With these objectives in mind, it chose NCR Corporation (NYSE: NCR), an international enterprise tech provider, and its… Read More

February 5, 2022 @ 12:32 pm By Omar Faridi  |  

Cross River Bank, a tech-driven financial services organization that offers core infrastructure and embedded financial solutions, recently announced that it will be powering PayTile, a Fintech firm that provides location-based payments via their app. PayTile is reportedly one of the first ever peer-to-peer (P2P) payment… Read More

February 5, 2022 @ 1:07 am By Omar Faridi  |  

London-headquartered Fintech Fiat Republic recently announced that it has acquired $3.5 million in seed funding from EU tech investors Speedinvest, Seedcamp, and Credo. The startup, which is building a compliance-first, e-money-regulated banking and payments API, is looking to “drastically reduce the time and cost of… Read More

February 3, 2022 @ 9:04 am By Omar Faridi  |  

TrueLayer, which is one of Europe’s Open Banking platforms, has announced its expanding operations into Sweden with the appointment of ex- Adyen executive Karl Hagner as its Country Manager. An experienced commercial manager, with a sharp focus on payments in digital commerce, Stockholm’s Karl will… Read More

February 1, 2022 @ 4:23 pm By Omar Faridi  |  

Paysafe (NYSE:PSFE), a specialized payments platform, recently announced the completion of its SafetyPay acquisition. SafetyPay is a payments platform operating mainly in Latin America that enables digital commerce transfers through an extensive choice of Open Banking and eCash solutions. For Paysafe, this transaction solidifies its… Read More

January 29, 2022 @ 12:44 pm By Omar Faridi  |  

Solarisbank AG and Contis Group Ltd have announced that they have brought their previously formed partnership to completion. The firms have decided to enter into a definitive business combination agreement. Six months after the signing of the agreement, the partnership has been approved by regulatory… Read More

January 29, 2022 @ 12:36 pm By Omar Faridi  |  

More than 1.5 million US banking/payment cards may reportedly be found via the dark web, according to a study carried out by cybersecurity firm NordVPN. The study by NordVPN reveals that a total of 1,561,739 American payment card details had been discovered by researchers. This… Read More

January 28, 2022 @ 6:04 pm By Omar Faridi  |  

InComm Payments, a payments tech firm, announced that it has teamed up with Cuentas, Inc. (Nasdaq: CUEN & CUENW), a Fintech provider of mobile banking and payment solutions focused on Hispanic and Latino communities, in order to issue transit cards (tap and go) at participating… Read More

January 28, 2022 @ 5:58 pm By Omar Faridi  |  

NatWest Group, the banking and financial services organization that serves around 19 million UK clients, has reportedly become the first major banking institution to sign-up and support the Good Business Pays campaign. NatWest Group is one of the largest business and commercial banks in the… Read More

January 28, 2022 @ 12:51 pm By Omar Faridi  |  

Automobile dealership JCT600 has reportedly become the first retailer in the UK to use Lloyds’ PayFrom Bank account-to-account payment solution, displacing plastic cards at the online checkout. Introduced in July 2021, PayFrom Bank brings together Mastercard’s Payment Gateway capabilities/functionality and its Open Banking Connect platform… Read More

January 27, 2022 @ 7:07 pm By Omar Faridi  |  

Hazel, the independent Fintech launched in partnership with Walmart (NYSE: WMT) and investment company Ribbit Capital, has announced that it has entered into definitive agreements to “acquire fintech platforms Even and ONE, marking the startup’s emergence from stealth mode.” The transactions, which are set to… Read More

January 27, 2022 @ 8:35 am By Omar Faridi  |  

Tuum, the next-gen core banking platform, has announced a €15 million Series A round. Portage Ventures is leading Tuum’s investment round, along with contributions from existing investors Blackfin Capital Partners and Karma Ventures. As mentioned in the update, the proceeds should enable the core banking… Read More

January 26, 2022 @ 4:33 pm By JD Alois  |  

LendingClub (NYSE:LC), one of the few fully chartered digital banks, has reported Q4 earnings as well as full-year 2021 results. According to a statement by the Fintech, LendingClub earned net income of $29.1 million during Q4 versus a loss of $26.7 million year prior. For… Read More

January 25, 2022 @ 11:47 pm By Omar Faridi  |  

Baton Systems, the Fintech firm that’s focused on transforming post-trade processing by leveraging distributed ledger technology (DLT), has appointed David Ornstein to serve as the firm’s Chief Operating Officer. Ornstein joins the company at an important time, as industry demand continues to grow steadily for… Read More

January 25, 2022 @ 10:57 pm By Omar Faridi  |  

Al Rajhi Bank Malaysia (ARBM), a wholly-owned subsidiary of one of the world’s largest Islamic banks in terms of assets, Al Rajhi Bank of the Kingdom of Saudi Arabia (KSA), has chosen Thought Machine, the Cloud native core banking tech company, in order to power… Read More