Tagged: banking

October 3, 2021 @ 3:04 pm By Omar Faridi  |  

PNC Bank (NYSE: PNC) and Akoya LLC have announced the banking institution’s integration with the Akoya Data Access Network. Over 9 million PNC clients are now enabled to “securely share their financial data with Fintechs and data aggregators with enhanced security through the application programming… Read More

October 2, 2021 @ 8:45 am By Omar Faridi  |  

Digital banking platform Revolut notes in a blog post that as you might already know, sending funds abroad with traditional banks can be quite costly and very slow. The fees may be really high and transactions may often take at least several business days to… Read More

October 1, 2021 @ 8:10 am By Omar Faridi  |  

COTI is pleased to confirm that its Visa debit cards and bank account are accessible to the public. With assistance from Simplex, both of these financial tools should help with addressing “economic inequality.” As noted in an update shared with Crowdfund Insider, COTI aims to… Read More

September 30, 2021 @ 8:47 am By Omar Faridi  |  

Three Egypt-based banking institutions will be establishing a 1 billion Egyptian pound Fintech fund (appr. $63.6 million) in order to offer support to Fintech firms (starting October 2021). The three banking institutions include the National Bank of Egypt, Banque Misr, and Banque du Caire, along… Read More

September 30, 2021 @ 8:18 am By Omar Faridi  |  

Finastra revealed on Wednesday (September 29, 2021) that First National Bank of Manchester (FNBM) has chosen Fusion Phoenix as its Core banking solution to “best serve its account holders and grow the bank.” As mentioned in a release, the decision represents “an upgrade from its… Read More

September 29, 2021 @ 12:48 pm By JD Alois  |  

SEBA Bank, a FINMA licensed Swiss Bank that works with both digital and traditional assets, has been granted a license to act as a custodian bank for Swiss collective investment schemes. SEBA states that it is the first entity to be granted this type of… Read More

September 29, 2021 @ 7:47 am By Omar Faridi  |  

UK-based digital bank Starling is expanding its business operations into Europe. As of H1 2022, “subject to regulatory approval,” Starling intends to make its Banking as a Service (BaaS) solution offering available in the European Union, which includes France, Germany, The Netherlands and Spain, according… Read More

September 26, 2021 @ 3:52 pm By Omar Faridi  |  

Feedzai, a US Cloud-powered financial risk management platform, and Berlin’s Banking-as-a-Service (BaaS) service provider Solarisbank have entered a multi-year partnership (announced at Money20/20 Europe). Through the partnership, Solarisbank will be leveraging Feedzai’s innovative tech, which will allow them to apply a proper risk management approach… Read More

September 26, 2021 @ 1:34 pm By Omar Faridi  |  

Shield, the Workplace Intelligence platform for compliance teams, reveals that it has teamed up with LeapXpert, a provider of in front-office conversational solutions. LeapXpert’s Federated Messaging Orchestration Platform (FMOP) has been designed to support the real-time control, monitoring, and capture of conversations on mobile messaging… Read More

September 23, 2021 @ 11:29 am By Omar Faridi  |  

Payfare Inc. (TSX: PAY), an established Fintech firm that’s powering instant payout and virtual  banking solutions for gig economy workers, is working with Visa (NYSE: V) in order to add Visa SavingsEdge to its platform, “starting with the nationwide DoorDash DasherDirect card program.” As mentioned… Read More

September 23, 2021 @ 8:50 am By JD Alois  |  

Temenos (SIX: TEMN) has announced a new partnership with Aion Bank and Vodeno to deliver Banking as a Service (BaaS) in Europe. Temenos is a banking software provider. Aion is a licensed bank and Vodeno is a cloud service aiding financial services firms. The company… Read More

September 22, 2021 @ 11:27 pm By Omar Faridi  |  

WLPayments has introduced its Zero Code Payments as a Service platform. The launch of the new platform has come with a containerized architecture, a server-agnostic approach, along with the integration of microservices. The result of adding these features is an adaptive and fully customizable payment… Read More

September 22, 2021 @ 10:22 pm By Omar Faridi  |  

“Alisa”, the voice assistant from Russian tech firm Yandex, is now available for Russia’s VTB Bank (MCX: VTBR). She’ll be able to inform consumers about the products, tariffs and the banking platform’s services. She can also go over loan applications and offer advice or suggestion… Read More

September 22, 2021 @ 7:37 am By Omar Faridi  |  

Nium and Weavr revealed on Monday (September 20, 2021) that they’ve formed a strategic partnership that should make Nium’s BaaS (Banking-as-a-Service) API suite accessible to Weavr’s clients. The BaaS solutions from Nium should allow them develop, deploy and run embedded banking services. Weavr aims to… Read More

September 20, 2021 @ 9:33 pm By Omar Faridi  |  

S&P Global Ratings has reportedly given Judo Bank a BBB- rating, which is a move that may have surprised one of Australia’s first banking challengers for SMBs, especially due to the “relatively short life cycle,” according to an update from The Future of Banking. In… Read More

September 20, 2021 @ 7:05 pm By Omar Faridi  |  

VTB Bank (MCX: VTBR), one of the leading universal banks of Russia, and PJSC Severstal (MCX: CHMF), a Russian firm operating in the steel and mining industry, headquartered in Cherepovets, have reportedly created an application for handling the registration of quality certificates for metal products. The… Read More

September 20, 2021 @ 2:22 pm By Omar Faridi  |  

UK-based digital bank Monzo says that it already makes it easy for clients to manage their spending and ensures that they have funds set aside for settling bills and adding to their savings. Monzo, which is under investigation for possible money laundering activity and posted… Read More

September 17, 2021 @ 11:17 am By JD Alois  |  

Popular neo-bank Revolut has become WeWork’s first customer to pay for shared space in Bitcoin, according to a public statement. Revolut will pay for its Dallas space, its largest in the US, in BTC. Revolut will lease space for more than 300 employees at WeWork… Read More

September 17, 2021 @ 10:57 am By Omar Faridi  |  

MX and Mahalo Technologies have announced a new partnership. Through their partnership, the companies will aim to provide financial data solutions, insights and actionable tools to credit unions. They will also focus on supporting members to become financially independent. MX, which is the financial data… Read More

September 16, 2021 @ 7:54 am By Omar Faridi  |  

ForwardAI, a Fintech firm offering aggregated access to business and accounting data and analysis, has introduced PreciseMatch, which is described as an intelligent transaction mapping technology that “automatically cross-validates accounting systems with synced banking accounts, allowing for smarter, more efficient small business lending decisions.” Banking… Read More