Tagged: banking

August 26, 2021 @ 7:22 pm By JD Alois  |  

Bendigo and Adelaide Bank have agreed to pay $116 million to acquire Ferocia Pty Ltd in a move designed to accelerate the digital transformation of its banking operations. The acquisition of Ferocia will include Up a highly rated banking app. Bendigo and Adelaide Bank expect… Read More

August 25, 2021 @ 8:47 am By JD Alois  |  

Previously doing business as B-North, Bank North has been granted a banking license (Authorised with Restrictions or ‘AWR’) by the UK’s Prudential Regulation Authority (PRA). Bank North reports that it has also closed a successful Series A funding round, raising money from LHV Group, LHV… Read More

August 25, 2021 @ 8:22 am By Omar Faridi  |  

EedenBull, a Fintech firm focused on B2B commercial payments tech, has formed a partnership with Sparebanken Vest, which is Norway’s third-largest savings bank. Through the partnership, the companies will offer banking services tech to the bank’s 13,600 business clients across Western Norway. Working cooperatively with… Read More

August 24, 2021 @ 8:38 am By Omar Faridi  |  

Newly-introduced SME bank, Recognise Bank, reveals that it has acquired £14 million in funding, which includes a recent investment from one of its existing shareholders. The capital injection means that Recognise Bank has now satisfied the financial requirements established by the PRA (Prudential Regulation Authority),… Read More

August 23, 2021 @ 11:27 pm By Omar Faridi  |  

Virtual banks in Indonesia must have minimum paid-up capital of IDR 10 trillion (appr. $694 million). But the capital deposit needed when submitting an application is only IDR 3 trillion. Indonesia’s OJK (Financial Services Authority), the nation’s financial regulator, has shared an update to its… Read More

August 23, 2021 @ 10:10 pm By Omar Faridi  |  

HSBC Malaysia reveals that it has introduced the DuitNow Request feature for corporates so they can improve the collection of recurring payments from their clients. This secure, real-time payment solution will aim to do away with the requirement for companies to constantly follow up with… Read More

August 20, 2021 @ 12:37 pm By Omar Faridi  |  

Compliance in financial services will be drastically improved by leveraging innovative technology-based assessments which draw on regulatory data from around 180 jurisdictions, as part of a collaboration between Big Four auditing firm PwC and Regtech CUBE. PricewaterhouseCoopers (PwC) Switzerland, PwC UK and London‘s CUBE will… Read More

August 19, 2021 @ 10:00 am By JD Alois  |  

Global neobank Revolut is offering a new feature called Payday. Revolut will now enable its users to instantly access a portion of their salary as they earn it from approved employers. Payday is cost-free for employers and is designed to give employees more control and… Read More

August 19, 2021 @ 9:36 am By Omar Faridi  |  

The music industry deserves “music banking.” Nerve reveals the launch of the first neobank that will address the requirements of musicians. Nerve’s mobile app will aim to merge user experience and Fintech solutions in order to assist artists with establishing stronger communities and more sustainable… Read More

August 18, 2021 @ 9:29 am By Omar Faridi  |  

GLORY LTD., an international provider of cash tech solutions to the financial, retail and quick service restaurant industries, reveals that it will aim to become the “cornerstone” investor in the UK’s OneBanks, the shared branch banking “innovator,” as part of a Series A round in… Read More

August 17, 2021 @ 8:31 am By Omar Faridi  |  

iSpent19 is pleased to confirm the rollout of its money management app that’s meant to offer UK users with a new way of monitoring and managing their funds via transaction personalization and sharing. …and WE ARE OFFICIALLY LIVE! 🥳 It is with great pleasure to… Read More

August 16, 2021 @ 12:14 pm By Omar Faridi  |  

UK’s digital bank Starling notes that with their platform and financial services, clients are able to bank “anywhere.” According to Starling Bank, that’s what makes them a wonderful app for business owners “out and about at festivals.” As part of this ongoing support for the… Read More

August 13, 2021 @ 3:35 pm By Omar Faridi  |  

Novo, the powerful small business banking platform, reveals that it has appointed Dani Lima to serve as Executive VP of Revenue and Strategy, and Peter Martinez will be working as the firm’s Director of Engineering. Today, many small business owners in the US spend a… Read More

August 13, 2021 @ 3:32 pm By Omar Faridi  |  

Global startup engagement program Mastercard Start Path is welcoming 11 Fintechs to receive dedicated support, access to clients and product development teams, and opportunities to engage in innovative projects. Finmod, Flourish Savings, GenEQTY, Karri, KeyChain Pay, Kwara, Layer, Osper, Swap, upSWOT and Wellthi have reportedly… Read More

August 11, 2021 @ 8:53 am By Omar Faridi  |  

The team at Fintech Kroo notes that they say “money talks,” but how loud does £17.7 million “speak?” After hours of “great conversations” with potential investors, company CEO Andrea De Gottardo is pleased to share her excitement with everyone. Kroo has raised £17.7m through its… Read More

August 11, 2021 @ 8:42 am By Omar Faridi  |  

A survey by API Management firm Axway (Euronext: AXW.PA) reveals that half of Americans have “never heard” of the term “Open Banking,” however, 84% agree with its “central tenet” that they should have “control of their financial data.” As mentioned in an update shared with… Read More

August 10, 2021 @ 10:37 pm By Omar Faridi  |  

Finxact, a Core as a Service banking provider, reveals that First Horizon Bank, the super-regional bank based in Memphis, Tennessee, has converted its VirtualBank brand from its legacy core to the Finxact Cloud-core. The conversion represents a key milestone for the new era of Cloud… Read More

August 9, 2021 @ 5:00 pm By JD Alois  |  

Stablecoin creator and payments rails operator Circle says it intends on becoming “a full-reserve national commercial bank.” In a blog post, Circle founder and CEO Jeremy Allaire expanded on their mission to become a federally chartered bank. Allaire stated: “We are embarking on this journey alongside the… Read More

August 8, 2021 @ 7:47 pm By Omar Faridi  |  

Switzerland’s banking software firm Temenos (SIX: TEMN) recently revealed that Australia’s digital banking platform, Alex, has now gone live on the Temenos Banking Cloud. Temenos technology will be used to support Alex’s launch as a licensed banking solution provider, after the acquisition of its Restricted-Authorized… Read More

August 6, 2021 @ 2:43 pm By Omar Faridi  |  

Nymbus, an established provider of banking tech services, has secured $3 million in capital through a round that was led by OFG Ventures, LLC, which operates as a subsidiary of the OFG Bancorp (NYSE: OFG). As noted by its management: “A revolutionary alternative to the… Read More