Tagged: banking

June 29, 2021 @ 7:00 am By Tony Zerucha  |  

Close to two out of three banking executives believe branch banking will be dead by 2026, a new report published this week by Temenos suggests. Produced by the Economist Intelligence Unit, Branching out: can banks move from city centres to digital ecosystems? Includes a survey of 305… Read More

June 28, 2021 @ 7:43 am By Omar Faridi  |  

Slovenská sporiteľňa, which is one of the largest commercial banks in Slovakia, has reportedly selected FICO Decision Optimizer in order to enhance profitability while also improving portfolio management for its existing cash loan portfolio. By using FICO’s advanced AI-enhanced optimization, the banking institution will be… Read More

June 27, 2021 @ 8:36 pm By Omar Faridi  |  

Walmart (NYSE: WMT) and Green Dot (NYSE: GDOT) recently revealed that the Walmart MoneyCard that’s issued by Green Dot Bank is now being provided as a demand deposit account (DDA) – which may be better equipped to assist Walmart clients with saving more money and… Read More

June 25, 2021 @ 1:08 am By Omar Faridi  |  

After an extensive and thorough selection process, Hometrack, an established provider of insight and intelligence to the United Kingdom’s mortgage sector, has decided to work with Moneyhub, an Open Finance data, intelligence, and payments service for customer-focused firms. Moneyhub will be serving as Hometrack’s preferred… Read More

June 23, 2021 @ 9:01 pm By Priyanka Pani  |  

India is witnessing a spurt in the growth of Fintech, aiming at improving the banking experience for millions of blue-collar workers who universal lenders often ignore. These fintech startups that like to call themselves neo-banks have suddenly become the most sought after by domestic and… Read More

June 23, 2021 @ 8:17 pm By Omar Faridi  |  

Stash, the subscription platform that aims to empower middle-class America to build wealth via innovative investing and banking products, has acquired PayGrade, a financial literacy platform assisting students with adopting healthy financial habits. As mentioned in an update shared with CI, the addition of PayGrade… Read More

June 22, 2021 @ 9:27 am By JD Alois  |  

illimity, the first digital bank in Italy that previously completed a SPAC deal, has distributed its strategic plan for the time period of 2021 to 2025. After reporting net income in 2020 of  €31 million following a net loss of €16.1 million in 2019, illimity… Read More

June 21, 2021 @ 5:22 pm By JD Alois  |  

Brazil-based digital bank Nubank is said to be in the early stages of pursuing an initial public offering (IPO) in the US. Earlier this month, it was reported that Nubank had acquired $750 million in capital as part of two extensions of its latest Series… Read More

June 21, 2021 @ 9:26 am By Omar Faridi  |  

BBVA Switzerland has opened its Bitcoin trading service to all private banking customers. After six months of in-house testing with a certain group of users, BBVA Switzerland has decided to make its first digital asset trading and custody service accessible to all its private banking… Read More

June 20, 2021 @ 8:45 pm By Omar Faridi  |  

After acquiring $51 million in capital through a Series B round led by Accel, Banking-as-a-Service (BaaS) provider Unit has introduced a product that will allow firms to offer live bank accounts and issue payment cards within minutes. Better Tomorrow Ventures, Aleph, Flourish Ventures, and TLV… Read More

June 20, 2021 @ 7:08 pm By Omar Faridi  |  

Berlin-headquartered deposit marketplace Raisin has officially launched its operations in the US by teaming up with its first partner bank. MapleMark Bank has reportedly become the first US-based banking institution to integrate Raisin’s Savings-as-a-Service software on its digital platform. By leveraging the technology, MapleMark customers… Read More

June 19, 2021 @ 8:53 pm By Omar Faridi  |  

ICICI Bank Ltd, a privately-owned Indian development finance institution with its registered office in Vadodara, Gujarat, and corporate office in Mumbai, Maharashtra, has launched “ICICI STACK for Corporates,” which is described as a complete set of digital banking services for corporates and their promoters, group… Read More

June 18, 2021 @ 1:42 pm By Omar Faridi  |  

Mexico-based Fintech firm Credijusto, an SME lending solution provider, has confirmed its acquisition of a local banking provider, Banco Finterra which focuses on offering financing solutions for small businesses and the country’s agriculture industry. Credijusto acquired the regulated banking institution in a deal valued at… Read More

June 18, 2021 @ 11:55 am By Omar Faridi  |  

London-based 10x Future Technologies, a Cloud banking solution provider, has finalized an oversubscribed $187 million Series C round. The company states: “10x Future Technologies is … focused on transforming banking to be 10x better for customers, banks and society. The group has developed its own… Read More

June 15, 2021 @ 3:17 am By Omar Faridi  |  

The Basel Committee on Banking Supervision, the main international standard-setter for the prudential regulation of banks and provides a forum for regular cooperation on banking supervisory matters (with 45 members comprising central banks and bank supervisors from 28 jurisdictions), has initiated a public consultation on… Read More

June 14, 2021 @ 10:07 pm By Omar Faridi  |  

B4B Payments, a multinational prepaid payments provider, has chosen Banking Circle to offer  payments infrastructure to support its corporate banking services. Offering prepaid solutions to businesses for over 15 years, Financial Conduct Authority (FCA) approved B4B Payments enables companies to effectively manage their finances, which… Read More

June 14, 2021 @ 3:41 pm By Omar Faridi  |  

The European Banking Authority (EBA), a regulatory body of the European Union that’s headquartered in Paris, released a report, earlier this week, on the data offered by payment service providers (PSPs) on their readiness to apply strong customer authentication (SCA) for the set of payment… Read More

June 13, 2021 @ 9:10 am By Omar Faridi  |  

The topic of banks vs. Fintech firms has been “another hot one as of late,” the team at Fintech Current notes in an update while adding that with court rulings, the questioning of banking execs on Capitol Hill has been ongoing. And, if you have… Read More

June 12, 2021 @ 7:24 pm By Omar Faridi  |  

Line has reportedly introduced its third digital banking platform in Southeast Asia through a partnership with PT Bank KEB Hana Indonesia. The introduction of the smartphone-only bank in Indonesia has come after similar launches in Taiwan and Thailand. The partnership between Line and Hana Bank… Read More

June 11, 2021 @ 8:00 am By Omar Faridi  |  

VTB Bank (FRA: KYM1) has entered into an agreement with the Federal Tax Service of Russia in order to introduce a service for providing a qualified electronic signature (QES) via a physical medium. The pilot initiative will begin in Moscow and St. Petersburg for the banking… Read More