Tagged: banking

May 29, 2021 @ 8:15 pm By Omar Faridi  |  

Baloise, a Swiss insurance holding firm, has introduced its mobility accelerator with the goal of supporting innovative projects launched by early-stage startups under the new tagline Mobility@Baloise. This latest initiative from Baloise (in Switzerland) has come as the company launches its information platform, which has… Read More

May 29, 2021 @ 4:14 pm By Omar Faridi  |  

Komo, a digital banking service developed by East-West Banking Corporation (EastWest) (PSE: EW) in the Philippines, has teamed up with Open Banking service provider Brankas in order to support instant in-app deposits. Through this partnership, Komo users will be able to instantly top-up their balance… Read More

May 27, 2021 @ 9:47 pm By Omar Faridi  |  

Blockchain analysis firm Chainalysis has published a report, titled The Crypto Maturity Model: How Traditional Finance Can Adopt Cryptocurrency in Stages. Chainalysis notes that during the past year, cryptocurrency has become a “more mainstream” asset class, with an inflow of institutional money driving Bitcoin (BTC)… Read More

May 27, 2021 @ 8:26 am By Omar Faridi  |  

Gregoire de Lestapis, CEO of October (Spain), a European online lender, recently noted that Spain is a country with many SMEs. Gregoire revealed during a recent interview that Spanish SMEs “account for 99% of the total companies in the country, and 70% of employment and… Read More

May 26, 2021 @ 2:40 pm By Samantha Hurst  |  

    Visa (NYSE:V) announced on Wednesday it has expanded its Visa Fintech Partner Connect, which is a program designed to help financial institutions connect with a vetted and curated set of technology providers, by launching digital-first banking and payment experiences for clients.  According to Visa,… Read More

May 26, 2021 @ 8:00 am By JD Alois  |  

Varo Bank, the first Fintech in the US to become a fully chartered national bank, has added a new “Perks” program for customers. According to a release, Perks offers rewards of up to 15% Cashback from local and national merchants. The new program is set… Read More

May 25, 2021 @ 2:09 pm By Omar Faridi  |  

Open Banking is about giving users better control over their banking information. Instead of your bank hoarding the details regarding your transactions and account, users are able to decide how and when they want to share these details with other financial services providers and other… Read More

May 24, 2021 @ 12:57 am By Omar Faridi  |  

Rizal Commercial Banking Corporation (RCBC) has revealed that it has seen dramatic growth in its digital payments volume during the last year. The value of InstaPay and PESONet money transfers of RCBC Online and its mobile banking app surged 293% when compared to volumes reported… Read More

May 23, 2021 @ 10:28 pm By Samantha Hurst  |  

Zvilo, a UK-based challenger banking startup has successfully raised more than £425,000 through its equity crowdfunding campaign on Seedrs. The investment round, which orignally sought to raise £200,000, has already attracted over 260 Seedrs investors. As previously reported, Zvilo stated it is a new digital platform that seeks… Read More

May 22, 2021 @ 1:17 pm By Omar Faridi  |  

Wholesale banking has been undervalued, however, it has provided consistent results during the COVID-19 crisis, according to a recent report from Oliver Wyman and Morgan Stanley. The wholesale and transaction banking report, titled “Striving to Sustain Returns,” reveals that markets and investment banking were significantly… Read More

May 20, 2021 @ 2:18 pm By JD Alois  |  

Earlier today, US Senator Sherrod Brown, Chairman of the Senate Banking Committee,  issued a statement challenging the Office of the Comptroller of the Currency (OCC) to review federal bank charters approved for digital asset firms. In the last year of the Trump Administration, the OCC… Read More

May 18, 2021 @ 10:17 pm By Omar Faridi  |  

UK-based consumer group Which? has asked local banking institutions and building societies to release figures on the number or percentage of clients they refund for authorized push payment (APP) fraud. APP scams have been increasing during the Coronavirus crisis, with losses reaching almost half a… Read More

May 18, 2021 @ 4:07 pm By Samantha Hurst  |  

    ikigai, a banking and Wealthtech company, has successfully secured nearly 1.7 through its equity crowdfunding campaign on Crowdcube. The funding round, which originally sought to raise £1.2 million has attracted more than 1260 Crowdcube investors so far. As previously reported, ikigai is on a… Read More

May 17, 2021 @ 7:32 am By Omar Faridi  |  

Manchester-based B-North, the challenger developing an SME lending bank for the United Kingdom, has hired five more professionals to support its finance and risk departments. David Travis has joined as B-North’s Secretary and General Counsel, Andrea Harrison will be serving as Head of Financial Reporting… Read More

May 17, 2021 @ 2:29 am By Omar Faridi  |  

The Land Bank of the Philippines has introduced its digital onboarding platform for its clients so they can easily open up a savings account without being required to visit a physical bank location. The State-managed banking institution unveiled its digital onboarding system, called DOBS Mobile,… Read More

May 16, 2021 @ 3:04 pm By Omar Faridi  |  

Digital bank Monzo has introduced new and improved invoices on Business Pro. The team at Monzo notes that they’ve made in-app invoicing “better” in order to give users more time “for what really matters (like running your business, being with family, or queuing for an… Read More

May 16, 2021 @ 2:38 pm By Omar Faridi  |  

Digital bank Revolut says your account has had “a spring clean.” Revolut Business has a “new look” and a more “personalized” experience. The Revolut team writes in a blog post: “We’ve updated our Revolut Business web app and the new, simpler navigation makes it easier… Read More

May 16, 2021 @ 2:25 pm By Omar Faridi  |  

UK-based digital bank Starling notes that their overdraft can serve as a short-term “safety net” for eligible or qualified personal customers. The Starling Bank team writes in a blog post that if you don’t have enough funds in your account to cover essential payments or… Read More

May 15, 2021 @ 12:05 pm By Omar Faridi  |  

The Hong Kong Monetary Authority (HKMA), which is Hong Kong’s central banking institution that reports directly to the Financial Secretary, has announced the implementation plans for the third and fourth stages of its Open API framework. The next steps in the Open API Framework include… Read More

May 14, 2021 @ 10:41 am By JD Alois  |  

N26, a leading digital bank based in Germany, has garnered additional scrutiny by federal regulators for apparent shortcomings went it comes to anti-money laundering (AML) compliance. Earlier this week it was announced that N26 has been assigned a “special monitor” by the German financial services… Read More