Tagged: business banking

Virgin Money Adds Codat As New Technology Partner to Strengthen Digital Business Banking Credentials

Virgin Money recently announced it has added UK-based fintech, Codat, to its team of technology partners as it strengthens its digital business banking credentials. Virgin Money reported that Codat’s financial technology offer will play a key role in allowing a “seamless and secure” exchange of… Read More

Omar Arab: EVP of Corporate Business at VeriTran Explains how Low-Code Platforms Help Deploy Seamless Fintech Applications

We recently connected with Omar Arab, EVP of Corporate Business at VeriTran, a leading low-code platform provider for enterprises. Arab talked about how low-code solutions make it easier for everyone, including non-programmers, to create applications for a wide variety of use cases – including banking… Read More

Virgin Money Teams Up with Fintech Waracle to Support Development of Bank’s Business Current Account

Virgin Money has teamed up with app development firm, Waracle, in order to support the implementation of its digital proposition for the new Virgin Money Business current account. The Dundee-headquartered mobile and online solutions business has become well-known for its design and development of digital… Read More

Scotiabank Now Offering Real-Time Payments For All Business Banking Customers By Using Flexible Routing Options

  Canadian banking group Scotiabank announced on Wednesday it is offering real-time payments for all business banking customers using flexible routing options like an account number or email address, using Interac e-Transfer for Business. According to Scotiabank, transactions are processed in real-time, with confirmation of… Read More

Penta Teams Up With Raisin to Introduce Overnight & Term Deposits From WeltSparen

  Digital banking group Penta announced on Thursday it has teamed up with Raisin to introduce overnight and term depots from WeltSparen. Penta reported that the partnership will enable better interest rates on business accounts for its customers, which is now more than 22,000 small… Read More

AI and Machine Learning Algorithms are Increasingly being Used to Identify Fraudulent Transactions, Cybersecurity Professional Explains

The retail banking sector has been hit with numerous scams during the past few years. Cybercriminals are now also beginning to increasingly go after much larger corporate accounts by launching sophisticated malware and phishing attacks, according to Beate Zwijnenberg, chief information security officer at ING… Read More

Monzo Launches “Monzo Business” For Web

Just a few weeks after launching its business accounts, UK challenger bank Monzo announced the launch of “Monzo Business” for web, which gives users the option to manage their business account on their computer or laptop. As previously reported, Monzo stated it spent the past… Read More

Monzo Introduces Business Banking Accounts

UK challenger bank Monzo announced on Tuesday the launch of its new business banking accounts. The banking group reported that it has spent the past twelve months building the account to make banking “effortless” for small businesses.  Monzo’s team explained: “We want our business accounts… Read More

German Fintech FinLeap Announces Acquisition of Digital Business Banking Solution Penta

FinLeap, the fintech start-up platform behind Germany’s SolarisBank, announced on Tuesday it has acquired digital business banking solution, Penta. According to FinLeap, Penta offers fast and easy business banking for digital companies. Penta, which counts over 5,500 digital businesses like AirHelp, bepro11, and Global Digital… Read More

Challenger Bank CivilisedBank Plans to Release Current Banking License to Focus on Technology Platform

CivilisedBank, UK-based challenger business bank with a Local Banker network, announced on Friday it will release its current banking license to give more time to develop its technology platform before reapplying for a new license According to the bank, the PRA and the FCA are… Read More

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