Tagged: digital bank

Ant Group Announces Additional Investment in Singapore based ANEXT Bank

Alibaba’s Ant Group has reportedly committed another SGD 200 million investment into ANEXT Bank, which is its wholly-owned subsidiary and SME digital bank. This, according to media reports from March 25, 2024. As reported by DealStreetAsia, the digital finance and technology firm had previously committed… Read More

Gulf Energy Leads Bid for Thailand’s Virtual Bank License

Thailand energy conglomerate Gulf Energy Development Plc is teaming up with telecommunications powerhouse Advanced Info Service Plc (AIS) and the esteemed Krungthai Bank Plc (KTB) to enter the burgeoning field of virtual banking in the country. According to a report by The Nation, this collaboration… Read More

European Digital Bank N26 Appoints Mayur Kamat to Key Executive Role

Digital bank N26 recently announced the appointment of Mayur Kamat as its new Chief Product Officer. Mayur is said to have “a proven track record leading product teams and building new solutions at some of the world’s biggest technology companies.” He reportedly brings with him… Read More

Tonik Digital Bank Appoints Ex- BAP Head Cesar Virtusio to Key Role in the Philippines

Tonik, the digital bank in the Philippines, announces the appointment of Mr. Cesar O. Virtusio as a new Independent Director on the Board of its regulated bank subsidiary, Tonik Digital Bank Inc. Mr. Virtusio, an experienced professional in the Philippine and foreign banking and finance… Read More

UK’s Allica Bank Announces New Integrations to Help Businesses Streamline Operations

Allica Bank – a digital bank for established businesses with 10 or more employees – has announced partnerships with accounting software platforms Sage and Xero. The direct integrations will mean Allica Bank business current account customers that use Sage and Xero can “have their account… Read More

Digital Bank N26 to Offer Up to 4% Interest on Deposits in New Markets

N26 has reportedly launched Instant Savings in 13 new markets, offering customers up to 4% interest on deposits. Digital bank N26 recently confirmed in a blog post “the launch of its Instant Savings accounts in a further 13 markets across Europe.” From now onwards, customers… Read More

Digital Bank Grasshopper Bolsters PE and VC Banking Efforts with Key Appointment

Grasshopper has announced Gabrielle Piasio’s addition as Senior Vice President of Sponsor Banking. This move marks the bank’s continued commitment to providing comprehensive lending and depository solutions to companies of all stages. In this role, Piasio is expected to help move the banking institution’s strategic… Read More

UK’s Digital Bank Monzo Secures $400 Million at $5 Billion Valuation

UK’s challenger bank Monzo has finalized a heavily-trailed $400 million investment round, which has increased the firm’s valuation to $5 billion. The funding round, an incentive for pushing the banking platform towards profitability, was reportedly led by Alphabet-owned Capital G, along with contributions from Google… Read More

Brazil’s Digital Banking Platform Nubank Reports $1B+ Full Year Net Profit

Nu Holdings Ltd. (NYSE: NU), one of the largest digital financial services platforms, released its Fourth Quarter and Full Year 2023 financial results. Financial results are expressed “in U.S. dollars and are presented in accordance with International Financial Reporting Standards (IFRS).” David Vélez, founder and… Read More

Fintech SoFi Is Now the Official Banking Partner of the NBA

The National Basketball Association (NBA) and SoFi (NASDAQ: SOFI) announced a multi-year partnership making SoFi the official banking partner of the NBA, NBA G League, NBA 2K League and USA Basketball. SoFi, the bank and personal finance company, will also be “the official entitlement partner… Read More

Digital Bank Green Dot Teams Up with Dayforce

Green Dot Corporation (NYSE: GDOT), a digital bank and fintech providing seamless banking and payments services to consumers and businesses, announced a new partnership with Dayforce, Inc. Through this partnership, Green Dot will serve “as the U.S. banking provider for Dayforce Wallet, the HCM company’s… Read More

Latin America: Brazil’s Nubank Introduces New Investment Option

Nubank (NYSE:NU) has just expanded its investment offerings by bringing another new option to its customers: starting this week, the CDB IPCA (Certificate of Deposit tied to the Consumer Price Index) will be gradually available to users on the app. With this addition, customers will… Read More

Revolut to Introduce Digital Assets Exchange, Expected to Include Tools for Professional Crypto Traders

Revolut is reportedly preparing to introduce a digital assets exchange that will aim to serve advanced or professional crypto traders. As widely reported, Revolut already provides standard cryptocurrency-focused services to around 30 million clients. The new crypto exchange will reportedly aim to provide competitive fees… Read More

Grasshopper and Greenlite to Enable Due Diligence Suite to Enhance Risk Decisioning Proficiency for SMBs

Grasshopper, the client-first digital bank built for the business and innovation economy, and Greenlite, the generative AI platform for compliance teams, today announced their partnership to leverage Greenlite’s AI-enhanced due diligence suite to bolster Grasshopper’s risk decisioning proficiency for small and medium-sized business (SMB) and… Read More

UK’s Allica Bank Reports Completing £2B of Business Lending

Allica Bank – the fintech challenger bank specifically focused on established businesses with over ten employees – has revealed it has completed more than £2 billion in lending to UK businesses, with 80% of that being to businesses outside of London. Allica bank, which made… Read More

Tonik Digital Bank Teams Up with Southeast Asian Payment Gateway Provider Xendit

Tonik Digital Bank announces its newest strategic collaboration with Southeast Asian payment gateway, Xendit. The partnership marks a significant milestone for both companies, “as they join forces to deliver secure, convenient, and customer-centric financial solutions.” The partnership with Xendit will further “enrich Tonik’s ecosystem by… Read More

UK’s Digital Bank Monzo Claims Over 9 Million Customers

UK’s digital bank Monzo has reportedly reached the 9 million customer milestone. Monzo now claims over 9 million personal account customers, with 2 million joining in the past year. The digital banking platform says it has been at the forefront of the fintech innovation since… Read More

UK’s Digital Bank Zopa Introduces Cash ISA, Reports Surpassing £250M Revenue ARR

Zopa bank has launched its first Cash ISA account in order to help savers level-up their 2024 finances. Zopa bank says its aim is to “help millions of Brits with an ISA account better save by making the £333 billion sitting in Cash ISAs work… Read More

Digital Bank Revolut and Sabre to Provide Benefits to Travel Agencies via Virtual Payments

Sabre Corporation (NASDAQ: SABR), a software and technology provider that powers the global travel industry, and Revolut, a global fintech company that offers banking services, announce the results of their partnership, which is “propelling the B2B payments process for travel agencies.” The two tech companies… Read More

Latin America: Segura Bank International Now Live with Temenos Core Banking Platform

Temenos (SIX: TEMN) announced that Puerto-Rico headquartered Segura Bank International, Corp. (SBI) has gone live with Temenos core banking platform deployed in the cloud to power a new digital bank for mid to high earners in Latin America. Temenos’ cloud-native platform will “enable SBI, which… Read More

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