Tagged: digital bank

May 25, 2023 @ 10:00 pm By Omar Faridi  |  

D360 Bank, Saudi Arabia’s innovative new digital bank is pleased to announce its partnership with Thunes, a global cross-border payment infrastructure platform. This collaboration will “empower D360 Bank’s customers in Saudi Arabia to make fast and cost-effective B2B business payments and international remittances worldwide.” Additionally,… Read More

May 16, 2023 @ 9:40 am By Omar Faridi  |  

The digital bank N26 announced the launch of its new N26 Instant Savings account in Spain, offering eligible customers “with a Spanish IBAN 2.26% AER (2,26% NIR) on deposits with no conditions of permanence, no minimum deposit amounts required, no additional fees, and no need… Read More

May 10, 2023 @ 1:04 pm By JD Alois  |  

Goldman Sachs (NYSE:GS) provides much of the magic behind Apple’s (NASDAQ:AAPL) Fintech ventures. Not too long ago, Apple announced its anticipated saving plan, offering consumers an APY of 4.15% – higher than many banking firms. While few details are available on the success of Apple… Read More

May 8, 2023 @ 11:39 pm By JD Alois  |  

ViewTrade, a FINRA-regulated broker-dealer, has been selected by ONE ZERO, a digital bank, to provide securities trading. ONE ZER, based in Israel, is leveraging ViewTrade’s API and FIX connection to power trading on its platform. Account holders in Israel may now access US markets trading… Read More

May 5, 2023 @ 11:51 am By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announces its partnership with Grasshopper, the client-first digital bank built for the business and innovation economy. Grasshopper will “leverage multiple nCino solutions, including Portfolio Analytics, Commercial Banking and Customer… Read More

May 3, 2023 @ 5:10 pm By Omar Faridi  |  

Paymentology, the global issuer-processor, announces a strategic partnership with Nomo Bank, which claims to be the world’s “first” fully digital Sharia-compliant cross-border bank. Nomo, part of the Bank of London and The Middle East (BLME), and backed by Boubyan Bank, “offers Middle East customers a… Read More

May 2, 2023 @ 10:32 am By JD Alois  |  

Banking as a Service Provider Griffin, has appointed Marina Gorey as Chief People Officer. Griffin states that this marks a new phase for the Fintech, which was recently authorized, subject to restrictions, as a UK bank by the Prudential Regulation Authority (PRA). David Jarvis, CEO and… Read More

May 2, 2023 @ 9:52 am By Omar Faridi  |  

Revolut has reportedly made its initial entry into Latin America with a launch in Brazil. Revolut‘s global account will provide local consumers with foreign exchange and remittance capabilities in 27 different currencies, along with having a payment card that is accepted in over 150 nations…. Read More

May 1, 2023 @ 11:32 am By JD Alois  |  

In another sign of the flagging global economy, Germany-based digital bank N26 has announced a 4% reduction in its employee headcount. N26 is a fully licensed bank receiving approval in its home country. N26 operates in various European countries. At one point, it took a… Read More

April 24, 2023 @ 7:05 pm By JD Alois  |  

Digital bank LendingClub (NYSE: LC) has appointed Janey Whiteside joined as a member of its Board of Directors, effective April 20, 2023. Whiteside is currently a Partner of the Consello Group and the CEO of Consello’s Growth and Business Development division. Prior to Consello, Whiteside… Read More

April 20, 2023 @ 8:31 am By Omar Faridi  |  

The digital bank N26 announced its new campaign, “Security Explained Simply” in order to help “decode the increasingly complex landscape of security in digital banking.” Each of the five updates featured in the campaign “discuss a separate security concept narrated by a character that relates… Read More

April 17, 2023 @ 12:04 pm By Omar Faridi  |  

FNZ, the global wealth management platform, and Virgin Money, the “full service” digital bank serving 6.6 million customers across the UK, are announcing that they have partnered in order “to launch a new digital investment solution for UK retail investors.” The service has been “developed… Read More

April 16, 2023 @ 3:39 pm By Omar Faridi  |  

The mobile bank N26 recently announced the appointment of Jan Stechele as Managing Director and Chief Risk Officer of N26 AG and N26 Bank AG. In his new role, Jan Stechele will “oversee N26’s governance, compliance and risk functions in the interim and will take… Read More

April 15, 2023 @ 10:08 pm By Omar Faridi  |  

ZA Bank has announced its latest plan to become the “go-to bank” for the Web3 ecosystem, providing essential banking services to Web3 enterprises. In an effort to support this goal, ZA Bank has “become a Title Sponsor of the inaugural Hong Kong Web 3 Festival… Read More

April 14, 2023 @ 8:24 am By Omar Faridi  |  

Dmitry Zlokazov, Head of Product at neobank Revolut, recently noted that the joint accounts feature should help the app become more social and “inclusive.” Revolut’s new joint account feature is available for consumers across Europe. As noted in the update from the Fintech firm, joint… Read More

April 1, 2023 @ 4:10 pm By Omar Faridi  |  

Alkami Technology Inc. (Nasdaq: ALKT), a Cloud-based digital banking solutions provider for banks and credit unions in the U.S., announced that Connecticut-based Liberty Bank has launched “the Alkami Digital Banking Platform, and is successfully converting a substantial portion of their customer base—approximately 150,000—to Alkami’s single… Read More

March 27, 2023 @ 4:21 pm By JD Alois  |  

LendingClub (NYSE:LC) has appointed Stephen Cutler as a member of its Board of Directors. Cutler officially joined the board last week (March 23). An attorney, Cutler recently served in various positions at Simpson Thacher & Bartlett LLP, including as the Global Head of the firm’s… Read More

March 15, 2023 @ 10:38 pm By Omar Faridi  |  

livi bank, which claims to be one of Hong Kong’s leading lifestyle and technology-driven virtual banks, recently announced the full launch of livi Business, which is described as its game-changing service designed “to empower SMEs (small and medium enterprises) to pursue their ambitions by meeting… Read More

March 13, 2023 @ 8:45 am By Omar Faridi  |  

This past January, Anchorage Digital marked the second anniversary of their federal bank charter. According to Anchorage Digital, it was “a moment of pioneering progress for any digital asset bank, and it coincided with their announcement of another milestone for their compliance and bank program:… Read More

March 10, 2023 @ 5:47 pm By JD Alois  |  

The dust is still settling following the collapse of Silicon Valley Bank (NASDAQ:SIVB). While greater clarity may arise next week, clients of the bank are scrambling to figure out what they have and what they may not hold. Following the market close, LendingClub (NYSE:LC), a… Read More