Tagged: digital bank

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

March 4, 2023 @ 11:32 am By Omar Faridi  |  

Starling Bank has chosen Barings’ Landmark in Manchester to house its new office in the North. The digital bank intends “to create up to 1,000 new jobs for the region to fulfil roles across the company, including in operations, engineering, data science and cybersecurity.” The… Read More

March 1, 2023 @ 9:27 am By JD Alois  |  

Revolut, a UK-based digital bank, has reported its first full-year profit. Revolut has published its Annual Report, which tracks operations for the year ending December 2021. According to the report, Revolut generated £636 million in revenue during 2021, delivering £26.3 million to the bottom line…. Read More

February 22, 2023 @ 11:00 pm By Omar Faridi  |  

SmartSave Bank, the savings brand of UK digital bank Chetwood Financial, has today announced a new partnership with Flagstone, the UK’s cash deposit platform. Flagstone claims it is “the UK’s largest smart cash platform for corporate, charitable and individual clients.” It offers “a choice of… Read More

February 3, 2023 @ 9:15 am By JD Alois  |  

Monzo, a top digital bank serving the UK and the US, has surpassed seven million customers, according to an investor update posted on the Monzo community forum. The post indicates that Monzo has been growing by 150,000 new account sign-ups each month, with 350,000 customers… Read More