Tagged: digital banking

Amsterdam based Neobanking Fintech bunq Introduces Local Currency Feature via Platform’s Banking App

Amsterdam-based neobanking Fintech Bunq has introduced a domestic currency feature for digital nomads that is available via the firm’s banking app. Bunq clients are able to receive, convert, hold and spend in several different currencies without needing to exit the app. The first currencies that… Read More

Fintech Investments in Saudi Arabia Surge to $347M During Past Year: Report

During the past year, the Fintech sector in Saudi Arabia has experienced steady growth. This, according to the Fintech Saudi Annual Report for 2020/2021. The number of Saudi Arabia-based Fintechs increased by 37% with an investment amount surpassing SAR 1.3 billion (appr. $347 million). Nejoud… Read More

Revolut Hires Executive to Lead Mexico Expansion as it Moves into Latin America

Neobank Revolut has selected Juan Miguel Guerra as CEO for Mexico as the Fintech moves into a new market. Guerra was previously at RappiPay and is said to have held senior executive roles at Citibanamex and other Fintech firms. Mexico is Revoluts first step into… Read More

Digital Banking: BBVA Group Launches All-Digital Retail Bank in Italy

The BBVA Group is launching an all-digital retail banking in Italy, with a “unique” value proposition and customer experience. BBVA is entering the Italian market with free digital banking; “one of the most secure cards in the world – as there are no printed numbers… Read More

Digital Transformation: Constellation Digital Partners Introduce New Service for Farmers Insurance Federal Credit Union

Constellation Digital Partners have introduced a digital service for Farmers Insurance Federal Credit Union (FIGFCU) on the Constellation platform. This launch reportedly includes support for member enrollment and authentication, with Android and iOS application support. The digital service FIGFCU comes with a location finder from… Read More

Asia Digital Bank, Recipient of Digital Banking License by Labuan Financial Services Authority, Partners with Bianjie, IRISnet’s Core Team

Asia Digital Bank Ltd. (Labuan Investment Bank), the first recipient of the Digital Banking license issued by Labuan Financial Services Authority in Malaysia and an international digital asset operator, announced a partnership with Bianjie, which is IRISnet’s Core team, and a Cosmos Core Contributor since… Read More

Netherlands based Virtual Bank Fibr Launches Operations to Support SME Lending Across European Markets

FIBR, the connected virtual banking platform, has launched so that it can serve European SMEs, by combining the stability of a bank with the agility and technology of a Fintech service provider. Based in the Netherlands, FIBR is focused on lending to European SMEs. The… Read More

Pakistan based Digital Payments Platform EasyPaisa Updated with Temenos Transact Core Banking

Temenos Transact Core Banking will be supporting product innovation and greater scalability and overall efficiency for Pakistan’s virtual payments platform Easypaisa. Telenor Microfinance Bank, which is the operator of Pakistan’s digital payments platform Easypaisa, has officially gone live on Temenos’ Core banking platform with NdcTech… Read More

UK’s Digital Bank Monzo to Allow Contactless Payments up to £100, to Enhance User Experience

The team at UK-based digital bank Monzo notes that beginning on October 14, 2021, they have  increased the limit for contactless card payments “from £45 to £100.” So the Fintech firm’s clients can carry out single payments of “up to £100” using their contactless Monzo… Read More

Digital Banking Fintech Revolut Performs Updates to Enhance Security, Streamline UX

Digital banking platform Revolut notes in a blog post that Halloween is soon on its way, however, there’s nothing “spooky” about the work they’ve been doing during October 2021. The Revolut team also mentioned that they’ve performed updates to enhance platform security and reduce your… Read More

UK based Digital Banking Platform Starling Explains How to Set Your Own Contactless Payments Limit

The team at UK’s digital bank Starling notes that they always want their clients to be in control of their funds. That’s why they are introducing a feature that allows customers to set their own limit for contactless payments made with their debit cards, “up… Read More

Goldman Sachs Beats Estimates, Consumer and Wealth Management Tops $2 Billion, Shares Rise

Goldman Sachs (NYSE:GS) a global investment bank and fast-growing Fintech firm, has reported Q3 financial results and business is good. According to Goldman, during the first nine months of 2021, the company generated net revenues of $46.70 billion along with net earnings of $17.70 billion… Read More

UK based Digital Bank Zopa Appoints Helen Beurier as Chief People Officer Ahead of 2022 IPO

Digital bank Zopa has confirmed the appointment of Helen Beurier as its first Chief People Officer. With more than 25 years of professional experience across some of the largest FMCG, retail, and pharma household names, Helen brings “a wealth of experience to the digital bank… Read More

Digital Invoicing Feature from Autobooks Now Available for TD Business Simple Checking Accounts

TD Bank (NYSE: TD) reveals that it has expanded its working relationship with Autobooks in order to add invoicing as a feature to its TD Business Simple Checking, which should make it easier for small and micro businesses to process invoices and “get paid faster.”… Read More

Jack Henry, Provider of Payments Processing for Financial Services Sector, Integrates with Finicity, Akoya, Plaid

Jack Henry & Associates, Inc. (NASDAQ: JKHY), a provider of tech solutions and payment processing services for the financial services sector, announced on October 12, 2021 that Finicity, Akoya, and Plaid are among the first Open Banking platforms to integrate to the Banno Digital Platform by… Read More

Ribbit Capital Makes Investment in Bank Jago to Support Financial Inclusion Efforts in Indonesia

PT Bank Jago Tbk recently announced that Ribbit Capital, which is one of the leading Fintech investors whose investments includes Tinkoff, Revolut, BharatPe, Robinhood, Affirm, Nubank, Coinbase and Credit Karma, has made an investment in Bank Jago, an Indonesia-listed tech -based bank with “a drive… Read More

Digital Transformation: UK’s Darlington Building Society Selects New Onboarding System Offered by ieDigital

UK-headquartered Darlington Building Society has confirmed the selection of a new onboarding system provided by ieDigital. The building society stated that its updated system will give members the option to open up accounts online in a streamlined manner. It will also offer various self-service options… Read More

OneFor Teams Up with Moorwand to Introduce New Remittance Service

Moorwand, a BIN sponsor and issuer that aims to transform compliance into an “enabler of innovation,” has been chosen by OneFor, a digital wallet and money transfer and payments service for the remittance market. Moorwand is offering issuing, acquiring and digital banking solutions that will… Read More

Teen Fintech Copper Banking Finalizes Seed Round to Expand Business Operations

Teenagers can be quite the experts when it comes to spending money. The problem is, many never really learn how to save their money, manage it effectively, and make it grow over an extended period of time. A third or over 30% of US teenagers… Read More

Virtual Banking: Fintech Firm 11Onze Signs Up Catalans to their First Community Digital Bank Accounts

Thousands of Catalan residents celebrated the launch of the first community virtual bank account, El Canut, by registering to open a new account on October 1, 2021 – which is an important date on the Catalan calendar, as it marks the anniversary of the independence… Read More

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