Tagged: digital banking

U.S. Fintech Zytara Announces Plans to Launch a Digital Banking Platform & Payment Network Designed for Millennials & Gen Z Games/Esports Enthusiasts

  Zytara, a U.S.-based fintech startup, announced on Thursday it is planning to launch a digital banking platform and payment network that is specifically designed for millennial and gen Z gamers and esports enthusiasts. Founded in 2019, Zytara claims that its financial offering will be… Read More

Fintech Unicorn and Digital Bank Revolut Appoints Former Citigroup Exec Rebecca Macieira-Kaufmann to its US Board of Directors

Prominent digital bank Revolut has appointed former Citigroup executive Rebecca Macieira-Kaufmann to its US board of directors. Macieira-Kaufmann has worked at Citigroup as a senior management professional for the past 12 years. She has served as the Head of the bank’s International Personal Bank in… Read More

Nutmeg Joins Starling Bank’s Marketplace

  Digital bank Starling Bank announced on Thursday it has welcomed Nutmeg, a UK-based digital wealth manager, to its Marketplace.  Starling reported that the new service will help its personal and sole tracker consumers connect their banking to their investment accounts and pensions. “Starling customers with… Read More

Backbase Unveils Next Generation Engagement Banking Platform & Enhanced Backbase-As-A-Service Solution

  Backbase, an omni-channel banking solution provider, announced on Tuesday the launch of its next-generation platform, as well as the release of its enhanced Backbase-as-a-Service (BaaS) offering. According to Backbase, the product launches mark an “acceleration” of its move towards a technology-led, single platform play. “Backbase’s… Read More

German Banking Platform Solarisbank Announces European Expansion Plans

  Germany-based banking as a service platform solarisBank is reportedly planning to expand its services in Europe this upcoming year. CEO of the banking group, Roland Folz, revealed to Reuters that he and his team will be working on getting the solarisBank products in a string… Read More

There are Now 123 Fintech Startups in Vietnam and Over 4.2 Million Digital Wallet Users: Report

Vietnam’s Fintech startup ecosystem has grown significantly between 2017 and 2020, according to a new report. There were 44 Fintech-related startups in the country in 2017 and now there are at least 123 financial technology firms, Fintech News Singapore confirmed. The number of Fintechs operating… Read More

Thailand Is Now Home to 96 Fintech Startups including Crowdfunding, Insurtech, Remittance Payments Services: Report

During the past few years, the Fintech sector in Thailand has grown significantly. The country is now home to at least 96 Fintech startups. Thailand’s Fintech ecosystem includes companies and businesses operating in the digital payments space, blockchain or distributed ledger tech (DLT). There are… Read More

New Digital Banking Framework Approved by Regulators in the Philippines

​The Monetary Board in the Philippines has reportedly approved the recognition of digital banking platforms as a new bank category that’s separate and distinct from the traditional bank classifications. Regulators in the country have defined digital banks as an institution or entity that provides financial… Read More

Los Angeles based Banking Challenger, HMBradley, Secures $18.25 Million via Series A Round led by Chime Investor Acrew Capital

Los Angeles-headquartered banking challenger, HMBradley, had introduced its own digital banking platform in April 2020. As previously reported, the new platform was developed to reward savers. HMBradley recently finalized an $18.25 million Series A funding round that was led by Acrew Capital (which also invested… Read More

Swedish Neobank Northmill Bank Announces New Partnership With Tink

Northmill Bank, a neobanking group based in Sweden, recently announced it has joined forces with open banking platform Tink. Northmill reported that the partnership will allow the bank to add another layer of intelligence to its credit assessments. While speaking about the partnership, Babel Poli,… Read More

Digital Banking: Fintech Unicorn Revolut to Expand Global Operations by Hiring Senior Execs in Singapore

  Prominent digital bank Revolut is reportedly planning to hire several senior management professionals in Singapore. The UK-headquartered Fintech Unicorn noted that it’s looking to recruit senior-level executives for managing its operations in the city-state. As first reported by Tech in Asia, Revolut also plans… Read More

Digital Bank Current Tops 2 Million Users, Raises $131 Million Series C

Current, one of the leading digital banks in the US, has raised $131 million in a Series C funding round led by Tiger Global Management joined by new investors Sapphire Ventures and Avenir. Foundation Capital, Wellington Management Company, and QED Investors returned to fund the… Read More

N26 Unveils New Premium Bank Account Subscriptions

Digital-only bank platform N26 announced on Monday the launch of its new banking accounts, N26 Smart and N26 Business Smart. The accounts feature most of N26’s money management features to help account users “spend and save with confidence.” The banking group explained: “Alongside all the… Read More

Revolut Junior Introduces “Co-Parent” Feature For Parents to Supervise Their Child’s Account

  Digital bank Revolut announced on Monday its service Revolut Junior is now offering a new feature called Co-Parent. According to Revolut, Co-Parent was created to supervise their child’s Revolut Junior account and make learning about money easy and fun together, because teamwork makes the… Read More

German Digital Only Bank N26 Makes Google Pay Services Available For Austria, Estonia, Greece, Lithuania, Latvia, the Netherlands and Portugal

  Digital-only bank platform N26 recently announced it is bringing Google Pay to customers in Austria, Estonia, Greece, Lithuania, Latvia, the Netherlands, and Portugal. The company made Google Pay available to customers starting in 2018, with the first launches in Belgium, Ireland, Slovakia, and Spain…. Read More

Digital Bank Revolut Partners Online Advertising Platform Adzooma so that Businesses Can Receive Cashback Incentives

London-headquartered digital bank Revolut has partnered with global online advertising platform, Adzooma, so that the bank’s business customers can get special advertising cashback incentives. This is notably the first marketing-focused incentive scheme that Revolut Business has introduced while working with a trusted partner. It’s also… Read More

Digital Banking: Luvleen Sidhu, CEO at BankMobile, Claims Online Banks Might be Even Safer than Physical Branches

Luvleen Sidhu, Co-Founder and CEO at BankMobile, an established US-based digital banking platform, reveals that she was only 28-years-old when she had launched BankMobile Technologies, which will be acquired by Megalith Financial Acquisition Corporation (NYSE:MFAC) (as reported in August 2020). In only six years, the… Read More

UK Banking Challenger Starling Reports Breaking Even, Might Become First New Digital Bank to Reach Profitability

UK-based digital bank Starling recently revealed that it managed to break even and claims that it may be on track to become the first banking challenger to reach profitability. Starling Bank’s management noted that it’s the first of the new digital banks (which includes Monzo,… Read More

Digital Banking: Revolut to Support Open Banking for Customers in Germany

Prominent digital bank Revolut has confirmed that it will support Open Banking for its customers in Germany. According to a release, the new Open Banking features will allow Revolut’s German customers to easily connect their accounts at Comdirect, Commerzbank, Deutsche Bank, ING-DiBa and Sparkasse with… Read More

A Natural Next Step: Google Moves More Into Fintech with Redesigned Pay App & Digital Bank Plex

Google, part of Alphabet (NASDAQ:GOOG) is pushing deeper into Fintech with a redesigned Google Pay App in a natural step for one of the largest tech firms in the world. Caesar Sengupta, General Manager & VP, Payments and Next Billion Users for Google, said in… Read More

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