Tagged: digital banking

Digital Bank Revolut Provides Services for Ukrainian Residents, Begins Donation Campaign

Revolut, the global financial app claiming more than 50 million customers worldwide, has announced expansion of its services to Ukrainians along with a new international donation campaign for Ukraine. Starting now, Ukrainian residents will be able to open a European Revolut account and experience “an… Read More

InfiniVAN, Maybank Philippines Partner to Enhance Digital Banking Infrastructure

InfiniVAN Inc., a telecommunications arm of IPS, Inc., has joined forces with Maybank Philippines Inc. in a bid to upgrade the bank’s financial services and enhance its security framework through advanced internet solutions. The collaboration follows the successful completion of the Philippine Domestic Submarine Cable… Read More

Revolut Is Venturing into Commercial Real Estate Lending

Revolut, a London-based digital banking platform, is venturing into commercial real estate lending, capitalizing on signs of a potential market resurgence, according to a report from Bloomberg. To spearhead this new initiative, Revolut has appointed Duncan Batty, formerly of M&G Investments, where he led the… Read More

Digital Banking Provider Planto and SCB to Enhance Financial Services for Hong Kong’s SMEs

Shanghai Commercial Bank (SCB) and Planto, a digital banking solution provider headquartered in Hong Kong, have joined forces in order to leverage fintech to enhance banking experiences for SMEs operating in Hong Kong. Through this collab, SCB and Planto have developed a suite of e-banking… Read More

Bengaluru’s Slice Bank Is Reportedly Set to Raise $300M in Funding

Slice Bank, a Bengaluru-based small finance bank, is reportedly set to raise $250-300 million from financial investors and family offices, following its merger with North East Small Finance Bank, which received RBI approval in October of 2024. As it commences banking services rollout to select… Read More

HSBC to Discontinue Zing Money App Amid Strategic Overhaul

HSBC has announced plans to shut down its international money app, Zing, just a year after it launched in the UK. Zing, which aimed to simplify international banking for UK residents, offered a multi-currency app and debit card. Users could hold and transact in over… Read More

Alkami Launches Digital Banking Assessment Tool

This week, Alkami Technology (Nasdaq: ALKT), a cloud-based digital banking solutions provider, announced the launch of its Business Banking Digital Maturity Assessment. Built only for financial institutions, this tool was derived from a recent study that was published in partnership with Emerald Research Group and… Read More

Alloy and Q2 to Provide Fraud Monitoring Solution for Banking Institutions

Q2 Holdings Inc. (NYSE: QTWO), a provider of digital transformation solutions for financial services, announced a strategic partnership with Alloy, an identity and fraud prevention platform provider, to deliver a joint ongoing fraud monitoring solution for Q2 Digital Banking customers. Powered by Alloy’s centralized identity… Read More

Latin America’s Nubank Explores UK Domicile Amid Global Expansion Plans

Nu Holdings Ltd (NYSE: NU), the parent company of Nubank and Latin America’s most valuable fintech, is weighing the possibility of relocating its legal base to the United Kingdom as it eyes broader global expansion, including a potential entry into the highly competitive US markets…. Read More

Nubank Expands Stablecoin USDC Rewards Program to All Digital Assets Users in Brazil

Brazil’s digital banking platform Nubank (NYSE: NU) is reportedly expanding the feature that rewards holders of the digital dollar USDC to all users of Nubank Cripto in Brazil. As noted by Nubank, this latest expansion allows daily returns on a minimum balance of “10 USDC… Read More

Digital Statements Provider HC3 Teams Up with Apiture Digital Banking Platform

HC3, a data-driven statement provider, announced a partnership with Apiture, a provider of digital banking solutions, to deliver digital statements via the Apiture Digital Banking Platform. The partnership enables Apiture bank and credit union clients to provide their account holders with “secure, immediate access to… Read More

European Digital Banking Platform CaixaBank Marks 15 Years of Operations in Turkey

CaixaBank is marking the 15th year of operations of its representative office in Turkey. CaixaBank noted in the announcement that the bank opened the office in 2009 as part of its “international growth strategy” through its international banking network, which has branches and representative offices… Read More

Digital Banking Platform PDX Global Tests Crypto to Cash Payments Solution PDX Beam

PDX Global, a digital banking and payments developer for the crypto economy, announced a successful round of tests of PDX Beam, the end-to-end payment transaction process and seamless crypto-to-cash payments platform for merchants and consumers. PDX has reportedly launched a live public beta test program… Read More

UK’s Digital Bank Monzo Is Taking its Mission into Europe in 2025, Seeking Qualified Professionals for EU Hub

UK’s digital bank Monzo appears to be nearing its EU launch, as the Fintech looks to roll out its services beyond the United Kingdom and US markets. Monzo said that it is taking its “mission into Europe in 2025″, as it seeks qualified applicants for… Read More

Revolut Reports €1B+ Transferred to Ukraine via its Fintech Platform, Announces Additional Community Support

As part of its ongoing commitment to supporting the Ukrainian community, global fintech company Revolut has announced that its app is now available in the Ukrainian language. This move comes around two years after Revolut started offering payment services to refugees fleeing Ukraine and the… Read More

Nordic Challenger Bank Lunar Launches Standalone Enterprise Payments Division

Lunar, the Nordic challenger bank, is taking a step to redefine payments for enterprises by over time transitioning its Banking Services division into a new standalone entity within Lunar Group: Moonrise. This move underscores Lunar’s commitment to scaling its operations and unlocking the immense potential… Read More

CIMB Cancels Digital Banking Pursuit in the Philippines

CIMB Bank Philippines will not seek a digital banking license from the Bangko Sentral ng Pilipinas (BSP), opting instead to enhance its digital banking capabilities using its existing commercial banking license. The bank believes this approach provides sufficient flexibility to introduce a broader range of… Read More

European Digital Banking Platform CaixaBank Releases Plan to Ensure Sustainable Profitablility

CaixaBank unveiled its 2025–2027 Strategic Plan in order to ensure sustainable levels of profitability “above 15% (ROTE)” in order to support the growth of loans to firms and households, which is on track to grow by around 4% CAGR during the next three years. Maintaining… Read More

Nubank Overtakes Banco do Brasil as Brazil’s Top Main Bank with Digital-First Innovation – Analysis

Digital banking platform Nubank‘s (NYSE: NU) rise to Brazil’s “number one” bank provider is highlighted in an update which noted that the challenger has now overtaken Banco do Brasil, the country’s oldest bank founded in 1808, signifying a “paradigm shift” in the banking industry. By… Read More

UK’s Digital Bank Zopa Aims to Double Profits in 2024, Plans Current Account Launch

UK’s digital bank Zopa reportedly intends to double profits this financial year as it potentially prepares for a 2025 current account launch. Digital bank Zopa is reportedly on track to significantly increase profits and boost yearly revenue by over a third this financial year due… Read More

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