Tagged: digital banking

Razer Fintech CEO Says Company Is Building Digital Banking Infrastructure from Scratch, Doesn’t Have “Legacy Issues”

Razer Fintech’s management has said that the company is planning to acquire a virtual banking license and that it’s willing to work independently or as part of a consortium. The Bank Negara Malaysia (BNM), the nation’s central bank, has confirmed that it will issue five… Read More

German Digital Only Bank N26 Strengthens Executive Leadership Team with New Senior Executive Hires

  Digital-only bank platform N26 announced on Monday the appointment of two key senior executives, a new Chief People Officer and Chief Operating Officer, set to join the company next month. According to N26, both roles will report directly to N26 co-founder and CFO Maximilian… Read More

Fintech Professional Claims that Digitization of the UAE Economy is Being Led by Individual Consumers, Not Service Providers

Sridhar Iyer, the Executive Vice President and Head of Mashreq Neo (the digital banking division launched in 2017), recently noted that the United Arab Emirates (UAE) has one of the highest smartphone or mobile Internet penetrations rates in the world. Iyer claims that the UAE’s… Read More

OneConnect, the Fintech Division of Ping An Insurance, Wins Platinum Award for Digital Banking

OneConnect Financial Technology Co., Ltd. (NYSE: OCFT), an established technology-as-a-service platform for financial institutions, has won the Platinum Award for Digital Banking at the IFTA FinTech Achievement Awards 2019, “in recognition for the innovation of its OneConnect Bank Solution.” Daniel Ling, GM at OneConnect’s Hong… Read More

Update: UK Banking Managing App RoosterMoney Now Nearing £2.1 Million Through Seedrs Funding Round

RoosterMoney, a UK-based money managing mobile app, is now nearing £2.1 million through its equity crowdfunding campaign on Seedrs. The funding round was launched less than two weeks ago and has already attracted more than 440 Seedrs investors. As previously reported, RoosterMoney was founded in… Read More

Digital Transactions have Increased following COVID Outbreak, which May lead to More Account Takeovers, Identity Theft

The global banking sector has faced many challenges due to the socioeconomic problems resulting from the COVID-19 outbreak. Many banks or financial institutions have had to shut down physical branches while asking their employees to work remotely in order to prevent the further spread of… Read More

Digital Transformation: State Bank of India Is Making Important Changes to Operations to Handle More Online Transactions

Digital banking offers more convenience to consumers, which has become even more obvious due to the COVID-19 crisis. The shift towards all-digital financial services could be permanent, according to the State Bank of India (SBI) Chief. SBI, which is one of India’s largest lenders, is… Read More

Razer Fintech Partners with Singapore’s Lifestyle Marketing SaaS Provider, Perx Technologies, to Enhance Neobanking Experience

Malaysia’s Razer Fintech, the Fintech division of Razer (a multinational financial service provider), has teamed up with Singapore’s Lifestyle Marketing SaaS (software-as-a-service) provider, Perx Technologies, in order to provide better mobile-first customer engagement for financial services. Through the partnership, Razer Fintech will focus on transforming… Read More

Chime CEO Chris Britt Discusses Recent Funding Success & Future Plans With CNBC

  Following the recent announcement that app-only banking service Chime raised $485 million through a Series F round, CEO of the company, Chris Britt, sat down to discuss the funding round, as well as Chime’s future plans. As previously reported, Chime is on a mission… Read More

Digital Banking Service “One” Makes Debut

One, a U.S. digital banking startup, announced earlier this week it has officially launched its services. The company reported it is on a mission to “redesign banking for modern life” by combing digital banking with a full suite of products that traditional banks offer. Created… Read More

Sberbank Launches Cloud Services for Businesses to Sign Payment Documents Through Mobile App

Russian banking group Sberbank announced on Thursday it is rolling out cloud service for businesses to sign payment documents inside the bank’s mobile app. Sberbank explained that users of its corporate banking solution will be able to clear payments and sign documents through non-certified digital… Read More

JPMorgan backed Brazilian Fintech FitBank to Expand Payments Services Business into the US

Brazil-based FitBank Pagamentos Eletronicos SA, a Fintech firm backed by JPMorgan Chase, one of the world’s largest banks in terms of assets and scope of operations, is planning to establish an additional business office in the US during the first half of next year. The… Read More

MetaBank Announces New Collaborations With Finix & TabaPay

MetaBank, N.A. announced on Tuesday the expansion of its payments platform to include processors Finix and TabaPay. According to Metabank, Finix builds payments infrastructure for vertically-focused software providers and fintech companies. With Finix, businesses may own and monetize entire payments experience without having to build… Read More

US Banking Challenger Chime to Focus on Transaction Processing based Business Model, After Reaching $14.5 Billion Valuation with Additional Funding

US-based banking challenger Chime Financial Inc. is now valued at $14.5 billion, which is significantly more than Robinhood, another fast-growing Fintech Unicorn that recently reached a valuation of $11.2 billion after securing $200 million in additional funding last month. Chime has now become the most… Read More

Spanish Financial Giant BBVA’s US Division Recognized as one of the Best Corporate Digital Banks in North America

The US division of the BBVA (NYSE:BBVA), a Spanish multinational financial services company based in Madrid and Bilbao, Spain with nearly €700 billion in assets, was recently recognized as one of the world’s best corporate and institutional digital banks in North America by Global Finance…. Read More

Overfunding: Spanish Fintech Challenger bnc10’s Crowdcube Campaign Quickly Secures £300,000 Funding Target

bnc10, a new fintech challenger based in Barcelona, Spain, has successfully secured its initial £300,000 equity crowdfunding target through its Crowdcube campaign, which has attracted more than 225 Crowdcube investors. Founded in 2018 and launching earlier this year, bnc10 stated it has grown rapidly, hitting… Read More

UK Banking Managing App RoosterMoney Now Seeking £2.1 Million Through Seedrs Equity Crowdfunding Campaign

RoosterMoney, a UK-based money managing mobile app, is now seeking to raise a minimum of £2.1 million through its equity crowdfunding campaign on Crowdcube. Founded in 2015, RoosterMoney claims it transforms the way families manage pocket money. “Our mission is to take children from their… Read More

Brazilian Open Banking Platform Quanto Raises $15 Million Though Series A Led By Bradesco & Itaú Unibanco

Quanto, a Brazil-based opening banking platform, announced earlier this week it secured $15 million through its Series A funding round, which was led by Bradesco and Itaú Unibanco, with participation from Kaszek Ventures and Coatue. Founded in 2016, Quanto states it is “breaking apart” the… Read More

Cloud-Based ClearBank Teams Up With J.P. Morgan to Launch Multi-Currency Bank Accounts Through API

Cloud-based clearing bank ClearBank announced on Thursday it is now offering multi-currency banking accounts through API. The banking group reported that in the fourth quarter of 2020 it will be able to offer more than 30 multi-currency bank accounts, which will provide customers with the… Read More

Danish Fintech Pleo Announces Apple Pay For UK & European Customers

Pleo, a Denmark-based fintech startup, announced on Thursday it is now offering Apple Pay to its European and UK customers. Pleo reported the new capability will allow its business users to sync their Pleo credit card with Apple ePay and make payments from their Apple… Read More

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