Tagged: digital banking

September 24, 2023 @ 10:21 pm By Omar Faridi  |  

Starling Bank is raising the interest rate on its 1-Year Fixed Saver from 5.25% to 5.53% AER/Gross. Effective from Thursday 21 September 2023, Starling Bank customers “choosing the Fixed Saver will receive a return of 5.53% on balances of £2,000 – £1 million locked in… Read More

September 24, 2023 @ 8:11 pm By Omar Faridi  |  

In order to support innovation, financial inclusion as well as the emerging digital financial services ecosystem, the State Bank of Pakistan (SBP) has reportedly issued In-Principle Approvals for launching five digital retail-focused banking platforms. Pakistan’s newly approved online banks reportedly include HugoBank, KT Bank Pakistan… Read More

September 23, 2023 @ 6:12 pm By Omar Faridi  |  

Nubank (NYSE:NU), which claims to be one of the world’s largest digital financial services platforms, has just completed one year of its adherence to Open Finance (a system that allows customer data sharing among financial institutions with consent) and is “positively impacting its customers’ financial… Read More

September 20, 2023 @ 10:11 am By Omar Faridi  |  

Cleafy, a technology company specializing in proactive fraud prevention for digital banking, has secured €10 million in funding led by United Ventures through the fund UV T-Growth. The investment round will support Cleafy’s expansion “into new markets and further development of its technology platform.” The… Read More

September 18, 2023 @ 11:06 am By Omar Faridi  |  

Finli, a digital back office platform for small businesses, announced its integration with Q2’s Digital Banking Platform, via the Q2 Partner Accelerator Program. Q2 Holdings, Inc. (NYSE: QTWO) is a provider of digital transformation solutions for banking and lending. This integration means “that Finli’s platform… Read More

September 16, 2023 @ 4:37 pm By Omar Faridi  |  

Apiture, a provider of digital banking solutions, today announced the introduction of family banking through a partnership with Greenlight Financial Technology, Inc., the fintech company on a mission “to help parents raise financially smart kids.” Through the Greenlight for Banks program, Greenlight’s family finance app… Read More

September 14, 2023 @ 8:05 am By Omar Faridi  |  

Nubank (NYSE:NU) is launching one more type of secured loan for its customers in Brazil: the FGTS-backed loan. The new product aligns with the company’s plan “to expand its secure credit offering in 2023 and is gradually being made available to the eligible customer base.”… Read More

September 12, 2023 @ 7:22 am By Omar Faridi  |  

Bankjoy, a digital banking provider, announced its partnership with Panacea Financial, a digital financial services company designed specifically for the banking needs of doctors. Through the partnership, Panacea Financial will “empower its growing client base of physicians, dentists, and veterinarians with Bankjoy’s suite of modern… Read More

September 11, 2023 @ 11:06 pm By Omar Faridi  |  

Bluevine, the “one-stop” digital banking platform specifically designed for small businesses, today announced expanded FDIC insurance coverage of up to $3 million through Coastal Community Bank, Member FDIC, and program banks in a sweep network, automatically offering Bluevine account holders coverage of up to 12x… Read More

September 10, 2023 @ 6:22 am By Omar Faridi  |  

Dave Inc. (Nasdaq: DAVE), one of the nation’s leading neobanks, announced that John Ricci, General Counsel, will retire on September 29, 2023. Joan Aristei has been “named Chief Legal Officer, effective September 25, 2023.” Previously serving in both private and public sectors during his nearly… Read More

September 1, 2023 @ 6:37 pm By Michael Wong  |  

About 70% of digital transformation projects carried out by mid- to large-sized banks in the Asia-Pacific region have failed due to costly and lengthy in-house efforts, according to a report released by engagement banking fintech firm Backbase. The APAC-focused IDC InfoBrief, dubbed “Accelerating Customer-Centric Transformation… Read More

August 30, 2023 @ 8:57 pm By Omar Faridi  |  

The Philippines’ “Pioneering” Digital Bank Tonik continues to take strides in furthering its Shop Installment Loan through its partnership with trusted retailer, Home Along. Since the onset of 2022, Tonik’s Shop Installment Loan “has been accessible across 70% of Home Along retail outlets, a strategic… Read More

August 30, 2023 @ 8:02 pm By Michael Wong  |  

FOMO Pay, a Singapore-regulated digital payment and banking solutions provider, has announced a strategic partnership with Notabene, a global crypto-industry decision-making platform, to boost its digital asset compliance. In a statement, FOMO Pay said the collaboration will enhance FOMO Pay’s know-your-transaction (KYT) capabilities and streamline… Read More

August 26, 2023 @ 3:10 pm By Omar Faridi  |  

  As the banking landscape rapidly evolves, we decided to speak with Amit Dua, President at SunTec, a technology partner that claims to work with the world’s largest banks, helping them to improve their customer experience, pricing strategies, and ESG approach through technology-led solutions. Amit… Read More

August 23, 2023 @ 7:17 am By Omar Faridi  |  

Steve Hulme, CFO at Zopa Bank, has shared an update on their financial performance. Last year was an “exceptionally” strong year for Zopa Bank that reportedly “laid the foundations for their strong profitable growth.” The firm’s management added that as people in the UK continued… Read More

August 22, 2023 @ 2:17 pm By Omar Faridi  |  

Eltropy, the digital conversations platform for community financial institutions (CFIs), announced a partnership with Alkami Technology, Inc. (Nasdaq: ALKT), a cloud-based digital banking solutions provider for financial institutions in the U.S. The Eltropy-Alkami partnership will “allow more financial institutions to create personalized account-holder experiences for… Read More

August 20, 2023 @ 10:09 pm By Omar Faridi  |  

The Philippines’ First Neobank Tonik Digital Bank is pleased to announce the launch of its Shop Installment Loan to FC Home Center stores. The partnership pushes to “enhance the shopping experience of customers in the consumer durables market.” Customers will now have “access to 15-minute… Read More

August 20, 2023 @ 4:55 pm By Omar Faridi  |  

Nubank (NYSE:NU), which claims to be one of the largest digital financial services platforms in the world, announces the start of practical tests as part of its integration into the pilot project of Drex, the Brazilian digital currency formerly known as Real Digital. The start… Read More

August 17, 2023 @ 3:22 pm By Omar Faridi  |  

Veteran-led Citizens Bank of Edmond publicly launched Roger, the only digital-first bank tailored to service members, “under the leadership of President and CEO Jill Castilla.” Established in 1901 with $375 million in assets, Citizens Bank of Edmond is renowned “for its community-focused banking and lending… Read More

August 9, 2023 @ 10:26 pm By Omar Faridi  |  

Netbank and UBX have signed an agreement to issue loans to sellers on ecommerce platforms, and started to issue these loans. Netbank expects to rapidly “expand its lending to e-commerce sellers in the next year.” Many sellers on e-commerce platforms “require additional working capital to… Read More