Tagged: digital banking

July 6, 2023 @ 4:42 pm By Omar Faridi  |  

Andrea Isola, former General Manager for Italy & South East Europe at N26, has been appointed as the new VP of European Markets and Business Operations at the German digital bank effective immediately. In his new role as VP of European Markets and Business Operations,… Read More

July 5, 2023 @ 10:10 pm By Omar Faridi  |  

On the back of a solid start to 2023, embedded banking platform BankiFi has denounced three misconceptions around a new class of digital only neobanks that continue “to persist despite ample evidence to dispel them.” As part of its efforts to highlight the issues faced… Read More

July 5, 2023 @ 8:18 am By Omar Faridi  |  

In a report published on ‘The (Unmet) Potential of Open Banking’, Oxera identifies the key economic obstacles that are “holding back the wider adoption of Open Banking and the development of new innovative use cases that go beyond the regulatory mandate.” NatWest Group commissioned Oxera,… Read More

July 2, 2023 @ 6:51 pm By Omar Faridi  |  

Over three-quarters or 75% of the population in Lombardy, Italy’s largest and most industrialized area, banked online this past year, compared with the national average of just 63%, the Bank of Italy recently revealed. Virtual banking in Lombardy has reportedly increased by around 20 percentage… Read More

July 2, 2023 @ 2:43 pm By Omar Faridi  |  

Robo.cash claims that it sees strong potential for the Asian fintech market, which is already setting certain trends, according to an update from the firm. The parent holding of Robo.cash plans “to focus on digital banking” in Asian markets. During the Finfellas P2P conference in… Read More

July 1, 2023 @ 6:59 am By Omar Faridi  |  

In efforts to further strengthen its online banking ecosystem and protect its customers, Maybank announced that it has successfully completed the migration to Secure2u for online banking services including bill payments and DuitNow, FPX and IBG transactions. Maybank is fully supportive of and has “completed… Read More

June 30, 2023 @ 10:47 pm By Omar Faridi  |  

Revolut, the global financial super-app with more than 30 million customers globally, has launched a Robo-advisor in the US. The new feature “manages investment portfolios on behalf of customers to remove the friction from investing with lower fees than traditional companies.” Based on responses from… Read More

June 29, 2023 @ 6:14 pm By Omar Faridi  |  

Backbase, a global Fintech company and creators of a unified Engagement Banking Platform that improves every aspect of the customer and member experience, announced multiple new hires to its Enterprise team in North America. The addition of these skilled professionals shows Backbase’s dedication “to the… Read More

June 27, 2023 @ 6:08 pm By Omar Faridi  |  

Nubank (NYSE: NU), one of the largest digital financial services platforms in the world, has just surpassed the milestone of three million PJ customers. In the segment for almost four years, the company currently “has the largest number of PJ users with an open bank… Read More

June 26, 2023 @ 2:33 pm By Omar Faridi  |  

QNB Group, in collaboration with IBM (NYSE: IBM) and its ecosystem partner, Mannai InfoTech, an ICT Division under Mannai Trading Company WLL have delivered an innovative, pioneering and engaging Digital Banking experience to its customers. IBM Consulting’s Business Transformation expertise, the IBM Garage methodology and… Read More

June 26, 2023 @ 8:08 am By Omar Faridi  |  

Temenos (SIX: TEMN) recently announced that Puerto-Rico headquartered Segura Bank has selected Temenos “to power the launch of a new digital bank in the cloud for mid to high earners in Latin America.” Segura Bank will run Temenos’ banking platform “on Microsoft Azure to develop… Read More

June 22, 2023 @ 3:55 pm By Omar Faridi  |  

LHV Bank, a banking services provider to Fintech companies, has been selected by Montonio, a “rapidly growing” e-commerce checkout solution provider, to enhance its merchant services. LHV Bank’s robust API-driven infrastructure “will serve as the backbone for Montonio’s enhanced customer experience.” With LHV Bank’s suite… Read More

June 18, 2023 @ 9:42 am By Omar Faridi  |  

Hexaware Mobiquity, a digital consultancy that designs and delivers innovative digital products and services for the world’s leading brands, released the results of the firm’s annual Global Benchmark for Sustainable Banking Report. This third iteration of the report “surveyed 600 C-suite banking executives across the… Read More

June 16, 2023 @ 9:34 am By Omar Faridi  |  

VC firm Molten Ventures has reportedly written down its current holding in digital banking platform Revolut by a sizeable 40%. This move is adding to the Fintech firm’s recent challenges as it struggles to obtain a UK banking license. Molten Ventures has discounted the value… Read More

June 16, 2023 @ 9:21 am By Omar Faridi  |  

Digital bank Zopa has appointed Peter Donlon and Kate Erb as CTO and COO respectively, pending regulatory approval. Peter and Kate add significant technology and operations experience “to Zopa’s leadership roster as the company matures and enters its next stage of growth to become Britain’s… Read More

June 12, 2023 @ 8:44 am By Omar Faridi  |  

AMLYZE, a RegTech company specializing in anti-financial crime solutions for FinTechs, neo-banks and crypto businesses, is pleased “to announce its strategic collaboration with Salt Edge, a leading open banking platform.” This commercial partnership “aims to enhance AMLYZE and Salt Edge’s client offering by leveraging both… Read More

June 12, 2023 @ 6:51 am By Omar Faridi  |  

Mitek (NASDAQ: MITK), whose mission is to make digital access faster and more secure, has named experienced banking veteran Kerry Cantley Vice President of Digital Banking Strategy. Cantley brings “a distinguished 30-year career in the financial services industry to Mitek.” Most recently, she “was Senior… Read More

June 11, 2023 @ 6:54 pm By Omar Faridi  |  

Tonik recently revealed that it’s pleased to announce that they have successfully “onboarded over 1 million users since they launched in March 2021.” According to Tonik, this is such a momentous occasion for them “because it is solid proof of our significant contribution to improving… Read More

June 10, 2023 @ 12:26 pm By Omar Faridi  |  

After 9 years at the company, N26’s Chief Growth Officer, Alexander Weber, will be leaving his role at the end of June “to pursue his own entrepreneurial journey.” Having joined N26 in 2014 as one of its first team members, Alexander has “been an important… Read More

June 5, 2023 @ 9:36 am By JD Alois  |  

A survey completed by CRIF says the youth in the UK are more interested in adopting digital banking in comparison to their continental Europe counterparts. The research claims one in five (21%) of those aged 18-34 in the UK would now choose a bank based… Read More