Tagged: digital banking

March 18, 2023 @ 11:52 am By Omar Faridi  |  

Xapo Bank now supports near-instant pounds Sterling payments and from the United Kingdom. Xapo Bank confirmed in a blog post that they are pleased to announce that they have joined the Faster Payment System (FPS). This means their members can now “send Pounds Sterling directly… Read More

March 16, 2023 @ 3:10 pm By Omar Faridi  |  

Ibanera‘s shareholders on recently finalized an $18.5 million funding round. The shareholders in Ibanera, a digital banking and payments company with a focus on embedded payments for Web3 platforms closed an $18.5 million investment round “for themselves to enable them to keep supporting Ibanera’s business… Read More

March 9, 2023 @ 10:47 am By Omar Faridi  |  

Alkami Technology Inc. (Nasdaq: ALKT), a cloud-based digital banking solutions provider for banks and credit unions in the U.S., announced that Maine-based Kennebec Savings Bank has launched the Alkami Digital Banking Platform. Alkami’s integrated solution and single platform for business, retail and mobile banking enables… Read More

March 9, 2023 @ 9:12 am By Omar Faridi  |  

Grasshopper, the “client-first” digital bank built for the business and innovation economy, recently announced steady growth and solid momentum for the year ending 2022. The bank has reportedly “expanded its management team, relaunched last March with a new vision, and has built strong lines of… Read More

March 7, 2023 @ 9:02 am By Omar Faridi  |  

Bankjoy, a digital banking provider, announced a funding round led by Curql Collective, a Credit Union Service Organization spurring fintech innovation for credit unions, with the potential to revolutionize how people engage with their money. Curql’s limited partners of investing credit unions, CUSOs, and credit… Read More

March 6, 2023 @ 5:35 pm By Omar Faridi  |  

C6 Bank has reportedly launched features that allow customers to manage overdue credit card invoices. Now, the bank’s app “has an exclusive home page for paying invoices in short arrears (up to 67 days), a specific chat bot for self-service on this topic and a… Read More

March 4, 2023 @ 11:32 am By Omar Faridi  |  

Starling Bank has chosen Barings’ Landmark in Manchester to house its new office in the North. The digital bank intends “to create up to 1,000 new jobs for the region to fulfil roles across the company, including in operations, engineering, data science and cybersecurity.” The… Read More

March 2, 2023 @ 11:21 am By Omar Faridi  |  

Aventus, a Web3 solutions provider for enterprises, has partnered with Nexos Technologies, a digital payments and banking platform providing open banking and payment solutions, in order “to bring blockchain-enabled solutions to the digital banking and payments sector.” Nexos Technologies has deep domain expertise “in traditional… Read More

February 20, 2023 @ 8:35 am By Omar Faridi  |  

In order to provide the complete set of features that many of their customers know and love, Plutus works with various third parties including a banking partner. Their banking partner “provides and manages your Plutus current account.” Plutus is “moving from one of its current… Read More

February 15, 2023 @ 3:51 am By Omar Faridi  |  

Starling Bank is rolling out its first savings product for small businesses offering a competitive fixed interest rate of 2.5% “over one year on balances of £2,000 or more.” The new 1-Year Business Fixed Saver is “built seamlessly into the app.” Account holders can “transfer… Read More

February 7, 2023 @ 11:47 pm By Omar Faridi  |  

Digital banking platform Oxygen announced $20 million in Series B funding – led largely by return investors – and the appointment of David Rafalovsky as Chief Executive Officer (CEO). Oxygen will use the funds “to increase investment in product development and user experience around its… Read More

February 1, 2023 @ 10:33 pm By Omar Faridi  |  

livi bank, Hong Kong’s “lifestyle-driven” virtual bank, is continuing its development with the pilot launch of its wealth management service, which “follows closely on livi’s launch of its first offering to Hong Kong’s SME business community.” livi is now able “to distribute funds managed by… Read More

January 28, 2023 @ 3:44 pm By Omar Faridi  |  

N26, a European digital bank, announced the appointment of Arnd Schwierholz as its new Chief Financial Officer. The experienced manager will “lead the company’s financial department moving forward.” Arnd Schwierholz reportedly “brings decades of experience in the technology industry and in financial management for publicly… Read More

January 27, 2023 @ 10:46 am By Omar Faridi  |  

Starling Bank is starting the new year with “significant” achievements. The digital bank reveals that it “tops the Current Account Switch Service (CASS) leaderboard, is named Britain’s best current account by Finder.com, and makes the top ten in its debut entry to the UK Customer… Read More

January 27, 2023 @ 8:45 am By JD Alois  |  

Fagura, a Fintech that aims to become the “first community digital bank in CEE for anyone to borrow, invest and transfer money,” has raised over €786,000 on Seedrs. According to the offering page, 287 investors backed the firm, which easily topped its €400,000 initial funding… Read More

January 25, 2023 @ 8:22 pm By Omar Faridi  |  

Newly launched Filipino digital bank GoTyme Bank has partnered with global cloud banking platform Mambu in order “to deliver an innovative digital banking solution that is aiming to improve access to high quality financial services for Filipinos.” Singapore-based Tyme Group, which has partnered with Gokongwei… Read More

January 20, 2023 @ 3:56 pm By JD Alois  |  

The US Federal Reserve is said to be investigating Goldman Sachs (NYSE:GS)  and their consumer operations – specifically consumer lending, according to a report. The news follows a difficult earnings report by Goldman that is being described as its worse earnings miss in a decade.  Goldman’s… Read More

January 20, 2023 @ 9:11 am By Omar Faridi  |  

Bitpanda announced that the successful Austrian-only phase of their partnership with N26, one of the largest digital banks in Continental Europe, has been expanded. N26 customers from Germany, Portugal, Belgium, Ireland and Switzerland will now “be able to invest in a wide range of over… Read More

January 19, 2023 @ 7:57 am By Omar Faridi  |  

WeLab Bank, which claims to be the most innovative bank in Hong Kong, launched the Exclusive Limited-time Offer: Tesla-dedicated Loan with 0% APR “for selected Tesla owners and staff from selected organizations across Hong Kong.” Eligible customers will also “enjoy bonus offer including free supercharging1,… Read More

January 18, 2023 @ 9:52 am By Omar Faridi  |  

The financial services sector has evolved considerably during the past decade, with many new Fintech startups and banking challengers raising substantial funding to fundamentally improve how consumers perform transactions. Individuals and business organizations across the globe have been moving their activities online, a digital transformation… Read More