Tagged: digital banking

August 26, 2022 @ 8:27 pm By Omar Faridi  |  

Bank of America (NYSE: BAC) clients are increasingly relying on the company’s digital solutions to manage their finances. Clients logged into the company’s digital platforms “nearly 1 billion times in July, the highest month ever.” This follows “a record 2.8 billion digital logins in the… Read More

August 23, 2022 @ 10:31 pm By Omar Faridi  |  

First Federal Bank of Kansas City released a refreshed, innovative online and mobile banking platform powered by Narmi, an enterprise digital banking provider. Together they “enhanced the end-to-end digital experience from online account opening through online and mobile banking for First Federal’s 25,000 consumer and… Read More

August 21, 2022 @ 5:17 pm By Omar Faridi  |  

Brazil’s C6 Bank notes that this latest update was prepared according to global “best practices” for publishing information on economic, social and environmental impact. In the midst of celebrating its three-year launch, C6 Bank has published the 2021 Annual Report. Available in the Documents section… Read More

August 18, 2022 @ 10:48 am By Omar Faridi  |  

Revolut, the global financial super app with more than 20 million customers worldwide, has “rebranded its service for 6 – 17 year olds.” ‘Revolut <18’ is “an account for young people which is connected to their parent/guardian’s Revolut account, helping young people feel positive and… Read More

August 15, 2022 @ 8:22 am By Omar Faridi  |  

John Mitchell, Co-founder and CEO, Episode Six, recently shared his views and insights with Crowdfund Insider. Episode Six is a payments technology company, which recently entered into a strategic relationship with US-headquartered Mode Eleven. Mode Eleven and its subsidiary, Summit National Bank, have selected Episode… Read More

August 11, 2022 @ 12:47 pm By Omar Faridi  |  

Unit, the banking-as-a-service platform that empowers companies to embed financial services into their products, announced a partnership with Thread Bank, a digital-first bank based in Rogersville, Tennessee. Companies will now be able to “embed a complete set of banking services into their products—including accounts, cards,… Read More

August 2, 2022 @ 10:57 pm By Omar Faridi  |  

Alif, a Central Asian Fintech operating as a “full-fledged” Bank in Tajikistan and as e-commerce and Fintech company in Uzbekistan, has announced “a record 150%+ year-on-year revenue growth in the 12 months leading to June 2022.” During the same period, the total number of Alif… Read More

August 2, 2022 @ 11:46 am By Omar Faridi  |  

In yet another initiative with the goal of transforming consumers’ financial lives via education, Brazil’s C6 Bank is promoting the second edition of the Financial Expedition, a project that takes free workshops “to communities in small municipalities.” This edition takes place between the 9th and… Read More

July 26, 2022 @ 12:28 pm By JD Alois  |  

Monzo, a leading digital bank, has been ordered by the UK Competition and Markets Authority (CMA) to manage its departing customers better. According to a statement by the CMA, Monzo must review how it communicates with exiting customers regarding historic financial transactions. Apparently, Monzo informed… Read More

July 24, 2022 @ 5:37 pm By Omar Faridi  |  

OneConnect Financial Technology Co., Ltd, the technology-as-a-service provider and an associate of Ping An Group, recently announced the launch of OneCosmo, a “one-stop” omni platform for all-in-one digital banking solutions jointly “developed with Brazil-based tech company Pismo, one of the fastest growing banking Software-as-a-Service (SaaS)… Read More

July 24, 2022 @ 1:44 pm By Omar Faridi  |  

Moneyhub, which claims to be one of the market-leading Open Data and payments platform, is teaming up with Pennyworth, a financial planning and banking app, “to redesign digital banking for the aspiring-affluent consumer.” Pennyworth, which has applied for a UK banking license, has “developed a… Read More

July 19, 2022 @ 9:54 pm By Omar Faridi  |  

Apiture, which claims to be a “leading” provider of digital banking solutions, announced the closing of a $29 million fundraising round which was led by Live Oak Bank, with participation from other existing investors. The latest investment round “brings the total funding raised by Apiture… Read More

July 19, 2022 @ 11:15 am By Omar Faridi  |  

After its first monthly operating profit in Q1 FY22, Atom Bank has “delivered three further consecutive quarters of operating profit.” Underlying operating loss “narrowed to £2m – a £34m improvement over the previous year.” Income grew “by over 200%, with costs increasing by just 6%,… Read More

July 18, 2022 @ 9:14 am By JD Alois  |  

Goldman Sachs (NYSE:GS) has beaten analyst estimates reporting Q2 2022 earnings per share of $7.73. At the same time, Goldman raised its dividend to $2.50 a share, a whopping 25% increase over previous amount. The price of Goldman shares increased in pre-market trading. David Solomon,… Read More

July 17, 2022 @ 1:34 pm By Omar Faridi  |  

Revolut, the global financial super app, has surpassed 20 million retail customers worldwide, and is now “processing over 250 million transactions a month.” Both achievements come as Revolut “celebrates its seventh anniversary.” Revolut is continuing “to expand its global workforce, topping 5,000 employees globally.” Over… Read More

July 12, 2022 @ 11:25 pm By Omar Faridi  |  

Hong Kong-based digital bank WeLab recently revealed that it has introduced its virtual wealth advisory service, GoWealth Digital Wealth Advisory. Clients may kick start their personalized investment plans from as low as HKD 100. In April 2022, WeLab had been granted Type 1 (dealing in… Read More

July 7, 2022 @ 6:59 pm By Omar Faridi  |  

YAP, which claims to be the leading Fintech “revolutionizing” the digital banking experience in the MENA region and South Asia, has raised $41 million “to fund its operations and growth.” The latest investment round includes contributions from Saudi Arabia’s Aljazira Capital alongside investments from Abu… Read More

July 4, 2022 @ 3:49 pm By Omar Faridi  |  

Brazil’s C6 Bank clients can now make 100% free Pix Saque and Pix Troco transactions across the country. The new functionality “allows operations like these to be carried out in commercial establishments and lottery houses, not just at ATMs, making life easier for users.” Maxnaun… Read More

July 3, 2022 @ 9:07 pm By Omar Faridi  |  

Virtual banking tech provider Amount is the latest Fintech firm to trim down its workforce, reducing its employee headcount by around 18%, according to a recent report from TechCrunch. Amount offers retail banking and point-of-sale tech to customers such as Banco Popular, HSBC, Regions Bank… Read More

June 29, 2022 @ 8:13 am By JD Alois  |  

Salt Edge and Five Degrees have partnered on digital banking. Salt Edge is an open banking solution provider that is currently integrated with thousands of financial institutions operating in over 50 countries. Five Degree is a digital banking platform that offers a core banking platform… Read More