Tagged: digital banking

May 3, 2022 @ 10:54 pm By Omar Faridi  |  

Netbank has reportedly entered a partnership with V5 Pay Philippines in order to enable its partner merchants, from micro, small, medium enterprise (SMEs) and large corporations, “with a more seamless and secured payment experience.” The roll-out of these schemes will “allow the V5 Pay platform… Read More

May 2, 2022 @ 6:04 pm By Omar Faridi  |  

C6 Bank clients are now able to use Samsung Pay in order to make purchases “without the physical card.” C6 Bank customers can now “register their C6, C6 Platinum, C6 Carbon and C6 Business cards in Samsung Pay.” Samsung’s service “allows users to make contactless… Read More

May 1, 2022 @ 6:18 pm By Omar Faridi  |  

ICICI Bank (BSE: ICICIBANK, NYSE:IBN) announced that it has introduced India’s “first” comprehensive digital ecosystem for all MSMEs in the country, “including customers of other banks.” The ecosystem “has three pillars: i) enhanced banking services for existing customers, ii) a bouquet of banking services to… Read More

April 29, 2022 @ 8:14 am By Omar Faridi  |  

Varo Bank, N.A., which claims to be the first all-digital, nationally chartered bank in the US, has announced the appointment of Spencer Rascoff, Co-Founder and former CEO of Zillow to Varo’s Board of Directors. Rascoff joins Varo’s Board to continue “to scale Varo, a one-of-a-kind… Read More

April 26, 2022 @ 4:42 pm By JD Alois  |  

Starling Bank, a top digital bank operating in the UK, has raised more money. According to multiple reports, Starling has raised £130 million at a £2.5 billion valuation. It was reported that Starling may use some of the new money to target acquisitions to complement… Read More

April 26, 2022 @ 1:27 am By Omar Faridi  |  

Retail banks are currently “lagging” in their ability to offer “true” omnichannel experiences, as customers pivot to competitors that “offer more personalized experiences.” This, according to the latest World Retail Banking Report 2022 (WRBR) released by Capgemini and Efma. As noted in the update, 75%… Read More

April 25, 2022 @ 10:32 pm By Omar Faridi  |  

WeLab Bank, the virtual bank dedicated to “curating intelligent banking experience,” has reportedly become the “first” digital bank in Hong Kong licensed “to offer digital wealth advisory services.” Having obtained the Type 1 (Dealing in securities) and Type 4 (Advising on securities) licenses from the… Read More

April 25, 2022 @ 12:42 am By Omar Faridi  |  

Every banking platform has an “important” duty to combat financial crime, and N26 claims that it is “no different.” As a fully-regulated bank, this is “not just a responsibility, but a legal requirement for [them] to do so,” the N26 team noted in a blog… Read More

April 24, 2022 @ 4:43 pm By Omar Faridi  |  

Tintra PLC, the Regtech firm building a global, borderless banking infrastructure to democratize payments for emerging markets, recently announced share issue details of the “latest receipt of a $2 million private funding round, valuing the company, in the private market at least, at $100 million,… Read More

April 22, 2022 @ 9:47 am By Omar Faridi  |  

Neobank MyInvestor has reportedly reached €2 billion in volume, which “doubles the 1 billion euros registered in March 2021, consolidating its position as the largest Spanish fintech by volume.” Now serving more than 110,000 customers, MyInvestor also has “an investment balance (funds, plans and portfolios)… Read More

April 18, 2022 @ 8:01 pm By Omar Faridi  |  

Tech sometimes moves at “a dizzying pace.” When it comes to innovation in financial activities, often referred to as Fintech, the world is “seeing major advances,” according to an update from the IMF. For banks, Fintech “disrupts” core financial services and “pushes them to innovate… Read More

April 14, 2022 @ 2:43 pm By Omar Faridi  |  

  Quontic Bank announced that it has introduced the “first-ever” tap-to-pay mobile payment ring to the US market. Quontic is an “innovative,” “digital-first,” and “customer centric” bank on a mission “to redefine how a bank and its customers conduct business.” Steve Schnall, CEO and Founder… Read More

April 12, 2022 @ 9:08 pm By Omar Faridi  |  

Kayamo is teaming up with Netbank, a fully-regulated bank that provides Banking-As-A-Service solutions through open APIs, to improve the way they release loan payouts and collect loan repayments–”overall, to provide a better user experience for their end-customers.” Prior to this partnership, Kayamo needed “to complete… Read More

April 12, 2022 @ 4:09 pm By Omar Faridi  |  

A partnership has been formed between Visa Fintech Partner Connect program members ecolytiq and Snowdrop Solutions. This partnership should enable the climate engagement provider ecolytiq with access to Snowdrop’s precise categorization and location of banking transfers, including retailer logos, ESG (Environmental, Social, Governance) ratings, directions… Read More

April 11, 2022 @ 11:17 pm By Omar Faridi  |  

Discover (NYSE: DFS) recently “revitalized” the consumer checking landscape with the introduction of its “benefits-packed” Cashback Debit account with “user-friendly” features, like early access “to paychecks up to two days in advance1 and a mobile-first banking experience.” Discover builds on its Cashback Bonus® rewards and… Read More

April 11, 2022 @ 10:30 pm By Omar Faridi  |  

Hong Kong – ZA Tech Global Limited, a Singaporean tech venture founded by ZA International and backed by Softbank’s Vision Fund 1, has become “the latest strategic partner to collaborate with Aladin Bank as an investor and a business partner, and is fully committed to… Read More

April 10, 2022 @ 5:29 pm By Omar Faridi  |  

Generali Hong Kong and Hong Kong’s “No.1” virtual bank – ZA Bank recently announced the commencement of their bancassurance partnership. This partnership is “the first of its kind in Hong Kong between a well-established global insurer and a leading virtual bank in the city, with… Read More

April 6, 2022 @ 10:17 am By Omar Faridi  |  

  FintechOS, an international tech provider for banks, insurers, credit unions and other financial services firms, and Salt Edge, a key player in offering open banking and secure customer authentication solutions, have entered a partnership “to provide innovative and secure technology services to joint clients… Read More

March 30, 2022 @ 10:19 am By Omar Faridi  |  

Payfare Inc. (TSX: PAY), a Fintech powering instant payout and digital banking solutions for the gig workforce, recently announced the expansion of its collaboration with Visa (NYSE: V) in the US. After obtaining its Visa Ready for Fintech Enablers certification and expanding its platform with… Read More

March 20, 2022 @ 3:39 pm By Omar Faridi  |  

Egypt’s largest national banking institutions – Banque Misr, National Bank of Egypt, and Banque du Caire – and Global Ventures, an MEA-focused VC firm – announced the launch of Nclude by Global Ventures, “following approval by the Central Bank of Egypt (CBE).” This “unprecedented” step… Read More