Tagged: digital banking

December 10, 2021 @ 7:46 pm By Omar Faridi  |  

ZSuite Technologies, a financial tech firm that powers community financial institutions with digital escrow products for various commercial verticals, has announced its API integration with Q2’s Digital Banking Platform, “leveraging the Q2 Innovation Studio.” Via the integration, Q2 customers will be able to “take advantage… Read More

December 6, 2021 @ 3:59 pm By Omar Faridi  |  

In the Caribbean, a new neobanking platform has been introduced. It aims to offer all the features provided by digital banking platforms along with support for crypto-assets. As mentioned in an announcement, neobank Migom offers banking services to SMEs operating in emerging markets. Migom Bank‘s… Read More

December 5, 2021 @ 2:30 pm By Omar Faridi  |  

Mobile banking app N26 recently confirmed that they’re getting ready to close down all US accounts in January 2022. As noted in a blog post by UK-based Fintech Monzo, this decision has “left many customers looking for a replacement that offers easy mobile banking, low… Read More

December 2, 2021 @ 9:37 pm By Omar Faridi  |  

Digital banking provider Bankjoy has announced the launch of its business banking platform, empowering its customers with the best tools to “help attract and drive loyalty among small businesses within their communities.” Recently surpassing 1 million members with access to its platform, Bankjoy’s virtual banking… Read More

December 1, 2021 @ 11:16 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) is out with a note that hammers traditional banks and their reliance on overdraft fees. Frequently the target of neobanks and other Fintechs, the overdraft fee has been criticized as the $30 cup of coffee when someone inadvertently makes… Read More

November 30, 2021 @ 7:41 pm By Omar Faridi  |  

Westpac is bringing its enhanced mobile app to Android clients, as the COVID-19 outbreak continues to accelerate the adoption and usage of virtual banking services. The app from Westpac makes it quicker, convenient, and a lot more secure for clients to effectively manage their funds,… Read More

November 30, 2021 @ 9:57 am By Omar Faridi  |  

Credit Suisse (SWX: CSGN) has revealed that the use of its all-digital platform has increased significantly since its launch in October of last year. Although not only about private banking, the numbers shared by Credit Suisse indicate a key trend now that’s taking hold in… Read More

November 29, 2021 @ 9:21 pm By Omar Faridi  |  

Indian payments Fintech and neobank Razorpay notes that applying for a line of credit via traditional banks and lenders “can be disappointing with unrealistic approval requirements.” Razorpay Cash Advance has been specifically designed to “make it easier for Razorpay users to get quick access to… Read More

November 28, 2021 @ 9:58 pm By Omar Faridi  |  

Russia’s digital banking platform, Tinkoff, has reportedly acquired a controlling stake (51%) in Just Look, the business entity behind Jump.Finance, a Fintech firm that automates interactions with freelancers, including making payments. The transaction was carried out on behalf of Tinkoff Business, the division of the… Read More

November 28, 2021 @ 2:43 pm By Omar Faridi  |  

UK-based digital bank Starling reveals that two-fifths of small businesses (43%) report that their performance is back to pre-COVID levels, with almost a third (30%) “stating they are performing better than they were in February 2020.” The research from Enterprise Nation and Starling Bank reveals… Read More

November 26, 2021 @ 2:03 pm By Omar Faridi  |  

One of Asia’s most established supply chain finance tech solution providers, Linklogis, has announced that it has launched a branch office in Singapore. The new office aims to support Linklogis’ plans to open a virtual bank in Singapore in early 2022, by using the digital… Read More

November 26, 2021 @ 11:11 am By Omar Faridi  |  

The National Bank of Kuwait has introduced Weyay, which is reportedly the Middle Eastern country’s first completely digital bank (will focus on serving younger clients). At present, the Fintech and virtual banking app is in beta testing and has been introduced at the pre-registration stage…. Read More

November 26, 2021 @ 10:18 am By Omar Faridi  |  

UK-based digital bank Monzo notes that since bringing clients a better way to pay later with their new product, Monzo Flex, they have seen significant demand from customers asking to be among the first to use it. Monzo is now inviting people who’ve asked for… Read More

November 26, 2021 @ 10:09 am By Omar Faridi  |  

Revolut has announced the acquisition of “highly rated” ePOS software provider Nobly POS in order to expand its product offering to serve the restaurant and hospitality sectors. Established in 2013, Nobly has created an extensive ePOS system for the restaurant and hospitality industry enabling hospitality… Read More

November 24, 2021 @ 11:04 pm By Omar Faridi  |  

Saigon Commercial Bank (SCB) has announced that it has selected BPC as its solution partner in Vietnam, which should accelerate digital transformation in the nation’s fast-growing banking sector. Using BPC’s SmartVista Platform for switching and Card Management system, SCB can offer hyper-personalized services for clients… Read More

November 24, 2021 @ 7:23 pm By Omar Faridi  |  

DoorDash (NYSE: DASH) and Payfare (TSX: PAY) have announced instant access to earnings for DoorDash delivery drivers across the US through DasherDirect. As mentioned in the announcement, DasherDirect is a financial platform and virtual banking solution for Dashers that is being powered by Payfare. Via… Read More

November 24, 2021 @ 12:01 pm By Omar Faridi  |  

Brazil-based virtual banking Fintech Nubank has partnered with several different retailers in order to add a digital commerce section to its app. At the time of launch, Nubank‘s clients in Brazil can start shopping at retailers like AliExpress, Dafiti and Magalu via the app, with… Read More

November 22, 2021 @ 11:37 pm By Omar Faridi  |  

The Mobile Banking Benchmark 2021 survey reveals that Hong Kong-based digital banks Mox and Livi stood out as the leading local platforms, though there’s overall a gap between Asian and European service providers. The survey has been carried out by management consulting company Sia Partners… Read More

November 16, 2021 @ 8:26 am By Omar Faridi  |  

UK-based digital banking platform, Starling Bank has reportedly acquired a mortgage book valued at about £1 billion as the Fintech tries to challenge the United Kingdom’s established banks. Starling Bank has reportedly obtained the home loans portfolio from Kensington Mortgages, which offers financing for clients… Read More

November 15, 2021 @ 9:31 am By Omar Faridi  |  

UK-based digital bank Starling recently confirmed that it has committed to “a one third reduction target in its carbon emissions by 2030 and to offset carbon emissions from its own operations and supply chain annually from 2021.” As noted by Starling Bank in a release:… Read More