Tagged: digital banking

September 27, 2021 @ 7:49 am By Omar Faridi  |  

UK-based digital bank Monzo notes that clients have been able to pay Direct Debits and “standing orders” from a Pot for a while, and now customers may complete card payments as well  – including via Apple Pay and Google Pay. As explained in a blog… Read More

September 26, 2021 @ 8:48 pm By Omar Faridi  |  

Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, awarded the sixth virtual banking permit to Voyager Innovations via its Fintech division PayMaya Philippines. PayMaya had acquired $167 million in capital from Philippines-based telecom firms PLDT, international investment company KKR, Chinese technology company… Read More

September 26, 2021 @ 2:46 pm By Omar Faridi  |  

The Board of Mox Bank Limited has confirmed the appointment of Barbaros Uygun as the  Chief Executive Officer of Mox and Executive Director of the Board “with effect from 27 September 2021.” After establishing a solid foundation for Mox over the past 3 years, Deniz… Read More

September 24, 2021 @ 10:22 am By JD Alois  |  

KeyBank, a large regional bank based in Cleveland, Ohio, has added checking to its digital banking venture Laurel Road. Laurel Road was initially launched targeting healthcare providers – a top industry in the Cleveland market as it is home to the Cleveland Clinic and University… Read More

September 23, 2021 @ 11:29 am By Omar Faridi  |  

Payfare Inc. (TSX: PAY), an established Fintech firm that’s powering instant payout and virtual  banking solutions for gig economy workers, is working with Visa (NYSE: V) in order to add Visa SavingsEdge to its platform, “starting with the nationwide DoorDash DasherDirect card program.” As mentioned… Read More

September 21, 2021 @ 6:27 pm By JD Alois  |  

As was previously reported, JP Morgan (NYSE:JPM) launched its digital bank in the UK today. Chase, the largest consumer bank in the US, is now available in digital form for UK consumers. According to a company statement, users may go to chase.co.uk, and register and… Read More

September 20, 2021 @ 2:22 pm By Omar Faridi  |  

UK-based digital bank Monzo says that it already makes it easy for clients to manage their spending and ensures that they have funds set aside for settling bills and adding to their savings. Monzo, which is under investigation for possible money laundering activity and posted… Read More

September 20, 2021 @ 11:46 am By Omar Faridi  |  

UK-based digital bank Starling has shared important information about pensions. In order to mark National Pension Awareness Week in the United Kingdom, Starling teamed up with their partners in the Starling Marketplace, PensionBee and Penfold, to help consumers gain a better understanding of pensions. As… Read More

September 19, 2021 @ 10:12 pm By Omar Faridi  |  

As new lending starts to overtake the repayment boom seen during the COVID-19 crisis, research from digital bank Zopa reveals that more than 40% of UK-based consumers would make use of Open Banking to “apply for credit if it improved their chances of getting an… Read More

September 17, 2021 @ 10:57 am By Omar Faridi  |  

MX and Mahalo Technologies have announced a new partnership. Through their partnership, the companies will aim to provide financial data solutions, insights and actionable tools to credit unions. They will also focus on supporting members to become financially independent. MX, which is the financial data… Read More

September 16, 2021 @ 7:24 am By Omar Faridi  |  

The team at digital bank Starling asks whether you’ve every agreed to plans for something you “really didn’t want to do.” The UK-based banking challenger also asks whether you’ve “walked down the high street and been unable not buy something from that fast-talking street vendor.”… Read More

September 14, 2021 @ 4:22 pm By Tony Zerucha  |  

Banking software company Temenos this week announced the availability of Temenos Transact next-generation core banking with Red Hat OpenShift on IBM Cloud, to accelerate hybrid cloud adoption within the financial services industry.  Temenos Transact helps banks adopt a cloud strategy for their core banking systems… Read More

September 14, 2021 @ 3:38 pm By Tony Zerucha  |  

Digital asset banking platform SEBA Bank this week announced a number of additions to its management team. Mathias Schuetz, current regional head of Avaloq Switzerland and CEO of Avaloq Sourcing (Switzerland and Liechtenstein) AG, has been appointed head of Client and Technology Solutions and member… Read More

September 12, 2021 @ 7:27 pm By Omar Faridi  |  

UK-based digital banking platform Monzo, which is under investigation for possible money laundering activity and posted £130m in losses, is reportedly planning to enter the fast-evolving Buy Now, Pay Later (BNPL) sector. As first reported by the Evening Standard, two different sources noted that the virtual… Read More

September 12, 2021 @ 11:37 am By Omar Faridi  |  

Women Returners and Innovate Finance have teamed up to establish a cross-company returner program, which aims to encourage professionals to try re-entering the Fintech industry after long-term or extended career breaks. UK’s digital bank Starling, Fintech Unicorn Klarna and PrimaryBid will reportedly take part in… Read More

September 10, 2021 @ 3:24 pm By Tony Zerucha  |  

Digital banking and payments firm Wiseasy Group this week announced a collaborative partnership with UnionPay International (UPI) to accelerate digital banking and QR payments in Ghana and Nigeria. The two companies worked together to develop a unified mobile payment standard and coordinate the management of… Read More

September 10, 2021 @ 10:59 am By Omar Faridi  |  

For the first time, an international private banking platform has followed the example of St. Galler Kantonalbank and selected the Digital Hub from CREALOGIX in order to support its  digitalization strategy. The rise of innovative Fintech businesses and new types of client support and outreach… Read More

September 9, 2021 @ 7:39 am By Omar Faridi  |  

Apiture, a provider of virtual banking services, reveals that it has completed Live Oak Bank’s retail bank migration to Apiture Open. After the deployment of Live Oak Bank‘s business banking experience using Apiture Open last year, the banking institution had further expanded the relationship to… Read More

September 7, 2021 @ 10:45 pm By Omar Faridi  |  

ICICI Bank, a privately-owned Indian development finance institution with its registered office in Vadodara, Gujarat, and corporate office in Mumbai, Maharashtra, reveals that it has enabled its savings account clients to pay and manage credit cards bills at any bank by using the Bank’s mobile… Read More

September 7, 2021 @ 8:34 am By Omar Faridi  |  

Standard Chartered (LON: STAN) is partnering with Singapore-based National Trades Union Congress (NTUC) in order to establish an all-digital banking platform. Standard Chartered subsidiary SCBSL will reportedly be providing SGD 144 million for 60% of the joint initiative, with NTCU-controlled BetaPlus retaining the other 40%… Read More