Tagged: digital banking

May 25, 2021 @ 2:09 pm By Omar Faridi  |  

Open Banking is about giving users better control over their banking information. Instead of your bank hoarding the details regarding your transactions and account, users are able to decide how and when they want to share these details with other financial services providers and other… Read More

May 25, 2021 @ 12:19 pm By Samantha Hurst  |  

    Agora Services, a digital platform banking solutions provider, announced on Tuesday it has partnered with i2c Inc., a global provider of digital payment and open banking technology, to provide modern digital-first issuing and processing. Agora reported that the partnership adds to its ability to… Read More

May 25, 2021 @ 11:25 am By Samantha Hurst  |  

    NorthOne, a Canada-based mobile banking platform for small businesses, freelancers, and startups, announced on Tuesday it has partnered with The Bancorp Bank, Member FDIC, to provide banking services to NorthOne’s customer base, and Galileo Technologies to deliver more processing services to new and… Read More

May 25, 2021 @ 1:39 am By Omar Faridi  |  

NatWest, a major retail and commercial bank in the UK, will reportedly be letting clients set up their own daily digital bank transfer limits – which should help reduce the potential damage done by authorized payment push (APP) scams. NatWest, Royal Bank of Scotland and… Read More

May 24, 2021 @ 1:27 am By Omar Faridi  |  

ZA Bank and Mox are reportedly leading Hong Kong’s digital bank market,  accounting for around 70% of all virtual banking customer deposits (as of the end of last year). This, according to a report from Reuters that referenced annual reports from banks in the city…. Read More

May 23, 2021 @ 10:28 pm By Samantha Hurst  |  

Zvilo, a UK-based challenger banking startup has successfully raised more than £425,000 through its equity crowdfunding campaign on Seedrs. The investment round, which orignally sought to raise £200,000, has already attracted over 260 Seedrs investors. As previously reported, Zvilo stated it is a new digital platform that seeks… Read More

May 21, 2021 @ 8:18 am By Samantha Hurst  |  

  UK-based digital banking group Starling Bank announced this week it secured a £50 million investment from Goldman Sachs Growth Equity. According to Starling Bank, the investment is an extension of the oversubscribed £272 million Series D funding round announced in March 2021, which valued it in… Read More

May 21, 2021 @ 7:56 am By Omar Faridi  |  

Revolut Business revealed on Friday (May 21, 2021) that it’s introducing currency forward contracts (FX Forwards) in the United Kingdom. Revolut Business’ FX Forwards will allow firms of any size – from large corporates to single-person businesses – to set future exchange rates via an… Read More

May 19, 2021 @ 7:47 am By Omar Faridi  |  

Swiss banking software firm Temenos has revealed that cross-border payments Fintech Wise (previously doing business as TransferWise) has now gone live on Temenos Marketplace. The Temenos Marketplace  reportedly includes more than 50 curated Fintech services, helping  Temenos’ customers to innovate and differentiate their product lines…. Read More

May 17, 2021 @ 2:29 am By Omar Faridi  |  

The Land Bank of the Philippines has introduced its digital onboarding platform for its clients so they can easily open up a savings account without being required to visit a physical bank location. The State-managed banking institution unveiled its digital onboarding system, called DOBS Mobile,… Read More

May 16, 2021 @ 3:04 pm By Omar Faridi  |  

Digital bank Monzo has introduced new and improved invoices on Business Pro. The team at Monzo notes that they’ve made in-app invoicing “better” in order to give users more time “for what really matters (like running your business, being with family, or queuing for an… Read More

May 16, 2021 @ 2:38 pm By Omar Faridi  |  

Digital bank Revolut says your account has had “a spring clean.” Revolut Business has a “new look” and a more “personalized” experience. The Revolut team writes in a blog post: “We’ve updated our Revolut Business web app and the new, simpler navigation makes it easier… Read More

May 16, 2021 @ 2:25 pm By Omar Faridi  |  

UK-based digital bank Starling notes that their overdraft can serve as a short-term “safety net” for eligible or qualified personal customers. The Starling Bank team writes in a blog post that if you don’t have enough funds in your account to cover essential payments or… Read More

May 14, 2021 @ 10:41 am By JD Alois  |  

N26, a leading digital bank based in Germany, has garnered additional scrutiny by federal regulators for apparent shortcomings went it comes to anti-money laundering (AML) compliance. Earlier this week it was announced that N26 has been assigned a “special monitor” by the German financial services… Read More

May 13, 2021 @ 10:09 pm By Samantha Hurst  |  

  MovoCash, a U.S. fintech, announced on Thursday the launch of its on-demand mobile banking app, which was created through the company’s partnership with Mastercard and Coastal Community Bank. Founded in 2014, Modo describes itself as a next-generation digital bank with “powerful, secure, and fast… Read More

May 13, 2021 @ 3:19 pm By Samantha Hurst  |  

Relay, a Canada-based digital banking platform for small businesses, announced on Thursday it raised US$19.4 million in funding, which includes US$15 million through its Series A funding round that was led by Bain Capital Ventures and seed round of $4.4 million led by Better Tomorrow… Read More

May 12, 2021 @ 10:17 pm By Omar Faridi  |  

livi bank, which is notably one of Hong Kong’s eight digital banks, is now offering a Buy Now, Pay Later (BNPL) service with the introduction of livi PayLater that provides an instant installment option along with a virtual Mastercard debit card. The livi PayLater BNPL… Read More

May 12, 2021 @ 9:47 pm By Omar Faridi  |  

ACI Worldwide (NASDAQ: ACIW), a multinational provider of real-time virtual payment solutions, reveals that it has expanded its working relationship with KNET, which is Kuwait’s national digital banking firm. Through the expanded partnership, ACI Worldwide and KNET will introduce several innovative virtual payment services in… Read More

May 11, 2021 @ 10:32 pm By Omar Faridi  |  

Mobiquity, a digital transformation enabler, has teamed up with Kuwait International Bank (KIB), in order to support the institution’s goal of becoming a leading all-digital Islamic or Shariah-compliant financial service provider. Through the partnership, KIB will be working with Mobiquity’s team of experienced professionals –… Read More

May 11, 2021 @ 12:04 pm By Samantha Hurst  |  

  Lili, a U.S.-based mobile banking app specifically for freelancers, announced on Tuesday it secured $55 million through its Series B investment, which was led by Group 11 with participation from Target Global and AltaIR. The investment round brings Lili’s total funding to $80 million. … Read More