Tagged: digital banking

April 2, 2021 @ 10:13 pm By Samantha Hurst  |  

Laurel Road, a brand of KeyBank, announced earlier this week the launch of Laurel Road for Doctors, a digital bank specifically for physicians and dentists. According to Laurel, the goal of the new digital bank is to help ease the burden for doctors of paying… Read More

March 31, 2021 @ 12:57 am By Omar Faridi  |  

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, is reportedly looking into adopting a virtual banking framework so that it may be leveraged to enable greater financial inclusion. The new digital banking guidelines are being developed to support a regulatory environment… Read More

March 30, 2021 @ 12:08 pm By Samantha Hurst  |  

    Digital-only bank platform N26 announced on Tuesday it has launched its CASH26 app feature in Greece. According to N26, CASH26 allows users to deposit and withdraw cash from their N26 accounts at partner stores throughout Europe through their mobile devices. “The app will display… Read More

March 30, 2021 @ 8:10 am By Samantha Hurst  |  

  Pan-African fintech MFS Africa announced on Monday it now reaches more than 320 million mobile money wallets and notably enables a range of banks, telcos, money transfer operators, and other financial institutions in Africa through a single integration point.  Founded in 2010, MFS Africa describes itself… Read More

March 28, 2021 @ 8:25 pm By Omar Faridi  |  

The State Bank of Pakistan (SBP), the nation’s central bank, announced on Friday (March 26, 2021) that it has started working on a separate set of guidelines for virtual banks which will focus on “regional regulatory trends,” according to a report from local sources. As… Read More

March 27, 2021 @ 3:32 pm By Omar Faridi  |  

  Quinlan & Associates have published a report, titled Branching Off: The Outlook for Hong Kong’s Virtual Banks. The report, which has been authored by company CEO and Managing Partner Benjamin Quinlan and Consultant Eashan Trehan, notes that it’s been a year now since the… Read More

March 26, 2021 @ 1:24 pm By Samantha Hurst  |  

  XTM, a Canada-based fintech that provides mobile banking and payment card solutions, announced on Friday it has formed a new partnership with CurrencyWorks, a publicly-traded company that builds and operates FinTech Platforms for Digital Currencies, Digital Assets, and Security Tokens. Through the partnership, XTM… Read More

March 26, 2021 @ 8:28 am By Omar Faridi  |  

Digital banking challenger Revolut confirms that Revolut Business is now live in the United States. Elizabeth McGrath from Revolut writes in a blog post that Revolut Business is available in all 50 US states, as of March 25, 2021. McGrath explains that Revolut Business “gives… Read More

March 26, 2021 @ 8:18 am By Samantha Hurst  |  

Payfare, a global fintech that specializes in digital banking and instant payout solutions, announced on Thursday it has welcomed new directors to its board. The new board members are the following: Kelly Graziadei: Brings 20 years of leadership experience in tech companies including AltaVista, Yahoo and… Read More

March 25, 2021 @ 1:21 pm By Omar Faridi  |  

The team at Blend, which provides digital lending technology, has shared some important features which can help provide “the best online banking experience.” As noted in a blog post by Blend, online banking clients are increasingly expecting interactions to be a lot simpler, faster, and… Read More

March 25, 2021 @ 7:51 am By Samantha Hurst  |  

  Greenwood, a U.S. fintech that has created a digital banking platform specifically for Black and Latino individuals and business owners, announced on Thursday it secured $40 million through its Series A funding round, which was led by Truist Ventures. Founded in 2020, Greenwood states… Read More

March 24, 2021 @ 10:27 am By Samantha Hurst  |  

  NumberX, an Austria-based fintech, recently announced its plans to launch if app-based payment card, which is powered by open banking. Mastercard is notably the company’s strategic partner for the card. Founded in 2020, NumberX’s focus is on maximum freedom and flexibility, the greatest possible acceptance, and… Read More

March 24, 2021 @ 8:13 am By Samantha Hurst  |  

Digital banking group Varo Bank announced on Wednesday it has launched a new Varo Perks Program to help customers “stretch their money.” According to Varo, the program combines a brand new cashback program designed to put money back in the hands of its customers along with the… Read More

March 23, 2021 @ 11:47 pm By Omar Faridi  |  

ZA Bank, which is one of Hong Kong’s eight digital banks, has confirmed that it has now acquired around 300,000 users. This milestone has been reached right before its first year anniversary. ZA Bank was notably the first to carry out a soft launch of… Read More

March 23, 2021 @ 8:41 pm By Omar Faridi  |  

Digital banking challenger Current confirmed on March 12, 2021, that it began receiving and crediting stimulus payments “as of 11 am. ET on March 12.” The digital bank stated that it would  be crediting “all member accounts immediately, making all funds fully available as we… Read More

March 23, 2021 @ 12:26 pm By Samantha Hurst  |  

  Digital-only bank platform N26 announced on Tuesday it has appointed Gilles BianRosa as its new Chief Product Officer. N26 reported that in his upcoming role, BianRosa will lead all product teams based across the company’s main offices and technology hubs in Berlin, Barcelona, Vienna, and New York. N26 also… Read More

March 23, 2021 @ 12:27 am By Omar Faridi  |  

Islamic or Sharia-compliant Fintech services are being increasingly adopted in Saudi Arabia, the United Arab Emirates (UAE) and internationally as well, according to a report from Arabian Business. As reported by the news outlet, the largest transaction volumes have come from Saudi Arabia, the UAE,… Read More

March 22, 2021 @ 10:52 pm By Omar Faridi  |  

Southeast Asia-based all-digital banking challenger Tonik has officially launched the first neobank in the Philippines. Tonik is regulated by the Bangko Sentral ng Pilipinas (BSP), the nation’s central bank. Tonik’s deposits will reportedly be insured by the Philippine Deposit Insurance Corporation (PDIC). The digital banking… Read More

March 21, 2021 @ 8:30 pm By Omar Faridi  |  

UK-based digital banking challenger Starling notes that the end of the tax year is now “fast approaching.” This may be a good time to “make the most” of your tax-free allowances on Individual Savings Accounts (ISAs), the Starling team writes in a blog post. Starling… Read More

March 20, 2021 @ 9:45 am By Omar Faridi  |  

Indian neobank Razorpay points out that it seems like banks have been “around forever.” In India, for example, the history of banking “dates way back to 1750 BC,” the company reveals. It also mentions that we’ve traditionally or historically been dependent on banking institutions for… Read More