Tagged: digital banking

October 27, 2020 @ 8:16 am By Omar Faridi  |  

Tata Consultancy Services (TCS), an Indian multinational IT services and consulting firm based in Mumbai, has reportedly partnered with Australian neobank Volt. Both companies will work together to power Volt 2.0, which is the digital bank’s new Banking as a Service (BaaS) platform. Volt 2.0… Read More

October 26, 2020 @ 5:13 pm By Samantha Hurst  |  

Following the launch of its new premium accounts, UK digital banking group Monzo shared more details about its fist metal card, which is a feature of the accounts. As previously reported, the metal card is described as a single 16g sheet of steel, complete with… Read More

October 26, 2020 @ 2:45 pm By Samantha Hurst  |  

FCA authorized e-Money Institution Ziglu is set to close its equity crowdfunding campaign on Seedrs with more than £2.9 million raised. The funding round was launched last month and quickly secured its initial £1 million funding target. The campaign also attracted over 1100 Seedrs investors…. Read More

October 23, 2020 @ 7:33 pm By Omar Faridi  |  

Vietnam Maritime Commercial Joint Stock Bank (MSB) aims to offer a truly digital onboarding experience to all its clients. MSB plans to offer seamless online banking services so that customers don’t have to visit a physical branch location to manage their finances. MSB is also… Read More

October 21, 2020 @ 8:07 am By Omar Faridi  |  

Paulo Guedes, the Minister of Economy in Brazil, recently noted that the country is planning to join the Organization for Economic Cooperation and Development (OECD), which is an intergovernmental economic organization with over 30 member countries. The OECD aims to promote economic growth and also… Read More

October 20, 2020 @ 9:08 am By Samantha Hurst  |  

UK based digital bank Monzo announced on Tuesday the launch of its Monzo Premium account. The new account will feature Monzo’s first metal card, which is made from a single 16g sheet of steel, complete with a “precision-engraved” logo and a white finish.” The account… Read More

October 19, 2020 @ 8:22 am By Samantha Hurst  |  

  Pan-European digital banking provider Monese announced on Monday it has formed a new European strategic partnership with financial giant Mastercard. Monese reported that through the collaboration, it will become a principal Mastercard issuer. While sharing more details about the partnership, Norris Koppel, Founder and… Read More

October 18, 2020 @ 8:36 pm By Omar Faridi  |  

The Philippine National Bank (PNB), one of the largest financial institutions in the country, is reportedly considering the possibility of launching a digital bank as one of its subsidiaries. Jose Arnulfo “Wick” Veloso, president and CEO at PNB, stated: “We’re discussing internally with the principals…. Read More

October 17, 2020 @ 12:25 pm By Omar Faridi  |  

The global digital banking platform market size is expected to reach $10.87 billion by 2027, which means that it’s expanding at about a 13.6% CAGR (compounded annual growth rate), according to estimates from Allied Market Research (AMR). A release that summarizes that findings of the… Read More

October 16, 2020 @ 3:39 pm By Samantha Hurst  |  

Digital banking group Varo Bank announced on Friday the launch of Varo Advice, which is a new product that instantly advances up to $100 to qualifying customers. “Designed to help customers proactively manage their finances, Varo Advance offers instant access to up to $100 cash right in… Read More

October 15, 2020 @ 10:39 pm By Samantha Hurst  |  

Greenwood, a U.S. digital banking platform, announced on Thursday it saw 100,000 sign-ups during the first week of its launch. Founded earlier this year, Greenwood describes itself as a mobile banking platform for Black and Latinx people and business owners. The startup claims to feature… Read More

October 14, 2020 @ 8:22 pm By Omar Faridi  |  

The global digital banking market demand is expected to reach $12 trillion by 2026, according to a new report. The digital banking market from corporate banking is now on track to expand at an 8% CAGR from 2020 to 2026. This growth may be attributed… Read More

October 14, 2020 @ 7:57 am By JD Alois  |  

Goldman Sachs (NYSE:GS) blew the doors of its earnings report this morning as it announced net revenues of $10.78 billion and a record quarterly diluted earnings per share (EPS) of $9.68 and annualized ROE of 17.5%, the highest quarterly ROE since 2010. Wall Street had… Read More

October 14, 2020 @ 7:38 am By Omar Faridi  |  

A recent Fintech study reveals that digital banking apps are now beginning to lag behind online trading apps (in Germany) which grew by 140%. Despite the COVID-19 outbreak, German consumers have not been using mobile banking apps as much as expected, according to a study… Read More

October 13, 2020 @ 9:40 am By JD Alois  |  

Digital bank Starling Bank is now offering PayStream, an online accounting platform, as an integrated option. The service has been part of Starling’s Marketplace since February. In a blog post, Starling says it has now developed a new integration with PayStream, focused on bookkeeping that… Read More

October 13, 2020 @ 8:12 am By Samantha Hurst  |  

UK digital banking group Tandem announced on Tuesday it has appointed Barclays vet and former CEO of Allium, Paul Noble, has been appointed its new Chief Commercial Officer. This news comes less than two months after Tandem acquired Allium.  As previously reported,  Allium notably has… Read More

October 12, 2020 @ 10:13 pm By Omar Faridi  |  

Neobanks have been finding it quite challenging to maintain their competitive deposit rates. During the past few weeks, three Australian neobanks have reduced their rates and two of them have placed limits on the balances on which they’ll pay higher interest. Australia based digital bank… Read More

October 12, 2020 @ 3:04 pm By Samantha Hurst  |  

Temenos (SIX: TEMN), a banking software company, announced on Monday its Temenos Transact has been selected by FlowBank, a Swiss fintech startup, to power its new digital bank. Temenos reported that Temenos Transact core banking technology will enable FlowBank to launch and offer a new… Read More

October 10, 2020 @ 10:58 pm By Omar Faridi  |  

VEON Ltd. (NASDAQ: VEON) (Euronext Amsterdam: VEON), an established multinational provider of connectivity and various digital services, has revealed that Mobilink Microfinance Bank Ltd (MMBL), which is part of Pakistan’s mobile operator Jazz, has been awarded “the Best MicroFinance Bank (Digital) of the Year Award”… Read More

October 10, 2020 @ 12:46 pm By Omar Faridi  |  

Bryan Carroll, CEO at TNEX, which claims to be Vietnam’s first all-digital bank to offer “free everyday banking for life,” has confirmed that TNEX is now ready to officially launch its services. Carroll revealed that the TNEX platform is now in its final testing phase…. Read More