Tagged: digital banking

August 28, 2020 @ 10:33 am By Samantha Hurst  |  

CaixaBank, a retail banking group based in Spain, announced on Thursday now has more than two million customers who sign online, web, and mobile banking transactions on their smartphone, using the CaixaBank Sign application. CaixaBank reported that the figure has doubled compared to October 2019,… Read More

August 27, 2020 @ 9:58 pm By Omar Faridi  |  

Malaysia’s Razer Fintech, the Fintech division of Razer (a multinational financial service provider), has revealed that it plans to launch a digital banking platform in overseas markets. Razer, which is also (mainly) a gaming company, has applied for a virtual banking permit in Malaysia but… Read More

August 27, 2020 @ 7:21 am By Omar Faridi  |  

Germany-based digital bank N26, which offers a mobile banking platform, is celebrating its one year anniversary in the US with almost 500,000 customers. As mentioned in a release shared with Crowdfund Insider: “Since announcing its public US launch in partnership with Axos Bank in August… Read More

August 24, 2020 @ 1:49 pm By Omar Faridi  |  

The National Bank of Egypt (NBE), the country’s largest banking institution in terms of total assets, number of branches and employees, has introduced several services via its Al Ahly Net and NBE mobile app, in order to support its digital banking strategy. Hisham Okasha, chairman… Read More

August 24, 2020 @ 7:51 am By Omar Faridi  |  

Countries throughout the world are struggling to cope with the COVID-19 outbreak and resulting socio-economic challenges. Although many places have been trying to re-open for business and lockdowns are being eased, globally, there might be a second wave of the Coronavirus that could lead to… Read More

August 23, 2020 @ 10:59 pm By Samantha Hurst  |  

JPMorgan Chase, the largest bank in the US and sixth-largest in the world in terms of assets, is planning to launch a UK challenger bank in the first quarter of 2021, Sky News recently reported. The media outlet revealed that the launch is considered a… Read More

August 23, 2020 @ 7:32 pm By Omar Faridi  |  

Hong Kong’s future economy is set to be supported by the latest Fintech platforms and services, as the city-state will be home to at least eight virtual banks. Hong Kong serves as the primary gateway for (mainland) Chinese businesses to expand their operations, globally. It… Read More

August 22, 2020 @ 2:21 pm By Omar Faridi  |  

Australia based Parpera, a Fintech firm that’s focused on developing a digital ​banking solution for business owners and freelance or gig economy workers, has opened shares for trading with Equitise, an equity crowdfunding platform. Established by former EY management consultant Daniel Cannizzaro, Parpera shares are… Read More

August 21, 2020 @ 4:54 pm By Omar Faridi  |  

Salman Ali, the chief operating officer at Virtual Remittance Gateway, notes that Pakistan has a population of more than 218 million (one of the highest in the world). He points out that 60% of the nation’s population are adults, however, only 23% of residents have… Read More

August 21, 2020 @ 7:14 am By Samantha Hurst  |  

UK banking group NatWest announced on Thursday it is launching “Banking My Way” service, which will allow customers to request how they want to be served. NatWest reported that through the services, customers may make specific requests which could include requesting a quiet space when… Read More

August 19, 2020 @ 11:44 pm By Omar Faridi  |  

Pakistan needs to work on its economic development strategy. The country has a population of over 210 million, but its GDP hasn’t grown nearly as fast. The country’s GDP is around $300 billion and the average income is about $1,500 per year which is significantly… Read More

August 18, 2020 @ 3:13 pm By Samantha Hurst  |  

Moov Financial, a U.S.-based open-source embedded banking platform, announced on Tuesday it raised $5.5 million through its Seed funding round, which was led by Bain Capital Venture with participation from Canapi Ventures, Commerce Ventures, Gradient Ventures, RRE Ventures, Uncorrelated Ventures, and 27 influential angel investors… Read More

August 17, 2020 @ 7:26 am By Omar Faridi  |  

Standard Chartered Plc, a British multinational banking and financial services company with over $700 billion in total assets, is reportedly getting ready to introduce its second all-digital bank in Asian markets. Standard Chartered will be partnering up with a division of Singapore’s largest labor union,… Read More

August 15, 2020 @ 12:43 pm By Omar Faridi  |  

Greek payments firm Viva Wallet is reportedly planning to secure €500 million in capital to support its virtual banking business, according to Reuters which cited two sources familiar with the matter. As reported, Viva Wallet officially acquired the banking license of Praxia Bank after the… Read More

August 13, 2020 @ 3:05 pm By Samantha Hurst  |  

WorldRemit announced on Thursday it has formed partnerships with Mexico-based neobanks albo and Klar. According to Jorge Godinez, Head of LATAM at WorldRemit, the UK based Fintech is considered the first money transfer company to enable transfers to albo and Klar. While speaking about the collaboration… Read More

August 11, 2020 @ 8:12 am By Samantha Hurst  |  

UK-based banking group and lender Metro Bank announced on Monday it has launched AI-powered receipt management technology for business customers through its mobile app. According to Metro, the technology enables businesses to capture, store and link their receipts to transactions in their mobile business app…. Read More

August 11, 2020 @ 7:55 am By Samantha Hurst  |  

Standard Chartered Bank announced on Monday it has formed a three-year strategic partnership with Microsoft to accelerate its plans to become a cloud-first bank. Standard Chartered reported that the partnership makes a significant milestone for its virtual banking, next-generation payments, open banking, and banking-as-a-service efforts…. Read More

August 9, 2020 @ 12:00 pm By Omar Faridi  |  

Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, is reportedly open to exploring potential investment deals from Qatar. According to a BSP representative, these deals will focus on digital banking and Fintech projects. Arifa A Ala, the MD at BSP, noted that… Read More

August 8, 2020 @ 6:44 pm By Omar Faridi  |  

Even though interest rates offered by challenger banks or neobanks in Australia (and globally) are generally higher than those offered by incumbents, Mozo reports that these all-digital banking platforms have been lowering their rates. Analysis performed by Mozo reveals that three neobanks were forced to… Read More

August 8, 2020 @ 10:17 am By Omar Faridi  |  

Customers Bank, which offers personal and business banking solutions, including checking, money markets, savings, mortgages, loans, and cash management, has reportedly agreed to sell its BankMobile Technologies division to Megalith Financial Acquisition Corporation (NYSE:MFAC). BankMobile Technologies is an established US-based digital banking platform. Meanwhile, MFAC… Read More