Tagged: digital banking

July 23, 2020 @ 9:36 am By JD Alois  |  

Flowe has announced the selection of SIA to provide digital banking services including e-money, payments, current accounts, loans and savings management. Flowe is part of the Mediolanum Group, an Italian e-money institution. SIA is a European hi-tech company in the payment services and infrastructures sector… Read More

July 22, 2020 @ 4:03 pm By Samantha Hurst  |  

  Digital-only bank platform N26 announced earlier this week it has formed a new partnership with global sports brand Adidas to bring its customers perks on their next sportswear purchase. N26 revealed that its customers will receive a one-time perk on all regular items purchased… Read More

July 22, 2020 @ 9:51 am By Omar Faridi  |  

Singapore-based Percipient, a digital banking technology firm, has reportedly secured SGD $7 million (appr. $5 million) in capital from Stat Zero, a California headquartered VC firm. Percipient said that the funds raised will be used to support the upcoming launch of the company’s “digital twin… Read More

July 21, 2020 @ 10:47 am By Samantha Hurst  |  

Xinja Bank, an Australia-based neobank, announced on Tuesday plans to launch a U.S. share platform for Australian investors, Dabble. According to Xinja, Dabble will sit alongside the neobank’s bank account and savings account Stash. It will provide quick and easy access to US shares, many… Read More

July 18, 2020 @ 11:39 am By Omar Faridi  |  

Wolfpack Digital from Transylvania notes that we’re halfway through 2020 and the economic impact of the COVID-19 outbreak has been felt and observed across different businesses and industries. The pandemic has also led to significant changes in consumer behavior, as more people are using digital… Read More

July 17, 2020 @ 11:41 pm By Omar Faridi  |  

OCBC Bank (Oversea-Chinese Banking Corp., Ltd) (SGX: O39), a multinational banking and financial services corporation headquartered in OCBC Centre, Singapore, has revealed that its customers in Singapore will now be able to use their SingPass to access its digital banking platform. The digital banking services… Read More

July 16, 2020 @ 4:02 pm By Samantha Hurst  |  

UK challenger bank Monzo announced on Wednesday the launch of its new account, Monzo Plus. The digital bank reported that the account was created to help users get a “grip” on their finances with features like other bank accounts, credit cards, and credit scores through… Read More

July 14, 2020 @ 10:03 pm By Omar Faridi  |  

NYMBUS, a core banking modernization firm, has teamed up with digital payments company Payrailz in order to enhance its cloud-powered “Smart Ecosystem” of digital-first banking products and services. NYMBUS aims to serve as an effective alternative to the legacy business model. The company plans to… Read More

July 14, 2020 @ 7:13 am By Omar Faridi  |  

Virtual banking service provider Backbase is planning to establish two new offices in order to meet growing demand for its products in Australia, where digital banking platforms are expected to expand rapidly in the coming years. Backbase will be offering greater proximity and expertise in… Read More

July 13, 2020 @ 9:10 pm By Omar Faridi  |  

Australian neobank UBank, a leading digital challenger, has reportedly reduced its home loan rate to its historical low. UBank’s management noted that they’ve made a 0.10% to 0.15% per annum out-of-cycle reduction to the bank’s variable home loan rates. New property owner and occupier home… Read More

July 11, 2020 @ 12:05 pm By Omar Faridi  |  

Monument Bank, a new all-digital bank that’s reportedly backed by City of London veterans, is preparing for launch in the coming months. The digital challenger aims to serve the UK’s “mass affluent.” The digital-only bank is currently in the final stages of acquiring a banking… Read More

July 10, 2020 @ 4:26 pm By Omar Faridi  |  

Tonik, the very first all-digital banking platform in the Philippines, has reportedly chosen Mastercard as its payments partner as the company gets ready to officially launch its operations later this year. Through the partnership, Mastercard will be supporting Tonik by acting as its Fintech accelerator…. Read More

July 9, 2020 @ 9:33 pm By Omar Faridi  |  

Tencent Cloud, the cloud computing division of Tencent Holdings, a major provider of internet value-added services in China, revealed on July 8, 2020, that it has committed to a Memorandum of Understanding (MoU) with Singapore’s Asia Digital Bank Corporation (ADBC). As mentioned in a release,… Read More

July 9, 2020 @ 8:45 pm By Omar Faridi  |  

Australian neobank 86 400 has reportedly moved to its next phase of growth only a year after being awarded a banking license. The digital bank says that it will be focusing on helping its customers with new ways to earn more money from their savings…. Read More

July 8, 2020 @ 8:10 pm By Omar Faridi  |  

The BSP (Bangko Sentral ng Pilipinas), the central bank of the Philippines, is working on a new set of guidelines for digital banks that plan on establishing operations in the country. The BSP confirmed that foreign individuals or business entities will be able to own… Read More

July 8, 2020 @ 10:55 am By Omar Faridi  |  

The global digital banking platform industry reportedly managed to generate $3.95 billion in revenue last year. It’s expected to reach $10.87 billion by 2027, which means it’s projected to expand at a compounded annual growth rate (CAGR) of 13.6% from 2020 to 2027. This, according… Read More

July 7, 2020 @ 11:21 am By Samantha Hurst  |  

Global digital banking group EQIBank announced on Tuesday the launch of its Global Secured Credit Card, which is now available for both corporate and private account holders.  “Booking flights, arranging hotel accommodation, and making purchases online is now so much easier regardless of where you… Read More

July 7, 2020 @ 11:03 am By Samantha Hurst  |  

  Digital bank Penta announced on Tuesday it has more than €4 million in funding from new international investors. Penta reported that this second closing of its financing round increases the total investment of its Series B to more than €23 million. The new investors… Read More

July 7, 2020 @ 10:12 am By Samantha Hurst  |  

India-based banking group ICICI Bank announced it has crossed a milestone of one million users on its WhatsApp banking platform. The bank reported it introduced banking services on WhatsApp three months ago to enable its retail customers to undertake a slew of banking requirements from… Read More

July 6, 2020 @ 9:31 pm By Omar Faridi  |  

Abu Dhabi Islamic Bank (ADIB), a leading UAE-based financial institution, reports that it has experienced significantly increased levels of digital banking adoption across its retail and corporate services during H1 2020. As noted in a release, almost 60% of ADIB’s retail clients have been using… Read More