Tagged: digital banking

December 29, 2024 @ 6:11 pm By Omar Faridi  |  

PDX Global, a digital banking and payments developer for the crypto economy, announced a successful round of tests of PDX Beam, the end-to-end payment transaction process and seamless crypto-to-cash payments platform for merchants and consumers. PDX has reportedly launched a live public beta test program… Read More

December 26, 2024 @ 8:06 am By Omar Faridi  |  

UK’s digital bank Monzo appears to be nearing its EU launch, as the Fintech looks to roll out its services beyond the United Kingdom and US markets. Monzo said that it is taking its “mission into Europe in 2025″, as it seeks qualified applicants for… Read More

December 17, 2024 @ 11:42 pm By Omar Faridi  |  

As part of its ongoing commitment to supporting the Ukrainian community, global fintech company Revolut has announced that its app is now available in the Ukrainian language. This move comes around two years after Revolut started offering payment services to refugees fleeing Ukraine and the… Read More

December 10, 2024 @ 10:15 pm By Omar Faridi  |  

Lunar, the Nordic challenger bank, is taking a step to redefine payments for enterprises by over time transitioning its Banking Services division into a new standalone entity within Lunar Group: Moonrise. This move underscores Lunar’s commitment to scaling its operations and unlocking the immense potential… Read More

December 10, 2024 @ 7:17 pm By Michael Wong  |  

CIMB Bank Philippines will not seek a digital banking license from the Bangko Sentral ng Pilipinas (BSP), opting instead to enhance its digital banking capabilities using its existing commercial banking license. The bank believes this approach provides sufficient flexibility to introduce a broader range of… Read More

November 25, 2024 @ 10:18 pm By Omar Faridi  |  

CaixaBank unveiled its 2025–2027 Strategic Plan in order to ensure sustainable levels of profitability “above 15% (ROTE)” in order to support the growth of loans to firms and households, which is on track to grow by around 4% CAGR during the next three years. Maintaining… Read More

November 23, 2024 @ 5:58 pm By Omar Faridi  |  

Digital banking platform Nubank‘s (NYSE: NU) rise to Brazil’s “number one” bank provider is highlighted in an update which noted that the challenger has now overtaken Banco do Brasil, the country’s oldest bank founded in 1808, signifying a “paradigm shift” in the banking industry. By… Read More

November 18, 2024 @ 10:03 pm By Omar Faridi  |  

UK’s digital bank Zopa reportedly intends to double profits this financial year as it potentially prepares for a 2025 current account launch. Digital bank Zopa is reportedly on track to significantly increase profits and boost yearly revenue by over a third this financial year due… Read More

November 17, 2024 @ 6:12 pm By Omar Faridi  |  

CaixaBank Private Banking is launching a new service, “unique” in Spain, that reportedly aims to combine “agility” in portfolio construction with “maximum” personalization in advisory. CaixaBank Private Banking presented its service, Advisory GPS (Global Portfolio Strategy), which is said to bring together agility and efficiency… Read More

November 11, 2024 @ 10:50 am By Omar Faridi  |  

Consumer Fintech Chime has reportedly submitted a comment to Joint Banking Regulators’ Request for Information on bank-fintech partnerships. Chime noted in a blog post that they recently submitted a comment letter in response to a Request for Information from federal banking regulators in the U.S…. Read More

November 8, 2024 @ 9:37 am By Omar Faridi  |  

American Express (NYSE: AXP) announced an API-powered data access agreement with MX Technologies, Inc. that will provide new digital banking options for customers without compromising their account security. American Express customers will now be able to better manage their personal finances and business expenses via… Read More

November 4, 2024 @ 10:43 pm By Omar Faridi  |  

New research reveals that more than two-thirds of younger Australians use some kind of budgeting methods. It comes as digital banking platform Ubank introduces a Bills account in addition to their Spend and Save accounts. Australian digital bank, Ubank, has officially rolled out a new… Read More

October 19, 2024 @ 4:19 pm By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be the largest digital financial services platform outside of Asia, announces the expansion of its Working Capital offerings, its first loan solution for business customers. As mentioned in the announcement from Brazil’s Nubank, the volume of loans granted grew by… Read More

October 11, 2024 @ 8:21 am By Omar Faridi  |  

UK headquartered digital bank Revolut announced recently that it has submitted an application to obtain a banking license in order operate in Colombia. This recent announcement by Revolut has been unveiled as the Fintech company aims to boost its presence in Latin America. The new… Read More

October 7, 2024 @ 8:45 am By Omar Faridi  |  

Backbase, the creator of the Engagement Banking Platform, marked the recent opening of its global headquarters at Oosterdoksstraat 114 in Amsterdam. According to the engagement banking Fintech firm, this move is more than just a change of address; it represents another significant step forward in… Read More

October 6, 2024 @ 2:04 pm By Omar Faridi  |  

Nubank (NYSE: NU), which claims to be one the largest digital banking platforms outside of Asia, announces the expansion of Nu Limite Garantido, which is described as a feature that enables clients to increase their credit card limit. Gradually, the eligible customer base is reportedly being… Read More

September 17, 2024 @ 6:22 am By Omar Faridi  |  

Revolut is reportedly preparing for a 2025 launch in India. Potentially targeting millions of India’s consumers in a vital test for the growth strategy of Europe’s most valuable Fintech, Revolut will aim to take advantage of establishing operations in one of the world’s fastest-growing economies. London-headquartered Revolut… Read More

September 16, 2024 @ 6:14 am By Omar Faridi  |  

UK’s digital bank Zopa has surpassed £5 billion in customer deposits. The update from Zopa Bank comes four years after getting its banking licence and four months after exceeding its £4 billion deposits milestone. The milestone reflects the convenience, accessibility and competitive rates offered with Zopa… Read More

August 23, 2024 @ 8:28 am By Omar Faridi  |  

Apiture, a provider of digital banking solutions, announced that Surety Bank, a Florida-based community bank with customers nationally, has selected the Apiture Digital Banking Platform to power online and mobile banking for its commercial and retail customers. Surety Bank sought a new digital banking partner… Read More

August 19, 2024 @ 4:06 pm By Omar Faridi  |  

Metallicus, the developer of The Digital Banking Network, a blockchain-based payments network built to meet regulatory standards globally, is pleased to announce the launch of its flagship consumer app, Metal Pay, in Australia. This expansion marks a significant milestone in Metallicus’ mission “to support the… Read More