Tagged: digital

Digital Platform Banking Solutions Provider Agora Services Secures $2 Million; Opens Headquarters in Atlanta

Agora Services, a digital platform banking solutions provider, announced on Thursday it secured $2 million of funding to fuel its growth and sales and deploy its first clients. The company also revealed that it opened its headquarters in Atlanta. The company describes itself as a… Read More

Paysend Launches Multi-Currency Global Account in Europe

Paysend, a UK-based global payments platform,  announced on Thursday the launch of its international mobile money account, the Global Account. According to PaySend, the Global Account’s main goal is to help consumers save up to £2 billion in currency conversions when spending money abroad or… Read More

Monzo Addresses Bank Transfer Errors & How the Digital Bank Platform is Preventing Future Issues

UK challenger bank Monzo addressed recent issues concerning its bank transfer services. The digital banking platform reported that on May 30th, around a quarter of bank transfers into Monzo accounts were failing or delayed by several hours and bank transfers from the Monzo accounts were… Read More

MarketsFlow Set to Close Latest Crowdcube Campaign With Nearly £775,000 in Funding

Digital wealth management platform MarketsFlow is set to close its latest equity crowdfunding campaign on Crowdcube with nearly £775,000 in funding from 450 investors. The funding round was launched last month, originally seeking a minimum of £700,000. As previously reported, MarketsFlow is described as a… Read More

Overfunding: MarketsFlow Surpasses £700,000 Funding Target on Crowdcube

Digital wealth management platform MarketsFlow has successfully secured its initial £700,000 funding target through equity crowdfunding platform Crowdcube. The funding round was launched less than two years after MarketsFlow secured more than £450,000 through its previous Crowdcube round. As previously reported, MarketsFlow was launched in… Read More

MarketsFlow Returns to Crowdcube; Now Seeking £700,000 in Funding

Less than two years after raising more than £450,000 through its Crowdcube round, digital wealth management platform MarketsFlow has returned to the equity crowdfunding platform to secure an additional £700,000 in funding. As previously reported, MarketsFlow was launched in 2017 by technologist and entrepreneur Tom… Read More

UK Digital Bank Monese Milestone: Hits 500,000 Sign Ups

Digital challenger bank Monese has successfully attracted 500,000 sign-ups to its banking platform. Founded in 2013, Monese is licensed and regulated by the UK Financial Conduct Authority (FCA). It describes itself as an award-winning banking account that users can open instantly on their phones. The company claims… Read More

Hungarian Commercial Bank MKB Bank Goes Fully Digital With Oracle FLEXCUBE Implementation

On Tuesday, Hungarian commercial bank MKB Bank announced implemented Oracle FLEXCUBE to become fully digital. According to MKB Bank, the core banking solution has been adopted by more than 600 financial institutions around the world, as part of a broader restructuring project to streamline its… Read More

Citizens Financial Group Debuts Direct-to-Consumer Digital Bank

Citizens Financial Group, Inc. (NYSE: CFG) announced earlier this week the launch of Citizens Access, a nationwide, direct-to-consumer digital bank. According to the banking brand, this new online platform offers compelling deposit products to serve an increasing number of digitally-savvy customers who value the unique benefits… Read More

Bittrex Teams Up With Invest.com to Launch New Digital Trading Platform

On Thursday, U.S. blockchain trading platform Bittrex announced it has teamed up with fintech firm invest.com to open a new digital trading platform for customers in the European Union (EU). The companies reported that the platform will be launched under the invest.com brand name. Bittrex reported… Read More

Kony Debuts New Digital Banking Solution “Kony DBX”

Kony, Inc., an enterprise mobility and digital applications company, announced on Tuesday the launch of its new digital banking solution, Kony DBX. This launch of the solution comes just a little over six months after the expansion of Kony’s digital banking marketplace. According to Kony, the Kony DBX… Read More

App-Only Bank Chime Surpasses One Million Bank Accounts (Infographic)

Chime, a U.S.-based app-only bank, recently announced it has surpassed one million bank accounts. Founded in 2013, Chime is on a mission to help its members lead healthier financial lives. The company’s service is described to help customers avoid feeds, save money automatically, and improve their… Read More

Alibaba’s Ant Financial Set to Support Shanghai Pudong Development Bank’s Digital Transformation

Chinese fintech and Alibaba-affiliated Ant Financial Service Group announced on Wednesday it has signed a strategic cooperation agreement with Shanghai Pudong Development Bank Co., Ltd. to support the bank’s digital transformation with Ant Financial’s technological capabilities. Ant Financial reported that the agreement is the third of its… Read More

IBM Further Strengthens Partnership With Crédit Mutuel to Build Bank of Tomorrow

Last week, fintech firm Crédit Mutuel announced the extension of its partnership with IBM (NYSE: IBM) to devise new ways of working to better serve the bank’s 12 million customers. Crédit Mutuel reported it has selected IBM Cloud, Watson and advanced cybersecurity technologies to fundamentally change… Read More

Overfunding: Digital Only Bank Startup Fiinu Secures £500,000 Funding Target on Seedrs

App-only banking start-up Fiinu, has successfully secured its initial £500,000 funding target through its equity crowdfunding campaign on Seedrs. The initiative was launched last month and sought the funds for a 6.67% equity stake at a pre-money valuation of £7 million. As previously reported, the aspiring digital… Read More

Monzo Milestone: Challenger Bank Hits Half A Million Current Accounts (Video)

On Monday, UK-based challenger bank Monzo announced it has achieved half a million current accounts. The company launched its current accounts in October last year and since then, thousands of users have upgraded their accounts or signed up to start using Monzo’s banking products. “This… Read More

Tandem Set to Return to Seedrs For Additional £4 Million

Digital challenger bank Tandem founder Ricky Knox announced last week the bank will be returning to Seedrs, seeking to raise £4 million. This news comes one month after the company completed its acquisition of Harrod’s Bank. As previously reported,  Tandem was granted authorization to be regulated back in… Read More

Update: MarketsFlow to Close Crowdcube Round With Over £450,000 in Funding

Digital wealth management platform MarketsFlow is set to close its equity crowdfunding round on Crowdcube with more than £450,000 thanks to nearly 640 investors. The campaign was originally set to close at the end of December but was extended for a few more weeks after it secured… Read More

Update: MarketsFlow Extends Equity Crowdfunding Round on Crowdcube

Just days before its equity crowdfunding round was set to close on Crowdcube, digital wealth management platform MarketsFlow announced it was extending the campaign for another two weeks. In the latest update, the MarketsFlow team stated: “We are extremely pleased to announce the extension of… Read More

Update: MarketsFlow Set to Close Crowdcube Round With More Than £250,000 in Funding

With its equity crowdfunding campaign on Crowdcube set to close later this week, digital wealth management platform MarketsFlow will be completing the funding round with more than £250,000 from over 350 investors. As previously reported, MarketsFlow was launched earlier this year by technologist and entrepreneur Tom Nash. The platform describes… Read More

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