Tagged: financial services

December 15, 2021 @ 5:08 pm By Omar Faridi  |  

Engagement Banking technology provider Backbase has announced that it is teaming up with Blue Federal Credit Union, a credit union with head offices in Wyoming and serving communities across the Western United States, to “reinvent the digital experience for all of Blue’s retail and business… Read More

December 14, 2021 @ 9:46 pm By Omar Faridi  |  

Temenos (SIX: TEMN), the banking software firm, has confirmed that KAF, a diversified financial services conglomerate in Malaysia, has chosen the Temenos Banking Cloud to introduce a digital lending business. KAF will reportedly be using Temenos Banking Services for handling retail loans and Islamic financing… Read More

December 13, 2021 @ 11:49 pm By Omar Faridi  |  

The Open Banking Limited (OBL) board is looking for a Chief Executive Officer who will be responsible for leading the everyday operations of the Open Banking Implementation Entity (OBIE) and its gradual transition to an organization that will be observing the Competition and Markets Authority’s… Read More

December 13, 2021 @ 11:00 pm By Omar Faridi  |  

WeLab, a pan-Asian Fintech platform, has announced the acquisition of PT Bank Jasa Jakarta (BJJ), which is a commercial banking institution based in Indonesia, with plans to introduce its second digital bank in Asia “further to the successful launch of WeLab Bank in Hong Kong.”… Read More

December 13, 2021 @ 10:12 am By Omar Faridi  |  

MX, the financial data platform that claims to be a leader in modern connectivity, has announced that First Foundation Bank (NASDAQ: FFWM) has now gone live on the MXmobile platform for mobile banking, “staying true to First Foundation Bank’s digital strategy of delivering modern, engaging… Read More

December 12, 2021 @ 1:11 pm By Omar Faridi  |  

Two-thirds of the UK’s small business leaders (63%) feel “lonely” in their role, which could prevent their firm from “reaching its full potential,” according to an update from UK-based digital bank Starling. Of 1,046 business leaders surveyed by Starling Bank, seven in ten (70%) say… Read More

December 12, 2021 @ 12:06 pm By Omar Faridi  |  

Green Fintech firm Sugi has reportedly teamed up with Artorius in order to provide the wealth manager’s customers with access to environmental metrics that may help them with building “greener” investment portfolios. Sugi says that its mission is to transform green investing. The company wants… Read More

December 11, 2021 @ 3:48 pm By Omar Faridi  |  

Edfundo, the transformative smart money management app for kids and teens living in the United Arab Emirates (UAE), has appointed industry specialists to its advisory board. Joining the board are Saudi-headquartered Fintech & Business Development specialist Saleh AlHammad, UK‘s Finance & Emerging Payments professional David… Read More

December 11, 2021 @ 11:42 am By Omar Faridi  |  

Following the announcement of a crypto-focused partnership with Sygnum Bank earlier in 2021,  Bordier & Cie, a Swiss private banking institution established in 1844, is confirming that it’s notably the first bank in Switzerland to enter a strategic partnership with Moonfare, the private equity Fintech… Read More

December 10, 2021 @ 7:46 pm By Omar Faridi  |  

ZSuite Technologies, a financial tech firm that powers community financial institutions with digital escrow products for various commercial verticals, has announced its API integration with Q2’s Digital Banking Platform, “leveraging the Q2 Innovation Studio.” Via the integration, Q2 customers will be able to “take advantage… Read More

December 9, 2021 @ 11:04 pm By Omar Faridi  |  

Walmart Canada and Interac Corp. have announced that they have teamed up to provide  Walmart Canada clients the option to make payments with Interac Debit via Walmart.ca and in-app. As of December 8, 2021, Walmart Canada clients are able to check out using Interac Debit… Read More

December 8, 2021 @ 10:16 pm By Omar Faridi  |  

As open finance continues to evolve as an international movement, it’s critical for various world  regions to compare different implementation methods before selecting the best or most appropriate system. The Open Banking Exchange, the international unit of Open Banking Europe, has been established to guide… Read More

December 8, 2021 @ 2:57 pm By Omar Faridi  |  

Zirtue, the relationship-based lending app with a goal to promote financial inclusion, has  announced the launch of their Alternative Payment Solution for businesses. As mentioned in a release, the solution allows businesses to “utilize Zirtue as a payment option for their customers to pay bills… Read More

December 7, 2021 @ 8:01 am By Omar Faridi  |  

Digital wealth management platform Moneyfarm has confirmed that it will acquire Wealthsimple’s UK business book. Wealthsimple UK has reportedly agreed to transfer its 16,000 UK clients to Moneyfarm by the end of January 2022. The Canadian Robo-advisor said it would no longer be offering its… Read More

December 6, 2021 @ 10:15 pm By Omar Faridi  |  

i2c Inc., a provider of digital payment and banking tech, has announced its partnership with BEYON Money, the mobile super app introduced by Batelco Financial Services, which is the Fintech unit of Bahrain’s digital solutions and telecommunications provider. Backed by a recently-secured Open Banking license… Read More

December 6, 2021 @ 3:59 pm By Omar Faridi  |  

In the Caribbean, a new neobanking platform has been introduced. It aims to offer all the features provided by digital banking platforms along with support for crypto-assets. As mentioned in an announcement, neobank Migom offers banking services to SMEs operating in emerging markets. Migom Bank‘s… Read More

December 6, 2021 @ 9:50 am By Omar Faridi  |  

Ali Niknam, CEO and founder of European Fintech bunq, recently noted that they are starting off on a “new beginning for bunq” Niknam wrote in a blog post dated December 2, 2021 that today “marks the start of a new chapter in bunq’s history.” Niknam… Read More

December 6, 2021 @ 7:51 am By Omar Faridi  |  

The Bank of Ireland has reportedly been fined €24.5 million by the Central Bank for failing over the course of over 10 years to have a proper system in place to allow for the continuity of service to clients in the event of a major… Read More

December 5, 2021 @ 2:30 pm By Omar Faridi  |  

Mobile banking app N26 recently confirmed that they’re getting ready to close down all US accounts in January 2022. As noted in a blog post by UK-based Fintech Monzo, this decision has “left many customers looking for a replacement that offers easy mobile banking, low… Read More

December 5, 2021 @ 1:16 pm By Omar Faridi  |  

GoHenry, a debit card and financial education app designed for children ages 6-18, announced earlier this week a direct deposit feature for “working teenagers.” The addition of this workforce payment feature “allows teens 14 and older to have their paychecks deposited directly into their GoHenry… Read More