Tagged: financial services

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

December 3, 2021 @ 2:26 pm By Omar Faridi  |  

DAI confirms that it has acquired MicroVest Capital Management, one of the major lenders to “responsible” finance institutions—an acquisition that will “expand the capabilities of DAI’s investment management arm, DAI Capital.” Established in 2003, MicroVest is a registered investment adviser that “allocates private investments to… Read More

December 2, 2021 @ 10:39 pm By Omar Faridi  |  

Goalsetter, a Fintech platform dedicated to offering families and K-12 youth with access to banking, savings, investing, and financial education tools, has announced the closing of a $15 million Series A round that was led by Seae Ventures. Seae Ventures has reportedly been joined by… Read More

December 2, 2021 @ 9:37 pm By Omar Faridi  |  

Digital banking provider Bankjoy has announced the launch of its business banking platform, empowering its customers with the best tools to “help attract and drive loyalty among small businesses within their communities.” Recently surpassing 1 million members with access to its platform, Bankjoy’s virtual banking… Read More

December 1, 2021 @ 7:59 am By Omar Faridi  |  

The Bank of London has launched as the 6th principal clearing bank of the United Kingdom  with a mission to “lift communities and power the borderless economic infrastructure of the future.” Led by an executive team of industry pioneers and a board of international leaders,… Read More

December 1, 2021 @ 7:56 am By Omar Faridi  |  

The Co-operative Bank has reportedly invested £500,000 in Manchester-headquartered Fintech platform Bankifi as part of a large co-development deal. BankiFi is “putting banks at the heart of business.” As noted by its management: “BankiFi is a technology platform designed to make business banking better, enabling… Read More

November 30, 2021 @ 9:53 pm By Omar Faridi  |  

Slice, a Fintech platform that provides card-based products to younger Indian consumers to help them build a solid credit score, has secured $220 million in capital via a Series B round that values the business at more than $1 billion. Slice‘s investment round has been… Read More

November 30, 2021 @ 7:41 pm By Omar Faridi  |  

Westpac is bringing its enhanced mobile app to Android clients, as the COVID-19 outbreak continues to accelerate the adoption and usage of virtual banking services. The app from Westpac makes it quicker, convenient, and a lot more secure for clients to effectively manage their funds,… Read More

November 30, 2021 @ 3:04 pm By Omar Faridi  |  

CuneXus, which claims to be the first digital storefront for financial institutions’ account holders, has announced a real-time, credit monitoring tool that’s available for financial institutions and end-users who may be embedded within the CuneXus storefront. The solution provides financial institutions the ability to show… Read More

November 30, 2021 @ 9:57 am By Omar Faridi  |  

Credit Suisse (SWX: CSGN) has revealed that the use of its all-digital platform has increased significantly since its launch in October of last year. Although not only about private banking, the numbers shared by Credit Suisse indicate a key trend now that’s taking hold in… Read More

November 29, 2021 @ 9:23 pm By Omar Faridi  |  

Laleta Buctkuar notes that she recently joined UK’s Assetz Capital in June of this year, “specifically to focus on bridging products and distribution.” Laleta shared that she began working in financial services more than 20 years ago. Laleta also noted that she had a part-time… Read More

November 29, 2021 @ 9:21 pm By Omar Faridi  |  

Indian payments Fintech and neobank Razorpay notes that applying for a line of credit via traditional banks and lenders “can be disappointing with unrealistic approval requirements.” Razorpay Cash Advance has been specifically designed to “make it easier for Razorpay users to get quick access to… Read More

November 29, 2021 @ 5:41 pm By Omar Faridi  |  

Eleving Group (previously doing business as Mogo Finance) has shared its unaudited results for the nine months of 2021, “conclusively determining the company’s course to the best financial year in its history.” As mentioned in a blog post published by the Mintos team, the group’s… Read More

November 29, 2021 @ 8:48 am By Omar Faridi  |  

GIANT Protocol is pleased to make its public debut with the announcement that it is developing a Web 3.0 protocol to “decentralize and democratize access to the internet and financial services.” The tokenized bandwidth platform will “allow anyone with a mobile phone to access the… Read More

November 28, 2021 @ 9:58 pm By Omar Faridi  |  

Russia’s digital banking platform, Tinkoff, has reportedly acquired a controlling stake (51%) in Just Look, the business entity behind Jump.Finance, a Fintech firm that automates interactions with freelancers, including making payments. The transaction was carried out on behalf of Tinkoff Business, the division of the… Read More

November 28, 2021 @ 12:02 pm By Omar Faridi  |  

ID Finance, which claims to be one of the fastest-growing Fintechs in Spain and Mexico, has raised 106% (€1,062,883) of its €1M fundraising target from 459 investors (at the time of writing) via Crowdcube with 3 days left in its crowdfunding campaign. After a record-setting… Read More

November 27, 2021 @ 10:24 am By Omar Faridi  |  

Landsbankinn, which is one of the largest Icelandic banks, has teamed up with Salt Edge, a provider of Open Banking services. Through their partnership, the organizations will focus on  complying with Icelandic law on the latest PSD2 legislation. The Act on Payment Services, which incorporates… Read More