Tagged: online banking

August 23, 2022 @ 10:31 pm By Omar Faridi  |  

First Federal Bank of Kansas City released a refreshed, innovative online and mobile banking platform powered by Narmi, an enterprise digital banking provider. Together they “enhanced the end-to-end digital experience from online account opening through online and mobile banking for First Federal’s 25,000 consumer and… Read More

July 20, 2022 @ 10:10 pm By Omar Faridi  |  

Mahalo Banking, a CUSO that provides online and mobile banking solutions for credit unions, completed a $20 million funding round this month that was “led by Ohio-based Superior Credit Union, Ky.-based Park Community Credit Union and Del.-based Dover Federal Credit Union.” The additional capital “enables… Read More

July 11, 2022 @ 9:02 am By Omar Faridi  |  

Consumers from lower-than-average socioeconomic backgrounds found it challenging to access online banking during the COVID-19 outbreak, while many continue to depend on in-person banking services. This, according to an update from the London School of Economics and Political Science (LSE). The research, released in the… Read More

May 4, 2022 @ 11:41 pm By Omar Faridi  |  

Simplii Financial has launched a new online and mobile banking feature for clients, “enabling recurring and future-dated Interac e-Transfer® transactions to be set up or scheduled up to five years into the future.” Vineet Malhotra, Head, Simplii Financial, stated: “Our clients have been asking for… Read More

April 4, 2022 @ 5:51 pm By Omar Faridi  |  

For many consumers and small business owners, the result of one or more overdraft fees can be “devastating.” To address this issue, First Internet Bank has announced that it is “removing overdraft fees on personal and small business deposit accounts.” This change has been made… Read More

January 28, 2022 @ 12:51 pm By Omar Faridi  |  

Automobile dealership JCT600 has reportedly become the first retailer in the UK to use Lloyds’ PayFrom Bank account-to-account payment solution, displacing plastic cards at the online checkout. Introduced in July 2021, PayFrom Bank brings together Mastercard’s Payment Gateway capabilities/functionality and its Open Banking Connect platform… 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

August 29, 2021 @ 11:23 pm By Omar Faridi  |  

Atom Bank, the North East Fintech firm, has reported “strong progress” during its most recent annual report, “narrowing its losses and generating a monthly net interest margin (NIM) of 114bps by March 2021 (up from 10bps in March of 2020).” According to the update from… Read More

August 2, 2021 @ 10:27 pm By Omar Faridi  |  

CIMB Bank and CIMB Islamic Bank have introduced the CIMB OctoSavers Savings Account-i, which is the first all-digital Islamic account where the account opening and onboarding process is carried out completely online. New clients will also get the newly introduced Octo Debit Mastercard via mail… Read More

June 5, 2021 @ 7:50 pm By Omar Faridi  |  

HSBC Holdings plc (NYSE: HSBC), a British multinational investment bank and financial services holding company, recently revealed that its UK division had introduced a fraud awareness app to offer businesses or companies up-to-the-minute or the latest updates on potential scams. HSBC, which is the second… Read More

June 3, 2021 @ 8:33 pm By Samantha Hurst  |  

  Mambu, a Germany-based SaaS banking platform provider, announced earlier this week it has teamed up with Google Cloud to power Bank Jago, a Indonesia-based digital bank. Mambu reported that Bank Jago is considered the first organization to benefit from the Bambu-Google Cloud collaboration. Jago… Read More

June 3, 2021 @ 8:38 am By Samantha Hurst  |  

  U.S. digital banking group Ally Bank announced on Wednesday it has officially eliminated overdraft fees on all accounts. The bank revealed that every Ally Bank customer is eligible and there are no requirements or restrictions. The elimination of overdraft fees notably is the latest… Read More

May 25, 2021 @ 12:19 pm By Samantha Hurst  |  

    Agora Services, a digital platform banking solutions provider, announced on Tuesday it has partnered with i2c Inc., a global provider of digital payment and open banking technology, to provide modern digital-first issuing and processing. Agora reported that the partnership adds to its ability to… Read More

May 25, 2021 @ 11:25 am By Samantha Hurst  |  

    NorthOne, a Canada-based mobile banking platform for small businesses, freelancers, and startups, announced on Tuesday it has partnered with The Bancorp Bank, Member FDIC, to provide banking services to NorthOne’s customer base, and Galileo Technologies to deliver more processing services to new and… Read More

May 25, 2021 @ 1:39 am By Omar Faridi  |  

NatWest, a major retail and commercial bank in the UK, will reportedly be letting clients set up their own daily digital bank transfer limits – which should help reduce the potential damage done by authorized payment push (APP) scams. NatWest, Royal Bank of Scotland and… Read More

May 24, 2021 @ 12:57 am By Omar Faridi  |  

Rizal Commercial Banking Corporation (RCBC) has revealed that it has seen dramatic growth in its digital payments volume during the last year. The value of InstaPay and PESONet money transfers of RCBC Online and its mobile banking app surged 293% when compared to volumes reported… Read More

May 23, 2021 @ 11:23 pm By Samantha Hurst  |  

  Polaris Bank, a Nigeria-based retail bank, recently announced it launched its own digital banking platform called VULTe. according to Polaris, VULTe’s products and services are designed to help customers’ lifestyles as individuals and make their business become “bigger and better.” Polaris revealed: “At VULTe,… Read More

May 21, 2021 @ 8:18 am By Samantha Hurst  |  

  UK-based digital banking group Starling Bank announced this week it secured a £50 million investment from Goldman Sachs Growth Equity. According to Starling Bank, the investment is an extension of the oversubscribed £272 million Series D funding round announced in March 2021, which valued it in… Read More

May 13, 2021 @ 3:19 pm By Samantha Hurst  |  

Relay, a Canada-based digital banking platform for small businesses, announced on Thursday it raised US$19.4 million in funding, which includes US$15 million through its Series A funding round that was led by Bain Capital Ventures and seed round of $4.4 million led by Better Tomorrow… Read More

May 11, 2021 @ 9:32 am By Samantha Hurst  |  

  Tonik, a neobanking group based in the Philippines, announced on Tuesday it secured $17 million through its Pre-Series B investment round, which was led by iGlobal Partners with participation from Sequoia India, Altara Ventures, and Insignia Venture Partners, Citius, Baring Vostok Private Equity, and… Read More