Tagged: online banking

Indian Fintech Razorpay Shares Ways to Grow Your Business With their Cash Advance Options

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

UK’s Atom Bank, a Mobile-Only Banking Platform, Reports Solid Progress Despite Considerable Losses

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

First All-Digital Islamic Savings Account Introduced in Malaysia by CIMB Bank

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

Fraud Awareness App Introduced by HSBC UK, Allows Businesses to Track Suspicious Activities, Potential Scams

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

Mambu Teams Up With Google Cloud to Enable Launch of New Indonesia-Based Digital Bank “Bank Jago”

  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

Ally Bank Eliminates All Overdraft Fees

  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

Challenger Bank Tech Platform Agora Teams Up With Digital Payment Provider i2c

    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

NorthOne Joins Forces With Bancorp Bank & Galileo to Offer Banking Platform Specifically For Small Businesses

Photo courtest velkr0 on Flickr: http://www.flickr.com/photos/velkr0/

    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

NatWest to Allow UK Consumers to Set their Own Daily Digital Bank Transfer Limits to Reduce APP Scams

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

Philippines based RCBC Reports Dramatic Surge in Digital Payments Volume following COVID Outbreak

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

Nigeria-Based Banking Group Polaris Bank Unveils Digital Bank Platform “VULTe”

  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

Starling Bank Scores £50 Million Investment From Goldman Sachs Growth Equity

  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

Canadian Digital Banking Platform Relay Secures $19.4 Million

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

The Philippines-Based Neobank Tonik Secures $17 Million in Pre-Series B Funding Round Led By iGlobal Partners

  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

Plaid Announces New API Partnership With Railsbank

  U.S. fintech Plaid announced on Thursday it has joined forces with Railsbank. Plaid reported that through the new partnership, Railsbank customers in the UK will have access to Plaid’s Payment Initiation API to accept instant bank payments directly within their app or website. Plaid… Read More

Revolut Begins Public Beta For Bitcoin Withdrawals

    Digital bank Revolut announced on Thursday the public beta launch of crypto withdrawals. According to Revolut, the new feature will provide customers with the option to transfer Bitcoin to their personal wallets outside of the Revolut platform. “With the rollout of crypto withdrawals, Revolut… Read More

Overfunding: UK Challenger Banking Startup Zvilo Quickly Surpasses Initial £200,000 Funding Target Through Seedrs Campaign

  Zvilo, a UK-based challenger banking startup, has quickly surpassed its initial £200,000 funding target through its equity crowdfunding campaign on Seedrs.  The funding round, which recently made its debut on the platform, has already attracted more than 100 Seedrs investors. Founded in 2019, Zvilo stated it… Read More

Estonia-Based Aspiring Crypto-Bank Crypterium Extends Equity Crowdfunding Campaign on Seedrs; Now Secures More Than €2.9 Million

  Estonia-based aspiring “crypto-bank” Crypterium has extended its equity crowdfunding campaign on Seedrs and has raised more than €2.9 million. The funding round, which launched last month, originally sought to raise €1 million and has attracted over 2,450 Seedrs investors. As previously reported, Crypterium stated it is building… Read More

Update: Aspiring “Crypto-Bank” Crypterium’s Equity Crowdfunding Campaign Raises More Than €2.4 Million During the Final Days on Seedrs

  Estonia-based aspiring “crypto-bank” Crypterium has secured more than €2.4 million through its equity crowdfunding campaign on Seedrs. The funding round, which is set to close later this week, originally sought to raise a minimum of €1 million and has already attracted 2,000 Seedrs investors. As previously reported,… Read More

Metro Bank Is Now Offering RateSetter Loans At Branches

  Metro Bank announced on Monday it has launched the first set of RateSetter-powered personal loans through its banking branches. Aach of the new loan applications will be assessed and arranged by using RateSetter’s lending technology. Those who qualify for the loans may borrow between… Read More

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