Tagged: online banking

Monzo Announces Launch of Flexible Loans

UK challenger bank Monzo announced on Thursday the launch of its flexible loans. The startup reported that over the past nine months it has gradually been offering loans to more and more of its customers to make sure its system was to “get it right.”… Read More

Digital Bank Joust Secures $2.6 Million Through Latest Seed Investment Round Led By PTB Ventures

Joust Labs, a US neo-banking startup specifically for freelancers, announced on Monday it secured $2.6 million through latest seed investment round, which was led by PTB Ventures with participation from Accion Venture Lab, Financial Venture Studio, and Techstars. Founded in 2017, Joust claims it is… Read More

Sberbank Announces Letter-of-Credit Business of Legal Entities for Online Availability

Russian banking group Sberbank announced last week it has implemented a feature on remote banking services on letters-of-credit in Sberbank Business Online’s system. The bank revealed: “Clients can create applications on letters of credit online and independently send them to the bank to be processed…. Read More

Wirecard Announces New Partnership With India’s YES BANK

Germany-based Wirecard announced on Wednesday it has formed a new partnership with India’s banking group, YES BANK. According to Wirecard, the new collaboration will expand the scope of India’s Aadhaar Enabled Payment System, a biometric digital payment system developed by the National Payments Corporation of… 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

Following Series B Investment, Canadian Fintech Koho Launches New Cashback Program

KOHO, a fintech startup that offers Canadians an alternative to traditional banking, announced on Wednesday the launch of its new cashback program. This news comes just weeks after Koho successfully secured $42 million through its Series B funding round. As previously reported, Koho stated with… Read More

U.S. Fintech Startup Binji Launches Personal Finance Solution

Binji, a U.S.-based Fintech startup, announced the launch of its new personal finance solution. The company reported that its digital display debit Mastercard works in tandem with its mobile app. The platform also offers the ability to consolidate up to 24 credit and debit cards… Read More

Canadian Banking Alternative KOHO Secures $42 Million Through Latest Funding Round Led By Portag3 Ventures

KOHO, a fintech startup that offers Canadians an alternative to traditional banking, announced on Wednesday it secured $42 million through its latest funding round, which was led by Portag3 Ventures, with participation from Greyhound Capital and other strategic investors. Founded in 2014, KOHO stated that… Read More

Royal Bank of Scotland Announces Online Investment Service

Royal Bank of Scotland (RBS) announced on Wednesday the launch of its online investment service. According to the banking group, the Royal Bank Invest offers customers an opportunity to invest online from  £50, on a self-select or Automated Advice basis. Customers will be able to… Read More

Yolt Begins Beta Testing for Money App

Yolt announced on Monday it has begun beta testing for its smart thinking money app, Yolt Pay. Yolt reported that in this early stage of Yolt Pay, users be able to initiate payments on the Yolt platform. “We know it’s not perfect, but we wanted… Read More

Lloyds Bank & Halifax Customers Now Able to Experience New Open Banking Feature on Mobile Banking App

Lloyds Bank announced last week that it and Halifax customers are now able to see their personal current accounts from different banks through the Lloyds Bank mobile banking app. According to Lloyds Bank, the new open bank feature now enables customers to safely and securely… Read More

Canadian Credit Union Meridian Announces Plans to Launch Digital Banking Platform “motusbank”

Meridian, a Canada-based credit union, announced last week the launch of its new digital platform, motusbank. According to Meridian, motusbank has already received the official go-ahead from the Office of the Superintendent of Financial Institutions (OSFI) and will open for business this spring. Its description reads: “motusbank… Read More

Varo Money Raises Annual Percentage Yield on Savings Account

Digital-only challenger bank Varo Money announced on Tuesday it raised the Annual Percentage Yield (APY) on its FDIC-insured Varo Savings Account to 2.80% for customers whose Savings Account balance is $50,000 or less, and who have qualifying direct deposits and debit card purchases from their… Read More

Cameroon’s Afriland First Bank Selects Fintech Temenos to Enhance End-to-End Banking Experience

Cameroon Flag

Temenos (SIX: TEMN), a Switzerland-based banking software company,  announced on Thursday Cameroon-based financial services group Afriland First Bank has chosen Temenos T24 Core Banking platform to power its digital transformation journey. According to Temenos, the bank has opted for a complete IT renovation using Temenos… Read More

Sberbank Makes Investment Available to All Russians Through Newly Launched Mobile App

Russian banking firm Sberbank announced on Wednesday the launch of its new mobile banking app, Sberbank Online. According to Sberbank, the app creation allows all retail clients to receive and secure funds to make an investment in a wide range of financial tools, such as… Read More

Starling Bank Debuts First Personal Loan Products Offering Up to £5,000

Digital challenger bank Starling Bank announced on Thursday the launch of its first personal products. This news comes just after Starling Bank launched its Banking-as-a-Platform APIs to allow businesses to offer their own unique retail banking payments services, including card issuing as an API. According… Read More

Hong Kong Digital Bank Neat Secures $2 Million Investment From Dymon Asia Ventures & Portag3 Ventures

Neat, a digital bank based in Hong Kong, announced earlier this week it secured a $2 million investment from Dymon Asia Ventures and Portag3 Ventures. Founded in 2015, Neat offers two banking products, Neat Business and Neat Personal. All banking with Neat is done through its… Read More

Monzo Announces Collaboration With TransferWise to Provide International Money Transfers From Within Monzo Mobile App

On Monday, challenger bank Monzo announced it has formed a new partnership with money transfer service TransferWise to provide international money transfers from within its mobile app. According to Monzo, through the payments tab in the app, uses are able to make payments overseas to… Read More

Monzo Launches New Web Services For Emergencies

Last week, challenger bank Monzo announced the launch of its new Monzo Web feature, which allows users to access their accounts in the event of an emergency such as wallet has been stolen or a phone has been lost. The bank reported that  Monzo Web allows customers… Read More

Money Rate Releases Bi-Annual Checking Account Fees Survey

On Thursday, Money Rates announced its bi-annual checking account fee survey, which revealed that consumers are getting a rare break from checking account fees. According to Money Rates, the survey found that since the previous survey six months ago, service fees dropped and, the percentage… Read More

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