Tagged: virtual bank

March 26, 2023 @ 1:05 pm By Omar Faridi  |  

Fusion Bank, a virtual bank strategically invested in by Tencent Holdings Limited, announces the launch of Business Banking Services “to provide flexible and convenient Internet Banking services to local small and medium-sized enterprises (SMEs), empowering them to expand their businesses.” SMEs can now “submit Fusion… Read More

March 16, 2023 @ 3:10 pm By Omar Faridi  |  

Ibanera‘s shareholders on recently finalized an $18.5 million funding round. The shareholders in Ibanera, a digital banking and payments company with a focus on embedded payments for Web3 platforms closed an $18.5 million investment round “for themselves to enable them to keep supporting Ibanera’s business… Read More

March 9, 2023 @ 10:47 am By Omar Faridi  |  

Alkami Technology Inc. (Nasdaq: ALKT), a cloud-based digital banking solutions provider for banks and credit unions in the U.S., announced that Maine-based Kennebec Savings Bank has launched the Alkami Digital Banking Platform. Alkami’s integrated solution and single platform for business, retail and mobile banking enables… Read More

March 9, 2023 @ 9:12 am By Omar Faridi  |  

Grasshopper, the “client-first” digital bank built for the business and innovation economy, recently announced steady growth and solid momentum for the year ending 2022. The bank has reportedly “expanded its management team, relaunched last March with a new vision, and has built strong lines of… Read More

March 7, 2023 @ 9:02 am By Omar Faridi  |  

Bankjoy, a digital banking provider, announced a funding round led by Curql Collective, a Credit Union Service Organization spurring fintech innovation for credit unions, with the potential to revolutionize how people engage with their money. Curql’s limited partners of investing credit unions, CUSOs, and credit… Read More

March 6, 2023 @ 5:35 pm By Omar Faridi  |  

C6 Bank has reportedly launched features that allow customers to manage overdue credit card invoices. Now, the bank’s app “has an exclusive home page for paying invoices in short arrears (up to 67 days), a specific chat bot for self-service on this topic and a… Read More

March 4, 2023 @ 11:32 am By Omar Faridi  |  

Starling Bank has chosen Barings’ Landmark in Manchester to house its new office in the North. The digital bank intends “to create up to 1,000 new jobs for the region to fulfil roles across the company, including in operations, engineering, data science and cybersecurity.” The… Read More

February 15, 2023 @ 3:51 am By Omar Faridi  |  

Starling Bank is rolling out its first savings product for small businesses offering a competitive fixed interest rate of 2.5% “over one year on balances of £2,000 or more.” The new 1-Year Business Fixed Saver is “built seamlessly into the app.” Account holders can “transfer… Read More

February 1, 2023 @ 10:33 pm By Omar Faridi  |  

livi bank, Hong Kong’s “lifestyle-driven” virtual bank, is continuing its development with the pilot launch of its wealth management service, which “follows closely on livi’s launch of its first offering to Hong Kong’s SME business community.” livi is now able “to distribute funds managed by… Read More

January 28, 2023 @ 3:44 pm By Omar Faridi  |  

N26, a European digital bank, announced the appointment of Arnd Schwierholz as its new Chief Financial Officer. The experienced manager will “lead the company’s financial department moving forward.” Arnd Schwierholz reportedly “brings decades of experience in the technology industry and in financial management for publicly… Read More

January 25, 2023 @ 8:22 pm By Omar Faridi  |  

Newly launched Filipino digital bank GoTyme Bank has partnered with global cloud banking platform Mambu in order “to deliver an innovative digital banking solution that is aiming to improve access to high quality financial services for Filipinos.” Singapore-based Tyme Group, which has partnered with Gokongwei… Read More

January 19, 2023 @ 7:57 am By Omar Faridi  |  

WeLab Bank, which claims to be the most innovative bank in Hong Kong, launched the Exclusive Limited-time Offer: Tesla-dedicated Loan with 0% APR “for selected Tesla owners and staff from selected organizations across Hong Kong.” Eligible customers will also “enjoy bonus offer including free supercharging1,… Read More

January 8, 2023 @ 8:07 pm By Omar Faridi  |  

Starling Bank expects to “more than quadruple its pre-tax profits in its Annual Results for the year ending 31 March 2023.” According to an update shared with CI, the bank “generated annualized pre-tax profits of more than £250 million on the back of almost £600… Read More

January 7, 2023 @ 9:22 am By Omar Faridi  |  

Axis Bank, India’s third largest private sector bank, has partnered with the world’s fastest-growing digital banking enterprise, OPEN, “to provide a fully native digital current account journey for its customers including SMEs, freelancers, homepreneurs, influencers and more.” This partnership “offers the larger business community access… Read More

January 6, 2023 @ 8:48 am By Omar Faridi  |  

This week Zopa Bank has crossed the £3 billion deposits milestone, while their customers have collectively “opened 150,000 accounts to grow their savings faster in today’s challenging environment.” Zopa’s ambition is “to make the hundreds of billions in “zombie money” sitting idle in UK current… Read More

January 1, 2023 @ 1:51 pm By Omar Faridi  |  

N26 recently announced changes to its leadership organization. Effective immediately, N26 co-founder Maximilian Tayenthal will “take over the role of Chief Operating Officer, while retaining his role as Managing Director of N26 Bank AG.” N26 and Jan Kemper have jointly “agreed that he will step… Read More

December 31, 2022 @ 3:27 pm By Omar Faridi  |  

Israel’s reserve bank recently issued a conditional license for the launch of the nation’s second virtual bank, which is being co-led by Nir Zuk, the American-Israeli founder of the cybersecurity company, Palo Alto Networks, Inc. As first reported by The Times of Israel, Bank of… Read More

December 27, 2022 @ 9:48 am By Omar Faridi  |  

Cogni, the lifestyle-focused banking platform bridging the gap between Web2 and Web3, has announced the launch of its new Multi-Chain Wallet, the first of its kind “to integrate Web3 services within a traditional Web2 banking platform.” This integrated, non-custodial wallet “couples accessibility with security in… Read More

December 26, 2022 @ 11:57 pm By Omar Faridi  |  

Fagura, which aims to build the first digital bank in CEE “for anyone to borrow, invest and transfer money easily,” has secured 186% (€747,076) of its €400,006 target (at the time of writing) via Seedrs from 268 investors, with the crowdfunding campaign closing soon. Located… Read More

December 24, 2022 @ 1:19 pm By Omar Faridi  |  

SavvyMoney, the provider of innovative credit score solutions, and Alkami, the provider of cloud-based digital banking solutions for banks and credit unions in the U.S., recently signed their 100th shared customer, a key milestone in their expanding partnership. Since its launch in 2019, the number… Read More