Tagged: virtual bank

May 20, 2022 @ 8:23 am By Omar Faridi  |  

Neon, a Fintech firm and digital bank focused on “improving the lives of working Brazilians,” has announced an overview of the company’s growth and momentum that “led up to its recent US$300M Series D round, resulting in a valuation of US$1.6B and its achievement of… Read More

May 17, 2022 @ 10:32 pm By Omar Faridi  |  

  Starling Bank has launched a campaign that “celebrates” women’s football as part of its national support of the UEFA Women’s EURO 2022 tournament. The ‘Our Time’ campaign highlights the glass ceilings that continue “to be broken for the women’s game, while nodding to Starling’s… Read More

May 14, 2022 @ 11:26 am By Omar Faridi  |  

Digidoe, the UK-headquartered Fintech firm that aims to streamline the global payments infrastructure, has introduced a fast Banking as a Service (BaaS) solution which enables businesses to launch a new virtual bank within 72 hours. The secure Cloud-powered API and white-label service opens the door… Read More

May 12, 2022 @ 11:16 pm By Omar Faridi  |  

nCino, Inc. (NASDAQ: NCNO), a pioneer in Cloud banking and digital transformation solutions for the global financial services industry, has announced that Capitec Bank, a virtual bank has teamed up with nCino. nCino is assisting with building the bank’s Business Banking loan management system, “optimizing… Read More

May 12, 2022 @ 9:17 pm By Omar Faridi  |  

Starling Bank, the digital bank, has reportedly doubled the size of its Cardiff office and “created hundreds of new jobs as its growth continues.” 868 employees are based in the region, “a 117% increase on the bank’s original 2020 pledge to hire 400.” As mentioned… Read More

May 10, 2022 @ 11:14 pm By Omar Faridi  |  

HCL Technologies UK Limited, a wholly owned subsidiary of HCL Technologies, an international tech firm, has entered an agreement for the acquisition of Confinale AG, a Switzerland-headquartered virtual banking and wealth management consulting specialist and Avaloq Premium Implementation Partner. Via this key acquisition, HCL will… Read More

May 2, 2022 @ 6:04 pm By Omar Faridi  |  

C6 Bank clients are now able to use Samsung Pay in order to make purchases “without the physical card.” C6 Bank customers can now “register their C6, C6 Platinum, C6 Carbon and C6 Business cards in Samsung Pay.” Samsung’s service “allows users to make contactless… Read More

April 29, 2022 @ 8:14 am By Omar Faridi  |  

Varo Bank, N.A., which claims to be the first all-digital, nationally chartered bank in the US, has announced the appointment of Spencer Rascoff, Co-Founder and former CEO of Zillow to Varo’s Board of Directors. Rascoff joins Varo’s Board to continue “to scale Varo, a one-of-a-kind… Read More

April 25, 2022 @ 10:32 pm By Omar Faridi  |  

WeLab Bank, the virtual bank dedicated to “curating intelligent banking experience,” has reportedly become the “first” digital bank in Hong Kong licensed “to offer digital wealth advisory services.” Having obtained the Type 1 (Dealing in securities) and Type 4 (Advising on securities) licenses from the… Read More

April 25, 2022 @ 12:42 am By Omar Faridi  |  

Every banking platform has an “important” duty to combat financial crime, and N26 claims that it is “no different.” As a fully-regulated bank, this is “not just a responsibility, but a legal requirement for [them] to do so,” the N26 team noted in a blog… Read More

April 22, 2022 @ 9:47 am By Omar Faridi  |  

Neobank MyInvestor has reportedly reached €2 billion in volume, which “doubles the 1 billion euros registered in March 2021, consolidating its position as the largest Spanish fintech by volume.” Now serving more than 110,000 customers, MyInvestor also has “an investment balance (funds, plans and portfolios)… Read More

April 11, 2022 @ 10:30 pm By Omar Faridi  |  

Hong Kong – ZA Tech Global Limited, a Singaporean tech venture founded by ZA International and backed by Softbank’s Vision Fund 1, has become “the latest strategic partner to collaborate with Aladin Bank as an investor and a business partner, and is fully committed to… Read More

April 10, 2022 @ 5:29 pm By Omar Faridi  |  

Generali Hong Kong and Hong Kong’s “No.1” virtual bank – ZA Bank recently announced the commencement of their bancassurance partnership. This partnership is “the first of its kind in Hong Kong between a well-established global insurer and a leading virtual bank in the city, with… Read More

March 6, 2022 @ 10:17 pm By Omar Faridi  |  

BigPay, a Capital A venture firm and virtual banking platform, announced the introduction of its all-digital loans issued by “BigPay Later”, which is a wholly owned subsidiary operating within the group and a digital money lending license holder. The personal product provided by BigPay Later… Read More

February 27, 2022 @ 7:34 pm By Omar Faridi  |  

C6 Bank clients who have a global account with a US dollar or Euro balance are now able to withdraw cash from Chase ATMs free of charge beginning on February 24, 2022. The ATM network is available in the US and has over 16,000 units… Read More

February 27, 2022 @ 6:21 pm By Omar Faridi  |  

Pakistan’s NayaPay Pvt. has reportedly acquired $13 million in early-stage capital as it aims to onboard consumers who an underbanked or financially underserved. The Karachi-headquartered Fintech firm’s seed round has been led by Zayn Capital, MSA Novo and Silicon Valley’s early-stage investor Graph Ventures, CEO… Read More

February 27, 2022 @ 3:16 pm By Omar Faridi  |  

Custodia is reportedly the first US digital asset bank that has been built on a modern core banking platform. Avanti Financial Group, Inc. recently announced their new name, Custodia Bank, Inc., as “a countdown to the launch of the first-of-its-kind digital asset bank.” Custodia Bank… Read More

February 15, 2022 @ 5:08 pm By Omar Faridi  |  

BBVA (NYSE: BBVA) has reportedly agreed to invest $300 million (around €263 million) in Neon, a Brazilian digital bank founded in 2016 that aims “to improve access to financial services for individuals, self-employed and small businesses in its country.” Neon claims 15 million registered accounts…. Read More

February 6, 2022 @ 3:17 pm By Omar Faridi  |  

Four managers working at Germany’s digital bank N26 are reportedly being investigated by public prosecutors regarding suspicions about (allegedly) fraudulent client accounts, the Handelsblatt newspaper confirmed on Friday (February 4, 2022). Criminals or bad actors have been suspected of opening a fairly large number of… Read More

January 29, 2022 @ 4:59 pm By Omar Faridi  |  

The ICICB Group claims that it has an established track record of launching innovative businesses and propositions with consistency. The Group is known for reviewing the scope of possibilities, from initial strategy to technical development. As mentioned in an update shared by the ICICB Group,… Read More