Tagged: virtual banking

Fintech Payfare, which Powers Instant Payout and Digital Banking for Contractors, to Add Visa SavingsEdge

Payfare Inc. (TSX: PAY), an established Fintech firm that’s powering instant payout and virtual  banking solutions for gig economy workers, is working with Visa (NYSE: V) in order to add Visa SavingsEdge to its platform, “starting with the nationwide DoorDash DasherDirect card program.” As mentioned… Read More

Monzo USA Introduces Salary Sorter Tool to Make it Easier to Manage Finances, Cover Monthly Expenses, Save Money

UK-based digital bank Monzo says that it already makes it easy for clients to manage their spending and ensures that they have funds set aside for settling bills and adding to their savings. Monzo, which is under investigation for possible money laundering activity and posted… Read More

UK based Digital Bank Starling Reveals Benefits of Pension Plans from Penfold, PensionBee

UK-based digital bank Starling has shared important information about pensions. In order to mark National Pension Awareness Week in the United Kingdom, Starling teamed up with their partners in the Starling Marketplace, PensionBee and Penfold, to help consumers gain a better understanding of pensions. As… Read More

Zopa Survey: Over 40% of UK Consumers would use Open Banking to Access Quick Loan Approvals, Improved Rates from Banks

As new lending starts to overtake the repayment boom seen during the COVID-19 crisis, research from digital bank Zopa reveals that more than 40% of UK-based consumers would make use of Open Banking to “apply for credit if it improved their chances of getting an… Read More

Contactless Biometric Verification Services Added for Pakistan’s Digital Banking, Payments Sector

The National Database and Registration Authority (Nadra) in Pakistan has added contactless biometric verification services for the nation’s banking and payments sector, making the Asian nation one of the first in the world to introduce the tech on a State-wide level. As first reported by… Read More

Digital Banking Solution Provider Apiture Completes Live Oak Bank’s Migration to Updated Platform

Apiture, a provider of virtual banking services, reveals that it has completed Live Oak Bank’s retail bank migration to Apiture Open. After the deployment of Live Oak Bank‘s business banking experience using Apiture Open last year, the banking institution had further expanded the relationship to… Read More

Digital Banking Platform to be Launched by Standard Chartered and Singapore’s NTUC

Standard Chartered (LON: STAN) is partnering with Singapore-based National Trades Union Congress (NTUC) in order to establish an all-digital banking platform. Standard Chartered subsidiary SCBSL will reportedly be providing SGD 144 million for 60% of the joint initiative, with NTCU-controlled BetaPlus retaining the other 40%… Read More

UK’s Digital Bank Starling Now Claims 2.4M Open Accts, 400K Business Accts, £4B in Deposits

UK-based digital bank Starling notes that as the summer months are ending, they’ve shared some of their recent highlights. Starling now has over 2.4 million open accounts, which reportedly include more than 400,000 business accounts. As mentioned in a blog post by Starling, dated September… Read More

Digital Banking Platform Revolut Now Live in 13 EU Nations, Company Continues to Expand, Add New Features

Digital bank Revolut notes that if you’re looking for more security and more innovative products, then you should consider joining their platform. Revolut Bank is currently live in 13 European Union nations and they continue adding new countries to the list, the Fintech Unicorn confirmed… Read More

Australia’s Neobank Volt Partners Crypto Exchange BTC Markets to Streamline Digital Asset Investments

Australia’s neobank Volt has teamed up with virtual currency exchange BTC Markets (BTCM) in order to offer BTCM and its clients with improved speed, stability, and confidence when investing in crypto-assets, facilitated by Volt’s banking-as-a-service (BaaS) platform. The partnership will offer integrated banking capabilities to… Read More

Digital Banking for Young Clients to be Offered by Abu Dhabi Islamic Bank or ADIB

Abu Dhabi Islamic Bank (ADIB), an Islamic financial institution, reveals that it has introduced “Amwali,” which is an Islamic digital proposition meant for youth between the ages of 8 to 18. Amwali is described as a unique proposition that aims to bring together a suite… Read More

Vietnam based Virtual Bank Cake Selects Mambu as Cloud Banking Service Provider

Vietnam-based virtual bank Cake reveals that it has chosen Cloud banking service provider Mambu in order to scale its business operations towards providing a comprehensive range of digital banking solutions. As noted by its management, Cake is a “lifetime free digital bank with a mission… Read More

Updated Digital Banking Framework Introduced by Indonesia’s Financial Services Authority

Virtual banks in Indonesia must have minimum paid-up capital of IDR 10 trillion (appr. $694 million). But the capital deposit needed when submitting an application is only IDR 3 trillion. Indonesia’s OJK (Financial Services Authority), the nation’s financial regulator, has shared an update to its… Read More

Small Business Banking Fintech Novo Appoints Experienced Executives Dani Lima, Peter Martinez

Novo, the powerful small business banking platform, reveals that it has appointed Dani Lima to serve as Executive VP of Revenue and Strategy, and Peter Martinez will be working as the firm’s Director of Engineering. Today, many small business owners in the US spend a… Read More

Digital Banking: Australian Smart Bank 86 400 Shares Updates Aimed at Putting Homebuyers on Financial Fast-Track

Australia’s first “smartbank,” 86 400, reveals that it has introduced a new 85% Loan to Value Ratio (LVR) tier for Owner Occupied, Principal and Interest home loans, and has now “removed the need to pay Lenders Mortgage Insurance (LMI) with a 15% deposit/equity, knocking thousands… Read More

Hong Kong based Virtual Banking Platform WeLab Bank Reports Solid Growth and Adoption of Digital Financial Services

WeLab Bank, a digital bank that’s licensed by the Hong Kong Monetary Authority (HKMA), is celebrating its first anniversary with solid results. Since it began offering services in July 2020, WeLab Bank claims that it has raised “public expectations” of banking services with the launch… Read More

Hong Kong Monetary Authority Executive Director Reveals how They’re Protecting Consumers from Emerging Threats

In a keynote speech that focused on fraud and financial crime at a conference in Asia, Carmen Chu, Executive Director (Enforcement and AML), Hong Kong Monetary Authority, discussed anti-money laundering and financial crime risk issues and the ability of authorities to address these problems. While… Read More

Banking Software Firm Temenos Introduces Next-Gen Digital Banking with its Infinity Micro Apps

Temenos (SIX: TEMN), the banking software firm, brings to market the next-gen in virtual banking with Temenos Infinity Micro Apps. Temenos Infinity Micro Apps are now able to provide packaged business capabilities (PBC), for banking platforms to quickly develop customized digital customer experiences by adding… Read More

Global Card Issuing Platform Marqeta to Help Expand Reach of Payfare’s Payout Services to Gig Economy Sector

Marqeta (NASDAQ: MQ), the global modern card issuing platform, and Payfare (TSX: PAY), a Fintech firm focused on offering instant payout and digital banking services for contract professionals, have formed a new partnership in order to expand the reach of Payfare’s platform to the fast-evolving… Read More

Walmart and Fintech Green Dot Reveal that Walmart MoneyCard Is Now Offered as Demand Deposit Account

Walmart (NYSE: WMT) and Green Dot (NYSE: GDOT) recently revealed that the Walmart MoneyCard that’s issued by Green Dot Bank is now being provided as a demand deposit account (DDA) – which may be better equipped to assist Walmart clients with saving more money and… Read More

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