Tagged: virtual banking

Neobanking Platform Migom to Offer Virtual Banking and Support for Crypto-Assets

In the Caribbean, a new neobanking platform has been introduced. It aims to offer all the features provided by digital banking platforms along with support for crypto-assets. As mentioned in an announcement, neobank Migom offers banking services to SMEs operating in emerging markets. Migom Bank‘s… Read More

Fintech Firm Monzo Explains How Consumers May Access their Services in the US, After N26 Announces Exit

Mobile banking app N26 recently confirmed that they’re getting ready to close down all US accounts in January 2022. As noted in a blog post by UK-based Fintech Monzo, this decision has “left many customers looking for a replacement that offers easy mobile banking, low… Read More

Digital Banking Provider Bankjoy Introduces Powerful Business Banking Platform

Digital banking provider Bankjoy has announced the launch of its business banking platform, empowering its customers with the best tools to “help attract and drive loyalty among small businesses within their communities.” Recently surpassing 1 million members with access to its platform, Bankjoy’s virtual banking… Read More

Digital Banking: Australia’s Westpac Brings Enhanced Mobile App to Android Clients

Westpac is bringing its enhanced mobile app to Android clients, as the COVID-19 outbreak continues to accelerate the adoption and usage of virtual banking services. The app from Westpac makes it quicker, convenient, and a lot more secure for clients to effectively manage their funds,… Read More

Virtual Banking: Credit Suisse All-Digital Bank CSX Onboards 100,000 Clients in First Year of Operations

Credit Suisse (SWX: CSGN) has revealed that the use of its all-digital platform has increased significantly since its launch in October of last year. Although not only about private banking, the numbers shared by Credit Suisse indicate a key trend now that’s taking hold in… Read More

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

Starling Bank Reports that 43% of UK’s Small Businesses Say their Performance Is Back to Pre-COVID Levels

UK-based digital bank Starling reveals that two-fifths of small businesses (43%) report that their performance is back to pre-COVID levels, with almost a third (30%) “stating they are performing better than they were in February 2020.” The research from Enterprise Nation and Starling Bank reveals… Read More

Supply Chain Finance Tech Platform, Linklogis, Establishes Singapore Office

One of Asia’s most established supply chain finance tech solution providers, Linklogis, has announced that it has launched a branch office in Singapore. The new office aims to support Linklogis’ plans to open a virtual bank in Singapore in early 2022, by using the digital… Read More

Digital Banking: National Bank of Kuwait Introduces Weyay, a Fintech App for Younger Consumers

The National Bank of Kuwait has introduced Weyay, which is reportedly the Middle Eastern country’s first completely digital bank (will focus on serving younger clients). At present, the Fintech and virtual banking app is in beta testing and has been introduced at the pre-registration stage…. Read More

Digital Transformation: Saigon Commercial Bank Selects BPC to Streamline Virtual Banking Operations

Saigon Commercial Bank (SCB) has announced that it has selected BPC as its solution partner in Vietnam, which should accelerate digital transformation in the nation’s fast-growing banking sector. Using BPC’s SmartVista Platform for switching and Card Management system, SCB can offer hyper-personalized services for clients… Read More

Fintech Payfare and DoorDash Announce Instant Access to Earnings for US Delivery Drivers via DasherDirect

DoorDash (NYSE: DASH) and Payfare (TSX: PAY) have announced instant access to earnings for DoorDash delivery drivers across the US through DasherDirect. As mentioned in the announcement, DasherDirect is a financial platform and virtual banking solution for Dashers that is being powered by Payfare. Via… Read More

Brazil based Digital Banking Fintech Nubank Expands Digital Commerce Services

Brazil-based virtual banking Fintech Nubank has partnered with several different retailers in order to add a digital commerce section to its app. At the time of launch, Nubank‘s clients in Brazil can start shopping at retailers like AliExpress, Dafiti and Magalu via the app, with… Read More

Mobile Banking Apps Could be Next Battlefield for Hong Kong based Digital Banks: Survey

The Mobile Banking Benchmark 2021 survey reveals that Hong Kong-based digital banks Mox and Livi stood out as the leading local platforms, though there’s overall a gap between Asian and European service providers. The survey has been carried out by management consulting company Sia Partners… Read More

UK based Digital Bank Starling Acquires £1B Mortgage Loan Book from Kensington Mortgages

UK-based digital banking platform, Starling Bank has reportedly acquired a mortgage book valued at about £1 billion as the Fintech tries to challenge the United Kingdom’s established banks. Starling Bank has reportedly obtained the home loans portfolio from Kensington Mortgages, which offers financing for clients… Read More

Switzerland based Digital Banking Challenger YAPEAL Acquires License Extension from FINMA

Switzerland’s digital challenger bank YAPEAL reveals that the Swiss Financial Market Supervisory Authority (FINMA) has granted it a license extension in order to provide cross-border services to international clients. As mentioned in the announcement, the services include national payments, cross-border  transfers, a Visa debit card… Read More

Digital Bank Revolut Provides Update on Flare Networks Songbird Token Airdrop for XRP Holders

The team at UK-based digital bank Revolut notes that in December 2020, they had published a blog post to let clients know that if they were holding any XRP tokens in their Revolut accounts at midnight UTC on December 12, 2020, then they would qualify or… Read More

Digital Transformation: Standard Chartered Leverages SAP Multi-Bank Connectivity Cloud Service for Corporate-to-Bank Integration

Standard Chartered (LON: STAN) has reportedy tapped the SAP Multi-Bank Connectivity solution and has also joined as a member bank, “aiming to offer an enhanced experience to corporate clients in meeting their transactional banking needs, simplifying the onboarding process, and delivering both traditional and new… Read More

Moven Partners with Australia’s Banking Info and Communications Tech Integrator, Nixil

Moven is pleased to confirm that it has entered into a partnership with Australia’s banking Information and Communications Technology (ICT) integration provider, Nixil Pty Ltd, with the aim of establishing a footprint in the fast-evolving virtual banking space that is “opening up in the region.”… Read More

MX Completes Integration with Q2’s Virtual Banking Platform

MX, the financial data platform and leader in modern connectivity, has announced its integration with Q2 Holdings, Inc. (NYSE: QTWO), a provider of digital transformation solutions for banking and lending, via Q2’s Partner Accelerator Program, which is reportedly a part of Q2 Innovation Studio. Via… Read More

Hong Kong’s Virtual Banking Platform, ZA Bank, Upgrades Loan Service

Hong Kong’s leading digital banking platform, ZA Bank, announced this week that starting from November 4, 2021, new users are able to get their loan application approval results  “instantly via ZA Bank’s official website, enjoying a seamless and convenient digital finance experience.” As mentioned in… Read More

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