Tagged: virtual banking

Gulf Energy Leads Bid for Thailand’s Virtual Bank License

Thailand energy conglomerate Gulf Energy Development Plc is teaming up with telecommunications powerhouse Advanced Info Service Plc (AIS) and the esteemed Krungthai Bank Plc (KTB) to enter the burgeoning field of virtual banking in the country. According to a report by The Nation, this collaboration… Read More

Bank Muamalat in Malaysia Adopts Google Cloud Infrastructure to Enable Digital Islamic Banking Services

Bank Muamalat Malaysia Berhad (Bank Muamalat) announced a multi-year collaboration with Google Cloud to accelerate its transformation into a leading digital Islamic bank. This collaboration aims to leverage Google Cloud’s integrated capabilities in modern infrastructure, data analytics, security, and generative AI (gen AI) to “deliver… Read More

Tonik Digital Bank in the Philippines Announces Significant Leadership Transition

Tonik Digital Bank Inc. (TDB), the digital bank in the Philippines, announced a significant leadership transition. Long Pineda, President of TDB, will be retiring from her executive role and will “assume the position of non-executive Chairman of the Board of Directors of TDB.” In her… Read More

US Consumer Fintech Chime Shares End of Year Highlights, Remains Focused on Improving CX

At Chime, they claim to firmly believe that their members’ experience with our products is at the core of their success. That’s why Chime claims it continuously goes the extra mile “by investing in simple, beautiful, easy experiences that allow their members to control their… Read More

Digital Transformation: First Bank Now Live on Backbase Engagement Banking Platform

Backbase, the global enabler of Engagement Banking, announced St. Louis-based First Bank is live on the Backbase Engagement Banking Platform, powering the bank’s transformation strategy to offer a seamless, digital-first experience to its customers. First Bank chose Backbase for its centralized platform, “enabling the integration… Read More

Ubank, Australia’s Digital Bank, Is Continuing to Serve Tech-Savvy Demographic

Ubank says tha tcontinues to innovate for the digital generation. Ubank is announcing a new, upcoming app and service features “to help the digital generation reach their financial goals sooner.” Ubank, Australia’s digital bank, is continuing “to serve Australia’s tech-savvy demographic.” With strong customer growth… Read More

Digital Banking: AMP to Use Engine by Starling to Launch Virtual Bank for Small Businesses

AMP will be launching a digital bank division built specifically “for the transaction needs of sole traders and small business.” AMP will work with Engine by Starling, the SaaS subsidiary of UK digital bank, Starling Bank Limited, allowing it to leverage: Starling’s ‘Engine’ technology platform,… Read More

European Digital Bank N26 to Cease Operations in Brazil

  European digital bank N26 has recently announced the decision “to discontinue its test phase in Brazil and wind down its operations in the market.” The decision underscores N26’s strategy to “focus on its core European markets as it further strengthens its position as Europe’s… Read More

UAE’s Digital Bank Liv Introduces Instant Personal Loans without Fees via Fintech App

Liv, UAE’s digital bank launched by Emirates NBD, a banking group in the MENAT region, has launched a new digital offering. Till the end of 2023, eligible Liv customers can benefit from instant personal loans without any fees via the Liv app. The digital bank… Read More

UK’s Digital Bank Tandem Takes a Fintech “Leap” with New London Office

UK’s “greener” digital bank Tandem has committed to a new office in London, “reconfirming its commitment to the UK’s fintech capital.” The new site, located in 10 Bloomsbury Way, London WC1A 2SL “offers an excellent location with facilities and infrastructure, enabling Tandem to add yet… Read More

UK’s Digital Bank Tandem Appoints James Streeter as Head of ESG, Supporting Drive to Prioritize Sustainability

Tandem, the UK’s greener digital bank, has appointed James Streeter as Head of ESG, supporting its drive to keep sustainability at the core of Tandem. In this newly created role, James will aim to “set the environmental, social and governance (ESG) strategy for Tandem; taking… Read More

Revolut Introduces Updated Version of Fintech App for 35M Global Clients

Digital bank Revolut has introduced the updated version of its app — Revolut 10 — for its 35 million+ international clients. Revolut noted that clients had asked for all things money made easy, so they challenged themselves to see how easy they could make Revolut… Read More

Revolut Remains Focused on Obtaining UK Banking License, Agrees to Share Deal with Softbank – Report

Digital bank Revolut has reportedly made a deal with primary backer SoftBank on a change to the latter’s shareholding, a strategic move that will clear away a significant barrier in the fintech firm’s pursuit of a UK banking license. The Bank of England’s Prudential Regulation… Read More

Digital Bank Grasshopper Announces Accelerator Checking to Support Startup Banking Capabilities

Grasshopper, the “client-first” digital bank built for the business and innovation economy, today announced the launch of Accelerator Checking, an operating account and partnership ecosystem designed to serve a wide range of startups. Accelerator Checking further drives Grasshopper’s mission of “supporting the innovation economy, of… Read More

Brazil’s Digital Banking Platform Nubank to Support Research Initiatives at Local Universities

Nubank (NYSE:NU), which claims to be one of the largest digital financial services platforms, announces NuFuturo, an ecosystem developed in partnership with Federal Universities in Brazil to accelerate careers in technology and foster innovation. The initiative encourages the development of research “related to the fields… Read More

Digital Bank Monzo Makes Enhancements to Gambling Block Feature

Digital bank Monzo notes that gambling charity GamCare has revealed that more people are reaching out for support with problem gambling this year than ever before. Back in June 2018 Monzo claims that it “became the first bank to let you block gambling spending from… Read More

Digital Banking: Starling Bank Raises Fixed Saver Interest Rates

Starling Bank is raising the interest rate on its 1-Year Fixed Saver from 5.25% to 5.53% AER/Gross. Effective from Thursday 21 September 2023, Starling Bank customers “choosing the Fixed Saver will receive a return of 5.53% on balances of £2,000 – £1 million locked in… Read More

Neobank Dave Appoints Joan Aristei as Chief Legal Officer

Dave Inc. (Nasdaq: DAVE), one of the nation’s leading neobanks, announced that John Ricci, General Counsel, will retire on September 29, 2023. Joan Aristei has been “named Chief Legal Officer, effective September 25, 2023.” Previously serving in both private and public sectors during his nearly… Read More

UK’s Digital Bank Zopa Secures £75M, Exceeds 1M Customers

Digital bank Zopa has raised £75 million ($95m) in Tier 2 capital in order “to further accelerate its growth, supporting its vision to become Britain’s best bank.” The funding will ” fuel Zopa’s continuous growth and expansion.” It brings the total capital raised by Zopa… Read More

European Digital Bank N26 Appoints CPO Gilles BianRosa to Supervisory Board

Digital bank N26 announced that it will be appointing Chief Product Officer Gilles BianRosa to the Supervisory Board of N26 AG. Gilles BianRosa has held “the position of Chief Product Officer at N26 since 2021, and will transition to his new board role in the… Read More

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