Articles with tag: banking licence

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N26 secures banking licence in Brazil

News | Online & Mobile Banking | 08 Jan 2021

Germany-based digital bank N26 has received a banking licence from the Brazilian Central Bank, according to AltFi.

N26, Brazil, banking licence, Nubank, Germany, Brazilian Central Bank, digital bank, digital banking, fintech, credit operations, challenger bank

Monument receives UK banking licence from the Prudential Regulatory Authority

News | Online & Mobile Banking | 09 Oct 2020

Digital bank Monument has been granted a banking licence from the Prudential Regulation Authority and the Financial Conduct Authority.

Monument, UK, digital banking, banking licence, Prudential Regulation Authority, Financial Conduct Authority

UAE and international companies apply for digital banking licences with ADGM

News | Online & Mobile Banking | 11 Sep 2020

The Abu Dhabi Global Market has received interest from several companies in the UAE, the Middle East and Asia-Pacific to establish digital banks in the emirate’s international financial free zone.

Abu Dhabi Global Market, digital banks, banking licence

UK-based fintech BABB to offer cheaper remittances

News | Payments General | 01 Sep 2020

Financial Conduct Authority (FCA)-approved payment institution Bank Account Based Blockchain (BABB) has announced plans to offer better remittances to customers.

UK, fintech, BABB, Bank Account Based Blockchain, remittances, payment institution, FCA, Financial Conduct Authority, blockchain, traditional banking, third parties, peer to peer payments, P2P payments, international fundraising, banking technology, UK bank account, payment cards, banking licence

APRA to resume issuing new banking licences

News | E-invoicing, SCF & E-procurement | 12 Aug 2020

The Australian Prudential Regulation Authority (APRA) has announced it will resume issuing new banking licences in September 2020.

APRA, banking, banking licence, Australian Prudential Regulation Authority, Australia, regulator

Viva Wallet acquires banking licence of Praxia Bank

News | Online & Mobile Banking | 05 Aug 2020

Viva Wallet has acquired the banking license of Praxia Bank after the completion of the share purchase agreement with AMC Oak.

Europe, fintech, Viva Wallet, banking, banking licence, Praxia Bank, AMC Oak, loans, ecommerce, partnership, WooCommerce, Pan-European, payments, merchants, IBAN, BIN, debit cards, cards

DayTek Capital receives Australian banking licence

News | Online & Mobile Banking | 04 Aug 2020

Australia-based neobank DayTek Capital has been awarded an Australian Financial Services Licence (AFSL) by the Australian Securities and Investments Commission

Australia, challenger bank, banks, DayTek Capital, banking, banking licence, neobank, Australian Financial Services Licence, AFSL, Australian Securities, Investments Commission, Infinity, cards, fintech, Restricted Authorised Deposit Taking Institution Licence, RADI, Australian Financial Compensation Scheme, Australian Federal, Qeensland State

Varo Money gains full regulatory approval to become a national bank

News | Payments General | 04 Aug 2020

Varo Money has been granted its national bank charter from the Office of the Comptroller of the Currency (OCC).

Varo Money, Varo Bank, financial app, financial services, fintech, US, technology, banking licence, Bancorp Bank

WeLab Bank launches virtual bank services

News | Online & Mobile Banking | 03 Aug 2020

WeLab Bank has launched of virtual banking services, making it the third virtual bank in Hong Kong to do this.

WeLab Bank, banks, banking, virtual banking, virtual banks, Hong Kong, banking licence, Hong Kong Monetary Authority, HKMA, fintech, Fintech Supervisory Sandbox, debit cards, cards, payments, Faster Payment System, numberless card, Mastercard

China approves JPMorgan's fully foreign-owned futures business

News | Payments General | 22 Jun 2020

China has approved JPMorgan’s application to operate the first fully foreign-owned futures business, according to Reuters.

JPMorgan, futures, banking, China, payments licence, banking licence, US, China, payments

Recognise, ClearBank announce partnership

News | Online & Mobile Banking | 16 Jun 2020

UK-based SME banking entrant Recognise has selected ClearBank as its banking partner for API implementation. 

Recognise, ClearBank, API, SME, UK, banking, City of London Group, financial services, SME sector, savings, banking licence, Mambu, banking platform, cloud

Tonik Financial secures USD 21 mln in Series A funding

News | Online & Mobile Banking | 15 Jun 2020

Tonik Financial has raised USD 21 million in its Series A round and will be using the funds to start its digital bank services in the Philippines. 

Phillippine, digital bank, digital, banks, Tonik Financial, Sequoia India, Point72 Ventures, Insignia, Credence, banking, banking licence, startups, retail, retail banking, loans, payments, cards

ByteDance to apply for Singapore banking licence

News | Online & Mobile Banking | 15 Jun 2020

China-based ByteDance, an internet technology company, has announced it is going to expand its services into banking by joining forces with Singapore’s Lee family.

ByteDance, partnership, Lee, Singapore, banking, banking licence, internet, technology, digital bank, OCBC Bank, Monetary Authority of Singapore, Alibaba, Ant Financial, Xiaomi, Hong Kong, China

Crypto-friendly Arival Bank is launching in beta

News | Cryptocurrencies | 05 Jun 2020

Arival Bank has announced that it is launching in beta and plans to provide banking accounts to crypto startups via its sponsor bank, Puerto Rico-based San Juan Mercantile Bank and Trust.

Arival Bank, cryptocurrency, fintech, startup, Singapore, banking licence, lending, bank account, Elliptic, AML

Revolut Business, Clear Books partner for SME accounting

News | E-invoicing, SCF & E-procurement | 21 May 2020

Revolut has partnered with Clear Books, a SME accounting software company, to integrate its Business accounts on the cloud-based platform.

Revolut Business, Clear Books, SME, cloud-based platform, invoice, automatic allocation, transactions, TrueLayer, open banking, European Banking Licence

CarNext.com selects solarisBank for online financing solution for used cars

News | Payments General | 14 May 2020

CarNext.com, a pan-European online marketplace for high-quality used cars, has teamed up with solarisBank, a Germany-based tech company with a banking license.

CarNext.com, solarisBank, online financing, banking licence, Germany, partnership

Revolut to buy technology companies hit by coronavirus pandemic

News | Online & Mobile Banking | 07 May 2020

Revolut has announced that it is looking to use some of the proceeds of its recent USD 500 million fundraising to buy technology companies that have been hit by the coronavirus pandemic.

Revolut, coronavirus, COVID-19, technology, fintech, UK, banking, banks, Lithuania, European Banking Licence, credit cards, loans

V Capital partners Cross River Bank to obtain banking licence in Malaysia

News | E-invoicing, SCF & E-procurement | 28 Apr 2020

Malaysia-based advisory company V Capital has teamed up with US-based fintech solution provider Cross River Bank to apply for a digital banking licence in Malaysia.

V Capital, partnership, Cross River Bank, digital banking, banking licence, Malaysia, fintech, technology, COVID-19, coronavirus, KKR, Shefa Capital, US

Tata Consultancy Services to launch a digital only bank in Israel

News | Online & Mobile Banking | 27 Apr 2020

India-based Tata Consultancy Services (TCS), an IT service and consulting company, has announced that it will launch an all-digital bank in Israel.

digital banking, Israel, neobank, Tata Consultancy Services, banking licence, IT, banking service, BaNCS, credit, loans

Monzo applied for US banking licence

News | Online & Mobile Banking | 24 Apr 2020

UK-based challenger bank Monzo has applied for a US banking licence so it can offer a full suite of services in US financial market.

Monzo, US, banking licence, UK, challenger bank, Office of the Comptroller of the Currency