Articles with tag: banking licence

Found 38 results in 184 milliseconds.

Monument receives UK banking licence from the Prudential Regulatory Authority

09 Oct 2020 | Online & Mobile Banking

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

11 Sep 2020 | Online & Mobile Banking

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

01 Sep 2020 | Payments General

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

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

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

05 Aug 2020 | Online & Mobile Banking

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

04 Aug 2020 | Online & Mobile Banking

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

04 Aug 2020 | Payments General

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

03 Aug 2020 | Online & Mobile Banking

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

22 Jun 2020 | Payments General

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

16 Jun 2020 | Online & Mobile Banking

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

15 Jun 2020 | Online & Mobile Banking

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

15 Jun 2020 | Online & Mobile Banking

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

05 Jun 2020 | Cryptocurrencies

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

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

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

14 May 2020 | Payments General

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

07 May 2020 | Online & Mobile Banking

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

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

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

27 Apr 2020 | Online & Mobile Banking

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

24 Apr 2020 | Online & Mobile Banking

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

UK digital challenger bank Rizq aims to launch mid-2020

17 Apr 2020 | Payments General

Rizq, a UK-based Islamic digital challenger bank, has announced plans to launch this summer, Akmal Saleem, the fintech’s co-founder and CEO, told Salaam Gateway.

Rizq, challanger bank, Financial Conduct Authority, banking licence, account, debit card, credit card, digital challenger, Islamic digital challenger bank, UK