Articles with tag: banking license

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Revolut to apply for local bank charter in the US

13 Oct 2020 | Online & Mobile Banking

UK-based Revolut has revealed its intentions of applying for a banking license in California, seeking to become a regulated bank.

Revolut, UK, US, banking license, bank charter, digital banking, bank charter, brick and mortar bank, California Division of Financial Institutions

Société Générale to acquire challenger bank Shine

01 Jul 2020 | E-invoicing, SCF & E-procurement

Société Générale has announced acquiring France-based startup Shine for around EUR 100 million in an all-cash deal.

Société Générale, freelancer, challenger bank, banks, Shine, France, startups, Daphni, Kima Ventures, XAnge, freelancers, debit cards, cards, invoices, banking license

Oxbury, ClearBank partner to provide banking solutions to British farmers

01 Jul 2020 | E-invoicing, SCF & E-procurement

UK-based fintech Oxbury has selected ClearBank’s cloud-based banking platform to gain full access to the UK payment schemes.

Oxbury, ClearBank, banking, banking license, cloud banking platform, fintech, payments, lending, Barclays, HSBC, Lloyds, Royal Bank of Scotland, farm business, Oxbury Bank Platform, API, OxP, Oxbury Farm Credit

Apian raises EUR 11.5 mln in Series A funding

06 May 2020 | Online & Mobile Banking

Switzerland-based challenger bank, Alpian, has closed a Series A funding round worth EUR 11.5 million. 

Switzerland, fintech, startup, Apian, challenger bank, banking license, Swiss Financial Market Supervisory Authority, FINMA, digital, disruptive technology

Falcon Private Bank could lose Swiss banking license

29 Apr 2020 | Payments General

Switzerland-based Falcon Private Bank has announced that it may lose its Swiss banking license following its connection to the 1MDB scandal.

Falcon Private Bank, Switzerland, banking license, 1MDB, Financial Market Supervisory Authority, money laundering, transactions, Singapore, Hong Kong

Grab, Razer, AirAsia, Axiata, and CIMB consider digital banking licensing in Malaysia

27 Jan 2020 | Online & Mobile Banking

Grab, Razer, AirAsia, Axiata and CIMB have expressed the intentions of apply for digital banking licences in Malaysia, according to Reuters.

Grab, Razer, AirAsia, Axiata, CIMB, digital banking, banking license

UK-based digital bank Vive acquires banking license from Bank of England

24 Jan 2020 | Online & Mobile Banking

Vive, a newly established UK-based digital bank, has reportedly acquired a banking license with certain restrictions from the Bank of England (BoE).

Digital bank, Vive, banking, Bank of England, banking license, payments, app

Ant Financial applies for digital banking license in Singapore

03 Jan 2020 | Online & Mobile Banking

China-based Ant Financial, an affiliate of ecommerce giant Alibaba Group, has joined the race for a digital banking license in Singapore, Business Standard reports.

Ant Financial, Singapore, China, digital banking, ecommerce, banking license, Monetary Authority of Singapore

Razer to apply for digital banking license in Singapore

03 Jan 2020 | Online & Mobile Banking

Gaming company Razer has announced it is leading a consortium of companies applying for an online bank license in Singapore, Reuters reports.

Razer, gaming, online banking, fintech, banking license, Singapore

Malaysia's central bank to issue up to 5 digital banking licenses

03 Jan 2020 | Payments General

Malaysia’s central bank is set to issue up to five digital banking licenses to qualified applicants looking to conduct either conventional or Islamic banking businesses in the country, according to Tech in Asia.

Malaysia, central bank, digital banking, banking licenses

Tencent builds virtual bank after receiving Hong Kong license

12 Nov 2019 | Online & Mobile Banking

Tencent has announced opening a blockchain-based virtual bank after the Hong Kong Securities and Futures Commission approved a new license.

Tencent, Hong Kong, blockchain, Hong Kong Securities and Futures Commission, Commerce Bank of China, ICBC, SFC, virtual bank, digital bank, online banking, banking license,

Bitwala allows Bitcoin bank accounts in 31 European countries

05 Sep 2019 | Cryptocurrencies

Bitwala has launched a new app, which will enable users to open a German bank account with an integrated Bitcoin wallet, via their smartphones.

Bitwala, launch, Bitcoin, bank accounts, Europe, cryptocurrency, digital assets, trading fee, fintech, banking license, crypto assets

Payseras vision: a world where electronic payments have no boundaries – interview with Kostas Noreika

04 Jul 2019 | Interviews

One of Paysera’s founders and main shareholders, Kostas Noreika, talks about the company’s journey so far and how it strives to innovate B2B electronic payments

Paysera, Kostas Noreika, ecommerce, electronic payment, e-money license, transfers, IBAN, accounts, transfers, European Economic Area, online payments, banking license, fintech, mobile app, bill splitting, savings, debit card, banks, financial institutions

Singapore to issue five new digital banking licenses

01 Jul 2019 | Payments General

The Monetary Authority of Singapore (MAS) aims to issue up to five new digital banking licenses, which will be extended to non-bank players.

Monetary Authority of Singapore, MAS, banking licenses, Singapore, loans, SMEs

Revolut gets European banking license via Lithuania

13 Dec 2018 | Payments General

Revolut, the UK-based financial technology startup, has obtained a European banking license, with plans to launch checking and savings accounts as well as retail and business lending.

Revolut, banking license, Europe, Lithuania, business lending, Bank of Lithuania