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US-based payment processing company Stripe has announced that its application for a Merchant Acquirer Limited Purpose Bank (MALPB) charter was accepted by the state of Georgia’s Department of Banking and Finance.
fintech, transactions , banking, digital banking, financial services
Fintech company Block has announced its plans to provide its Cash App solution as a banking option for US consumers.
banking, digital banking, fintech, lending, financial services
Financial platform Airwallex has mapped out plans to pursue banking licences in the UK and US, with the company aiming to scale its operations into lending.
banking license, expansion, fintech, digital banking, financial services
The Church of Greece has prepared to apply for a banking licence, aiming to open its own digital bank within the coming months.
digital banking, banks, banking license, financial services, product launch
KCB Group has announced its acquisition of a majority stake in Riverbank Solutions Limited, aiming to accelerate its digital footprint and MSMEs customer value proposition.
acquisition, banking, digital banking, financial services
IncredibleBank, a digital community bank, has teamed up with Alloy, an identity and fraud prevention platform, to optimise service efficiency and foster growth.
banking, fintech, partnership, digital banking, fraud management
Fintech company Mercury has announced that it obtained USD 300 million in a Series C investment round from existing and new investors.
investment, funding, banking, fintech, digital banking
Credit Union 1 has chosen nCino’s banking solutions to improve its commercial, consumer, and indirect lending services.
partnership, lending, digital banking, financial services, financial institutions
Chime has introduced Instant Loans, providing access to up to USD 500 at a fixed interest rate that is lower than the industry average.
banking, fintech, payments , digital payments, digital banking
UK-based NatWest Group has partnered with OpenAI to support bank-wide simplification and improve customer experience.
ethics, artificial intelligence, partnership, digital banking, banks
Telr, a payment service provider in the MENA region, has secured a Retail Payment Services Licence from the Central Bank of the UAE.
payment processing, payments , ecommerce, digital banking, transactions
UK-based digital banking unicorn OakNorth has announced that it proceeded with the acquisition of US-based Community Unity Bank.
acquisition, expansion, digital banking, online banking, financial services
Iulia Mușat, Junior News Editor at The Paypers, shares insights into the impact of Synapse Financial Technologies’ bankruptcy on its partners, who are now dealing with the aftermath.
fintech, banking, online banking, digital banking, financial services, financial institutions, BaaS, banks
The European Banking Authority (EBA) has announced the launch of a public consultation on the activity threshold for Central Securities Depositories (CSDs).
regulation, risk management, banking, digital banking, financial services
Monzo has announced that they will no longer have a waitlist for their Under 16s product allowing eligible parents or guardians to register their children.
banking, fintech, digital banking, digital payments, bank account
The Nordic challenger bank Lunar has launched Lunar Youth, a kids and teens banking app, to expand its offering and customer base in the Nordic region.
product launch, digital banking, product upgrade, expansion, banks
Lithuania-based myTU, an automated digital bank, has announced that it obtained EUR 10 million in a Series A funding round completed by existing shareholders and two new investors.
investment, funding, expansion, fintech, financial services, digital banking
US-based WSFS Bank has entered into a collaboration with Greenlight Financial Technology to offer a banking solution for kids, teenagers, and families.
partnership, financial services, digital banking, online banking, fintech
International banking group UniCredit has announced that it acquired the whole share capital of Aion Bank and Vodeno after receiving approvals from all relevant authorities.
acquisition, digital banking, online banking, expansion
Alkami Technology has announced that that American Eagle will use its cloud-based digital banking platform to improve innovation and user experience.
banking, fintech, partnership, digital banking, digital platform