Articles with tag: digital banks

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Australia-based Airwallex secures a total of USD 200 mln in Series D

30 Sep 2020 | Payments General

Payments and banking group Airwallex has extended its latest funding round by another USD 40 million, taking the company to a Series D funding round of USD 200 million, according to AltFi.

Australia, Airwallex, series D, payments, banking, fintech, digital banks, alternatie lenders, banking services, payments processing, currency exchange, Skip Capital, Tencent, Salesforce Venture, Sequoia Capital China

Bank Negara adopts balanced approach for digital banks

11 Sep 2020 | Online & Mobile Banking

Bank Negara Malaysia has adopted a balanced approach to enable the admission of digital banks with strong value propositions and the ability to preserve the integrity and stability of the financial system, said Deputy Finance Minister II Mohd Shahar Abdullah.

Bank Negara, digital banks, bank licensing, Malaysia

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

Slow banking websites are less secure, 1 of 3 British consumers think

26 Aug 2020 | Online & Mobile Banking

UK-based Uswitch has analysed British consumers' perceptions of slow websites and tested brands in banking, as well as digital brands.

British, banking websites, consumers, Uswitch, TSB, Lloyds, Barclays, Natwest, Monzo, Starling, Revolut, digital banks, banking brands, digital brands, interactive, big banking, user experience

Amid pandemics, consumer confidence in banks remains stable, Toluna research reveals

25 Aug 2020 | Online & Mobile Banking

Toluna, a consumer insights company, has released its Financial Services Sentiment Indicator, which is a quarterly study exploring key financial services issues in the UK and the consumers they serve.

study, neo banks, digital banks, bank branches, financial services, online banking, mobile apps, virtual payment cards, cryptocurrency, video chat, Toluna

Standard Chartered enabled to run more places of business in Singapore

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

The Monetary Authority of Singapore (MAS) has enabled Standard Chartered Bank Singapore (SCBSL) to run more places of business (POBs) as a Significantly Rooted Foreign Bank (SRFB).

Standard Chartered, SRFB, Singapore, The Monetary Authority of Singapore, MAS, Chartered Bank Singapore, SCBSL, Significantly Rooted Foreign Bank, banks, POBs, digital, digital banks, banking, lender

Paymentology partners with Finartix

29 Jul 2020 | Cards

UK-based fintech Paymentology has partnered with Finartex to bring data powered payments solutions to financial institutions in Greece, South Eastern Europe, Eastern Africa, Belgium, and Luxembourg.

UK, fintech, Paymentology, partnership, Finartix, data, payments, Greece, South Eastern Europe, Eastern Africa, Belgium, Luxembourg, cloud, cards, credit cards, debit cards, prepaid cards, banks, digital banks, digital, retail banks, EMIs, transactions, AI, challenger banks, technology

UK-based fintech Paymentology expands Middle East digital banking offering

06 Jul 2020 | Online & Mobile Banking

Cloud-based payment processor Paymentology has announced the expansion of its Middle East operation to meet the projected growth of digital banking in the region.

UK, fintech, Paymentology, Middle East, digital banking, cloud-based, payment processor, digital banks, platform integration, fraud prevention, transaction approval

Funding Xchange teams up with Enterprise Nation

29 Jun 2020 | Online & Mobile Banking

Business finance aggregator platform Funding Xchange has partnered with Enterprise Nation to implement innovation in business banking.

Funding Xchange, partnership, Enterprise Nation, BCR, banking, Banking Competition Remedies, UK, Royal Bank of Scotland, technology, Enterprise Nation Finance Portal, digital banks, challenger banks, banks

NYMBUS raises USD 12 mln in funding round

10 Jun 2020 | Payments General

NYMBUS, a financial services platform, has completed USD 12 million in a financing round led by Insight Partners and Vensure Enterprises

Nymbus, financial, Insight Partners, Vensure Enterprises, SmartEcosystem, banking, cloud, digital, technology, CMR, digital banks, banks

Lunar launches money management accounts for teenagers

05 Jun 2020 | Online & Mobile Banking

Nordic challenger bank Lunar has launched accounts for teenager between 15 to 17 years old to offer help when it comes to money management.

Lunar, challenger bank, banking, banks, debit cards, cards, UK, digital banks, digital, Monzo, Starling, Revolut, Revolut Junior

Nubank reaches 25 mln customer across LATAM

03 Jun 2020 | Online & Mobile Banking

Brazil-based Nubank has reached 25 million customers, making it one of the largest independent digital banks in the world.

Brazil, Nubank, Latin America, LATAM, digital banks, banks, digital, Mexico, credit cards, cards, TCV, Tencent, DST Global, Sequoia Capital, Dragoneer, Ribbit Capital, Thrive Capital

EastWest launches its digital banking service, Komo

25 May 2020 | Online & Mobile Banking

Philippines-based EastWest Bank has launched Komo, a fully digital bank, adopting its retail banking strategy to the present times.

EastWest, Komo, Philippines, digital banks, retail banking, EastWest Rural Bank, banks, Digital Savings Account, Bangko Sentral Pilipinas, BSP

Intellect Design launches iTurmeric FinCloud delivered through IBM's public cloud

18 May 2020 | Online & Mobile Banking

India-based, Intellect Design, has introduced iTurmeric FinCloud - its future-ready, cloud-ready, API-first, microservices-based platform, being available on IBM public cloud.

Intellect Design, iTurmeric FinCloud, IBM, India, API, ISV, onboarding, banks, digital, software, digital banks

Penta opens its services to freelancers

15 May 2020 | Online & Mobile Banking

Digital bank Penta has announced its services are available to freelancers, supporting all types of businesses and legal forms.

Penta, Germany, fintech, banking, freelancers, digital banks, banks, SMBs, Finleap, SolarisBank

A look into Japan's fintech landscape - Tokyo FinTech

11 May 2020 | Online & Mobile Banking

Norbert Gehrke of Tokyo FinTech elaborates on the most important fintech trends in Japan, while highlighting the possible impact of the coronavirus pandemic on the financial services sector

Norbert Gehrke, Tokyo FinTech, fintech, Japan, coronavirus, COVID-19, economy, Tokyo, Netherlands, Switzerland, Taiwan, Sweden, cashless, payments, Germany, merchants, SMEs, Open Banking, banking, electronic payments, PISPs, AISPs, banks, APIs, Financial Services Agency, FSA, startups, digital banks, retail, Emerada, cryptocurrency, Bitcoin, Payment Services Act, PSA, Financial Instruments and Exchange Act, FIEA, security, tokens, exchange, blockchain, transactions

GoSave to launch piggy banks designed for children to save

22 Apr 2020 | Online & Mobile Banking

Australia-based GoSave has announced a partnership with banks to distribute its digital piggy banks.

GoSave, piggy banks, partnership, bank, digital banks, mobile app, hardware, fintech, Kickstarter, TechStars, Australia

UK digital banks unable to provide state funds to coronavirus-hit companies

27 Mar 2020 | Payments General

Several of Britain’s digital banks are still waiting to hear if they can offer government-backed loans to struggling small businesses damaged by the coronavirus outbreak, days after a multi-billion pound rescue scheme was launched.

UK, digital banks, neobanks, funding, coronavirus

Paymentology to power virtual bank Mox Bank

16 Mar 2020 | Online & Mobile Banking

Paymentology, a payment platform for financial services, has announced that it is the cloud card payment processor behind Standard Chartered Bank’s new virtual bank, Mox Bank.

Fintech, UK, Paymentology, digital banks, Mox Bank, Visa, Mastercard, cards, fintech, Hong Kong, Standard Chartered Bank

Digital banks had a total of 19.6 mln customers at the end of 2019 – research

26 Feb 2020 | Online & Mobile Banking

Research from consultancy Accenture has revealed that digital banks had a total of 19.6 million customers at the end of 2019, according to AltFi.

Accenture, digital banks, research, banking, UK