Articles with tag: licence

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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

TransferMate expands North American regulation with Mexico licence approval

08 Sep 2020 | Online Payments

Cross-border B2B technology payments provider TransferMate has secured a new payments licence in Mexico.

National Banking and Securities Commission, TransferMate, remittance, online money transfer, online payments, money licence, e-money licence, payment technology, Mexico, Latin America

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

Global fintech platform Nium receives EMI licence in UK

01 Sep 2020 | Payments General

Nium, a global financial technology platform, has received the Electronic Money Institution (EMI) licence from the Financial Conduct Authority (FCA) in the United Kingdom to issue e-money and provide cross-border digital payment services in the UK.

Nium, fintech, financial technology platform, Electronic Money Institution, EMI licence, FCA, UK, e-money, cross-border digital payment services

Crypto exchange OSL to receive green lights from Hong Kong regulator

24 Aug 2020 | Cryptocurrencies

OSL Digital Securities, a Hong Kong-based cryptocurrency exchange, has received a landmark approval-in-principal from the Securities and Futures Commission (SFC).

OSL Digital Securities, crypto exchange, licence, Honk Kong, AML, KYC, digital assets

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

SEBA Bank to offer asset securitisation on the public Corda Network using DASL

16 Jul 2020 | Payments General

SEBA Bank, a FINMA licenced Swiss Bank, has announced plans to team up Digital Asset Shared Ledger (DASL), a liquidity network for digital assets.

SEBA Bank, FINMA licence, Swiss Bank, Switzerland, digital assets, Corda, Digital Asset Shared Ledger, DASL, tokenisation

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

UK consumers confirm shift towards digital identity during lockdown likely to be permanent

19 Jun 2020 | Digital Identity, Security & Online Fraud

Results from Nomidio’s State of Identity 2020 Analysis have revealed that 84% of respondents increased their use of digital services because of social distancing measures.

digital identity, UK, Nomidio, loan, banking, identity verification, identity proofing, passports, driving licence,

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

Estonia revokes crypto businesses licenses to crackdown on illicit financial flows

16 Jun 2020 | Cryptocurrencies

Following a USD 220 billion money-laundering scandal involving Danske Bank, Estonia has cancelled 500 cryptocurrency companies’ licenses, as part of a crackdown on illicit financial flows.

AML, crypto, Estonia, Danske Bank, crypto licences, regulators, AML, fraud prevention

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

Enfuce approved as an authorised payment institution

04 Jun 2020 | Payments General

Enfuce, a large Finland-based fintech startup, has been accredited as an authorised payment institution by the Finnish Financial Supervisory Authority (FIN-FSA).

Open Banking, PSD2, payments licence, Finland, fintech, payments, banking, ecommerce, Enfuce

Eidoo rolls out Visa-enabled crypto debit card for users in the UK and Europe

28 May 2020 | Cryptocurrencies

Eidoo, a decentralised finance (DeFi) platform, has announced the launch of a Visa-enabled crypto debit card that aims to bring crypto payments to users in the UK and Europe.

Eidoo, Contis, Visa, europe, money licence, cryptocurrency, tokens, fiat, stablecoins, decentralised finance, debit card