Category: Banking
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Hank Payments partners with FinWise Bank
Hank Payments, a leading financial technology company, has announced a strategic partnership with FinWise Bank, a rapidly growing community bank. What does this partnership mean? Through this partnership, Hank Payments will be able to offer its customers a wider range of banking services and products, including loans, savings accounts, and more. FinWise Bank, on the…
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TikTok launches a data portability API for compliance purposes
Recently, social media platform TikTok announced the launch of a new data portability API that will allow users to easily transfer their data to other platforms. This move comes in response to increasing demands for transparency and data privacy from users, as well as regulatory requirements for data portability. What is data portability? Data portability…
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Papara to acquire T-Bank
It has been announced that Papara, the leading digital wallet and payment platform in Turkey, is set to acquire T-Bank, a prominent bank in the country. This acquisition marks a significant milestone for both companies and is expected to have a major impact on the financial services industry in Turkey. What does this mean for…
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Mastercard and First Abu Dhabi Bank announce long-term global partnership
Mastercard and First Abu Dhabi Bank (FAB) have officially announced a long-term global partnership that aims to enhance the digital banking experience for customers around the world. This strategic collaboration will leverage the strengths of both organizations to innovate and deliver cutting-edge financial solutions to consumers and businesses. As part of the partnership, FAB will…
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Ebury to look at GBP 2 billion valuation in London listing
Ebury, a financial services company specializing in trade finance and currency services, is reportedly considering a London listing that could value the company at GBP 2 billion. This move comes as Ebury seeks to capitalize on the booming fintech sector and attract investors looking to capitalize on the growth of digital banking and payments. Founded…
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Landsbankinn integrates with CBA
Landsbankinn, one of Iceland’s largest commercial banks, has recently announced a strategic integration with CBA, a leading banking institution in Australia. This collaboration marks a significant milestone in the financial industry, as it paves the way for enhanced services and improved customer experience. Benefits of the integration Streamlined banking processes Access to a wider range…
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Wasabi introduces White Label OEM Program
Wasabi, the hot cloud storage company known for its disruptive pricing and revolutionary technology, has announced the launch of its White Label OEM Program. This program allows third-party companies to incorporate Wasabi’s cloud storage technology into their own products and services, branding it as their own. With the White Label OEM Program, companies can benefit…
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Innovate Finance launches UCFT
Innovate Finance launches Unified Cybersecurity Framework for Technology Today, Innovate Finance announced the launch of the Unified Cybersecurity Framework for Technology (UCFT), a cutting-edge solution aimed at enhancing the cybersecurity measures within the financial technology sector. The UCFT is a comprehensive framework that consolidates best practices, guidelines, and standards for cybersecurity, providing fintech companies with…
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Synctera raises USD 18.6 million in an extended Series A round
San Francisco-based banking-as-a-service platform, Synctera, has announced that it has raised $18.6 million in an extended Series A funding round. This brings the total amount raised in the Series A round to $33.6 million. The funding round was led by Lightspeed Venture Partners, with participation from existing investors like Citi Ventures, Diagram Ventures, and Trinity…
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Monzo’s new funding round rises valuation to USD 5 bln
Monzo, the popular digital bank based in the UK, has just closed a new funding round that has raised its valuation to an impressive USD 5 billion. This latest round of funding was led by some of the biggest names in venture capital, including General Atlantic, Accel, and GV. This brings the total amount…
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Avenue Bank receives full APRA licence
Exciting news for Avenue Bank as they recently announced that they have been granted a full licence by the Australian Prudential Regulation Authority (APRA). This is a major milestone for the bank and signifies their commitment to providing top-quality banking services to their customers. What does this mean for Avenue Bank? With the full APRA…
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wagely secures USD 23 million
Wagely Secures USD 23 Million in Funding Round Exciting news for Wagely as the financial wellness platform secures a total of USD 23 million in its latest funding round. The funding was led by Venture Capital firm XYZ Ventures, with participation from several other prominent investors. What is Wagely? Wagely is a fintech startup that…
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Thailand to consider applications for virtual banks
Thailand to Consider Applications for Virtual Banks In a move to modernize and enhance the country’s financial services sector, Thailand has announced that it will start accepting applications for virtual banks. This decision comes as part of Thailand’s efforts to promote financial inclusion and innovation in the banking industry. Virtual banks, also known as digital…
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ChargeAfter launches The Lending Hub
ChargeAfter, a leading fintech company that specializes in providing innovative financing solutions for consumers and merchants, has announced the launch of their newest product – The Lending Hub. This platform aims to revolutionize the way consumers access and manage credit and lending options. What is The Lending Hub? The Lending Hub is a comprehensive online…
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Smart Data Foundry partners with NayaOne
Smart Data Foundry, a leading provider of data analytics and management solutions, has announced a strategic partnership with NayaOne, a technology consulting firm specializing in digital transformation and cloud services. This partnership will combine Smart Data Foundry’s expertise in big data and artificial intelligence with NayaOne’s industry knowledge and experience in cloud computing and digital…
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Fimple partners with CR2
Fimple, a leading financial technology company, has announced a new partnership with CR2, a global provider of digital banking solutions. This collaboration brings together the innovative technology and expertise of both companies to offer enhanced digital banking services to customers around the world. Benefits of the partnership By partnering with CR2, Fimple is able to…
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OTP Bank partners with Iliad Solutions
Exciting news in the world of banking technology! What is OTP Bank? OTP Bank is one of the largest banks in Hungary and has a strong presence across Central and Eastern Europe. Known for its innovative financial products and services, OTP Bank is always looking for new ways to improve customer experience and drive digital…
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Moneyhub partners with Rebcat and Navos
Moneyhub, a leading financial technology company, has announced partnerships with Rebcat and Navos. These partnerships will enhance Moneyhub’s offerings and provide users with even more tools and resources to manage their finances. Rebcat Rebcat is a digital marketing platform that helps businesses increase sales and drive customer engagement. By partnering with Rebcat, Moneyhub will be…
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Metropolitan Commercial winds down its BaaS programme
Metropolitan Commercial, a leading financial institution, has announced that it will be winding down its Banking as a Service (BaaS) programme. The programme, which allowed third-party companies to offer banking services using Metropolitan Commercial’s infrastructure, will be phased out over the next few months. What is BaaS? Banking as a Service (BaaS) is a model…
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SC Ventures launches SOLV Ghana
SC Ventures, the innovation arm of Standard Chartered Bank, has announced the launch of SOLV Ghana, a new digital platform aimed at providing financial services to underserved communities in Ghana. The platform will offer a range of services, including savings accounts, loans, and insurance products, to individuals and small businesses who may not have access…