BankingTech
Raiffeisen Bank and Moxtra develop virtual branch service
Raiffeisen Bank International has launched a virtual branch service in partnership with US-based fintech company Moxtra.
RaiConnect features a full suite of collaborative modules and...
Backbase rolls out platform at TPBank
Netherlands-headquartered Backbase has deployed its digital-first banking platform at Vietnam’s Tien Phong Commercial Joint Stock Bank (TPBank).
The Backbase platform allows banks to design a...
Moov Financial raises 5.5 million in seed funding
Moov Financial, the US-based open source embedded banking platform, has raised $5.5 million in seed funding.
Led by Bain Capital Ventures, the funding round also...
OakNorth Bank receives new CBILS allocation
OakNorth Bank has approved more than £600 million in new loans to support British businesses since lockdown began in March.
The UK bank, which is...
Revolut and Starling Bank eye profitability despite losses
The UK's three major challenger fintech firms are yet to turn a profit, but two, Revolut and Starling, remain optimistic that they can overcome...
Quantum Group acquires mobile cashback app Tail
UK-based fintech incubator Quantum Group has acquired mobile cashback app Tail.
Quantum Group, which acquired 30% of Tail in 2019, completed its acquisition of the...
Google to launch US digital bank account with BBVA and others in 2021
Google has partnered with eight banks, including BBVA, to offer digital accounts to Google Pay users in the US.
The internet company revealed late last...
FinecoBank enjoys strong H1 2020 in UK
European fintech FinecoBank registered strong activity from its UK client base across its brokerage, investing and banking business during the first half of this...
What does the Wirecard scandal mean for the future of digital banking?
In the midst of the Covid-19 pandemic, right between the health crisis winding down and the fear of a second wave kicking up again,...
Opera to acquire Fjord Bank as fintech expansion continues
Norway-headquartered internet company Opera is moving into the banking space with the acquisition of Fjord Bank.
With a growing user base of more than 50...
ClearBank expands senior management team with two new hires
ClearBank, the cloud-based clearing bank, has appointed James Hopkinson as chief financial officer and Stuart Morley as chief information officer.
Hopkinson joined ClearBank earlier this...
Tide pauses BBLS lending
UK digital bank Tide has paused lending through the government's Bounce Back Loan Scheme (BBLS) after funding fell through.
In an open letter to customers,...
Incoming streaming fintech Wagestream raises £20 million
Wagestream, the fintech that enables employees to access their earned wages in real time, has completed a £20 million series B funding round.
The investment,...
Starling Bank beefs up business banking
Starling Bank is helping British entrepreneurs get back to business with the launch of a new digital banking toolkit and a US dollar account...
Mastercard signs up three fintechs to opening banking solution
Three fintechs have joined the Mastercard Open Banking Protect.
Aion, DiPocket and Modulr have all signed agreements to use the Protect solution, which is a...
Mastercard to acquire Finicity to advance open banking strategy
Mastercard has entered into an agreement to acquire Finicity, a North American provider of real-time access to financial data and insights, for $825 million.
The...
Credit Sesame acquires challenger bank for international expansion
US consumer credit and loan company Credit Sesame has completed its acquisition of Canadian challenger bank Stack.
The acquisition is the first step toward Credit...
Starling Bank boosts business offering with Slack, Bionic and Equipsme
Starling Bank has upgraded its app marketplace with three new integrations.
Workplace messaging platform Slack, energy switching service Bionic and health insurance provider Equipsme are...
Starling Bank secures £40 million in new funding
Starling Bank has raised £40 million in a funding round led by JTC and Merian Chrysalis Investment Company.
The investment from Starling’s existing investors follows...
Xinja slashes Stash rate to 1.8%
Australian neobank Xinja has slashed the interest rate on its new savings account to 1.8%.
The interest rate reduction on its Stash savings account follows...
OakNorth Bank ‘ready’ to lend through UK business interruption loan scheme
OakNorth Bank, the lender to growth small and medium-sized enterprises (SMEs) in the UK, is ready to begin lending through the Coronavirus Business Interruption...
India’s Paytm Payments Bank partners with Mastercard
India's Paytm Payments Bank has partnered with Mastercard for virtual and physical debit cards.
Virtual cards will initially be rolled out to beta customers. Paytm...
Starling Bank to begin lending through CBILS ‘as soon as possible’
Starling Bank is working closely with the British Business Bank to get lending through the UK government's Coronavirus Business Interruption Loan Scheme (CBILS) as...
Castle Trust lines up DPR as tech provider ahead of challenger bank launch
Castle Trust has signed up to use the savings origination and servicing platform of banking technology provider DPR, as the investment firm presses ahead...
OakNorth supports businesses in US and UK through lending ops and funding
OakNorth has partnered with New York City-headquartered Modern Bank to support US businesses during the coronavirus (Covid-19) pandemic.
Modern Bank will supply businesses of fewer...
Starling Bank introduces second card for self-isolating customers
Starling Bank is introducing the option of a second card for its customers who are self-isolating during the coronavirus (Covid-19) pandemic.
Protected by a PIN...
Judo Bank to boost SMEs in Australia with massive funding package
Australian challenger bank Judo will receive AUD 500 million (approximately USD 310 million) from the country's government to invest in small and medium-sized entities...
Teslar Software signs up Liberty National Bank for portfolio management
Teslar Software has signed Oklahoma-based Liberty National Bank up to its portfolio management system.
Liberty National Bank, which has seven branches in five counties across...
Monzo Business now accessible via the web
London-headquartered Monzo has made its business platform accessible via the web on desktop and laptop devices, in response to customer requests for alternatives to...
Plaid teams up with Microsoft as Fortune 100s focus on fintech
Plaid, whose APIs connect third-party platforms with bank accounts, has teamed up with Microsoft to turn Excel into a fintech app—and the company revealed...
Tink acquires Eurobits for €15.5 million
Sweden-headquartered open banking platform Tink has acquired Spain's Eurobits Technologies, a provider of account aggregation services to more than 50 banks and fintechs, including...
Tide promises keep businesses informed amid crisis
London-headquartered Tide has written to customers who use its business e-money accounts to reassure them during the coronavirus pandemic (Covid-19) and bust speculation, misinformation...
Starling Bank offers customer advice during coronavirus pandemic
Starling Bank has begun an information campaign to reassure its personal and business customers, promising to provide advice on protection against fraudsters taking advantage...
Tonik Digital Bank chooses Daon for onboarding and authentication
Tonik, the first digital-only bank in Southeast Asia, has chosen US-based Daon to provide onboarding and biometric authentication for its mobile platform when it...
Mox Bank to launch in Hong Kong
Mox Bank, the new digital bank for the Hong Kong market from Standard Chartered in partnership with PCCW, HKT and Trip.com, will launch later...
Xolo and Wirecard partner on bank account for entrepreneurs
Estonian firm Xolo, whose company management platform offers entrepreneurs a quick and easy means of launching in the EU, has partnered with Wirecard to...
Revolut closes funding round and achieves bumper valuation
Digital bank Revolut has been valued at $5.5 billion after closing its latest funding round.
London-headquartered Revolut's series D funding round, led by US-based investor...
LendingClub to buy digital bank
San Francisco-based peer-to-peer (P2P) lending marketplace LendingClub has agreed to acquire a digital bank for $185 million.
Boston-based digital bank Radius, with more than $1.4...
Curve establishes Brooklyn base ahead of US launch
UK fintech Curve, the platform that consolidates multiple cards and accounts into a single smart card, has opened its first US office in Brooklyn.
Curve...
Bask Bank offers air miles instead of interest
Texas Capital Bank has launched the all-digital Bask Bank to provide savers with an alternative to traditional savings accounts.
Bask Bank’s collaboration with American Airlines...
Flux welcomes first strategic investment partner
Barclays has expanded its relationship with Flux by acquiring a stake in the digital receipts startup.
The UK-headquartered bank is Flux's first strategic investment partner,...
Australia’s Xinja launches new savings account
Australian neobank Xinja is attempting to shake up the domestic retail banking market with the release of a new savings account with “no introductory...
Barclays partners with invoice insurtech Nimbla
Barclays has partnered with fintech Nimbla to offer flexible invoice insurance to small- and medium-sized entities (SMEs).
One million SMEs that bank with Barclays will...
Mendix supplies low-code platform for RaboDirect portal build
Siemens business and low-code software platform Mendix has helped to build an online-only banking portal called RaboDirect for Netherlands-headquartered Rabobank.
The portal manages customer-facing and...
