BankingTech

Westpac partners with AI company to improve its business lending

Westpac partners with AI company to improve its business lending

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Australia-based bank Westpac has partnered with artificial intelligence (AI) company Rich Data Co (RDC) to improve its lending experience for business customers and bankers.   The...
TechPassport launches standardised questions for fintech onboarding

TechPassport launches standardised questions for fintech onboarding

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TechPassport has teamed up with 15 banks to develop a series of eligibility questions to better prepare fintechs for partnerships and speed up the onboarding...
HugoBank is granted digital banking licence in Pakistan

HugoBank is granted digital banking licence in Pakistan

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HugoBank is preparing to launch in Pakistan after receiving clearance to do so from the country’s central bank.  The digital bank, a joint venture that...
Deutsche Bank partners with NVIDIA to accelerate AI benefits

Deutsche Bank partners with NVIDIA to accelerate AI benefits

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Deutsche Bank has partnered with NVIDIA to accelerate the use of AI and machine learning (ML) in financial services.   The partnership will see the organisations...
Starling launches virtual cards to help customers with budgeting

Starling launches virtual cards to help customers with budgeting

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Starling Bank has introduced virtual cards for its personal current account customers and updated its Spending Insights.   The virtual card works like a normal debit...
Tonga Development Bank upgrades to SmartVista

Tonga Development Bank upgrades to SmartVista

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Tonga Development Bank (TDB) is accelerating digital transformation in the Polynesian banking sector through a partnership with BPC.  TDB will use BPC’s SmartVista platform to...
NAB extends cloud deal with AWS

NAB extends cloud deal with AWS

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NAB has signed a multimillion-dollar deal with Amazon Web Services (AWS) to further its cloud-first technology strategy.  The deal between the organisations will enable NAB...
Wise launches environmentally friendly debit card

Wise launches environmentally friendly debit card

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International money transfer firm Wise has launched an eco debit card in the EU and UK.  The card, which is white and features a small...
Atom Bank raises £30m

Atom Bank raises £30m

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UK challenger bank Atom has raised £30m in equity financing from BBVA, Toscafund and Infinity Investment Partners, to further its lending capabilities and future...
Tandem Marketplace goes live to help customers reduce carbon footprint

Tandem Marketplace goes live to help customers reduce carbon footprint

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UK-based Tandem Bank has launched Tandem Marketplace, a hub that provides its customers with information and resources to make greener living choices, tackle climate change...
Fintech Galaxy secures open banking licence from Central Bank of Bahrain

Fintech Galaxy secures open banking licence from Central Bank of Bahrain

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Fintech Galaxy, an open banking company, has become the first central bank-regulated open finance platform in the MENA region.  The Dubai-based fintech received a licence...
Money Fellows raises $31m in series B first round

Money Fellows raises $31m in series B first round

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Egypt-based fintech Money Fellows has raised $31m in the first closing of its series B equity round.   Money Fellows will use the funding to diversify...
Curve partners with Salt Edge for PSD2 compliance

Curve partners with Salt Edge for PSD2 compliance

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Curve has partnered with Salt Edge to ensure that its super app complies with the EU Payment Services Directive (PSD2).  Curve, whose super app hosts multiple virtual...
Starling Bank most-switched-to UK bank in 2021

Starling Bank most-switched-to UK bank in 2021

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Starling Bank has made the top three of the most-switched-to banks in the UK for the third time this year, as well as being...
Nubank creates cryptocurrency Nucoin

Nubank introduces cryptocurrency for rewards programme

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Brazil's Nubank has created Nucoin, its own cryptocurrency on the Polygon blockchain network.   The digital financial services platform will offer benefits such as discounts and perks...
Natwest Group Partnership

NatWest and Vodeno partner to create BaaS business

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NatWest Group has entered into a partnership with the Vodeno Group that will see the creation of a banking-as-a-service (BaaS) business in the UK.  The partnership...

India launches new digital banking units to expand financial inclusion

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The residents of dozens of towns and villages in India will soon gain access to so-called ‘digital banking units’, designed to increase financial inclusion...

Apple plans to launch high-yield rewards offer for Card users

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Apple has launched a new rewards initiative for Apple Card that will allow users to earn cashback, dubbed Daily Cash, and grow their rewards...
NorthOne logo

NorthOne lands $67m in series B funding

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NorthOne has raised $67 million in series B funding from new and existing investors to further develop its business banking and financial management platform. With...
Yapily and Juni partnership aims to improve access to credit for ecommerce

Yapily and Juni partnership aims to improve access to credit for ecommerce

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Open banking infrastructure provider Yapily has partnered with ecommerce fintech Juni on a data and payments upgrade to its platform. Sweden-based Juni, which gives ecommerce...
Jiko raises $40m, launches money storage solution for corporates

Jiko raises $40m, launches money storage solution for corporates

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Jiko has closed a $40 million series B funding round and launched its solution for storing cash in spendable T-bills. The US fintech, which is...
Uber launches new business debit card for drivers and couriers

Uber launches new business debit card for drivers and couriers

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Uber has teamed up with Marqeta, Mastercard and Branch to launch a business debit card for drivers and couriers that use its booking platform. The Uber Pro Card...
U.S. Bank makes it easy for small businesses to project their cash flow

U.S. Bank makes it easy for small businesses to project their cash flow

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U.S. Bank has launched a new online banking tool to help small business owners better see and understand their future cash flow. The tool enables small...
Battle Financial partners with Savana for US challenger bank launch 2

Battle Financial partners with Savana for US challenger bank launch

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Battle Financial has chosen Savana as the digital delivery platform provider for its planned US challenger bank. Savana, a financial software provider for banks and...
Thought Machine and Trade Ledger integrate platforms

Thought Machine and Trade Ledger integrate platforms

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Trade Ledger and Thought Machine have unveiled an integration that aims to provide a fully integrated technology stack for commercial lenders and banks. API-driven data...
Digital bank Trust launches in Singapore

Digital bank Trust launches in Singapore

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Trust, a new digital bank backed by Standard Chartered Bank and FairPrice Group, has launched in Singapore. The digital bank launched with an offering that...
Jenius Bank to launch in the US

Jenius Bank to launch in the US

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Japan’s Sumitomo Mitsui Financial Group and subsidiary SMBC Group are launching Jenius Bank, a new digital consumer banking business in the US. Jenius Bank will...
Hello Alice launches small business credit card with Mastercard

Hello Alice launches small business credit card with Mastercard

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Free small business platform Hello Alice has launched a new credit card in partnership with Mastercard and First National Bank of Omaha. The Hello Alice...
Vyne to serve businesses through new Wix partnership

Vyne to serve businesses through new Wix partnership

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Bank account-to-account payments provider Vyne is now targeting small and medium-sized businesses via an integration with Wix.com. UK businesses that set up a website using...
Zolve appoints chief compliance officer ahead of hiring push

Zolve appoints chief compliance officer ahead of hiring push

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Zolve, the startup neobank providing cross-border financial services for immigrants, has appointed Douglas T Hamilton as its chief compliance officer and announced plans to...
SigFig hires chief product officer and director of digital wealth products

SigFig hires chief product officer and director of digital wealth products

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Financial services software firm SigFig has appointed Amanda LaFerriere as its chief product officer and Clifford Schoeman to the role of director of digital wealth...
Central Payments raises $30m and spins out from Central Bank of Kansas City

Central Payments raises $30m and spins out from Central Bank of Kansas City

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US banking-as-a-service provider Central Payments has completed a $30 million growth equity raise and spun out from Central Bank of Kansas City. The existing management...
UNOAsia lands pre-series A funding ahead of digital bank launch

UNOAsia lands pre-series A funding ahead of digital bank launch

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Singapore-based fintech UNOAsia has secured US$11 million in a pre-series A round ahead of the commercial launch of its digital bank in the Philippines. Creador led...
Trovata adds two open banking executives to lead expansion into Europe

Trovata adds two open banking executives to lead expansion into Europe

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US fintech Trovata has made two key appointments ahead of an expansion into Europe. Vladimir Pintea has joined the fintech, which automates cash workflows through...
Brazilian fintech Neon raises US$80 million for credit card fund

Brazilian fintech Neon raises US$80 million for credit card fund

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Brazil-based fintech and digital bank Neon has raised US$80 million in its first credit rights investment fund (FIDC) focused on credit cards. The funding will...
Starling Bank achieves first full year of profitability

Starling Bank achieves first full year of profitability

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Starling Bank has achieved its first full year of profitability. The digital bank swung to a pre-tax profit of £32.1 million for the financial year...
Mambu gains access to Visa DPS through new partnership

Mambu gains access to Visa DPS through new partnership

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Cloud banking provider Mambu has struck a partnership with Visa to utilise Visa DPS, one of the largest processors of Visa debit transactions globally. Germany-headquartered Mambu said...
Chip enhances savings experience with TrueLayer Payments

Chip enhances savings experience with TrueLayer Payments

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TrueLayer, an open banking provider in Europe, and wealth fintech Chip are teaming up to deliver an improved customer experience through dramatically faster account...
Citi chooses METACO for digital asset custody

Citi chooses METACO for digital asset custody

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Citi has selected METACO to develop and pilot digital asset custody capabilities. Switzerland-based fintech METACO will work with Citi to develop a platform to enable clients that use...
Digital-focused Jewel Bank launches in Bermuda

Digital-focused Jewel Bank launches in Bermuda

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Jewel Bank, a new bank focused on digital assets, has launched in Bermuda. The bank addresses “the core banking, payments, and settlement needs of many...
Santander moves core banking platform the cloud

Santander moves core banking platform the cloud

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Banco Santander is moving its core banking system to the cloud in a bid to improve service and efficiency. Santander claims to be one of...
Starling Bank raises £130.5m to build acquisition war chest

Starling Bank raises £130.5m to build acquisition war chest

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Starling Bank has completed an internal fundraise of £130.5 million at a pre-money valuation of more than £2.5 billion. The UK digital bank said the...
Avaloq goes live with first client in Taiwan

Avaloq goes live with first client in Taiwan

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Avaloq has successfully implemented its core banking system at Cathay United Bank to support the bank’s continued growth. The Avaloq Core Platform will cater to...
Zevoy raises €15m for roll-out of expense management solution in Europe

Zevoy raises €15m for roll-out of expense management solution in Europe

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Finland-based expense management fintech Zevoy has raised €15 million in a series A round to fund launches in eight new markets during Q2 2022. Zevoy, which...
Digital private bank Alpian lands licence and financing for launch

Digital private bank Alpian lands licence and financing for launch

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Switzerland-based private digital bank Alpian has secured a banking licence and closed a CHF19 million ($20.34 million) extension of its series B round. The banking licence,...
Revolut appoints CEO to lead Brazil launch

Revolut appoints CEO to lead Brazil launch

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UK digital bank Revolut has appointed Glauber Mota as its chief executive officer in Brazil ahead of its launch in Latin America’s largest market. Mota,...
PensionBee and Starling Bank broaden integration 2

PensionBee and Starling Bank broaden integration

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PensionBee pensions are now available to all Starling Bank business and personal customers though the fintechs’ marketplace integration. Sole traders join the owners of limited...
Finxact chosen to underpin launch of new branchless US bank

Finxact chosen to underpin launch of new branchless US bank

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Finxact will provide the banking operations platform for a new bank expected to launch in the second half of this year. Battle Bank, from Colorado-based Battle...
An Post partners with Tink to boost money management app

An Post partners with Tink to boost money management app

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Irish postal services provider An Post has teamed up with European open banking platform Tink to deliver better money management services to its customers. An...
Neobanking platform Niyo lands US$100m of series C funding

Neobanking platform Niyo lands US$100m of series C funding

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Neobanking platform Niyo has raised US$100 million in its series C funding round. Accel and Lightrock India led the funding round, with participation from Beams Fintech Fund. Existing...