BankingTech

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...
UK challenger bank Atom raises £75m

UK challenger bank Atom raises £75m

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UK challenger bank Atom has raised more than £75 million in new equity priced at 70p per share as it continues to grow its...
Bank of America launches online payment solution and invests in paytech

Bank of America launches online payment solution and invests in paytech

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Bank of America has launched an online payment solution that enables customers of ecommerce companies to pay for transactions directly from their bank account,...
Asian Development Bank to build prototype blockchain for cross-border securities settlement

Asian Development Bank to build prototype blockchain for cross-border securities settlement

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The Asian Development Bank has launched a project to make cross-border securities transactions in Asia and the Pacific more efficient and secure through the...
Jumio verifies identity and age of new Nationwide Building Society members

Jumio verifies identity and age of new Nationwide Building Society members

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Verification technology provider Jumio has partnered with UK-based Nationwide Building Society to streamline the digital onboarding process for new members. Nationwide, the world’s largest mutual building society, turned...
Mambu and Volante strike strategic partnership focused on payments

Mambu and Volante strike strategic partnership focused on payments

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Banking fintech Mambu and Volante Technologies, a specialist in cloud payments and financial messaging software, are integrating their solutions to help banks and lenders modernise their banking...
Zwipe and Forzacard partner on biometric cards for Mexico

Zwipe and Forzacard partner on biometric cards for Mexico

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Biometric fintech company Zwipe and Forzacard are bringing biometric payment cards to Mexico. The new payment cards will be manufactured by Forzacard and powered by...
Manasquan Bank to connect customers to crypto through Bakkt

Manasquan Bank to connect customers to crypto through Bakkt

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Manasquan Bank retail customers could soon be buying, selling and holding cryptocurrency through a partnership with digital assets fintech Bakkt. The mutual community bank, based...
Monese eyes credit and lending with Trezeo acquisition

Monese eyes credit and lending with Trezeo acquisition

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Mobile banking fintech Monese is pressing ahead with a move into credit and lending after acquiring Trezeo. Trezeo, a specialist financial services provider for the...
Tinkoff partners with Finastra for Asia expansion

Tinkoff partners with Finastra for Asia expansion

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Russia-based digital bank Tinkoff will use Finastra’s Fusion Essence Cloud core banking solution to power its planned expansion into the Philippines. Tinkoff, a digital bank...
Wells Fargo and HSBC to settle FX transactions using blockchain-based solution

Wells Fargo and HSBC to settle FX transactions using blockchain-based solution

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Wells Fargo and HSBC intend to use a blockchain-based solution to settle matched foreign exchange (FX) transactions. Through a bilateral agreement, the banks will both use...
Curve appoints new chief technology officer

Curve appoints new chief technology officer

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Curve has appointed Eric Molitor, a former Improbable and Amazon vice president, to the role of chief technology officer. Molitor joins Curve, the provider of an over-the-top banking platform that combines debit and credit cards...
WeLab acquires Bank Jasa Jakarta with plans for digital offering in Indonesia

WeLab acquires Bank Jasa Jakarta with plans for digital offering in Indonesia

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Pan-Asia fintech firm WeLab is acquiring PT Bank Jasa Jakarta (BJJ), a retail bank in Indonesia, to realise plans to launch a digital bank in a country with an estimated 180 million tech-savvy younger...
National Bank of Kuwait to launch Weyay digital bank

National Bank of Kuwait to launch Weyay digital bank

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National Bank of Kuwait (NBK) has announced plans to launch the country’s first fully digital bank. Aimed at young people in Kuwait, Weyay was revealed at an inauguration ceremony attended by members...
Patriot National Bancorp targets digital bank efficiencies with American Challenger merger

Patriot National Bancorp targets digital bank efficiencies with American Challenger merger

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Patriot National Bancorp is entering into a reverse subsidiary merger with digital banking startup American Challenger Development Corp. The Connecticut, USA-focused Patriot, which operates branches under the Patriot Bank brand in...
Standard Chartered plans launch of Starling-powered digital platform focused on climate change

Standard Chartered plans launch of Starling-powered digital platform focused on climate change

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SC Ventures, the innovation arm of Standard Chartered Bank, is launching a new digital platform powered by Starling Banking Services and designed to help...
Starling Bank launches new app feature to simplify personal finance

Starling Bank launches new app feature to simplify personal finance

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Starling Bank is introducing Bills Manager, a new bank account feature to help UK customers pay their bills on time and better manage their money. The new feature, one of...
Santander and Oxentia Foundation seek banking solutions for all

Santander and Oxentia Foundation seek banking solutions for all

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Santander and Oxentia Foundation have launched a competition to identify and support innovative, scalable solutions that open up banking products and services to everyone.  The Santander X Global Challenge is already...
American Express and Goldman Sachs develop digital payments solution for corporates

American Express and Goldman Sachs develop digital payments solution for corporates

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American Express and Goldman Sachs Transaction Banking (TxB) are launching a cloud-based payments solution for large corporate clients. The solution, currently available to select clients and anticipated to launch...
Raiffeisen Digital Bank launches a new app in six months with Mambu

Raiffeisen Digital Bank launches a new app in six months with Mambu

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Raiffeisen Digital Bank, a provider of consumer lending products in Poland delivered exclusively online, has launched a new mobile app using the Mambu low-code...
Chip launches growth investment round

Chip launches growth investment round

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Digital savings fintech Chip is planning a growth investment round from the crowd and institutions in the coming weeks. The UK-based fintech says the new round of funding...
BNY Mellon Invests in Quantexa Technology

BNY Mellon Invests in Quantexa Technology

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BNY Mellon has completed a strategic investment in Quantexa Technology, to close its series D led by private equity firm Warburg Pincus. As part of the investment, Joseph Sieczkowski, chief information officer of engineering...
Starling to make BaaS available in Europe

Starling to make BaaS available in Europe

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Starling Bank has confirmed that it is looking to expand into Europe next year.  During H1 2022 and subject to regulatory approval, the digital bank hopes to make its...
Open banking fintech Vyne raises $15.5 million in seed funding

Open banking fintech Vyne raises $15.5 million in seed funding

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Open banking fintech Vyne has secured $15.5 million in seed funding from leading fintech investors as it takes on traditional card and alternative payment methods. Investors in the seed round include Hearst...
Canadian fintech Neo Financial raises $50 million

Canadian fintech Neo Financial raises $50 million

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Neo Financial, a fintech based in Canada specialising in spending, savings and rewards, has closed a $50 million (CAD $64 million) series B funding round. This latest round takes Neo’s total funding raised to almost $90...