BankingTech

Opera to acquire Fjord Bank as fintech expansion continues

Opera to acquire Fjord Bank as fintech expansion continues

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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 expands senior management team with two new hires

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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

Tide pauses BBLS lending

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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

Incoming streaming fintech Wagestream raises £20 million

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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 with new toolkit and USD account

Starling Bank beefs up business banking

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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

Mastercard signs up three fintechs to opening banking solution

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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 to acquire Finicity to advance open banking strategy

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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...
US consumer credit and loan company Credit Sesame has completed its acquisition of Canadian challenger bank Stack

Credit Sesame acquires challenger bank for international expansion

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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 boosts business offering with Slack, Bionic and Equipsme

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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 secures £40 million in new funding

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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 percent

Xinja slashes Stash rate to 1.8%

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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 ‘ready’ to lend through UK business interruption loan scheme

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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 partners with Mastercard

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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 to begin lending through CBILS ‘as soon as possible’

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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 lines up DPR as tech provider ahead of challenger bank launch

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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 supports businesses in US and UK through lending ops and funding

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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 introduces second card for self-isolating customers

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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

Judo Bank to boost SMEs in Australia with massive funding package

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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 signs up Liberty National Bank for portfolio management

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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

Monzo Business now accessible via the web

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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 teams up with Microsoft as Fortune 100s focus on fintech

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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

Tink acquires Eurobits for €15.5 million

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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 to bust coronavirus myths and keep businesses informed

Tide promises keep businesses informed amid crisis

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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 offers customer advice during coronavirus pandemic

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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 Digital Bank chooses Daon for onboarding and authentication

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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 to launch in Hong Kong

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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

Xolo and Wirecard partner on bank account for entrepreneurs

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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

Revolut closes funding round and achieves bumper valuation

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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

LendingClub to buy digital bank

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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

Curve establishes Brooklyn base ahead of US launch

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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

Bask Bank offers air miles instead of interest

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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

Flux welcomes first strategic investment partner

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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

Australia’s Xinja launches new savings account

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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 partners with invoice insurtech Nimbla

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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 RaboDirect portal build

Mendix supplies low-code platform for RaboDirect portal build

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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...