PYMNTS

JANUARY 15, 2021

In today’s top digital-first banking news, Goldman Sachs has selected FinTech startup Marqeta to power digital checking accounts for Marcus, while California credit card startup X1 notched $12 million in a funding round headed up by Spark Capital. X1 Card Raises $12 Million In Funding Round Led By Spark Capital.

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PYMNTS

JANUARY 13, 2021

Paytm offers a wide array of digital products throughout India, including a merchant payment platform, money transfers, and bill payments. It also provides lending services such as merchant cash loans, personal loans, and credit cards.

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PYMNTS

FEBRUARY 21, 2020

The LendingClub announcement follows the news that mobile bank Varo received approval from U.S. regulators to secure a national bank charter, in turn clearing the runway for the entity to accept consumer deposits. the value of contactless commercial card payments (both debit and credit) jumped 24 percent in 2019.

Digital Banking 224

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PYMNTS

DECEMBER 1, 2019

Like competitor Kard , Pixpay wants to give teens a way to go digital and ditch cash altogether. . Challenger banks are typically marketed to adults. Pixpay offers users a customized PIN code to lock and unlock the card, and users are notified with each transaction. million) from Global Founders Capital. million (€3.1

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PYMNTS

JANUARY 28, 2020

Many accounts payable (AP) professionals turning to electronic payments to streamline their companies’ payment processes — specifically, how they pay invoices from suppliers — are putting virtual cards at the top of their lists, and for good reason. The cards can also be fully integrated into ScaleFactor’s accounting and finance platform.

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PYMNTS

JULY 6, 2017

French startup Qonto has officially launched its corporate digital banking solution. The company said this week that businesses can now open a bank account on its website, with customers able to access digital and mobile banking services for a monthly fee. million in venture capital this year.

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Bank Innovation

DECEMBER 4, 2019

Koho, a Toronto-based digital banking startup, is on track to expand its product suite to include credit and savings products in 2020, CEO Daniel Eberhard told Bank Innovation on Wednesday. In late November, the […].

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PYMNTS

MAY 28, 2019

According to a report on Tuesday (May 28), a France-based “digital banking startup aimed at teenagers” called Pixpay has raised nearly $3.5. million in fresh capital. The banking service for teens reportedly will launch later this year in time for the new school term in France, and the service will cost users about $33 monthly.

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Gonzobanker

AUGUST 14, 2019

When most financial executives read the headline “Capital One Data Breach,” they had two thoughts: How is this going to impact the financial sector? In this case, information about Capital One ’s customers. The company issued employees an access card that determined where they could go within company buildings.

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PYMNTS

DECEMBER 30, 2020

To really capitalize on that emerging opportunity, they have two jobs, Clark said. First, they need to keep the momentum moving forward in the places where they’ve gained a lot of ground in terms of digital experience provision in 2020. The [answer] for 2021 is that you should really be focused on your digital channels,” Clark said.

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PYMNTS

JUNE 24, 2020

Now, in addition to car and personal loans on behalf of retail and institutional investors, Zopa will introduce savings accounts this week, to be followed by the addition of credit cards later this year. million) to become a challenger bank. Zopa received those funds from a group linked to IAG Capital Partners, a U.S.-based

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PYMNTS

MARCH 31, 2020

Tokyo, Japan’s digital banking startup Kyash has closed a $45 million Series C funding deal co-led by Greenspring Associates and Goodwater Capital, Kyash said in a statement on Sunday (March 30). Goodwater Capital also invested in Kyash’s Series B Round. growth equity investment firm Greyhound Capital; U.S.

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PYMNTS

NOVEMBER 24, 2020

Plus, Spanish financial firm BBVA has created an offering that simplifies expense management. Digital Bank HMBradley Raises $18.25M to Accelerate Credit Program. The Acrew Capital-led funding will also be harnessed to grow its client offerings. “As BBVA Streamlines Expense Management for Card Purchases.

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Accenture

APRIL 21, 2017

A recent Accenture roundtable discussion concluded that European banks have the opportunity to develop innovative transaction banking offerings using virtual accounts, such as virtual cash management, to address changing market needs and create new business models.

Management 200

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PYMNTS

SEPTEMBER 21, 2020

In today’s top news in digital-first banking, Next Insurance is aiming to raise new capital that would value the FinTech startup at $2.25 Digital small business insurance provider Next Insurance is negotiating an arrangement to bring in new capital that would reportedly value the FinTech upstart at $2.25

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PYMNTS

MARCH 11, 2020

The FinTechs take in capital, the capital makes loans, which, though well above benchmark rates, is below credit card rates. In at least a bit of acknowledgment that capital does not come cheap, Lending Club took the step earlier this year of buying Radius Bank, an online bank that offers checking and savings accounts.

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Digital Banking Lending Capital Fintech 130

Gonzobanker

SEPTEMBER 21, 2023

Digital: Pigskin Pick-Ups Bankjoy , a digital banking provider, had a funding round led by the Curql Collective Credit Union Service Organization. Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. Jack Henry expanded its partnership with SMA Technologies.

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PYMNTS

JANUARY 14, 2020

consumer banking and spending on credit cards. In terms of headline numbers, the banking giant reported earnings per share of $2.57, up 21 percent year on year and well above the $2.35 The top line, known as managed revenue, came in at $29.2 Management has signaled that investments in technology will continue.

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Bank Innovation

MAY 16, 2019

KOHO, a Toronto-based digital banking startup, has raised C$42 million (US$31 million) in a Series B round to add new products and services. KOHO, with its millennial friendly aesthetic and messaging, currently offers its users debit cards, personal finance management tools and cashback features.

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Millennials Digital Banking Tools Innovation 186

PYMNTS

NOVEMBER 26, 2019

Recent data indicated that 82 percent of SMBs shutter in their first year because of poor cash management operations. This demand is driving the global expense management software market to reach $6.6 based FinTech, recently added a new corporate card to its portfolio of solutions. billion in value by 2025. Inside The Playbook.

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PYMNTS

JANUARY 26, 2021

Capital One Financial said on Tuesday (Jan. Management said on the conference call with analysts to discuss results that much of the reserve release was tied to the card business. Of that tally, domestic cards were $98.5 The net charge-off rate for the card business as a whole was 2.6 billion, to an ending $106.9

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PYMNTS

JANUARY 14, 2020

consumer banking and spending on credit cards. In terms of headline numbers, the banking giant reported earnings per share of $2.57, up 21 percent year on year and well above the $2.35 The top line, known as managed revenue, came in at $29.2 Management has signaled that investments in technology will continue.

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PYMNTS

JULY 12, 2019

Though not the busiest week in B2B venture capital funding, investors presented a clear preference for corporate expense management and B2B eCommerce, with additional funding going toward logistics and small business banking firms for a total of $203.5 startup that offers corporate spend management solutions in the U.K.,

Tools 160

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PYMNTS

NOVEMBER 12, 2020

banking-as-a-service (BaaS) Startup Railsbank closed a $37 million funding deal co-led by MiddleGame Ventures and Ventura Capital. Also participating in the round were Anthos Capital, Global Brain, Clocktower Technology Ventures, Moneta VC, Mitsui Fudosan and Firestartr. “We

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Payments Source

SEPTEMBER 29, 2017

The layoffs come as Capital One's investments in digital technology are yielding efficiency gains. The company would not say where the jobs are based or how many positions are being eliminated.

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PYMNTS

DECEMBER 1, 2019

The news comes days before its conditional banking license is set to expire on Tuesday (Dec. A source told the Financial Times that Zopa will receive the funds from an entity linked to IAG Capital Partners, a U.S.-based It was given a year to raise regulatory capital, and prove it was financially strong enough to become a bank.

Digital Banking 142

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PYMNTS

APRIL 20, 2018

In an age of credit cards, eCommerce and contactless payments , it’s going to take a lot longer to fill up that penny jar with actual coins. He may decide to set aside a certain amount for each swipe of his credit card, penalize himself for excess trips to Dunkin’s or reward himself for spending less than his budget on Uber.

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PYMNTS

OCTOBER 23, 2020

All-in-one banking app Lili , which is typically used for freelancers, has raised $15 million in a funding round, a press release says, bringing its total raised to $25 million. The new capital will be used to help Lili boost its ever-growing expansion and add to its product and engineering teams and boost customer adoption, the release says.

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Fintech Labs Insights

JULY 18, 2023

The exit occurred in mid-2021 when Bill.com was looking to expand its offerings in the corporate card and expense management space. Primary Pros & Cons Pros: Streamline and automate corporate spending and expense management processes. Virtual cards that can be used for online purchases or one-time payments.

Management 15

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PYMNTS

DECEMBER 10, 2020

Plus, commercial cards dig their heels into adding value for both buyer and supplier. Tipalti Collaborates On Card Adoption. Accounts payable automation solution provider Tipalti recently revealed its tie-up with Plastiq in an initiative designed to mitigate the friction suppliers face in accepting cards.

Cards 151

Cards Payments Fintech Company 151

PYMNTS

DECEMBER 28, 2020

Petersburg, Florida-based CUSO said its Enhanced Fraud Services initiative has already helped 10 credit unions combat fraud, including chargebacks stemming from instances of members’ payment card details being stolen and sold on the dark web. Coast Capital On The Innovations Driving CUs’ Digital-First Future.

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PYMNTS

NOVEMBER 10, 2020

Nigeria-based Kuda , which operates its own mobile-first challenger bank, now has $10 million after a funding round in what TechCrunch reported is the biggest seed round ever raised in Africa. Kuda's bank works with customers and will soon add a capability for small businesses.

Mobile 186

Mobile Capital Report Management 186

PYMNTS

DECEMBER 16, 2020

In today’s top news in digital-first banking, FIS is working with Quontic Bank on the Bitcoin Rewards Checking Account, while Aeldra has chosen i2c Inc. to power its digital private banking offerings. FIS Powers Launch Of Quontic Bank’s Bitcoin Rewards Account. to fuel its online private banking offerings.

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Chris Skinner

JULY 19, 2017

See what you think … Capital One Skill for Alexa Capital One’s skill for Alexa provides a new feature called “How much did I spend?” Using any Amazon Alexa-enabled device, Capital One customers can now summon Alexa for their recent spending history at more than 2,000 popular merchants including Starbucks, Whole Foods and Amazon.

Innovation 298

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Gonzobanker

DECEMBER 14, 2023

Meanwhile, technology changes continued at a breakneck pace, with generative AI the biggest topic around management tables. Importantly, Huntington has continued to focus on digital investments and its strong legacy of product management to remain a progressive regional bank. Paul Murphy, founder of Murphy & Co.

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PYMNTS

OCTOBER 3, 2019

FinTech startup Brex is launching a business cash management account to replace traditional business bank accounts, the company said in a press release on Wednesday (Oct. Even before customers think about credit cards, they need a place to store their business capital. percent or more as well as Brex reward points.

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PYMNTS

AUGUST 28, 2019

The banking platform is designed for mobile devices and API connectivity, with NorthOne noting that development partner Treasury Prime designed that API technology to streamline account opening and management. Last year, the Canada-based company raised $2 million from investors Peter Graham, Tom Williams and Ferst Capital Partners.

Mobile 144

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