PYMNTS

JUNE 3, 2020

The COVID-19 crisis continues to upend the economy, including even the world of digital banking. As previously reported in this space, the Monetary Authority of Singapore (MAS), the country’s central bank, announced its intention to issue five digital banking licenses last year. That was before the pandemic hit.

Digital Banking 131

Digital Banking Groups Retail Strategy 131

PYMNTS

FEBRUARY 14, 2020

Venture capital funding rounds this week showed some concentration on the continent, with several announcements tied to Europe. Additional participation came from ERA, 645 Ventures, Stage 2 Capital and Green Visor Capital. The company said that the latest funding round brings cumulative fundraising to $20 million.

Digital Banking 131

Digital Banking Capital Risk Management Operations 131

PYMNTS

AUGUST 3, 2020

BBVA USA is collaborating with Google to offer consumers a digital bank account through Google Pay. The Alabama-based bank holding company said the partnership is key to its strategy? of growing the bank throughout the U.S.

Google 221

Google Digital Banking Alabama Community Bank 221

PYMNTS

NOVEMBER 8, 2018

PayPal Working Capital will launch in Germany as PayPal Businesskredit, offering small and medium-sized businesses access to working capital financing that is deposited directly into their PayPal accounts. ” German SMBs can apply for the working capital from PayPal online via their existing PayPal accounts. and Australia.

Capital 194

Capital Lending Operations Online 194

PYMNTS

DECEMBER 29, 2019

million customers in 2019, offering those users a mobile app bank account and a distinctively-colored coral credit card. Earlier this year, Monzo, one of Britain’s largest startups, drew interest from notable Silicon Valley investor Y Combinator, known for key investments in successful, household name companies such as Airbnb and Dropbox.

Capital 143

Capital United States Digital Banking Online 143

PYMNTS

OCTOBER 23, 2020

Capital One reported on Thursday (Oct. These behaviors are amplified by the cumulative effect of stimulus and widespread forbearance across the banking industry,” Founder, Chairman and Chief Executive Officer Richard D. Capital One said its domestic cards’ average loans fell 6 percent compared to Q3 2019 to $97.3

Capital 175

Capital Report Cards US 175

Bank Innovation

APRIL 26, 2018

based digital bank Revolut has raised $250 million in a Series C, boosting the company’s valuation to unicorn status. The company, which is now worth $1.7 This new raise brings the amount of money the digital […].

Capital 244

Capital United States Digital Banking Marketing 244

PYMNTS

JANUARY 3, 2020

In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses to eligible applicants. Only two of the licenses will full digital banking licenses, while the other three will be wholesale banking licenses.

Digital Banking 130

Digital Banking Groups Regional Mobile 130

PYMNTS

JANUARY 21, 2020

The news comes after reports surfaced earlier this month that Beyond Consortium also has thrown its hat in the ring to apply for the country’s digital bank licenses. News also came to light in January that gaming company Razer was pursuing a digital banking license in Singapore along with Ant Financial.

Digital Banking 101

Digital Banking Groups Capital National 101

PYMNTS

JANUARY 13, 2021

Paytm offers a wide array of digital products throughout India, including a merchant payment platform, money transfers, and bill payments. The company, which was valued at $16 billion during a 2019 funding round, is backed by Chinese FinTech titan Ant Financial and Japanese conglomerate Softbank, Reuters said.

Digital Banking 156

Digital Banking Conference Lending Payments 156

PYMNTS

SEPTEMBER 24, 2019

The Bank of Israel is green lighting a new digital bank — the country’s first new financial institution in decades. The digital bank is led by entrepreneurs Marius Nacht of cyber security company Check Point Software Technologies , and Amnon Shashua of autonomous driving developer Mobileye NV.

Digital Banking 109

Digital Banking NV Cyber Security Innovation 109

PYMNTS

JUNE 17, 2020

In an interview with Karen Webster, Adrian Nazari , CEO of Credit Sesame, and Miro Pavletic , CEO of STACK, said the deal — of which financial terms were not disclosed — is based on the integration of smart banking underpinned with advanced technologies and credit management to create a financially strong consumer and savvy user of credit.

Digital Banking 143

Digital Banking Management Cards Survey 143

PYMNTS

NOVEMBER 19, 2019

The Monetary Authority of Singapore is offering as many as five digital banking permits to non-banks to boost competition. Ant Financial is worth around $150 billion, making it one of the most valuable private sector FinTech companies in the world. billion) in capital and local control. billion ($1.1

Digital Banking 101

Digital Banking Capital Taxes Groups 101

PYMNTS

OCTOBER 9, 2020

In today’s top news in digital-first banking, the government of the Philippines is considering limiting the number of digital banks that run in the country, while Ripple introduced its Line of Credit beta offering. Philippine Government Considers Digital Bank Limits.

Digital Banking 132

Digital Banking cryptocurrency America Meeting 132

PYMNTS

OCTOBER 5, 2020

Nexi , the Italian digital payment company, agreed Sunday (Oct. The transaction will create a company with a combined market capitalization of around 15 billion euros ($17.6 This is not the first mega deal involving FinTech companies. Earlier this year, Wordline SA , the French payment company, paid 7.8

Company 151

Company San Francisco Payments Fintech 151

PYMNTS

MAY 27, 2016

The digital banking industry is heating up — and fast. As a result, these capabilities are evaluated, and in turn, each company ranks in one of two categories — Business to Consumer and Business to Business — depending if the provider offers direct bank-to-customer services or digital banking solutions for banks.

Digital Banking 116

Digital Banking Fintech Software Industry 116

PYMNTS

APRIL 12, 2019

In total, more than $68 million in venture capital was announced — but that’s not counting the $130 million round for one U.K. FinTech gearing up to launch small business banking services. Below, find the latest in B2B venture capital funding. The company raised $1.75 Back Office.

Capital 139

Capital Cards Payments Fintech 139

BankInovation

JULY 8, 2022

YAP, a United Arab Emirates-based digital bank, has raised $41 million in funding, the company announced Monday. The bank plans to complete its series A by yearend. Investors include Saudi Arabia-based Aljazira Capital, Abu Dawood Group, Astra Group and Audacia Capital.

Digital Banking 52

Digital Banking Fintech Capital Groups 52

PYMNTS

FEBRUARY 21, 2020

LendingClub management said on the conference call that buying Radius provides access to capital beyond the traditional institutional investors that have helped fund the loans. Drilling down a bit, the company has also said that the deal shaves $40 million in annual funding and fee costs, which boosts margins.

Digital Banking 224

Digital Banking Conference Samsung Fintech 224

PYMNTS

AUGUST 22, 2019

Banks are not just competing for customer engagement and retention — they are also vying for funding and resources as they overhaul their infrastructure and banking tools. The latest Digital Banking Tracker examines how legacy institutions stay competitive with challenger banks. Competition Can Lead to Innovation.

Digital Banking 166

Digital Banking Mobile Study Data 166

CB Insights

AUGUST 17, 2021

Chime , a digital banking platform, has raised $750M in a Series G. The round drew participation from Sequoia Capital, Tiger Global Management, General Atlantic, SoftBank Group, and Dragoneer Investment Group. HOW’S THE COMPANY PERFORMING? The company reportedly has more than 5M customers in the US.

Capital 78

Capital Operations California Regional 78

PYMNTS

MAY 29, 2018

Citigroup said on Tuesday (May 29) that it won’t use high deposit rates to lure new customers to its digital bank – instead, it will go after its credit card customers. Citigroup’s efforts to grow its digital banking offering come at a time when activist investor ValueAct Capital recently revealed that it has a roughly $1.2

Digital Banking 108

Digital Banking Cards Marketing Conference 108

PYMNTS

NOVEMBER 23, 2018

In banking and payments architecture, especially in the digital realm, a corollary might be “form and function co-exist, and should be flexible enough to change rather quickly.”. Kennedy stated that 86 400 will exist, effectively, as a white-label offering to Cuscal clients, allowing for the emergence of Open Banking.

Digital Banking 134

Digital Banking Mobile Data Marketing 134

PYMNTS

JANUARY 13, 2021

The Office of the Comptroller of the Currency (OCC) granted digital asset platform Anchorage Trust Company a digital banking license, according to a press release Wednesday (Jan. With the national trust bank charter, South Dakota-based Anchorage will become Anchorage Digital Bank , National Association.

South Dakota 131

South Dakota Digital Banking Bitcoin cryptocurrency 131

Independent Banker

AUGUST 31, 2022

PayPal was the first company to offer this service, but with the explosion of social media, Facebook, Zelle, Square Cash App, Venmo, Apple Pay, Google Wallet and Twitter all support the feature today,” sums up ICBA Bancard president and CEO Tina Giorgio. DJ Seeterlin, Chesapeake Bank. The community bank opportunity.

Capital 94

Capital Payments social media Community Bank 94

PYMNTS

DECEMBER 1, 2019

The company was started in January 2019 by Benoît Grassin and Caroline Ménager. million) from Global Founders Capital. This is not the first banking account designed for teenagers. based Starling Bank, a mobile-only bank, rolled out current accounts for 16- and 17-year-olds. Pixpay costs €2.99 million (€3.1

Digital Banking 151

Digital Banking ATM Cards Capital 151

Perficient

MAY 26, 2021

In the session “Differentiating Your Brand for the Digital Era,” Scott will discuss how financial services companies can leverage digital technologies in new and innovative ways to create new value for consumers and businesses. Jamie Warder, EVP & Head of Digital Banking, KeyBank.

Fintech 462

Fintech North Carolina Charlotte Conference 462

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.

Digital Banking 100

Digital Banking Capital Cards Mobile 100

Bank Innovation

FEBRUARY 5, 2020

As consumers increasingly expect to complete bank interactions online, a survey commissioned by Lightico indicates that creating end-to-end digital journeys continues to be a struggle for many banks.

Survey 221

Survey Digital Banking Online Company 221

Payments Source

MARCH 15, 2021

Payservices would use deposits largely to support its existing business. It has no plans to make loans.

Florida 112

Florida Digital Banking Company Capital 112

PYMNTS

MAY 10, 2018

Capital is the lifeblood of economies, and of the companies (and yes, of course, individuals) that collectively make things and provide services … and in the age of FinTech, the capital comes digitally and across innovative channels. Within the FinTech space, there may be a resurgence of sorts for one firm.

Capital 122

Capital Fintech Kansas United States 122

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 world's going to open up, and how that happens will be an interesting thing.”.

Digital Banking 206

Digital Banking Tools Fraud Examples 206

The Paypers

MARCH 26, 2024

Singapore-based digital bank ANEXT Bank has secured USD 148 million in added capital from Ant Group , its parent company, as per regulatory filings tracking.

Groups 77

Groups Security Digital Banking Capital 77

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 first-of-its-kind app is a safe and secure alternative for teens to make purchases and send money to one another, the company said.

Digital Banking 139

Digital Banking Google Mobile Groups 139

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.

Capital 94

Capital Data Security Guidelines 94

PYMNTS

SEPTEMBER 11, 2019

The companies said that the offerings are scalable, and offer each customer their own dedicated HSM services, segregating financial and financial data. Banking on Banking Licenses. The company had received an account information service provider license from Danish authorities in 2018. In the United Kingdom. In the U.K.,

Digital Banking 177

Digital Banking Regulation Payments cryptocurrency 177

PYMNTS

JANUARY 10, 2018

Alkami Technology , a startup providing banks and credit unions with digital banking technologies, has announced new funding. 9) that General Atlantic made a strategic investment in the company, though Alkami did not say how much it raised in the Series D funding. The firm said Tuesday (Jan.

Digital Banking 108

Digital Banking Security Digital Strategies Innovation 108