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ADVANCE.AI Consortium Seeks Singaporean Digital Banking License

PYMNTS

Yet another business consortium vies for a lucrative, wholesale digital banking license, according to reports. billion in capital on hand, and be governed by Singapore leadership. billion in capital on hand, and be governed by Singapore leadership.

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Perficient to Present at Fintech Generations 2021

Perficient

Perficient is excited to announce that Fintech Generations 2021 , a global fintech thought leadership event that takes place June 7-11, will feature Scott Albahary, chief strategist, financial services. RevTech Labs alumni have raised over $2 billion in venture capital and have had more than $230 million in company exits.

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CEO Davies Exits Revolut After One Year

PYMNTS

Banking veteran Richard Davies is leaving his role as CEO of banking at digital-banking shop Revolut , one year after coming aboard to bring his seasoned skills to the startup, the Financial Times reported. Davies’ exit comes just four days after the London-based operation announced $80 million in new funding.

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Digital change outcomes impact bank performance

Accenture

Digital transformation is the #1 issue for many executive teams, but does digital pole position consistently generate superior economic performance or do other in-race factors determine which banks come out on top? The higher valuations are also justified by better operating economics and return on capital.

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Fundbox, Tipalti Tip The B2B Payments VC Scales

PYMNTS

A summer lull in B2B venture capital appears to have given way to an impressive start to the fall season. s Nationwide Building Society did not disclose how much it invested in BankiFi , but it did say that it’s support to the open banking FinTech comes as Nationwide plans to launch a business current account. said this week.

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Trust: Once Again the Most Precious Currency in Banking

Gonzobanker

It’s a good time to surround the executive team with a diversity of smart advisors and capital market players. Balancing some pain on the cost of funds will be needed for banks to be trusted enough on the liquidity side of the house. The slow, evolving maturity of a bank’s enterprise risk program needs to speed up fast.

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Revolut Refines Its Culture As It Seeks Expansion

PYMNTS

According to a report in The Financial Times , Revolut is making changes — including adding a customer service phone number — as it seeks to become more than a challenger bank, which will require increased funding from investors. The bank has amassed 4.7 The reality is we have never done anything wrong.” For now we are fine.