PYMNTS

SEPTEMBER 11, 2019

Anglo-Gulf Trade Bank (AGTB) was awarded the first digital banking license and Category 1 status from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), Islamic Business & Finance reported on Wednesday (Sept.

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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. billion, will use the new funding to expand to further markets, including the United States, Australia, and Hong Kong. This new raise brings the amount of money the digital […].

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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. Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. billion ($1.1 Grab + Singtel .

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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. million USD) in a Series B funding round, led by NGP Capital and ETF Partners. Starling Bank.

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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.”. Early next year, 86 400 — representative of the number of seconds in a day — will come to market, branchless and backed by the payments provider.

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ABA Community Banking

JULY 15, 2020

When COVID-19 accelerated customer movement into mobile and online banking solutions, and triggered consumers to push their funds into bank accounts, banks that had made investments in the digital customer experience were positioned to capitalize.

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Bank Innovation

AUGUST 5, 2016

Banks only care about millennials, right? Not really, though marketing about digital efforts may make it appear that way.

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PYMNTS

NOVEMBER 19, 2019

The Monetary Authority of Singapore is offering as many as five digital banking permits to non-banks to boost competition. It also owns the world’s biggest money market fund, Yu’e Bao, and a credit-rating system called Sesame Credit. billion) in capital and local control. billion ($1.1

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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 plans to tackle the European market as early as 2021 and target two million customers within five years, according to DutchyCorp Tech News. The startup has raised $3.4

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Chris Skinner

FEBRUARY 16, 2020

Things we’re reading today include … China disinfects banknotes and quarantines them for 14 days Brexit: Britain and EU ‘will rip each other apart’ in trade talks Former Morgan Stanley president slams Europe’s capital markets Climate change could make premiums unaffordable: QBE Insurance UK digital bank Monzo plans to hire … (..)

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Independent Banker

AUGUST 31, 2022

Solutions including Zelle, a bank-based, closed-loop digital payments network, and CHUCK, an open network for instant payments from a consortium of banks, bring with them a frictionless payments experience emanating from the bank’s digital banking app. billion-asset Chesapeake Bank in Kilmarnock, Va.,

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PYMNTS

JULY 28, 2019

Small and medium enterprises are really the boiler room of the economy,” said Keith Pogson, a senior partner in charge of banking and capital markets at Ernst & Young LLP in Hong Kong, according to Bloomberg. “It It used to be a segment that banks thought was too difficult and too risky.

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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.

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PYMNTS

FEBRUARY 27, 2019

HSBC is looking toward the alternative finance sector to strengthen its position in the middle market, the financial institution said. Commercial Banking revealed its partnership with Neptune Financial (NepFin). businesses,” said HSBC Head of Digital Banking EJ Achtner in a statement. Announced Tuesday (Feb.

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PYMNTS

JUNE 13, 2018

Holdaway, who has an MBA from Harvard Business School, joins Barclays after 15 years at Capital One , where he held a variety of senior leadership roles in new business initiatives, internet acquisitions and partnership finance. into the future as we continue to leverage our global capabilities and deepen our presence in the market.”

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PYMNTS

JULY 30, 2019

The $4 million in funding was led by Experian Ventures, Dig Ventures and Cherry Tree Investments, along with participation from new and existing investors including Social Leverage, Wavemaker Partners and Mucker Capital, Stackin’ said in a press release.

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CB Insights

JUNE 10, 2021

Nubank , a fintech company, has raised $750M in an extended Series G round that drew participation from Berkshire Hathaway, Sands Capital, CPP Investments, and MSA Capital, among others. The company caters to more than 40M customers across Brazil, Mexico, and Colombia, making it the largest digital bank in the world.

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PYMNTS

JANUARY 22, 2020

Grab , Razer , AirAsia , Axiata and CIMB join other companies that are considering applying for digital banking licenses in Malaysia, sources told Reuters on Wednesday (Jan. Some are in discussions with consultants for guidance as they ponder a move into digital banking, according to the sources, who are familiar with the matter.

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PYMNTS

JUNE 24, 2020

million) to become a challenger bank. The news of the funding it had struggled for came days before its conditional banking license was set to expire. Zopa received those funds from a group linked to IAG Capital Partners, a U.S.-based Capital One was one of the earlier disrupters,” Janardana said. based fund, and its U.K.

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PYMNTS

APRIL 24, 2020

With social distancing and an economic downturn the new reality for many markets around the world, venture capital is expected to slow significantly. Yet demand for contactless payments and digital, automated financial solutions means FinTech funding may not take as hard of a hit as other startup segments. Cross River Bank.

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PYMNTS

NOVEMBER 9, 2020

Plus, Lloyds Bank partners with a FinTech to streamline supply chain finance, Expensemanager collaborates to automate expense management and Xendoo pairs up on accounts receivable optimization. Lloyds Bank, Demica Team up for SCF Digital Onboarding. businesses and affiliates, a press release says.

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Bank Innovation

AUGUST 30, 2017

SaaS-based digital banking platform Urban FT said that troubled cloud-based SaaS technology provider, Digiliti Money has rejected its takeover offer of $10.5

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PYMNTS

NOVEMBER 24, 2020

FinTech, digital banking, saving, N26, banking, news, what's hotGerman FinTech N26 is launching a subscription-based digital banking suite to help individuals and businesses better manage their savings and spending. N26 is the pioneer of a freemium subscription model in banking. Value d at $3.5

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CB Insights

NOVEMBER 21, 2019

The 2019 Canadian fintech market map. The startups selected for inclusion in the market map below are all Canada-headquartered, VC-backed fintech companies that have at least US $1M in equity funding, and have obtained equity funding since the start of 2015. Navigating the Canadian fintech market map. Capital markets.

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PYMNTS

APRIL 24, 2020

Monzo Bank Ltd., the British digital bank, has taken the next step to expand into the U.S. market, where it has already done some testing. Office of the Comptroller of the Currency for a banking license. banking license is a significant milestone in our mission to make money work for everyone,” Monzo U.S.

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PYMNTS

AUGUST 11, 2020

With its losses mounting, the London-based digital bank may need to tap into its corporate reserves to keep up with its expansion plans. Revolut attributed the losses to its expansion into new markets and the introduction of new products. The company posted a total loss of $139.6 million (£106.5 million) in 2019 — up from £32.9

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San Francisco Fintech Digital Banking California 239

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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The Financial Brand

MARCH 15, 2023

This article Rate Wars: How Digital Banks Keep Pushing CDs Higher appeared first on The Financial Brand. Marcus, Ally, Barclays and Capital One led the charge to 5% CD rates but they're not alone — and rate isn't the only trick up their sleeves.

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FICO

FEBRUARY 12, 2023

Home Blog FICO Top 5 Customer Development Posts of 2022: Digital Banking and Pricing Opti The most popular posts in our Customer Development category dealt with digital banking, optimizing credit line increases, loan pricing and machine learning for credit risk models.

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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

Digital Banking Capital Regulation Lending 142

PYMNTS

JANUARY 2, 2020

Gaming company Razer is going after a Singapore digital banking license, along with China’s largest online monetary platform Ant Financial , according to reports on Wednesday (Jan. Razer FinTech will own a 60 percent majority stake Razer Youth Bank, which will be headquartered in Singapore. . Google and Temasek Holdings. .

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Gonzobanker

JULY 7, 2015

Yet while the demos and screen shots at events like Finovate have provided fascinating fodder regarding the future of digital banking, the FACTS show that these buzz-worthy players have had infinitesimal impact on market share. Ally Bank $23,212,768 $60,709,382 $37,496,614. Capital One* 29,565,607 54,374,989 24,809,382.

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Bank Innovation

JANUARY 12, 2020

The rush to be the best bank-type platform has created a crowded market, both in the business-to-business and direct-to-consumer fintech sectors. To one fintech investor, the plethora of digital banking platforms is hardly a […].

Tools 259

Tools Fintech Digital Banking Marketing 259

PYMNTS

JANUARY 7, 2021

Cloud banking startup Mambu has raised €110 million (nearly $135 million) in a new funding round aimed at financing the company’s global expansion. Current investors Bessemer Venture Partners, Runa Capital and Acton Capital Partners also took part. TCV's investments include Netflix, RELEX, Spotify and WorldRemit. .

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The Financial Brand

FEBRUARY 11, 2020

As it promotes 'Eno' in a national TV ad campaign, the bank reveals key details about its AI-powered, but less-well-known, digital assistant. The post Capital One Doubles Down on Chatbot with New Features and Marketing appeared first on The Financial Brand.

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Chris Skinner

MAY 12, 2017

Here’s what they published: ‘The clock is ticking for Pakistan’s legacy banks,’ Chris Skinner, global fintech expert An independent commentator on financial markets and fintech through his blog, the Finanser.com, Chris Skinner is one of the biggest names in fintech today. BRR: How critical are the capital requirements?

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PYMNTS

SEPTEMBER 30, 2020

“We believe demand by small businesses seeking access to unsecured capital will be at unprecedented levels because most businesses have already accessed the government-backed business loan programs in the U.K. and Australia market,” said Goldin in the release. The FinTech has been operating in those markets for over 12 years. “It

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