PYMNTS

NOVEMBER 6, 2020

Starling Bank is pushing ahead with plans to raise another $263 million as the U.K.-based based digital bank looks to fuel additional expansion in its home market while eyeing an initial public offering (IPO) down the line. digital bank public.

Digital Banking 115

Digital Banking Capital Policies Management 115

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.

Capital 194

Capital Lending Operations Online 194

PYMNTS

NOVEMBER 24, 2020

The conversation came against a backdrop where, as noted in a recent PYMNTS Tracker , a majority of Americans did their banking online last year. As more banking has shifted online, an increasing amount of that online activity is occurring across mobile conduits. Getting Customers Used To More Self-Service.

Digital Banking 267

Digital Banking Analytics Mobile Cards 267

PYMNTS

DECEMBER 29, 2019

As online banking continues rapidly evolving , ahead of another anticipated round of funding next year, digital challenger bank Monzo remains in discussions to secure as much as £100m in upcoming weeks. million customers in 2019, offering those users a mobile app bank account and a distinctively-colored coral credit card.

Capital 143

Capital United States Digital Banking Online 143

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.

Digital Banking 122

Digital Banking Customer Experience Capital Mobile 122

PYMNTS

MAY 9, 2019

The banking regulator in Hong Kong has issued an additional four online-only banking licenses to Ping An, Alibaba, mobile phone maker Xiaomi and a joint venture (JV) consisting of Tencent, ICBC and Hillhouse Capital. Reuters is reporting that this totals eight total licenses handed out by the government.

Online 171

Online Capital Regulation Fintech 171

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

Bank Innovation

SEPTEMBER 30, 2019

Mascoma Bank increased its online account applications by 400%, thanks to a revamped online application process that rolled out in April. based bank turned to the banking software company nCino to design a digital banking experience that didn’t rely on paperwork. The Lebanon, N.H.-based

Online 150

Online Software Digital Banking Company 150

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

FEBRUARY 21, 2020

Upon releasing its latest earnings, LendingClub , known up until now for its personal loans delivered through its online platform, said it had struck a deal to buy Radius Bancorp. The $185 cash and stock deal would bring an online bank with $1.4 billion in assets under LendingClub’s umbrella.

Digital Banking 224

Digital Banking Conference Samsung Fintech 224

PYMNTS

JANUARY 13, 2021

India has until this point been a cash-based economy, where even consumers shopping online often paid in physical currency via cash on delivery (COD). Brazil’s Nubank has also been boosted by pandemic demand for digital banking, Co-Founder Cristina Junqueira told the Reuters conference.

Digital Banking 156

Digital Banking Conference Lending Payments 156

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

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. This new raise brings the amount of money the digital […]. The company, which is now worth $1.7

Capital 244

Capital United States Digital Banking Marketing 244

PYMNTS

DECEMBER 1, 2019

There are limits on ATM withdrawals and online payments. 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. Rival Lydia allows teens who are 14 years old and older.

Digital Banking 151

Digital Banking ATM Cards Capital 151

American Banker

FEBRUARY 15, 2024

They could also introduce free credit scores and capitalize on generative AI, experts say. Financial institutions need to reconsider the logic and intuitiveness of their website design.

Online 85

Online Capital Digital Banking Technology 85

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

CB Insights

MAY 25, 2021

Found , a self-employment online banking platform, has raised $12.8M The round drew participation from Sequoia Capital and undisclosed angel investors. California-based Found is a digital bank that offers banking, book-keeping, and taxation services for self-employed people. in a Series A funding round.

Online 62

Online California Digital Banking Capital 62

PYMNTS

APRIL 21, 2016

As the world goes increasingly digital, banks are struggling to decide how they should package their digital service offerings. Should they fold digital banking services into their existing traditional brick-and-mortar accounts, or spin them off into stand-alone, digital-only entities? Why spin out?

Digital Banking 100

Digital Banking User Experience Exercises Mobile 100

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. across credit cards, online savings and loans,” said Rodrigues.

Capital 100

Capital Cards Delaware Payments 100

PYMNTS

NOVEMBER 9, 2020

Lloyds Bank Commercial Banking has partnered with Demica , a working capital FinTech, to roll out a new supply chain finance platform for U.K. FinTech Xendoo , which works in online accounting and bookkeeping solutions, has partnered with Biller Genie on automated accounts receivable (AR) services, a press release says.

Payments 190

Payments Software Digital Banking Fintech 190

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.

Digital Banking 136

Digital Banking Regional Capital Study 136

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. It has so far received $800 million in venture capital. Value d at $3.5

Tools 231

Tools Management Digital Banking ATM 231

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.

Fintech 201

Fintech Capital Groups ATM 201

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.

Cards 152

Cards California Capital Tools 152

PYMNTS

SEPTEMBER 30, 2020

The FinTech Capify has pulled in an additional $10 million in an equity round of funding and is banking on continued support from the Goldman Sachs Merchant Banking Division for its lending platform, which is geared to small to medium-sized businesses (SMBs). Capify is an online alternative lender that serves SMBs in the U.K.

Fintech 210

Fintech New York Capital Lending 210

PYMNTS

AUGUST 21, 2020

JPMorgan Chase plans to launch a digital bank in the United Kingdom early next year, Sky News reported Friday (Aug. The move “will enable it to capitalize on the accelerating transition of millions of bank customers from branch-based activity to digital services during the COVID-19 pandemic,” the news outlet said.

Report 173

Report Digital Banking Lending Technology 173

PYMNTS

JUNE 16, 2020

Online U.K. bank Monzo , fresh off a round of layoffs, has taken a major hit from the coronavirus pandemic, as shown by a funding valuation that is 40 percent lower than its valuation last year. However, this new injection of capital values Monzo at $1.5 billion, down from its $2.5

Capital 236

Capital Analysis Digital Banking Report 236

Bank Innovation

AUGUST 23, 2018

Consumers want banks to do more than just hold their money, they want their banks to help them meet their financial goals. In fact, a new consumer report by CSI shows that 83% of American consumers agree with that statement. That number jumped to 87% for consumers with an annual household income of $100,000 or […].

Digital Banking 236

Digital Banking Meeting Report America 236

PYMNTS

SEPTEMBER 2, 2020

Brazilian digital bank Neon is gearing up for another big wave of expansion after landing hundreds of millions of dollars in venture capital funding. The expansion comes as Neon rides a wave of growth amid the coronavirus crisis, which has spurred interest in digital banking around the world.

Digital Banking 143

Digital Banking Leadership Capital Taxes 143

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. .

Digital Banking 130

Digital Banking Capital Google Cards 130

PYMNTS

JANUARY 13, 2021

Vietnam’s MoMo, the digital wallet company, has raised $100 million from a collection of six investors co-led by Goodwater Capital and Warburg Pincus. MoMo reportedly intends to use the funds to bankroll plans to become a “super app” as well as to go public in 2025.

Digital Banking 141

Digital Banking ATM Capital Regional 141

PYMNTS

DECEMBER 28, 2020

Houston-based First Service Credit Union has selected a third-party provider’s digital banking suite to enhance its members’ online access to financial services. The agreement will give the CU access to offerings such as an omnichannel digital banking platform with biometric login capabilities.

North Carolina 197

North Carolina Houston Fraud Innovation 197

PYMNTS

JULY 8, 2020

Ant Group, the online payment service affiliate of China’s Alibaba Group Holding Ltd, is looking to go public as early as this year, Reuters reported. . In January, Ant began discussions with banks to resurrect plans for an IPO that was shelved over a year ago due to regulatory and profitability issues.

Groups 175

Groups Report Capital Regulation 175

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. Read the full customer development post 4.

Digital Banking 52

Digital Banking eBook Analytics Customer Experience 52

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98

Online Company Retail Payments 98

PYMNTS

APRIL 27, 2016

Goldman Sachs has officially entered the world of online retail banking. On Tuesday (April 26), various media outlets reported that the investment bank is expanding its customer base with the launch of its own FDIC-insured, Internet-based savings bank called GS Bank. savings bank annual yield of.06

Retail 100

Retail Online FDIC Software 100

PYMNTS

JANUARY 19, 2021

Portugal’s largest bank, Caixa Geral de Depósitos (CGD), is working with Backbase to implement the FinTech’s engagement solution, according to an announcement. The FI aims to wield Backbase tools to create digital banking channels across its operations, with its focus first landing on SMBs. ní banka Taps Temenos.

Fintech 341

Fintech National Groups Tools 341