Bank Innovation

APRIL 26, 2019

Capital One Financial plans to complete the exit from its data centers and to go fully into the public cloud by the end of 2020, Chairman and CEO Richard Fairbank said during the bank’s first-quarter earnings call on Thursday. based bank is expecting its full-year operating efficiency ratio to improve to 42% in […].

Capital 170

Capital Operations Data Digital Banking 170

PYMNTS

JUNE 19, 2019

The Financial Times said on Tuesday (June 18) that RBS picked Marieke Flament, Circle ‘s CMO and European managing director, to serve as CEO of the digital bank, Mettle. lender to launch a separate digital bank, reports noted, with plans to debut the Mettle app in August. RBS is the first top U.K. ”

Digital Banking 122

Digital Banking Operations Lending Report 122

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 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 26, 2020

British banking unicorn Monzo is in talks with Japanese investment conglomerate SoftBank for financial assistance in its growth plans into the U.S. The digital bank is looking to raise around £100 million (nearly $ 130.6 The London-headquartered bank raised £113 million in June from the U.S. million USD) in new funding.

Los Angeles 193

Los Angeles Capital Digital Banking Fintech 193

PYMNTS

NOVEMBER 19, 2019

The Monetary Authority of Singapore is offering as many as five digital banking permits to non-banks to boost competition. China is offering up to two licenses for a full digital bank, which can serve all customers and require S$1.5 billion) in capital and local control. billion ($1.1

Digital Banking 101

Digital Banking Capital Taxes Groups 101

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, in coming to market with a mobile-only model, “just changing the form factor is not enough.

Digital Banking 134

Digital Banking Mobile Data Marketing 134

PYMNTS

APRIL 12, 2019

Investors backed a range of B2B FinTechs this week operating in areas including accounting, cross-border payments, virtual cards, expense management, cybersecurity and more. In total, more than $68 million in venture capital was announced — but that’s not counting the $130 million round for one U.K. Back Office. Buckzy Payments.

Capital 139

Capital Cards Payments Fintech 139

PYMNTS

SEPTEMBER 15, 2020

The world doesn’t need another bank,” Poovala told Webster. The world needs a FinTech operating system.”. For individuals, the process can be equally frustrating, mandating that they go in person to the branch to activate those cards — and the wait, of course, can feel interminable when one simply wants to have access to funds.

System 258

System Operations Fintech Taxes 258

Bobsguide

AUGUST 7, 2022

Cloud migration digitalizes the bank’s processes, enhances integrated ecosystems and enables new opportunity for growth in the UK. Moving from an on-premises model to a cloud-based managed service is a big part of our operational strategy for treasury activity,” said Gary McDermott, Treasurer at The Co-operative Bank.

Operations 68

Operations Strategy Innovation Policies 68

Perficient

MAY 26, 2021

Fintech Generations is produced by Queen City Fintech (QCFintech), a premier global fintech accelerator program, and is part of the RevTech Labs operating companies. RevTech Labs alumni have raised over $2 billion in venture capital and have had more than $230 million in company exits. Kim Snipes, CIO Consumer and Digital, KeyBank.

Fintech 462

Fintech North Carolina Charlotte Conference 462

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

SEPTEMBER 11, 2019

As reported, Allica has aid that it has been granted a banking license by the Prudential Regulation Authority. That license will let the challenger bank launch banking operations, regulated by both the PRA and the Financial Conduct Authority.

Digital Banking 177

Digital Banking Regulation Payments cryptocurrency 177

PYMNTS

JANUARY 8, 2021

Yesler operates a B2B eCommerce platform for the lumber and building materials industry, and investors at Tech Square Ventures have just led a $3.3 India's BharatPe, which operates a B2B payments platform, is currently in the process of building credit solutions for its business users that will include short-term capital loans.

Fintech 203

Fintech Capital Lending Operations 203

PYMNTS

DECEMBER 17, 2020

Kakao Bank Corp. , a South Korean digital bank, has chosen Credit Suisse and KB Investment & Securities as its advisors for its upcoming initial public offering (IPO), Reuters reported. The bank's most current valuation is estimated to be around 10 trillion won ($9.1 Kakao Pay , the FinTech arm of Kakao Corp.

Samsung 243

Samsung Digital Banking Security Fintech 243

PYMNTS

AUGUST 30, 2016

The latter is its most recent venture, having announced last July that it would begin lending to its small business clients as part of an effort to expand into a digital bank. which would take on all of the eCommerce operations currently under Paytm. Paytm is run by parent company One97 Communications.

Capital 100

Capital Lending Operations Digital Banking 100

PYMNTS

JANUARY 24, 2021

is close to a deal to buy ATM operator Cardtronics , fending off two other bidders, according to the Wall Street Journal on Sunday (Jan. Cardtronics boasts 285,000 ATMs in 10 countries, and is one of the biggest cash machine operators in the world, WSJ writes. billion, those with knowledge of the matter told WSJ.

ATM 293

ATM Retail Operations Software 293

PYMNTS

DECEMBER 28, 2020

The pandemic has cost more than 300,000 lives in the United States alone, and it has also challenged many institutions — such as credit unions (CUs) — that were never designed to operate on a primarily remote basis. Coast Capital On The Innovations Driving CUs’ Digital-First Future. To get the full story, download the Tracker.

North Carolina 197

North Carolina Houston Fraud Innovation 197

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

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

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

CFPB Monitor

APRIL 25, 2022

The January 2021 Operating Agreement . In January 2021, the OCC granted Anchorage conditional approval for a national trust bank charter. The preliminary approval had requirements, including that Anchorage enter into an Operating Agreement with the OCC. The Consent Order.

Compliance 78

Compliance Digital Banking Training South Dakota 78

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

PYMNTS

JANUARY 15, 2021

Its micro-financing portal targets SMBs that cannot access capital via traditional means. The $10 million recently raised for Indonesia-based BukuKas will help the small business Software-as-a-Service company expand its product offering with an ultimate goal of launching a small business digital bank. Modern Treasury.

Capital 167

Capital Fintech Operations Technology 167

PYMNTS

NOVEMBER 17, 2020

Highlighting the need to accelerate access to capital for SMBs, HSBC said it is integrating Biz2X within its existing HSBC Fusion offering to speed up credit application approval. In a statement , HSBC Bank USA Head of Retail Business Banking Shaun McDougall said fueling the SMB community is important to support the broader U.S.

Fintech 247

Fintech Alabama Lending Software 247

PYMNTS

JANUARY 27, 2020

Singapore is aiming to boost cryptocurrency firms by offering them a chance to apply for operating licenses. The move, called the Payment Services Act, will allow global cryptocurrency firms the chance to expand their operations. Both already operate in Singapore. and London-based Luno.

Regulation 151

Regulation cryptocurrency Payments Bitcoin 151

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. .

United States 255

United States Software Capital Marketing 255

PYMNTS

JULY 8, 2020

Based in Hangzhou, China, the company operates Alipay, an online payment service that debuted in 2004 and has evolved into the world’s largest payment and lifestyle platform, the company said. 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

PYMNTS

NOVEMBER 24, 2020

challenger bank Current has raised $131 million in a Series C funding round, according to a press release. The round was led by Tiger Global Management , while new investors Sapphire Ventures and Avenir also contributed alongside existing investors Foundation Capital , Wellington Management Company and QED Investors.

Mobile 185

Mobile Digital Banking Meeting Capital 185

PYMNTS

JULY 27, 2020

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.

United States 140

United States Leadership Risk Management California 140

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

Digital Banking 207

Digital Banking Capital Technology Marketing 207

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.

Digital Banking 60

Digital Banking Industry Capital Strategy 60

PYMNTS

JANUARY 25, 2021

In his eight years at the startup, he helped grow market capitalization to 11 billion euros from 2010 to 2017. Dropbox leader Adrienne Gormley will become the chief operating officer. The mobile digital-only bank now has over 5 million customers, more than twice the number of users than it had in early 2019.

Fintech 254

Fintech Operations Tools Capital 254

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. The FinTech has been operating in those markets for over 12 years. “It and Australia market,” said Goldin in the release.

Fintech 210

Fintech New York Capital Lending 210

PYMNTS

JANUARY 21, 2020

Qonto is operational in Spain, France, Italy and Germany, and handled €10 billion ($11.08 It also plans to hire more employees with the capital. In 2018, Qonto was awarded a payment institution license, developing its own banking apparatus from there. Qonto launched its corporate digital banking solution in 2017.

Capital 131

Capital Digital Banking Compliance Mobile 131

PYMNTS

FEBRUARY 21, 2017

startups have felt the impacts of operating in a post-Brexit economy — with dips in funding and pressure to vacate for better opportunities. But even he has faced difficulties last year in trying to build up a venture capital (VC) fund to back European entrepreneurs due to the uncertainty cast by Brexit. It’s no secret that U.K.

Digital Banking 101

Digital Banking Capital Fintech Groups 101

PYMNTS

AUGUST 24, 2019

Digital banking alternative Revolut is partnering with executives from Deutsche Bank , ClearBank and N26, Financial Times reported on Friday (Aug. The banking startup was previously focused only on travel money and now is striving to become a more “global bank.”. The bank has amassed 4.7

Operations 135

Operations Digital Banking Capital Security 135