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Israel Approves New Digital Bank

PYMNTS

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.

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Procurement, Digital Banking See VC Funding Rounds

PYMNTS

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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The Race For Singapore’s Digital Banking Licenses

PYMNTS

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.

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Top Digital Banking Players Ranked

PYMNTS

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.

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ASL and Finastra ink partnership for combined treasury software and DevSecOps offering in Hong Kong

Bobsguide

ASL and Finastra ink partnership for combined treasury software and DevSecOps offering in Hong Kong and Macau. We are extremely pleased to be ASL’s first core application software partner in the financial services industry and we look forward to working closely with them to provide a unique, unified treasury software offering.”.

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Nigerian FinTech Kuda Raises $1.6M For Digital Banking Tech

PYMNTS

Ogundeyi, who previously held a financial advisory role with the Nigerian government, co-founded Kuda in 2018 with Musty Mustapha, a former Stanbic Bank software developer. “We We have built our own full-stack banking software from scratch.

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Texas Startup Alkami Raises $70M For Mobile Banking Software

Bank Innovation

Alkami, which provides white-labeled solutions for banks and credit unions to implement across their digital and mobile platforms, was started in 2009 because there “wasn’t a lot of innovation that was happening in the digital banking space,” […].

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