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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. The license bid is “an opportunity for us to impact an underserved segment,” said Mi Li, ADVANCE.AI’s chief marketing officer. billion in capital on hand, and be governed by Singapore leadership.

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Vista Looks To Sell Huge Stake In Finastra FinTech

PYMNTS

Vista Equity Partners is reportedly thinking about selling a stake in London-based FinTech Finastra. FinTechs in Europe have been experiencing a rise in value as many investors look for alternatives to run-of-the-mill, brick-and-mortar banks. based community market customers and Malauzai’s non-core U.S.-based

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Why Collaboration Is Credit Unions’ Payments Innovation Advantage

PYMNTS

Yet CUs are also typically local institutions servicing close-knit communities, so taking on a leadership role within the global payments innovation ecosystem may not seem like the most natural fit. in markets like Kenya, mobile payments are the norm. ” Leadership Through Collaboration. . As the U.S.

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Lending Fintechs Acquire Analytics Fintechs: So What?

Gonzobanker

Recent acquisitions illustrate how data is driving fintech valuations. Fintech deals continue to dominate the financial service headlines, and a growing number of these transactions are in analytics. Precision Lender reports 150 clients, and Cornerstone sees them mostly in commercial banks. nCino recently announced.

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Neobank Revolut Applies For UK Financial Services License 

PYMNTS

After getting the banking license, Revolut said it would develop a “financial super app.” The FinTech startup has already created several financial services products, including cryptocurrency and stock trading, savings wallets, junior accounts and rewards. He will be tasked with developing the board and leadership team.

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Digital Bank Chime Suffers Outage Affecting 5M Customers

PYMNTS

Chime has described its target market as a younger demographic whose income ranges from $35,000 to $70,000 a year, who don’t want to pay the fees charged by larger brick and mortar banks, and are more likely to take their chances on a startup. Earlier this year, it reached a valuation of $1.5

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Bank CIOs Must Break Through The Tactical Barrier

Gonzobanker

In today’s talent market, there are plenty of job postings and headhunters seeking “experienced CIOs.” The operational world of cash, checks, deposit slips, passbooks, and teller terminals used to dominate bank tech budgets. team while also “buying” new competitive talent in the market. 2: Talent Shortage.

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