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Remitly to shutter digital banking platform Passbook

Payments Dive

The Seattle-based remittance fintech launched Passbook in 2020. The product, however, hasn’t garnered significant overlap with existing customers, Remitly CEO Matt Oppenheimer said.

Seattle 259
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Seattle Bank explores BaaS, embedded finance

BankInovation

Seattle Bank is preparing to enter the banking as a service and embedded finance markets as part of its digital banking and post-core conversion strategy. The $752 million bank is exploring microservices, moving to the cloud and establishing vendor relationships with API-first, open-banking capabilities.

Seattle 52
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Why Citi and Seattle Bank joined Google Pay

American Banker

The megabank and community bank recently announced they're offering accounts through the payment app. Both gave similar reasons: They need big tech to help them attract new customers.

Seattle 87
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New Remitly Service Provides Immigrants With Visa Debit Cards

PYMNTS

Seattle global remittance startup Remitly is rolling out a new banking product created especially for immigrants, the company announced Monday (Feb. North America’s biggest independent digital remittance company is introducing Passbook for immigrants, to help them bypass the typical barriers of opening a bank account.

Cards 146
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Remitly Taps Immigrant Market With New Passbook Banking Service

PYMNTS

Seattle global remittance startup Remitly is rolling out a new banking product created especially for immigrants, the company announced Monday (Feb. North America’s biggest independent digital remittance company is introducing Passbook for immigrants, to help them bypass the typical barriers of opening a bank account.

Marketing 137
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Finastra launches embedded consumer lending solution

Bobsguide

” Josh Williams, EVP, Chief Banking Officer at Seattle Bank said , “Banking as a Service (BaaS) is a vital component of our growth strategy and embedding loans at the consumer point-of-sale opens a new channel to provide financing to customers we couldn’t have reached before.

Lending 68
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Top 63 Online Digital Banks for U.S. Consumers (Nov 2023)

Fintech Labs Insights

Consumers have been banking online for 28 years. And from the very beginning, there have been pure-play digital banking startups. The first, online bank Security First Network Bank (SFNB) launched in 1995, just a year after Amazon.com. But unlike ecommerce, digital-only banking was slow to catch on.