Y-Combinator’s Verto Launches USD Accounts with Funds 100% Safeguarded for African Start-ups, Enterprises, and VCs
- 2 years 9 months ago
- Digital banking
Verto, a London-based FCA-authorised Electronic Money Institution (EMI), launched USD accounts that see customer funds deposited held in protected accounts in accordance with Electronic Money Regulations 2011 (EMRs), which imposes safeguarding requirements to protect customer funds received for the provision of a payment service or e-money.
USDC Developer Circle Calls for Fed Backing after Surviving SVB Collapse
- 2 years 9 months ago
- Digital banking
Financial technology company Circle believes the collapse of Silicon Valley Bank shows the need for its USDC stablecoin to be backed by the U.S. Federal Reserve with its U.S. dollars held at the Fed.
5 Innovations That Deliver the Digital Banking of the Future
- 2 years 10 months ago
- Digital banking
The introduction of digital banking has revolutionized the way customers manage their finances, providing a more convenient, secure, and accessible banking experience compared to traditional banking methods. With digital banking, people can access and manage their bank accounts using smartphones or computers, eliminating the need for physical branch visits and long queues. This has led to continuous innovations in banking industry.
Digital Banking Market Revenue to Cross US$ 13.5 Tn by 2032
- 2 years 10 months ago
- Digital banking
As per a recent industry report put forward by Global Market Insights, Inc. Digital Banking Market is forecast to register its name in the billion-dollar fraternity down the line of seven years, by exceeding a revenue of USD 13.5 trillion by 2032 with a projected CAGR of 3.6% over 2023-2032.
Digital Banking App Downloads Surged 54% in 2022 Exceeding 26 Million
- 2 years 10 months ago
- Digital banking
The banking industry has experienced a shift in recent years, with the emergence of digital banks transforming how individuals interact with and oversee their finances. As more consumers gravitate towards digital banking apps, there has been exponential growth in the popularity of these fintech platforms.
Sumsub Partnerships with TrueNorth to Digitally Transform Global Banking
- 2 years 10 months ago
- Digital banking
Sumsub, a global all-in-one verification platform, has teamed up with TrueNorth, a leading fintech software development company, to help banks in the US and beyond expand to global markets and digitize their services.
PwC Collaborates with FintechOS to Launch New Digital Banking Solution on Microsoft Cloud for Financial Services
- 2 years 10 months ago
- Digital banking
FintechOS, a leader in fintech enablement, is to collaborate with PwC to support its new digital banking solution: Infinite Financial Solutions for Banking. Powered by Microsoft’s Cloud for Financial Services and leveraging FintechOS’s technology platform, the solution enables financial institutions to accelerate digital transformation and elevate customer experience in a cost-effective way.
It’s Official: Griffin Becomes UK's Newest Bank!
- 2 years 10 months ago
- Digital banking
Today, Griffin announced that it has been authorised as a UK bank subject to restrictions. The company is now officially in mobilisation - a huge milestone in its journey from fintech startup to bank.
Starling Bank Reveals Location of new Northern Base as Headcount Swells
- 2 years 10 months ago
- Digital banking
Starling Bank has chosen Barings’ Landmark in Manchester to house its new office in the North. The digital bank intends to create up to 1,000 new jobs for the region to fulfil roles across the company, including in operations, engineering, data science and cybersecurity.
27/02 – Weekly Fintech Recap
- 2 years 10 months ago
- Artificial Intelligence, Digital banking, Payments, M&A Deals, People Moves
Partnerships Western Union and Beforepay Offer ‘Send Now, Pay Later’ Service to Consumers for International Money Transfers
Revolut Launches Online Checkout Feature with One-click Payment - Revolut Pay
- 2 years 10 months ago
- Digital banking
Revolut, the global financial super app with over 20 million retail customers, today launched Revolut Pay - a new secure online checkout feature which allows UK and EEA merchants to present ‘Revolut Pay’ as a payment method across product, cart, and checkout pages.
ebankIT and Five Degrees Enter a Strategic Partnership with Global Ambition
- 2 years 10 months ago
- Digital banking
ebankIT, an omnichannel digital banking platform, has signed a partnership with °neo by Five Degrees, the cloud-native core banking platform. The collaboration seeks to improve digital experiences by creating a more robust end-to-end banking platform for banks and other lenders. This gives them the modern financial tools to reduce their time-to-market and stay ahead of the competition.
Clip Money Inc. Announces Non-Brokered Private Placement
- 2 years 10 months ago
- Digital banking
Clip Money Inc. (“Clip Money” or the “Company”), a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce a non-brokered private placement (the “Private Placement”) of up to 1,538,462 units of the Company (each a “Unit”) at a price of CAD$0.65 per Unit for gross proceeds of up to CAD$1,000,000 (the “Offering Size”). The Offering Size may be increased at the discretion of the Company.
20/02 – Weekly Fintech Recap
- 2 years 10 months ago
- Digital banking, Insurtech, Payments, M&A Deals, People Moves
Partnerships Gate.io is Fully Integrated with Copper’s ClearLoop Network
Zopa Acquires DivideBuy in 2023 Embedded Finance Push
- 2 years 11 months ago
- Digital banking
Zopa is set to acquire DivideBuy’s point-of-sale (POS) finance technology and lending platform. The transaction, which will complete in the next few months, marks Zopa’s first acquisition.
