01/08 – Weekly Fintech Recap
- 2 years 10 months ago
- Artificial Intelligence, Blockchain, Digital banking, Payments, Banking, FinTech StartUps, IT Innovations, M&A Deals, People Moves
Partnerships Microsoft and Nexi Drive Payments Digitisation in Europe
Virgin Money Launches Marketplace – a New Online Service for Small Businesses
- 2 years 11 months ago
- Digital banking
Virgin Money has launched a new online service called Marketplace where small business banking customers can access a number of different useful services offered by best-in-class digital providers.
Virgin Money Partners with BrightHR
- 2 years 11 months ago
- Digital banking
Virgin Money is partnering with BrightHR, the award-winning multi-service HR platform, to provide its small business customers with support in managing all their HR and health & safety needs. The bank's offering to business current account customers is being transformed with its improved digital proposition, which will offer services - such as BrightHR - to help customers run their businesses successfully.
Varo Cuts 75 Jobs As Digital Bank Restructures
- 2 years 11 months ago
- Digital banking
Varo Bank has become the latest fintech player to make job cuts, axing 75 positions as it looks to cut costs in the face of worsening economic conditions.
French Unicorn Qonto Buys German Competitor Penta
- 2 years 11 months ago
- Digital banking
Qonto, an online payment solution targeted at freelancers and SMEs, has announced its intention to acquire German fintech, Penta. The deal is expected to close within the next few weeks. Qonto aims to combine its wider reach and core banking system with Penta’s knowledge of the German market. Both companies have ambitions to create higher-value products for their users and expand their markets.
Open’s Cross-border Payments Product gets a Go-ahead from RBI
- 2 years 11 months ago
- Digital banking
OPEN, the world’s fastest-growing digital banking enterprise on Tuesday received a go-ahead from the Reserve Bank of India (RBI) for its new cross-border payments product. This comes after OPEN completed the test phase of the second cohort under the RBI’s regulatory sandbox structure themed ‘Cross Border Payments’.
Personetics Partners with Japan's Leading Innovator in Digital Banking, iBank
- 2 years 11 months ago
- Digital banking
Personetics, the leading global provider of financial data-driven personalisation and customer engagement solutions for financial institutions, today announced a new partnership with iBank Marketing Co., Ltd., a subsidiary of Fukuoka Financial Group and widely recognised as Neobank in Japan.
Moxo and Kasisto Partner To Strengthen Client Interactions In Financial Services
- 2 years 11 months ago
- Digital banking
Moxo, the industry's leading client interaction workflow solution, today announced a partnership with
Digital Bank Zand Receives UAE Central Bank Licence
- 2 years 11 months ago
- Digital banking
Zand, UAE’s first digital bank to provide both retail and corporate services, announced that it has been granted a banking licence from the Central Bank of UAE to become Zand Bank. The digital bank is now authorised and regulated to operate as a fully independent commercial lender.
Virgin Money Teams up with Untied to Power Tax for SMEs
- 2 years 12 months ago
- Digital banking
Virgin Money has announced that it is linking up with untied, the UK personal tax app, to offer tax capabilities for sole traders who have a Virgin Money business current account.
National Tournament Sponsor Starling Bank Launches Industry-first Game to Celebrate UEFA Women’s EURO 2022 Teams
- 2 years 12 months ago
- Digital banking
Starling Bank today launches the first-ever Fantasy Football game for the UEFA Women’s EURO ahead of the official tournament kick-off on Wednesday 6th July.
UK Digital Bank, Kroo, Announces Receipt of Full UK Banking Licence
- 2 years 12 months ago
- Digital banking
UK Digital Bank Kroo is delighted to announce they have been granted their full banking licence by the Bank of England. Kroo is only one of 2 banks to have been granted a Banking Licence with a personal current account since August 2016. Kroo launched its prepaid offering using state-of-the-art tech to ensure a fully mobile experience in February 2019 and has built a customer base of 23,000.
ZikZuk Technologies Selected for the ‘Test Phase’ for MSME Lending Under RBI’s Regulatory Sandbox
- 3 years 1 week ago
- Digital banking
ZikZuk Technologies, a leading player in solving credit challenges faced by MSMEs, has been selected by the RBI for the ‘Test Phase’ for MSME lending as part of the third cohort under RBI’s Regulatory Sandbox.
Digital Bank Zopa Enters BNPL Space with Suite of Regulated Products
- 3 years 2 weeks ago
- Digital banking
Digital bank Zopa has entered the BNPL space with a suite of fully regulated products that prioritise transparency and customer protection. Setting its sights on the UK’s £6 billion BNPL market, Zopa brings a simple and fair option for larger purchases (£250 - £30,000) that may take customers months or years to save up for.
Ziglu Partners With ClearBank to Offer Virtual GBP Bank Accounts
- 3 years 2 weeks ago
- Digital banking
ClearBank, the cloud-based clearing bank, today announced that it is providing agency banking services to UK-based money app Ziglu. ClearBank’s technological infrastructure, regulated payment rails and treasury management service have bolstered Ziglu’s banking and investment offerings, enabling Ziglu to offer virtual GBP accounts to its customers.
