Marqeta Expands Partnership with Lydia to Power New European Digital Bank Sumeria
- 5 months 3 weeks ago
- Digital banking
Marqeta, the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced it is powering the new digital banking application Sumeria, launched recently by French payments leader Lydia Solutions (the company behind the Lydia app). Sumeria has unveiled new digital banking capabilities including a remunerated current account, and plans to expand quickly throughout Europe, thanks to the... more
N26 Welcomes BaFin’s Lift of Its Growth Restriction
- 5 months 4 weeks ago
- Digital banking
N26, Europe's leading digital bank, welcomes the latest decision from the Federal Financial Supervisory Authority (BaFin), which will see the complete lift of the growth restriction for N26 from June 1, 2024. To date, the company has been able to take on up to 60,000 new customers per month. This restriction ceases from the month of June.The news follows a period of close exchange between N26 and the regulator to combat financial crime and money... more
8 Out of 10 Consumers Prefer Full Digital Banking Experience, Yet Some Are Left Short-Changed
- 6 months 6 days ago
- Digital banking
Onfido, an Entrust company, today announced the results of the End-User Expectations of Digital Identity Report, exploring the growing preference among consumers for digital-first services – both online and in-person, and the non-negotiables of the user journey.
Bank Muamalat Partners with Backbase to Strategically Lead Malaysia’s Next-Gen Digital Islamic Banking
- 6 months 6 days ago
- Digital banking
In a strategic move towards becoming a leading, next-generation digital Islamic Bank for all, Bank Muamalat Malaysia Berhad (Bank Muamalat) has announced a long-term partnership with Backbase, the global leader in Engagement Banking.
Nubank Surpasses 100 Million Customers
- 6 months 2 weeks ago
- Digital banking
Nubank announced today that it has surpassed 100 million customers in Brazil, Mexico, and Colombia, making it the first digital banking platform to reach this milestone outside of Asia. The achievement comes on the heels of record 2023 financial results, with over US$1 billion in net profit and over US$8 billion in revenues, which attest to the solidity, efficiency, and scalability of Nubank’s business model.
Bottomline Leadership in Commercial Digital Banking Recognized by The Digital Banker for Outstanding Platform Implementation Honors
- 6 months 2 weeks ago
- Digital banking
Bottomline, a global leader in business payments, has won top honors at the annual Digital CX Awards, hosted by The Digital Banker. Bottomline won the category Outstanding Platform Implementation for Digital CX. The Digital CX Awards is the world’s only program dedicated to recognizing and benchmarking innovation in digital customer experience across the financial services sector.
Unlimit and Velmie Unite to Accelerate European FinTech Growth
- 6 months 2 weeks ago
- Digital banking
Unlimit, a leading global fintech company, has today announced the partnership of its Banking as a Service (BaaS) platform with digital banking solutions provider Velmie.
Fils Partners with TPS to Drive Sustainability and Climate Action in Pakistan's Digital Banking Sector
- 6 months 3 weeks ago
- Digital banking
Fils, the fast growing, UAE-based enterprise-grade digital infrastructure provider enabling companies to embed sustainability and climate action into their business models, today expands its offerings to Pakistan with a strategic partnership with TPS, a leading digital banking and payments solution provider powering banks, digital banks, fintechs, payment processors, merchants, and telecoms around the world.
Zopa Bank Reports First Full Year Profit
- 7 months 1 week ago
- Digital banking
Digital bank Zopa today reports its first full year of profitability. Launched in June 2020, the milestone makes Zopa one of the fastest digital banks in the UK to turn an annual profit. Zopa Bank swung to a pre-tax profit of £15.8 million for the financial year ending 31 December 2023 from a pre-tax loss of £26 million for the year ending 31 December 2022. Total operating income for the same period to 31 December 2023 was £222 million, up 47.8... more
CFCU Leverages Pulsate’s Mobile-first, Personalized Member Engagement Solutions through the Constellation Digital Banking Platform
- 7 months 1 week ago
- Digital banking
Pulsate, provider of mobile-first engagement solutions that deepen digital banking relationships and cut through noise in consumers’ moments of need, announced today that CFCU Community Credit Union (CFCU) has chosen Pulsate as its premier marketing engine for its ability to meet individual members’ needs throughout all phases of life.
Flagright Partners with Nodabank to Elevate Digital Banking Security
- 7 months 2 weeks ago
- Digital banking
Flagright, a leading innovator in AI-native Anti-Money Laundering (AML) compliance and fraud prevention solutions, is proud to announce its latest customer, Nodabank, a cutting-edge digital bank. This collaboration aims to set a new benchmark for digital banking security, combining Flagright's advanced security technologies with Nodabank's innovative banking services.
Neobanks Continue to Outpace Legacy Bank Apps With 18M More App Users in 2023
- 7 months 2 weeks ago
- Digital banking
An analysis from App Radar by SplitMetrics has revealed how European and UK neo and legacy banks have performed in 2023 when compared to 2022.
Danske Bank Invests in Cloud Technology and Signs a Multiyear Agreement With AWS
- 8 months 2 days ago
- Digital banking
Danske Bank has signed a mult-iyear agreement with Amazon Web Services (AWS). As part of their Forward’ 28 strategy, Danske Bank are offering their customers new digital solutions, more self-service options, and easy and quick access to daily banking needs, while becoming a more efficient bank. Additional investments in digitalisation and cloud technology are one means of achieving this strategic goal.
Fimple Announces Strategic Partnership with CR2 to Enhance Digital Banking and Payments Solutions
- 8 months 3 weeks ago
- Digital banking
Fimple, a leading provider of core banking and financial solutions, is thrilled to announce a strategic partnership with CR2, a global pioneer in the digital banking and payments industry. This partnership is set to revolutionize the way banks engage with their customers, offering unparalleled digital onboarding, transaction capabilities, and customer engagement through CR2’s innovative platform.
Mastercard Open Banking Enhances the Debit and Prepaid Digital Account Opening Experience
- 8 months 4 weeks ago
- Digital banking
Mastercard announced the Open Banking for Account Opening program, providing a foundational set of open banking products as a core benefit to Mastercard consumer and small business debit issuers as well as consumer prepaid issuers in the U.S. The program improves the digital account opening process by verifying account ownership, lowering account abandonment, reducing non-sufficient fund (NSF) returns, and minimizing manual entry of payment... more
