Tagged: digital banking

Revolut Introduces Robo-Advisor Service in the EEA to Automate Investing

Revolut has launched Robo-Advisor service in the EEA, to automate investing tailored to customer needs. The new product is advantageous for those who “don’t have the time to actively invest, or have limited or no trading experience.” Revolut’s Robo-Advisor assigns “a portfolio taking into account… Read More

Brazil’s Digital Bank Nubank Appoints Elita Ariaz as Chief Legal Officer

Nubank (NYSE:NU), one of the largest financial services platforms in the world, has appointed Elita Ariaz as the new Chief Legal Officer of the company. With over 20 years of experience in the sector, the executive assumes the position to lead the Legal, Compliance, and Public… Read More

UK’s Digital Bank OakNorth Provides £2.5M Loan to SES, the Power Distribution Products Manufacturer

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a £2.5m loan to SES, the manufacturer of power distribution products for the entertainment industry, to support the creation of its employee ownership scheme. Founded in 1994 by brothers Mark and Gordon Cooper, and headquartered… Read More

Digital Bank Revolut to Offer eSIMs and Global Data Plans to UK Clients

Revolut, a digital bank/neobank with over 35 million customers worldwide and 8+ million in the United Kingdom, is offering eSIMs and global mobile data plans to its UK clients. Revolut eSIM enables clients to roam like a local user and stay connected without having to… Read More

Cloud Banking Fintech nCino Now Supports Mechanics and Farmers Bank

nCino, Inc. (NASDAQ: NCNO), an enabler of cloud banking for the global financial services industry, announced that Mechanics and Farmers Bank (M&F) is live on the nCino Cloud Banking Platform. The technology upgrade is helping M&F process loans more quickly and “creating increased convenience and… Read More

European Digital Bank bunq Reports Net Profit of €53.1M in 2023

bunq, which claims to be the second largest neobank in Europe, reports a net profit of €53.1 million in 2023. A “testament” to bunq’s sustainable business model proven to yield record profits throughout 2023, the challenger will “direct its net profit to propel its global… Read More

European Digital Banking Platform CaixaBank Extends Financial Services Network

CaixaBank extended the coverage of its financial services network in 2022 and 2023 to a total of 484 new towns in rural areas where the bank previously had no presence. These service points have been “incorporated through the arrival of new mobile branches and the… Read More

SoFi Reports Solid Results, Shares Move Higher

SoFi (NASDAQ:SOFI), a regulated digital bank that provides many different financial services, reported Q4 financial results today and Wall Street likes them. SoFi became a public company via a SPAC deal. Currently, shares in SoFi closed over 20% higher on the news now trading over… Read More

NatWest Continues to Close its Bank Branches, Points Customers to Digital Banking Options

NatWest is planning to close 30 more bank branches in 2024, according to a report by GBNews. This most recent revelation of branch closures just adds to the dozens of closures that have taken place in recent months. The report lists the locations of the… Read More

i2c, a Provider of Digital Banking and Payments Solutions, Partners with The Bank of Missouri

i2c Inc., a provider of banking and payments solutions, announces a five year partnership with The Bank of Missouri (TBOM), a community bank renowned for its pioneering digital banking initiatives. Through this alliance, the bank provides fintechs the ability “to more quickly offer a full… Read More

UAE: Sharjah Islamic Bank Partners with Noqodi for Digital Payment Services

UAE’s Sharjah Islamic Bank (SIB) has announced a strategic partnership with Noqodi, a Fintech company and payment gateway owned by Emaratech Group, to enhance digital payment services. In a statement, the bank said the collaboration is set to substantially enhance the digital and electronic payment… Read More

Latin America: Cuenta Nu to Help Colombians to Grow Wealth and Achieve Savings Goals

Nu. Colombia Financial Company, a subsidiary of Nu Holdings in the country, announced the opening of the “Launch List” for “Cuenta Nu,” its latest product, which aims to provide Colombians with a savings experience through the market’s “most competitive” offering. Cuenta Nu is a digital… Read More

UK Neobank Science Card Teams Up with UCL Mechanical Engineering to Acquire Research Funding

UK neobank Science Card collaborates with UCL Mechanical Engineering to generate research funding for neurodegenerative diseases. Science Card, the home of Britain’s e-money current accounts dedicated to accelerating science and innovation, has announced the launch on its platform of a research project on neurodegenerative diseases,… Read More

Santander Recruits More than 4,500 Workers with Digital Skills to Accelerate Business Transformation

In 2023, Santander (NYSE: SAN) recruited over 4,500 employees with digital skills around the world to drive the group’s transformation. The growing demand for these types of professionals in the market, in particular in financial institutions, led Santander “to launch a targeted recruitment strategy under… Read More

Fintech Professional Shares Feedback After Testing Digital Bank bunq’s AI Features, which Need A Lot of Improvement

bunq, a Dutch digital banking platform, has started describing itself as “the first AI-powered bank in Europe.” However, like most firms that claim to leverage AI, there is more hype than actual value being delivered to consumers. During the past few years, artificial intelligence has… Read More

Europe’s CaixaBank to Support Construction Financing of PPP Project Frankfurt Judiciary Center

CaixaBank and KfW IPEX-Bank are jointly providing HOCHTIEF financing for the interim construction financing of the PPP project Frankfurt (Germany) judiciary center. The project volume is in the low three-digit million range and “includes the parallel construction of two new judicial buildings in the Frankfurt… Read More

Fintech Startup Salmon Acquires Rural Bank in the Philippines

Southeast Asian Fintech company Salmon said it has secured approval from the Monetary Board of the Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, to acquire a majority stake in the Rural Bank of Sta. Rosa (Laguna), a Filipino financial institution established in… Read More

US Banking Data Analytics Startup KlariVis Secures $11m in Series B Funding

Klarivis, a US-based banking data analytics startup, has raised $11 million in its Series B funding round anchored by technology-focused equity firm Blueprint Equity, according to an announcement. Founded in February 2019, KlariVis provides data analytics solutions for community banks and credit unions. The company… Read More

Fintech Firm Salmon Becomes Licensed Bank in the Philippines

Salmon, a fintech working to improve access to credit, savings and investments for over 500 million underserved customers in Southeast Asia, announces that it has received regulatory approval from the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) in order to “acquire the controlling… Read More

Alkami Technology Partners with Chimney, a Fintech Transforming How Financial Institutions Use Property Data

Alkami Technology, Inc. (Nasdaq: ALKT), a cloud-based digital banking solutions provider for financial institutions in the U.S., announced today that it has partnered with Chimney, a fintech transforming how financial institutions use property data. Through this strategic partnership, financial institutions “can empower homeowners with the… Read More

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