Category: Banking Tech

May 25, 2023

The collaboration comes as Saudi Arabia‘s digital payments ecosystem undergoes a rapid transformation in line with the country’s Vision 2030 initiative, which aims to increase cashless transactions to 70 per cent by 2025. Through the partnership, D360 Bank customers can […]

May 23, 2023

Founded in 2021, Setpoint raised $43 million in its Series A funding round last December. Resolute was established in 2019 as a subsidiary of SingleSource Property Solutions, a provider of integrated mortgage services and property management solutions in the US. […]

May 19, 2023

For me, although I have been coding since I was 12, it was not until much later that I realised the true power of data. I started at Lloyds Bank in 1986 as a trainee (not graduate) programmer and was […]

May 18, 2023

The round, which brings Percent’s total funding to $48.2 million, also saw participation from existing investor B Capital Group and new investors including Susquehanna Private Equity Investments, BDMI, Forte Ventures, and Vectr Fintech. The company will use the new funding […]

May 5, 2023

Apple’s newly launched high-yield savings account has reportedly attracted around $1 billion in deposits within its first week. The Apple Card savings account, launched in April in partnership with Goldman Sachs, offers US consumers a high-yield annual return of 4.15% […]

May 5, 2023

The U.S. economy is struggling with a trifecta of challenges: soaring inflation, steep interest rates, and a banking industry in disarray. Since Silvergate Bank’s announcement on March 8, 2023, that it would cease operations and liquidate its assets, the country […]

May 4, 2023

As a payments processor, Finix says it will be able to provide businesses with more control over their payment operations, higher availability and uptime and more opportunity to reduce operational costs. The Infrastructure-as-a-Service start-up adds it also plans to offer […]

May 3, 2023

Consolidation can have negative impacts on the wider economy, as access to credit is an important factor for businesses and individuals to thrive. This trend has led to the consolidation of the banking industry, with a few large banks dominating […]

May 2, 2023

A myriad of unforeseeable “consequences” will be brought about by retail central bank digital currencies (CBDCs), the managing director of the International Monetary Fund (IMF) claimed. The IMF’s Kristalina Georgieva erred on the side of caution regarding retail CBDCs in […]

April 12, 2023

The new cash injection takes the firm’s total Series B to $435 million following an initial $165 million raise in May last year. The latest investment now values the firm at $2 billion. Founded in 2018, Clear Street offers a […]

April 10, 2023

This week, market investors are focused on several factors, including the Consumer Price Index (CPI) report and earnings reports from some of the largest banks in the United States. However, one of the biggest factors investors are eyeing will take […]

April 7, 2023

I highlighted that big banks can invest in the future by exploring the possibility of new tech now, but smaller banks will not have the budget to look so broadly. This for me begs the question, what does the future […]

April 5, 2023

Kyriba’s API Connectivity Network integrates banks, enterprise resource planners (ERPs), trading portals, data services and payment apps using pre-built connectors to minimise IT installation time and cost. US Bank and Kyriba clients can now send instant payments to vendors, customers […]

March 24, 2023

Founded in 2012, Raisin offers consumers access to savings, investment and pension products. The firm also offers Banking-as-a-Service (BaaS) products for financial service providers and currently works with over 400 companies from more than 30 countries. With the new investment, […]

March 24, 2023

These sound like crazy questions, right? Banks have been banking for over 100 years, why would that change? Let me draw a parallel with the telecoms industry. Initially, we sent smoke signals or used drums to communicate with other humans […]

March 23, 2023

Romain Mazeries, CEO of Mangopay, describes WhenThen as “a strategic asset” for the firm’s growth plans. Mangopay, which is a platform-specific payment infrastructure provider, says WhenThen’s payment acceptance technology and “global connectivity”, will help Mangopay “rapidly scale its entire payment […]

March 23, 2023

Cross River provides technology infrastructure such as scalable embedded payments, cards and lending solutions to “millions” of consumers and businesses. The company’s embedded solutions and customisable APIs will be utilised to power Pay.com’s international expansion, giving businesses and merchants access […]

March 22, 2023

As a region where cash is still king and with millions of underbanked customers, Southeast Europe appears to be fertile ground for new-age digital banks. A challenge or an opportunity? Last year, the European Savings and Retail Banking Group (ESBG) […]

March 17, 2023

Tuesday 14 March saw OpenAI begin the release of the newest iteration of its artificial intelligence (AI) model – GPT-4. The new model is “multinodal”, accepting images as prompts to generate content alongside text input which its predecessor, GPT-3, was […]

March 16, 2023

OpenWay describes its Way4 offering as an end-to-end solution comprising an online core, account and events management, dynamic pricing, automated workflows, card issuing and wallet management, merchant management, omni-channel, authorisation and settlement, and APIs. The migration to the new platform […]