Tag: Banking Tech

January 5, 2024

The report, titled Ambitious UK Start-Ups: The Future of UK Business, also showed that support from friends and family (20 per cent) was also more likely to take place than a start-up going to get a bank loan. The data […]

January 4, 2024

The United States witnessed a significant surge in bankruptcy filings in 2023, with an overall increase of 18%, according to Reuters. This upswing has been largely attributed to the confluence of several economic factors, primarily post-pandemic economic changes and rising […]

January 3, 2024

Founded in 2010 and based in New York, OpenTransact offers a Software-as-a-Service (SaaS) platform that facilitates payments and provides risk management solutions for high-risk industries such as CBD and gaming. Compatible with cryptocurrency, ACH, debit and credit card-based payments, the […]

January 3, 2024

The CFPB proposed a change on personal financial data rights implementing Section 1033 of the Dodd-Frank Act. It has stated that it aims to finalise the rule in 2024, formally establishing consumers’ right to control and securely share their financial […]

January 2, 2024

News of the sale first broke in May 2021, with HSBC reportedly having paid more than €1 billion for New York-based private equity firm Cerberus Capital Management to take its loss-making French branches off its hands. As of 1 January […]

December 28, 2023

Some 10 years ago, EU lawmakers started to take issue with the stale world of payments, which had seen little innovation since the introduction of credit cards. The position of banks, payment processors and credit card companies was so entrenched […]

December 28, 2023

Trade credit insurance provider Allianz Trade, B2B e-commerce payments platform Two and Santander Corporate & Investment Banking (CIB) teamed up in January to offer the first global B2B buy now, pay later (BNPL) solution for corporates. The solution enables corporates […]

December 26, 2023

As the world of financial services continues to advance and grow, a substantial portion of individuals and small businesses remain inadequately served with financial products. This underserved group encompasses ‘thin file’ customers, who have little or no credit history, small […]

December 20, 2023

The launch of the app comes after the three-way partnership between the Bahrain-based financial institution, the open API banking solution provider and the digital web development agency was first announced back in August 2022. BCFC says Sahel will enable its […]

December 20, 2023

With the end of 2023 on the horizon, FinTech Futures takes a look back over a year full of highs, lows, innovations, challenges, and transformative moments across the fintech landscape, featuring insights from the likes of JP Morgan Chase, Citi, […]

December 19, 2023

Although overall satisfaction with national banks slightly improved 5 points (on a 1,000-point scale) to 653 in 2023 from 648 in 2022, higher deposit interest rates at other financial institutions are driving customers to investment/wealth management and internet-only financial services […]

December 18, 2023

Through the partnership, InvesTex Credit Union says all its members will have access to Bankjoy’s digital banking platform, armed with a suite of digital and mobile banking features including online account opening and integrated loan applications. Bankjoy says its platform […]

December 18, 2023

Founded in 1910, the family-owned bank provides commercial, retail and business banking services across the states of Missouri, California and Illinois, while also offering mortgage services in Kansas. It is now leveraging its partnership with Backbase, a Dutch provider of […]

December 15, 2023

UK-based fintech SumUp has secured €285 million (around $307 million) in fresh funding as the company looks to pursue international growth opportunities and broaden its suite of payment services for SMEs. The company’s latest capital raise was led by Sixth […]

December 14, 2023

Through a multi-year partnership, US Eagle FCU will make use of Lumin Digital’s cloud-based digital banking infrastructure, which includes features such as savings plans, financial guidance, personalised spending insights and real-time app updates. The new mobile app will enable individuals […]

December 12, 2023

Backed by the European Space Agency, insurtech start-up BirdsEyeView has raised an undisclosed seven-figure sum as it looks to expand in UK and US markets and further develop its RAPTOR technology. The latest investment round was led by the European […]

December 11, 2023

The world of real estate investing has been transformed by the advent of investor portals, offering a digital gateway to a myriad of investment opportunities. These platforms have made it easier for investors to discover, evaluate, and invest in properties […]

December 11, 2023

The investment arm of UK-based pension fund M&G has invested $20 million in the country’s first regulated Bitcoin derivatives exchange, Global Futures & Options Holdings (GFO-X). An announcement from M&G and GFO-X outlined the investment details, which forms part of […]

December 8, 2023

We’re excited to share the thoughts of fintech CEOs and industry leaders from across the globe to 2023’s key takeaways and what we should expect to be top of the agenda in 2024. The European tech industry has stabilised after […]

December 8, 2023

Igloo, a regional insurtech in Asia, has closed a US$36 million Pre-Series C funding round. Global investment firm Eurazeo, through its insurtech fund backed by the insurer BNP Paribas Cardif, led the investment. At the same time, Openspace and La […]