161 articles tagged with this keyword
News/payments
Payments-as-a-Service platform Rapyd is in talks to raise $300 million at less than half the valuation it secured in a 2021 funding round, according to Bloomberg.
10 February 2025
News/people
Nordic challenger Lunar has appointed The Bank of London's Nanna Bergmann to lead Moonrise, its newly established standalone Banking-as-a-Service entity.
05 February 2025
News/retail
German Banking-as-a-Service platform Solaris has secured a €140 million financing round.
03 February 2025
French banking-as-a-service platform Swan has raised a further €44 million to support its EU expansion and product diversity strategy.
30 January 2025
News/crime
American Express has agreed to pay $230 million to settle charges for alleged deceptive sales of credit card and wire transfer products to small business customers.
17 January 2025
Japanese financial conglomerate SBI has agreed to pay €100 million for a stake of more than 70% in struggling German Banking-as-a-Service platform Solaris, according to Bloomberg.
07 January 2025
The long-trailed merger of embedded banking platform Railsr and payments firm Equals Group is set to go ahead through a £283 million takeover deal.
12 December 2024
Nordic challenger bank Lunar is stepping up its BaaS efforts, shifting its banking services division into a new standalone entity called Moonrise.
09 December 2024
The fallout from the collapse of Synapse continues, with several partner banks facing a lawsuit alleging mishandling of customer funds, and one of those banks insisting that end user funds it once held were moved by the BaaS platform before it went bankrupt.
28 November 2024
German banking-as-a-Service platform Solaris is reportedly seeking an emergency cash injection of £100 million and will put the business up for sale if it fails to raise fresh funds.
27 November 2024
Fintech firm Finastra has shared further detail on the investigation process following a data breach that occurred earlier this month.
21 November 2024
News/inclusion
Finextra spoke to co-founder Charles O’Neil and CMO Dan Walsh, of new financial literacy app, Sunshine+Kittens, which is set to launch early next year.
14 November 2024
Morgan Stanley Expansion Capital has invested $20 million in embedded financial and payment infrastructure service provider NovoPayment.
German Banking-as-a-Service company Solaris has sold its Engage business from Contis to UK alternative banking provider Suits Me.
11 November 2024
News/cloud
African giant Standard Bank is moving its payments infrastructure to Volante's cloud Payments-as-a-Service (PaaS), accelerating ISO 20022 adoption on the continent.
29 October 2024
Digital bank and fintech provider Green Dot has launched an embedded finance brand and platform of services.
23 October 2024
German Banking-as-a-Service company Solaris is set to lay off a third of its workforce with the majority of job losses hitting its British subsidiary Contis.
15 October 2024
HSBC has written off its stake in Monese just two years after investing $35 million in the mobile banking fintech.
01 October 2024
News/startups
TrueLayer, a payments platform backed by Stripe, is stacking up its losses according to the latest accounts reports.
27 September 2024
News/wealth
The world's largest asset manager, BlackRock, has announced its membership of Fintech Scotland, the promotional for the country's fintech sector.
24 September 2024
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.