Banking-as-a-service

424 articles tagged with this keyword

/retail

CFPB sues Synapse for mishandling customer funds

The Consumer Financial Protection Bureau (CFPB) has filed a complaint against Synapse Financial Technologies for allegedly losing customer funds when the company filed for bankruptcy protection.

/retail

İşbank unit taps Algbra for UK digital banking launch

The fintech subsidiary of Turkey's İşbank has enlisted Algbra Labs to support the launch of a digital banking brand in the UK.

/payments

Clearbank enters channel relationship with Algbra

ClearBank, the enabler of real-time clearing and embedded banking, today announces its first channel partnership with leading ethical FinTech, Algbra, to provide its trusted technology and services as part of Algbra Labs’ Fintech-As-A-Service offering.

/retail

Brazil's QI Tech hunts acquisitions after $63m raise

Brazilian financial infrastructure fintech QI Tech has raised $63 million in a Series B extension funding led by General Atlantic.

/security

Survey shows sharp rise in SaaS breaches

AppOmni, the leader in SaaS & AI security, released its third annual The State of SaaS Security 2025 Report, revealing troubling trends: A sharp increase in SaaS security incidents, a rising complexity in application ecosystems, and that new risks from AI-enabled apps exacerbate the disconnect between widespread confidence in current security measures versus actual risks.

/payments

Lloyds Bank in talks to acquire Curve - Sky News

The UK's largest high street bank is reportedly in talks to buy digital wallet provider Curve.

/retail

How Successful Have Most Banks Been at Modernising?

Speaking to FinextraTV at EBAday 2025 in Paris, Sathish Padmanathan, Head of Payments and Cash Management, Tietoevry Banking discussed a recently released report and the progress of banks on their modernisation journeys. Describing a mixture of banking approaches, including those more focused on compliance and others more centred on transformation as a whole, Padmanathan gave his thoughts on how successful banks have been with moving towards this new future.

/retail

South African fintech Lesaka to buy Bank Zero

Lesaka Technologies, the South African fintech firm formerly known as , is set to buy South African digital-only institution Bank Zero Mutual Bank in a deal worth R1.1bn (US$62m).

/retail

NatWest BaaS unit negotiates deal with Saga

Over-50's group Saga is wading deeper into the financial services market as it agrees a deal with NatWest's Banking-as-a-Service unit Boxed to provide savings accounts and other banking products to its membership base.

/security

Abacus Group acquires Entara to expand cybersecurity capabilities

Abacus Group, a leading IT Managed Services Provider (“MSP”) and Managed Security Services Provider (“MSSP”) to financial services firms globally, today announced it has acquired Entara, a Chicago-based IT MSP and MSSP serving financial services and other highly regulated, high-touch industries. This acquisition enhances Abacus Group's global reach and capabilities across cybersecurity, professional services, and digital infrastructure.

/payments

Kotapay signs Raisin as first client for Banking-as-a-Service platform

Kotapay, a division of First International Bank & Trust (FIBT), today announced Raisin, the global savings and investment platform, as the first financial technology company to integrate with its new bank-direct banking as a service (BaaS) platform, known as Kavinu.

/retail

Why Accelerated Transformation in Lending is Imperative Today

In part two of our series on lending transformation with Mambu, we are joined by Miguel Amaro, Partner, Deloitte and Anthony Nonnis, Head of Global Partnerships, Mambu to discuss how modernising lending operations is now a necessity for financial institutions to remain competitive. We explore what accelerated transformation looks like - embracing new technologies through a cloud-based API core platform and quickly launching new products in the market.

/sustainable

Money20/20: Building a net zero bank

Can a bank be fully net zero? And where can climate-conscious consumers turn to make ethical, sustainable payments?

/payments

Visa announces key partnerships with Klarna, Zilch to launch flexible debit cards

At Money20/20 Europe in Amsterdam, Visa announced plans to launch a pilot for FDIC-insured debit card with Klarna, and roll out Zilch’s first physical card.

/startups

Fintechs enter new stage of profitability - report

The global fintech has enetered a new chapter defined by a rise in profitability and the emergence of scaled fintech and an "intensified focus on profitable growth".

/retail

Modern Banks Must Adapt to be More 'Phygital'

Describing the evolution of modern banking, Sovan Shatpathy, SVP, Product Management & Development, Oracle Financial Services joined the FinextraTV virtual studio to explain how banks can thrive. As well as contextualising the current landscape and offering insights into the way that banks are now focussing more intently on the customer journey, Shatpathy asserts that all banks cannot be physical or digital, they must be 'phygital'.

/regulation

EBAday 2025: Managing the complex European regulatory ecosystem

How well-crafted regulation can act as an accelerator, not inhibitor, in becoming more resilient and successful in the future was answered by industry experts at EBAday 2025.

/regulation

EBAday 2025: G20 2027 target a turning point, not a finish line

Last year, the newest progress report on the G20 roadmap for enhancing cross-border payments was released by the Financial Stability Board. Discussing the challenges and optimism since, a panel of payment experts at EBAday provided their insights into the obstacles of interoperability and cohesion.

/inclusion

Finca taps Thought Machine for BaaS platform

Finca, a global leader in inclusive finance, has partnered with Thought Machine, the next-generation banking technology company, to launch “361 by FINCA”, a transformative operating platform to scale financial inclusion, beginning in Africa.

/cloud

Bank of Sydney turns to Infosys Finacle for digital banking

Infosys Finacle, part of EdgeVerve Systems, a wholly-owned subsidiary of Infosys (NSE, BSE, NYSE: INFY), and Bank of Sydney (BoS), today announced the bank’s decision to select Infosys Finacle Digital Banking Suite to power its transformation.