Latest Banking-as-a-service News: Finextra Research

Company update/retail

Embedded finance risks in the spotlight as losses run into the millions

Elmore, a leading insurance provider to the fintech community in Europe, is highlighting today the risks to the embedded finance market, which has been forecast by PWC to grow fivefold, from US$54.3 billion in 2022 to US$248.4 billion, by 2032.

25 April 2024

News/payments

TabaPay to acquire assets of bankrupt BaaS provider Synapse

Money moving platform TabaPay is to acquire the rival assets of bankrupt Banking-as-a-Service platform Synapse.

22 April 2024

Company update/payments

Clearhaus to enter UK market via Manchester-based fintech Ryft

Manchester-based innovative fintech Ryft, announces a new partnership with Clearhaus, allowing the Danish acquirer to leverage its technology solutions and cater to digital platforms and marketplaces.

22 April 2024

Company update/people

Green Dot names Renata Caine GM, BaaS

Green Dot Corporation (NYSE: GDOT), a digital bank and fintech powering consumers and businesses with seamless banking and payment solutions, today announced the appointment of Renata Caine as General Manager of Banking as a Service (BaaS).

16 April 2024

Company update/payments

PayToMe.co integrates with Stripe Connect

In a strategic leap that signifies a monumental shift within the fintech sector, PayToMe.co is proud to announce its recent integration with Stripe Connect.

05 April 2024

News/payments

Brim Financial raises $85m for US expansion

Toronto-based payment technology firm Brim Financial is targeting the US after raising $85 million in a Series C funding round led by EDC Investments.

03 April 2024

Company update/people

Monarch names Anthony Alexander VP, operations and delivery

Monarch Professional Services Group (Monarch), a Core10 division providing implementation and customer success services for leading financial service SaaS platforms, today announced Anthony Alexander has been named as Vice President, Operations and Delivery.

26 March 2024

News/payments

Railsr proposes merger with Equals Group

Embedded Finance, Railsr's parent company, has approached Equals Group for a merger of the two companies, Sky News reports.

20 March 2024

News/retail

Solaris raises €96 million in funding

German Banking-as-a-Service outfit Solaris has raised €96 million in a Series F funding round and secured a financial guarentee of up to €100 million capital equivalent which will enable it to execute on a major credit card contract with Munich-based motor association Adac.

19 March 2024

Company update/retail

GCI Consulting and Moroku unveils Bank-as-a-Service platform

In a strategic collaboration that promises to reshape the financial landscape, GCI Consulting and Moroku have unveiled their cutting-edge Bank-as-a-Service (BaaS) platform.

18 March 2024

Research/Banking-as-a-serviceSurvey

Definitive Differentiators - Forging a future-proof payments model

18 March 2024 600 downloads

News/startups

Brokerage-as-a-service platform lemon.markets goes live

Berlin-based brokerage-as-a-service platform lemon.markets has gone live in cooperation with Deutsche Bank, BNP Paribas, and Tradegate.

14 March 2024

News/startups

BaaS platform Synctera raises $18.6m

Banking-as-a-Service player Synctera has raised $18.6 million in a Series A extension co-led by Lightspeed and Fin Capital.

05 March 2024

Company update/Banking-as-a-service

TrueNorth and Brim to deliver credit card-as-a-service platform in the US

TrueNorth, a leading professional services organization specializing in implementation, systems integration and engineering of digital solutions for the financial services industry, and Brim Financial (Brim), a next generation provider of credit card platform as-a-service and one of the fastest growing Fintechs in North America, are excited to announce their strategic partnership aimed to bring robust and innovative consumer, small medium business (SMB) and commercial credit card solutions to banks, fintechs and major brands in the US and Canada.

04 March 2024

News/startups

Treasury Prime lays off staff in strategic pivot

Embedded banking platform Treasury Prime has laid off half of its staff as part of a strategic pivot to sell directly to banks.

04 March 2024

News/payments

NextGen Nordics 2024: 40+ banks registered to attend

NextGen Nordics returns to Stockholm on 23rd April, and at seven weeks away from the event day, 200 attendees have already registered.

01 March 2024

Research/Banking-as-a-serviceEvent Report

Mastering DORA: A Strategic Guide to Operational Resilience

28 February 2024 594 downloads

Company update/startups

FinStack joins FasterCapital's Raise Capital programme

FinStack is revolutionizing the financial services landscape by creating a complete end-to-end platform that offers a comprehensive set of solutions for businesses and consumers.

26 February 2024

Company update/retail

Green Dot forms BaaS partnership with Dayforce

Green Dot Corporation (NYSE: GDOT), a leading digital bank and fintech providing seamless banking and payments services to consumers and businesses, announced a new partnership with Dayforce, Inc. (NYSE: DAY; TSX: DAY).

21 February 2024

Finextra TV/predictions

Payment trends to watch in 2024

In today's financial landscape, the growth of instant and account-to-account payments is countered by a rise in fraud. In this episode of Predict 2024, Ed Metzger, Vice President of Market Planning Payments Efficiency at LexisNexis® Risk Solutions, shares his forecast for emerging payment trends. Focusing on the impact on financial institutions and customers, we discuss how solutions like LexisNexis® Risk Solutions' Safe Payment Verification will enhance banking practices by verifying account ownership and optimizing cross-border fund transfers. Additionally, we explore why corporates are moving payments in-house and identify growth opportunities for banks through adopting banking-as-a-service platforms.

15 February 2024