Banking-as-a-service

360 articles tagged with this keyword

/retail

HSBC writes off Monese stake

HSBC has written off its stake in Monese just two years after investing $35 million in the mobile banking fintech.

/payments

Jack Henry and Victor Technologies partner on embedded payments platform

Jack Henry (Nasdaq: JKHY) announces the expansion of its collaboration with Victor Technologies, Inc., a subsidiary of MVB Edge Ventures, Inc. and part of MVB Bank, Inc.

/startups

TrueLayer reports growth despite losses

TrueLayer, a payments platform backed by Stripe, is stacking up its losses according to the latest accounts reports.

/retail

Helios leads $100m Series D for M2P Fintech

Helios Investment Partners (“Helios”), the largest Africa-focused private investment firm, has led a $100m Series D funding round of primary and secondary share capital in M2P Fintech (“M2P”), a regional fast-growing full stack Banking as a Service (BaaS) and Infrastructure API provider that caters to the banking, fintech and non-financial services sectors.

/wealth

BlackRock joins Fintech Scotland

The world's largest asset manager, BlackRock, has announced its membership of Fintech Scotland, the promotional for the country's fintech sector.

/inclusion

Fibabanka launches Turkey's first BaaS offering

Fibabanka, a leading player in Türkiye’s banking sector, has launched the country’s first Baking as a Service (BaaS) model through an innovative collaboration with GetirFinans, which received a total of $70 million in investment last year at a valuation of $250 million.

/startups

Revolut’s Storonsky sells $300 million in company stock

Founder and chief exec at fintech giant Revolut, Nik Storonsky, has reportedly sold shares worth up to $300 million (£230 million) in the company.

/payments

NymCard extends BaaS reach with Mastercard Move

NymCard, a leading Banking-as-a-Service (BaaS) provider, has joined forces with Mastercard to offer fast global money transfers to its customers from the UAE to 47 countries through one secure connection.

/payments

Intergiro releases no-code white-label app platform

Swedish Banking as a Service provider, Intergiro, has today announced the launch of its no-code white-label app platform. Designed to meet the rising demand for quick market entry and streamlined development of digital banking applications, the platform enables businesses to deploy fully branded mobile banking apps in a matter of days, without the need for technical expertise.

/startups

Accenture invests in SaaS fintech Emtech

Accenture (NYSE: ACN) announced that it has invested in EMTECH, a global financial technology company that provides software-as-a-service platforms to help central banks streamline, connect and modernize their processes and operations.

/startups

Griffin opens up BaaS platform to UK fintechs

Griffin, the UK’s leading bank for fintechs, today announced it is opening its platform up to UK fintechs as it concludes its early access programme, Foundations.

/Banking-as-a-service

DriveWealth appoints Venu Palaparthi COO

DriveWealth, a leading financial technology platform providing Brokerage-as-a-Service, announced today the hiring of Venu Palaparthi as its new Chief Operating Officer.

/retail

HDFC partners Zeta for Credit Line on UPI

Zeta, a provider of next-gen banking technology to financial institutions globally, today announced its partnership with HDFC Bank to power its Credit Line on UPI (CLOU) offerings.

/wholesale

Mbanq BaaS platform integrates with credit decisioning tech from SMEApprove

Global banking technology and Banking-as-a-Service (BaaS) provider, Mbanq, announces its partnership with SMEApprove, a leading provider of Credit Decisioning-as-a-Service (CDaaS) to organizations that lend to the small and medium-sized enterprise (SME) sector.

/payments

Unlimit and Unicâmbio join forces

Unlimit, a leading global fintech company, has today announced the partnership of its Banking-as-a-Service (BaaS) platform with financial services provider Unicâmbio, the oldest and largest foreign exchange bureau in Portugal and the foreign exchange agent of Western Union.

/regulation

TransPecos Bank selects Oscilar AML risk platform for BaaS offering

TransPecos Banks, an innovative Texas-based community bank, has selected Oscilar’s innovative AI-Powered AML Risk Platform to transform its compliance and risk management capabilities. This strategic partnership will leverage the latest technology to capitalize on growth opportunities in TransPecos Banks’ fintech programs while ensuring robust regulatory compliance.

/wholesale

Reimagining Your Core: How Banks Can Thrive Amidst Rapid Technological Change

Narendra Mistry, CPTO of Universal Banking at Finastra, emphasises that banks must adapt quickly to evolving technology and customer expectations. Success lies in implementing efficient core banking systems, that enable innovation at scale and at pace, while navigating AI and data with a focus on mindset and business services. Lean systems, like those of neo and digital-only banks, are good, but long-term growth requires a clear vision, a strong culture and breadth of capabilities. For established banks with pre-existing infrastructures, symbiosis – where next gen solutions are deployed alongside existing solutions – can offer a fast way to deliver outstanding experiences, stay ahead of competitors and, when appropriate, ease transitions.

/wholesale

Adapting to change: How financial institutions can revolutionise core banking systems

Siobhan Byron, EVP of Universal Banking at Finastra, discusses how innovation is not just limited to the neo and startup banks, indeed established banks are combining the move-fast philosophies of the emerging players with their own considerable assets. The conversation highlights the need for financial institutions to have a clear vision and strategy, find the right pace and technology for transformation, avoid high-risk methods, outline the challenges of losing market share, talent, and the ability to meet future needs if institutions fail to stay current and innovative.

/retail

UniCredit to acquire Banking-as-a-Service venture Vodeno and Belgian digital bank Aion

Italy's UniCredit has entered into a binding agreement to acquire the entire share capital of European Banking-as-a-Service platform Vodeno and Belgian digital bank Aion.

/security

AmInvestment Bank taps Broadridge for securities finance solution

To transform and expand their prime brokerage business lines and as part of its broader efforts to add and enhance value for its clientele, AmInvestment Bank, a company in the Ambank Group and one of the largest banking groups in Malaysia, has deployed global Fintech leader Broadridge Financial Solutions, Inc.‘s (NYSE: BR) Securities Finance and Collateral Management platform to enable their Securities Borrowing and Lending product offerings.