Tag: digital

June 16, 2023

In 1992, I wrote a paper on the future of application development for Lloyds Bank. My paper described a vision of “end user development” to maximise flexibility and reduce cost of development. In this paper I called for the bank […]

October 12, 2022

The bank says customers can now transfer data directly through an API from their accounting software package “with a few clicks”, and they also have the option to upload their data through a user interface (UI). Digital RF automatically generates […]

May 17, 2022

The round saw participation from existing investor UDHC as well as other strategic investors Blizzard the Avalanche Fund, Inveniam, Redwood Trust, TrustLabs, Mirae Asset Venture Investment, Gate Ventures, LedgerPrime and StableNode, among others. The company says the financing will fuel […]

February 9, 2022

While analysing past behaviour might be successful in catching certain serial offenders, criminals that want to launder money anticipate this way of working and typically will not stick to a pattern. Still, anti-money laundering (AML) and fraud systems are designed […]

August 27, 2021

The new offering, which starts rolling out this week, will give users a choice of four cryptocurrencies — Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Real-time crypto prices and content to learn about the opportunities and risks involved will also be […]

July 27, 2021

Today, UK fintechs make up 10% of global market share, are collectively worth more than £11 billion in annual revenue, and earned more investment than the next five biggest European countries combined. Seeking to capitalise on this staggering growth, the […]

May 14, 2021

The two firms are deepening a relationship underlined in a multi-year deal involving the Google Cloud Platform. It revolves around the movement of PayPal’s data hosting needs to Google, since its split from parent company eBay in 2015. Google Cloud […]

February 26, 2021

This new facility includes $100 million from Silicon Valley Bank (SVB), and $26.6 million from Trinity Capital. It is Petal’s first asset-backed facility with SVB and Trinity Capital. The firm says it complements its existing $300 million facility with global […]

February 15, 2021

The investor’s principal, AJ Malhotra, will join Nymbus’ board of directors as part of the transaction. Driving new products The fintech wants to use the fresh capital, which marks its largest funding to-date, to turbocharge its Grow product. The service […]

October 30, 2020

The entrant wants to offer coordinated checking and savings accounts. Like many up and coming new banks in the US, it offers no maintenance fees, and no minimum balance requirements. Its unique offering is a “karma account” through which users […]

April 1, 2020

The firm, which counts Nationwide among its investors, has launched its Neighbour2Neighbour system, which will allow users to receive payments via a request system connected to their bank account. Ordo has released the new platform free of charge for users […]

May 13, 2019

Piermont Bank is a “new generation” of commercial banking with a focus on helping clients build and grow business. The Piermont Bank’s team says that it aims to support privately-owned business, especially multi-generation family-owned enterprises. It says: “We appreciate, respect […]

September 27, 2018

Anders la Cour, co-founder and CEO of Banking Circle, says: “Payment providers who join Banking Circle can offer ‘local’ cross-border payments, with low fees, good FX rates and fast transfer times. It’s a cohesive solution – there’s no differentiation between […]

September 25, 2018

CNN Money reports that CEO Tim Sloan said on Thursday that the bank plans to cut 5% to 10% of its 265,000-person workforce, reflecting both layoffs and attrition. The chief cited “changing customer preferences,” including the wide adoption of digital […]

September 12, 2018

It says its customers can be “paid to bank” through its “income-building” SocialBoost programme. According to the firm, customers can earn an income stream in return for growing the Meed community among their family and friends. The result is an […]

September 10, 2018

The bank doesn’t have a licence but white labels its services. Its products can be connected with other financial accounts, and Novo steps in to provides recommendations based on a user’s financial picture. Novo’s deposit account services and card are […]

September 7, 2018

According to sources that spoke with Business Insider, executives recently came to the conclusion that many steps still need to be taken, most of them outside the bank’s control, before a regulated bank would be allowed to trade cryptocurrencies. However, […]

August 30, 2018

CNBC says it exclusively obtained a memo which reveals the news. To its credit, CNBC got in first and explains the bank recruited Apoorv Saxena, Google’s head of product management for cloud-based (AI). He worked at Google for six years. […]

August 24, 2018

The German bank plans to leverage Modo’s technology to expand its digital business-to-business and business-to-consumer payments. Specifically, Deutsche hopes to extend its payment capabilities into non-traditional channels, such as the mobile wallets and peer-to-peer networks of Alipay, Paypal, M-Pesa, and […]

August 7, 2018

According to the Wall Street Journal, the tech titan was talking to financial organisations to get information like credit card transactions and account balances. The timing is interesting as Facebook is battling privacy concerns and adjusts its policy regarding user […]