Category: Activity

July 23, 2024

Bank of Clarke customers can now register online for a complimentary Greenlight subscription and link their Bank of Clarke account as a funding source. With this move, the company becomes the first community bank in Virginia to connect with Greenlight’s […]

July 12, 2024

The Kuala Lumpur-headquartered commercial bank will make use of the vendor’s B2B payments platform as part of the deal. The platform claims to converge payment processes across both high and low-value payments, corporate and retail internet banking, ATMs and through […]

June 21, 2024

The review was announced by Ellis Connolly, head of payments policy at RBA, during his speech at the Merchant Risk Council Conference in Melbourne this week. Connolly confirmed that the review would take place once the Australian government completes its […]

June 14, 2024

The move aims to streamline data management for the bank’s developers and foster the development of user-friendly banking services. In particular, the bank, which chose Google Cloud to host its digital banking system last year, aimed to implement a new microservices architecture […]

June 5, 2024

Bunq’s collaboration with Mastercard will see it leverage the payment giant’s Open Banking platform, which will enable Bunq customers to add accounts from any bank to their Bunq app, providing them with a “complete overview of their finances” and spending […]

June 4, 2024

Founded in 1994, Allpay primarily serves the UK public and social housing sector, providing a range of payment channels to approximately 90% of the UK’s leading 200 housing associations and 50% of local authorities. Through the partnership, the companies intend […]

May 28, 2024

The Dutch giant anticipates that the combination of HAL with its German private banking arm Bethmann Bank will solidify its “top three position” in the German wealth management sector. The merged entity is expected to manage approximately €70 billion in […]

May 21, 2024

Powered by Mambu’s core banking platform and supported by Backbase as the app’s “anchor platform” for onboarding, transaction processing, financing, consumer servicing and engagement, Backbase says the upcoming super-app will accommodate “the needs of diverse consumers in Malaysia beyond traditional […]

May 16, 2024

For the fourth consecutive year U.S. Bank has received the highest score in California in the J.D. Power 2024 U.S. Retail Banking Satisfaction Study of clients’ satisfaction with their primary bank. The U.S. Retail Banking Satisfaction Study, now in its […]

May 13, 2024

Almost six years after the enactment of the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA), the U.S. Department of the Treasury, as chair of the Committee on Foreign Investment in the United States (CFIUS), issued a Notice of […]

May 9, 2024

UK-based VC firm Hedosophia supported the raise as a new investor, alongside existing investors including CapitalG, the independent growth fund of Google’s parent company Alphabet. The new funding adds to Monzo’s initial $430 million raise in March, which was led […]

May 1, 2024

A report by The Wall Street Journal this week says Barclays is the leading contender in the race to take over the programme, which specifically serves purchasers and owners of General Motors vehicles. Barclays previously went head-to-head with Goldman Sachs […]

April 23, 2024

JTC describes FRTC-DE as “highly complementary” to its previous acquisitions of South Dakota Trust Company (SDTC) and New York Private Trust Company (NYPTC). The proposed deal, which is subject to customary closing conditions, will see FRTC-DE and its $9 billion […]

April 22, 2024

The bank, which has been lending to UK-based SMEs since 2020, reports that its revenues increased 141% in the 12 months up to 31 December, standing now at £191 million. Filing a 75% increase in customer deposits to £2.6 billion, […]

April 18, 2024

Founded in 2017, Mercury states customers of its new solution will have access to features such as customisable debit card limits, worldwide ATM fee reimbursements, no-fee domestic wires and ACH transfers, alongside no minimum balances. In addition, at the time […]

April 3, 2024

JPMorgan Chase launched a business Wednesday that will help marketers target customers based on their spending habits. Chase Media Solutions, billed as the only bank-led platform of its kind, connects Chase’s 80 million customers to retail deals tailored to their […]

March 28, 2024

Central Bank states that the move will enable it to deliver goal-oriented savings and wellness programmes to its digital users, offer real-time personalised financial advice and introduce an improved money management hub. Daniel Westhues, executive VP and CMO at Central […]

March 25, 2024

Founded in 2020, the start-up has three co-founders: Smeetha Ghosh (CEO), Brad Whittfield (CFO), and Gups Jutla (COO). Cashee describes itself as “a banking and financial education platform” and says it’s “empowering youth to create better money habits”. Once launched, […]

March 20, 2024

JPMorgan Chase has created a “sports investment banking coverage group” aiming to offer advisory and financing solutions for potential investors in athletic franchises, Reuters reported Tuesday, citing an internal memo. “Sports has become an increasingly large asset class, attracting more […]

March 18, 2024

This analysis begins with a look at some of those that did it first. Although a well-established retailer and grocer, it would take 78 years for British supermarket Tesco to tap the financial services market, a push led by the […]