In one fell swoop, Western Union may become the biggest neobank of all — and its reach already touches roughly 150 million customers across 200 countries. Europe may be ground zero for the company’s digital banking push. As reported Tuesday, the money transfer juggernaut is...
Citigroup said Monday (June 6) it plans to hire more than 4,000 people to join its tech team to help move institutional clients online following the COVID-19 pandemic. Jonathan Lofthouse, head of Citi’s markets and enterprise risk technology operations, told Bloomberg that more than a...
FinTech Ant Group is introducing a new bank in Singapore after receiving approval from the Monetary Authority of Singapore (MAS). The financial institution, dubbed ANEXT Bank, was approved by MAS to start doing business on June 2 and is among Ant Group’s biggest overseas drives...
There’s a wealth of top-ranked apps to consider in the latest edition of PYMNTS’ Provider Ranking of Digital Banking Apps because three contenders have achieved a perfect score of 100. With those three apps now sharing the No. 1 position, they left some empty seats at...
Technology provider Monty Finance will be pursuing expansion plans in the Middle East and adding ways to help the unbanked with digital finance services, a press release said Friday (May 27). The company plans to use the Seamless Middle East exhibition to engage with companies...
Digital wallet Coingrig has integrated Nordigen’s open banking platform in a move the companies say will “increase the ease of bank connectivity to their digital wallet.” According to an announcement on Nordigen’s website Wednesday (May 25), the Coingrig wallet lets users manage all their personal...
Verv has debuted its Multi-Currency Business Accounts, which will let companies in the European Economic Area (EEA) and the U.K. receive, pay and hold money in more than one currency, a presss release said Tuesday (May 24). This will allow the company’s name, account number...
Digital finance and lifestyle platform MoneyLion has said that it’s gotten a digital banking license from the Ministry of Finance of Malaysia in a consortium with the Japanese financial group AEON Financial Services and its Malaysian subsidiary AEON Credit Service. This comes as MoneyLion is...
Synapse, the global banking-as-a-service (BaaS) platform, has rolled out a new cash management account product, a press release said Tuesday (May 24). Called Global Cash, it will let residents in 35 countries invest and hold U.S. dollars. The release said this will let FinTechs expand...
