In today’s top news in digital-first banking, Ukrainian financial institution UKRSIBBANK is collaborating with Sweden-based FinTech upstart Dreams, while Oportun Financial is pursuing a national bank charter with the Office of the Comptroller of the Currency (OCC). Plus, N26 is launching a subscription-based online banking...
U.S. challenger bank Current has raised $131 million in a Series C funding round, according to a press release. The round was led by Tiger Global Management, while new investors Sapphire Ventures and Avenir also contributed alongside existing investors Foundation Capital, Wellington Management Company and...
As we move through what might be the final stages of the pandemic, as the vaccines may put an end to this public health nightmare, the virus has altered several business verticals – permanently. Banking is no exception, and the lines are blurring between a...
In today’s top news in digital-first banking, online banking platform HMBradley has raised $18.25 million in a Series A round, while HSBC is introducing a new real-time payments offering. Plus, Spanish financial firm BBVA has created an offering that simplifies expense management. Digital Bank HMBradley...
In today’s top news in digital-first banking, The Office of the Comptroller of the Currency (OCC) has proposed a personal banking rule intended to level the playing field, while U.S. taxpayers reportedly stand to take a hit of roughly $435 billion from borrowers’ failure to...
Small and medium-sized businesses (SMBs) got their clocks cleaned by the pandemic, and turning to their traditional lending sources, they’ve encountered sclerotic systems and outdated policies not conceived for the needs of the recovering Main Street merchants of 2021. Being resourceful entrepreneurs, more SMBs began...
There’s no shortage of consulting advice and press clippings that will state the importance of actionable data for companies as a selling, operational and marketing strategy. Big data, it used to be called. But there’s a new data revolution underway and this one is on...
Visa’s goal of building what it has called a “network of networks” reflects its view of what adds value in a global financial services ecosystem where the shared interest in doing what’s best for consumers and businesses is what drives outcomes. Collaboration and not competition,...
In today’s top news in digital-first banking, Transcard is rolling out an account-to-account (A2A) offering, while Banco Santander has closed a deal for Wirecard’s technology infrastructure. Plus, Revolut announced the debut of open banking for German users. Transcard Unveils New Account-To-Account Payments Solution Transcard, the payments...
