Banking-as-a-service (BaaS), as a business model, promises to reshape financial services. And a drumbeat of regulatory actions and continued scrutiny from a veritable alphabet soup of regulators promises to reshape BaaS. The model, generally speaking, is one in which non-banks gain access to banking features,...
Kobalt Labs, which offers an artificial intelligence-powered copilot for risk and compliance teams, joined the Treasury Prime Partner Marketplace. Banks using Treasury Prime’s embedded banking software can now use the Kobalt Labs solution to better manage their third-party diligence with AI, the companies said in...
Embedded banking firm ClearBank expanded from the United Kingdom to Europe. The newly established ClearBank Europe N.V. is headquartered in the Netherlands and has a Dutch banking license. It will offer U.K. and European institutions clearing and embedded banking services across Europe, according to a...
Risk management platform Cable has launched a partnership with Texas-based Vantage Bank. The collaboration, announced Monday (July 29), is designed to help Vantage improve its compliance and risk management as it expands its FinTech program and partnerships. “Embedded banking is under intense scrutiny from regulators,”...
March 20, 2024
Ingo Payments CEO Drew Edwards told PYMNTS’ Karen Webster that the very definition of what a bank is — what it does and what it can do — is changing. Ask anyone working for a bank just what a bank does, and they’ll answer that the institution takes loans and makes deposits, Edwards said. And doing both, simultaneously, […]
February 01, 2023
Two years ago, banking-as-a-service (BaaS) provider Treasury Prime, then a startup, raised $20 million. And Wednesday (Feb. 1), the company’s embedded banking marketplace model — which brings banks, FinTechs and...
October 29, 2024
Visa is teaming with ClearBank on a partnership centered around issuance and money movement solutions. “By utilizing ClearBank’s cloud native banking infrastructure, Visa could soon benefit from its real-time payment processing, enhanced transaction visibility and a streamlined reconciliation process when processing transactions in the UK and Europe,” the companies said in a news release Tuesday […]
August 20, 2024
Kobalt Labs, which offers an artificial intelligence-powered copilot for risk and compliance teams, joined the Treasury Prime Partner Marketplace. Banks using Treasury Prime’s embedded banking software can now use the...
August 09, 2024
Embedded banking firm ClearBank expanded from the United Kingdom to Europe. The newly established ClearBank Europe N.V. is headquartered in the Netherlands and has a Dutch banking license. It will...
July 29, 2024
Risk management platform Cable has launched a partnership with Texas-based Vantage Bank. The collaboration, announced Monday (July 29), is designed to help Vantage improve its compliance and risk management as...
