Card issuing platform Marqeta has launched a partnership with U.K.-based, entrepreneur-focused digital bank OakNorth. The collaboration will see Marqeta offer a commercial card for OakNorth’s business banking clients, with the Marqeta platform giving these customers a better view of the finances, the companies said in a news release Wednesday (April...
From accountancy to anti-fraud measures, the various technologies that exist under the FinTech umbrella have always deployed the latest innovations. When it comes to the application of artificial intelligence (AI) in finance, startups are proving to be every bit as important as the tech giants...
Lender OakNorth is acquiring intelligent cashflow startup Fluidly for undisclosed terms, according to a press release emailed to PYMNTS on Monday (Dec. 13). The acquisition is subject to regulatory approval. Founded in 2018 in London by Rishi Khosla and Joel Perlman, OakNorth was awarded a...
In today’s top Europe, the Middle East and Africa (EMEA) news, U.S. and EU officials met in Pittsburgh to discuss technology regulation, while U.K. commercial bank OakNorth is now valued at $5 billion. Plus, U.K.-based digital bank Starling expands into Europe, 6 million merchants march...
April 26, 2024
For the companies populating the FinTech IPO Index, earnings have been part of the continuing avalanche of headlines this past week. Earnings Begin to Trickle In Oportun shares soared 32.5%. The company this week announced preliminary results that showed expected revenue ranges of $248 million to $250 million in the first quarter, down from $295.5 […]
May 28, 2021
Digital banking has become the new normal over the past year, with 71 percent of all financial institution (FI) customers now regularly banking online. Many of these customers have embraced...
April 24, 2024
Card issuing platform Marqeta has launched a partnership with U.K.-based, entrepreneur-focused digital bank OakNorth. The collaboration will see Marqeta offer a commercial card for OakNorth’s business banking clients, with the Marqeta platform giving these customers a better view of the finances, the companies said in a news release Wednesday (April 24). “Traditional banking products aren’t always a fit for the specific […]
December 13, 2021
Lender OakNorth is acquiring intelligent cashflow startup Fluidly for undisclosed terms, according to a press release emailed to PYMNTS on Monday (Dec. 13). The acquisition is subject to regulatory approval....
March 26, 2020
Digital banks that weren’t part of an earlier funding scheme lack the accreditation necessary to send relief to people affected by the coronavirus, according to a Thursday (March 26) Reuters...
October 07, 2019
OakNorth, a FinTech backed by SoftBank, has hired former Google executive Sunil Chandra to lead its artificial intelligence (AI)-based technology arm. The Financial Times is reporting that Chandra will take...
