Banking-as-a-service

135 articles tagged with this keyword

/cloud

PwC forms alliance with Starling's Engine SaaS platform

PwC has signed on as a strategic implementation platform for Starling Bank's Software-as-a-Service platform, Engine.

/payments

TrueLayer partners with Lunar for Nordic push

UK open banking vendor TrueLayer is hopping on the payment infrastructure of Nordic challenger bank Lunar in a bid to extend its account-to-account payment services across Denmark, Sweden and Norway.

/retail

Finastra survey shows global investment in AI, embedded finance, and BaaS

Finastra’s annual global State of the Nation Survey revealed that the financial services sector is investing in new innovations in artificial intelligence (AI), embedded finance, and Banking-as-a-Service (BaaS).

/retail

Starling signs first banking client for SaaS platform

Starling Bank has signed Romania's Salt Bank as the first client for its Software-as-a-Service platform, Engine.

/retail

Brazilian BaaS platform QI Tech raises $200 million

Brazilian Banking-as-a-Service platform QI Tech has raised $200 million in a Series B round led by General Atlantic.

/retail

Synapse lays off 40% of workforce after major client defects

US-based Banking-as-a-Service startup Synapse has laid of 40% of its workforce after losing a major client.

/payments

Weavr shuts down recently-acquired Comma app

London-based embedded finance firm Weavr is shutting down Comma, the open banking payments app it acquired just months ago.

/payments

Solaris struggles to raise funds to meet major credit card contract - FT

German Banking-as-a-Service outfit Solaris is struggling to raise fund to execute on a major credit card contract with Munich-based motor association Adac, the FT reports.

/devops

SC Ventures launches new BaaS solutions provider audax

SC Ventures, the innovation, fintech investment and venture incubation arm of Standard Chartered, today announced the launch of a new digital banking technology solutions provider, audax Financial Technology.

/wholesale

Indian SaaS fintech Perfios raises $229m

Indian B2B SaaS fintech Perfios has secured $229 million in Series D funding from private equity investor Kedaara Capital.

/startups

Nigerian BaaS startup Anchor raises $2.4 million

Nigerian Banking-as-a-Service platform Anchor has raised $2.4 million in seed funding from a number of prominent investors, including Goat Capital, FoundersX and Rebel Fund, alongside existing backers Y Combinator and Byld Ventures.

/retail

Starling in talks with Asian bank about BaaS platform deal - CNBC

UK challenger bank Starling is working with an Asian lender about taking its Engine banking-as-a-service platform outside of Europe for the first time.

/predictions

What are the leading BaaS trends and strategies for 2023

At the Temenos Community Forum that took place in Vienna during May earlier this year, Finextra sat down with chief strategy officer at Temenos, Kanika Hope, to discuss how Banking-as-a-Service (BaaS) trends are impacting the banking sector.

/payments

EBAday: The rise of Banking-as-a-service

The final session of EBAday 2023 covered the rise of Banking-as-a-service (BaaS). The PANEL looked at the benefits of BaaS and Payment-as-a-service (PaaS) for financial institutions and whether it will increase efficiency, or diversify revenue.

/retail

Bankable buys embedded finance firm Arex Markets

Banking-as-a-Service player Bankable has acquired of Arex Markets, giving the combined company the ability to embed credit and working capital into the payment flows of established neobanks, multinational brands and fintech platforms.

/wealth

Wealthtech OneVest raises CAD$17m

Canadian Wealth-as-a-Service outfit OneVest has raised CAD$17M in Series A funding led by Omers Ventures

/retail

FIS buys embedded finance firm Bond

FIS has acquired Banking-as-a-Service outfit Bond in what the fintech giant calls a "small but important purchase" for its platform strategy.

/people

Railsr appoints new CEO following emergency sale

Following its rescue sale last month, embedded banking platform Railsr has brought in a new management team, led by the former boss of blockchain firm Setl, Philippe Morel.

/startups

Social impact fintech Spiral raises $28m for B2B pivot

New York-based startup Spiral has raised $28 million to launch its 'Impact-as-a-Service' platform designed to help banks and fintechs embed sustainability and social impact into their businesses.

/payments

Railsr agrees rescue sale to investors

Embedded banking platform Railsr has been saved from collapse after agreeing a sale to a consortium of investors led by D Square Capital. Terms of the deal were not disclosed.