Banking-as-a-service

135 articles tagged with this keyword

/startups

BaaS platform Synctera makes Canadian play

American Banking-as-a-Service player Synctera has raised $15 million and made a move north of the border through a partnership with National Bank of Canada.

/payments

Weavr acquires Comma to combine embedded and open banking

Weavr, the London-based startup that allows businesses to embed banking and payments into their mobile app or SaaS platforms, has acquired B2B Open Banking platform, Comma Payments.

/startups

UK BaaS platform Griffin becomes a bank

UK Banking-as-a-Service platform Griffin has been authorised as a UK bank subject to restrictions.

/retail

Embedded banking player Treasury Prime raises $40m

Embedded banking platform Treasury Prime has raised $40 million a Series C funding round led by BAM Elevate.

/people

Solaris reshuffles management board

Solaris has announced a rejig of its management board. This move is linked to a change in their corporate strategy following the placement of a new CEO.

/retail

Global FS sector finds appetite for open finance

There is a growing appetite for the next evolutionary step in open banking - open finance - within the global FS sector, with nearly half of senior professionals considering it a "must have" in the context of data sharing.

/retail

Temenos invests in US Banking-as-a-Service provider Mbanq

Swiss core banking vendor Temenos has invested in US Banking-as-a-Service provider Mbanq.

/payments

Cross-border payments startup Buckzy raises $14.5m

Canadian real-time cross-border payments fintech Buckzy has raised US$14.5 million in a Series A funding round led by Mistral Venture Partners and Uncorrelated Ventures.

/startups

Griffin moves banking-as-a-service sandbox out of beta

UK-based banking-as-a-service startup Griffin has launched a sandbox for fintechs to build prototypes and test applications on its platform.

/regulation

Fund services firms lagging in digital journey

Despite the fact that the vast majority of trust, corporate and fund services see the benefit of adopting digital technology, only a third have actually started on their digitalisation projects.

/payments

Money20/20 US: Marqeta adds suite of BaaS products to card issuing platform

Global card issuer, Marqeta, today released a suite of seven products to offer embedded end-to-end banking products, expanding the portfolio of its card issuing platform.

/cloud

NatWest to launch BaaS business in UK

UK high street bank NatWest has teamed up with European software vendor Vodeno Group to launch a Banking-as-a-Service (BaaS) business for the UK market.

/payments

Sibos 2022: Will banks make hay while the fintechs suffer?

Questioned as to whether banks’ history of failing to innovate is what paved the way for challengers to flourish, Anne Boden, founder and CEO of Starling Bank, explained to the Sibos audience that while big banks struggled to transform their platforms for years, a slew of neobanks emerged with convincing value propositions.

/Sibos

Sibos 2022: BaaS provider delays cost fintechs $11m a year – ClearBank & Aite-Novarica

New research from ClearBank and Aite-Novarica Group reveals that half of fintechs are losing $11m per year in product delays due to BaaS (Banking-as-a-Service) providers. The report states that fintech firms must now embrace an embedded banking approach.

/retail

Railsr raises $46 million

Embedded finance platform Railsr has closed on a $46 million Series C round of combined equity and debt.

/payments

Finastra and Visa introduce global BaaS offering integrating Visa Direct

Finastra and Visa are working on a Banking-as-a-Service collaboration that will enable thousands of banks and financial institutions to offer faster cross-border payouts for their customers via Visa Direct.

/retail

HSBC invests $35 million in Monese

Mobile banking startup Monese has bagged a $35 million investment from HSBC to support its move into the banking-as-a-service space.

/startups

Wio launches 'platform bank' in UAE

Wio Bank has launched as the first "platform bank" in the UAE, offering apps, embedded finance and BaaS offerings in the region.

/startups

Griffin launches API-first BaaS platform Verify

London-based Banking-as-a-Service (BaaS) provider Griffin has launched Verify, a customer onboarding product to assist fintechs manage crime risks and KYC and KYB automation.

/payments

Afterpay closes Money app, ending Westpac partnership

Australian BNPL firm Afterpay is killing off its Money app - and the related partnership with Westpac - as parent Block readies the launch of its Cash App in the country.