142 articles tagged with this keyword
News/cloud
Westpac has appointed Damien MacRae as its first BaaS chief executive, overseeing the Australian lender's efforts to deepen its relationship with non-bank partners looking to embed banking services.
03 March 2022
News/wholesale
Barcelona-based Hubuc has become the latest embedded finance player to raise funding, closing a $10 million seed round co-led by WndrCo and Runa Capital.
24 February 2022
News/crypto
Crypto exchange and mobile banking platform hi has teamed up with BaaS player Contis on a debit card that lets shoppers pay with their digital assets at over 60 million merchants.
News/startups
Weavr, a London-based startup that allows businesses to embed banking and payments into their mobile app or SaaS platforms, has closed a $40 million Series A funding round led by Tiger Global.
22 February 2022
Berlin-based banking-as-a-service platform Solarisbank and Contis have today completed their previously disclosed partnership, bringing their combined revenue to €100 million.
28 January 2022
News/retail
Indian embedded finance firm M2P has raised $56 million to expand its suite of API-based services internationally.
20 January 2022
Funding Circle has moved into the embedded finance market, providing third party firms with a single API to offer loans of up to £500,000 to small businesses within their own website.
02 December 2021
The Bank of London is set to enter the UK's clearing market with a pre-revenue valuation of $1.1 billion and plans to recruit 3000 staff over the five years.
30 November 2021
Russian food retailer, that operates Pyaterochka, Perekrestok and Karusel brands, will uplift loyalty cards and add banking services such as payments, money transfers and rouble-denominated cashback.
19 November 2021
Fintech BM Technologies has agreed to buy community business lender First Sound Bank in a $23 million deal.
15 November 2021
Australian neobank Volt has joined with Open Banking intermediary Frollo to jointly build and launch a new white-labelled banking-as-a-service (BaaS) app that is fully integrated with its core banking system.
News/sustainable
Standard Chartered's innovation arm has enlisted the help of Starling Bank for a digital platform that will help UK savers invest in green and sustainable projects.
08 November 2021
Jumo, a South African and London-based fintech startup that helps the underbanked get access to financial services such as loans and savings products, has raised $120 million with backing from Fidelity and Visa.
Financial app Douugh has sealed a Banking-as-a-Service arrangement with Railsbank to expand its footprint in Australia, followed by a commercial roll out to the UK, Europe and Southeast Asia.
04 November 2021
News/people
Cameron Meindl, Westpac's chief platform officer who has been overseeing the bank's move into the banking-as-a-services arena, has quit after 13 years with the Australian lender.
Savings and investment app Chip has struck a deal with banking-as-a-service provider ClearBank to provide users with FSCS-protected accounts and the ability to deposit and withdraw funds in real-time.
27 October 2021
Startup Bling Card has joined forces with SocGen-owned BaaS player Treezor to develop a prepaid pocket money card and financial education app for kids in Germany.
21 October 2021
HSBC is working with Oracle NetSuite to launch a Banking-as-a-Service (BaaS) offering that will enable customers to create and provide business banking services through their own platforms.
19 October 2021
News/payments
Global Processing Services, the payment processor behind a host of challenger bank startups, including Revolut and Starling, has raised $300 million from Advent International and Viking Global Investors.
13 October 2021
Starling Bank's much-trailed expansion into European markets will come in the form of a banking-as-a-service technology package, rather than a customer-facing proposition.
29 September 2021
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