Banking-as-a-service

379 articles tagged with this keyword

/wholesale

vestr secures $10m in funding round

Swiss fintech startup vestr has structured an oversubscribed financing round, combining a traditional equity investment with a non-dilutive component.

/Sibos

Industry issues and technology enhancements

Stephanie Wolf, Head of Global Financial Institutions, Governments and Business Banking Sales for GTS, Bank of America joins FinextraTV at Sibos 2022 to discuss the issues facing the industry and Bank of America’s latest innovation in APIs.

/payments

Galileo awarded Visa Ready certification

Galileo Financial Technologies, a leading financial technology company owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI), today announced that it has become Visa Ready certified as an issuer processor for its PCaaSA (Payment Cards as a Service API) technology for card issuing.

/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.

/Banking-as-a-service

Treasury Prime signs Bangor Savings Bank

Treasury Prime, a leading Banking-as-a-Service (BaaS) company, today announced a partnership with Bangor Savings Bank to deliver its award-winning BaaS offerings to the bank and companies it partners with in the financial services industry.

/payments

DND Finance releases credit card via Railsr BaaS

Railsr, the leading global embedded finance experiences platform, is partnering with DND Finance (DND), a multinational commercial equipment finance provider, to launch the Score Credit Mastercard.

/payments

EToro connects with OpenPayd for embedded finance

eToro, the world’s leading social investment platform, today announced a major partnership with Banking-as-a-Service infrastructure provider OpenPayd to power eToro Money accounts throughout Europe.

/retail

Moca joins BaaS Association

Moca Financial, the leader in advanced digital account platforms featuring virtual cards and payment processing solutions, announced today that it has joined the newly launched Banking-as-a-Service (BaaS) Association to further its commitment to support community banks.

/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.

/wholesale

Treasury Prime seals Banking-as-a-Service partnership with Tennessee-based FirstBank

Treasury Prime, a leading Banking-as-a-Service (BaaS) company, today announced it is partnering with FB Financial Corp (FirstBank) to bring embedded finance offerings to its clients.

/retail

Fondy to offer merchant customers virtual Iban accounts through ClearBank integration

ClearBank, the enabler of accounts, real-time clearing, and embedded banking for financial institutions, today announced its integration with Fondy, a one-stop payment platform, to provide ecommerce companies with an efficient, easy-to-implement shop payment solution.

/retail

Railsr partners with Maslife to launch a finance app that combines financial health and mental wellb

Railsr, the leading global embedded finance experiences platform, is partnering with Maslife to launch a finance app that combines financial health and mental wellbeing, supported by Mastercard and Checkout.com.

/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.

/payments

FIS unveils Worldpay for Platforms

Financial technology leader FIS (NYSE: FIS) announced today that it is revolutionizing the way small-to-medium-sized businesses (SMBs) gain access to embedded payments and finance solutions through software providers with the launch of Worldpay for Platforms.

/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

First National Bank of Omaha launches credit card-as-a-service solution

First National Bank of Omaha (FNBO) announces the launch of Bend by FNBO.