Banking-as-a-service

378 articles tagged with this keyword

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Synapse fallout leaves 85,000 Yotta customers locked out of accounts

Savings app Yotta says 85,000 customers have been locked out of their accounts for three weeks because of the collapse of BaaS platform Synapse.

/Banking-as-a-service

The Future of Digital Banking in Europe 2024

969 downloads

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Engine SaaS platform could push Starling valuation to £10bn - investor

Starling's SaaS platform Engine could generate hundreds of millions of pounds a year for the UK digital bank, propelling it towards a £10 billion valuation, predicts investor Chrysalis.

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Wio Bank reports profitability in first full year

Wio Bank PJSC, the region's first platform bank built to serve tomorrow’s customers, has announced its financial results for the fiscal year 2023, underscoring its rapid journey to profitability. As a leading choice for SMEs, the company reported a revenue of AED 266.4 million and a net profit of AED 2 million, marking its first full year of operations with impressive profitability since its launch in September 2022.

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Synctera launches Bring-you-own-Bank

Synctera was built on the foundation that facilitating strong relationships between our customers and their sponsor bank is the key to everyone’s long-term success.

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Synapse fallout leaves Copper customers unable to access funds

The collapse of BaaS platform Synapse has forced teen finance app Copper to suddenly discontinue its bank deposit accounts and debit cards, leaving some customers unable to access their funds.

/people

DriveWealth hires former Morgan Stanley execs

DriveWealth, a leading financial technology platform providing Brokerage-as-a-Service, announced today the hiring of two new executives: Kyla Murphy, as Chief Product Officer and Lauren Veisz as Head of Operations.

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TCF 2024 day 2: ESG, AI, and the market outlook

Benjamin Ensor, director of research and strategy at 11:FS, moderated the first panel of the day to look at a market updates. He was joined by Kanika Hope, chief strategy officer, Temenos; Dan Broten, chief technology officer, EQ Bank; and Rob Keijsers, chief digital and information Officer, ASA International.

/Banking-as-a-service

Audax teams with Paymentology on Cards-as-a-Service project

Paymentology, the leading next-gen global issuer-processor, today announced a strategic partnership with audax Financial Technology (“audax”), a comprehensive digital banking technology solutions provider backed by Standard Chartered Ventures.

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BKN301 Group unveils Baas Orchestrator platform

BKN301 Group, a leading digital payments and Banking-as-a-Service with a focus on EMEA region, unveiled its cutting-edge BKN301 BaaS Orchestrator solution with the objective of radically transforming financial landscape.

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TabaPay ditches plan to buy assets of bankrupt BaaS firm Synapse

Money moving fintech TabaPay has pulled out of a deal to buy the assets of bankrupt Banking-as-a-Service platform Synapse.

/payments

Checkout.com unveils Payments-as-a-Service programme, Flow

Checkout.com, a leading global digital payments provider, today launched its latest product designed for global enterprises.

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Unlimit and Velmie join forces

Unlimit, a leading global fintech company, has today announced the partnership of its Banking as a Service (BaaS) platform with digital banking solutions provider Velmie.

/payments

Tide partners with Adyen in German market

Tide has announced that it will offer business accounts in Germany, marking the beginning of the company's expansion into Europe.

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Checkout.com and Mastercard partner up to launch virtual cards for Online Travel Agents

Digital payments provider Checkout.com has announced its partnership with payments giant Mastercard to provide Online Travel Agents with virtual cards.

/people

Synctera appoints Ellen Linardi as chief product and technology officer

I’m extremely pleased to share today that we’ve created, and filled, a new role at Synctera -- Chief Product and Technology Officer (CPTO).

/payments

Monese splits in two

Mobile banking startup Monese has confirmed the break up of the business into separate consumer-facing and corporate concerns and the arrival of new funding.

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QI Tech becomes new LatAm fintech unicorn in Series B extension

QI Tech (the “Company”), a leading financial services infrastructure provider in Brazil, today announced it has extended its Series B round, raising additional equity with current investor General Atlantic, a leading global growth investor, as well as Across Capital.

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Embedded finance risks in the spotlight as losses run into the millions

Elmore, a leading insurance provider to the fintech community in Europe, is highlighting today the risks to the embedded finance market, which has been forecast by PWC to grow fivefold, from US$54.3 billion in 2022 to US$248.4 billion, by 2032.

/payments

TabaPay to acquire assets of bankrupt BaaS provider Synapse

Money moving platform TabaPay is to acquire the rival assets of bankrupt Banking-as-a-Service platform Synapse.