Latest Banking-as-a-service News: Finextra Research

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.

10 October 2023

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.

03 October 2023

Company update/retail

Banking becoming byte-sized with rise of embedded finance

Banks must harness disruptive technologies and create their own or actively participate in digital ecosystems to remain at the heart of the banking universe, according to a global Economist Impact study, commissioned by Temenos, which surveyed 300 banks across the globe.

28 September 2023

Finextra TV/Sibos

Navigating compliance-as-a-service solutions

Radha Suvarna, Head and Chief Product Officer, BaaS & Value Added Payment Solutions at Finastra, is joined by Peter Reynolds, CEO at Thetaray, and Gideon Drori, CEO and President at Fincom, to discuss the solutions helping banks’ address risk and compliance challenges at Sibos 2023.

27 September 2023

Company update/retail

Credibly taps Green Dot's BaaS product to offer banking services to customers

Credibly, the data science-driven fintech lending platform that champions small- and medium-sized businesses (SMBs), is partnering with Green Dot (NYSE: GDOT) to expand its suite of small business financial products to include accessible, intuitive and useful business banking solutions.

27 September 2023

Company update/retail

Brankas and Konsentus launch Banking-as a-Service platform

Konsentus has teamed up with Brankas to enable financial institutions, central banks, and regulators to accelerate their open finance journeys.

26 September 2023

News/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.

26 September 2023

News/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.

21 September 2023

Company update/payments

Vodeno unveils new chairman and CEO

Vodeno, a leading European Banking-as-a-Service (BaaS) provider, today announces the appointment of Philip McHugh as Chairman and Noah Sharp as CEO. McHugh and Sharp will steer Vodeno’s next phase of growth and continue the company’s momentum, with more than 30 BaaS projects delivered or in development, and new investors, NatWest Group and the European Bank for Reconstruction and Development (EBRD), confirmed in recent months.

19 September 2023

News/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.

11 September 2023

Company update/wholesale

Wamo selects Modulr as BaaS provider

wamo, the digital business account provider for SMEs, today announces that it is partnering with Modulr as its new Banking-as-a-Service (BaaS) provider.

05 September 2023

News/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.

04 September 2023

Company update/people

10x Banking names Okan Ozaltin chief product officer

10x Banking, the transformational cloud-native SaaS core bank operating system founded by former Barclays CEO Antony Jenkins, is delighted to announce the appointment of Okan Ozaltin as its new Chief Product Officer (CPO).

17 August 2023

News/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.

11 August 2023

Research/Banking-as-a-serviceFuture of Report

The Future of Fintech in Latin America 2023

09 August 2023 312 downloads

Company update/wholesale

Treasury Prime and Academy Bank form BaaS partnership

Treasury Prime, a leading embedded banking software company, today announced it is partnering with Academy Bank to bring embedded finance services to its customers in the financial services industry.

31 July 2023

News/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.

27 July 2023

Company update/payments

Verestro unveils Banking-as-a-Service platform

Verestro, a leading provider of innovative financial technology solutions, is proud to announce the launch of its technologically advanced Bank-as-a-Service (BaaS) platform.

25 July 2023

Research/Banking-as-a-serviceFuture of Report

The Future of Fintech in Africa 2023

20 July 2023 574 downloads

Company update/people

Rapyd appoints Shlomit Wagman as global chief regulation and compliance officer

Rapyd, the leading global Fintech-as-a-Service provider, today announced the appointment of Dr. Shlomit Wagman, former Director-General of the Israel Money Laundering and Terror Financing Prohibition Authority (IMPA), Head of the Israeli Delegation to the FATF, Chair of the FATF operational working group, and a Harvard-affiliated scholar, as its Global Chief Regulation and Compliance Officer.

19 July 2023