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

Bankable buys embedded finance firm Arex Markets

Banking-as-a-Service player Bankable has acquired of Arex Markets, giving the combined company the ability to embed credit and working capital into the payment flows of established neobanks, multinational brands and fintech platforms.

20 June 2023

News/wealth

Wealthtech OneVest raises CAD$17m

Canadian Wealth-as-a-Service outfit OneVest has raised CAD$17M in Series A funding led by Omers Ventures

15 June 2023

News/retail

FIS buys embedded finance firm Bond

FIS has acquired Banking-as-a-Service outfit Bond in what the fintech giant calls a "small but important purchase" for its platform strategy.

12 June 2023

Company update/wholesale

Qorbis and Mbanq to create personalised financial control solutions

Qorbis, a leading innovator in end-to-end embedded finance and FinTech personalization, today announces its partnership with top Banking-as-a-Service (BaaS) provider, Mbanq, to create a unique financial control and brand enhancement platform for clients.

09 June 2023

Company update/Banking-as-a-service

Central Payments embeds Allied Payment Network Bill Pay into fintech marketplace

Allied Payment Network, Inc. (Allied), the industry leader in real-time, open-network payments solutions to banks and credit unions, announced today it has entered into a partnership with Central Payments, leading Banking-as-a-Service (BaaS) provider of payments technology.

06 June 2023

Company update/payments

Shape Technologies launches payments-platform-as-a-service

Shape Technologies today launches its dynamic payments-platform-as-a-service (“PPaaS"), offering its fully customisable platform to payment service providers (“PSPs”) the world over.

02 June 2023

Company update/payments

BKN301 Group goes live with Finastra for BaaS roll out

Finastra, a global provider of financial software applications and marketplaces, announces that BKN301 Group, a fintech committed to creating a world without financial barriers, has gone live with Finastra’s Essence to bring digital and cross-border payments solutions to San Marino and subsequently emerging markets around the world.

16 May 2023

Company update/cloud

Rapid Finance partners Mambu on LaaS

Rapid Enterprise, a division of Rapid Finance, a market leader in helping small businesses find sustainable and customized financing solutions through a fast and simple application process, announced today from Fintech Nexus USA that its cloud-native digital end-to-end loan origination system (LOS), Decisioneer, is now integrated with Mambu’s cloud-based lending platform.

10 May 2023

Company update/retail

Sagicor Bank Barbados goes live with Mbanq BaaS platform

Sagicor Bank Barbados, the English-speaking Caribbean’s first fully digital bank, has gone live for customers in Barbados. The launch was delivered by Mbanq, the USA-based fintech innovator and global Banking-as-a-Service (BaaS) provider.

08 May 2023

Company update/startups

Paydora Finance unveils white label banking platform

Claudio Wilhelmer (prev. Revolut, NumberX), Matthias Seiderer (prev. Anyline, NumberX) and Christofer Trowe (prev. PPRO, Payback) together with Marko Wenthin (Dock Financial; prev. Solaris, Penta, Sofort) present their new fintech company Paydora Finance: The joint investment of Wenthin’s Banking-as-a-Service specialist Dock Financial and the three founders enables European companies and organisations to offer their own embedded finance solutions based on Paydora’s white label banking platform.

08 May 2023

Company update/predictions

BaaS to drive profound shift in financial services industry

The potential opportunities for banking-as-a-service (BaaS) in Europe could lead to a revolutionary shift in the financial service industry, a report reveals by research firm WhiteSight as commissioned by fintech SaaS provider Toqio.

03 May 2023

Company update/retail

Sila partners Sivo on debt financing

Sila Inc., a fintech software platform that provides banking-as-a-service, and Sivo, a leader in providing founder-friendly, programmatic debt funding - debt-as-a-service - to enable fintechs to lend to their users at scale, today announced that they entered a partnership.

27 April 2023

Research/Banking-as-a-service

Embracing Technology to shape the Future of Digital Banking

20 April 2023 603 downloads

Company update/payments

Intergiro and Incharge join forces

Intergiro, a Banking as a Service (BaaS) platform, has partnered with financial service provider Incharge to launch a new banking app designed to make financial services easier and more accessible for students in Europe.

17 April 2023

Finextra TV/retail

How will technology and changing digital consumer lifestyles shape new banking models?

Speaking to FinextraTV, Sheri Brandon, Chief Market Officer, Northern & Western Europe, Worldline, discusses the impact of digitalisation on banking models and how consumer lifestyles are influencing them.

13 April 2023

News/people

Railsr appoints new CEO following emergency sale

Following its rescue sale last month, embedded banking platform Railsr has brought in a new management team, led by the former boss of blockchain firm Setl, Philippe Morel.

04 April 2023

Company update/people

Worldpay chief Gabriel de Montessus takes the chair at Toqio

Fintech SaaS provider Toqio has announced a new Chairman for its board of directors. Gabriel de Montessus, Group President of Worldpay Global Enterprise, will be leading the board to ensure Toqio stays on track in its mission to become the platform of choice for building fintech solutions.

30 March 2023

Company update/retail

Tell.money teams with Scallop to develop blockchain-based Banking-as-a-Service

tell.money announces a partnership with Scallop as it develops its blockchain-based banking-as-a-service platform that aims to bridge the gap between traditional finance and decentralised finance.

29 March 2023

News/startups

Social impact fintech Spiral raises $28m for B2B pivot

New York-based startup Spiral has raised $28 million to launch its 'Impact-as-a-Service' platform designed to help banks and fintechs embed sustainability and social impact into their businesses.

29 March 2023

Company update/retail

BaaS fintech Swan spreads wings in Spain

Swan, the emerging European leader in embedded finance, today opens its first office in Spain as part of its continued European expansion. Spain is the second European country where Swan has established a local office, following a successful German launch last year. Swan’s application of embedded finance is a game changer for Spanish companies, empowering them to quickly and easily improve their customer experiences, while simultaneously boosting revenue.

10 March 2023