Virtual Banking
BBVA to Invest $300 Million in Brazilian Digital Bank Neon
BBVA has reached an agreement to invest $300 million (about €263 million) in Neon, a Brazilian digital bank founded in 2016 that aims to improve access to financial services for individuals, self-employed and small businesses in its country. Neon has
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Italian Banking Group Intesa Sanpaolo Invests £40 Million Into Thought Machine
Italian international banking group Intesa Sanpaolo has selected Thought Machine, the UK-headquartered core banking technology company, to power its new digital banking platform. In conjunction with this partnership, Intesa Sanpaolo has made a £40 million investment in Thought Machine to
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Abacus lanciert innovative Bankkarte mit Hilfe von Yapeal und baut Beteiligung aus
Mit der Lancierung stellt Abacus die Vorteile der Technologie von YAPEAL all ihren Kunden zur Verfügung. Spesen und Zahlungen können in Echtzeit abgewickelt und verbucht werden. Manuelle Buchungen in der Buchhaltung erübrigen sich für diese Prozesse. Mit den über 60’000
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Top 20 Most Valuable Independent Digital Banks Worth a Combined US$184.7B
Around the world, independent digital banks are growing and maturing. As awareness and adoption surged on the back of the COVID-19 pandemic, investors continued pouring billions of dollars into the sector, pushing valuations to all-time high levels. As of late-2021,
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New Study Reveals Low Digital Banking Adoption Level Amongst Swiss SMEs
Despite Switzerland being a global banking hub, a study commissioned by fintech firm Crealogix found low adoption of digital functionalities and low satisfaction ratings of digital banking amongst Swiss small and medium-sized enterprises (SMEs). The survey, which polled SMEs in
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Temenos Expands Microsoft Partnership to Bolster Its Cloud Banking Product
Global banking software company Temenos is expanding its strategic relationship with Microsoft to meet the growing demand for its SaaS and banking services. The company is looking to grow its SaaS and open banking solutions under the Temenos Banking Cloud,
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bunq Becomes First European Digital Bank to Offer Mortgages
Dutch challenger bank bunq announced that it will become the first European digital bank to offer mortgages. The bank secured a partnership with Dutch lending platform Tulp to deliver mortgages starting from early 2022, a statement from the company said.
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Credit Suisse’s CSX Named Best-Known Swiss Digital Banking Brand
Credit Suisse’s digital bank offering CSX has been named the best-known Swiss brand for digital banking in Switzerland a year after launching. According to independent market research, nearly half of the Swiss population is familiar with the CSX brand name,
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MoneyLion Acquires MALKA Media to Accelerate Customer Growth
US-based neobank MoneyLion announced that it has acquired MALKA Media Group, a rapidly growing creator network and content platform. The acquisition builds on a four-year partnership between both entities. MALKA’s content engine as well as MoneyLion’s personalization technology and financial
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FINMA Extends YAPEAL’s License to Now Include Cross Border Services
Swiss digital challenger bank YAPEAL announced that the Swiss Financial Market Supervisory Authority (FINMA) has granted it a license extension to offer cross border services to international customers. The services include national payments, international transfers, a VISA debit card for
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