Banking-as-a-service

147 articles tagged with this keyword

/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.

/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.

/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.

/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.

/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.

/payments

EBAday: The rise of Banking-as-a-service

The final session of EBAday 2023 covered the rise of Banking-as-a-service (BaaS). The PANEL looked at the benefits of BaaS and Payment-as-a-service (PaaS) for financial institutions and whether it will increase efficiency, or diversify revenue.

/retail

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.

/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

/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.

/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.

/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.

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Railsr agrees rescue sale to investors

Embedded banking platform Railsr has been saved from collapse after agreeing a sale to a consortium of investors led by D Square Capital. Terms of the deal were not disclosed.

/startups

BaaS platform Synctera makes Canadian play

American Banking-as-a-Service player Synctera has raised $15 million and made a move north of the border through a partnership with National Bank of Canada.

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Weavr acquires Comma to combine embedded and open banking

Weavr, the London-based startup that allows businesses to embed banking and payments into their mobile app or SaaS platforms, has acquired B2B Open Banking platform, Comma Payments.

/startups

UK BaaS platform Griffin becomes a bank

UK Banking-as-a-Service platform Griffin has been authorised as a UK bank subject to restrictions.

/retail

Embedded banking player Treasury Prime raises $40m

Embedded banking platform Treasury Prime has raised $40 million a Series C funding round led by BAM Elevate.

/people

Solaris reshuffles management board

Solaris has announced a rejig of its management board. This move is linked to a change in their corporate strategy following the placement of a new CEO.

/retail

Global FS sector finds appetite for open finance

There is a growing appetite for the next evolutionary step in open banking - open finance - within the global FS sector, with nearly half of senior professionals considering it a "must have" in the context of data sharing.

/retail

Temenos invests in US Banking-as-a-Service provider Mbanq

Swiss core banking vendor Temenos has invested in US Banking-as-a-Service provider Mbanq.

/payments

Cross-border payments startup Buckzy raises $14.5m

Canadian real-time cross-border payments fintech Buckzy has raised US$14.5 million in a Series A funding round led by Mistral Venture Partners and Uncorrelated Ventures.