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

Investment-as-a-Service startup Upvest secures $42 million Series B

Upvest, a Berlin-based startup offering a plug-and-play API for fintechs entering the investment market, has secured $42M in Series B financing led by Bessemer Venture Partners.

16 June 2022

News/startups

Mena Banking-as-a-Service player NymCard raises $22.5 million

Abu Dhabi-based banking-as-a-service vendor NymCard has raised $22.5 million in a venture round led by DisruptAD – ADQ’s venture platform, Reciprocal Ventures, and Shorooq Partners

13 June 2022

News/people

Contis to increase headcount by 33%

Bucking the trend for lay-offs in the fintech sector, Banking-as-a-Service provider Contis has revealed plans to increase its headcount by more than 33% over the next six months, with the Yorkshire headquartered firm intending to recruit 123 additional roles across the UK, Lithuania and India.

07 June 2022

News/payments

Matchmove acquires e-commerce firm Shopmatic

Souteast Asian emebedded finance firm MatchMove has acquired e-commerce specialist Shopmatic in a $200 million deal.

23 May 2022

News/payments

BaaS hits the mainstream for US banks - CCG

CCG’s second annual US banking study titled ‘The Banking Battleground 2022: Finding the opportunities,’ has found that US bank executives are showing strong interest in pursuing and offering Banking-as-a-Service (BaaS) options.

20 May 2022

News/cloud

TCF 2022: Closing the void between banking and fintech

Banking as a Service (BaaS) and Banking as a Platform (BaaP) were key themes throughout both days of the Temenos Community Forum (TCF). These topics were also hit on during a session about how to scale your business, led by Ross Mallace – speakers executive vice president, global head of SaaS and partner ecosystem at Temenos.

19 May 2022

News/cloud

TCF 2022: Plug-and-play required for hyper-personalisation

Max Chuard, Temenos CEO, opened the Temenos Community Forum 2022 (TCF) introducing a number of the key themes to be covered during the conference, from embedded finance, to disruptive technologies, disintermediation, new business models, composable services, and sustainability.

19 May 2022

News/retail

Israeli BaaS player Unit raises $100 million to expand into credit markets

Israeli banking-as-a-Service platform Unit has raised $100 million in a Series C round led by global software investor Insight Partners.

19 May 2022

News/cloud

Temenos Community Forum 2022 theme announced

As media partner for the Temenos Community Forum, Finextra can reveal the theme for the first in-person event Temenos has held in three years.

05 May 2022

News/devops

Finastra announces Hack to the Future 4 winners

Finastra has named the winners of its Hack to the Future 4 annual global hackathon.

28 April 2022

News/payments

Mondu moves into online B2B BNPL with BaaS support from Raisin

Germany's Mondu is to offer buy now, pay later services to online B2B merchants and marketplaces through a Banking-as-a-Service collaboration with Raisin Bank.

27 April 2022

News/retail

SEB signs new fintech startup as first BaaS customer

Sweden's SEB has signed Humla, a fintech startup from retail congolomerate Axel Johnson, as the first customer for its banking-as-a-service platform.

27 April 2022

News/people

Finastra hires Isabel Fernandez to lead lending biz unit

Finastra has appointed former ING Bank board member Isabel Fernandez as EVP for the company’s lending business unit.

22 April 2022

News/startups

Plaid co-founder unveils bank for fintechs

Plaid co-founder William Hockey has taken the wraps off his new venture, a bank he is running with his wife that is built specifically to help developers creating financial products.

22 April 2022

News/predictions

Retail banks must embrace data-centric capabilities to see off fintech challenge - report

As fintech upstarts snap at their heels, retail bank executives are concerned that they are lagging in their ability to offer true omnichannel and personalised experiences, according to a report from Capgemini and Efma.

21 April 2022

News/wholesale

Finastra unlocks lending for Microsoft Dynamics 365 users

Finastra has formed a Banking-as-a-Service (BaaS) collaboration with Microsoft to provide access to finance for SME's using Microsoft Dynamics 365.

12 April 2022

News/startups

Piraeus to launch independent digital bank

Piraeus Bank is to build a new online-only independent bank for customers in Greece and the rest of the European market, capitalising on digital trends in banking-as-a-service and buy now, pay later.

07 April 2022

News/startups

Stock trading API startup lemon.markets raises €15m

Lemon.markets, a Berlin-based startup that helps firms embed trading services via APIs, has raised €15 million in a seed funding round co-led by Lakestar and Lightspeed.

06 April 2022