Banking-as-a-service

147 articles tagged with this keyword

/startups

Griffin moves banking-as-a-service sandbox out of beta

UK-based banking-as-a-service startup Griffin has launched a sandbox for fintechs to build prototypes and test applications on its platform.

/regulation

Fund services firms lagging in digital journey

Despite the fact that the vast majority of trust, corporate and fund services see the benefit of adopting digital technology, only a third have actually started on their digitalisation projects.

/payments

Money20/20 US: Marqeta adds suite of BaaS products to card issuing platform

Global card issuer, Marqeta, today released a suite of seven products to offer embedded end-to-end banking products, expanding the portfolio of its card issuing platform.

/cloud

NatWest to launch BaaS business in UK

UK high street bank NatWest has teamed up with European software vendor Vodeno Group to launch a Banking-as-a-Service (BaaS) business for the UK market.

/payments

Sibos 2022: Will banks make hay while the fintechs suffer?

Questioned as to whether banks’ history of failing to innovate is what paved the way for challengers to flourish, Anne Boden, founder and CEO of Starling Bank, explained to the Sibos audience that while big banks struggled to transform their platforms for years, a slew of neobanks emerged with convincing value propositions.

/Sibos

Sibos 2022: BaaS provider delays cost fintechs $11m a year – ClearBank & Aite-Novarica

New research from ClearBank and Aite-Novarica Group reveals that half of fintechs are losing $11m per year in product delays due to BaaS (Banking-as-a-Service) providers. The report states that fintech firms must now embrace an embedded banking approach.

/retail

Railsr raises $46 million

Embedded finance platform Railsr has closed on a $46 million Series C round of combined equity and debt.

/payments

Finastra and Visa introduce global BaaS offering integrating Visa Direct

Finastra and Visa are working on a Banking-as-a-Service collaboration that will enable thousands of banks and financial institutions to offer faster cross-border payouts for their customers via Visa Direct.

/retail

HSBC invests $35 million in Monese

Mobile banking startup Monese has bagged a $35 million investment from HSBC to support its move into the banking-as-a-service space.

/startups

Wio launches 'platform bank' in UAE

Wio Bank has launched as the first "platform bank" in the UAE, offering apps, embedded finance and BaaS offerings in the region.

/startups

Griffin launches API-first BaaS platform Verify

London-based Banking-as-a-Service (BaaS) provider Griffin has launched Verify, a customer onboarding product to assist fintechs manage crime risks and KYC and KYB automation.

/payments

Afterpay closes Money app, ending Westpac partnership

Australian BNPL firm Afterpay is killing off its Money app - and the related partnership with Westpac - as parent Block readies the launch of its Cash App in the country.

/cloud

Finextra announces inaugural Financial Cloud Summit

Finextra is pleased to announce the launch of its inaugural Financial Cloud Summit, set to take place in early 2023.

/startups

Digital bank Grasshopper raises $30.4m

Grasshopper, a US digital bank serving SMEs and entrepreneurs, has raised $30.4 million.

/payments

Solarisbank rebrands as Solaris

Embedded finance platform Solarisbank has announced a name change to Solaris, as the legal status of the fintech company changes from a German AG to an international SE, Societas Europaea.

/retail

Starling abandons plans to launch in Ireland

UK challenger bank Starling has decided not to pursue an Irish banking licence as it changes its plans for international expansion.

/payments

Plum joins forces with Railsr to launch debit card

In its first venture into spending products, Plum has announced the launch of its degradable debit card, consolidating its position as a comprehensive money app.

/startups

BaaS startup BKN301 raises EUR15m

BKN301, a digital payments and Banking-as-a-Service startup, has raised EUR15 million in a Series A funding round led by Abalone Group.

/payments

Finastra launches BNPL alternative

Following the news of Finastra’s new product, an embedded consumer lending solution, Finastra’s senior director of solution management, Banking-as-a-Service (BaaS), and orchestration, Jeannette Kescenovitz comments on the new service.

/payments

Raisin Bank moves into payments through acquisition

German BaaS player Raisin Bank is moving into the payments business after agreeing to buy a Bankhaus August Lenz unit. Financial terms were not disclosed.