Remitly Ditches Banking App Passbook
Remitly, a company that specializes in money transfers, is closing Passbook, an online bank account for immigrants from the United States.
Finance & Economics - page 75
Mantl Signs Financial Plus Credit Union
Financial Plus, a $1.2 billion credit union with 11 branches in Michigan, announced the start of a partnership with Mantl, a leading provider of account creation solutions.
UK Challenger and Specialist Bank SME Lending Hits Record High
In 2022, applicant banks and specialized banks in the UK provided more loans to small businesses than traditional large players in the relevant services market.
First Fidelity Bank Unveils BaaS Offering
First Fidelity Bank (FFB), a 100-year-old community bank headquartered in Oklahoma City, announced the launch of a next-generation Banking as a Service (BaaS) product.
Startup Zipzero Raises £1 Million
Zipzero, a British consumer app, has announced that it has managed to attract initial funding of 1 million pounds.
Banco Sabadell to Sell Payments Arm to Nexi
Spanish bank Banco Sabadell announced the sale of 80% of the shares of its Paycomet payment division to the Italian company Nexi.
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Japanese Banks to Enter Metaverse Economic Zone
Leading Japanese banks and tech companies have joined a metaverse infrastructure project to provide payments, authentication, and insurance services for users across platforms
Sequoia Backs Off App Citizen
Sequoia Capital has stopped funding the app to track the security situation.
Circle and Citizens Trust Bank Partner on Digital Financial Inclusion
Citizens Trust Bank has announced plans to hold $65 million in cash reserves in US dollars (USDC).
OpenWallet Foundation Announces 37 Backers for Digital Wallet Project
The Linux Foundation Europe’s initiative to create an open-source engine was implemented with the support of 37 private, non-profit, academic, and government organizations.
Investment Banks Approach Monzo Over IPO
Investment banks have approached the British bank Monzo about a potential initial public offering of shares.
DBS Bank India to Enhance Financial Solutions for MSMEs
DBS Bank India partnered with the eSamudaay network to offer better cash management solutions to MSMEs which conduct business through Open Network for Digital Commerce (ONDC)
Revolut Launches In-App Cashback Feature
Revolut, a global financial superapplication launches a new way of shopping, in which customers receive cashback from their favorite retailers.
Embedded Payments Revenue to Surpass $59B Globally by 2027
A new study from Juniper Research found that the global revenue from embedded payments will reach $59 billion in 2027, up 84% from $32 billion in 2023
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