Search Results for: savings market

Atom Bank to Raise £40m to Put It on the Path to Profitability in the Near Term
Fintech Fintech Funding News

Atom Bank to Raise £40m to Put It on the Path to Profitability in the Near Term

Fintech News Desk
Atom, the UK’s first app-based bank, is to raise £40m from existing shareholders as it moves to profitability from its mortgage and business lending within a year, and to IPO the year after. Read More: Aurus Technologies Brings Gold Tokenization to Chile and Latin America Atom’s revenues are growing strongly......
FedNow Outlines Approach To ISO 20022 Specifications
Fintech InsurTech Investment Services News Risk Management

FedNow Outlines Approach To ISO 20022 Specifications

Fintech News Desk
The new year is off to a fast start for the FedNow Service. We recently announced the 120+ strong pilot participant roster and a narrowed timeframe — now 2023 — for our industrywide service launch. Next on the horizon is the publication of the ISO 20022 message specifications for the......
Raisin and N26 Combine to Deliver Top Interest Rates on New Overnight Accounts
Digital Fintech Investment Services Mobile Banking News

Raisin and N26 Combine to Deliver Top Interest Rates on New Overnight Accounts

Fintech News Desk
Despite Germans’ status as the champion savers of Europe, with a current total deposits volume in Germany of over 2.5 trillion euros, Germany has not been able to cure its low interest rate headache. According to current data from the European Central Bank, the average interest rate in Germany for......
WEX’s Health Division Strengthens Position as Industry Leader
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WEX’s Health Division Strengthens Position as Industry Leader

Fintech News Desk
WEX, a leading financial technology service provider, further solidified its leadership position in 2020 in terms of growth and services across its Health division. Read More: A Few of the ”Hottest” UK Fintech Startups! “Our shared mission of simplifying benefits for everyone is fueled by our ongoing commitment to investing in......
Sterling National Bank Collaborates with Google Pay to Expand Digital Banking Capabilities
Banking Business Digital Fintech News

Sterling National Bank Collaborates with Google Pay to Expand Digital Banking Capabilities

Fintech News Desk
Collaboration creates an innovative banking solution and broadens access to a large market of consumers seeking a complete digital solution Sterling National Bank, the wholly-owned operating bank subsidiary of Sterling Bancorp, today announced that it is working with Google to offer digital checking and savings accounts through the Google Pay......
Financial Institutions Should Focus On Meeting Sustainability Goals, Say Quarter Of Brits
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Financial Institutions Should Focus On Meeting Sustainability Goals, Say Quarter Of Brits

Fintech News Desk
New YouGov research shows how COVID-19 has significantly impacted consumers’ financial behaviours and priorities and will likely continue into 2021. Read More:  Hacking Insurance to be 10x Faster Almost two fifths of Britons say they’ve actively reduced their non-essential expenses (37%), and six in ten plan to carry on limiting their......
Fronted Becomes Second Fintech to Launch on Yobota’s Core Banking Platform
Banking Digital Fintech News

Fronted Becomes Second Fintech to Launch on Yobota’s Core Banking Platform

Fintech News Desk
Rental deposit fintech Fronted has launched this month, becoming the second company to be powered by Yobota’s core banking platform. Founded in 2016, London-based technology firm Yobota has built a fast, flexible, cloud-native core banking platform that allows clients to create and run innovative financial products. Read More: Willis Towers......
NTT DATA Global Study Finds Nearly 50% of Customers Want Financial Institutions to Act as a Conscientious Advisor on Major Spending Decisions
Artificial Intelligence Business Fintech News

NTT DATA Global Study Finds Nearly 50% of Customers Want Financial Institutions to Act as a Conscientious Advisor on Major Spending Decisions

Fintech News Desk
Customers want hyper-individualized financial services. They’re even willing to share personal data and pay more as a tradeoff. According to research findings released today by NTT DATA, there is ample opportunity for financial institutions to harness the power of AI to build more meaningful connections and experiences with customers — vastly......
JPMorgan Chase Announces Initiatives to Support Minority-Owned and Diverse-Led Financial Institutions
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JPMorgan Chase Announces Initiatives to Support Minority-Owned and Diverse-Led Financial Institutions

Fintech News Desk
JPMorgan Chase today announced initiatives to further support Minority Depository Institutions (MDIs) and diverse-led Community Development Financial Institutions (CDFIs), as part of the firm’s recently announced $30 billion commitment to advancing racial equity. MDIs and CDFIs provide vital financial services in communities that are often underserved. In order to provide this necessary funding......
Vantik and Mastercard Simplify Saving For Retirement With New Debit Card
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Vantik and Mastercard Simplify Saving For Retirement With New Debit Card

Fintech News Desk
Financial security in retirement is one of the most urgent issues in Germany and Europe. In order to offer people a simple access to savings for retirement, the Berlin-based Fintech Vantik announces a partnership with Mastercard and the banking-as-a-service-platform Vodeno. The heart of the cooperation is the combination of a......
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