Search Results for: traditional banking
Zenus Bank Becomes Visa Principal Member
Soon-to-launch Zenus Bank will utilize Visa’s scale and global acceptance to issue debit cards for its clients. Zenus Bank, the American digital bank is announcing it is the first International Financial Entity to become a Principal Member of Visa, the world’s leader in digital payments. Read More: M Financial Group......
Ternio Closes Oversubscribed Round on Republic
The global fintech platform Ternio has finished its first equity crowdfunding campaign this month. Ternio successfully raised $1.07 million from 3,890 investors while hosting its campaign on Republic.co. The valuation cap was set at $15 million with a minimum investment of $100. After closing the sold-out round on June 13, 2020, many investors were forced to join the waiting list.......
Galileo Instant Takes Aim at Growing 1099 Payment Landscape
Galileo announced the full launch of Galileo Instant, a frictionless solution for gig-economy, marketplace, ecommerce, fintech and other businesses that want the speed and convenience of creating debit cards through a single point of contact—Galileo. Using Instant, qualified businesses can launch their debit card programs as early as 14 days—start......
Metova Chosen by MyBambu to Develop Industry-First Mobile FinTech Solution for Underbanked Consumers
Metova, a leading provider of mobile, web, connected home and car, and IoT (Internet of Things) solutions, fueled by emerging technologies including machine learning, mixed reality, and blockchain, announced the successful completion of MyBambu’s FinTech application – the first mobile FinTech solution for underbanked consumers. MyBambu chose Metova as a strategic......
Despite External Industry Threats, Few Wealth Managers Plan to Change Their Business Models, Accenture-Orbium Report Finds
Despite growing external threats to wealth managers’ businesses, including losses from intergenerational wealth transfers, nearly four in five wealth managers (78%) in Europe and Asia don’t plan significant changes to their traditional business models, according to a new report from Accenture and Orbium, part of Accenture Wealth Management. Read More:......
Current Sees Record Growth as it Surpasses One Million Members; Raises Additional Funding
Surge in essential workforce bolsters growth for the mobile bank; drives record new accounts and anticipates doubling total accounts by end of 2020 Current, a leading challenger bank serving Americans overlooked by traditional banks, announced it has surpassed one million members after record months of growth and has added new......
A Few Interesting Reads on Finance and FinTech
In view of the current Covid-19 pandemic, FinTech firms are enhancing their traditional methods and trying to adapt to modern needs by innovating in different segments, be it payments, digital banking, machine learning, gamification, and more. The importance of saving money or investing money has never felt more important, not......