Tag : Banking as a Service

MainStreet Bancshares, Inc. Reports Strong Net Income as Interest Rates Rise
Banking News

MainStreet Bancshares, Inc. Reports Robust Loan and Net Income Growth

Fintech News Desk
by Fintech News Desk0
MainStreet Bancshares, Inc., the holding company for MainStreet Bank, reported robust net income for the first quarter of 2022, said it is positioned favorably for rising interest rates, and previewed business developments at its Avenu Banking-as-a-Service (BaaS) subsidiary. Net income totaled $5.4 million for three months ended March 31, 2022. Net interest income......
Finastra Collaborates With Microsoft to Bring Embedded Financing Options to Thousands of Businesses With BaaS
Banking News

Finastra Collaborates With Microsoft to Bring Embedded Financing Options to Thousands of Businesses With BaaS

Fintech News Desk
by Fintech News Desk0
Small and medium enterprises will be able to access vital funding options faster, from within Microsoft Dynamics 365 Finastra announced a Banking as a Service (BaaS) collaboration with Microsoft to bring new lending options to thousands of Small and Medium Enterprises (SMEs) – a sector severely underserved when it comes to......
Midland States Bancorp Expands Banking-as-a-Service Initiative with Synctera Partnership
Banking News

Midland States Bancorp Expands Banking-as-a-Service Initiative with Synctera Partnership

Fintech News Desk
by Fintech News Desk0
Midland States Bancorp, Inc. announced a new partnership with Synctera, who provides consulting and a technology platform that connects banks with fintech partners. Midland expects to use its partnership with Synctera to focus primarily on developing fintech partnerships that will contribute low-cost deposits and increase the number of customers using......
BankProv Partners with Synctera to Create Card Program in Support of Banking-as-a-Service Model
Banking Fintech News

BankProv Partners with Synctera to Create Card Program in Support of Banking-as-a-Service Model

Fintech News Desk
by Fintech News Desk0
 The partnership will help expand BankProv’s BaaS offerings to clients nationwide through Synctera’s innovative FinTech integrations BankProv, subsidiary of Provident Bancorp, Inc., a future-ready commercial bank that offers adaptive and technology-first banking solutions to emerging industries, is partnering with Synctera, a leading FinTech banking provider helping innovators build their own......
NATECH SA and Neptune International AG Enter Into a Strategic Venture With Piraeus Bank
Banking News

NATECH SA and Neptune International AG Enter Into a Strategic Venture With Piraeus Bank

Fintech News Desk
by Fintech News Desk0
NATECH S.A. and its partner Neptune International AG announce a strategic joint venture with Piraeus Bank to create an innovative, independent BankTech, focusing on consumer financial services. The new BankTech, combining leading technological and banking expertise, will provide Banking-as-a-Service, Buy-Now-Pay-Later and other Consumer Financial products purely on a digital and agile manner. Latest......
New Survey: Despite 32% Of the US Population Now Holding Digital Assets, 65% Of US Banks and Payment Providers Do Not Have the Infrastructure to Support the Utility of Cryptocurrency
Cryptocurrency News

Despite 32% Of the US Population Now Holding Digital Assets, 65% Of US Banks Do Not Have the Infrastructure to Support the Utility of Cryptocurrency

Fintech News Desk
by Fintech News Desk0
New research by global cryptocurrency payments company Mercuryo has revealed that over 32% of the US population now own cryptocurrency, with a further 34% expecting to hold it in the next five years. However, the research has also revealed a stark gap in the necessary infrastructure required for mass cryptocurrency......
Sustainable Fintech CarbonPay Launches Prepaid Business Payment Card
Digital Payments News

Sustainable Fintech CarbonPay Launches Prepaid Business Payment Card

Fintech News Desk
by Fintech News Desk0
Startup CarbonPay, selected as a participant of Visa’s Fintech Fast Track Program, is bringing innovation and sustainable offerings to the payments space CarbonPay, a sustainable fintech platform that offers the planet’s most impactful payment cards and makes everyday climate action simpler, announced the launch of its corporate prepaid offering, CarbonPay......
Gupshup Acquires Active.Ai, the Leading Conversational AI Platform for Banks and Fintech Companies
Banking News

Gupshup Acquires Active.Ai, the Leading Conversational AI Platform for Banks and Fintech Companies

Fintech News Desk
by Fintech News Desk0
Acquisition Brings Advanced, AI powered Omnichannel Conversational Engagement Solutions to BFSI Organizations Gupshup, a global leader in conversational engagement, announced the acquisition of Active.Ai, the leading Conversational AI platform used by banks and Fintech firms. The acquisition strengthens Gupshup’s customer experience (CX) solutions for BFSI customers. Headquartered in Singapore, Active.Ai......
MetaBank Announces Name Change to Pathward
Banking News

MetaBank Announces Name Change to Pathward

Fintech News Desk
by Fintech News Desk0
The Pathward name represents the company’s commitment to helping individuals and small and medium sized businesses access financial services that promote economic mobility MetaBank, N.A., an industry leading financial empowerment company, announced it is changing its name to Pathward, N.A. To unite the company under a single identity following a......
Banking As A Service Gains Unstoppable Momentum, Finastra Research Shows
Banking Finance News

Banking As A Service Gains Unstoppable Momentum, Finastra Research Shows

Fintech News Desk
by Fintech News Desk0
Finastra published a market assessment report: ‘Banking as a Service: Outlook 2022 | Paving the way for Embedded Finance’. The research canvassed the opinions of 1,600 senior industry executives, exploring the opportunities presented by Banking as a Service (BaaS) – to provide retail or wholesale banking products and services to customers in......
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