Tag : Banking as a Service

Marqeta Adds Evolve Bank & Trust as Bank Partner to Expand Program Management Capabilities
Banking News

Marqeta Adds Evolve Bank & Trust as Bank Partner to Expand Program Management Capabilities

Fintech News Desk
With Evolve’s Unique Banking-as-a-Service Solutions, Marqeta Diversifies its Offering, Increasing Flexibility and Speed for Customers Marqeta, the global modern card issuing platform, announced the addition of Evolve Bank & Trust as a new bank partner to offer additional solutions for customers that take advantage of Marqeta’s full program management capabilities.......
Unit Announces $100 Million Series C Led by Insight Partners, Valuing the Company at $1.2 Billion
Banking News

Unit Announces $100 Million Series C Led by Insight Partners, Valuing the Company at $1.2 Billion

Fintech News Desk
Unit, the first banking-as-a-service platform to achieve unicorn status, announces its expansion into credit products Unit, the leading banking-as-a-service platform that empowers companies to embed financial services in their products, announced it has raised a $100 million in a Series C round led by global software investor Insight Partners, with participation......
More Banking Executives View Fintechs as Partners in Economist Impact Report on Digital Competition in Global Finance Commissioned by WSO2
Banking Digital Fintech News

More Banking Executives View Fintechs as Partners in Economist Impact Report on Digital Competition in Global Finance Commissioned by WSO2

Fintech News Desk
As nearly half of banking executives report serving customers via digital channels to a large or great extent, signs point to increasing recognition of fintechs as partners In a global survey of 300 C-suite banking industry executives, 54% say their financial institutions have faced greater competition over the past three......
Dock Raises $110 Million, Bringing Total Valuation to Over $1.5 Billion
Banking News

Dock Raises $110 Million, Bringing Total Valuation to Over $1.5 Billion

Fintech News Desk
Funding Round Led by Lightrock and Silver Lake Waterman, Followed by Current Investors Riverwood Capital, Viking Global Investors and Sunley House Capital Dock, a leading full-stack payments and digital banking platform across Latin America, announced today that it has raised $110 million in growth funding led by Lightrock and Silver......
Where is European Payments Initiative (EPI) Heading in 2022?
Banking Markets Mobile Banking News

Where is European Payments Initiative (EPI) Heading in 2022?

Sudipto Ghosh
European Payments Initiative Size-Down: Reasons Behind Half Member Banks’ Opt-Out and New Strategic Goals Initially backed by 31 major Eurozone banks, the EPI has abandoned its agenda of creating a pan-European payments scheme, rivaling global payments processors. Having 20 banks opt-out, the remaining institutions are expected to shift focus to......
Sutton Bank and Bankers Helping Bankers Launch BaaS Association
Banking News

Sutton Bank and Bankers Helping Bankers Launch BaaS Association

Fintech News Desk
Sutton Bank and Bankers Helping Bankers (BHB) are pleased to announce the creation of the BHB Banking-as-a-Service (BaaS) Association, aimed at serving the unique needs of BaaS Sponsor banks. Sutton Bank, Attica, OH is proud to be one of the founding, charter members of the Association. According to Robert Keil,......
Evolve Bank & Trust and Bond Partner to Offer Banking-as-a-Service Solutions
Finance News

Evolve Bank & Trust and Bond Partner to Offer Banking-as-a-Service Solutions

Fintech News Desk
Together, the partnership will enable companies to add financial services with a single integration Evolve Bank & Trust and Bond Financial Technologies, Inc. are pushing the boundaries of embedded finance to bring innovation to companies that want to offer financial products to their customers. Together, Evolve and Bond enable entrepreneurs to build......
Old Second National Bank Expands Collaboration with Jack Henry
Banking Digital News

Old Second National Bank Expands Collaboration with Jack Henry

Fintech News Desk
Expanded relationship will deliver greater efficiencies, new digital capabilities, and stronger connections Jack Henry & Associates, Inc. announced that Old Second National Bank has expanded its collaboration with Jack Henry to support the bank’s digital and growth strategy. Among the largest locally headquartered banks in the Chicago area, Old Second benefited from a seven-year modernization......
Latina-founded BaaS Provider NovoPayment Raises $19 Million Series A
Banking News

Latina-founded Banking-as-a-Service Provider NovoPayment Raises $19 Million Series A

Fintech News Desk
Building on LatAm market success, Miami-based fintech pioneer to boost expansion in the US NovoPayment announced it has secured $19 million in Series A financing, led by Fuel Venture Capital and IDC Ventures, to further scale NovoPayment’s Banking-as-a-Service (BaaS) platform in existing markets and the US. NovoPayment offers a full-stack, multi-country, and multi-currency API cloud-based platform that powers......
MainStreet Bancshares, Inc. Reports Robust Loan and Net Income Growth
Banking News

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

Fintech News Desk
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......
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