Tag : Banking as a Service

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
by Fintech News Desk0
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
by Sudipto Ghosh0
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
by Fintech News Desk0
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
by Fintech News Desk0
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
by Fintech News Desk0
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
by Fintech News Desk0
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 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......
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