Stockholm-based Northmill Bank has pulled in 250 million in Swedish krona (about $30 million). The financial technology company (FinTech) said in a press release that “the new capital will be used for continued geographical expansion and to accelerate the development of new products.” Get the...
Going global isn’t as easy as setting up an eCommerce site and waiting for the orders to come in. It requires compliant and complex banking relationships. As Monneo Managing Director Lilia Metodieva told PYMNTS, virtual IBANs can facilitate the secure global movement of money.
It’s hard to find an executive in the financial service and commerce business who isn’t convinced that the digital-first economy is here to stay. But what isn’t so clear as the new year rolls out is that the digital-first economy has become the main competitive...
There’s arguably no more important issue for financial service companies than customer acquisition. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....
In today’s top news in digital-first banking, Cashplus received an unrestricted banking license from the Prudential Regulation Authority, while GajiGesa Indonesia has notched $2.5 million in a seed round. Plus, Stash is closing a $125 million Series G Eldridge-led funding round. Get the Full Story...
In today’s top news in digital-first banking, PSCU company CU Recovery & The Loan Service Center grew its relationship with Advia Credit Union, while MoneyGram and Visa are collaborating to introduce a peer-to-peer (P2P) payment offering to people in Vietnam. Plus, Virgin Money has added...
PYMNTS recently reported Federal Trade Commission (FTC) figures finding, “More than 200,000 Americans were scammed out of $145 million relating to the pandemic since the beginning of 2020.” It’s one of many such warning to come from FinCEN and other financial watchdogs as the digital-first...
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...
Digital-first banks are used to fending off external threats like data breaches and botnet attacks, but their cybersecurity measures can fall short of protecting against internal threats like phishing schemes. In the Digital-First Banking Tracker, Bala Nibhanupudi, chief technical officer at First Bank, discusses why...
