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banking license
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1.3KB2B PaymentsB2B Neobank Qonto Gets $115M In Series C Round
Qonto, a French startup Neobank that caters to B2B clients, has raised $115 million in a Series C funding round led by...
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3.1KInternationalGoldman Gets Green Light To Operate Bank In South Africa
As Goldman Sachs seeks further expansion in the South African economy, the financial services company joined the Johannesburg Stock Exchange’s interest-rate and...
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3.9KB2B PaymentsUK SMB Lending Challenger B-North Raises $2.6M
U.K. startup B-North has raised £2 million (€2.34 million or $2.6 million USD) from existing and new investors through equity crowdfunding platforms Crowdcube and...
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2.9KDigital BankingSouth Korea FinTech Gets Initial Approval For Online Bank
South Korean FinTech startup Viva Republica, creator of the financial services platform Toss, was granted preliminary approval for a digital banking license...
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2.9KInvestmentsZopa P2P Lender To Land 12th-Hour Investment To Become Bank
Peer-to-peer (P2P) lender Zopa will secure a £130 million ($1.67 million USD) investment that it needs to become a challenger bank. The...
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2.6KDigital BankingNeobank Northmill Gets Swedish Banking License
The FinTech Northmill, which offers cloud-based financial services, was awarded a banking license from the Swedish Financial Supervisory Authority (SFSA) on Friday...
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3.4KDigital BankingDigital Banking, With Millennial, Mobile – And Governmental – Tailwinds
Kill the check. Shutter the branch. Make that leather wallet a mobile one, wielded on smartphones. The push toward digital banking seems an inexorable...
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4.2KInvestmentsNigerian FinTech Kuda Raises $1.6M For Digital Banking Tech
Kuda, Nigeria’s first digital-only bank with a standalone license, has raised $1.6 million in pre-seed funding led by Haresh Aswani, as reported...
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4.3KB2B PaymentsBanking/FinTech Collaboration Grows In China
In China, digital financial services gain ground among collaborative efforts between tech-savvy upstarts and traditional players. Elsewhere, Monetary Authority of Singapore is...
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7.4KDigital BankingDeep Dive: How Challenger Banks Navigate Licensing Obstacles
Many challenger banks pursue charters to establish themselves as trustworthy institutions and compete directly with legacy FIs. Yet, pursuing charters can be...
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9.9KDigital BankingDigital Challengers Are Closing Argentina’s Banking Gap
Challengers. Neobanks. Upstart institutions. Alternative banks. These newcomers to the financial services landscape go by many names, and have gained popularity, especially...
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4.7KInternationalProspect Of ‘No Deal’ Brexit Has FinTechs Scrambling
Deal or no deal? No, not the game show, because in the case of “no deal,” it seems like no one wins....
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6.8KData DiveData Dive: Pair-Ups, Tie-Ups And Rollouts
Today marks Day 30 of the government shutdown, leading to consequences both complex and serious; and Twitter feuds that can only be described as surreal. The government wasn’t...
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4.8KDigital BankingFinTechs Want Access To Fed’s Payment Systems, Settlement Services
At a time when the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. are looking at giving...
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11.0KB2B PaymentsRussian Central Bank Ends FX Competition
The Central Bank of the Russian Federation (CBR) announced that it has revoked the licenses of five Russian foreign exchange (FX) trading...
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4.8KB2B Paymentsgpi Makes SWIFT Cross-Border Gains
SWIFT has noted that gpi payments make up more than half of its cross-border traffic. The Fed sees marquee tech names pushing...
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5.0KB2B PaymentsKenya Gets Ready To Unveil Sandbox Policy
Kenyan financial authorities are on the cusp of unveiling a FinTech sandbox that will initially focus on robo-advisors and consider blockchain. Across Europe,...
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4.7KB2B PaymentsJudo Capital Taps VERMEG For Reporting Compliance
Australian challenger bank Judo Capital has chosen VERMEG, a leading banking and insurance software solution company, to meet its Australian Prudential Regulation Authority...
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6.0KBankingRevolut Gets Banking License By European Central Bank
Revolut, the U.K. digital bank, announced Thursday (Dec. 13) that it received approval for a banking license in Europe by the European...
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4.3KBankingFCA Awards P2P Lender Zopa First UK Banking License
British peer-to-peer lender Zopa announced that it has been awarded a U.K. banking license, with restrictions, from the Financial Conduct Authority (FCA)....
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4.4KB2B PaymentsCivilisedBank Ready To Reapply For Banking License
U.K. challenger bank CivilisedBank forfeited its banking license earlier this year with plans to shift its focus to underlying infrastructure and technology....
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3.1KBrexitUK’s Request To Expand Market Access After Brexit Isn’t Likely In Near Term
The U.K.’s request for the European Union to expand its financial market access after Brexit isn’t going to be met in the near future....
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5.3KInternationalSwiss FINMA Plans AML FinTech Rule Revisions
Swiss financial regulator FINMA is planning to soften anti-money laundering rules for smaller FinTech firms in an attempt to help the country...
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16.8KBankingGrasshopper Gearing Up To Launch Challenger Bank In New York
Grasshopper, a new bank challenger in New York, is gearing up to go after the banking industry, reported FinTech Futures. According to...
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4.9KGlobal PaymentsAccenture Unveils FinTech Lab Startups, Billon Teams Up With FIS
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Accenture’s FinTech Innovation Lab Asia-Pacific. In addition, Europe’s Billon...
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2.7KBankingStartup Holds Equity Crowdsale For Banking License
Blockchain-based challenger bank BABB — which stands for Bank Account-Based Blockchain — announced it will be holding an equity crowdsale to cover the costs...
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6.3KBankingStock-Trading Platform Robinhood Eyes Banking Services
Sources say Robinhood Markets is in talks with regulators about offering banking services to its more than 4 million users. According to...
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6.3KBankingRevolut Plans To Apply For Banking License In The US
After applying for a banking license in Europe, Revolut plans to apply for one in United States in the near future. Chief...
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5.6KInternationalWatchdog Eyes Brazil’s Credit Card Industry On Nubank Complaint
In Brazil, the antitrust watchdog, Cade, is looking into the credit card industry, with an eye on possible anticompetitive practices. The investigation...
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4.2KLoansVolkswagen Applies For UK Banking License
German car manufacturer Volkswagen (VW) has confirmed it is in the process of applying for a U.K. banking license that will enable it...
