Digital Banking

Digital banking is part of the broader context for the move to online banking, where banking services are delivered over the internet. The shift from traditional to digital banking has been gradual and remains ongoing, and is constituted by differing degrees of banking service digitization.

Source: en.wikipedia.org

FinTech NayaPay Lands $13M Seed to Grow Platform for Pakistan’s Underbanked

FinTech NayaPay Lands $13M Seed to Grow Platform for Pakistan’s Underbanked
FinTech NayaPay Lands $13M Seed to Grow Platform for Pakistan’s Underbanked
February 24, 2022  |  Investments

In one of the biggest seed funding rounds in South Asia, Fintech NayaPay secured $13 million to grow its two-sided digital banking platform to serve...

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Hong Kong’s Virtual Banks Woo Customers With Cash Prizes, Numberless Credit Cards
Hong Kong’s Virtual Banks Woo Customers With Cash Prizes, Numberless Credit Cards
February 23, 2022  |  Digital Banking

Several virtual banks have been gaining advantage in Hong Kong by luring consumers to leave brick-and-mortar lenders, The Wall Street Journal reported Wednesday (Feb. 23)....

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Banking App Nerve Broadens Reach Across Creator Economy With Embedded Banking
Banking App Nerve Broadens Reach Across Creator Economy With Embedded Banking
February 23, 2022  |  API

Banking app Nerve on Wednesday (Feb. 23) unveiled public application programming interfaces (APIs) that will broaden its reach beyond music creators to the entire creator...

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Berlin FinTech Forget Finance Raises 3.5M Euros
Berlin FinTech Forget Finance Raises 3.5M Euros
February 23, 2022  |  Investments

Berlin personal finance FinTech Forget Finance raised 3.5 million euros ($3.96 million) in seed funding led by venture capital firms btov Partners and UVC Partners,...

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German Virtual Bank Penta Aims for $500M Valuation
German Virtual Bank Penta Aims for $500M Valuation
February 23, 2022  |  Investments

German digital business banking platform Penta is speaking with potential investors as it seeks a valuation of between $453 million and $567 million (400 million...

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Security, Trust Key to Consumer Adoption of Open Banking
Security, Trust Key to Consumer Adoption of Open Banking
February 23, 2022  |  Digital-First Banking

Americans have opened new accounts, taken out additional loans and carried balances in the past year, and many showed preferences for managing all of this...

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24% of Consumers Don’t Trust Digital Account Opening Tech
24% of Consumers Don’t Trust Digital Account Opening Tech
February 22, 2022  |  Consumer Finance

Fifty-nine percent of consumers have opened new financial accounts in the past year, according to Account Opening And Loan Servicing In The Digital Environment, a...

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Digital Banking Leaves Teller Deposits in the Distance
Digital Banking Leaves Teller Deposits in the Distance
February 22, 2022  |  Banking

Banking, without a backward glance, is leaving the branch behind. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

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SoFi Pays $1.1B For Banking Software Firm Technisys
SoFi Pays $1.1B For Banking Software Firm Technisys
February 22, 2022  |  Acquisitions

SoFi Technologies will pay roughly $1.1 billion for banking-software company Technisys, part of a series of deals by the personal finance firm to bolster its...

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