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

Today in FinTech: PiggyVest Earns Nigerians’ Trust With High Interest Rates

Today in FinTech: PiggyVest Earns Nigerians’ Trust With High Interest Rates
Today in FinTech: PiggyVest Earns Nigerians’ Trust With High Interest Rates
February 24, 2022  |  Digital Banking

In today’s FinTech news, PiggyVest brings a new type of digital savings and investing to Nigerians, while the underbanked in Pakistan get a new option...

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Series C Brings $100M to Indian Neobank Niyo
Series C Brings $100M to Indian Neobank Niyo
February 24, 2022  |  Investments

Indian consumer neobank Niyo has raised $100 million in a Series C round, the company announced in a news release Thursday (Feb. 24). Get the...

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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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