The Future Of Banking’s Post

Marcel’s Weekly Digital Banking Newsletter | 2024 #41 Weekly Digital Banking news up to Monday, 7th of October 2024. HEADLINES/Featuring: Banco Sabadell, Maybank, ClearBank, Chase, Bank of England, Nationwide Building Society, Virgin Money, HSBC, Starling Bank, Revolut, ZEN.COM, And more! #banking #openbanking #openfinance #banks #bankingindustry #neobank #digitalbank #mobilebanking #bankingapp #digitalbanking  #neobanks #challengerbank #bankingtech #fintechinnovation #venturecapital #financialtechnology #fintech #fintechnews #fintechindustry

TymeBank has reached 10 million customers, less than six years since inception, as the digital-only bank’s small business finance service continues to grow. According to a statement, the bank has disbursed more than $600 million (R12 billion) in funding to over 80 000 small businesses in SA. The acquisition of Retail Capital, a fintech firm that provides funding to small and medium businesses in SA, has been integral to the development of the bank’s SME lending offering, it says. In 2022, TymeBank reached an agreement with Retail Capital and its shareholders to acquire 100% of the fintech SME funder’s shares. The bank says it has also seen almost R7 billion in customer deposits since inception. Karl Westvig, CEO of TymeBank, states: “We’d like to thank our 10 million customers for choosing us. This achievement is a testament to our team's dedication to providing equitable banking that meets the evolving financial needs of South Africans and empowers them to achieve financial freedom.” According to Westvig, the bank broke even in record time, while serving the poorest communities of SA. Source: https://lnkd.in/eXCvyzPr #banking #bankingindustry #bankingtech #fintech #financialtechnology #financialservices 

Marcel’s Weekly Digital Banking Newsletter | 2024 #40 Weekly Digital Banking news up to Monday, 30th of September 2024. HEADLINES/Featuring: Scotiabank, Nova Credit, Citi, Due, bunq, Santander, Mambu, BNP Paribas, HSBC, Qonto, Ualá, Revolut, Temenos, Bahwan CyberTek And more! #banking #openbanking #openfinance #banks #bankingindustry #neobank #digitalbank #mobilebanking #bankingapp #digitalbanking  #neobanks #challengerbank #bankingtech #fintechinnovation #venturecapital #financialtechnology #fintech #fintechnews #fintechindustry

Marcel’s Weekly Digital Banking Newsletter | 2024 #39 Weekly Digital Banking news up to Monday, 23rd of September 2024. HEADLINES/Featuring: Revolut, Zopa Bank, Ecospend, a Trustly Company, Monzo Bank, J.P. Morgan, Metro Bank (UK), Starling Bank, Commerzbank AG, UniCredit, Citi, TransUnion, MoneyLion And more! #banking #openbanking #openfinance #banks #bankingindustry #neobank #digitalbank #mobilebanking #bankingapp #digitalbanking #neobanks #challengerbank #bankingtech #fintechinnovation #venturecapital #financialtechnology #fintech #fintechnews #fintechindustry

Marcel’s Weekly Digital Banking Newsletter | 2024 #38 Weekly Digital Banking news up to Monday, 16th of September 2024. HEADLINES/Featuring: Grasshopper Bank, Revolut, Goldman Sachs, Wells Fargo, bunq, Swift, TrueLayer, Stripe, NatWest, BBVA, MoneyLion, Ualá, Nubank, Judo Bank, Thought Machine And more! #banking #openbanking #openfinance #banks #bankingindustry #neobank #digitalbank #mobilebanking #bankingapp #digitalbanking #neobanks #challengerbank #bankingtech #fintechinnovation #venturecapital #financialtechnology #fintech #fintechnews #fintechindustry

J.P. Morgan expands Morgan Money platform with new treasury and cash management capabilities. This integration aims to streamline liquidity management processes, enhance the management of critical trading and accounting workflows, and provide real-time visibility into cash flow balances. Starting today, Morgan Money and Kyriba customers will have access to these new, integrated features. "It's important that we provide our customers with the best resources available to conduct trades efficiently while providing exceptional client service," said Paul Przybylski, Global Head of Product and Morgan Money, J.P. Morgan Asset Management. "By leveraging technology, we are simplifying the trading process for our clients and we look forward to expanding our capabilities with Kyriba." This new capability is designed to offer customers improved cash visibility and forecasting, delivering a seamless and comprehensive cash management experience. This will enhance operational efficiencies across automated and self-directed cash management, payments, and investments. Source: https://lnkd.in/eGF6bqgf #banking #partner #partnership #bank #openbanking #bankingindustry #bankingtech #fintech #financialtechnology #financialservices

Marcel’s Weekly Digital Banking Newsletter | 2024 #37 Weekly Digital Banking news up to Monday, 9th of September 2024. HEADLINES/Featuring: Ingo Payments, Santander, Nubank, Revolut, Allica Bank, Tuscan Capital Limited, Tide, Griffin, Income Group, BLIK, barq, TymeBank, Wise, OakNorth And more! #banking #openbanking #openfinance #banks #bankingindustry #neobank #digitalbank #mobilebanking #bankingapp #digitalbanking #neobanks #challengerbank #bankingtech #fintechinnovation #venturecapital #financialtechnology #fintech #fintechnews #fintechindustry

Saldo Bank to launch its first credit cards with support from Enfuce. This announcement underscores Enfuce’s commitment to supporting both digital and legacy banks across Europe, including clients such as Kvika Bank, Alisa Bank, Memo Bank, and Indo Bank, in quickly adapting to the ever-changing payment landscape. By providing cutting-edge, scalable, and modular solutions tailored to each client's specific needs, Enfuce empowers banks to reduce implementation costs and focus on business growth and revenue generation. Through this partnership, Saldo Bank has expanded its operations into payment services, with a new VISA credit card programme. Known for its advanced and real-time onboarding and credit scoring, Saldo Bank has incorporated these innovative features into the new credit card. Saldo Bank's credit decisions are made in real time, allowing for fully automated card issuance. Enfuce is delivering over 60,000 custom-built open-loop Visa credit and debit cards, physical and virtual, and tokenised, offering Saldo Bank’s growing Finnish customer base a new streamlined way to use credit directly on card payments. These new cards enable Saldo Bank’s customers, including those using revolving credit and new applicants needing a credit line, to easily manage their finances in one place, eliminating the need for fund transfers between institutions. Source: https://lnkd.in/eRzWN4wN #banking #partner #partnership #bank #openbanking #bankingindustry #bankingtech #fintech #financialtechnology #financialservices

Income Group taps Griffin for savings accounts. This partnership enables Income Group to broaden its service offering by embedding Griffin’s savings account into the IGsend platform. Specialising in secure payments, providing access to growth capital and offering employees salary advances, Income Group allows employers to make payroll payments 24/7 - 365, giving employees immediate access to their earned wages. By embedding Griffin’s savings accounts into IGsend, Income Group is taking a significant step towards fostering a culture of saving among its users. Employees can now set aside a percentage of their salary at the point of receipt, encouraging proactive financial management and wealth creation. Commenting on the significance of this partnership, David Jarvis, co-founder and CEO of Griffin, said: “This collaboration is a clear example of the real-world impact of embedded finance, particularly in driving financial inclusion. By leveraging our platform to integrate savings directly into the employee experience, Income Group is empowering people with the tools they need to start building a secure financial future.” Source: https://lnkd.in/gmFdM9Ne #banking #partner #partnership #bank #openbanking #bankingindustry #bankingtech #fintech #financialtechnology #financialservices

Tide hits one million customer milestone. This includes 650,000 members in the UK, and 350,000 in India, where it launched in December 2022. Tide entered the German market in May, where it has started to roll out its product proposition. More than one in 10 (c.11%) small businesses in the UK use the Tide app. Tide provides a service for small businesses which don’t have their own finance function, such as sole traders and smaller limited companies. Tide offers business accounts and related banking services, including a savings account, but also a comprehensive set of highly usable and connected admin solutions including invoicing, accounting and company formations. In the UK, 75% of Tide’s members are based outside Greater London, with 14% in Northwest England, 10% in the West Midlands, and 11% in Southeast England. These small businesses typically operate in sectors such as e-commerce and construction, while many solopreneurs work as a driver or courier. In India, about 90% of Tide members are in semi-urban and rural areas, with Uttar Pradesh, West Bengal and Madhya Pradesh representing the top three states. Source: https://lnkd.in/gJKg9J_C #banking #bank #openbanking #bankingindustry #bankingtech #fintech #financialtechnology #financialservices