Banking Infrastructure

Karat Financial, startup that offers credit cards specifically tailored to digital creators, raised $26m in a Series A round.

Kikoff launches out of stealth with $42.5m total funding to help consumers build or rebuild credit and boost the expansion of a complete financial ecosystem for Millennials and GenZ.

Client lifecycle management solution developer Wealth Dynamix has joined the latest accelerator cohort of the Mayor’s International Business Programme.

A report published by Temenos has found that 65% of global banking executives believe branch-based banking will be ‘dead’ within a five-year period.

Italian digital bank Bari Bank has introduced a debit and credit card supplied with pre-set funds for children and teenagers.

UK banking platform Tide kickstarted its international expansion strategy in India with a commitment to invest £100m and create 1000 jobs over the next five years.

As dangers associated with climate change continue to become more inescapable in the lives of companies and individuals alike, the importance and need for ESG – Environmental, Social and Governance – in the financial sector is growing stronger. Is it time for globally mandated ESG reporting in the financial sector?

A survey by FinTech giant Finastra has found banking-as-a-service (BaaS) is set to make a substantial impact on financial services over the next 12 months.

The Euro Banking Association’s (EBA) Open Banking Working Group has published a report that explores an operating model for banks on their way to digital readiness.

Hong Kong virtual bank Mox has partnered with Mastercard to introduce a new tool that allows Mox users to flip between spending on an all-in-one debit and credit card.