Tag: banking-as-a-service

As we delve into the initial months of 2024, the wealth management sector stands at the cusp of transformation, propelled by technological advancements and a challenging economic landscape.

Zūm Rails, a Montreal-based company at the forefront of integrating open banking with instant payments, has successfully concluded its Series A funding round, securing $10.5m CAD.

OpenPayd, a pioneering global payments and Banking-as-a-Service (BaaS) platform, has entered into a strategic partnership with TrueLayer, Europe's premier open banking payment network. This collaboration aims to bolster OpenPayd's instant payment solutions across the UK and Europe, enhancing the payment experience for their global clientele.

BankProv, a commercial bank providing technology-driven financial solutions, has announced a leadership shake-up to bolster the firm's business development efforts.

Pathward and TabaPay have announced the expansion of their partnership, designed to enable faster money movement solutions for their customers. 

Mbanq has announced its growth milestones with new client platform launches, revenue growth, three new office locations, workforce expansion, and a strategic shift that has seen it strengthen its ‘as-a-service’ portfolio.

Solaris, a prominent figure in the German FinTech sector, is experiencing hurdles as it tries to garner the necessary funding, casting shadows over its capability to fulfil a pivotal credit card agreement for ADAC, Europe’s leading motorists association. This situation hints at emerging challenges in the European FinTech domain.

Embedded financial services are increasingly becoming the preferred choice for European consumers. The prime reason for this preference is the easier access to these services when compared to traditional banking institutions.

It has been announced that Neem, an innovative Pakistani FinTech startup, has entered into a strategic partnership with DNI Group.

Griffin, a BaaS platform from the UK, has recently successfully raised $13.5 million in its Series A fundraising event.