Tag: Banking

Mobile banking company Varo Money has received approval from the Federal Deposit Insurance Corporation (FDIC) for deposit insurance, as it moves closer to a national banking charter.

Tide, the UK banking platform targeting small- and medium-sized businesses, have launched a new expense management tool.

Banking API developer Openlegacy has received a $20m investment from Japan-based SBI Holdings.

Banking API platform Griffin has reportedly raised ?3m in a seed round as it looks to finish building its platform.

Finnish digital banking platform for small and medium-sized enterprises Holvi has reportedly released its services in the UK.

Yotta Savings, a mobile app where saving money gives people the chance of winning $10m, has reportedly closed a funding round on $3.3m.

Having already tapped nCino and Mambu to build its technological banking backbone, B-North has now signed another partnership.

Despite nearly all commercial banks using AI, only 19% are using the technology holistically across the enterprise, according to a study from Genpact.

Plum, an AI-powered personal finance management chatbot, has scored $3m in funding to support European expansion.

While technology and data advances will enable banks to offer hyper-personalized and automated services, they will need to find balance between innovation and risk management, HSBC report claims.