Singapore’s GXS Bank launches with savings product for the underbanked
GXS wants to address the pain points of the two in five Singapore residents who are currently underbanked.
GXS wants to address the pain points of the two in five Singapore residents who are currently underbanked.
Trust Bank’s shareholders have invested $285 million in the new challenger.
Our weekly fintech round-up for you to get the latest funding news from around the world.
A fintech funding round-up featuring three start-ups from Europe.
A handy round-up of the recent funding endeavours of fintech companies across Africa.
Kelly joined Bank of Ireland in 2007 and was appointed chief executive of its Retail Ireland division four years ago.
The offloading of 63,072,652 shares will raise approximately £538 million, Barclays says.
Lenhard has 20 years’ experience in the payments space.
The APPG says reforms in the sector could support the government’s levelling-up agenda.
The firm will look to utilise LexisNexis’ RiskNarrative platform.
The central bank says the step will lead to the development of the fintech sector and enhance financial inclusion.
The firm’s stake in the UK challenger bank is approximately 10%.
Lightnet aims to “improve the lives of the unbanked and underbanked populations throughout Asia Pacific”.
The capital facility will enable the bank to lend an additional £250m to British agriculture firms through to 2023.
Surecomp’s DOKA and allNETT solutions will support the ongoing growth and digitisation plans at BIDV.
Haythornthwaite currently chairs Ocado and the AA and previously chaired energy firm Centrica.
Shorthose takes over from co-founder Georg Ludviksson, who remains a shareholder of the company.
Most recently, Steele served as president of Temenos, North America.
Lee has more than 26 years’ worth of technology experience in fintechs and large corporations.
Tan previously joined Y Combinator as a partner back in 2010 before leaving in 2015.
The firm leverages blockchain technology to calculate credit scores.
EarlySalary will use the new funds to expand into new markets and increase its loan book.
The challenge has a top cash prize worth $50,000 and is open to early- and late-stage fintech start-ups.
Myers will head up the US firm’s banking business, handling sales and solutions delivery.
The founders and employees of both companies will be joining Huspy.
Jenius Bank will initially offer personal loans before expanding with savings and checking products.
The new equity will be put towards launching new products and scaling its team.
The firm will be laying off most of its workforce on 9 September 2022.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Afterpay says customers will not have access to their Money accounts from 10 October 2022.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Finexos has raised £695,000 and Wombat has raised £4.2 million.
Latin American fintech start-ups Belvo and Rebill are among the lucky recipients of new funds.
The latest recipients of funding in the US fintech space.
The RBI imposed restrictions on the US card issuer in May 2021, denying it the ability to onboard new customers.
Viamo provides peer-to-peer (P2P) and business payment services in Slovakia.
UK-based Fana is now preparing to launch a seed funding round.
Moneyhub’s open banking PIS technology allows savers to add money to accounts from day one.
The Binance Card will convert crypto to fiat currency in real time at the point of purchase.
SCSB will adopt Temenos’ core banking, payments and data lake solutions.