PYMNTS

MARCH 19, 2020

The Federal Deposit Insurance Corporation ( FDIC ) gave the green light to an application from the FinTech firm Square to create a de novo industrial bank in Utah, the agency said on Wednesday (March 18). We’re now focused on the work ahead to build out Square Financial Services and open our bank to small business customers.”.

Banking 110

Banking Financial Systems Finance Sales 110

PYMNTS

JUNE 24, 2019

Among this community is Novo , a mobile-first bank connecting entrepreneurs with bank account and debit card services. “The majority of our customers are using ACH,” he told PYMNTS in a recent interview. The embrace of APIs has also introduced a shift in banks’ customer acquisition and product strategies.

Banking 74

Banking Reconciliations B2B Accounting 74

PYMNTS

JULY 6, 2020

That deal followed on the heels of moneycorp’s acquisition of Novo Mundo, a Brazilian foreign exchange company, and its more recent approval from the Central Bank of Ireland for an electronic money license, which should help the UK-based company continue to do business in the European Union post Brexit.

Currencies 79

Currencies Foreign Exchange Risk Management Treasury 79

PYMNTS

AUGUST 5, 2019

This is moneycorp’s second major acquisition this year after it picked up the Brazilian online marketplace Novo Mundo. Providing customers with mobile, telephone and online payment capabilities on a multi-currency platform, moneycorp also enables them to exchange money through 120 currencies.

Treasury 43

Treasury Risk Management Currencies CFO 43

PYMNTS

JUNE 13, 2017

Which means it really doesn’t come as all that huge a surprise that as of June 6th, SoFi had applied for a new (de novo) bank charter according to the FDIC. Instead, SoFi as a bank will exist so it can “provide its customers an FDIC insured NOW account and a credit card product. SoFi has confirmed the news.

Banking 40

Banking Startups Accounting Investments 40

PYMNTS

APRIL 5, 2017

In the largest deal of the week, Lone Star Funds acquired Novo Banco for a bit more than $1 billion and making Europe the region from where the bulk of the money flowed in deal making. On average, Akeneo’s customers see a productivity gain of 50 to 70 percent within the first three months.

Startups 40

Startups eCommerce Communication Investments 40

PYMNTS

JULY 30, 2018

It also logged that much of what these firms do in terms of tracking data is actually predicated on the perfectly sound goal of providing better customer service across the board. ” This wholly de novo legal term would require firms to protect consumer data and not utilize it for their own benefit or for the benefit of third parties.

Construction 40

Construction Advertising Education Technology 40