PYMNTS

JANUARY 31, 2021

TD Bank is unifying its teams for commercial, corporate and specialty banking to forge TD Commercial Bank, a new entity, according to a press release. This will help in offering new levels of growth, a better client and colleague experience, and more streamlined procedures, the release stated.

Banking 72

Banking Nonprofit Healthcare Treasury 72

PYMNTS

DECEMBER 9, 2020

IKB Deutsche Industriebank AG , which works in lending and public loans, will work with Hypoport subsidiary and corporate finance platform fundingport on corporate finance improvements, according to a press release. Hypoport is a tech-focused financial service provider. Corporate finance has shifted during the pandemic.

Corporate Finance 76

Corporate Finance Finance Planning Sales 76

PYMNTS

OCTOBER 4, 2019

FinTechs in Europe have been experiencing a rise in value as many investors look for alternatives to run-of-the-mill, brick-and-mortar banks. Digital banks are generally seen as more attractive, as they are no longer struggling to find a solid foothold after the financial crisis a decade ago. Finastra has been successful, with $1.9

Treasury 78

Treasury Leadership Banking Retail 78

PYMNTS

MARCH 7, 2019

Ant Financial Services Group and Jiangsu-based Hoperun Information Technology announced Wednesday (March 7) a new banking product aimed at financial institutions. The platform completed the pilot stage successfully after testing with several banking partners.

Banking 79

Banking Technology Finance Accounting 79

PYMNTS

JANUARY 25, 2021

Kemper will join N26 in the second half of 2021, replacing co-founder Maximilian Tayenthal, who will become co-CEO with Co-Founder Valentin Stalf, N26 said in a press release. The mobile digital-only bank now has over 5 million customers, more than twice the number of users than it had in early 2019. Following the U.K.’s

CFO 101

CFO Valuation Startups eCommerce 101

PYMNTS

JULY 29, 2019

With their joint venture set to end next year, First Data (now Fiserv) and Bank of America said on Monday (July 29) that they will pursue independent merchant services strategies starting in June 2020. The press release also noted that “First Data will be an important service provider supporting Bank of America’s global payment solutions.”.

Banking 70

Banking Investments Retail Marketing 70

PYMNTS

MARCH 10, 2020

Technology solutions and payment processing company Jack Henry & Associates has announced that BusinessManager has been integrated in the SilverLake System, with the purpose of streamlining accounts receivable (AR) financing, according to a press release. First Volunteer Bank has 24 branches through Tennessee and Georgia.

Finance 60

Finance Banking Accounting Leverage 60

PYMNTS

JANUARY 10, 2021

The Reserve Bank of New Zealand said Sunday (Jan. The hackers breached security at "a third-party file-sharing service," the central bank stated in a news release. Our core functions remain sound and operational.".

Banking 80

Banking Securities 80

PYMNTS

NOVEMBER 23, 2020

Citi is providing an opportunity with the launch of its new “green time deposit product with enhanced yield,” the bank announced in a press release sent to PYMNTS. Citi’s rollout of its new green deposits product comes on the heels of the bank’s launch earlier this year of a 2025 Sustainable Progress Strategy.

Treasury 52

Treasury Investments Finance Banking 52

PYMNTS

AUGUST 9, 2020

Challenger bank Agora Services wants to address challenges with banking for small businesses with a new solution called Agora SMB, which will help them compete with bigger banks, a press release says. Agora Services also debuted a new service to offer banking for children.

Banking 67

Banking Treasury Accounting Technology 67

PYMNTS

AUGUST 5, 2020

Volante Technologies , which works in cloud payment processing, announced a $35 million growth equity funding round led by Wavecrest Growth Partners , according to a press release. The round was also financed by strategic participation from BNY Mellon , Citi Ventures , PostePay and Visa Inc, the release added.

Treasury 86

Treasury Investments Banking Technology 86

PYMNTS

JULY 7, 2020

For more community banks, the latter strategy can fast-track digitization initiatives. This week’s look at the latest bank-FinTech tie-ups shows Banking-as-a-Service and other FinTech players embracing smaller regional and community banks to elevate small- to medium-sized business (SMBs) and corporate banking offerings.

Banking 96

Banking Accounts Payable Treasury Finance 96

PYMNTS

JUNE 30, 2020

challenger bank Allica Bank has launched using Profile Software ‘s banking programs in order to ensure small- to medium-sized business (SMB) customers a way to manage their banking and risk operations, according to a press release.

Banking 60

Banking Treasury Numbers Accounting 60

PYMNTS

JANUARY 19, 2021

Volante Technologies , which works in cloud payments and financial messaging, is working with Citi to expedite Citi’s adoption of the ISO 20022 financial messaging standard, according to a press release. Citi is set to be the first Volante customer to offer a unified approach to that migration around the world, the release stated.

Reconciliations 60

Reconciliations Treasury Technology Banking 60

PYMNTS

JANUARY 14, 2021

Rho Technologies , the FinTech behind Rho Business Banking, has raised $15 million in a Series A round, according to a press release. With the proceeds, the company plans to work on expanding its team-oriented commercial banking platform, including launching an integrated accounts payable (AP) platform Wednesday (Jan.

Technology 67

Technology Accounts Payable Invoicing CFO 67

PYMNTS

NOVEMBER 19, 2020

million) from PayPal Ventures in order to boost its services and develop new products, according to a press release. Modulr helps digital businesses in fields like lending, banking, travel, FinTech, employment services and accounting to build new payment products for customers, the release stated. million pounds ($83.9

Investments 67

Investments Securities Accounting Banking 67

PYMNTS

DECEMBER 30, 2019

Singtel and Grab are looking to consolidate their powers to create a new digital bank for the people of Singapore, they announced in a press release. Singtel will hold a 40 percent stake and Grab will hold 60 percent, according to the release.

Banking 53

Banking Communication Economics Finance 53

PYMNTS

JUNE 29, 2020

Now Stripe , whose platform enables companies around the world to accept payments, is rolling out a pair of new products and changes aimed at helping customers manage subscriptions and increase their ability to pay with international bank debits, the company said in a press release.

eCommerce 53

eCommerce Invoicing Compliance Startups 53

PYMNTS

DECEMBER 30, 2019

Japanese business to business (B2B) payments firm JCB is partnering with Singapore blockchain technology provider Keychain to capitalize on using blockchain in the payments space, JCB announced in a press release. Keychain Core works with Internet of Things (IoT) devices as well as computers, tablets, smartphones and wearables.

B2B 40

B2B Securities Banking Technology 40

PYMNTS

DECEMBER 4, 2020

4) chose four firms to receive digital banking licenses, including “digital full bank” licenses for Singapore-based Sea Ltd. to receive “digital wholesale bank” licenses. to receive “digital wholesale bank” licenses. MAS expects the new digital banks to commence operations in early 2022.

Banking 65

Banking Valuation Economics Technology 65

PYMNTS

JUNE 4, 2019

Wells Fargo announced on Tuesday (June 4) that it has restructured its commercial banking business. In a press release , Wells Fargo said Kyle Hranicky, a 25-year veteran of the company, will head up its commercial banking business.

Restructuring 59

Restructuring Banking Treasury Leadership 59

PYMNTS

JUNE 10, 2020

Credorax , the smart payments provider and FinTech, has announced a partnership with Samsung to develop blockchain technology to offer open banking services, according to a press release.

Reconciliations 53

Reconciliations Banking B2B Invoicing 53

PYMNTS

OCTOBER 16, 2020

“Yandex regrets to confirm that it has not been able to agree to definitive transaction terms with the core shareholders of Tinkoff, and accordingly that the parties have mutually agreed to terminate discussions regarding a possible offer by Yandex for 100% of the share capital of Tinkoff,” Yandex said in a press release.

Banking 56

Banking Planning Technology Marketing 56

PYMNTS

DECEMBER 13, 2016

In a press release , Westpac said customers with an eligible Mastercard debit and credit card can make contactless payments through their Android smartphones. Westpac announced Monday (Dec. Westpac noted that Android Pay is available at thousands of retail outlets across Australia wherever NFC payments are accepted.

Banking 70

Banking Securities Retail Technology 70

PYMNTS

JUNE 10, 2020

Bank-FinTech collaboration continues as more industry stakeholders consider the value of open banking and areas of operations most prime to benefit from the business model. As a mobile-native platform, Aspire will use Railsbank technology to enhance its own core infrastructure to optimize the bank account experience for SMB customers.

Finance 52

Finance Leverage Construction Banking 52

PYMNTS

MARCH 18, 2020

One of the largest business lenders in Europe, iwoca , has announced a new platform called OpenLending that can bring together both FinTechs and banks and help spread iwoca’s lending abilities to the 2 million U.K. businesses that might need it, according to a press release.

Banking 52

Banking Finance Accounting Planning 52

PYMNTS

FEBRUARY 13, 2019

Starling Bank, the U.K. digital banking platform, announced on Wednesday (Feb. According to a press release , the company said the Series C funding round was led by Merian Global Investors, including the Merian Chrysalis Investment Company Limited. 13) that it has raised £60 million ($77.15 million) in venture funding.

Banking 49

Banking Investments Startups Retail 49

PYMNTS

OCTOBER 31, 2019

’s Commonwealth Trade Bank is planning to overhaul its trade finance infrastructure and has announced a new partner to support the initiative. A press release this week said Intellect Design Arena will connect Commonwealth Trade Bank to its Intellect Digital Core Solution, IDC 19.1,

Banking 40

Banking Treasury Finance Technology 40

PYMNTS

NOVEMBER 16, 2020

In a sign of the complexity of the wind-down process — and the potential legal concerns on the part of one of the world’s largest banks in acquiring the assets of the troubled FinTech — news of the deal broke Monday afternoon (Nov. 16) in two separate press releases.

Banking 56

Banking Technology Planning 56

PYMNTS

JANUARY 23, 2019

Trust is at the heart of ATOM’s philosophy, and we are delighted to be working with LSEG Technology to deliver a core part of our new digital asset exchange. Set to launch this year, AAX will be the first digital asset exchange venue to use LSEG Technology’s matching engine.

Currencies 74

Currencies Leverage Technology Banking 74

PYMNTS

OCTOBER 25, 2016

In a press release, the company said the partnership offers Neoway a jumpstart in the North American FinTech market, while expanding IdentityMind’s RegTech platform coverage in Latin America, with immediate support for Brazil and Mexico. First, it will immediately put us at the forefront of the FinTech and digital banking in LATAM.

Compliance 72

Compliance Financial Systems Banking Technology 72

PYMNTS

DECEMBER 8, 2017

In a press release , Payment Rails said its white label platform supports business payments sent to more than 220 countries in more than 135 currencies. The firm’s co-founder and chief product officer, Ferhan Patel, said the tool aims to fill gaps left by companies’ own banks.

Foreign Exchange 78

Foreign Exchange Treasury B2B Compliance 78

PYMNTS

DECEMBER 18, 2018

In a press release, SWIFT said that 55 percent of SWIFT’s cross-border traffic has been via SWIFT gpi, with hundreds of billions in payments sent every day from hundreds of financial institutions, including the 60 largest banks in the world.

Banking 55

Banking Numbers Marketing 55

PYMNTS

OCTOBER 22, 2018

“With B2B Connect, we’re developing a new way for businesses to make cross-border, high-value payments — fixing broken processes and breaking down geographic barriers along the way,” Kevin Phalen, global head of Visa Business Solutions at Visa, said in a press release. and United Overseas Bank in Singapore.

B2B 76

B2B Banking Securities Technology 76

PYMNTS

JANUARY 28, 2019

New investors include the American Bankers Association (ABA), Accenture Ventures, SunTrust Bank and other strategic industry leaders. There was also participation by all of Finxact’s existing investors, including Live Oak Ventures, First Data, Woodforest National Bank and T.N. The core banking market in the U.S.

Banking 43

Banking Finance Investments Technology 43

PYMNTS

MARCH 6, 2019

Our ability to address the core pain points that exist in complex payment and receivables processes is very well-aligned with a growing need in the market—both domestically and internationally,” Mike Massaro, CEO of Flywire, said in an emailed press release.

Healthcare 80

Healthcare Education Numbers Banking 80

PYMNTS

SEPTEMBER 4, 2019

challenger bank B-North has tapped two FinTechs to power its small business lending and banking operations. In a press release Tuesday (Sept. We can design the solution around our customers’ needs and leverage the very best cloud-based technology,” he said.

Leverage 46

Leverage Banking Technology Planning 46