Paysafe and Deutsche Bank have partnered to enable the bank’s customers in Germany to deposit and withdraw cash to and from their bank accounts at 12,500 participating retail locations across the country. With this service, customers can make these deposits or withdrawals at the retail...
Citi has teamed with Google to use artificial intelligence (AI) and cloud technology to bolster its digital strategy. The collaboration, announced Monday (Oct. 28), is designed to use Google Cloud’s expertise to upgrade the banking giant’s infrastructure. “Citi is on a mission to modernize our...
Banks used to be the only game in town for small businesses looking to set up an account, get credit and hear advice about managing their cash flow. Luke Voiles, Chief Executive Officer of embedded solutions FinTech Pipe, told Karen Webster that the point...
Three days after Santander launched its digital bank in the United States, offering high-yield savings accounts, Executive Chair Ana Botin reportedly said the bank will have a full-service digital bank in the country by the end of 2025. Santander’s digital bank, Openbank, is Europe’s largest...
Evolve Bank & Trust said Wednesday (Oct. 23) that it expects to begin returning funds it holds to Synapse Brokerage end users impacted by the Synapse bankruptcy in November. The company launched a website that offers these end users information about the reconciliation process and...
Banking-as-a-service (BaaS), as a business model, promises to reshape financial services. And a drumbeat of regulatory actions and continued scrutiny from a veritable alphabet soup of regulators promises to reshape BaaS. The model, generally speaking, is one in which non-banks gain access to banking features,...
Green Dot has launched an embedded finance brand and platform of services called Arc by Green Dot. This new platform offers businesses a range of embedded finance capabilities, including banking-as-a-service (BaaS), bringing together Green Dot’s banking and money processing solutions, the financial technology platform and...
Digital financial services company SoFi says it has adopted its subsidiary Galileo’s cloud-based Cyberbank Core. This integration, announced Wednesday (Oct. 16), will power a variety of payment services for commercial clients, among them debit, prepaid, ACH and wire transactions, and associated banking services. Cyberbank Core...
British neo-bank Monzo says it now has more than 500,000 business customers. And with that milestone, the company announced Wednesday (Oct. 16) a new plan for “bigger small businesses” called Team, designed to give business owners more control over their financial management with less expense...
