On The Web

nbsp;

Providers

This is Goldman’s bet to break into a $32 billion industry serving the world’s biggest corporations

November 2 2020

• in
• Banking-as-a-Service (BaaS)

“Goldman Sachs wants to help any company in the world become a bank. The firm has just released software that allows clients to embed banking services into their own products as part of a push to break into the $32 billion a year industry managing cash for big corporations, according to Hari Moorthy , Goldman’s […]

nbsp;

Deals

Wise raises another $12 million to double down on embedded business banking

November 2 2020

• in
• Banking-as-a-Service (BaaS)

“Fintech startup Wise has raised a $12 million Series A round. The company offers business bank accounts with an interesting go-to-market strategy. Wise partners with other companies so that they can offer bank accounts to their own customers. For instance, if you’re running a marketplace or an e-commerce platform that matches companies with individual customers, […]

nbsp;

Providers

Westpac brings Afterpay on as first digital ‘bank-as-a-service’ platform partner

October 20 2020

• in
• Banking-as-a-Service (BaaS)

“Afterpay has been named as Westpac’s first partner on its new digital “bank-as-a-service” platform.  Under the partnership, Afterpay will provide Westpac transaction and saving accounts, and other cashflow management tools to its 3.3 million Australian customers in Q2 2021.”

On The Wires

nbsp;

Providers

Radius Bank Launches Commercial API Banking Platform and Developer Sandbox

November 2 2020

• in
• Banking-as-a-Service (BaaS)

“Radius Bank , a forward-thinking digital bank, announced today the next step in its partnership with API (application programming interface) banking leader Treasury Prime with the launch of their Commercial API Banking Platform and corresponding sandbox testing environment. With API Banking, Radius has expanded its Banking-as-a-Service (BaaS) digital platform by giving commercial clients leading-edge technology […]