Payments News

On The Web

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Deals

Rize Raises $11.4M to Scale Its Embedded Fintech Service

“Rize , a fintech-as-a-service company that provides services to other firms, announced an $11.4 million Series A this morning. The funding event was led by Alpha Edison and Morpheus Ventures . A number of the startup’s prior backers also participated in the round. Rize is an interesting company in a competitive space; the market for […]
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Deals

Swan Raises $18.7 Million to Provide Embedded Banking Services

“Embedded finance has been an important trend for the past few years in fintech. Companies that operate in this space provide financial services to other companies. Those clients act as a distribution channel for financial services with the embedded finance company acting as the backbone for all things finance. This way, some companies that don’t […]

On The Wires

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Providers

FIS Unveils Banking-as-a-Service Hub, Delivering Creative and Innovative Fintech Solutions to Financial Institutions of All Sizes

“Financial technology leader FIS ® (NYSE: FIS) today announced its Banking-as-a-Service Hub, enabling banks, credit unions, and fintechs to build the digital banking and payments ecosystems they need to deliver innovation to merchants and consumers. The FIS Banking-as-a-Service Hub provides a full suite of banking and payments capabilities for institutions of all sizes, allowing for […]
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Providers

Finastra Collaborates With Microsoft to Bring Embedded Financing Options to Thousands of Businesses With Banking As a Service

“Finastra today announced a Banking as a Service (BaaS) collaboration with Microsoft to bring new lending options to thousands of Small and Medium Enterprises (SMEs) – a sector severely underserved when it comes to accessing finance. SMEs using Microsoft Dynamics 365 will be able to access and unlock vital financing offers without leaving their business management platform.”
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Providers

BankProv Partners With Synctera to Create Card Program in Support of Banking-as-a-Service Model

“Synctera allows banking institutions to build new lines of business by sponsoring FinTechs and generating new revenue streams. BankProv and Synctera share the vision for a connected marketplace filled with opportunities for FinTech developers and customers to have more access and options for managing their money. BankProv is the eleventh community bank in Synctera’s marketplace […]
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Providers

Unit Releases First-of-its-kind Solution That Enables Companies to Launch Banking in Minutes

“Unit, the leading banking-as-a-service platform that empowers companies to embed financial services into their products, announced today that it has released a new pilot environment that enables companies to create live bank accounts and issue virtual cards in minutes. This pilot environment is a first-of-its-kind solution that allows companies to build accounts, cards, payments and […]
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Providers

HSBC to Launch Banking As a Service

“HSBC is to launch a Banking as a Service (BaaS) offering that will enable customers to create and provide business banking services through their own platforms. HSBC and Oracle NetSuite, one of the leading cloud Enterprise Resource Planning (ERP) systems with over 27,000 customers worldwide, are working together to provide international payments and expense management […]
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Providers

Temenos Selected by Green Dot to Help Build and Power the Digital Bank and Fintech’s Cloud-Based Processing Platform

“Temenos (SIX: TEMN), the banking software company, today announced that Green Dot Corporation (NYSE: GDOT) has enlisted The Temenos Banking Cloud as its platform of choice to power its direct digital bank and banking platform services (or “BaaS”) partners, enabling more feature-rich, secure and streamlined banking and payment experiences for customers, as well as scalable […]