On The Web

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Tech

New Generation of Digital Banks Bets on Minority Markets

May 14 2021

• in
• Digital banking

“Daylight estimates there are 30 million Americans who identify as LGBTQ. It is among a cohort of new digital banks in the United States targeting communities where many people say their needs have not been met by mainstream lenders. Such startups include First Boulevard and Greenwood, both focused on serving Black Americans, Cheese Financial aimed […]

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Global

BHIM UPI Customers Can Raise Complaints Through the Platform: NPCI

March 19 2021

• in
• Digital banking
• India

“Customers using BHIM UPI for digital transactions will now be able to check the status of their pending transactions as well as raise complaints instantly, with the addition of a new feature on the payments platform. The National Payments Corporation of India (NPCI) on Tuesday said the move is in line with RBI’s vision of […]

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Deals

Colombia’s Davivienda, Rappi to Invest $50M in New Digital Bank

March 15 2021

• in
• Digital banking

“Colombian lender Banco Davivienda SA’s board approved a framework agreement to invest in the bank’s joint venture with logistics giant Rappi SAS, according to a filing from the bank. The framework agreement will allow Davivienda, through Corporación Financiera Davivienda SA and Rappi, to move forward in the strategic alliance with the logistics company and apply […]

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Global

First Digital Goes Live As Israel’s First New Bank Since 1978

March 15 2021

• in
• Digital banking
• Israel

“First Digital Bank, the first new bank in Israel since 1978, started operations on Sunday on a trial basis, and said it planned to open to the public later in 2021. The bank, which Israel’s banking regulator approved last year, has 140 staff and has begun opening accounts and providing all banking services for a […]

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Deals

Cheese Raises $3.6M for Its Digital Bank Aimed at the Asian-American Community

March 10 2021

• in
• Digital banking

“Many things have accelerated in the world of fintech over the past year, not the least of which is the trend of digital banks aimed at specific communities in the U.S. In the past few months alone, a number of neobanks targeting the Black and Latinx communities have emerged. Most recently, we covered the $5 […]

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Global

One Million Customers of Other Banks Are Using ICICI Bank’s ‘iMobile Pay’

March 8 2021

• in
• Digital banking
• India

“ICICI Bank today announced that as many as one million customers of other banks have started using the new avatar of its app, ’iMobile Pay’. The Bank has achieved the feat in a shade over three months after it made ‘iMobile Pay’ open for all to use, including those who are not its customers. Going […]

On The Wires

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Deals

Rho Technologies Announces $100 Million in Financing to Transform Business Banking

April 30 2021

• in
• Digital banking

Rho Technologies, the high-growth fintech behind Rho Business Banking, announced $100 million in debt financing from global impact investment firm, Community Investment Management (CIM)…Rho Business Banking has built a modern commercial banking platform built around the way companies operate today: distributed, team-oriented, transparent and built for scale.

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Deals

Q2 Holdings Makes Digital Account Switching Fast and Easy With Acquisition of ClickSWITCH

April 1 2021

• in
• Digital banking

“Q2 Holdings, Inc. (NYSE:QTWO), a leading provider of digital transformation solutions for banking and lending, today announced its acquisition of ClickSWITCH, a patented digital account switching software-as-a-service (SaaS) solution that has transformed how financial institutions and financial technology companies (fintechs) attract and retain new primary account holders. The acquisition reflects Q2’s ongoing mission to build […]

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Tech

Walgreens Announces Further Expansion of Its Financial Services Business Strategy With InComm Payments

March 30 2021

• in
• Digital banking

“Walgreens today announced an agreement with InComm Payments , a leading global payments technology company, to provide convenient and accessible financial services options for its customers. Together, the companies will launch a new bank account offering for its customers to be established at MetaBank* with a Mastercard debit card that will serve Walgreens shoppers both […]

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Tech

KeyBank and Laurel Road Launch Digital Bank for Doctors

March 30 2021

• in
• Digital banking

Laurel Road, a brand of KeyBank, unveiled today Laurel Road for Doctors, a digital bank tailored to physicians and dentists with products and services designed to provide the financial help and peace of mind they need through each career stage. The goal of the new digital bank is to help ease the burden for doctors […]