Afterpay to Offer Savings Accounts & Cash Flow Tools to Customers

Afterpay (ASX:APT), the leader in “Buy Now, Pay Later” payments, and Westpac have entered into a collaboration agreement to facilitate the introduction of Afterpay savings accounts and cash flow tools for customers in Australia. The new money management services, facilitated by Westpac’s new digital bank-as-a-service platform, will complement Afterpay’s existing business model by offering additional, customer-centric alternatives to traditional banking products. Available beginning in FY21, the new offerings will replicate the simplicity and transparency of the existing...

Agora Services Adds Board Advisors and Senior Advisors to Assist Financial Institutions

Agora Services, the leading provider of digital platform banking solutions, adds two board advisors and two senior advisors to assist the company in providing digital banking offerings to financial institutions. The new Agora Services team members will help guide the company, its partners and customers to deliver the highest level of digital banking technology. One example is Agora Junior, which offers an unplugged digital banking account for parents and teens to better fit their unique needs;...

Backbase and Finxact Partner to Help Financial Institutions in North America Innovate at Speed and Move Away from Vendor Lock-In

Backbase, the omni-channel Digital Banking platform and Finxact, the Core-as-a-Service platform, have entered into a strategic partnership to help banks and credit unions unlock the full potential of their digital transformation with a next-gen front-to-back solution. The partnership combines Backbase’s portfolio of turn-key online and mobile banking applications with Finxact’s next-gen cloud native core banking platform. The combined front-to-back SaaS solution empowers clients to launch a greenfield bank in under three months. It also helps established financial institutions...

i2c Extends CashFlows Service Offering with Innovative Credit, Debit & Prepaid Programs

i2c Inc., a leading provider of payments processing and digital banking technology, and CashFlows, a consolidated business payment services provider, today announced a new partnership to benefit payment card issuers across Europe. i2c’s unique and highly integrated platform enables CashFlows to offer their prospects a broader portfolio of innovative products and services. i2c brings to the partnership a global, highly configurable and reliable platform that provides CashFlows clients with end-to-end programs support. The unique i2c platform...

HKIB for the first time welcomes six local virtual banks as Corporate Members

The Hong Kong Institute of Bankers (HKIB) is pleased to announce that six virtual banks in Hong Kong have recently joined the Institute as Corporate Members: Airstar Bank Limited, Fusion Bank Limited, Livi VB Limited, Ping An OneConnect Bank (Hong Kong) Limited, SC Digital Solutions Limited as well as WeLab Bank Limited. Banking “The HKIB is thrilled to welcome six of the city’s virtual banks as Corporate Members. Launching virtual banks has marked a new era in...

STIPS|FinTech Concludes $1.4M Private Sale, Aims at Civilizing Crypto Financial Markets

STIPS|FinTech is ready to launch an operable MVP of STIPS|Oculus in November with the fund and index modules, offering a harmonious mix of financial tools to bring reliability, transparency and convenience to the crypto market The STIPS|FinTech project has recently proposed its product offering on the crypto market, aiming at creation of an convenient and scalable infrastructure to cater to market players. The project is a decentralized crypto-finance ecosystem for smart investing and asset management that would...

LendIt Fintech Releases In-depth White Paper on the State of Open Banking

Why today’s early implementation steps are leading to a financial revolution LendIt Fintech, the world’s leading conference series dedicated to financial services innovation, today released its comprehensive white paper on open banking. LendIt Fintech conducted this study to provide an in-depth look into how far Open Banking has progressed, and how great an impact it will have on the financial landscape. Through research into banks’ developer websites, the latest offerings from commercial banks, fintechs and...

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