digital bank - FinTecBuzz

Plata Completes Its Series A Round with a USD 1.5B Valuation

March 12, 20259 min

Less than two years after launch in April 2023, Plata’s valuation reached USD 1.5B after receiving its banking license authorization in December 2024, surpassing one million active customers in early 2025. The USD 160 million Series A equity round brings the total investment that Plata has made into the Mexican economy since its launch to over USD 750 million. Series A, which positions Plata as one of Mexico’s most valuable Digital Banks*, was led by Kora. Plata, the Mexican digital bank that received its banking license...

by myTU

Banking

myTU Raises €10M in Oversubscribed Series A to Accelerate Growth

March 4, 20255 min

Digital banking platform myTU secures €10M in Series A funding, exceeding its original €9M target Investment led by existing shareholders increasing their stakes, alongside new strategic investors in payments and mobility Funds will support expansion into acquiring, lending, and preparations for a full banking license in Lithuania myTU expects to reach profitability in 2025 myTU, an AI-powered and cloud-first digital bank, has secured a €10 million Series A, surpassing its initial €9 million target in...

by myTU

API/Connectivity

myTU launches business VISA debit card with advanced API features

December 6, 20247 min

Issued to individual employees or entire departments, myTU’s new business card provides companies with enhanced fraud protection, simplified expense tracking and flexibility around spending limits and overdrafts

by BusinessWire

Payments

Visa Flexible Credential Goes Global: Transforms Card for Digital Future

November 15, 20249 min

First in the U.S., Visa Flexible Credential will roll out with the Affirm Card, a debit card that allows eligible consumers to easily buy now and pay later right from the Affirm app UAE-based Liv, the first digital bank in MENA to debut Visa Flexible Credential, allows frequent travelers access to multiple currency accounts from one card, making cross-border payments simpler than ever New flexible payments experiences debuted at Web Summit in Lisbon For years,...

by PRNewswire

Banking

Quontic names Robert G. Russell, Jr. as New President

August 11, 20234 min

Quontic announced that Robert G. Russell, Jr. had been appointed President of Quontic, reporting to the Interim CEO and Co-Founder, George Lazaridis, and the institution’s Board of Directors. A veteran in the banking industry, Robert was most recently with Patriot Bank in Stamford, Connecticut, where he was President and Chief Executive Officer. He is well-known in the industry for his hands-on approach and is a broad-based banker whose foundation originates from accounting and finance. Robert has experience...

by BusinessWire

Payments

FV Bank Launches Cross-Border FX Payments Service

January 23, 20234 min

New offering provides fast, secure, competitive international FX payment options for global businesses

by BusinessWire

Banking

Western Union Integrates Mambu Into Digital Bank Platform in Europe

June 10, 20225 min

Mambu, the cloud banking platform, has teamed up with Western Union, a global leader in cross-border, cross-currency money movement and payments, to integrate its solution into the latter’s next generation real time multi-currency digital wallet and digital banking platform in Europe. Mambu will enable Western Union to extend the relationship with its customers, and create a new banking experience. With its cloud-native platform, Mambu has 70 million daily users and over 230 banks and financial institutions...

by PRNewswire

Payments

Allied Digital launches FinTech product for digital transformation

May 13, 20226 min

Govt. of India recently announced the rapid digitalization of the banking sector as part of the Digital India initiative that will stimulate financial inclusion. RBI further appended and promotes its policy of Secure and Informed Digital Banking. Allied Digital Services Ltd, a publicly-traded global IT solutions, services and Master Systems integration company, officially announced the launch of its new FinTech product ‘FinoAllied’ which is an AI-Powered Conversational Banking platform, that comes with built-in banking services and transactions...

by PRNewswire

Banking

DCI Partners with Texas National Bank to Launch Direct Digital Bank

March 15, 20228 min

Texas National Bank looks outside their core for a modern banking platform to help launch their direct digital bank.

by PRNewswire

Banking Platform

Radius Bank Announces Multiple New Hires Amid Continued Growth

June 24, 20205 min

Top talent from across the U.S. join Institutional Banking Division

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