A guide for Digital banking methods
April 29, 20227 min
Ease, convenience, and accuracy are the three pillars of digital banking. But how do they support the Fintech space?
Akulaku Announces Record 2021 Performance
April 27, 20225 min
User Adoption Continues to Accelerate and Revenue Growth Exceeds Expectations Akulaku (“Akulaku” or “the Company”), a leading digital banking and finance platform, today reported accelerated revenue growth during 2021, as it continues to provide financial services to consumers throughout Southeast Asia. Akulaku’s total revenue grew by 122% to US$598 million and total GMV increased by 136% to US$5.8 billion. The total users grew by 242% to 26 million users, and monthly active users increased 108% to 4.8 million in...
COLUMBIA BANK announces the opening of its second FinancialHub
April 27, 20225 min
Innovative Branch Functions as a Bank, Wealth Planning and Community Space Columbia Bank, the wholly owned subsidiary of Columbia Banking System, Inc. (NASDAQ: COLB) (“Columbia“), announced the opening of its second FinancialHub, a center innovatively designed to provide a full suite of banking services including in-person wealth management. The office also functions as an inviting public space for the community. The FinancialHub, which opened in March, is located at 95 102nd Avenue, NE. It is...
Bonifii Selects Mastercard as Preferred Open Banking Provider
April 26, 20224 min
Credit unions to access consumer-permissioned data for faster, more accurate underwriting
BUSINESSNEXT Launches Smart Relationship Manager
April 26, 20223 min
~AI-driven, hyper-personalized Smart RM delivers 3X growth in revenue ~ BUSINESSNEXT, the world’s leading responsive composable banking platform, enriched its product portfolio further by launching Smart Relationship Manager (RM) for banking and financial services. The new age Smart RM is the conjunction of hi-tech artificial intelligence (AI) and digital banking. It provides an enhanced sales and service capabilities to the RMs, enabling them to manage 10 times more customers, impacting three times more revenue while...
Adyen payments platform selected by Amazon Japan
April 26, 20222 min
Adyen’s single platform enables Amazon.co.jp to optimize checkout experience Adyen (AMS:ADYEN), the global financial platform of choice for leading companies, is now processing payments for Amazon Japan. Using Adyen’s platform, Amazon Japan will further optimize the payment data and checkout experience for its Amazon.co.jp customers. Adyen’s direct acquiring and data-rich insights enable Amazon Japan to provide a more seamless flow for its customers, whether they’re shopping from Japan or overseas. “Japan’s digital sector has seen accelerated growth in the past...
Nium Signs Definitive Agreement to Acquire Socash
April 26, 20224 min
Acquisition combines Socash’s technology for local payment acceptance with Nium’s global platform for money movement network for a modern approach to digital commerce in emerging markets Nium, the global platform for modern money movement, today announced a definitive agreement to acquire Socash, a Singapore-based alternative payments network platform. Socash brings together financial institutions and digital commerce merchants into a thriving network that allows consumers to deposit, withdraw, and make payments with cash from more than 30,000 local shops,...
AmerisourceBergen Partners with Chronicled
April 22, 20224 min
Global healthcare company AmerisourceBergen (AB) announced today its partnership with Chronicled, the administrator of the MediLedger Network, to leverage a new blockchain-powered solution designed to enhance pharmaceutical chargeback accuracy and significantly reduce chargeback rejections. The blockchain solution will allow AB to streamline and optimize the complex process of pharmaceutical chargebacks while creating greater connectivity for its suppliers and customers. Over the past three years, AB has collaborated closely with Chronicled to design and pilot the technology for commercial...
Trona Valley Federal Credit Union partners with Lumin Digital
April 20, 20225 min
Lumin Digital, a PSCU company, announced today that Trona Valley Federal Credit Union (Trona Valley) has signed a multi-year agreement for Lumin Digital’s cloud-native platform for online and mobile digital banking solutions. Lumin Digital will support Trona Valley’s more than 23,000 members and more than $320 million in assets once the credit union goes live on the platform in May 2022. Trona Valley Federal Credit Union, based in Green River, Wyoming, is a 100% member-owned financial institution dedicated to providing...
DeFi Protocols Raising Millions for Structured Products in DeFi
April 19, 202220 min
Decentralized Finance (DeFi) is continuing to gain traction and DeFi protocols are raising millions to offer retail investors better access to the growing market. Ribbon Finance, a protocol that makes it easier for investors to benefit from the complicated world of crypto derivatives, just raised $8.8 million after partnering with Paradigm to build new risk products native to DeFi and double down on the project’s multi-chain approach. At the same time, Struct Finance raised $3.9 million to develop structured products in...