Banking as a Service

BM Technologies, Inc. (BMTX) Announces Partnership with Array

Retrieved on: 
Wednesday, June 30, 2021
Financial markets, Personal finance, As a service, Banking as a Service, Credit score, Economy

Through this collaboration, BM Technologies (BMTX) will be able to offer customizable credit-related capabilities as a part of its Banking-as-a-Service (BaaS) product offering.

Key Points: 
  • Through this collaboration, BM Technologies (BMTX) will be able to offer customizable credit-related capabilities as a part of its Banking-as-a-Service (BaaS) product offering.
  • Our partnership with Array will allow us to deliver a superior BaaS product by adding consumer credit information, identity tools and more financial management capabilities to our offering.
  • BM Technologies (BMTX) BaaS product offering will soon include credit scores and detailed credit reports to users.
  • By integrating our tools into BM Technologies (BMTX) BaaS platform, we are providing account holders access to additional important financial information, stated Martin Toha, Founder and CEO of Array.

Frequent Disaster Recovery Testing Is Critical To Meeting Recovery Objectives, New iland Study Finds

Retrieved on: 
Tuesday, June 29, 2021
Cloud computing, Computing, IT infrastructure, Cloud infrastructure, As a service, Business continuity, Cloud storage, iland, Remote desktop, Disaster recovery, Mobile backend as a service, Banking as a Service

More importantly, as the IT estate changes over time, the survey indicated most disaster recovery solutions would not meet recovery objectives.

Key Points: 
  • More importantly, as the IT estate changes over time, the survey indicated most disaster recovery solutions would not meet recovery objectives.
  • Those testing more regularly are far more likely to have ambitious objectives for data recovery than those who test less frequently.
  • As we found in our research, disaster recovery implementations are on the rise, but regular testing is falling behind.
  • iland is a global cloud service provider of secure and compliant hosting for infrastructure (IaaS), disaster recovery (DRaaS) and backup as a service (BaaS).

Finastra survey finds Banking as a Service (BaaS) set to make significant impact on financial services in next 12 months

Retrieved on: 
Monday, June 28, 2021
Finance, Money, Economy, As a service, Finastra, Financial markets, Banking as a Service, Mobile banking, Open banking, Bank, Mobile backend as a service, ING Group

LONDON, June 28, 2021 /PRNewswire/ -- Finastra research reveals that Banking as a Service (BaaS) and embedded banking services are set to have a notable impact on the industry in the next 12 months.

Key Points: 
  • LONDON, June 28, 2021 /PRNewswire/ -- Finastra research reveals that Banking as a Service (BaaS) and embedded banking services are set to have a notable impact on the industry in the next 12 months.
  • It explores the Open Banking and Finance landscape, the technology and initiatives set to make an impact in financial services over the next year, and how COVID-19 has impacted the sector.
  • Alongside BaaS, mobile banking and artificial intelligence are identified as the other top technologies which will be improved or deployed in the next 12 months.
  • Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities.

Finastra survey finds Banking as a Service (BaaS) set to make significant impact on financial services in next 12 months

Retrieved on: 
Monday, June 28, 2021
Finance, Money, Financial technology, Financial markets, Finastra, Open banking, Banking as a Service

The 'Financial Services: State of the Nation Survey 2021' , also finds that most organizations are now deriving the benefits of Open Banking and Open Finance, with the latter considered the natural evolution for the sector.

Key Points: 
  • The 'Financial Services: State of the Nation Survey 2021' , also finds that most organizations are now deriving the benefits of Open Banking and Open Finance, with the latter considered the natural evolution for the sector.
  • It explores the Open Banking and Finance landscape, the technology and initiatives set to make an impact in financial services over the next year, and how COVID-19 has impacted the sector.
  • Alongside BaaS, mobile banking and artificial intelligence are identified as the other top technologies which will be improved or deployed in the next 12 months.
  • Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities.

Blue C Technology launch, CSU's new business unit focused on Banking as a Service

Retrieved on: 
Wednesday, June 23, 2021
Finance, Money, Economy, Financial markets, Financial services, As a service, Banking as a Service, ING Group, Bank

Through the new Blue C Technology business unit, CSU will expand its operations and offer a complete structure of financial products and services to companies from different segments in the country.

Key Points: 
  • Through the new Blue C Technology business unit, CSU will expand its operations and offer a complete structure of financial products and services to companies from different segments in the country.
  • Retail, industry, service sector and payment institutions will now have a secure and high-performance framework for their operations and projects.
  • Mr. Alexandre Pinto, a professional with extensive experience in the area of technology and banking services, including BaaS, will lead them.
  • Blue C is already born as the most-prepared platform to be the ideal partner for companies interested in Banking as a Service.

Luvleen Sidhu, Chair, CEO and Founder of BM Technologies (NYSE: BMTX), Selected as one of PaymentsSource’s Most Influential Women in Payments: Next

Retrieved on: 
Wednesday, May 19, 2021
Financial markets, Economy, Financial technology, Banking as a Service

\xe2\x80\x9cThe women on the list are leaders in payments and fintech and helping to cultivate the future of their industries.

Key Points: 
  • \xe2\x80\x9cThe women on the list are leaders in payments and fintech and helping to cultivate the future of their industries.
  • She was the youngest female Founder and CEO to take a company public at the time of its listing.
  • BM Technologies (BMTX) is one of the first publicly-traded neobanking fintechs and one of the first de-SPACs of 2021.
  • Sidhu also oversaw BM Technologies (BMTX) expanding its BaaS strategy with T-Mobile for the launch of T-Mobile MONEY.

BM Technologies (NYSE: BMTX) to Announce Q1 2021 Earnings and Host Webcast

Retrieved on: 
Monday, May 10, 2021
Finance, Service industries, Economy, As a service, Banking as a Service, Bank, XC2, ING Group, Retail banking

b'BM Technologies, Inc. (NYSE American: BMTX, BMTX.W) is among the largest digital banking platforms in the U.S., providing access to checking and savings accounts, personal loans, credit cards, and financial wellness.

Key Points: 
  • b'BM Technologies, Inc. (NYSE American: BMTX, BMTX.W) is among the largest digital banking platforms in the U.S., providing access to checking and savings accounts, personal loans, credit cards, and financial wellness.
  • It is focused on technology, innovation, easy-to-use products, and education with the mission of being \xe2\x80\x9ccustomer-obsessed\xe2\x80\x9d and creating \xe2\x80\x9ccustomers for life.\xe2\x80\x9d The BM Technologies (BMTX) digital banking platform employs a multi-partner distribution model, known as \xe2\x80\x9cBanking-as-a-Service\xe2\x80\x9d (BaaS), that enables the acquisition of customers at higher volumes and substantially lower expense than traditional banks, while providing significant benefits to its customers, partners and business.
  • BM Technologies (BMTX) currently has approximately two million accounts and provides disbursement services at approximately 725 college and university campuses (covering one out of every three college students in the U.S.).\xc2\xa0BM Technologies, Inc. (BMTX) is a technology company and is not a bank, which means it provides banking services through its partner bank.\xc2\xa0More information can also be found\xc2\xa0at https://ir.bmtxinc.com/ .\n'

CSU announces new partnership with the Technisys platform, aiming to structure its differentiated offer in the BaaS industry

Retrieved on: 
Friday, April 23, 2021
Finance, Financial markets, Money, Economy, As a service, Banking as a Service, Belo Horizonte, B3, Digital banking, Core banking, Recife

b'SO PAULO, April 23, 2021 /PRNewswire/ -- CSU\'s newest move in the technology area is the long-term licensing of the core banking platform from Technisys.

Key Points: 
  • b'SO PAULO, April 23, 2021 /PRNewswire/ -- CSU\'s newest move in the technology area is the long-term licensing of the core banking platform from Technisys.
  • With this partnership, CSU\'s Banking as a Service - BaaS solution will benefit from a core banking option considered one of the most advanced in the global market, taking digital banking to another level nationwide, in addition to opening new paths for the expansion of the Company.\nThis partnership with a company that already operates strongly in the digital environment, leverages CSU\'s BaaS solution, enabling the creation of different financial ecosystems, either being payment entities, direct credit companies or even financial institutions.
  • CSU has about 6,000 employees, in the offices of So Paulo, Barueri, Recife and Belo Horizonte.
  • Acting in a pioneering way, in 2006 CSU was the first company in its segment to go public on B3, becoming part of the highest corporate governance level, the Novo Mercado segment, under the ticker CARD3.\n'

Luvleen Sidhu, Chair, CEO and Founder of BM Technologies (NYSE: BMTX), Selected as one of Crain’s New York Business 2021 Notable Women on Wall Street

Retrieved on: 
Tuesday, March 30, 2021
Finance, Money, Economy, Deutsche Telekom, T-Mobile US, Banking as a Service, Bank

RADNOR, Pa., March 30, 2021 (GLOBE NEWSWIRE) -- BM Technologies, Inc. (NYSE American: BMTX, BMTX.W), one of the largest digital banking platforms in the country, announced that Luvleen Sidhu, Chair, CEO and Founder, has been selected as one of Crains New York Business 2021 Notable Women on Wall Street .

Key Points: 
  • RADNOR, Pa., March 30, 2021 (GLOBE NEWSWIRE) -- BM Technologies, Inc. (NYSE American: BMTX, BMTX.W), one of the largest digital banking platforms in the country, announced that Luvleen Sidhu, Chair, CEO and Founder, has been selected as one of Crains New York Business 2021 Notable Women on Wall Street .
  • According to Crains New York Business, The 56 finance professionals on Crains 2021 list of Notable Women on Wall Street have succeeded in wealth management, consumer and investment banking, equity research, asset management and quantitative strategy, among other areas.
  • BM Technologies (BMTX) is one of the first publicly-traded neobanking fintechs and one of the first de-SPACs of 2021.
  • Additionally, Sidhu oversaw BM Technologies (BMTX) expanding its BaaS strategy with T-Mobile for the launch of T-Mobile MONEY.

Priority Technology Holdings, Inc. to Acquire Finxera to Create the Premier Payments and Banking as a Service Platform

Retrieved on: 
Monday, March 8, 2021
Economy, Finance, Money, Corporate finance, Human resource management, Mergers and acquisitions, Banking as a Service, Bank

"Combining with Priority accelerates our original vision to be a disruptive technology in the convergence of payments and banking as a service," said Sanjoy Goyle, Founder and Chief Executive Officer of Finxera.

Key Points: 
  • "Combining with Priority accelerates our original vision to be a disruptive technology in the convergence of payments and banking as a service," said Sanjoy Goyle, Founder and Chief Executive Officer of Finxera.
  • "We have been hugely impressed with the breadth of Priority's payments platform, operations, and strategic vision since integrating with the Priority MX platform last year.
  • The merger financing with Finxera includes up to $50 million of Priority common stock to be issued to certain existing shareholders.
  • Finxera operates the leading BaaS platform that allows enterprises to rapidly incorporate banking and payment services into their applications.