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Banking-as-a-Service stories

Augustus raises USD $180 million in Tiger-led round
Fintech

Augustus raises USD $180 million in Tiger-led round

The financing values the New York fintech at USD $1 billion as it seeks to give overseas banks direct access to dollar accounts and payments.

By Karen Joy Bacudo • 4 min read • Last week
Marqeta & zerohash link stablecoins to card payments
Fintech

Marqeta & zerohash link stablecoins to card payments

Users could soon spend digital dollar balances at shops as the firms seek to make stablecoins usable on existing card networks.

By Karen Joy Bacudo • 4 min read • Last week
Mambu gains Swift certification for payments platform
Fintech

Mambu gains Swift certification for payments platform

New customers can tap Swift's global network without building their own connectivity, as BankB goes live on Mambu's managed service.

By Karen Joy Bacudo • 4 min read • This month
Modulr appoints Jakub Zmuda & Mark Buitenhek for Europe
Fintech

Modulr appoints Jakub Zmuda & Mark Buitenhek for Europe

The payments firm is strengthening its European governance as it targets further growth across the region after reaching profitability last year.

By Sofiah Nichole Salivio • 3 min read • This month
Mangopay expands Virtual Accounts to 24 currencies
Fintech

Mangopay expands Virtual Accounts to 24 currencies

Platforms handling cross-border collections can now reconcile payments in 24 currencies, as Mangopay widens Virtual Accounts support from seven.

By Karen Joy Bacudo • 3 min read • This month
Bluevine opens digital onboarding for overseas US owners
Fintech

Bluevine opens digital onboarding for overseas US owners

International founders can now open US business accounts remotely, as Bluevine removes a major barrier for overseas owners in eight markets.

By Karen Joy Bacudo • 4 min read • This month
bunq opens banking platform to European businesses
Software-as-a-Service

bunq opens banking platform to European businesses

European firms can now embed regulated accounts and cards into their apps as bunq widens its banking-as-a-service push beyond Blockrise.

By Sean Mitchell • 4 min read • Last month

Stories from Other Regions

Banking-as-a-Service stories

Peoples Group backs hybrid models for Canada payments
Fintech

Peoples Group backs hybrid models for Canada payments

As Canada's payments system grows more complex, hybrid access is emerging as a way to cut costs and ease compliance burdens.

By Karen Joy Bacudo • 4 min read • Last week
USBC appoints ex-Apple Pay executive to lead partnerships
Fintech

USBC appoints ex-Apple Pay executive to lead partnerships

Its tokenised deposit push could gain wider reach after the Reno-based firm brought in a former Apple Pay and Cash App executive.

By Mark Tarre • 3 min read • Last week
Moneyhub powers Paragon's new Open Banking Cash ISA
Data Analytics

Moneyhub powers Paragon's new Open Banking Cash ISA

The app's first Cash ISA lets savers move money automatically from current accounts, as Spring passes GBP £1 billion in deposits.

By Karen Joy Bacudo • 4 min read • This month
Lorum appoints Hartwig Gerhartinger as legal chief
Fintech

Lorum appoints Hartwig Gerhartinger as legal chief

The hire comes as the financial infrastructure group reports 15x growth and pursues a US trust bank charter to strengthen oversight.

By Sofiah Nichole Salivio • 3 min read • This month
Depa picks Modern Treasury for cross-border payments
Software-as-a-Service

Depa picks Modern Treasury for cross-border payments

The move gives Depa a single way to route dollar and stablecoin transfers, as it expands access to clients in more than 90 countries.

By Karen Joy Bacudo • 3 min read • This month
Lorum appoints Hartwig Gerhartinger as legal chief
Fintech

Lorum appoints Hartwig Gerhartinger as legal chief

The hire underscores Lorum's push to win clients that need stronger regulatory assurance as it seeks a US trust bank charter.

By Sofiah Nichole Salivio • 4 min read • This month
Axos Financial buys Arc Technologies in digital push
Software-as-a-Service

Axos Financial buys Arc Technologies in digital push

The deal gives Axos a newer software platform to court underserved US small businesses and tech start-ups more effectively.

By Karen Joy Bacudo • 3 min read • This month
Klarna seeks U.S. banking licence for Utah industrial bank
Fintech

Klarna seeks U.S. banking licence for Utah industrial bank

Approval would let the fintech bring U.S. payments, savings and credit operations in-house, reducing reliance on partner banks.

By Karen Joy Bacudo • 4 min read • This month
Lead Bank joins American Fintech Council in membership push
Fintech

Lead Bank joins American Fintech Council in membership push

The move strengthens the trade group's push for tighter standards as scrutiny of banking-as-a-service partnerships intensifies across the US financial sector.

By Karen Joy Bacudo • 3 min read • Last month
Pollen Street buys Finastra's Universal Banking unit
Data Analytics

Pollen Street buys Finastra's Universal Banking unit

Banks using Universal Banking will see continued support as Pollen Street backs standalone growth and AI upgrades after the deal closes.

By Karen Joy Bacudo • 3 min read • Last month
FV Bank launches stablecoin invoicing for businesses
Crypto

FV Bank launches stablecoin invoicing for businesses

Businesses can now settle invoices in USDC or PYUSD, with funds converted into US dollars on receipt through FV Bank's dashboard.

By Karen Joy Bacudo • 4 min read • Last month