Digital Banking Weekly #51

🏦 solarisBank, Europe’s leading Banking-as-a-Service platform, raises EUR 60 million in series C round to further accelerate growth 🔗 Read more

🇪🇺 16 major Eurozone banks have come together to start the implementation of a new payment system to take on the might of Visa and Mastercard and the threat posed by Chinese and US Big Tech firms 🔗 Read more

💸 The former investment banker and fund manager has set up 1fs:Wealth, a London-based technology firm that aims to help family offices and rich individuals manage their assets 🔗 Read more

🍎 Apple has launched an online portal for its Apple Card credit card, allowing account holders to manage their balances, view statements and schedule payments 🔗 Read more

🇰🇼 Report by KPMG Kuwait: POS accounts for 78% of card payments in Kuwait; over the last five years, digital payments (payment gateways) have grown grew ~9X faster in value than POS 🔗 Read more

⛽ 7-Eleven is piloting a loyalty program which enables users to pay for their petrol touch-free with Siri voice commands 🔗 Read more

😷 Deutsche Bank is collaborating with German clothing firms Mey and Weitblick to provide its staff with 90,000 logo-bearing cloth masks 🔗 Read more

🇮🇹 A pair of veteran Italian banking executives has raised EUR45 million and taken the first steps to acquiring a license for a new digital bank for small businesses 🔗 Read more

🇵🇭 As it prepares to list on the Australian Securities Exchange, Singapore-headquartered alternative lender Robocash is looking to raise US$5 million to launch a neobank in the Philippines 🔗 Read more

📬 Burgopak, a packaging design company based in the UK, has released a new range of packaging solutions designed especially for bank, gift and loyalty cards 🔗 Read more

🇮🇩 Amar Bank announced its collaboration with Google Cloud in introducing Senyumku, which they described as a digital-only bank launched in the Cloud 🔗 Read more

🇦🇪 UAE’s Central Bank and Abu Dhabi Global Market to support local and international fintech projects 🔗 Read more

🇧🇷 Credit Suisse secures 35% of modalmais, a digital bank in Brazil 🔗 Read more

🇰🇼 Kuwait’s Boutiqaat looking to raise fresh funds at a valuation of up to $1 billion: report 🔗 Read more

🇧🇪 KBC is to convert 37 branches to self-service only and close an additional 39 outlets following a sharp rise in uptake of remote and digital alternatives during the Covid-19 pandemic 🔗 Read more

🇺🇸 US challenger bank Chime launches Credit Builder, a credit card that works more like debit 🔗 Read more

🇫🇷 Societe Generale is acquiring Shine, a French neobank for entrepreneurs, in a deal rumoured to be worth around EUR100 million 🔗 Read more

🇦🇪 Dubai-based fintech Mamo Pay that recently raised $1.5 million in a seed round has joined Visa’s Fintech Fast Track Program 🔗 Read more

🇦🇺 Zeller, the business fintech founded by ex-Square execs taking on Australia’s big four banks and having raised $6.3 million 🔗 Read more

🇺🇸 A fintech startup Karat targeting creators on digital platforms like YouTube and Twitch has launched its first product, a card that links customers’ credit to their social media numbers 🔗 Read more

🇫🇷 BNP Paribas to distribute fingerprint cards to Premier and Gold customers 🔗 Read more

🇧🇪 ING Belgium has teamed up with Sweden’s Minna Technologies to let the bank’s customers manage their subscription services from within its app 🔗 Read more