PYMNTS
JULY 10, 2020
The nCino Bank operating system is a single, multi-tenant cloud platform that digitizes client onboarding, loan origination and deposit account opening across commercial, small business and retail lines of business. Its stock would be listed on the NASDAQ Global Select Market under the “NCNO” ticker symbol.
PYMNTS
SEPTEMBER 11, 2017
The brick-and-mortar Square operation is slated to offer loans and also traditional deposit accounts to small businesses (SMBs). The expanded markets come as Vocalink, acquired earlier in 2017, boosts presence across faster ACH payments. Mastercard also saw its stock rise for the week, by 3.5
PYMNTS
OCTOBER 15, 2018
Earlier this year, Virgin Money introduced enhanced SMB services, including its small business deposit account; the merger will continue that effort to enhance digital banking for the small business community. CYBG first announced in May that it had reached an agreement to acquire Virgin Money.
Fintech News
APRIL 16, 2024
In the initial stage, the open data service will be offered in the financial sector, starting with deposit account data and moving on to lending services, Wipawin told the Bangkok Post in November 2023. The BOT expects initial use cases under the new policy to be implemented in 2025.
PYMNTS
JUNE 10, 2019
Such cross-pollination may mean that a FinTech wants to be able to issue a prepaid card, or is eyeing the ability to create direct deposit accounts down the line. “When push comes to shove, these parties are left having to assemble a lot of capabilities from a whole spectrum of the ecosystem.”.
Stax
DECEMBER 20, 2023
TL;DR Merchant underwriting is the risk level assessment process an acquiring bank carries out on every new merchant before they grant them a merchant account. The bank assumes the risk on behalf of the business and needs to make sure that they screen new businesses before handing out merchant accounts.
Finovate
MARCH 11, 2024
Our FIs have told us that their customers are searching for ways to have more security, including wanting to know how they can limit their risk of exposure and how to structure their accounts for FDIC limits.
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