Thermic Science Adds Hybrid Banking Platform VIPOnline
Hemp-based health and wellness firm Thermic Science International Corporation, formerly known as Omnicanna Health Solutions, Inc., on Wednesday (Dec. 29) announced it has acquired an international hybrid banking company VIPOnline. Thermic Science is expanding its footprint and launching the International Thermic Banking System as part of the transaction, according to a Yahoo! Finance report. “With this acquisition, it gives an...
Reserve Bank of India’s Acceptance of Digital Rupee Highlights Privacy Concerns
If you look deeper at the news of India’s central bank accepting a “basic” digital rupee as “a safe, robust, and convenient alternative to physical cash,” something jumps out of the “Report on Trends and Progress of Banking in India 2020-21,” released on Tuesday (Dec. 28). Compared with cash, a central bank digital currency would “offer benefits to users in terms of liquidity, scalability, acceptance, ease of...
EDB Banking App Backs 500+ UAE Firms Since September
The Emirates Development Bank said Wednesday (Dec. 29) that since the bank launched its Business Banking App in September, more than 500 United Arab Emirates-based small- to medium-sized businesses (SMBs) and startups have opened accounts within a 48-hour window. EDB’s Business Banking App offers access to a 24/7 secure, convenient, on-the-go digital banking services, according to an Emirates News Agency WAM report. The business...
Bank Independent on How Banks Can Tap an a La Carte Business Banking Model to Engage SMBs
Small- to medium-sized businesses (SMBs) have always found it challenging to quickly meet their financial needs, as legacy financial institutions (FIs) often underserve these firms. The ongoing push toward digitization...
India’s Unconventional COVID-19 Recovery: How Platformization and Digitalisation Can Build an Inclusive Post-Pandemic Economy
Editor’s note: This article is part of NextBillion’s series “Recovery 2021,” which explores how businesses, development initiatives and the communities they serve in low- and middle-income countries are building...
Rho raises $75 million Series B for its one-stop corporate spend and cash management solution
Corporate spend and cash management company Rho today announced that it has raised a $75 million Series B funding round led by Dragoneer Investment Group. Participants included existing investors Inspired Capital, M13...
Fintech Deals to Watch: Growing in the Digital World
Continued frothy growth – and interesting deals – in the fintech market that GonzoBanker mothership Cornerstone Advisors serves. Fintech investing has gained near sport status. Bank CEOs are looking at fintech investment rounds. Mark Cuban is tweeting about Jill Castilla’s fintech efforts with lending system startup Teslar. Any given teenager is checking a fintech app at the skate park. Anyone remember when financial services...
Indonesian FinTech Startup Flip Raises $48M to Accelerate Expansion
FinTech payments startup Flip raised $48 million in a Series B funding round co-led by Sequoia Capital India, Insight Partners, and Insignia Ventures Partners, according to a press release on Wednesday (Dec. 8). The fresh infusion of capital will be used to hasten the company’s growth, reinforce its operations in Indonesia, foster new technology, and broaden its engineering and product teams. This latest investment brings the...
As the Adoption of Digital Finance Accelerates, What More Do Consumers Want From Fintech?
The general consensus towards digital finance is largely positive, as represented in a new study by UnaFinancial. And with the audience satisfaction rate experiencing such a high, it appears that customers are now...