Tag: Banking

Backbase is a leader in digital first, omni-channel banking platform and creator of the Backbase Digital-First Banking Platform, a state-of-the-art digital banking software solution that unifies data and functionality from traditional core systems and new fintech players into a seamless, digital customer experience. As they grew, they found that they needed a way to keep resourcing costs low. Here’s how they leveraged Amazon EC2 hibernation to do it.

Wellstreet, the tech innovation ecosystem, and investment group announced it was launching the Wellstreet Fintech Loft in collaboration with AWS.

Earlier this year, several large financial institutions, including Wells Fargo, Capital One, and the Department of Housing and Urban Development, revealed they had been hit by massive data breaches.

Fintech startup Extend is a digital credit card distribution platform and mobile app that allows enterprises to distribute virtual credit card numbers. Co-founder and CTO Danny Morrow and software architect Ian Enders sat down to explain.

Fintech startup Clearbanc’s co-founder and CEO Andrew D’Souza shares how the Toronto-based company hopes to make growth capital more accessible to founders, who Clearbanc’s customers are, and how the business model works. 

Over the past decade, a host of fintech startups have popped up around the world, looking to both capitalize on existing business and bring investing ability to new markets. Bambu, a Singapore-based company that has built a robo-advising platform, is focused on the latter.

Hackathons challenge us to question our norms and assumptions, as well encourage us to break boundaries and change the status quo. That is why DBS Bank, a Singapore-based multinational bank, has been running and sponsoring over 50 hackathons across Asia over the past five years, bringing together the brightest minds to brainstorm new banking solutions for modern-day problems.

Founded in Berlin in 2016, Elinvar offers an e-commerce model that combines business to business (B2B) and business to consumer (B2C).

As some economies develop, small businesses that also develop and grow can sometimes be left out in the rain when searching for capital. Banks frequently look for collateral to be posted with loans, which can be difficult for smaller companies. This gap in offering is exactly where many startups are flourishing via assessing companies credit statuses through atypical methods or data, and providing financing to the previously underserved. Konfío, a fintech startup founded in 2013, does just that for micro-businesses throughout Latin America.

For OakNorth, tech and banking truly go hand-in-hand. Its data and technology platform, OakNorth Analytical Intelligence (ONAI), allows it to do balance sheet lending via OakNorth Bank in the UK, profitably originating over £2 billion without a single default or late payment since its launch in September 2015.