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🚀 Griffin Bank: Spearheading the Future of BaaS with a Fresh Banking License 🏦 Griffin Bank, a U.K.-based API-driven BaaS platform, has made headlines by securing a banking license from the U.K.'s financial services regulators. This milestone achieved roughly a year after starting the application process, signals a significant leap forward in offering comprehensive fintech solutions, distinguishing itself from competitors like Revolut. Griffin's focus on providing a #fullstack platform for banking, payments, and wealth solutions through automated compliance emphasizes its strategic choice to serve businesses seeking to integrate financial services rather than direct consumer banking. 🌐💡 With a total raise of around $52 million since its inception, backed by notable investors, Griffin is positioned to transform the banking and fintech landscape. The founders' vision of leveraging deep tech expertise to navigate a historically tech-averse U.K. banking industry aligns with the broader movement towards embedded finance, promising to enhance customer value and open new revenue streams for companies outside the financial sector. 💼🔍 As we observe Griffin's journey, it's evident that their approach to #BaaS, focusing on enabling businesses to offer embedded financial services, reflects a nuanced understanding of the sector's needs. Griffin Bank's trajectory offers valuable insights into the potential of BaaS to reshape financial services, underscoring the importance of technological innovation and strategic partnerships in driving the industry forward. 🤝 At Paynovate, Griffin Bank's innovative strides serve as a beacon of inspiration. Their journey underscores the transformative power of BaaS and the strategic importance of automation in compliance and ledger integration #BankingAsAService #FintechInnovation #GriffinBank #EmbeddedFinance #FinancialTechnology https://tcrn.ch/43jbkwr

Exciting developments in the #fintech space with UK-based Griffin an API-driven banking-as-a-service (BaaS) platform, obtaining a banking license only one year after starting the application process! 🏦 As BaaS continues to evolve, we're left wondering: could New Zealand be next on the horizon for this innovative banking model? What are your thoughts on the future of BaaS in NZ?   #bankinginnovation #fintech #baasnz

Zūm Rails Reveals Bank-Like Ambitions as Fintech Forges Next Product: Zūm Rails is working on perhaps its most ambitious product yet. The Montreal-born financial technology firm, known for merging open banking and payments so businesses can use whichever rails they want, today announced the development of a Banking-as-a-Service project. The forthcoming offering will enable companies to offer a suite of bank-like services directly to customers […] The post Zūm Rails Reveals Bank-Like Ambitions as Fintech Forges Next Product appeared first on Fintech.ca. --- Zūm Rails Reveals Bank-Like Ambitions as Fintech Forges Next Product was first posted on June 4, 2024 at 9:00 am. ©2022 "Fintech.ca". Use of this feed is for personal non-commercial use only. If you are not reading this article in your feed reader, then the site is guilty of copyright infringement. Please contact me at rob@kitsilano.ca #Featured #News

Are you ready to leap into the future of banking?! 💰🚀 Traditional banking systems are being disrupted by innovative #fintech companies like Konduit. Founded by Nish Krishna, this formidable startup has developed a no-code fintech infrastructure that is pioneering the way for financial institutions. Konduit creates an efficient ecosystem that allows banks to onboard and adopt third-party fintech solutions with ease. Real-time pre-qualified rates for consumer loans can be delivered at a fraction of the cost, revolutionizing the financial services industry! Will companies like Konduit make coding obsolete in the banking sector? Are no-code fintech infrastructures really our future? Let's dive deeper into this intriguing subject. https://lnkd.in/e2afHhqB Dive into the future of #DigitalBanking with us! #Banking #Fintech #Innovation #Disruption #NoCode #Finance #Startup Konduit Nish Krishna LinkedIn page of the startup: https://lnkd.in/eUKWat45

Brex Launches New Digital Banking* Products for Startups “Henrique and I started Brex after moving from Brazil to the Bay Area and seeing firsthand the uphill financial battle founders face. Traditional banking is too slow, and even ‘founder-friendly’ neobanks still charge hidden fees and lack global support,” said Pedro Franceschi , co-Founder and CEO of Brex. “Access to banking and cash is one of the most critical factors for startup success, and we’re proud to be expanding our digital Banking capabilities to support founders from inception to IPO.” https://lnkd.in/eM5QmGMZ Jason Mok #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

Finovate Global Germany: Investing in Embedded Finance, Open Banking in Payments, N26 in France This week’s edition of Finovate Global features the latest fintech news from Germany, where investors are backing innovation in embedded finance and open banking in payments. The highlight of the roundup is the expansion of N26, the mobile bank, into the French market. As we dig into the news, it's clear that this isn't just another tech update. It signifies a shift in the finance industry as more players are drawn towards disruptive technologies. Germany’s fintech scene is ripe for development - and investors are seizing the opportunity. What's more, the spotlight on N26's growth in France signals an escalating demand for mobile banking. Digital banking is no longer a future plan, it's today's necessity. So, let's delve into this new wave of innovative finance. The potential for transformation is enormous. Let's explore more at Finovate Global. https://lnkd.in/dVsVsxmH

🚀 Discover how the innovation of Personal Finance is being reimagined through Open Banking Solutions with our latest article: “Are Open Banking Solutions the New Face of Personal Finance Innovation?” 💡 Meet OptioPay Group (now Clink), a thriving Berlin-based startup that serves businesses from varied industries with an all-in-one open banking solution, offering customers value-added products for their banking data. Founded by the dynamic duo of Marcus Börner and Oliver Oster, OptioPay’s mission is to advance financial services by putting customers at the heart of its services and ensuring exclusive rewards for sharing their bank account data. Find out how this trailblazer is revolutionizing the fintech scene, leveraging big names in banking like Comdirect Bank, Sparkasse, Commerzbank, and more, to revolutionize consumers' relationship with their personal finance! Read the full story here: https://lnkd.in/eeu7Gyi8 #Startups #Fintech #Innovation #OpenBanking #OptioPay #PersonalFinance #EUStartupNews #FinanceTech #BankingRevolution

Could low code be the answer? ⚙️ Icon Solutions and Celent have teamed up to release a brand new report that sheds light on the immense potential of low code technology in payments processing. Our latest editorial provides a detailed insight into the landscape surrounding this report and the findings within. 📝 It has everything you need to know about the burgeoning low code market, and the challenges and constraints that banks are fighting to overcome. The report surveyed senior executives from Tier 1 banks across Europe and North America, and unveils the shifting perceptions surrounding low code. 🏦 Discover how leveraging low code tools empowers banks to streamline operations while safeguarding intellectual property. Read on to find out more. 🧐 https://lnkd.in/gZvyY3kf #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

Fintech startup Skript is making business data easily accessible via Open Banking (CDR) #startups #startupnews #australianfintech #fintech #fintechnews #finance #technology #financialtechnology #CDR #OpenBanking #data

🚀 Excited to join Zūm Rails as the Head of Open Banking/Banking as a Service🚀 The fintech landscape is rapidly evolving, and the opportunity to lead the charge in launching North America's first AI-powered BaaS platform is truly exhilarating. Our goal is to empower businesses to offer comprehensive bank-like services directly to their customers, enhancing the customer experience and driving revenue growth. A huge shoutout to marc milewski Miles Schwartz and the incredible team at Zūm Rails for their relentless innovation and accomplishments. Over the past five years, you've proven that companies can leverage instant payments without waiting for regulatory infrastructure. Now, we’re set to do the same with Open Banking services. "The only way to do great work is to love what you do." - Steve Jobs Together, let’s harness the power of AI and open banking to create unparalleled solutions for our clients. Here’s to breaking new ground and setting new benchmarks in the industry! 💪🌟 #Fintech #Innovation #BankingAsAService #OpenBanking #AI #ZumRails #ExcitingTimes