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Piermont Bank banks is partnering with Unit, the banking-as-a-service startup that empowers companies to embed financial services into their products.

The partnership allows the two banking-as-a-service (BaaS) leaders to join forces and further expand their offering and product capabilities to make it easier and faster for #fintechs to embed banking products.

#banking #financialservices #banks #bankingasaservice #api
Klarna introduces its own open banking platform Klarna Kosma.

Klarna Kosma offers financial institutions, #fintechs and merchants with the essential connectivity “to build the next generation of #fintech apps and services by providing simple and secure access to 15,000 banks in 24 countries around the world through a single API.”

Klarna Kosma has been in the works for the last 6 years.

#banks #banking #openbanking #bankingasaservice #baas
Finastra and Visa have partnered to develop a new banking-as-a-service (#BaaS) offering that will enable banks and financial institutions to offer faster cross-border payouts in multiple currencies and countries.

The service will add new functionality to Finastra’s Payments Hub and implement Visa Direct, which provides access to more than two billion accounts through push to account offerings.

#banking #payments #banks #bankingasaservice #finastra #visa #fintechnews
Lumin Digital announced today that Tennessee-based UT Federal Credit Union (UTFCU) has signed a multi-year agreement for Lumin Digital's cloud-based online and mobile digital banking platform. Lumin will support UTFCU's more than $460 million in assets and 26,000 plus members when the platform is launched in May 2023.

#digital #cloud #digitalbanking #fintech #bankingasaservice