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Why PayPal and its rivals are building investment platforms

Why PayPal and its rivals are building investment platforms
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Fintech as a Service Tech Provider Yimba and BaaS Platform Railsbank to Offer Solutions for Improving Digital Wallet Experience


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Fintech as a Service Tech Provider Yimba and BaaS Platform Railsbank to Offer Solutions for Improving Digital Wallet Experience
Yimba, a FAST (Fintech As a Service Technology) company, and
Railsbank, the global Banking-as-a-Service (BaaS) platform, are teaming up to offer clients with products and services that will improve their digital wallet experience with “the likes of Apple Pay, Samsung Pay, and Google Pay.”
As noted in a release:
“Under a new strategic partnership between the two companies, all customers of Railsbank can benefit from Yimba’s … digital wallet marketing platform.”
Established in 2019, Yimba had created a software platform that supports the accelerated adoption of contactless payments in order to improve the customer experience. It’s supported by CRM and marketing capabilities that are “uniquely delivered via a cloud-based system and integrated directly across the proprietary payment networks,” the announcement ....

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Railsbank Reunites Currencycloud Team to Boost Banking-as-a-Service Platform


Railsbank Reunites Currencycloud Team to Boost Banking-as-a-Service Platform
Railsbank, a Banking-as-a-Service (BaaS) platform, has reunited the
Currencycloud team to boost the growth of their services.
In a release, Railsbank said it has appointed
John Hammond, previously CCO at Currencycloud as its new CCO to drive the platform’s international expansion. Hammond will join his former colleagues
Nigel Verdon (CEO),
Nick Bourner (CTO) and
Dov Marmor (COO, North America) as Railsbank moves forward from 12 months of expanding its footprint.
Railsbank has also acquired certain assets, customers, and people from Wirecard’s UK business before raising $37 million in funding in November to help drive growth. Recently, Railsbank launched in Australia in partnership with local digital bank Volt. ....

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Railsbank welcomes key player Hammond back into the band


Railsbank welcomes key player Hammond back into the band
Railsbank, a leading global Banking-as-a-Service (BaaS) platform, has announced that industry veteran John Hammond has joined the senior team as Chief Commercial Officer (CCO). 
Hammond, the former CCO of Currencycloud, is reuniting with his old colleagues as he steps into his new role at Railsbank. He will join Nigel Verdon (co-founder and CEO), Nick Bourner (Chief Technical Architect), and Dov Marmor (Chief Operating Officer, North America), as Railsbank moves forward from a busy 12 months expanding its international footprint. 
Railsbank acquired certain assets, customers and people from Wirecard’s UK business last year, before raising $37m in funding in November to help drive growth. It has just launched in Australia in partnership with local challenger bank Volt.  ....

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