Tagged: bank

Brazil’s Nubank Introduces Nu Selic Simples with Focus on National Treasury Bonds

Nubank (NYSE:NU), which claims to be one of the world’s largest digital financial services platforms, announces its newest product developed by Nu Asset: Nu Selic Simples. With a majority allocation in post-fixed public bonds from the National Treasury (LFTs – Financial Letters of the Treasury),… Read More

Singapore: OCBC to Discontinue Pay Anyone App in October

Singapore multinational banking and financial services firm OCBC has announced that the OCBC Pay Anyone app will be retired in October, with the exact date to be confirmed soon. This is part of OCBC’s commitment to offer an enhanced app experience by integrating the features… Read More

Central Bank of UAE Launches Financial Infrastructure Initiative to Accelerate Digital Transformation

In line with the vision of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of the Presidential Court, and Chairman of the Central Bank of the UAE’s (CBUAE) Board of Directors, the CBUAE launched its Financial Infrastructure Transformation Program (FIT program)… Read More

UK Competition and Markets Authority Tells Monzo to Follow Banking Rules

Monzo, a leading digital bank, has been ordered by the UK Competition and Markets Authority (CMA) to manage its departing customers better. According to a statement by the CMA, Monzo must review how it communicates with exiting customers regarding historic financial transactions. Apparently, Monzo informed… Read More

Challenger OakNorth Bank Provides Loan for Major Development

OakNorth Bank, launched in 2015 aiming to provide access to capital for the “missing middle,”  has provided a £900K facility to redevelop an existing major mixed-use scheme in Rock, Cornwall being developed by SWPG Rock Limited. Founded in May 2020, SWPG Rock Limited, is owned… Read More

Zopa’s Savings Account Tops £100 Million in Just Over 2 Months

Zopa’s “Smart Saver” savings account feature has topped £115 million in 65 days, according to a note from the Fintech. Currently, savers earn 1.455% interest (AER) on these accounts. Zopa’s goal is to create a £225 billion “zombie money” sitting idle in UK current accounts… Read More

Atom Bank Plans IPO in 2023

Atom Bank, a digital bank minus any physical branches, is planning to pursue an initial public offering (IPO) in 2023, according to the company. Atom recently completed a £75 million funding round valued at £435 million. The funding was led by BBVA who acquired a… Read More

FV Bank New API to Boost Client Automation, Integration Capabilities

FV Bank, a U.S. licensed global digital bank offering a vertically-integrated suite of traditional and digital asset banking and custody services to Fintech and blockchain firms, has introduced its first application programming interface (API) to advance bank automation and integration for its clients’ operations. FV… Read More

MAS Punishes DBS Bank After 2021 Digital Banking Outage

The Monetary Authority of Singapore(MAS) has laid the hammer down on DBS Bank after its digital banking services were widely unavailable for three days toward the end of last November. In a public statement, the Monetary Authority of Singapore said it has imposed an additional… Read More

Vast Bank and Bitcoin Latinum Announce Partnership

Vast Bank, a closely held chartered bank, and Bitcoin Latinum have announced a partnership that will “focus on opportunities for collaboration, deal flow, and integration among Vast Bank, Bitcoin Latinum, and Monsoon Blockchain Corporation (Bitcoin Latinum’s lead developer) all through the support of Bitcoin Latinum… Read More

Warburg Pincus Invests $75 Million in Personetics, an AI Firm Providing Proactive Engagement for Financial Services

Warburg Pincus LLC has invested $75 million into Personetics, an artificial intelligence (AI) firm providing proactive engagement for banks and other financial services firms. Terms of the investment were not disclosed. Personetics has created an AI software platform for global banks. The service is currently… Read More

Nubank: A LatAm Fintech Valued at $10 Billion and Growing Fast

Last week during LendIt Fintech’s LatAm virtual event, David Velez, founder and CEO Nubank, took to the screen to share some of his experiences in launching a digital bank in Latin America that has now emerged as a hugely successful Fintech. In 2013 following years… Read More

Starling Bank Adds Dinghy Insurance, SumUp to Marketplace

Starling Bank, a digital bank that has built a substantial third party platform to offer a buffet of applications to its users, has added two new digital services to its marketplace. Starling states that both SumUP and Dinghy Insurance are now available for business customers…. Read More

Bahrain’s Bank ABC Launches “ila” Bank, as Institution Prepares to Enter Digital, Mobile-Only Banking

Bank ABC revealed on November 24 that it has introduced “ila” Bank, as the institution prepares to enter the digital, mobile-only banking sector, beginning with the Middle Eastern country of Bahrain. The initiative’s roadmap involves promoting the new platform across the Middle East and North… Read More

UK Digital Bank Monese Milestone: Hits 500,000 Sign Ups

Digital challenger bank Monese has successfully attracted 500,000 sign-ups to its banking platform. Founded in 2013, Monese is licensed and regulated by the UK Financial Conduct Authority (FCA). It describes itself as an award-winning banking account that users can open instantly on their phones. The company claims… Read More

N26 Update: Challenger Digital Bank Now Has 500,000 Customers (Infographic)

Challenger digital bank, N26, announced this week it now has 500,000 customers. Founded in 2013 by Valentin Stalf and Maximilian Tayenthal, N26 claims to be Europe’s first mobile bank with a full European banking license and it has redesigned banking for the smartphone by making it… Read More

Monzo Announcement: Banking License Restrictions Have Been Lifted

Monzo announced on Wednesday all of its restrictions have officially been lifted and it is now a fully licensed bank. This news comes just the company raised nearly £2.4 million from close to 6,200 investors during its latest Crowdcube funding round. As previously reported, Monzo raised funding on Crowdcube in March 2016…. Read More

Mondo Set to Announce New Name Next Thursday

Crowdcube #FundedClub member, Mondo, may have officially picked its new name! Earlier this summer, the company announced plans to rebrand after “an undisclosed company with a similar name” was challenging them. Mondo previously stated: “It can be painful to change the name of a product, but… Read More

Brief: Lloyds Grows Fintech Presence With New Position For ‘Head Of Fintech Discovery’

It seems that British banking and retail leader Lloyds has continued turning toward the sun and is receiving excellent care–the industry favorite is growing its fintech presence. Lloyds recently announced a new position at the company, head of fintech discovery, and has recruited Han Veldwijk, who formerly held a… Read More

Arboribus’ Josep Nebot Writes in P2P-Banking: Spain Ripe for Successful P2P/P2B Lending

This morning, P2P-Banking.com guest writer Josep Nebot, Co-founder and Representative Director of the P2P lending platform Arboribus writes about the current situation of P2P lending in Spain. Before founding Arboribus, Nebot worked as a lawyer and an International Cooperation for Development business consultant in Spain and South America. In… Read More

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