June 14, 2019 @ 11:34 am By Samantha Hurst  |  

Russian banking group Tinkoff announced on Thursday the launch of its new product, Oleg. According to Tinkoff, Oleg is a voice assistant for financial and lifestyle-related tasks. The product’s mission is to help users navigate within the Tinkoff platform and make customers’ lives simpler. “Oleg… Read More

June 13, 2019 @ 2:47 pm By Samantha Hurst  |  

Germany-based challenger bank N26 announced on Wednesday it is now offering its banking service to 3.5 million customers worldwide. The company also revealed that it is a global employer with more than 1300 employees across 60 nationalities. “As well as headquarters in Berlin, offices in New… Read More

June 13, 2019 @ 12:53 pm By JD Alois  |  

Digital challenger bank Monzo has crossed the Atlantic and entered the US marketplace. On the same day competitor Revolut announced an expansion into Australia, Monzo announced banking services in the US in a release and a blog post. A signup form is available on the… Read More

June 13, 2019 @ 7:17 am By JD Alois  |  

Digital bank Revolut has traveled half-way around the world to set up operations in Australia with an office in Melbourne. This is the first step by Revolut to provide banking services beyond European borders. According to a release from Revolut, the digital bank is operating… Read More

June 11, 2019 @ 9:48 pm By JD Alois  |  

Digital challenger bank Arival is now accepting reservations for preferred stock on SeedInvest. Arival will be a crypto-friendly bank – unlike most traditional banks in the United States which tend to be crypto-averse. The bank was founded on the notion that banks in many places… Read More

June 9, 2019 @ 4:00 pm By Katie Griffing  |  

3 Fintech Trends to Watch in Latin America Latin America is one of the fastest-growing regions in the world for mobile usage. In fact, the region ranks third for smartphone adoption globally, behind North America and Europe In 2017, the percentage of the Latin American… Read More

June 8, 2019 @ 5:40 pm By JD Alois  |  

Invest Hong Kong Appoints New Head of Fintech King Leung has been appointed Head of Fintech at InvestHK which took effect in early May. Leung will lead a specialist Fintech team with the objective of attracting top innovativeFfintech companies, entrepreneurs, investors, accelerators and R&D institutions… Read More

June 8, 2019 @ 12:38 pm By JD Alois  |  

Goldman Sachs (NYSE:GS) CEO David Salomon reportedly told an audience last week that his company is getting zero credit for its digital bank startup Marcus. “If we were out in Silicon Valley and made 20% of the progress that we’ve made, we would get a… Read More

June 6, 2019 @ 12:00 pm By JD Alois  |  

Banking financial service software provider Synapse has closed on a Series B Funding round led by Andreessen Horowitz (a16z). Synapse raised $33 million in the funding round with participation from existing investors Trinity and Core Innovation Capital. As part of the investment, Angela Strange (General… Read More

June 6, 2019 @ 11:41 am By JD Alois  |  

Last year, in the month of June, with great fanfare JP Morgan Chase announced the launch of a “fully digital banking experience Finn by Chase.” Today, Finn is dead. At the time of the launch, JPM Chase said the new-shiny iOS App would provide a… Read More

June 3, 2019 @ 8:05 am By JD Alois  |  

Digital challenger bank Penta has appointed a new Chief Executive Officer. Marko Wenthin, co-founder of solarisBank, will move into the CEO role joining the management team consisting of Jessica Holzbach, Chief Customer Officer, Luka Ivicevic, Chief of Staff, Lukas Zörner, Chief Product Officer and Matteo Concas,… Read More

May 30, 2019 @ 8:58 am By JD Alois  |  

Long anticipated, digital challenger bank Revolut has added ApplePay to its growing list of services. The option to add a Revolut card to ApplePay is reportedly popping up across Europe. Apparently, Apple Pay is only officially available in the UK and France but according to… Read More

May 24, 2019 @ 12:31 pm By JD Alois  |  

At one time, Loot had all the appearances of a promising young Fintech. Launched in 2014, in January of this year, it was reported that the Royal Bank of Scotland (RBS) had taken a 25% stake in the startup as it prepared to launch a new… Read More

May 23, 2019 @ 11:31 am By JD Alois  |  

Aspiring Fintech Loot has shuttered its doors and gone into administration. According to a statement posted on their website, Loot has hired Henry Anthony Shinners and Adam Henry Stephens of Smith & Williamson LLP to handle the dissolution. The Royal Bank of Scotland (RBS) was… Read More

May 22, 2019 @ 12:41 pm By JD Alois  |  

Fintech Unicorn and stealth bank Transferwise has raised $292 million at a valuation of $3.5 billion. According to multiple reports, Transferwise has doubled its valuation in contrast to its last funding round. The round was said to be over-subscribed. Transferwise last raised capital at a… Read More

May 22, 2019 @ 9:33 am By JD Alois  |  

Challenger bank Tandem has formed a partnership with “social mobility charity,” Brightside, to educate the youth on financial management. According to Tandem, a pilot program has been launched to deliver a program to a North London school to students aged 16 to 18 “offering a… Read More

May 18, 2019 @ 10:43 am By JD Alois  |  

Digital bank Revolut has grand plans to expand its services around the world. Based in the UK, the Fintech now serves over 4 million customers in the European Economic Area (EEA), Switzerland, and Australia. A Fintech Unicorn, Revolut has not been shy about its intent… Read More

May 17, 2019 @ 1:50 am By JD Alois  |  

illimity, a banking start-up listed on Borsa Italiana’s MTA exchange, has formed a partnership with Raisin, Fintech marketplace for online savings and investments in Europe. illiminity is a “new generation Italian bank” formed by the merger between SPAXS and Inter-provincial Bank. It plans to reach… Read More

May 15, 2019 @ 5:51 pm By Samantha Hurst  |  

Tink, a Sweden-based fintech that provides APIs to create next-generation banking services, announced on Wednesday it has join forces with banking group SDC to provide 120 Nordic banks access to account aggregation and payment initiation services. According to Tink, the access will allow the banks to… Read More

May 10, 2019 @ 9:22 am By JD Alois  |  

The Founders Bank has appointed Kenan Altunis as Chief Executive Officer. Altunis was most recently Global Co-Head of the Institutional Client Group within Deutsche Bank’s Corporate and Investment Bank where he was responsible for a multibillion-dollar revenue operation and a team of over 1000 people…. Read More