Tagged: banking

August 18, 2019 @ 2:45 pm By Aubrey Hansen  |  

As 2019 moves into its third quarter, the once burgeoning industry of digital banking is starting to make serious waves in the financial world – and investors are taking notice. Big players like Monzo, Starling, N26, Revolut, and EQIBank have recently completed massive funding rounds… Read More

August 18, 2019 @ 8:07 am By Cali Haan  |  

Coinbase, a large, US-based cryptocurrency trading platform, experienced a shake up of its UK banking services this week. On Wednesday, an anonymous “rBitcoin” forum participant on Reddit posted that (Banco) Santander was refusing to deposit money to the individuals’ Coinbase UK account, probably because of… Read More

August 17, 2019 @ 12:05 pm By Xu Gao  |  

Tencent-backed WeBank Fined ¥2 million for multiple violations WeBank, China’s first internet bank, was fined for ¥2 million for multiple violations against Law of the People’s Republic of China on Commercial Banks. In an inspection last year, the Shenzhen branch of the China Banking and… Read More

August 14, 2019 @ 7:01 pm By JD Alois  |  

Digital bank Revolut has integrated Xero, an SME accounting platform, to facilitate seamless business expense reporting. The Revolut for Business app has also been updated for team members to upload receipts and add expense information, according to a release from the company The new “Expense… Read More

August 13, 2019 @ 8:11 am By JD Alois  |  

Challenger bank Tandem has announced the impending launch of a new “crowd-designed” mortgage product for UK consumers.  In a release, Tandem said it plans to offer competitive mortgages to first-time buyers and “property ladder hopefuls” based on a range of financial data points. Tandem said… Read More

August 10, 2019 @ 4:51 pm By JD Alois  |  

SME Peer to peer lending platform Growth Street has joined digital bank Starling Bank‘s marketplace, according to a blog post. Excited to announce that GrowthLine is now available on the #Starling Marketplace! It means your business can apply for and manage your GrowthLine all from… Read More

August 8, 2019 @ 7:42 am By Samantha Hurst  |  

Australia-based global payments provider Verrency announced on Thursday it has teamed up with currency payments provider Coinify to enable banks to securely offer customers the ability to use virtual currency for payments at any merchant around the global. Verrency reported that the partnership will allow… Read More

August 7, 2019 @ 1:51 pm By Samantha Hurst  |  

Denmark banking group Saxo Bank announced this week it has acquired BinckBank, a bank for online investors that is based in the Netherlands. According to the duo, the acquisition of BinckBank marks an important milestone for the Saxo Bank Group that now services approximately 860,000… Read More

August 7, 2019 @ 1:30 pm By JD Alois  |  

Shares in LendingClub (NYSE:LC) are rising during another down market day as the trade war with China has no end in sight and political tempers flare. Shares are currently trading over 10% higher following yesterday’s Q2 earnings report where LendingClub said it expected to finally… Read More

August 7, 2019 @ 12:14 pm By JD Alois  |  

Digital-only bank N26 has opened up its platform to US customers and is sending out invites to download the App and receive an N26 card now. N26, based in Germany, is one of a group of European digital banks crossing the Atlantic to provide services… Read More

August 6, 2019 @ 9:22 pm By JD Alois  |  

According to a recent survey, in Singapore digital banking has some pent up demand. JD Power has published a brief retail banking satisfaction study and, according to their numbers, 65% of consumers are interested in opening digital bank accounts. This is an increase from the… Read More

August 6, 2019 @ 4:55 pm By JD Alois  |  

LendingClub (NYSE: LC), an online lending platform for both borrowers and investors, has posted second-quarter results. While still generating a loss, LendingClub said it was on track to be net income profitable (Adjusted) by Q3. LendingClub took years to originate its first $1 billion. Today,… Read More

August 6, 2019 @ 8:07 am By JD Alois  |  

FinecoBank, a more traditional bank that is seeking to burnish its Fintech credibility, has added the Canadian Stock Exchange to its options for investors. According to a release, traders and investors can now access an additional 250 shares and over 600 ETFs available on the… Read More

August 5, 2019 @ 9:45 am By JD Alois  |  

Starling Bank CEO and Founder Anne Boden recently published an open letter updating both investors, users and prospectie customers on the progress on the digital only challenger bank. Boden said the bank has now topped 775,000 accounts in total: 695,000 retail current accounts, 59,000 business… Read More

August 3, 2019 @ 12:10 pm By Xu Gao  |  

People’s Bank of China Publishes Trial Regulatory Measures on Financial Holding Companies On July 26th, the People’s Bank of China (PBC) published the Trial Measures on Supervision and Regulation of Financial Holding Companies (Exposure Draft) (hereinafter referred to as the Measures) and sought for feedback… Read More

August 2, 2019 @ 8:33 am By JD Alois  |  

Fintech startup Aximetria GmbH has become a member of the Swiss Financial Services Standards Association (Verein zur Qualitätssicherung von Finanzdienstleistungen or VQF) in a step towards providing financial services in Switzerland. VQF is a Self Regulatory Organization (SRO) and is officially recognized by the Swiss… Read More

August 1, 2019 @ 11:05 am By JD Alois  |  

Digital bank Revolut is now offering commission-free stock trading service. Revolut has indicated its intent to offer a brokerage service in the past. The Fintech is now allowing Revolut Metal customers first access with access to all customers being rolled out in the coming weeks…. Read More

July 31, 2019 @ 2:40 pm By Samantha Hurst  |  

German blockchain banking group Bitwala announced on Wednesday it secured €13 million through its Series A funding round, which was led by Sony Financial Ventures and NKB Group. As previously reported, Bitwala’s mission is to empower people to exchange ideas. The company recently secured €4… Read More

July 29, 2019 @ 8:11 am By JD Alois  |  

Digital-only challenger bank Starling Bank has partnered with SumUp, a mobile point of sale Fintech, to provide small merchants with access to faster settlements. Starling Bank has created not only a digital bank offering but a digital marketplace where both businesses and individuals may access… Read More

July 28, 2019 @ 6:00 pm By Andrés Abumohor  |  

B2B: 3 Opportunities for Fintech in Latin America Latin America’s Fintech industry is booming, with more than 1,166 Fintech startups creating more inclusive financial systems and boosting economic growth in the region. According to the recently published report Fintech in Latin America 2018: Growth and… Read More