Tagged: banking

September 4, 2025 @ 8:49 am By Omar Faridi  |  

Digital bank Revolut is laying the groundwork for a significant secondary share sale, enabling its employees to cash in on their equity at a staggering $75 billion valuation. This move marks another milestone in the company’s journey to solidify its position as one of Europe’s… Read More

September 4, 2025 @ 8:40 am By Omar Faridi  |  

A group of Fintech professionals, known for their roles in ventures like Monzo, Starling, and Nutmeg, is reportedly joining forces to create a new bank tailored specifically for high-net-worth individuals (HNWIs). The initiative, tentatively named “Project Arnaud,” aims to redefine private banking by addressing the… Read More

September 3, 2025 @ 8:44 am By Omar Faridi  |  

Sygnum, a digital asset banking group, announces the expansion of its Asset Management offerings to Germany and Liechtenstein. The expansion aims to enable institutional and wholesale investors in these markets to access “selected parts of Sygnum’s crypto investment solutions.” This market entry follows Sygnum’s registration… Read More

September 2, 2025 @ 5:33 pm By JD Alois  |  

Solowin (NASDAQ: SWIN), a Hong Kong-based financial services firm that is in the digital asset sector, says it will gain a US banking license via the acquisition of an unnamed chartered bank. Solowin says that it is in “advanced stages” of the acquisition, adding that… Read More

September 2, 2025 @ 9:48 am By JD Alois  |  

Zopa Group, a digital bank, has acquired payments platform Rvvup in a move that is expected to 3X its  embedded finance business in two years. The acquisition is predicted to boost its point of sale credit services supporting all payment options. The acquisition is Zopa’s… Read More

August 27, 2025 @ 12:00 pm By JD Alois  |  

Financial services, including Fintechs, are investing in artificial intelligence (AI) at a rapid pace. Consumers and businesses are already benefitting from the new technology, which can automate more services while improving products. For banks, it is not just about saving money; it is about maintaining… Read More

August 25, 2025 @ 9:30 am By JD Alois  |  

Old Glory Bank, a conservative affiliated financial institution, is raising growth capital online under the Reg A+ exemption, which opens up the sale of securities to non-accredited investors. Old Glory Bank, based in Oklahoma but offering digital banking services nationwide, is described as “pro-American” and… Read More

August 23, 2025 @ 8:05 am By Omar Faridi  |  

In a key development for the cryptocurrency industry, the Office of the Comptroller of the Currency (OCC) has lifted a consent order imposed on Anchorage Digital in 2022, marking a pivotal moment for the only crypto firm holding a national bank charter. Anchorage Digital has… Read More

August 22, 2025 @ 12:32 pm By JD Alois  |  

Bank branches are quickly becoming a thing of the past. Think floppy disks and fax machines. Consumers manage their financial existence on their smartphones. And they prefer it over queuing up for a teller. At the same time, there remains a segment of the community… Read More

August 21, 2025 @ 1:51 am By Omar Faridi  |  

Starling Group has entered into an agreement to acquire Ember, a UK based Fintech company. Ember’s tax and bookkeeping software will be “built into Starling Bank’s app and online bank, providing small business owners with an all-in-one solution to manage their finances, from bank transactions… Read More

August 20, 2025 @ 12:51 pm By JD Alois  |  

Valentin Stalf, co-founder of European digital bank N26, has exited the Chief Executive role at the banking firm following rumors of an executive shake-up. N26 was founded in 2013 and has grown into a digital bank operating across Europe, employing over 1500 individuals. Recently, N26… Read More

August 20, 2025 @ 2:49 am By Omar Faridi  |  

In a move to diversify its existing product offerings, UK’s digital bank Monzo is preparing to enter the telecommunications sector by launching its own mobile phone service. This expansion, reported by the Financial Times, positions Monzo alongside other fintechs like Revolut and Klarna, who are… Read More

August 19, 2025 @ 8:13 am By Omar Faridi  |  

Coop Norge SA has selected Knowit and Mambu to implement a new core banking system to manage member deposits. The new solution, powered by Mambu’s cloud-native core banking platform and “integrated into Coop’s infrastructure by Knowit, will modernise and streamline the management of millions of… Read More

August 15, 2025 @ 7:38 am By Omar Faridi  |  

Cloud banking platform Mambu announced that OYAK ANKER Bank GmbH has completed a full-stack modernisation and migration of its core banking systems to the Mambu platform, making it one of Germany’s digital transformation projects, spearheaded by Innovance. This initiative has replaced all of the bank’s… Read More

August 15, 2025 @ 7:20 am By Omar Faridi  |  

Tuum, the core banking provider, has been selected by Oliver Business Development (OBD) Holding to power its newly licensed e-banking services in the MEA region called Uptex Bank. The partnership marks Tuum’s first customer in the Middle East and reinforces its strategy to “support financial… Read More

August 13, 2025 @ 9:04 am By JD Alois  |  

Global bank Santander shared its vision yesterday of becoming an AI-native bank, partnering with OpenAI to achieve this goal. In a blog post, Santander Chief Data & AI Officer Ricardo Martín Manjón explained that they seek to reshape banking by modernizing operations, providing a personalized, agile, and efficient banking… Read More

August 12, 2025 @ 7:50 am By JD Alois  |  

ClearBank, a digital bank based in the Netherlands and authorized by the European Central Bank (ECB), has partnered with UK-based Algbra, a Fintech regulated by the UK Financial Conduct Authority (FCA). ClearBank is already authorized by the Prudential Regulation Authority and regulated by the FCA… Read More

August 8, 2025 @ 12:39 am By Omar Faridi  |  

Following the conclusion of a formal audit tender process, Revolut Group Holdings Ltd has announced the appointment of Ernst & Young LLP (EY) as the Company’s Global Auditor, “effective for the financial year ending 31 December 2026.” A decision was made to commence a formal… Read More

August 7, 2025 @ 4:40 am By Omar Faridi  |  

In a report released by TRM Labs, titled Shadow Bankers: Illicit Actors in Crypto Networks, the blockchain analytics firm delves into the clandestine world of cryptocurrency-enabled financial crime. The document provides a comprehensive analysis of how illicit actors exploit decentralized finance (DeFi), centralized exchanges, and… Read More

August 5, 2025 @ 9:50 am By JD Alois  |  

Following its merger with Auto Club Trust, FSB, Grasshopper has announced $46.6 million funding round. Grasshopper is a federally chartered digital bank that targets small business customers. Its services include the full range of expected business banking services plus offers embedded banking and banking as… Read More