Tagged: digital bank

Chatter: Transferwise (Wise) Investment Accounts Arriving Later this Year

Last year, it was reported that Transferwise (recently rebranded as Wise) had been approved in the UK to offer investment services for retail accounts. According to the FCA registry, “TIVN” is approved to offer various retail investment services. At that time, it was expected that… Read More

OakNorth Bank Reports £5.6 Million Loan to Convert Vacant Pub and Hotel to Mixed Use

OakNorth Bank says it has completed a £5.6 million loan to convert vacant pub and hotel, Antigallican Hotel, in Charlton into a mixed-use building with 60 studio apartments. The loan was made to Gallican Investments Limited, which is led by the team behind Dandi founded… Read More

Varo Bank Announces Engagement With NBA Player & Entrepreneur Russell Westbrook, Raises $63 Million

  Digital banking group Varo Bank announced on Thursday an extensive engagement with Russell Westbrook, nine-time NBA All-Star, NBA MVP, entrepreneur, philanthropist, and designer. Varo Bank reported that Westbrook is now an investor as well as an advisor.  He will have direct input into the future direction… Read More

Digital Banking Platform Revolut Launches Financial App for Kids in Singapore, Junior Accounts Available for Free

Digital banking platform Revolut has launched a financial app that has been developed specifically for kids. The Fintech app is controlled by the child’s parent or their legal guardian so that they are able to monitor how the tools are being used. This new app… Read More

Digital Banking: Revolut Keeps Rolling out New Features for Business Payments, CEO Storonsky Says Firm to Eventually Conduct US IPO

Digital bank Revolut notes that if you’ve set up a WooCommerce store and are accepting payments with mainstream payment gateways, then you might not be happy with the extra transaction fees. Revolut reveals that it has been working on improving this for users by offering… Read More

Digital Banking: More than 40 Parties Submitted Virtual Banking License Application in Malaysia, Reserve Bank Reveals

During a recently-held online press conference, Bank Negara Malaysia Governor, Datuk Nor Shamsiah Mohd Yunus stated that more than 40 parties have formally expressed their interest with the reserve bank to acquire a digital banking license (by submitting an online application). Malaysia’s virtual banking framework… Read More

Monzo USA Gets New CEO, Former Bank of America Senior VP and Keybank Executive: Report

Monzo, a UK based digital bank that recently raised £50 million as part of a Series G extension, has appointed a new CEO for the United States, according to a report. Monzo has been going through a period of transition as founder Tom Blomfield fully… Read More

Italian Digital Bank illimity Reports €31 Million Net Profit for 2020

illimity, a digital bank that claims the title of the first in Italy, is reporting €31 million in net profit for 2020. In 2019, illimity reported a €16.1 million net loss. Corrado Passera, illimity’s CEO, said illimity has fully met the results for the year… Read More

Nordea Plans: Aiming to Become a Net-Zero Emissions Bank By 2050

  Nordic banking group Nordea recently announced it has updated its plan to fully integrate sustainability into its business strategy with a long-term objective to become a net-zero emissions bank by 2050 at the latest. Nordea revealed in order to become a net-zero emissions bank by 2050, it has… Read More

Digital Commerce: Majority of Online Shoppers in the UK Use Smartphones to Settle Transactions, Juniper Research Reveals

The team at Juniper Research, an analyst house focused on digital technology market research and related Fintech trends, technology data, market sizing, and consulting, notes that e-commerce and financial services have become a key part of many consumers’ lives in a post-COVID world. The Juniper… Read More

Cashplus Approved for Full Banking License

UK-based Fintech Cashplus has received approval to become a regulated bank after operating as an e-money institution for many years. Cashplus has worked for a couple of years to gain the license and has recently indicated it is now authorized by the Prudential Regulation Authority… Read More

Goldman Sachs Partner and Head of Product Adam Dell Leaves Leadership Role on Marcus as Bank Changes Consumer Business Strategy

Goldman Sachs (NYSE:GS) partner Adam Dell has reportedly stepped down from his role as one of the main professionals working on Marcus, the digital-only bank created by the giant Wall Street investment bank. Dell has left the initiative as Goldman Sachs gets ready for a… Read More

B-North Appoints New Director Who is Cabinet Office Executive

​B-North, a digital lender that is in the process of acquiring a full banking license, has appointed Nimisha Patel to its board of directors. Patel is currently the Chief Digital Information Officer at the Cabinet Office, responsible for helping to shape the technology strategy at… Read More

Digital Banking Platform Revolut Rolls Out New Candlesticks for Crypto and Commodities Price Movements, Introduces Group Vault Controls

Elizabeth McGrath from digital bank Revolut notes that the company is rolling out new features such as candlestick charts and Group Vault controls. McGrath confirms that clients will now be able to track crypto and commodities price movements “by the hour” with Revolut’s new candlestick… Read More

Digital Banking Platform Revolut Explains why Cyber Insurance has Become Necessary for Internet Firms with Cyberattacks on the Rise

Public liability, professional indemnity and employers liability are no longer adequate when it comes to protecting your company or business. But there are certain covers available that could secure your company further, according to a blog post published by Revolut. The leading digital banking platform… Read More

UK’s PensionBee, an Online Pension Provider, Now Added by Starling Bank to its Business Marketplace (for Sole Traders)

UK’s PensionBee, an online pension provider, had introduced a new product, allowing self-employed savers to easily set up a pension “from scratch.” Its reportedly an offering that may work quite well for sole traders, which is why Starling Bank confirmed that it has added PensionBee… Read More

Banks Focus on Digital Transformation Strategy in Increasingly Competitive Industry

Last week it was reported that KeyCorp (NYSE:KEY) is planning to introduce a version of its digital banking platform to serve the needs of healthcare workers. The new digital bank solution may be rolled out on March 30, 2021, which is National Doctors’ Day. The… Read More

National Australia Bank Set to Acquire 86 400 to Accelerate UBank Growth

National Australia Bank Limited (NAB) announced on Friday it has entered into a scheme implementation agreement to acquire 100% of the shares in 86 400 Holdings Ltd, the holding company of Australian neobank, 86 400. According to NAB, the acquisition is to help accelerate UBank’s… Read More

JP Morgan to Launch Digital Bank in the UK

The digital banking sector will get a bit more crowded in the UK following the news that JP Morgan (NYSE:JPM) is planning to launch a digital bank in the country. JP Morgan will follow in the footsteps of Marcus, created by Goldman Sachs, entering the… Read More

Digital Bank Zopa Adds New Feature: Energy Switching and Comparison Service

Digital bank Zopa continues to add new features and services seeking to boost its allure for new and existing consumers. Today, Zopa has announced a new feature that allows its users to compare energy services to lower their monthly cost. Zopa has teamed up with Decision… Read More

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