Tagged: digital bank

November 7, 2026 @ 9:48 am By Omar Faridi  |  

UK-based digital bank Monzo is weighing a new fundraising round that would price the company at approximately £7.5 billion, according to people familiar with the matter. The move follows the breakdown of takeover discussions with Brazilian fintech Nubank and the stalling of separate talks to… Read More

November 5, 2026 @ 5:09 pm By Omar Faridi  |  

London-based digital bank Revolut has solidified its position as Europe’s most valuable private company after completing a secondary share sale that places a $115 billion valuation on the business—a 53 percent jump from the $75 billion figure set in a similar transaction roughly a year… Read More

November 2, 2026 @ 4:14 pm By JD Alois  |  

Digital bank Revolut has expanded into another market, garnering a banking license in New Zealand. The Reserve Bank of New Zealand has registered Revolut as a bank, making it the country’s first digital-only bank. Revolut has operated in New Zealand since 2023. The fintech said… Read More

October 29, 2026 @ 8:31 am By Omar Faridi  |  

Revolut Mexico has begun introducing payroll portability, a feature that enables customers to redirect their salary deposits to the digital bank and treat it as their primary account. The UK-headquartered Fintech firm, which secured a full local banking license and launched operations earlier in 2026,… Read More

October 29, 2026 @ 8:27 am By Omar Faridi  |  

UK’s digital bank Monzo has officially entered the Spanish market, marking its first major expansion onto the European continent outside the UK and Ireland. The London-headquartered fintech, which has grown into one of the UK’s leading neobanks since its founding in 2015, announced the launch… Read More

October 28, 2026 @ 9:11 pm By Omar Faridi  |  

The Bank of England has required an external examination of the procedures Revolut uses to clear new financial products, according to reporting by the Financial Times. The central bank’s Prudential Regulation Authority (PRA) issued a section 166 order earlier this year, shortly after the fintech obtained… Read More

October 26, 2026 @ 9:11 am By Omar Faridi  |  

Sygnum Bank and Debifi introduced MultiSYG on 23 October 2026, a regulated Bitcoin-backed lending product that keeps pledged collateral in a dedicated multi-signature wallet rather than under sole bank custody. Keys for each client’s Bitcoin are shared among the borrower, Sygnum Bank, and independent institutional… Read More

October 25, 2026 @ 3:33 pm By Michael Wong  |  

British fintech Revolut is in active discussions with the Bangko Sentral ng Pilipinas (BSP) about securing a digital banking licence in the country, a senior central bank official said. Lyn I. Javier, BSP deputy governor and head of its Financial Supervision Sector, said talks with… Read More

October 23, 2026 @ 9:23 am By Omar Faridi  |  

SoFi Technologies (NASDAQ: SOFI), the digital financial services company operating as an all-in-one app, announced on October 22, 2026, the debut of SoFi Earn, or SOFIE. The firm describes it as the first tokenized deposit made available to consumers by a nationally chartered U.S. bank…. Read More

October 8, 2026 @ 4:32 pm By Omar Faridi  |  

Revolut spent the past week moving on several fronts at once: compensating customers caught in a data leak, lifting savings rates for smaller euro balances, scouting a banking foothold in the Philippines, losing the executive hired to build commercial property lending, and pressing ahead with… Read More

October 6, 2026 @ 10:58 pm By Omar Faridi  |  

Revolut is focused on its push into Israel by recruiting locally for roles that sit at the heart of a regulated bank, a signal that the British fintech is preparing for more than a light payments presence. Job listings tied to its Israeli operations cover… Read More

October 6, 2026 @ 10:15 am By JD Alois  |  

Erebor Bank, a Columbus, Ohio-based digital bank, reportedly now holds $7 billion in deposits. This is according to a report by the FT. Erebor was approved for a bank charter in February of this year. According to public filings, Erebor held $4.65 billion in total… Read More

October 4, 2026 @ 8:27 pm By Omar Faridi  |  

Anchorage Digital, the US digital asset bank that became the first crypto firm to secure a national trust charter from the Office of the Comptroller of the Currency (OCC) in 2021, has reduced its workforce by 17 percent. Chief executive Nathan McCauley informed staff of… Read More

October 1, 2026 @ 12:51 pm By JD Alois  |  

ZA Bank is one of the first approved digital banks in Hong Kong. This week, the company reported “sustained profitability.” According to a release, for the 6 months ending in June, the bank generated a net profit of HKD 70.6 million (~USD 9million), an increase… Read More

September 28, 2026 @ 2:37 pm By Omar Faridi  |  

Brazil’s digital banking platform Nubank (NYSE: NU) is said to currently be holding early conversations about a possible purchase of UK’s Monzo, a move that would give the Latin American digital lender a ready-made platform in the United Kingdom and a foothold for wider European… Read More

September 28, 2026 @ 8:46 am By Omar Faridi  |  

Revolut has secured a key regulatory milestone in Latin America after Argentina’s central bank approved its purchase of Banco Cetelem Argentina from BNP Paribas Personal Finance. The decision, announced by the London-based fintech on 24 September 2026, allows the company to complete a deal first… Read More

September 28, 2026 @ 12:14 am By Michael Wong  |  

The Bangko Sentral ng Pilipinas (BSP) has set a minimum capital requirement of ₱1 billion (about $16 million) for thrift, rural and cooperative banks that shift to business models similar to digital banks, as the central bank moves to strengthen safeguards around digital transformation in… Read More

September 25, 2026 @ 9:03 am By Omar Faridi  |  

Digital bank Revolut has become entangled in another customer-data scare after a security incident at US brokerage partner DriveWealth. The event is separate from an earlier September episode at Revolut itself. This time, the exposure occurred on DriveWealth’s systems, not inside Revolut’s own infrastructure. DriveWealth… Read More

September 25, 2026 @ 12:12 am By Omar Faridi  |  

Revolut is taking what appears to be a distinctly conservative path on credit even as it builds out a full banking presence in more countries. Rather than following the traditional model of recycling large volumes of customer deposits into loans, the fintech intends to keep… Read More

September 19, 2026 @ 7:43 pm By Omar Faridi  |  

Revolut’s latest expansion push arrives alongside a difficult security episode that the company is still managing. The London-based digital bank said this week that Colombia’s financial supervisor had granted it an operating licence, completing the last regulatory hurdle before it can open as a locally… Read More