Tagged: digital bank

June 7, 2026 @ 3:58 pm By Michael Wong  |  

Bangladesh-based AB Bank PLC has launched the pilot phase of a new digital lending platform that uses artificial intelligence to automate loan approvals and disbursements, underscoring the growing adoption of AI-powered financial services across emerging markets. The bank said its new service, called “AB e-Loan,”… Read More

June 6, 2026 @ 11:16 am By Omar Faridi  |  

Nu Holdings Ltd., the parent company of Brazil and LatAm’s digital bank Nubank (NYSE: NU), has recently introduced a new capital return strategy. On June 4, 2026, the fintech company’s board of directors greenlit a share repurchase program worth up to $1 billion for its Class… Read More

June 5, 2026 @ 11:22 pm By Omar Faridi  |  

UK-based digital banking provider Monzo is preparing to enter the mobile telecommunications sector with the introduction of its own phone service later this year. The move from the UK headquartered digital bank now represents a strategic effort to deepen overall customer engagement as well as… Read More

June 5, 2026 @ 4:49 pm By JD Alois  |  

Revolut is predicted to gain a federal bank charter in the US  in the coming months, with a launch next year. Reuters notes that Revolut will offer FDIC-insured accounts and the full stack of digital banking services. Add to this, services like stablecoins, and probably… Read More

June 1, 2026 @ 7:07 am By Michael Wong  |  

Ascend Bank, the virtual bank backed by Charoen Pokphand Group, is expected to debut in July, CP Group senior vice-chairman Suphachai Chearavanont said. The planned launch comes after rival Clicx Bank announced earlier this week it plans to launch its mobile app on June 19,… Read More

May 28, 2026 @ 1:10 pm By Omar Faridi  |  

McKinsey& Company has recently examined the growth of neobanks and various Fintech challengers. The report from McKinsey spotlights the growth and profitability of neobanking platforms. The latest Global Banking Annual Review from McKinsey & Company draws attention to a clear shift underway in financial services…. Read More

May 26, 2026 @ 10:52 am By JD Alois  |  

Digital bank Revolut wants to become a federally chartered bank in the US. The successful UK-based Fintech is already approved to provide banking services in the EU. Revolut Bank UAB is licensed by the European Central Bank (ECB) and regulated by the Bank of Lithuania…. Read More

May 23, 2026 @ 9:32 am By Omar Faridi  |  

European digital banking provider N26 has announced an important expansion of its travel features specifically tailored for users in Italy. The move integrates mobile connectivity solutions via advanced eSIM technology, effectively allowing customers to stay connected more easily while abroad without traditional hassles. This development… Read More

May 20, 2026 @ 9:21 am By Omar Faridi  |  

Berlin-based digital bank N26 has rolled out a new Flexible Cash Fund, broadening its investment lineup to appeal to customers seeking modest returns with low risk and easy liquidity. Announced recently this month, the product gives users access to money market funds managed by Fidelity… Read More

May 20, 2026 @ 2:19 am By Omar Faridi  |  

Revolut has launched a physical debit card centered on Dogecoin (DOGE). The European fintech is positioning this new offering as a key step toward integrating the popular meme coin into routine transactions, allowing holders to use their DOGE balances seamlessly at millions of merchants worldwide…. Read More

May 19, 2026 @ 9:40 am By JD Alois  |  

Zopa Bank has been approved to offer retail investment services. Zopa notes that it is the first British bank to be approved under the new regulatory regime, which took effect on April 6th. Merve Ferrero, Chief Strategy Officer at Zopa Bank, said that investing has… Read More

May 19, 2026 @ 7:25 am By Omar Faridi  |  

UK digital bank Monzo has delivered solid financial results, marking another milestone in its expansion in the competitive fintech landscape. The Fintech company announced a significant rise in profitability, posting pre-tax profits of £87.3 million for the financial year ending March. This represents a substantial 44%… Read More

May 18, 2026 @ 3:07 pm By Omar Faridi  |  

Consumer Fintech Chime (NASDAQ: CHYM) continues to battle for customers against established digital challengers like SoFi (NASDAQ: SOFI). Both platforms target tech-savvy users seeking streamlined banking experiences, but they differentiate through product offerings and expansion strategies. SoFi stands out by providing more attractive yields on deposits…. Read More

May 15, 2026 @ 2:55 am By Omar Faridi  |  

Amsterdam-based digital banking provider bunq has taken a significant stride toward international growth by filing for a comprehensive banking license in Mexico. The application, lodged with the Comisión Nacional Bancaria y de Valores (CNBV) in partnership with the central bank Banxico, seeks approval for an… Read More

April 30, 2026 @ 10:12 am By JD Alois  |  

Mercury Bank has received conditional approval for a national bank charter by the Office of the Comptroller of the Currency. In a public statement,  Immad Akhund, co-founder and CEO of Mercury, said they applied for a bank charter as founders need a bank that is… Read More

April 30, 2026 @ 8:57 am By Omar Faridi  |  

Nubank (NYSE: NU), Latin America’s digital financial services platform, has unveiled plans to pour approximately R$45 billion (around US$8.2 billion) into Brazil throughout 2026. This significant commitment nearly doubles the company’s investment levels from two years ago and underscores its deep-rooted confidence in the Brazilian economy… Read More

April 30, 2026 @ 7:57 am By Omar Faridi  |  

European digital bank bunq has joined forces with Dutch Bitcoin platform Blockrise to deliver protected Bitcoin services to customers through a Banking-as-a-Service (BaaS) solution. Announced on 29 April 2026 in Amsterdam, the alliance marks a significant step in blending traditional banking safeguards with cryptocurrency accessibility,… Read More

April 23, 2026 @ 12:01 am By Omar Faridi  |  

UK’s digital bank OakNorth, known for backing small and medium0sized business ventures, has extended a £50 million revolving credit facility to CLS Holdings, a specialist in transforming office and commercial real estate with a strong emphasis on sustainability. Established in 1992 by the Mörtstedt family,… Read More

April 21, 2026 @ 12:37 pm By JD Alois  |  

LendingClub Bank (NYSE:LC) has rebranded as Happen Bank. The onetime marketplace lending platform said the new name marked a “significant milestone” in its existence as a digital bank. The label will roll out this summer. LendingClub CEO Scott Sanborn explained that the LendingClub label no… Read More

April 18, 2026 @ 9:00 am By Omar Faridi  |  

Nubank’s (NYSE: NU) latest milestones highlight its accelerating momentum across Latin American markets, blending customer growth with new payment technology that aims to put users in control of their finances. In Mexico, the digital bank has now surpassed 15 million customers, firmly establishing itself among… Read More