Tagged: digital bank

August 13, 2026 @ 4:55 pm By JD Alois  |  

Wellington Management Group has filed a Form 13-G with the Securities and Exchange Commission (SEC), indicating that it controls 13.3% of Happen’s (NASDQ:HAPN) shares. Happen previously did business as LendingClub. The filing indicates it is a passive investment and does not seek control. Wellington now… Read More

August 13, 2026 @ 8:32 am By Omar Faridi  |  

Digital bank Revolut reportedly scales back WeWork access for its premium membersRevolut, one of Europe’s leading digital banks, has quietly reduced the WeWork coworking space benefits available to customers on its higher-tier paid plans. The change, which took effect in early August 2026, followed negotiations… Read More

August 13, 2026 @ 8:29 am By Omar Faridi  |  

European digital bank N26 has rolled out support for Wero, the pan-European instant payment system, inside its mobile app. The Berlin-based neobank announced the integration on 11 August 2026, making the service available to eligible customers in Germany and France. A gradual expansion to additional… Read More

August 12, 2026 @ 3:28 pm By JD Alois  |  

This past week, it was reported that Netherlands-based digital bank bunq had been denied a US charter by the Office of the Comptroller of the Currency. The response sent to bunq’s legal representation in the US was uncharacteristically harsh and critical of the Fintech’s attempt… Read More

August 11, 2026 @ 4:24 pm By Omar Faridi  |  

Erebor Bank, a Columbus, Ohio-based digital bank that targets high-net-worth individuals and startups, may soon receive a $1.5 billion investment, according to reports. The anticipated round would place the bank’s pre-money valuation is expected to be $8 billion. The funding is reportedly about 2X the… Read More

August 11, 2026 @ 7:53 am By Omar Faridi  |  

The Office of the Comptroller of the Currency (OCC) has rejected an application from Amsterdam-based digital bank Bunq to establish a new national bank in the United States. In a decision letter dated August 4, 2026, and made public shortly thereafter, the regulator determined that… Read More

August 11, 2026 @ 6:42 am By Omar Faridi  |  

Revolut has secured a regulatory milestone for its French subsidiary, Revolut Bank S.A., by obtaining authorization to operate as a bank. The approval followed a review conducted by France’s Autorité de Contrôle Prudentiel et de Résolution and the European Central Bank. The Fintech already counts… Read More

August 9, 2026 @ 11:12 am By Michael Wong  |  

Philippine digital bank Maya has called for the country’s financial inclusion efforts to move beyond expanding account ownership and focus more on whether consumers are building savings, gaining access to responsible credit, and becoming more resilient to financial shocks. Formal account ownership in the Philippines… Read More

August 8, 2026 @ 7:35 am By Omar Faridi  |  

UK digital bank Monzo has surpassed one million business accounts, marking a significant milestone for the challenger more than six years after introducing the service. Monzo Business announced the achievement in late July 2026, confirming it now supports over a million UK business customers. This… Read More

July 31, 2026 @ 8:02 am By Omar Faridi  |  

Revolut has unveiled a new collaboration with OpenAI that gives its retail customers complimentary access to ChatGPT Go as part of their existing subscription plans. The global fintech, which serves more than 75 million people, announced the partnership on 30 July 2026, positioning artificial intelligence… Read More

July 24, 2026 @ 8:54 am By Omar Faridi  |  

UK digital bank Monzo has teamed up with the Centre for Inclusive Money at Nest to tackle the significant shortfall in retirement savings among the country’s self-employed workers. The collaboration aims to examine practical ways banks can encourage sole traders and freelancers to put money… Read More

July 21, 2026 @ 8:24 am By Omar Faridi  |  

Digital banking provider Revolut has taken a significant step forward in its global expansion by officially establishing Revolut Bank Australia. This development follows the granting of an unrestricted Authorised Deposit-taking Institution (ADI) licence by the Australian Prudential Regulation Authority (APRA), representing the company’s first full… Read More

July 18, 2026 @ 6:18 am By Omar Faridi  |  

Digital bank Revolut has obtained in-principle approval to deliver virtual asset services across the UAE. The Virtual Assets Regulatory Authority (VARA) in Dubai granted the preliminary license, positioning the company to introduce broker-dealer activities, asset management and investment services, as well as exchange functionalities in… Read More

July 16, 2026 @ 8:17 am By Omar Faridi  |  

The Fintech division of Brazil’s digital bank Inter has announced the introduction of its innovative contactless payment wearables to customers in the United States. This expansion brings stylish, convenient payment solutions—specifically designed rings and wristbands—directly to the US market, allowing users to make seamless transactions… Read More

July 9, 2026 @ 8:27 am By Omar Faridi  |  

On June 25, 2026, Jet Bank officially began operations and released its mobile application, becoming Albania’s first fully digital-only bank. Licensed and supervised by the Bank of Albania, the institution was built from the ground up on Backbase’s AI-native Banking OS, marking a notable step… Read More

June 30, 2026 @ 3:46 pm By Omar Faridi  |  

The planned sale of Atom Bank, one of the UK’s digital challenger banks, is reportedly close to falling through. According to an update from the Financial Times, the Newcastle-based lender has been unable to attract bids at the £600 million level its shareholders had been… Read More

June 26, 2026 @ 3:37 pm By Omar Faridi  |  

N26, the Berlin-based digital banking services provider, has reported strong results for fiscal 2025, crossing the €500 million revenue threshold while posting its first full year of net profitability. The performance highlights the company’s improving operational efficiency and progress toward a more sustainable business model…. Read More

June 25, 2026 @ 7:20 am By Omar Faridi  |  

Atom Bank, one of the UK’s digital banks that aims to enhance user experience, has deployed Flowable’s process automation technology to overhaul its commercial lending operations. The move represents a strategic push to deliver faster, more efficient, and highly scalable services in the competitive commercial… Read More

June 25, 2026 @ 2:22 am By Omar Faridi  |  

Starling Bank has launched a new artificial intelligence tool designed to help customers identify and avoid romance scams, investment fraud, and deepfake phishing attempts. The Scam Intelligence AI-agent, now integrated into the bank’s Starling Assistant, became available to its five million customers on 24 June… Read More

June 21, 2026 @ 10:31 pm By Omar Faridi  |  

UK’s Starling Bank is reducing the size of its board of directors following multiple recent exits. The changes, which include no plans to fill every resulting vacancy, are expected to strengthen the influence of the bank’s largest shareholder, Harald McPike. According to company filings and… Read More