Tagged: digital bank

June 21, 2025 @ 4:09 pm By Michael Wong  |  

Thailand has approved three applicants to establish virtual banks, in a move aimed at promoting financial innovation, expanding access to underserved markets, and enhancing competition in the country’s banking sector. The Ministry of Finance, acting on the advice of the Bank of Thailand (BOT), said… Read More

June 19, 2025 @ 3:53 pm By Omar Faridi  |  

Openbank, Grupo Santander’s fully digital bank, announced today that it has reached 110,000 customers in Mexico in less than four months. Since landing on Mexican shores in February, Openbank has grown strongly, which confirms “that more Mexicans are seeking digital financial solutions that fit their… Read More

June 18, 2025 @ 8:19 am By Omar Faridi  |  

Sygnum, a global digital asset banking group, announces the expansion of its board of directors to support the “next stage of its growth and globalisation strategy.” New members “include Pia Tischhauser, Swiss Re Supervisory Board member and former BCG Executive Committee member, and Vinod Kumar,… Read More

June 12, 2025 @ 7:17 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, has provided a $20m loan to support the latest acquisition project from Sabal Investment Holdings and 12 North Capital LLC. Founded in 2009, Sabal Investment Holdings is a real estate investment manager “headquartered in Irvine, California and serving institutional… Read More

June 12, 2025 @ 5:19 am By Omar Faridi  |  

Starling Bank customers can now use Artificial Intelligence (AI) to better understand their spending habits. The UK-first feature, called ‘Spending Intelligence’, allows customers to ask questions about their money, such as “How much did I spend on groceries last week?” or ”How much did I… Read More

June 9, 2025 @ 8:10 am By Omar Faridi  |  

European digital  bank N26 is making strides in both the financial and telecommunications sectors with its strategic business moves. The Berlin-based neobank is reportedly exploring a new funding round that could reshape its investor landscape while simultaneously breaking new ground by becoming the first digital… Read More

June 6, 2025 @ 8:04 am By Omar Faridi  |  

Digital asset banking group Sygnum announces it has raised a total of USD 58 million in its oversubscribed Strategic Growth Round, giving it a post-money valuation of more than 1 billion. Fulgur Ventures, cornerstone investor in the final close of Sygnum’s Strategic Growth Round, is… Read More

June 4, 2025 @ 10:06 pm By Omar Faridi  |  

N26 announced the evolution of its premium subscription tier, “N26 You”, to “N26 Go”, a premium tier designed specifically for frequent travelers and modern explorers, giving them “access to seamless banking, saving and investing both at home and on the go.” N26 Go aims to… Read More

May 24, 2025 @ 10:35 am By Omar Faridi  |  

Nu Colombia, part of Nubank (NYSE: NU), presents “Cajitas para mi gente” an initiative aimed at empowering Colombians to turn dreams into savings goals and achieve their financial objectives. New Nu customers will get a boost that “allows them to open a Money Box (Cajita)… Read More

May 19, 2025 @ 10:55 pm By Omar Faridi  |  

UK’s digital bank Monzo has launched a new feature that empowers customers to cancel bank transfers almost instantly if they spot an error. This development, aimed at addressing a problem costing Brits an estimated £825 million annually, is set to redefine how users manage their… Read More

May 16, 2025 @ 7:16 am By Omar Faridi  |  

OakNorth – the digital bank for entrepreneurs, has provided a $15.5m loan to Virginia-based real estate investor, Rooney Properties. Established in 2013 and headquartered in Arlington, the firm “has experience underwriting, acquiring, entitling and developing commercial real estate across the Washington DC metro area.” Having… Read More

May 14, 2025 @ 8:13 am By Omar Faridi  |  

Digital bank Zopa has reportedly raised £80 million in Additional Tier 1 (AT1) capital from existing and new investors ahead of a period of growth. According to the announcement from UK‘s digital bank Zopa It follows a EUR 80 million equity fundraise “executed 6 months… Read More

May 12, 2025 @ 12:05 pm By JD Alois  |  

Chetwood Bank, a digital bank challenging established incumbents, says it has now topped £4 billion in savings deposits. Last year, at the end of March, Chetwood reported £2.86 billion in deposits. Chetwood benefits from a current interest rate of 4.52% paid to its “easy access”… Read More

May 7, 2025 @ 7:07 pm By Omar Faridi  |  

Digital banking provider Nubank (NYSE: NU) has recently announced the expansion of a range of benefits that provide certain financial advantages while also enhancing the Nubank+ customers’ experience. Brazil‘s Nubank noted in a blog post that about one year after its launch, a range of… Read More

May 7, 2025 @ 7:52 am By Omar Faridi  |  

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has surpassed $1bn of lending in the US since it began lending there in July 2023, marking another major milestone in its US expansion. With a focus on supporting lower mid-market businesses with revenues between $1m and… Read More

May 4, 2025 @ 9:03 pm By Omar Faridi  |  

Digital bank Revolut has reportedly turned down investor interest that would have valued the company at approximately $65 billion, according to sources familiar with the matter cited by Axios. This latest decision comes on the heels of a 2024 secondary share sale that pegged the… Read More

May 2, 2025 @ 1:14 pm By Omar Faridi  |  

UK’s digital bank OakNorth has provided a £25m loan to private equity-backed pension advice provider, My Pension Expert. Since being founded in 2010, the firm is said to have “helped thousands of people approaching retirement age make informed decisions about their retirement and unleash the… Read More

April 29, 2025 @ 5:06 pm By JD Alois  |  

LendingClub (NYSE:LC) has revealed Q1 2025 earnings, which matched analyst expectations of earnings of $0.10 per share. LendingClub, once an online lender and now a digital bank, also announced the acquisition of an Artificial Intelligence (AI) platform for Spending Intelligence. LendingClub, which still is heavily… Read More

April 29, 2025 @ 4:19 pm By JD Alois  |  

bunq, a digital bank based in the Netherlands, now offers crypto investing within its app. The service is now available in the Netherlands, France, Spain, Ireland, Italy, and Belgium. Bunq states that it will roll out crypto trading across the entire European Economic Area, as… Read More

April 26, 2025 @ 1:31 pm By Omar Faridi  |  

UK’s digital bank Zopa has reported solid performance for 2024, doubling its full-year profit before tax to £34.2 million, up from £15.8 million in 2023. This milestone, announced on April 24, 2025, marks the Zopa bank’s second consecutive year of profitability, underscoring its robust growth… Read More