Tagged: digital bank

April 12, 2024 @ 8:50 am By Omar Faridi  |  

Digital bank bunq has reported a net profit of €53 million for 2023 as part of its annual report. bunq also revealed that it acquired additional funding of €29 million from its existing backers. This is reportedly part of Bunq’s efforts for expanding business operations… Read More

April 10, 2024 @ 1:54 pm By Omar Faridi  |  

Nubank Ultravioleta, the seamless experience provider for high-income Nubank (NYSE: NU) customers, announces its entry into the travel segment with the pre-launch of its Global Account, in partnership with Wise Platform, which is Wise’s (LSE:WISE) global infrastructure solution for banks and large companies. Starting now,… Read More

April 10, 2024 @ 8:18 am By Omar Faridi  |  

Santander (NYSE: SAN) is announcing the launch of a new national, digital offering in the United States under the Openbank brand in the second half of 2024. Openbank will also be launched in Mexico in the same timeframe. Openbank operates with “a technological platform designed… Read More

April 10, 2024 @ 8:15 am By Omar Faridi  |  

N26, Europe’s digital bank, announced the launch of Joint Accounts in 21 new markets. Joint Accounts allow N26 customers to “manage both their personal finances as well as finances shared with a partner – all in the N26 app, and at no extra cost.” This… Read More

April 7, 2024 @ 8:16 pm By Michael Wong  |  

Shinhan Bank, a prominent player in South Korea’s banking sector, is set to enter the digital arena, vying for a license to become the country’s fourth internet-only bank, according to a Korea Herald report. The move positions Shinhan to compete with established digital banks such… Read More

April 5, 2024 @ 9:35 am By JD Alois  |  

ZA Bank, one of the first regulated digital banks in Hong Kong, is now supporting stablecoins. Stablecoins are digital assets tied to another asset. Typically, this means fiat currency like the US dollar or Euro, but they can also be tied to other assets like… Read More

April 4, 2024 @ 8:06 am By Omar Faridi  |  

N26 announced the launch of its Stocks and ETFs trading product in Germany. The company also announced “an increased interest rate of 4% on Instant Savings for N26 Metal customers from April 9th, 2024, as it continues to expand and improve its integrated savings and… Read More

March 29, 2024 @ 8:09 am By JD Alois  |  

Monzo, a UK-based digital bank, says it now can accept accounts from Limited Companies owned by other firms. These firms may now apply for a business account. In a blog post, Monzo explains that many Limited Companies are owned by individuals, but as the company… Read More

March 26, 2024 @ 6:34 pm By Omar Faridi  |  

Alibaba’s Ant Group has reportedly committed another SGD 200 million investment into ANEXT Bank, which is its wholly-owned subsidiary and SME digital bank. This, according to media reports from March 25, 2024. As reported by DealStreetAsia, the digital finance and technology firm had previously committed… Read More

March 25, 2024 @ 11:07 pm By Michael Wong  |  

Thailand energy conglomerate Gulf Energy Development Plc is teaming up with telecommunications powerhouse Advanced Info Service Plc (AIS) and the esteemed Krungthai Bank Plc (KTB) to enter the burgeoning field of virtual banking in the country. According to a report by The Nation, this collaboration… Read More

March 25, 2024 @ 8:46 am By Omar Faridi  |  

Digital bank N26 recently announced the appointment of Mayur Kamat as its new Chief Product Officer. Mayur is said to have “a proven track record leading product teams and building new solutions at some of the world’s biggest technology companies.” He reportedly brings with him… Read More

March 19, 2024 @ 4:13 pm By Omar Faridi  |  

Tonik, the digital bank in the Philippines, announces the appointment of Mr. Cesar O. Virtusio as a new Independent Director on the Board of its regulated bank subsidiary, Tonik Digital Bank Inc. Mr. Virtusio, an experienced professional in the Philippine and foreign banking and finance… Read More

March 17, 2024 @ 11:52 pm By Omar Faridi  |  

Allica Bank – a digital bank for established businesses with 10 or more employees – has announced partnerships with accounting software platforms Sage and Xero. The direct integrations will mean Allica Bank business current account customers that use Sage and Xero can “have their account… Read More

March 17, 2024 @ 9:48 am By Omar Faridi  |  

N26 has reportedly launched Instant Savings in 13 new markets, offering customers up to 4% interest on deposits. Digital bank N26 recently confirmed in a blog post “the launch of its Instant Savings accounts in a further 13 markets across Europe.” From now onwards, customers… Read More

March 15, 2024 @ 10:15 am By Omar Faridi  |  

Grasshopper has announced Gabrielle Piasio’s addition as Senior Vice President of Sponsor Banking. This move marks the bank’s continued commitment to providing comprehensive lending and depository solutions to companies of all stages. In this role, Piasio is expected to help move the banking institution’s strategic… Read More

March 5, 2024 @ 8:52 am By Omar Faridi  |  

UK’s challenger bank Monzo has finalized a heavily-trailed $400 million investment round, which has increased the firm’s valuation to $5 billion. The funding round, an incentive for pushing the banking platform towards profitability, was reportedly led by Alphabet-owned Capital G, along with contributions from Google… Read More

February 26, 2024 @ 9:51 pm By Omar Faridi  |  

Nu Holdings Ltd. (NYSE: NU), one of the largest digital financial services platforms, released its Fourth Quarter and Full Year 2023 financial results. Financial results are expressed “in U.S. dollars and are presented in accordance with International Financial Reporting Standards (IFRS).” David Vélez, founder and… Read More

February 24, 2024 @ 2:22 pm By Omar Faridi  |  

The National Basketball Association (NBA) and SoFi (NASDAQ: SOFI) announced a multi-year partnership making SoFi the official banking partner of the NBA, NBA G League, NBA 2K League and USA Basketball. SoFi, the bank and personal finance company, will also be “the official entitlement partner… Read More

February 22, 2024 @ 8:29 pm By Omar Faridi  |  

Green Dot Corporation (NYSE: GDOT), a digital bank and fintech providing seamless banking and payments services to consumers and businesses, announced a new partnership with Dayforce, Inc. Through this partnership, Green Dot will serve “as the U.S. banking provider for Dayforce Wallet, the HCM company’s… Read More

February 22, 2024 @ 9:17 am By Omar Faridi  |  

Revolut, the UK’s fintech with more than 35 million customers worldwide, has recently announced the launch of an advanced scam detection feature to help protect customers from card scams. Revolut customers can now experience “an added layer of security protection, on top of the technology… Read More