Tagged: digital bank

January 31, 2024 @ 10:58 am By Omar Faridi  |  

Nubank (NYSE:NU), which claims to be one of the world’s largest digital financial services platforms, announces its newest product developed by Nu Asset: Nu Selic Simples. With a majority allocation in post-fixed public bonds from the National Treasury (LFTs – Financial Letters of the Treasury),… Read More

January 31, 2024 @ 8:53 am By Omar Faridi  |  

Tandem, a UK digital bank, has announced the appointment of Maria Khan, as Director of Product and Digital, and Chris Parker, as Head of Marketing. As Director of Product and Digital, Maria leads “the development of Tandem’s exciting digital offering, working with the team to… Read More

January 30, 2024 @ 5:25 pm By JD Alois  |  

LendingClub (NYSE:LC) reported Q4 earnings today generating a net income of  $10.2 million and a diluted EPS of $0.09. A year prior in the same quarter, LendingClub generated a net income of  $38.9 million and a diluted EPS of $0.36. Scott Sanborn, CEO of LendingClub,… Read More

January 30, 2024 @ 2:08 pm By Omar Faridi  |  

Grasshopper, the digital bank built for the business and innovation economy, announced it closed 2023 with strong revenue growth and marked milestones across multiple channels, including significant growth “in new client onboarding, on-going enhancements to the client experience, new products, and the continued commitment to… Read More

January 30, 2024 @ 1:25 pm By Omar Faridi  |  

Bluevine, the one-stop digital banking platform specifically designed for small businesses,  announced a new partnership with Allpoint to “provide more convenient ATM cash deposit access to its customers through 1,500 Allpoint+ enabled ATMs.” Combining the new Allpoint partnership with participating Green Dot retailers, small business… Read More

January 30, 2024 @ 11:23 am By Omar Faridi  |  

Grupo Financiero Banorte, one of Mexico’s largest financial firms, has introduced bineo, a virtual bank that will provide savings accounts as well as personal loans with the goal of onboarding 2.8 million new customers in the upcoming 5 years. Banco Banorte, which is reportedly owned… Read More

January 29, 2024 @ 10:12 pm By Omar Faridi  |  

CaixaBank extended the coverage of its financial services network in 2022 and 2023 to a total of 484 new towns in rural areas where the bank previously had no presence. These service points have been “incorporated through the arrival of new mobile branches and the… Read More

January 29, 2024 @ 8:13 pm By Omar Faridi  |  

Tonik Digital Bank Inc. (TDB), the digital bank in the Philippines, announced a significant leadership transition. Long Pineda, President of TDB, will be retiring from her executive role and will “assume the position of non-executive Chairman of the Board of Directors of TDB.” In her… Read More

January 28, 2024 @ 6:47 pm By Michael Wong  |  

Digital banks are now seeking to engage with the Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, to establish multilateral relationships and foster an open banking ecosystem. This initiative aims to attract more borrowers and support the operation of digital banks in… Read More

January 26, 2024 @ 10:30 am By Omar Faridi  |  

Global digital asset banking group Sygnum announced that it has raised more than USD 40 million against an initial ~USD 35 million target in an interim close of its latest funding round, which is named the Strategic Growth Round. As of the completion of this… Read More

January 25, 2024 @ 3:35 pm By JD Alois  |  

While shares in digital bank LendingClub (NYSE: LC) have been a bit of a dog, some people see value in the future of the company. One big investor recently added shares to its holding. BlackRock recently filed an Amended Statement of Ownership showing an increase… Read More

January 24, 2024 @ 8:50 am By Omar Faridi  |  

Starling Bank has created a new brand platform with a new positioning, strategy, and ad creative developed to “mark the beginning of an ambitious year of growth for the bank.” ‘The Bank Built for You’ platform celebrates “how banking is about more than just money,… Read More

January 23, 2024 @ 7:01 am By Omar Faridi  |  

Satchel, a European digital banking provider, is set to enhance its compliance standards through a strategic partnership with AMLYZE, a Regtech company specializing in anti-money laundering and financial fraud prevention. Satchel’s commitment to delivering banking services, “underscored by a robust emphasis on regulatory compliance and… Read More

January 17, 2024 @ 8:25 am By Omar Faridi  |  

N26 announced the launch of a new Stock and ETF trading product that will allow all account holders to buy and sell stocks and ETFs for €0.90 per trade, directly in the N26 app. The launch of this new and comprehensive trading product will see… Read More

December 26, 2023 @ 8:40 am By Omar Faridi  |  

Digital bank Revolut has shared some important financial updates. Revolut reveals that its revenue has reportedly “increased to $1.1bn (£923m) in 2022, up 45% from $786m (£638m) in 2021.” Revolut added almost 10m customers last year “with a 71% increase in deposits and 55% increase… Read More

December 24, 2023 @ 9:55 am By Omar Faridi  |  

Banks have vastly evolved over the last 50 years but the underlying global financial system has remained largely the same; obscure and inefficient. The advent of regulated digital assets and programmable money, “along with its adoption by central banks around the world offers a root… Read More

December 19, 2023 @ 4:26 pm By JD Alois  |  

Amsterdam-based digital bank bunq has claimed the title as the first “AI powered bank in Europe.” bunq says it is the second-largest digital bank in Europe. Today, the Fintech announced “Finn” a new GenAI platform that is available to all its customers. The AI powered… Read More

December 3, 2023 @ 9:11 am By Michael Wong  |  

GX Bank Berhad (GXBank), Malaysia’s first digital bank backed by Southeast Asia’s super app Grab, has officially launched its app, marking a significant milestone in the country’s banking sector. The launch event, attended by high-profile figures including YBhg. Datuk Johan Mahmood Merican, Secretary General of… Read More

December 2, 2023 @ 8:58 am By Michael Wong  |  

Buenos Aires-based fintech firm Uala has launched a no-fee credit card in Argentina, targeting the massive population of unbanked Argentines, according to a Bloomberg report. The company, which is backed by investors George Soros, Steve Cohen, and Tencent Holdings, is offering its no-fee credit card… Read More

November 29, 2023 @ 11:15 am By JD Alois  |  

Digital bank N26 says it will offer stock and ETF investments in App by partnering with Upvest. Upvest offers an Investment API that is available to financial services firms to access capital market investment and retirement planning. Upvest will be providing the licenses necessary for… Read More