Tagged: digital bank

February 10, 2026 @ 10:44 am By JD Alois  |  

Erebor Bank, a Columbus, Ohio-based digital bank serving high-net-worth individuals and startups, has been approved for a national bank charter by the Office of the Comptroller of the Currency (OCC). Erebor was previously approved for a conditional charter in October.  FDIC insurance was approved in… Read More

February 3, 2026 @ 4:58 am By Omar Faridi  |  

Digital bank OakNorth has recently extended two significant loans, each worth £8.3 million, to support diverse development projects. These financings underscore the bank’s commitment to fostering residential and tourism sectors amid evolving demographic and economic needs. The initiatives target retirement housing and luxury vacation spots,… Read More

February 2, 2026 @ 5:42 pm By JD Alois  |  

Varo, a federally chartered digital bank, has raised $123.9 million in a Series G funding round. The terms of the funding were not revealed. According to a release, new investor Coliseum Capital Management and existing investor Warburg Pincus led the round. Existing investors also participated… Read More

January 30, 2026 @ 5:45 pm By JD Alois  |  

South America-based digital bank Nubank (Nu)  (NYSE:NU)has received approval for a federal bank charter by the Office of the Comptroller of the Currency. With approval, Nubank will be able to compete on a level playing field with other digital and legacy banks. As is typical,… Read More

January 29, 2026 @ 3:21 pm By JD Alois  |  

Digital bank LendingClub (NYSE:LC) reported Q4 and full-year results yesterday, but the solid results were not sufficient to inspire investors as shares cratered following the results. LendingClub reported that net revenue increased 23% to $266.5 million, compared with $217.2 million in the prior year, driven by… Read More

January 28, 2026 @ 10:29 pm By Omar Faridi  |  

Digital bank Revolut has initiated complete banking activities in Mexico. This development represents the company’s inaugural full-scale banking venture beyond Europe, positioning Mexico as a pivotal entry point for further growth in emerging markets. Announced this month, the launch follows the conclusion of a beta… Read More

January 28, 2026 @ 8:37 am By Omar Faridi  |  

Nordic digital bank Lunar has successfully raised €46 million in new capital. This investment round, announced on January 27, 2026, is set to propel the company’s ambitions in scaling its operations, particularly in business banking and lending services, while strengthening its presence throughout the Nordic… Read More

January 28, 2026 @ 7:13 am By Omar Faridi  |  

Digital banking provider Nubank (NYSE: NU), which focuses on serving consumers in Brazil at the broader LatAm region, announced recently it has exceeded 112 million customers, capturing about 61% of Brazil’s adult population. This surge reportedly positions Nubank as one of the largest private financial institutions… Read More

January 25, 2026 @ 1:37 pm By Omar Faridi  |  

UK-based digital bank Revolut has abandoned its earlier intentions to purchase a U.S. financial institution. The company is now focusing on securing an independent banking charter directly from U.S. regulators, according to a recent report. This move underscores Revolut’s determination to penetrate the lucrative U.S…. Read More

January 21, 2026 @ 7:57 am By Omar Faridi  |  

OakNorth, the digital bank focused on enabling mid-market businesses, has recently extended significant financing to two distinct ventures. These moves underscore the bank’s commitment to fostering sustainable development and economic expansion, having already disbursed over $18 billion in loans that have spurred job creation and… Read More

January 20, 2026 @ 1:19 pm By Omar Faridi  |  

Nubank (NYSE: NU) continues to redefine banking by prioritizing customer value through new partnerships in 2026 and tailored digital financial services. As one of Latin America’s digital banks, Nubank has recently unveiled a series of updates that highlight its commitment to financial inclusion, improved user… Read More

January 20, 2026 @ 1:17 pm By Omar Faridi  |  

Digital bank Revolut continues to push boundaries with innovative solutions that enhance user experience and security. With a global user base exceeding 65 million, including 12 million in the UK, the company recently rolled out two significant updates on January 19, 2026. These initiatives focus… Read More

January 20, 2026 @ 12:25 am By Omar Faridi  |  

UK’s digital bank Monzo has made several announcements to start the new year, from leadership adjustments to innovative customer tools and engaging promotions. In a notable shift driven by shareholder pressure, Monzo has agreed to provide outgoing CEO TS Anil with a more substantial ongoing… Read More

January 19, 2026 @ 10:41 am By Omar Faridi  |  

Digital bank Revolut has submitted an application for a full banking license in Peru. This step marks the company’s latest effort to broaden its services across Latin America, where it aims to challenge entrenched players and cater to underserved populations. Revolut, known for its app-based… Read More

January 16, 2026 @ 11:21 am By JD Alois  |  

Monzo, a top digital bank, experienced a several-hour outage this past week. The American Banker reported that users experienced failed payments and challenges in reaching customer support. On the Monzo community board, a representative stated that as soon as platform issues were identified, they activated… Read More

January 9, 2026 @ 8:59 am By Omar Faridi  |  

In a bid to enable UK consumers with smarter money management, Starling Bank has revealed a surprisingly simple habit distinguishing the nation’s top savers: checking their bank balance daily. According to recent research, those who monitor their accounts every day save more frequently and maintain… Read More

January 7, 2026 @ 9:25 pm By Omar Faridi  |  

Amsterdam-based bunq BV has submitted a fresh application to establish itself as a bank in the United States. The company filed for a national bank charter with the Office of the Comptroller of the Currency (OCC) on January 6, 2026, marking its second attempt in… Read More

December 22, 2025 @ 1:26 am By Omar Faridi  |  

UK’s digital bank Monzo has secured a full banking license from Ireland’s Central Bank and the European Central Bank, marking a step toward broader operations in the European Union. The latest approval positions Monzo as the digital-only bank to obtain this type of authorization in… Read More

December 18, 2025 @ 7:54 am By Omar Faridi  |  

European digital bank bunq announced the launch of Term Deposits, a new savings option with some of the market’s highest returns, as well as ways to track and invest in crypto. With Term Deposits, bunq users can lock in their money for a fixed period… Read More

December 17, 2025 @ 2:49 pm By JD Alois  |  

Erebor Bank’s deposit insurance application has been approved by the Board of Directors of the Federal Deposit Insurance Corporation. Erebor received approval for a bank charter in October, the first de novo national bank charter issued under the current administration. Headquartered in Columbus, Ohio, the bank… Read More