Tagged: digital bank

February 8, 2021 @ 11:50 am By JD Alois  |  

​B-North, a digital lender that is in the process of acquiring a full banking license, has appointed Nimisha Patel to its board of directors. Patel is currently the Chief Digital Information Officer at the Cabinet Office, responsible for helping to shape the technology strategy at… Read More

February 8, 2021 @ 8:27 am By Omar Faridi  |  

Elizabeth McGrath from digital bank Revolut notes that the company is rolling out new features such as candlestick charts and Group Vault controls. McGrath confirms that clients will now be able to track crypto and commodities price movements “by the hour” with Revolut’s new candlestick… Read More

February 1, 2021 @ 11:55 pm By Omar Faridi  |  

Public liability, professional indemnity and employers liability are no longer adequate when it comes to protecting your company or business. But there are certain covers available that could secure your company further, according to a blog post published by Revolut. The leading digital banking platform… Read More

February 1, 2021 @ 11:02 pm By Omar Faridi  |  

UK’s PensionBee, an online pension provider, had introduced a new product, allowing self-employed savers to easily set up a pension “from scratch.” Its reportedly an offering that may work quite well for sole traders, which is why Starling Bank confirmed that it has added PensionBee… Read More

January 29, 2021 @ 2:43 pm By Omar Faridi  |  

Last week it was reported that KeyCorp (NYSE:KEY) is planning to introduce a version of its digital banking platform to serve the needs of healthcare workers. The new digital bank solution may be rolled out on March 30, 2021, which is National Doctors’ Day. The… Read More

January 29, 2021 @ 11:41 am By Samantha Hurst  |  

National Australia Bank Limited (NAB) announced on Friday it has entered into a scheme implementation agreement to acquire 100% of the shares in 86 400 Holdings Ltd, the holding company of Australian neobank, 86 400. According to NAB, the acquisition is to help accelerate UBank’s… Read More

January 27, 2021 @ 9:53 am By JD Alois  |  

The digital banking sector will get a bit more crowded in the UK following the news that JP Morgan (NYSE:JPM) is planning to launch a digital bank in the country. JP Morgan will follow in the footsteps of Marcus, created by Goldman Sachs, entering the… Read More

January 27, 2021 @ 8:36 am By JD Alois  |  

Digital bank Zopa continues to add new features and services seeking to boost its allure for new and existing consumers. Today, Zopa has announced a new feature that allows its users to compare energy services to lower their monthly cost. Zopa has teamed up with Decision… Read More

January 26, 2021 @ 11:17 pm By Omar Faridi  |  

The digital banking sector in South America has been growing steadily, with now over 30 neobanks in the region. Digital banking platforms currently serve more than 50 million consumers out of the region’s (approximately) 430 million residents, according to the latest data from Dutch Fintech… Read More

January 26, 2021 @ 10:13 pm By Omar Faridi  |  

UK-based challenger bank Monzo is reportedly struggling to maintain operations and may be trying to avoid the same fate as digital bank Xinja which was recently forced to shut down permanently. Fintech analyst Katherine Long from GlobalData recently noted that Monzo has turned into an… Read More

January 26, 2021 @ 8:03 am By Omar Faridi  |  

Digital-only banking platform N26 has appointed a new Chief Financial Officer as Maximilian Tayenthal becomes the Fintech firm’s co-CEO. Dr. Jan Kemper is N26’s latest executive hire. Berlin-headquartered neobank N26 confirmed that it promoted company co-founder Maximilian Tayenthal to serve as co-CEO along with current… Read More

January 25, 2021 @ 8:17 pm By Omar Faridi  |  

Current, one of the leading digital banks in the US, has noted that 2020 was “certainly not the year anyone was expecting,” however, for all the tribulations (not to mention “being in the epicenter of a pandemic” – above all), the company is quite proud… Read More

January 21, 2021 @ 8:53 pm By JD Alois  |  

KeyCorp (NYSE:KEY) announced Q4 earnings this week that beat analyst expectations. The midwestern bank also announced a substantial share buyback that should please its shareholders. But perhaps more interesting was the fact that Key discussed its digital bank Laurel Road and expectations to expand the… Read More

January 21, 2021 @ 9:44 am By JD Alois  |  

Tom Blomfield, founder of digital bank Monzo and former CEO is departing the Fintech entirely at the end of January according to a report. Blomfield has been slowly exiting the Fintech in the last couple of years having passed the CEO title to another some… Read More

January 18, 2021 @ 10:03 pm By Omar Faridi  |  

UK challenger bank Monzo has announced several updates. The digital bank confirmed recently that the Year in Monzo 2020 is now available via its app. As explained by the banking challenger, the Year in Monzo shows customers key insights into how they spent, saved, and… Read More

January 18, 2021 @ 11:31 am By JD Alois  |  

Southeast Asian Fintech Grab may pursue an initial public offering (IPO) during 2021, according to a report. Fintech is expected to be a hot sector for initial public offers this year with two already being completed. Last week, Affirm (NASDAQ:AFRM) blew the doors off its IPO…. Read More

January 18, 2021 @ 8:24 am By Omar Faridi  |  

UK-based digital bank Revolut notes that with the New Year comes new features. The challenger bank has launched a new desktop Web App that will allow customers to better manage their finances. In addition to the “handy” new desktop Web App, Revolut has introduced upgraded… Read More

January 17, 2021 @ 10:21 pm By Omar Faridi  |  

UK-based digital bank Starling claims that more consumers appear to be switching to its Fintech platform than “ever before.” As confirmed by review site Which?, Starling Bank has topped the chart for current account switches – which means that clients decided to part ways with… Read More

January 16, 2021 @ 6:04 pm By Omar Faridi  |  

With digital or neo banking gaining more users and popularity during the Coronavirus pandemic, the leading challenger banks in the US and Europe recently confirmed steady growth and adoption. Trading Platforms reveals that seven US or American challenger banks managed to record a combined user… Read More

January 14, 2021 @ 11:30 pm By Omar Faridi  |  

UnionBank in the Philippines has teamed up with FinScore, an alternative credit scoring solution provider that’s powered by advanced analytics and the latest telco data. Through the partnership, both organizations will aim to promote market efficiencies and help consumers access a wide range of digital… Read More