Tagged: digital bank

September 9, 2020 @ 7:53 am By JD Alois  |  

Starling Bank, a digital-only bank, has launched “Starling Kite” a child-friendly banking account that incorporates certain controls for parents and guardians. Starling Kite will be linked to an adult’s account to help track utilization while children aged between 6 to 16, will receive a banking… Read More

September 6, 2020 @ 6:42 pm By Omar Faridi  |  

UK-based Zopa, a digital bank and online lender, has reportedly started accepting credit card applications, as it continues to expand its line of products and services. The company is offering a credit card with annual percentage rates starting from 9.9%, however, there’s a representative APR… Read More

September 6, 2020 @ 5:00 pm By Omar Faridi  |  

Online peer to peer (P2P) lender Robo.cash is reportedly getting ready to conduct its initial public offering (IPO) in Australia in December of this year. Robocash Group, which is the parent company of Europe based P2P lender Robo.cash, will be the next Fintech service provider… Read More

September 6, 2020 @ 2:14 pm By Omar Faridi  |  

UK based digital challenger Starling Bank has reportedly joined digital bank Monzo by introducing several new fees for certain services related to its British pound or GBP and Euro bank accounts. As reported recently, Monzo announced two new fees for its customers. The Fintech startup… Read More

September 3, 2020 @ 11:05 am By Samantha Hurst  |  

Digital bank Revolut announced on Thursday it has reached a new milestone by signing up a total of 500,000 business customers. The company noted that the milestone demo states considerable growth of its Revolut Business since it made its debut in July 2017. Along with… Read More

September 2, 2020 @ 1:54 pm By Samantha Hurst  |  

Digital bank Revolut announced on Wednesday it has added Bitcoin Cash and Litecoin offerings in the U.S. According to Revolut, U.S. customers may now buy, hold, and sell Bitcoin Cash and Litecoin through its platform. You asked for it, so we delivered. We’ve added #BitcoinCash… Read More

September 2, 2020 @ 1:26 pm By Omar Faridi  |  

InComm, an established payments technology firm, and Current, a US-based challenger bank serving Americans who have been “overlooked” by traditional financial service providers, have introduced a product that will allow Current members to make cash deposits to their accounts at major physical store locations across… Read More

September 2, 2020 @ 9:15 am By JD Alois  |  

Varo Money, Inc., the first consumer Fintech in the US to become a chartered national bank, is reporting that it has saved its customers over $100 million in overdraft fees in the past year. Varo Bank became a fully chartered bank last month after a… Read More

September 1, 2020 @ 8:43 pm By Omar Faridi  |  

Singapore based Fintech firm Atlantis has reportedly launched a digital bank in India. The company’s business aims to target the estimated $15.7 billion global Millennial banking market. The neobank will mainly focus on serving Millennials (people born around 1980 to 1996) and Gen Z (born… Read More

September 1, 2020 @ 4:18 pm By Omar Faridi  |  

Bank of America (NYSE: BAC), a US-based money center bank and financial services company headquartered in Charlotte, North Carolina, reportedly has over 66 million retail customers. The bank reveals that it handles over 10 billion user interactions per year and claims that 97% of them… Read More

August 31, 2020 @ 5:12 pm By Omar Faridi  |  

The global digital banking platform market is on track to reach $9 billion by 2026. It’s currently expanding at a compounded annual growth rate (CAGR) of 16% during the forecast period, according to a new report. According to a release that summarizes the findings of… Read More

August 31, 2020 @ 7:58 am By Omar Faridi  |  

Customers of UK-based Fintech Unicorn Revolut have reportedly experienced delays when trying to get their salaries which were supposed to be paid this past Friday (August 28, 2020). Users had been complaining about having been left in the dark as they might not have received… Read More

August 28, 2020 @ 4:44 pm By JD Alois  |  

The House Financial Services Committee has posted its list of (virtual) hearings for the month of September. While always subject to change, the Committee has scheduled a hearing by the Task Force on Financial Technology (Fintech) on digital banking. The hearing entitled “License to Bank:… Read More

August 27, 2020 @ 9:58 pm By Omar Faridi  |  

Malaysia’s Razer Fintech, the Fintech division of Razer (a multinational financial service provider), has revealed that it plans to launch a digital banking platform in overseas markets. Razer, which is also (mainly) a gaming company, has applied for a virtual banking permit in Malaysia but… Read More

August 27, 2020 @ 9:14 am By Samantha Hurst  |  

Neon, a Switzerland-based challenger banking startup, announced on Wednesday it scored €4.6 million through its latest investment round, which was supported by the existing investors, including Backbone Ventures, TX Group, the Schwyzer Kantonalbank innovation foundation and the “Höhle der Löwen” investors Roland Brack and Bettina… Read More

August 27, 2020 @ 7:21 am By Omar Faridi  |  

Germany-based digital bank N26, which offers a mobile banking platform, is celebrating its one year anniversary in the US with almost 500,000 customers. As mentioned in a release shared with Crowdfund Insider: “Since announcing its public US launch in partnership with Axos Bank in August… Read More

August 25, 2020 @ 3:24 pm By Samantha Hurst  |  

Copper Banking, a U.S.-based digital bank for teens, announced on Tuesday it secured $4.3 million through its latest seed funding round, which was led by PSL Ventures with participation from Jack Brody, of Snap Inc and Mana Ventures and Western Technology Investment. Founded in 2019,… Read More

August 24, 2020 @ 9:19 am By Samantha Hurst  |  

  UK digital banking group Tandem has acquired “green” lender Allium for  £60 million, Mortgage Finance Gazette reports.  According to the media outlet, Tandem purchased the Allium platform to boost its environmental credentials. Allium notably has a very “clear” focus on lending to improve homes… Read More

August 24, 2020 @ 9:03 am By JD Alois  |  

Zopa, a digital bank and online lender, has published the interest rates affiliated with its savings accounts. According to a note from the Fintech, savers may generate interest from 1.05% to 1.3% – depending on the term. Zopa’s Fixed Term Savings accounts are available today… Read More

August 22, 2020 @ 2:21 pm By Omar Faridi  |  

Australia based Parpera, a Fintech firm that’s focused on developing a digital ​banking solution for business owners and freelance or gig economy workers, has opened shares for trading with Equitise, an equity crowdfunding platform. Established by former EY management consultant Daniel Cannizzaro, Parpera shares are… Read More