Tagged: digital bank

February 21, 2018 @ 3:55 pm By Samantha Hurst  |  

Australian digital bank Xinja announced on Wednesday it received its Australian Credit Licence (ACL) from the Australian Securities and Investments Commission (ASIC). According to Xinja, the license is a significant step forward for the bank, as it will now be able to offer home loans, which it is… Read More

December 10, 2017 @ 3:30 pm By JD Alois  |  

On December 1st, the Royal Bank of Scotland (RBS) announced it would close 62 RBS branches and 197 NatWest branches. The shuttering of these bank branches is not unique to RBS and is indicative of the global Fintech revolution. This is not the first time… Read More

November 28, 2017 @ 10:09 am By JD Alois  |  

Digital only challenger bank Revolut is preparing to enter the cryptocurrency world with new features on their bank app to allow users to exchange and use Bitcoin and other digital currencies. While some traditional banks look at crypto with disdain (heres looking at you, Jamie… Read More

October 2, 2017 @ 11:30 am By Samantha Hurst  |  

OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, announced on Monday Australia-based digital banking platform Change Financial Ltd. (ASX: CCA) has qualified to trade on the OTCQX Best Market. Change Financial upgraded to OTCQX from OTC’s Pink market. Jason… Read More

June 7, 2017 @ 7:42 am By JD Alois  |  

Peer to peer lender Zopa has established a development center in Barcelona, Spain. The new tech hub is said to initially focus on building the platform that will launch the next generation digital bank.  This will include deposit systems, credit card processing, payment gateways and… Read More

April 3, 2017 @ 2:33 pm By JD Alois  |  

Revolut is a prominent member of the growing legion of digital only challenger banks.  The app-based bank previously crowdfunded £1 million on Crowdcube as part of a larger funding round in 2016. Revolut has raised about £15 million to get the platform up and running… Read More

July 28, 2016 @ 9:26 am By Erin Hobey  |  

German firms FinTech Group and Rocket Internet have teamed up to build a pan-European digital bank, according to a release. The bank is just the first stage of a “comprehensive technology partnership” between FinTech Group, which operates several fintech-related brands, and Rocket, the giant startup studio famous… Read More