Tagged: digital bank

March 11, 2025 @ 11:05 am By JD Alois  |  

ClearBank has selected former CFO Mark Fairless as its new CEO. According to a release, founder and former CEO Charles McManus will continue with the bank as a member of the Board of Directors, helping to guide the firm’s strategy. McManus will also remain as… Read More

March 6, 2025 @ 9:22 pm By Omar Faridi  |  

Tonik has crossed 1 million cumulative loans disbursed since inception, cementing its status as the Philippines’ credit-led digital bank and propelling a new era of “credit inclusion.” While traditional banking institutions continue to emphasize corporate credit, Tonik zeroes in on a “$40 billion latent unsecure… Read More

March 6, 2025 @ 6:47 am By JD Alois  |  

Zopa Bank has hired a former Visa executive as its new Chief Analytics Officer (CAO) Jeremy Penzer was previously Head of Data Science for Europe with Visa. Before that, he served as Capital One Europe’s Chief Analytics Officer and an academic statistician at the London… Read More

February 26, 2025 @ 4:52 pm By Omar Faridi  |  

Australia’s digital banking platform, Ubank, has reportedly rebuilt its mortgage broker platform to streamline the digital home loan lodgement process and deliver a compelling online experience for brokers and their customers. More than technology, Ubank explained that the new broker platform is the cornerstone of… Read More

February 23, 2025 @ 7:54 pm By Omar Faridi  |  

Nu Holdings Ltd. (NYSE: NU), one of the largest digital financial services platforms, released its Fourth Quarter and Full Year 2024 financial results. Financial results are presented in accordance with International Financial Reporting Standards (IFRS). David Vélez, founder and CEO of Nubank said: “2024 was… Read More

February 17, 2025 @ 5:02 pm By JD Alois  |  

Varo Money, a federally chartered digital bank, is raising growth capital. According to a Form D filed with the Securities and Exchange Commission, Varo is seeking $55 million. As of the date of the filing, Varo has raised almost $29 million with around $26 million… Read More

February 16, 2025 @ 6:17 pm By Michael Wong  |  

Derayah Financial Company has priced its initial public offering (IPO) at 30 riyals ($8) per share, the upper end of its indicated range, following strong demand from institutional investors. The Saudi-based independent digital investment platform attracted 243 billion riyals ($64.79 billion) in total orders during… Read More

February 6, 2025 @ 6:40 pm By Omar Faridi  |  

Santander Bank, N.A. (NYSE: SAN) announced that the Openbank digital bank platform topped $2 billion in total deposits since going to market in the United States in the fourth quarter of 2024. This achievement is said to represent a key milestone in the Santander US… Read More

February 3, 2025 @ 8:09 am By Omar Faridi  |  

European digital bank N26 has recently announced the completion of its conversion from a German Stock Corporation (Aktiengesellschaft, AG) to a European Company (Societas Europaea, SE). N26 noted in the update that this step reflects the company’s commitment to evolving its corporate governance and “aligning… Read More

February 2, 2025 @ 5:39 pm By Michael Wong  |  

Egypt-based fintech Halan Microfinance Bank has expanded its footprint into Pakistan following its acquisition of Advance Microfinance Bank. The deal provides Halan with an existing license and a rapid route into one of South Asia’s fastest-growing microfinance sectors, according to an announcement. The company announced… Read More

January 29, 2025 @ 10:07 am By JD Alois  |  

LendingClub (NYSE:LC), a digital bank, reported Q4 earnings yesterday, touting a rise in loan originations by 13%, an increase in revenue of 17%, and growth in total assets of 20% when compared to Q4 of 2023. While revenue rose, net income declined quarter over quarter… Read More

January 28, 2025 @ 2:53 pm By Omar Faridi  |  

SoFi Technologies, Inc. (NASDAQ: SOFI), a “one-stop” shop for digital financial services that helps members borrow, save, spend, invest and protect their money, reported financial results for its fourth quarter and fiscal year ended Dec 31, 2024. Anthony Noto, CEO of SoFi Technologies, Inc. said:… Read More

January 25, 2025 @ 5:27 pm By Omar Faridi  |  

Digital bank Revolut, which provides the global fintech platform and super-app claiming over 10 million users in the UK and 50 million worldwide, has significantly enhanced the interest rates for its UK Instant Access Savings account. With rates now as high as 5% AER (variable),… Read More

January 24, 2025 @ 7:49 am By Omar Faridi  |  

N26 announced free stocks and ETF trading for all customers from 27 January 2025 onwards, enhancing its investment proposition as the “only” financial service provider in Europe to offer trading “without charging fees or commissions.” With this decision, N26 aims to make investing even more… Read More

January 23, 2025 @ 8:14 am By Omar Faridi  |  

Sygnum, a global digital asset banking group who recently announced its expanded EU market entry, is enhancing its B2B platform offering via a collab with Societe Generale-FORGE, the digital asset subsidiary of one of Europe’s financial services groups, Société Générale. The EUR CoinVertible (EURCV), a… Read More

January 23, 2025 @ 8:12 am By Omar Faridi  |  

UK’s digital bank Monzo, one of the nation’s most widely-used banking app providers, is gearing up for an initial public offering (IPO) by 2026. The announcement has sparked significant interest in both the financial sector and the broader tech ecosystem. Monzo has become a sort… Read More

January 21, 2025 @ 8:19 am By Omar Faridi  |  

Revolut, a digital bank claiming over 50 million customers globally has announced the roll-out of In-App calls to personal customers, a security measure to help customers uncover impersonation scams, and make contact between customer support and customers “more reliable and safer.” Impersonation scams are when… Read More

January 20, 2025 @ 3:24 pm By Omar Faridi  |  

Atom bank, the UK’s digital banking platform, released research which highlights a knowledge gap among UK homeowners when it comes to Energy Performance Certificates (EPCs) and the cost of retrofitting. The data reveals that over half (53%) of homeowners are “unaware of their home’s EPC… Read More

January 13, 2025 @ 8:18 pm By Omar Faridi  |  

WeLab Bank announced its achievement of first-time breakeven in Dec of 2024 – which is just over 4 years after its establishment. This milestone exemplifies WeLab Bank’s ability to achieve profitability “at a pace faster than anticipated.” As mentioned in the announcement, the accomplishment was… Read More

January 9, 2025 @ 6:21 pm By Omar Faridi  |  

Pyth Network and digital banking plaform Revolut are focused on enabling the future of mainstream finance. As the boundaries between traditional and decentralized finance blur, Revolut—a global enabler of digital banking—has partnered with Pyth Network as a data publisher to contribute its “trusted price data”… Read More