Tagged: digital banking

Digital Banking Platform Starling Bank Secures £60 Million Through Series C Funding Round Led By Merian Global Investors

UK banking platform Starling Bank announced on Wednesday it secured £60 million through its Series C funding round, which was led by Merian Global Investors, including the Merian Chrysalis Investment Company Limited (Merian Chrysalis). Starling Bank reported that it has raised further £15 million from its existing… Read More

Canadian Credit Union Meridian Announces Plans to Launch Digital Banking Platform “motusbank”

Meridian, a Canada-based credit union, announced last week the launch of its new digital platform, motusbank. According to Meridian, motusbank has already received the official go-ahead from the Office of the Superintendent of Financial Institutions (OSFI) and will open for business this spring. Its description reads: “motusbank… Read More

N26 Now Offering Apple Pay For Customers in the UK

Germany-based challenger bank N26 announced on Monday that Apple Pay is now available for its customers in the UK. According to N26, the mobile payment system integrated directly with N26 current accounts, which means customers may quickly add their Mastercard to Apple Pay directly in the N26… Read More

Standard Chartered Launches Second Wave of Digital-Only Retail Banks Across Four African Markets

Standard Chartered Bank announced on Thursday it has rolled out the second wave of its digital-only retail banks across four African markets. Standard Chartered reported it will launch its digital solution in four key markets during the first quarter of 2019 starting in Uganda in January,… Read More

Wirecard Partners With Swedish Fintech P.F.C. to Introduce New Digital Banking Solution to Consumers

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Thursday it is teaming up with Swedish fintech Personal Finance Co (P.F.C.), formerly Betalo, to introduce a new digital banking solution that is aimed towards hundreds of thousands of Swedish consumers. Wirecard reported that its… Read More

Canadian Fintech Mogo Milestone: Opens More than 200,000 New Member Accounts in 2018

Canadian fintech Mogo Finance Technology announced on Tuesday it opened more than 210,000 new member accounts in 2018, which brought its member base to approximately 756,000 on December 31st.  The company claims it is a digital challenger to the banks in Canada and empowers consumers with solutions… Read More

UnionBank Launches Fully Digital Branch in the Philippines

Appian (NASDAQ: APPN), a firm that provides a software development platform that combines intelligent automation and enterprise low-code development to rapidly deliver powerful business applications announces that UnionBank of the Philippines used the Appian Platform to launch its first fully digital branch. The branch, which… Read More

Tide Collaborates With ClearBank to Transform UK SME Banking Market

Tide, a UK-based SME challenger banking, announced on Monday it has formed a new partnership with ClearBank to help transform the UK SME banking market. Tide reported that through its support, ClearBank has applied for a grant from Pool A of the Capability and Innovation Fund… Read More

X Financial Names AlBank New Custodian Bank

China-based X Financial (NYSE: FXE) announced on Thursday it has engaged Citic AIBank Corp. (AIBank) as its custodian bank. According to X Financial, the appointment is considered a significant step in the company’s strategy to strengthen trust and security in its platform. As previously reported, X Financial… Read More

UK Digital Bank Monese Shares 2018 Successes & Announces 2019 Plans

Digital challenger bank Monese is celebrating the new year by reflecting on 2018 successes and revealing plans for 2019. As previously reported, Monese is licensed and regulated by the UK Financial Conduct Authority (FCA). It describes itself as an award-winning banking account that users can open instantly… Read More

Chime Milestones: Surpasses 750,000 Bank Accounts, 2.5 Million Transaction Volume, & Saved Members $72 Million in 2017

Chime, a U.S.-based app-only bank, announced earlier this week it is on track to open more than 100,000 bank accounts per month and expects to reach one million total this quarter. The banking group claims that with more than 750,000 bank accounts opened to date… Read More

Zopa Receives Banking License, Says it Will Redefine Banking with New Fintech Service

Zopa to Offer “Feel Good Money” Digital Bank Peer to peer lender Zopa has received authorization from both the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) to operate its much anticipated digital challenger bank. Initially, Zopa will operate with a bank licence with restrictions. Zopa… Read More

Goldman Sachs’ Digital Bank Marcus Rapidly Gains UK Consumer Accounts

Last week, Goldman Sachs (NYSE:GS) shared their 3rd quarter earnings report. Buried within the report was an update on Marcus, the digital bank and online lender that recently crossed the Atlantic setting up a beachhead in Europe by opening up in the UK in late September…. Read More

UK Digital Bank Monese Milestone: Hits 500,000 Sign Ups

Digital challenger bank Monese has successfully attracted 500,000 sign-ups to its banking platform. Founded in 2013, Monese is licensed and regulated by the UK Financial Conduct Authority (FCA). It describes itself as an award-winning banking account that users can open instantly on their phones. The company claims… Read More

Citizens Financial Group Debuts Direct-to-Consumer Digital Bank

Citizens Financial Group, Inc. (NYSE: CFG) announced earlier this week the launch of Citizens Access, a nationwide, direct-to-consumer digital bank. According to the banking brand, this new online platform offers compelling deposit products to serve an increasing number of digitally-savvy customers who value the unique benefits… Read More

Revolut Signs Up One Million Customers in the UK; Prepares for Global Expansion

Revolut, a digital-only bank that claims it is signing up over 120 businesses per day, announced on Wednesday it has signed up one million customers in the UK and saved them over $330 million in fees, as the London-based company continues to prep for global expansion…. Read More

JPMorgan Chase Launches Fully Digital Banking Experience “Finn by Chase”

On Thursday, JPMorgan Chase announced the launch of its all-mobile banking service, Finn by Chase. The service is now available nationwide to iOS users and offers a fully digital banking experience that helps users to “spend smarter and save better.” Chase reported this is the… Read More

Banco BNI Europa Commits to €50 Million to Linked Finance to Lend to Irish SMEs

Marketplace lending platform Linked Finance has secured a commitment from Portugal’s Banco BNI Europa, who will provide up to €50 million over a 2-year period, to lend to Irish SMEs. Niall Dorrian, CEO of Linked Finance, called the decision by Banco BNI Europa to deploy… Read More

SoFi Launches Bank Like Service: SoFi Money

It is a truism that we need bank like services but we really don’t need banks. The portfolio of services offered by a traditional analog bank sometimes feel cobbled together. Difficult to manage and expensive to use. Current accounts is an excellent example. For some… Read More

Dollar Bank Partners With Fintech Firm Fiserv to Launch New Digital Banking Experience

Fiserv, Inc. (NASDAQ: FISV), a global provider of financial services technology solutions, announced on Monday it has teamed up with Dollar Bank to launch the bank’s new digital banking and payment capabilities with a focus on the customer experience. According to Fiserv, Dollar Bank will build on its… Read More

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