Tagged: digital banking

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

Standard Chartered Announces Plans to Apply For Virtual Banking License in Hong Kong

Hong Kong City

Standard Chartered recently announced it is planning to apply for a virtual banking license in Hong Kong. According to South China Morning Post, Standard Chartered will be the first traditional bank to seek the license locally to operate fully online without any physical branches. Standard… Read More

Horicon Bank Teams Up With Finastra & Malauzai To Launch New Digital Banking Platform

Fintech

Horicon Bank announced this week it teamed up with Finastra and Malauzai to launch its new full digital banking platform for both its retail and business customers. The bank successfully launched the online and mobile banking platform for retail customers in January 2018 with plans… Read More

Revolut Prepares to Launch in Singapore; Announces North America & Other Asian Debuts

Digital challenger bank Revolut announced on Wednesday it is currently making plans to launch in Singapore. This news comes just after the company announced it launched “disposable’ virtual cards. “From clunky apps to hidden fees, banking as we know it is broken. That’s why we decided to… Read More

Texas Fintech Alkami Secures $70 Million Through Series D Funding Round Led by General Atlantic

Money Benjamin Dollars 100

Alkami, a Texas-based fintech, has secured $70 million through its Series D Funding Round, which was led by General Atlantic with participation from existing investors S3 Ventures, Argonaut Private Equity, and a number of other strategic fintech investors. Founded in 2009, Alkami stated it provides a… Read More

Revolut’s Big News: 1M Customers & £120m+ in Foreign Exchange Fee Savings

Revolut, the digital banking challenger, has signed up 1 million customers across Europe and reportedly saved consumers over £120m in hidden fees as the innovative fintech continues to disrupt traditional banking. London-based Revolut is now signing up between 3,000 and 3,500 new users every day, an… Read More

Kony Announces Digital Banking Marketplace Expansion

Kony, Inc., an enterprise mobility and digital applications company, today announced it is expanding its global partner ecosystem with financial technology solutions featured on the Kony Digital Banking Marketplace. According to Kony, the  Digital Banking Marketplace is described as  one-stop shop for pre-built fintech components, integrations and… Read More

First Data & Live Oak Bancshares Close Digital Banking Joint Venture Deal & Launch Apiture

First Data (NYSE: FDC) and Live Oak Bancshares, Inc. (NASDAQ: LOB) announced on Monday they have closed the digital banking joint venture deal that was announced earlier this year. The new company, named Apiture, will combine First Data’s and Live Oak Bank’s digital banking platforms, products, and… Read More

Digital Only Bank N26 Incorporates Mambu’s SaaS Banking Platform as Growth Ramps Up

N26, a digital only challenger bank based in Germany, has installed Mambu’s software to power its online banking service. Prior to receiving its full banking license in 2016, N26 utilized a partner banks platform. After its banking license was approved,  N26 used an in house… Read More

Meniga Raises €7.5 Million During Recent Equity Round As It Prepares to Advance Digital Banking Personalization

Meniga, a provider of digital banking technology for the world’s largest banks, announced on Friday it secured €7.5 million during its Series A funding round led by Nordic venture capital investor Industrifonden. Other participants in the round include current investors Velocity Capital, Frumtak Ventures, and… Read More

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