Tagged: digital banking

Spanish Neobank Bnext Surpasses £2.6 Million Through Crowdcube Funding Round

Bnext, a Spain-based mobile-first neobank, has successfully secured more than £2.6 million through its equity crowdfunding campaign on Crowdcube. The funding round, which originally sought to raise a minimum of £1 million, was launched just weeks after the digital banking startup raised $25 million through… Read More

DayTek Capital Plans Launch of “Product Disruptive” Digital Bank in Australia: Infinity

DayTek Capital says it expects to launch a new digital bank “Infinity” in Australia by mid-2020. The company describes the forthcomin bank as “product disruptive,” without providing too many details. Additionally, DayTek reports the Australian government is assisting with the Fintech getting established as Trade… Read More

Tandem Bank Announces Hong Kong Expansion

Tandem Bank is expanding into Hong Kong. The UK based challenger bank announced in a release that Tandem is working closely with Convoy Global Holdings on the launch. Tandem Bank expects to officially open up operations before the end of 2019. Convoy Global Holdings is… Read More

Subaio Launches New Subscription Management Service at Several Nordic Banks

Subaio has launched its subscription management service at several Nordic banks, including Bulder Bank, a new challenger bank. The Subaio product provides users an overview of their subscriptions and the recurring payment schedules. The solution allows users to make changes to their subscriptions or cancel… Read More

Australia’s Westpac Banking Corporation Is Planning to Launch a New Digital Banking Platform

Sydney-based Westpac, one of Australia’s first banks and first companies, is reportedly planning to introduce a new digital banking platform in order to attract younger clients that may otherwise prefer opening accounts at neo banks. Westpac’s decision to launch a new digital brand was announced… Read More

BBVA Introduces End-to-End Digital Onboarding for the Bank’s Business Clients

Over 650,000 companies can register to become BBVA Spain customers, via an online process that reportedly takes a few minutes to complete.  BBVA has been offering various online enrollment options for private clients. The institution is the first bank in Spain to launch an online… Read More

Update: Anna Money Surpasses £3.5 Million in Funding Through Seedrs Round

Anna Money, a UK-based fintech that specializes in SME business banking, has successfully secured £3.5 million in funding through its equity crowdfunding campaign on Seedrs. The funding round was launched last month and quickly surpasses its initial £3 million funding target. Anna stands for Absolutely… Read More

Radius Bank Announces New Partnership With Credible For Digital Marketplace Expansion

U.S. digital bank Radius Bank announced on Thursday it has teamed up with Credible to expand its digital marketplace. Radius Bank reported that through the partnership, consumers can source competitive rates for student loans, student loan refinancing and personal loans through the Radius platform. The… Read More

Digital Banking Platform 2gether Announces Integration With Ethereum Token Basic Attention Token

Digital banking platform 2gether announced on Tuesday its support for Brave and the addition of Basic Attention Token (BAT) to its list of existing tokens. 2gether reported that BAT is a utility token based on the Ethereum blockchain and acts as a medium of exchange… Read More

N26 Milestone: Digital Bank Now Has More Than 1 Million Customers in France

Digital-only bank platform N26 announced this week it now has more than one million customers in France. The banking group reported it launched its services in the country less than three years ago with a goal to become the first bank that the French “like… Read More

Almost Half of UK’s Young Bank Customers Would Switch to Another Financial Service Provider for a Better Online Experience

Approximately half, or 50%, of young consumers in the UK would consider opening an account with a different bank to receive a better online banking experience, according to a report by software firm Mulesoft. The tech company investigated bank account holders’ attitudes and preferences related… Read More

Overfunding: UK Fintech Anna Money Surpasses £3 Million Funding Target on Seedrs

Anna Money, a UK-based fintech that specializes in SME business banking, has successfully secured its initial £3 equity crowdfunding campaign target on Seedrs. As previously reported, Anna stands for Absolutely No-Nonsense Admin. The company describes itself as a business current account for startups and small… Read More

Global Digital Banking to Grow By $2 Billion, Retail Banking Market to Reach $6.3 Billion By 2025: Report

The global digital banking market is expected to grow by $2 billion, with a compounded growth rate of 4%. The retail banking sector is projected to expand by more than 4.1%, according to a recent study. As noted in a release, the retail banking industry… Read More

Digital Bank Revolut Plans to Hire 3500 New Staff Members for Company’s Global Expansion

Revolut, a UK-based digital bank and Fintech unicorn, will be hiring around 3500 new staff members, as the company expands its operations into 24 new markets.  Revolut’s expansion plans involve a new global partnership with payments giant Visa Inc, the two companies revealed on September… Read More

UK Fintech Anna Money Now Seeking to Raise £3 Million Through New Seedrs Funding Round

Anna Money, a UK-based fintech that specializes in SME business banking, is now seeking £3 million through its newly launched equity crowdfunding campaign on Seedrs. The funding round was launched just a little over six months after Anna Money received an £8.5 investment from tech investment firm,… Read More

Radius Bank Teams Up With Wallit to Teach Teenagers Smart Money Habits

Radius Bank, a U.S.-based digital bank, announced on Monday it has formed a partnership with Wallit, a rewards-based savings app for families, to teach teenagers smart money habits. Radius reported it will serve Wallit as a banking partner providing FDIC insurance. Radius Bank reported that… Read More

Australian Neobank Xinja Bank Receives License & Launches Bank Accounts

Xinja Bank, an Australia-based neobank, announced on Monday it has received its full banking license from the Australian Prudential Regulation Authority (APRA) and has launched its bank accounts.  Founded in 2017, Xinja Bank describes itself as an independent 100% digital neobank for Australians that is… Read More

Radius Bank Teams Up With Mobile Fist API Banking Platform NorthOne For Small Business Checking Account

Radius Bank, a virtual bank focused on providing clients with banking solutions to better financial health, announced on Wednesday it has formed a new partnership with NorthOne, a mobile-first, API-enabled banking platform to create small business checking accounts. Radius Bank reported the partnership is the… Read More

Digital Banking Group Varo Money Launches No Fee Overdraft Feature

Digital-only challenger bank Varo Money announced on Tuesday it is now offering No Fee Overdraft. According to Varo, the No Fee Overdraft feature allows customers to overdraft their bank account balance up to $50 with no fee and no interest when they meet certain eligibility requirements…. Read More

BBVA to Offer Digital Customer Onboarding For All Operation Territory By the end of 2019

BBVA announced on Tuesday it is set to offer digital customer onboarding everywhere it operates by the end of this year. According to the banking group, this digital onboarding process is based on biometric identification technologies, which is already available in Spain, will now reach other… Read More

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