Tagged: digital banking

Digital Bank N26 Appoints Arnd Schwierholz as CFO

N26, a European digital bank, announced the appointment of Arnd Schwierholz as its new Chief Financial Officer. The experienced manager will “lead the company’s financial department moving forward.” Arnd Schwierholz reportedly “brings decades of experience in the technology industry and in financial management for publicly… Read More

UK’s Starling Bank Starts 2023 with “Significant” Achievements

Starling Bank is starting the new year with “significant” achievements. The digital bank reveals that it “tops the Current Account Switch Service (CASS) leaderboard, is named Britain’s best current account by Finder.com, and makes the top ten in its debut entry to the UK Customer… Read More

Community Digital Bank and Alternative Investment Platform Fagura Raises €780,000 on Seedrs

Fagura, a Fintech that aims to become the “first community digital bank in CEE for anyone to borrow, invest and transfer money,” has raised over €786,000 on Seedrs. According to the offering page, 287 investors backed the firm, which easily topped its €400,000 initial funding… Read More

Philippines: Digital Banking Platform GoTyme Bank Partners with Mambu to Streamline Financial Services

Newly launched Filipino digital bank GoTyme Bank has partnered with global cloud banking platform Mambu in order “to deliver an innovative digital banking solution that is aiming to improve access to high quality financial services for Filipinos.” Singapore-based Tyme Group, which has partnered with Gokongwei… Read More

Goldman Sachs’ Consumer Lending Being Investigated by the Federal Reserve: Report

The US Federal Reserve is said to be investigating Goldman Sachs (NYSE:GS)  and their consumer operations – specifically consumer lending, according to a report. The news follows a difficult earnings report by Goldman that is being described as its worse earnings miss in a decade.  Goldman’s… Read More

Bitpanda, N26 Introduce Digital Asset Trading in Germany, Expand Across Europe

Bitpanda announced that the successful Austrian-only phase of their partnership with N26, one of the largest digital banks in Continental Europe, has been expanded. N26 customers from Germany, Portugal, Belgium, Ireland and Switzerland will now “be able to invest in a wide range of over… Read More

Digital Banking: Hong Kong’s WeLab Bank Launches Tesla Exclusive Loan with 0% APR

WeLab Bank, which claims to be the most innovative bank in Hong Kong, launched the Exclusive Limited-time Offer: Tesla-dedicated Loan with 0% APR “for selected Tesla owners and staff from selected organizations across Hong Kong.” Eligible customers will also “enjoy bonus offer including free supercharging1,… Read More

Goldman Sachs Disappoints in Difficult Environment, Scales Back Consumer Focus, Shares Sink in Early Trading

Goldman Sachs (NYSE:GS) reported Q4 2022 and full-year 2022 results this morning, falling short of analyst expectations. The operations of the world’s most prominent investment bank and aspiring Fintech have been challenged during a difficult economic climate. Recently, Goldman slashed approximately 3200 employees to cut… Read More

European Finance Solution Provider Qonto Moves Forward with Penta Integration

Qonto has revealed its roadmap for the integration of Penta. Qonto, which claims to be the European market leader in digital financial management for SMEs and freelancers joined forces with Penta, the digital business banking provider for SMEs and freelancers in Germany last summer. The… Read More

New SEC Filing Outlines How Much Goldman Sachs Earned in Consumer Segment, Platform Offerings

Goldman Sachs (NYSE:GS) has filed an 8-K with the Securities and Exchange Commission that describes the new divisional structure of the firm that was revealed last year. Last October, Goldman outlined its new reporting structure, which included the following: Asset and Wealth Management Global Banking… Read More

UK’s Starling Bank Expects to More than Quadruple Pre-Tax Profits in Annual Results

Starling Bank expects to “more than quadruple its pre-tax profits in its Annual Results for the year ending 31 March 2023.” According to an update shared with CI, the bank “generated annualized pre-tax profits of more than £250 million on the back of almost £600… Read More

India’s Axis Bank Teams Up with OPEN to Launch Digital Current Account Proposition for Businesses

Axis Bank, India’s third largest private sector bank, has partnered with the world’s fastest-growing digital banking enterprise, OPEN, “to provide a fully native digital current account journey for its customers including SMEs, freelancers, homepreneurs, influencers and more.” This partnership “offers the larger business community access… Read More

Digital Banking: Zopa Bank Crosses £3B Deposits Milestone

This week Zopa Bank has crossed the £3 billion deposits milestone, while their customers have collectively “opened 150,000 accounts to grow their savings faster in today’s challenging environment.” Zopa’s ambition is “to make the hundreds of billions in “zombie money” sitting idle in UK current… Read More

Brazil’s C6 Bank Offers 500+ Funds via an Investment Platform Integrated into its App

C6 Bank has again expanded the investment options available to its clients. Now, there are reportedly more than 500 funds listed on C6 Invest, the investment platform that is within the bank’s application. Among the options “are fixed income, equity, multimarket, currency and crypto funds,… Read More

Digital Bank N26 Announces Changes to Leadership Structure

N26 recently announced changes to its leadership organization. Effective immediately, N26 co-founder Maximilian Tayenthal will “take over the role of Chief Operating Officer, while retaining his role as Managing Director of N26 Bank AG.” N26 and Jan Kemper have jointly “agreed that he will step… Read More

Digital Banking: Israel’s Central Bank Issues Conditional License for New Virtual Bank: Esh Bank Israel

Israel’s reserve bank recently issued a conditional license for the launch of the nation’s second virtual bank, which is being co-led by Nir Zuk, the American-Israeli founder of the cybersecurity company, Palo Alto Networks, Inc. As first reported by The Times of Israel, Bank of… Read More

Digital Banking Platform Cogni Introduces Wallet to Integrate Web3 into Web2 Offerings

Cogni, the lifestyle-focused banking platform bridging the gap between Web2 and Web3, has announced the launch of its new Multi-Chain Wallet, the first of its kind “to integrate Web3 services within a traditional Web2 banking platform.” This integrated, non-custodial wallet “couples accessibility with security in… Read More

Fagura, which Aims to Build a Digital Banking Platform, Acquires €745,319 via Seedrs

Fagura, which aims to build the first digital bank in CEE “for anyone to borrow, invest and transfer money easily,” has secured 186% (€747,076) of its €400,006 target (at the time of writing) via Seedrs from 268 investors, with the crowdfunding campaign closing soon. Located… Read More

Brazil’s C6 Bank Enables Sending, Receiving Euros Abroad

Customers who have a Global Account with C6 Bank with a balance in euros have a new feature that “allows them to make international transfers in foreign currency.” The option, which was already available in the Global Dollar Account offered by C6 Bank, serves those… Read More

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