February 13, 2019 @ 8:09 am By Samantha Hurst  |  

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

February 10, 2019 @ 4:42 pm By Samantha Hurst  |  

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

February 5, 2019 @ 8:28 am By Samantha Hurst  |  

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

January 31, 2019 @ 9:04 pm By Samantha Hurst  |  

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

January 24, 2019 @ 8:56 am By Samantha Hurst  |  

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

January 22, 2019 @ 9:57 am By Samantha Hurst  |  

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

January 15, 2019 @ 12:04 pm By Samantha Hurst  |  

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

January 14, 2019 @ 11:05 am By Samantha Hurst  |  

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

January 10, 2019 @ 2:12 pm By Samantha Hurst  |  

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

January 4, 2019 @ 9:28 am By Samantha Hurst  |  

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

January 4, 2019 @ 8:35 am By Samantha Hurst  |  

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

December 5, 2018 @ 9:58 am By JD Alois  |  

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

October 21, 2018 @ 8:32 pm By JD Alois  |  

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

July 24, 2018 @ 9:42 am By Samantha Hurst  |  

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

July 12, 2018 @ 8:27 am By Samantha Hurst  |  

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

July 4, 2018 @ 12:19 pm By Samantha Hurst  |  

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

June 29, 2018 @ 11:21 am By Samantha Hurst  |  

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

June 21, 2018 @ 7:34 am By JD Alois  |  

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

June 20, 2018 @ 11:11 pm By JD Alois  |  

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

June 18, 2018 @ 9:20 am By Samantha Hurst  |  

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