Tagged: digital banking

January 18, 2021 @ 10:03 pm By Omar Faridi  |  

UK challenger bank Monzo has announced several updates. The digital bank confirmed recently that the Year in Monzo 2020 is now available via its app. As explained by the banking challenger, the Year in Monzo shows customers key insights into how they spent, saved, and… Read More

January 18, 2021 @ 8:24 am By Omar Faridi  |  

UK-based digital bank Revolut notes that with the New Year comes new features. The challenger bank has launched a new desktop Web App that will allow customers to better manage their finances. In addition to the “handy” new desktop Web App, Revolut has introduced upgraded… Read More

January 17, 2021 @ 10:21 pm By Omar Faridi  |  

UK-based digital bank Starling claims that more consumers appear to be switching to its Fintech platform than “ever before.” As confirmed by review site Which?, Starling Bank has topped the chart for current account switches – which means that clients decided to part ways with… Read More

January 16, 2021 @ 11:49 pm By Omar Faridi  |  

Fintech industry professionals believe that this year we’ll begin to really take advantage of the accelerated digital technology adoption and ongoing development that surfaced in 2020 due to COVID-19. The Fintech sector has taken a major step forward with the global user base growing significantly… Read More

January 16, 2021 @ 8:19 pm By Omar Faridi  |  

New York-based Rho Technologies, a Fintech firm developing a platform focused on supporting business banking services, has acquired $15 million in capital through a Series A funding round – which was led by M13 Ventures. Rho’s investment round was also joined by Torch Capital, Inspired… Read More

January 16, 2021 @ 6:04 pm By Omar Faridi  |  

With digital or neo banking gaining more users and popularity during the Coronavirus pandemic, the leading challenger banks in the US and Europe recently confirmed steady growth and adoption. Trading Platforms reveals that seven US or American challenger banks managed to record a combined user… Read More

January 15, 2021 @ 9:39 pm By Omar Faridi  |  

Standard Chartered has teamed up with Indonesia’s Bukalapak in order to offer digital banking services which will be hosted via the Nexus platform, an established Banking-as-a-Service (BaaS) solution by SC Ventures. Standard Chartered and Bukalapak will be working closely so that they can provide innovation… Read More

January 14, 2021 @ 11:30 pm By Omar Faridi  |  

UnionBank in the Philippines has teamed up with FinScore, an alternative credit scoring solution provider that’s powered by advanced analytics and the latest telco data. Through the partnership, both organizations will aim to promote market efficiencies and help consumers access a wide range of digital… Read More

January 14, 2021 @ 10:33 am By JD Alois  |  

Top Fintech Marqeta has partnered up with digital bank Marcus to offer digital checking accounts expected to be available to users later this year. Marcus is the retail digital bank created by Goldman Sachs (NYSE:GS). Initially launched as an online lending platform, Marcus has emerged… Read More

January 13, 2021 @ 7:38 pm By JD Alois  |  

The Office of the Comptroller of the Currency (OCC) has conditionally approved Anchorage Trust Company, a South Dakota chartered trust company, to become Anchorage Digital Bank, National Association. Founded in 2017, Anchorage has emerged as a top digital asset platform serving institutions investing in the crypto… Read More

January 12, 2021 @ 9:18 am By Samantha Hurst  |  

  Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, announced on Monday it secured $95 million as part of its Series C investment round. According to Curve, the round was led by IDC Ventures, Fuel… Read More

January 11, 2021 @ 8:12 am By Omar Faridi  |  

Prominent digital bank Revolut is expecting half of its clients to deposit their salaries and switch over to Revolut as their main bank account provider, after the Fintech challenger has acquired a banking license. Revolut issued a statement earlier today stating it has submitted its… Read More

January 7, 2021 @ 8:39 am By Omar Faridi  |  

Fintech companies such as Revolut and Luno are experiencing a dramatic surge in demand from customers who are rushing to invest in Bitcoin (BTC) and other digital currencies amid record-breaking and unprecedented cryptocurrency price increases. Fintech app providers that offer crypto trading, like Revolut, eToro,… Read More

January 6, 2021 @ 10:26 pm By JD Alois  |  

The Norwegian Block Exchange, founded by Bjørn Kjos, who also founded Norwegian Airlines and Bank Norwegian, has received a 60 million NOK investment (USD$ $7.135 million). According to a note by Oslo based NBX, the funding will provide the financial robustness to pursue a banking… Read More

January 6, 2021 @ 9:49 am By Samantha Hurst  |  

Green Dot Corp. (NYSE: GDOT), a fintech and registered bank holding company, announced on Wednesday the launch of its new banking product. GO2bank. According to Green Dot, Go2Bank is designed to help the two in three Americans living paycheck to paycheck stretch their money further… Read More

January 5, 2021 @ 2:29 pm By Samantha Hurst  |  

  Oxbury Bank, a UK-based agricultural bank, is reportedly set to launch its banking platform. The banking group is notably planning to launch its platform after securing £15 million from the Duke of Westminister’s Wheatsheaf Group. Founded in 2018, Oxbury claims it is building the… Read More

January 4, 2021 @ 8:17 pm By Omar Faridi  |  

Asia might be getting ready to experience a digital banking revolution. During the next few years, the continent is expected to see over 50 new digital banks that could completely transform the financial services sector. GFT’s Christopher Ortiz claims that these developments may just be… Read More

January 4, 2021 @ 9:00 am By JD Alois  |  

Oxygen, an early-stage digital bank, has closed on a $17 million Series A round led by Runa Capital. The funding round included participation from S7V, 1984.vc, EFG Hermes, Rucker Park, and Inventures. Several high profile individual investors participated in the offering including Frank Strauss, Global… Read More

January 4, 2021 @ 7:42 am By Omar Faridi  |  

Digital bank Revolut has reportedly outpaced competitors Monzo and Starling in terms of the number of downloads during 2020. Notably, Revolut saw more app downloads last year than Monzo and Starling Bank combined. As first reported by the Telegraph, Revolut’s online banking app grew more… Read More

January 3, 2021 @ 8:40 pm By Omar Faridi  |  

Chase Bank has published the findings of its Digital Banking Attitudes Study— which was compiled after conducting a national survey of 1,500 consumers. The survey’s participants were asked about their preferences when accessing digital banking services. Consumers of all age different groups noted that these… Read More