Tagged: digital banking

June 25, 2019 @ 12:51 pm By Samantha Hurst  |  

UK-based digital banking platform Starling Bank announced on Tuesday it has formed a new partnership with Direct Line Group to allow current account customers to apply for home insurance directly through Starling’s in-app marketplace. According to Starling, the partnership will enable customers to securely connect… Read More

June 20, 2019 @ 9:05 am By Samantha Hurst  |  

UK challenger bank Monzo addressed recent issues concerning its bank transfer services. The digital banking platform reported that on May 30th, around a quarter of bank transfers into Monzo accounts were failing or delayed by several hours and bank transfers from the Monzo accounts were… Read More

June 13, 2019 @ 3:50 pm By Samantha Hurst  |  

Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, announced on Thursday the launch of its instant cashback scheme offering 1% on all purchases at some brands and retailers. According to Curve, the new program, which… Read More

June 13, 2019 @ 2:47 pm By Samantha Hurst  |  

Germany-based challenger bank N26 announced on Wednesday it is now offering its banking service to 3.5 million customers worldwide. The company also revealed that it is a global employer with more than 1300 employees across 60 nationalities. “As well as headquarters in Berlin, offices in New… Read More

May 20, 2019 @ 3:52 pm By Samantha Hurst  |  

UK challenger bank Monzo announced on Monday it has attracted two million users to its digital banking platform. Founded in 2015, Monzo reported that it is building a “new kind of bank” that lives within smartphones and is built for the way users live today…. Read More

May 12, 2019 @ 6:33 pm By Samantha Hurst  |  

Loot, a UK-based digital bank startup, is set to launch a new equity crowdfunding campaign on Seedrs. Founded in 2014, Loot describes itself as a current account and contactless Loot Mastercard card that offers insights into spending with personalized features to manage money. The company… Read More

May 9, 2019 @ 8:33 am By Samantha Hurst  |  

The Hong Kong Monetary Authority (HKMA) has issued four more virtual banking licenses. The newly minted digital banks include: Ant SME Services (Hong Kong) Limited, Infinium Limited, Insight Fintech HK Limited, and Ping An OneConnect Company Limited. HKMA said that the four newly licensed virtual… Read More

May 7, 2019 @ 7:22 am By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Tuesday it has teamed up with Orange Money to launch a new digital payment and banking service in Eastern Europe. Wirecard reported it is now offering a financial commerce solution that allows contactless payments… Read More

April 29, 2019 @ 1:55 pm By Samantha Hurst  |  

Cross River, a bank that delivers advanced financial and compliance products/services to the fintech industry, announced on Monday it has teamed up with RS2 to offer a new digital banking experience. Through the collaboration, Cross River and RS2 will provide merchants with a global payment… Read More

April 18, 2019 @ 2:07 pm By Samantha Hurst  |  

T-Mobile (NASDAQ: TMUS) recently announced the launch of its new T-Mobile MONEY, which is a no-fee, interest-earning, mobile-first checking account that anyone can open and manage right from their smartphone. T-Mobile reported that with T-Mobile MONEY eligible Un-carrier customers can earn an industry-leading 4.00% Annual… Read More

April 10, 2019 @ 11:34 am By Samantha Hurst  |  

UK-based challenger bank Redwood has reportedly surpassed £100 million in lending. As previously reported, Redwood is considered one of the newest additions to the future of banking, joining peers such as Monzo, Starling, Revolut and more. Redwood is on a mission to target the SME… Read More

March 20, 2019 @ 10:00 am By Samantha Hurst  |  

Just days after announcing plans to create 150 jobs in its new Southampton office, UK-based digital banking platform Starling Bank announced its new 3D Secure feature. According to the banking group, 3D Secure is a tool for online transactions that require the account holder to… Read More

March 19, 2019 @ 3:26 pm By Samantha Hurst  |  

Following its beta launch in Spain, 2gether, a digital banking platform, announced it has begun its European expansion. Founded in 2016, 2gether describes itself as not just a Neobank that’s aiming to displace incumbent banks, but a next-generation banking platform that aims to dramatically improve the… Read More

March 15, 2019 @ 9:34 pm By Samantha Hurst  |  

Just weeks after securing a £100 million grant from the Capability and Innovation Fund (CIF), UK-based banking platform Starling Bank announced it is set to create 150 jobs in its new Southampton office. According to Starling Bank, the office will be open by the summer… Read More

March 5, 2019 @ 1:06 pm By Samantha Hurst  |  

Chime, a U.S.-based app-only bank, has reportedly secured $200 million through its latest investment round, which was led by DST Global. This news comes just two months after the banking startup announced it is on track to open more than 100,000 bank accounts per month… Read More

February 25, 2019 @ 10:53 am By Samantha Hurst  |  

Germany-based global provider of digital payments and commerce solutions Wirecard announced on Monday it is now offering Apple Pay to Czech Republic customers of Twisto, a mobile payment provider. Wirecard reported that the Czech Republic is the latest country where it has integrated Apple’s payment service immediately upon the… Read More

February 22, 2019 @ 9:08 am By Samantha Hurst  |  

UK banking platform Starling Bank announced on Friday it has been awarded a £100 million grant from the Capability and Innovation Fund (CIF). According to Starling Bank, the grant comes from a £775 million fund created as a condition on RBS for accepting £45 billion bailout… Read More

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