Tagged: online banking

Digital Banking Group Penta Tops Series B+ Investment; Now Amounts to €30 Million

    Digital banking group Penta announced on Tuesday it has topped up its Series B+ investment round. The company reported the total investment now amounts to €30 million. As previously reported, Penta describes itself as a digital platform for business banking that is aimed… Read More

Transferwise Announces Rebranding to “Wise”

  Fintech Unicorn and stealth bank Transferwise announced on Monday it has officially rebranded to just Wise. Kristo Käärmann, Co-Founder and CEO of Wise, revealed in a blog post the rebranding is to show customers that the platform is more than just for money transfers…. Read More

N26 Launches Free Standard Bank Account that Offers 100% Digital Banking Experience

  Digital-only bank platform N26 announced earlier this week the launch of its new N26 Standard banking account. According to N26, the new account offers a 100% digital banking experience. N26 Standard bank accounts are available at no monthly cost, and of course, both virtual and… Read More

BBVA USA Launches BBVA Insights to Online Banking & Mobile Banking App

  BBVA USA announced it recently launched BBVA Insights in its online banking and mobile banking app. According to BBVA USA, BBVA Insights is powered by MX, a fintech innovator who helps organizations deliver data-driven money experiences, and offers the MoneyMap with Pulse feature. “By leveraging MX’s… Read More

Tide Charity Reportedly Awards  £175,000 to Small Businesses Impacted By COVID-19 Pandemic

  UK-based challenger bank Tide recently announced its Tide Charity has donated £175,000 to small businesses that have been impacted by the COVID-19 pandemic. According to Tide, the charity launched in November 2020 in partnership with the Daily Mail, Karren Brady, and The Federation of Small Businesses. Its mission is… Read More

Tandem Bank Unveils “Green” Instant Access Savings Account

UK digital banking group Tandem Bank announced on Friday it launched its new Green Instant Access Saver, knowing how most UK customers would opt for green options when it comes to their money. The company reported that in a recent survey carried out by the… Read More

Nordea Plans: Aiming to Become a Net-Zero Emissions Bank By 2050

  Nordic banking group Nordea recently announced it has updated its plan to fully integrate sustainability into its business strategy with a long-term objective to become a net-zero emissions bank by 2050 at the latest. Nordea revealed in order to become a net-zero emissions bank by 2050, it has… Read More

Varo Bank Unveils New Brand Identity & Campaign

    Digital banking group Varo Bank announced on Thursday it has unveiled a new brand identity and a groundbreaking new campaign, “A bank for all of us,” as part of its first multi-million dollar, integrated brand launch across TV, radio, and out of home in… Read More

TD Bank Creates New Commercial Bank

  TD Bank recently announced it has combined its previous commercial and corporate with speciality banking teams to create a new commercial bank. According to TD Bank, the commercial banking will drive growth as well as deliver a “better” client and colleague experiment and create… Read More

Digital Transformation: Germany’s Commerzbank to Invest €1.7B into Digitizing Banking Operations, will Close Down Many Physical Branches, Lay Off Staff

Germany-based lending company Commerzbank has announced that it will be cutting around 10,000 jobs and will permanently shut down 340 branches by 2024. The company confirmed that it plans to focus more on its digital transformation strategy so that it can lower operational costs and… Read More

N26 Milestone: Now Has Seven Million Customers Across 25 Markets

    Digital-only bank platform N26 announced on Wednesday it now has seven million customers across 25 markets. This news comes just days after N26 celebrated its sixth birthday. As previously reported, N26 claims it is building the first mobile bank that the world loves to use…. Read More

Digital Banking Platform Monzo and Xero Provide Tax Filing Tips for Self-Employed Professionals

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

Alternative Credit Solution Provider FinScore Partners UnionBank to Provide Online Lending Services

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

P2P Digital Payments like Chase QuickPay with Zelle are Increasingly being Used During COVID: Survey

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

Allison Beer, Head of Digital at Chase, Reveals that More than Half of the Bank’s Digitally Active Clients are Over 50 Since Start of COVID

As the COVID-19 pandemic continues to affect billions of people globally, digital platforms remain the most accessible and safest way for many consumers to take care of their daily tasks including banking. New users have had a lot of time during the Coronavirus crisis to… Read More

Fintech Adoption Is on the Rise Globally with Over 250 Neobanks Operating in Major Financial Markets: Report

The neo-banking sector might be more likely to get negatively impacted by the socioeconomic uncertainty created by the COVID-19 pandemic than incumbents. Digital banks like Xinja have been forced to shut down while certain Fintech segments such as lending service providers have also been adversely… Read More

Many More Americans Now Consider a Digital Bank to be their Primary Account, Financial Literacy Specialist Reveals

Katana Dumont, who writes about personal finance and financial literacy topics, notes in blog post published by Chime Financial Inc., a US-based banking challenger valued at around $14.5 billion, that modern technology is shaking up or disrupting the finance industry in a major way. She… Read More

Plaid Announces New Partnership With Curve

  U.S. fintech Plaid announced on Wednesday it has formed a new partnership with fellow fintech Curve. According to Plaid, the partnership was created to help give people in the UK a “holistic view” of their money, make the most of their spending, as well… Read More

Radius Bank Forms Partnership With Narmi to Launch Enhanced Online Banking & Mobile App Experience for Small Business Clients

  U.S. digital bank Radius Bank announced on Tuesday the recent launch of its enhanced online business banking platform and mobile app for small business clients. According to Radius Bank, The overhauled user experience was the result of the bank’s continued partnership with fintech startup… Read More

Digital Banking: Luvleen Sidhu, CEO at BankMobile, Claims Online Banks Might be Even Safer than Physical Branches

Luvleen Sidhu, Co-Founder and CEO at BankMobile, an established US-based digital banking platform, reveals that she was only 28-years-old when she had launched BankMobile Technologies, which will be acquired by Megalith Financial Acquisition Corporation (NYSE:MFAC) (as reported in August 2020). In only six years, the… Read More

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