Tagged: virtual bank

European Digital Bank bunq Reports Net Profit of €53.1M in 2023

bunq, which claims to be the second largest neobank in Europe, reports a net profit of €53.1 million in 2023. A “testament” to bunq’s sustainable business model proven to yield record profits throughout 2023, the challenger will “direct its net profit to propel its global… Read More

Australia’s Digital Banking Platform Ubank Warns Consumers About Rise in Scams, Fraudulent Activities

Ubank’s Chief Product Officer, Andrew Morrison, has provided his top tips on staying alert and scam-savvy this holiday season. For many of us at this time of year, the focus has shifted to holiday gift-giving, finalizing travel plans, and managing money coming in and out… Read More

Digital Banking: Libyan Islamic Bank Teams Up with Fintech Platform Backbase

In an effort to streamline its customer service operations and enhance its customers’ digital banking experience, Libyan Islamic Bank (LIB) has partnered with Backbase, the enabler of engagement banking platform solutions worldwide. Established in 2017 with a primary focus on retail and corporate segments, LIB… Read More

European Digital Bank N26 Releases Profitability Expectations, Announces Upcoming Trading Product

N26 Group shared an overview of its business and product strategy through to the year 2024. The European digital banking services provider also announced key financial figures “for the fiscal year ended December 31, 2022, as well as an outlook for the 2023 fiscal year… Read More

CaixaBank to Serve as Sustainability Coordinator for Green Financing Loan Arranged with European Banking Providers

CaixaBank will be the Sustainability Coordinator for the €750-million green financing loan that Acciona Energía has arranged, with a banking pool comprising nearly thirty Spanish and international institutions. The facility has been classified as Green Finance as it “will facilitate working capital for projects in… Read More

Fintech Backbase Expands Operations to Chile with Banco Security, Streamlining Digital Banking Services

Banco Security will enhance its digital offering with Backbase‘s Engagement Banking platform, laying the foundation for the next generation of banking services. As part of its comprehensive $50 million digital investment plan spanning four years, Grupo Security is driving “a set of initiatives aimed at… Read More

Regtech AMLYZE Teams Up with Digital Banking Platform Plumery

AMLYZE, a RegTech specializing in anti-financial crime solutions for FinTechs, banks and crypto businesses, and Plumery, a digital banking solution provider, have joined forces in a partnership in order “to reshape the landscape of financial technology.” With a commitment to combating financial crime, AMLYZE offers… Read More

Fintech Bluevine Launches Business Banking Plan Offering 4.25% APY on Up to $3M in FDIC-Insured Deposits

Bluevine, the digital banking platform specifically designed for small businesses, announced the launch of Bluevine Premier giving business owners the opportunity “to earn 4.25% Annual Percentage Yield (APY) on their Bluevine Business Checking balances up to $3 million, plus 50% off most standard payments fees,… Read More

Fintech Platform Alkami to Provide Financial Institutions with Direct Access to Plaid’s Services

Alkami Technology, Inc. (Nasdaq: ALKT), a cloud-based digital banking solutions provider for financial institutions in the U.S., announced today that it has enabled its financial institution clients to benefit from direct application programming interface (API) access to Plaid, a data network powering over 8,000 popular… Read More

American Express Business Checking Is Now Offered to Eligible US Small Businesses

American Express (NYSE:AXP) announced that American Express Business Checking is now available to any eligible U.S. small business, “offering a digital banking experience with no monthly maintenance fees, 24/7 service, and the ability to earn and redeem Membership Rewards points with select travel partners and… Read More

Apiture, DefenseStorm Offer Real-Time Fraud Protection for Financial Institutions

Apiture, a provider of digital banking solutions, announced the introduction of enhanced fraud detection through a partnership with DefenseStorm, provider of the only built-for-banking cyber risk management platform. Integrated with the Apiture Digital Banking Platform, the DefenseStorm GRID Active Fraud Detection solution “protects financial institutions… Read More

UK’s OakNorth Bank Increases Support for Entrepreneurs with Business Banking Offering

OakNorth, a UK digital bank, says it has launched its business banking services, aimed at “helping mid-sized businesses (revenue of £1m-£100m) that are currently overlooked and underserved in the UK’s current financial landscape.” OakNorth is authorized and regulated by the Prudential Regulation Authority and the… Read More

Revolut Appoints Francesca Carlesi As CEO of UK Division

Digital bank Revolut has reportedly appointed Francesca Carlesi as CEO of its UK operations, the Fintech company confirmed in a statement issued on Thursday. This new leadership announcement for Revolut should help the firm become a “global financial super-app.” Revolut, which is among the United… Read More

Digital Banking: Brazil’s Nubank Reaches 90M+ Customers in LatAm Markets

Nubank (NYSE:NU) has surpassed 90 million customers in Latin America in its operations in Brazil, Colombia, and Mexico, consolidating its position as one of the fastest-growing financial services companies in the world. David Vélez, Nubank’s founder and CEO, at an event for the press and… Read More

Digital Bank Revolut Headcount Reaches 7500+ Workers, with Expansion into Brazil, India, Other Markets

Revolut, the financial super app with over 35 million customers globally, has been officially certified as a Great Place to Work. Following participation in a certified study, “based on the strength of its employee experience, Revolut has been recognised as a Great Place to Work… Read More

UK’s Digital Bank Monzo Is Reportedly Holding Talks to Sell £300M Stake

Uk’s digital bank Monzo is reportedly holding discussions in order to potentially sell a new £300 million stake. As first reported by Sky News, the share sale, which may value Monzo at over £3.5 billion, is probably the final such transaction before it goes after… Read More

High Income-focused Digital Bank Nubank Extends Ultravioleta Client Benefits

Nubank (NYSE:NU), which claims to be one of the world’s largest digital financial services platforms, announces a new curation of exclusive benefits for its Ultravioleta customers. In addition to the black credit card offering 1% cashback, users will have access to constantly evolving solutions, “focused… Read More

Australia’s Digital Banking Platform Ubank to Focus on Serving Tech-Savvy 18-35 Age Group

Ubank’s CEO Philippa Watson and Head of Product for Everyday Banking, Andy Wright recently shared key insights at the 10th annual Australian FinTech Summit. In a discussion during the 10th annual FinTech Summit, ubank’s CEO Philippa Watson shed light on how ubank is “redefining customer… Read More

Philippines based Neobank Tonik Introduces Insurance Services

Tonik, the digital bank in the Philippines, is pleased to announce its newest strategic partnership with life insurance company Sun Life Grepa Financial, Inc.. This transformative collaboration aims “to enhance the financial well-being of the companies’ valued customers.” The focal point of this groundbreaking partnership… Read More

Digital Bank Revolut to Expand US Operations, Moves Headquarters Closer to Wall Street

Wall Street Subway Station New York City

Revolut, the global financial super app provider with more than 35 million clients  worldwide and nearly 1 million in the United States, is reportedly expanding its presence and moving into new office locations off Wall Street. Europe’s highest-valued Fintech company, at around $33 billion, reveals… Read More

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