Tagged: digital bank

Chime CEO Chris Britt Discusses Recent Funding Success & Future Plans With CNBC

  Following the recent announcement that app-only banking service Chime raised $485 million through a Series F round, CEO of the company, Chris Britt, sat down to discuss the funding round, as well as Chime’s future plans. As previously reported, Chime is on a mission… Read More

Digital Banking Service “One” Makes Debut

One, a U.S. digital banking startup, announced earlier this week it has officially launched its services. The company reported it is on a mission to “redesign banking for modern life” by combing digital banking with a full suite of products that traditional banks offer. Created… Read More

JPMorgan backed Brazilian Fintech FitBank to Expand Payments Services Business into the US

Brazil-based FitBank Pagamentos Eletronicos SA, a Fintech firm backed by JPMorgan Chase, one of the world’s largest banks in terms of assets and scope of operations, is planning to establish an additional business office in the US during the first half of next year. The… Read More

US Banking Challenger Chime to Focus on Transaction Processing based Business Model, After Reaching $14.5 Billion Valuation with Additional Funding

US-based banking challenger Chime Financial Inc. is now valued at $14.5 billion, which is significantly more than Robinhood, another fast-growing Fintech Unicorn that recently reached a valuation of $11.2 billion after securing $200 million in additional funding last month. Chime has now become the most… Read More

Ziglu Zooms to Over £1 Million on Seedrs in Just 3 Hours

FCA authorized e-Money Institution Ziglu kicked off a crowdfunding round on Seedrs today and quickly topped its £1 million goal. The offering is live for up to 40 more days. According to the offering page, Ziglu is selling equity in the company at a pre-money… Read More

Spanish Financial Giant BBVA’s US Division Recognized as one of the Best Corporate Digital Banks in North America

The US division of the BBVA (NYSE:BBVA), a Spanish multinational financial services company based in Madrid and Bilbao, Spain with nearly €700 billion in assets, was recently recognized as one of the world’s best corporate and institutional digital banks in North America by Global Finance…. Read More

Overfunding: Spanish Fintech Challenger bnc10’s Crowdcube Campaign Quickly Secures £300,000 Funding Target

bnc10, a new fintech challenger based in Barcelona, Spain, has successfully secured its initial £300,000 equity crowdfunding target through its Crowdcube campaign, which has attracted more than 225 Crowdcube investors. Founded in 2018 and launching earlier this year, bnc10 stated it has grown rapidly, hitting… Read More

Ping An becomes First Chinese Institution to Win Euromoney’s Best Digital Bank Award, Now Over 30,000 Company Employees Working Remotely

Ping An Bank recently became the first Chinese financial institution to be named the world’s “best” digital bank at the Euromoney Awards. As mentioned in a release, Ping An Bank, which is a subsidiary of the Ping An Insurance Company of China, was named the… Read More

MENA Region Fintech Companies Continue to Apply for Digital Bank Licenses in the UAE

The Abu Dhabi Global Market (ADGM) has received applications from MENA region companies that are interested in launching digital banking platforms. Richard Teng, who works at the emirate’s international financial free zone as the head of its Financial Services Regulatory Authority, revealed that his organization… Read More

Switzerland’s Credit Suisse to Introduce App-only Banking Services to Compete with Fintech Challengers

Credit Suisse Plans New “CSX” Digital Banking Offering Switzerland’s Credit Suisse, a global wealth manager, has revealed that it will be introducing an app-only banking service, in order to compete with challenger banks. At the end of October 2020, Credit Suisse will launch “CSX” and… Read More

Digital Bank Revolut Introduces Services in Japan, Claims it Signed Up 10,000 Locals, After Acquiring License in 2018

Prominent digital bank Revolut has reportedly launched services in Japan, as it continues to move forward with its ambitious global expansion plans. The Fintech Unicorn had first acquired a license to offer services in the country back in 2018. Revolut’s management confirmed that its services… Read More

Anaxago Moves Neo-Private Bank Strategy Forward by Launching a Green Bond

Founded in 2012 in France as an equity crowdfunding platform, the Anaxago group powers on with carrying out its strategy to be the first 100% digital neo-private bank. The group aims to give to the greater number access to financial products combining impact and performance…. Read More

Digital Bank Starling Bank Offers Child Friendly Bank Account in Starling Kite

Starling Bank, a digital-only bank, has launched “Starling Kite” a child-friendly banking account that incorporates certain controls for parents and guardians. Starling Kite will be linked to an adult’s account to help track utilization while children aged between 6 to 16, will receive a banking… Read More

UK’s Digital Bank and Online Lender Zopa Begins Accepting Credit Card Applications

UK-based Zopa, a digital bank and online lender, has reportedly started accepting credit card applications, as it continues to expand its line of products and services. The company is offering a credit card with annual percentage rates starting from 9.9%, however, there’s a representative APR… Read More

Online P2P Lender Robo.cash Claims it’s Still Profitable, Despite COVID-19 related Issues, and Is Preparing for IPO in Dec 2020 in Australia

Online peer to peer (P2P) lender Robo.cash is reportedly getting ready to conduct its initial public offering (IPO) in Australia in December of this year. Robocash Group, which is the parent company of Europe based P2P lender Robo.cash, will be the next Fintech service provider… Read More

UK’s Digital Challenger Starling Bank Joins Monzo by Introducing New Fees, as Fintechs Struggle to Offer Competitive Services

UK based digital challenger Starling Bank has reportedly joined digital bank Monzo by introducing several new fees for certain services related to its British pound or GBP and Euro bank accounts. As reported recently, Monzo announced two new fees for its customers. The Fintech startup… Read More

New Milestone: Revolut Business Celebrates 500,000 Customers By Refreshing Platform Look & Introducing New Features

Digital bank Revolut announced on Thursday it has reached a new milestone by signing up a total of 500,000 business customers. The company noted that the milestone demo states considerable growth of its Revolut Business since it made its debut in July 2017. Along with… Read More

Revolut Adds Bitcoin Cash & Litecoin Offerings in the U.S.

Digital bank Revolut announced on Wednesday it has added Bitcoin Cash and Litecoin offerings in the U.S. According to Revolut, U.S. customers may now buy, hold, and sell Bitcoin Cash and Litecoin through its platform. You asked for it, so we delivered. We’ve added #BitcoinCash… Read More

Banking Challenger Current and Payments Tech Firm InComm to Offer Customers Option to Make Cash Deposits to Accounts at Major US Retail Outlets

InComm, an established payments technology firm, and Current, a US-based challenger bank serving Americans who have been “overlooked” by traditional financial service providers, have introduced a product that will allow Current members to make cash deposits to their accounts at major physical store locations across… Read More

Digital Banking: Varo Money Says $100 Million in Overdraft Fees Saved by its Customers

Varo Money, Inc., the first consumer Fintech in the US to become a chartered national bank, is reporting that it has saved its customers over $100 million in overdraft fees in the past year. Varo Bank became a fully chartered bank last month after a… Read More

Send this to a friend