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News Roundup

This page contains an archive of the Global Newsletter summaries and the weekly fintech news roundups.

Every day the Fintech Nexus news team scours the globe for the most important stories of the day to include in our daily newsletter.

Then every Saturday we bring you our weekly news roundup of the top 10 fintech stories of the week with commentary from Peter Renton.

To join our newsletter community please subscribe here.

Europe Fintech News Roundup

·Dec. 8, 2016

Digital Bank, N26, Expands to Continental Europe

Initially a German-only digital bank, N26 is now expanding to 17 countries across the continent including Spain, Italy, Greece, Ireland and Slovakia; according to Valentin Stalf, founder and CEO of N26, the company is looking at "disrupting retail banking further" with this expansion; the digital bank offers an eight minute signup process, real time money transfers and budgeting tools; in coming years they are looking to add new products like investments, savings, insurance products and artificial intelligence based features. Source

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Fintech News Roundup USA

·May. 12, 2020

Digital Banking Behavior Could be Short Lived in the U.S.

Since the onset of the pandemic banking customers have been forced to...

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Fintech News Roundup USA

·May. 14, 2018

Digital Banking Exposes Financial Firms to Increased Cyber Crime

Digital banking has been a big positive for the financial services industry,...

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Fintech News Roundup USA

·Mar. 20, 2020

Digital Banking Faces First Big Test with Crisis

Digital banking has been ramping up in recent years with digital only...

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Fintech News Roundup USA

·Mar. 24, 2020

Digital Banking for the Unbanked

Sen. Sherrod Brown, D-Ohio, is pushing for legislation which would require banks...

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Europe Fintech News Roundup

·Dec. 16, 2016

Digital Banking is Forcing Continued Branch Closures at UK Banks

Leading UK consumer organization, Which?, has published new research showing in the last two years 1,045 branches have closed; HSBC has closed 27% of branches, Lloyds has closed 14% and Co-operative Bank has closed 53% of branches; the banks have said the rise of digital banking has moved their customers away from in person branches; while the move to digital banking is continuing, research by Bain also shows that 40% of global customers would consider a new bank if their branch was closed. Source

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Europe Fintech News Roundup

·Mar. 24, 2017

Digital Banking Landscape in France

Business Insider provides data on the number of challenger banks by country; this week Carrefour Banque, a subsidiary of Carrefour, that also operates a multinational retailer, shared that they were launching a new current account under the name C-Zam; the retailer operates in 30 countries and has over 1,000 stores in France which puts them in a unique position to acquire customers; other players prevalent in the French market include BNP Paribas which launched Hello Bank in 2013 and ING Direct which launched in 2010; startups Qonto and N26 also operate in Europe. Source

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Fintech News Roundup USA

·May. 18, 2018

Digital Banking Startup Chime Has Passed One Million Customers

Chime, a 5-year-old digital banking startup, has passed 1 million customers and $4.5...

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Fintech News Roundup USA

·Jan. 19, 2018

Digital Banking Startup Varo Money Raises $45mn

Mission based digital banking startup Varo Money secured their second significant round of the last two years by raising $45mn; investors in the round include The Rise Fund, led by U2 ‘s lead singer Bono, and Warburg Pincus who also helped to lead their first round; Varo applied for a national bank charter in July and plans to use the money for hiring, product development and marketing. Source.

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Fintech News Roundup USA

·Mar. 6, 2020

Digital Banking Users Could Pass 3.6 Billion by 2024

According to a new report by Juniper Research the number of digital...

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