Leading UK digital bank Monzo released its annual report yesterday and the numbers were not pretty; the company reported that...
Tom Blomfield started Monzo over five years ago and has now decided to step down as CEO; he will now...
Popular digital banking app Dave has confirmed it suffered a security breach after a hacker published details of 7.5 million...
It has been a busy first quarter of 2021 for SoFi. The new year kicked off with the announcement that...
There have been many recent launches of digital banks which was a result of regulatory changes in the UK; Metro Bank was the first having launched in 2010, but there are many new names since then; article highlights founders and investors in the space including Eileen Burbidge (Monzo), Sanjeev Gupta (Wyelands Bank), Jonathan Rowland (Redwood Bank), Nick Ogden (ClearBank) and the Pears family (Masthaven Bank). Source
Paytm Payments Bank is aiming to have 500 million accounts offering a wide range of financial services products; the bank launched officially on Tuesday; they are unveiling their money market fund, launching a debit card and will have the capabilities for businesses to open up accounts. Source
Though Monzo has seen a share of issues and outages recently the company says the third party marketplace is core to their vision; they also explained it was a key part of their revenue drive and will help to drive down costs per customers in the near future; Monzo have plans to expand product offerings, potentially launch in the US and build out partnerships in the near and mid term future. Source.
That was quick. After receiving preliminary approval from the OCC on December 30, LendingClub announced today that they have now...
Digital bank Aion has launched in Belgium and it is taking a different approach to most; it does away with...
River Valley Bank is a $1.3 billion community bank based in Wisconsin and Michigan and they launched a new online...