In looking for a new CFO the company posted an ad stating that the new officer would help to lead the company through an IPO in 3 to 4 years; Monzo has recently raised capital and talked about global expansion into Asia and the US; the UK based digital bank has also stated they are launching new products in 2018. Source.
One of the main drivers behind the massive BB&T – SunTrust deal was the pressure to digitally innovate; the banks...
Coronavirus has been the dominating topic of the day and it has taken over almost every aspect of our lives;...
Some of the biggest banks have started to invest greater resources in quantum computing as they hope the technology is...
Stagnant spending is not only slowing the overall economic picture but it is also cutting a big revenue driver for...
How is Generative AI being used in financial services? Spoiler: it's not. But, once perfect, it could have significant impact.
Santander announced recently that it will spend €20 billion ($22 billion) on digital transformation through 2022; JPMorgan Chase has said...
European deposit marketplace Raisin has passed $6mn in brokered savings deposits; deposits grew by more than $3.5mn in 2017 and they saw their international customer base grow by 20 percent; the company acquired PBF Solutions, passed 100,000 customers, added 12 new partner banks and received more than $49mn in interest income last year; “We are pleased to be able to offer savers throughout Europe an attractive alternative.” said Tamaz Georgadze, CEO and founding member, to AltFi. Source.
Chime raises $18mn in a series B fundraise from Cathay Innovation, Northwestern Mutual Future Ventures, Crosslink Capital and more; Chime is a digital banking app focused on millennials by not charging monthly fees or overdraft charges; they make money on transactions and thus far have over 500,000 customers. Source.
Citi has pledged to digitize every aspect of their business and so the company has started to text the idea...