K-Bank has gained authorization to open South Korea's first online bank; firm is an affiliate of Alibaba-owned Ant Financial; Kakao Bank is also involved in the final approval process to open the country's second online bank. Source
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
No More Content