The growth of the FinTech industry cannot be understated and it has the potential to become a major part of the European economy. Since 2008 it has expanded at a fantastic clip, providing more cost-effective services, innovative answers to problems effecting large numbers of consumers and business and surprising ways to use data and create new ideas and businesses. (more…)
Digital banking app Monese announced its expansion into the world of business banking, as it launches accounts for young companies and entrepreneurs across the UK and Europe.
The accounts will be released to UK-registered businesses first, available in 11 languages in a bid to tap the UK’s growing multicultural industry base. The firm told City A.M. that accounts in Europe are expected to follow suit “very soon”.