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UK challenger bank Project Imagine preps for launch

By Henry Villar for Banking Tech

A new London-based challenger bank is gearing up for launch in the UK, called Project Imagine. Self-defined as a “second generation digital bank”, it also aims to be a wealth management alternative from the get-go. (more…)

Fintech news, Global trends, Mobile-first banks

June 12, 2018

227

Monzo joins with IFTTT to help customers create their own applets

By Monzo,

We believe that a truly smart bank should empower people to manage their money in a way that suits them. Today, we’re proud to announce that we’re the first bank to partner with the world’s largest automation platform — IFTTT! (more…)

Mobile-first banks

June 9, 2018

UK challenger bank Starling seeks £80m funding

UK challenger bank Starling is looking to raise £80 million in its latest quest for funding – and it has ended its relationship with TransferWise(more…)

Banks, Mobile-first banks, Payment processors/providers/gateways

May 31, 2018

386

Revolut expands payments feature to friends nearby

By Revolut

Sending and requesting money is one of the most popular features among Revolut users, and we’ve just made it even better. (more…)

eWallets, Fintech news, Global trends, Hotnews, Mobile-first banks

May 16, 2018

458

Starling Bank calls time on contactless payments

Starling Bank has added a range of Garmin smartwatches to its growing roster of contactless payment devices. (more…)

Banks, Mobile-first banks

May 11, 2018

The World is Going Cashless & Digital Challenger Bank Revolut Wants to Lead the Way

Cash is king no more. Today’s society is all about mobility and the digitization of all forms of finance. How consumers spend and manage their money has changed dramatically in recent years and that pace of change is accelerating. Revolut is a new breed of banks that has replaced the corner branch with a robust smartphone app that reduces cost while providing superior services. Revolut has grown rapidly, jumping from zero to 1.5 million users in less than three years. A cashless (or at least less cash focused) is near and according to Revolut co-founder and COO Vlad Yatsenko, Revolut is going to lead the way. (more…)

Fintech news, Hotnews, Mobile-first banks

April 12, 2018

286

Fidor’s New Partnership Takes Aim at Financial Inclusion

Digital banking services company Fidor has partnered with the International Finance Corporation (IFC) to expand digital banking services in Africa and Latin America. (more…)

Deals, Mobile-first banks

April 12, 2018

287

Monzo introduces overdrafts

By Monzo

Digital challenger bank today launched overdrafts as part of the Monzo current account. This is the latest in a number of recent milestones for the UK bank. (more…)

Global trends, Mobile-first banks

April 12, 2018

Alibaba’s Ant Financial is Preparing to Raise $9 Billion in Upcoming Private Funding Round

Chinese fintech and Alibaba-affiliated Ant Financial is preparing to launch a private funding round in order to secure up to $9 billion. According to various reports, the company is increasing the funding target from previous funding rounds that sought up to $5 billion. Ant Financial’s previous fundraising round was announced in April 2016 and secured $4.5 billion from Chinese investors.  (more…)

Fintech news, Global trends, Mobile-first banks

April 12, 2018

444

Starling Bank moves into business banking

By Starling Bank,

Starling Bank, after recently being voted the Best British Bank, has today become the first fully licensed mobile-only bank to launch business accounts for small businesses and entrepreneurs in the UK. (more…)

Banks, Fintech news, Global trends, Mobile-first banks

April 2, 2018

338

Nubank Challenges Brazil’s Big Banks in Wake of $150 Million Funding Round

The startup that made headlines recently for its antitrust complaint against some of its country’s largest banks is the same fintech that raked in a major investment from a group of investors earlier this month. (more…)

Banks, Hotnews, Mobile-first banks

April 2, 2018

CreditLadder recruits Monzo and Starling

Savings house in hands

Monzo and Starling Bank have joined a raft of incumbents to integrate with rent recognition platform CreditLadder to help tenants to improve their credit history with rating agencies.

CreditLadder has used the Open Banking compliant API which went live earlier this year via TrueLayer to read customer rent payments. The firm passes this data onto Experian each month who then add it to the tenant’s credit history.  (more…)

Fintech news, Global trends, Mobile-first banks

March 29, 2018

468

Yolt pairs up with Monzo

Yolt, the smart thinking money app owned by ING, has integrated with the UK’s biggest challenger bank, Monzo. (more…)

AI / Machine Learning / Big Data, Fintech news, Hotnews, Mobile-first banks

March 26, 2018

Standard Chartered unveils group’s first-ever digital bank in Africa

Standard Chartered has launched the group’s first digital bank in Africa – opening virtual doors in Côte d’Ivoire. The bank is the first of its kind in the country. (more…)

Banks, Mobile-first banks

March 19, 2018

442

Challenger Fiinu goes to Seedrs for £500,000 crowdfund

Fiinu, the new UK fintech bank, has announced its plans to raise £500,000 on Seedrs, part of a £30 million fundraising initiative, with funds released against key milestones including regulatory approval from the Bank of England. (more…)

Banks, Fintech news, Global trends, Mobile-first banks

March 16, 2018

405

Tandem to buy personal finance app Pariti

UK digital challenger bank Tandem has stepped up its aggregation game by agreeing to acquire personal finance app Pariti. Financial terms have not been disclosed. (more…)

Banks, Fintech news, Global trends, Hotnews, Mobile-first banks

March 14, 2018

780

Fintech Alternative Banking Options (Infografic)

The traditional banking landscape has been dominated by the same banks for a considerable amount of time. The “Big Four”, combined with a few others, have created an oligopoly that remained unchallenged for years. The emergence of fintech and fintech companies represents a new threat to traditional banking and an increase in consumer choice. In fact 2017 saw more money invested in the UK fintech market than anywhere else in Europe, despite the concerns over Brexit. (more…)

Global trends, Hotnews, Mobile payments/banking, Mobile-first banks

March 12, 2018

522

Millennial bank Liv. adds bill-splitting and expense management to mobile app

Liv. the millennial-focused digital-only bank from Emirates NBD, has rolled out bill-splitting and budgeting applications to its mobile banking app. (more…)

Banks, Global trends, Mobile-first banks

March 8, 2018

539

Monzo begins beta testing of marketplace model

By Monzo,

Our goal is to build Monzo into a central hub where you can manage all of your money, and everything it touches. (more…)

Hotnews, Mobile-first banks

March 2, 2018

Virgin Money Set to Launch New Digital Bank

By Samantha Hurst for Crowdfund Insider,

Virgin Money, a financial firm under Virgin that offers savings, mortgages, credit cards, current accounts, currency services, pension, investments, and protection products to customers across the UK, has reportedly spent a total of £38.3 million over the last year to develop its brand new digital bank to attract more customers to its services.  According to the company, the new digital bank will offer customers a Universal Account that can be personalized to create a unique proposition tailored to individual needs.  (more…)

Global trends, Mobile-first banks

February 28, 2018

648

Revolut broke even in December, now has 1.5 million customers

By Romain Dillet for TC

Fintech startup Revolut can’t stop and won’t stop growing. The company has had an amazing month of December with a huge increase in the total volume of transactions and signups. Because of that, Revolut broke even in December for the first time ever. (more…)

Banks, Hotnews, Mobile-first banks

February 26, 2018

Greenlight raises $16m for kids’ debit card

greenlight card

Greenlight Financial Technology, the startup behind an app and debit card for kids and college students, has raised $16 million in a Series A funding round joined by SunTrust Bank, Ally Financial and the Amazon Alexa Fund. (more…)

Banks, Mobile-first banks, news

February 25, 2018

Danish piggy bank app Ernit integrates with Spar Nord

ernit

Ernit, a Danish piggy bank app that hopes to make digital money more tangible to kids, is ready for a national roll out after striking a deal with local bank Spar Nord.

Ernit is an allowance and savings app connected to a Spar Nord bank account. Kids create goals in the app – such as saving for a computer game – that adults can then contribute to, linking the payment to customised chores. (more…)

Deals, Mobile-first banks

February 25, 2018

783

Starling Bank moves into merchant acquiring

By Starling

Starling Bank is to expand its payment services business and will become the first UK challenger bank to offer Merchant Acquiring services. (more…)

Banks, Global trends, Hotnews, Mobile-first banks

February 21, 2018

518

Monzo opens API to spare change app Moneybox

Monzo has opened its API to Moneybox, enabling users to round up and invest the spare change from their everyday purchases. (more…)

Banks, Mobile-first banks

February 21, 2018

Tandem issues cash-back credit card as first product

Tandem, the Good Bank, has released a credit card that offers cashback and travel benefits for users. (more…)

Banks, Mobile-first banks

February 21, 2018

Digital Fintech Specialist Wirecard Expands Collaboration With ReiseBank

Wirecard, a Germany-based global provider of digital payments and commerce solutions, announced this week it has expanded its expanding its collaboration with German bank, ReiseBank. The duo recently rolled out the mobile banking app bankom. (more…)

Banks, Global trends, Mobile-first banks

February 19, 2018

Tandem turns to the crowd for £4 million fund raise

Digital banking startup Tandem is going back to the crowd in a bid to raise a further £4 million from the 2000 members of its Seedrs community. (more…)

Mobile-first banks

February 16, 2018

573

Monzo given go-ahead to ‘passport’ banking licence to Republic of Ireland

By Steve O’Hear for TC

Monzo, one of a number of “challenger” banks in the U.K. aiming to re-invent the current account, has announced the first step in its plans for international expansion with news that is has regulatory approval to operate in the Republic of Ireland. (more…)

Banks, Fintech news, Global trends, Hotnews, Influences FinTech, Mobile-first banks

February 14, 2018

371

Starling’s marketplace banking rollout adds pensions, savings, travel insurance and mortgages

By Steve O’Hear for TechCrunch

Starling, the U.K. challenger bank that offers a mobile-only current account, continues to execute on its marketplace banking strategy. Following the required regulatory approval, the Starling Marketplace is adding a number of financial services integrations, spanning pensions, savings, travel insurance and mortgage brokerage. (more…)

Mobile-first banks

February 13, 2018