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Mobile-first banks
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101

Starling Bank joins Step2 Sepa payments scheme

Starling Bank has become the first of the UK digital challenger banks to become direct members and participants of the STEP2 SEPA Core Direct Debit and SEPA Credit Transfer Scheme, otherwise known as the SEPA payments system. (more…)

Mobile-first banks

December 13, 2017

136

N26 introduces metal card for ‘global generation’

By N26

The world is now closer and more connected than ever. Yet we still have a desire for the physical—items that you can hold and call your own. (more…)

Fintech news, Global trends, Mobile-first banks

December 6, 2017

109

Money app Yolt hits 100,000 UK users in less than six months

By Yolt

Yolt, the money app owned by ING, has reached 100,000 registered app users in less than six months of Open Beta in the UK. (more…)

Banks, Deals, Hotnews, Mobile-first banks, PFM/PFP services

December 4, 2017

132

Monzo looks into opening Cardiff office

Digital challenger bank Monzo is hiring up to 60 customer operations staffers in Cardiff as it tests the waters ahead of a decision on opening a large-scale office in the Welsh city. (more…)

Banks, Mobile-first banks

December 4, 2017

206

Revolut hits one million user milestone

By Revolut

Revolut, the digital banking challenger, has today announced that it has signed up 1m customers across Europe and saved consumers over £120m in hidden fees as the innovative fintech continues to disrupt traditional banking. (more…)

Global trends, Hotnews, Mobile-first banks

November 24, 2017

108

Monzo plans crowdfunding push to deepen ties with customers

By Hannah Murphy for Financial Times

Banking app Monzo is planning to launch one of the UK’s largest crowdfunding efforts next year to give customers in the fast-growing bank what it calls “a greater share of ownership”. Tom Blomfield, chief executive, said the start-up, which raised £71m in a private equity fundraising earlier this month, intends to make a further cash call of between £10m and £30m in 2018. (more…)

Banks, Crowdfunding/investing, Hotnews, Mobile-first banks

November 21, 2017

280

Digital challenger bank Revolut’s applying for a European banking licence

Digital challenger Revolut is seeking to become an official bank, applying for a licence from the European regulator. (more…)

eWallets, Fintech news, Hotnews, Mobile-first banks

November 7, 2017

210

Stripe joins $93 million investment into U.K. banking startup Monzo

Monzo, a U.K.-based startup building a mobile-first banking service, has raised £71 million ($93 million) in a round of funding from Stripe, Goodwater Capital, Sequoia’s Michael Moritz, Passion Capital, Thrive Capital, and Orange Digital Ventures. (more…)

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

November 7, 2017

Starling integrates with Yolt

UK money management app Yolt has integrated with Starling Bank, enabling customers of the digital challenger to view their account details alongside those from other providers. (more…)

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

November 7, 2017

227

Nubank Reaches Out to Brazil’s Underbanked with Addition of Digital Accounts

By David Penn for Finovate

Brazilian fintech Nubank announced this week that the company will begin offering digital accounts in addition to its credit card business. The move will provide access to billpay, account-to-account transfers, and the ability to earn more in interest than is available with a regular savings account. “Our real revolution begins today,” Nubank founder and CEO David Velez said. “Now we are offering services to 100 percent of Brazilians.” (more…)

Banks, Global trends, Hotnews, Mobile-first banks

October 30, 2017

Starling to move into business banking

Digital challenger bank Starling is to open a mobile-only business account for small traders and SMEs. (more…)

Banks, Global trends, Hotnews, Mobile-first banks

October 5, 2017

223

N26, Revolut and Monzo founders to talk about starting a bank from scratch at Disrupt Berlin

By Romain DIllet for Techcrunch

What do N26, Revolut and Monzo have in common? The three founders of those three startups are all coming to TechCrunch Disrupt Berlin to discuss all things fintech. If you want to see Valentin StalfNikolay Storonsky and Tom Blomfield share the same stage, come to Disrupt in December. (more…)

Global trends, Hotnews, Mobile-first banks

October 3, 2017

211

Mobile banking outfit Chime raises $18m

Chime, the leader in mobile banking that helps members avoid fees and automate their finances, today announces $18 million in Series B financing, led by global venture fund Cathay Innovation. (more…)

Hotnews, Mobile-first banks

September 28, 2017

273

BBVA ports 92% of product portfolio to the mobile

BBVA’s mobile banking strategy is picking up pace, with the bank predicting that virtually its entire portfolio of Spanish banking products will be available as an app-based service by year-end. (more…)

Banks, Global trends, Mobile-first banks

September 25, 2017

239

Monzo launches poll on overseas ATM fee levels

Monzo is ditching free overseas ATM withdrawals after concluding that the feature is costing it too much. However, rather than simply imposing a fee, the UK digital bank is now asking customers to vote on how it should charge them. (more…)

Mobile-first banks

September 15, 2017

241

Moven builds AI into latest app upgrade

By Moven,

Today, the team at Moven is releasing the latest update to their financial wellness platform. The release will be available in the Google Play and App store in the United States, as the team gears up to roll out the innovations for their global bank partners. (more…)

Banks, Hotnews, Mobile-first banks, PFM/PFP services

September 15, 2017

Monzo Teams Up With Deliveroo For New “Split the Bill” Feature

Crowdcube success and fintech company Monzo announced it has teamed up with Deliveroo for a new feature, Split the Bill. Deliveroo designer, James Storer, revealed details about the new app feature:

“At Deliveroo, ‘split the bill’ is probably one of our most requested features, and it’s been on our roadmap since I joined the company over two years ago. In that time, we’ve done email surveys, phone interviews and multivariant tests to try and definitively prove its worth. We also ran a really cool user research session by inviting a group of friends to our research lab (set up to look like a living room) and asking them to relax, watch Netflix and play video games while placing an order. This let us observe their group ordering habits and see how they split the cost between themselves.”

(more…)

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

September 13, 2017

337

SolarisBank enlists SIA for contactless payment cards in Germany

By SIA

solarisBank, a German banking platform with a full banking license, has chosen SIA, a company specializing in the processing of electronic payments, to support the launch of new contactless debit cards and to contribute to the development of electronic payment solutions. (more…)

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

September 8, 2017

377

Atom Bank targets German retail savings market

British app-only bank Atom is making a move into the German market through partnership with local startup Deposit Solutions. (more…)

Banks, Hotnews, Mobile-first banks

September 8, 2017

UK challenger bank launches as proptech market hots up

Redwood Bank, a new challenger bank providing mortgages to small businesses and professional landlords, has opened its doors four months after it was granted a banking license. (more…)

Banks, Hotnews, Mobile-first banks

August 30, 2017

615

Mobile banking is shifting gears with PDS2

Mobile devices are the backbone of digital transformation, enabling new innovations such as smart cities and connected cars. (more…)

Mobile-first banks

August 28, 2017

296

N26 Update: Challenger Digital Bank Now Has 500,000 Customers (Infographic)

Challenger digital bank, N26, announced this week it now has 500,000 customers. Founded in 2013 by Valentin Stalf and Maximilian Tayenthal, N26 claims to be Europe’s first mobile bank with a full European banking license and it has redesigned banking for the smartphone by making it simple, fast, and contemporary. (more…)

Hotnews, Mobile-first banks

August 28, 2017

449

Simple lays off ten percent of staff in bid to return to tech roots

Joshua Reich, the CEO of US digital neo-bank Simple is pledging to return the business to its roots, having spent the past few years “acting like a bank instead of a technology company”. (more…)

Mobile-first banks

August 21, 2017

460

N26 now has 500,000 customers for its bank of the future

By Romain Dillet for TechCrunch

Fintech startup N26 is getting more and more customers. The company reported 300,000 customers back in March. It now has 500,000 customers across Europe. (more…)

Global trends, Hotnews, Mobile-first banks

August 21, 2017

706

Millennials and mobile banking – the perfect match?

By Louis Peake – Compass Plus

For quite some time now, millennials have been the primary target market for a vast majority of industries. (more…)

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

August 9, 2017

Fidor Bank’s Digital Marketplace Features Nutmeg as Inaugural Partner

Fidor Group has been at the forefront of fintech innovation since it received its banking license in 2009. (more…)

Banks, Mobile-first banks

July 11, 2017

400

N26 to bring Apple Pay to Spanish customers

By n26

When we recently broke the news that we’ll be bringing Apple Pay to Italy, we received dozens of messages asking when we might introduce it to more countries. (more…)

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

July 10, 2017

328

Monzo disables card features as services go awry

UK challenger bank Monzo has disabled card payments for customers after suffering an unspecified issue with a supplier. (more…)

Mobile-first banks

July 6, 2017

Leumi launches standalone mobile bank

Israel’s Bank Leumi has launched a standalone mobile bank modeled on consumer use of social media feeds. (more…)

Banks, Mobile-first banks

June 29, 2017

Starling Bank passports to Europe, first stop Ireland

By Steve O’Hear for TechCrunch,

London-based Starling Bank is continuing to gather momentum. After a staggered launch of its current account kicked off in March, the digital-only bank is announcing imminent expansion to Europe, starting with the Republic of Ireland where it has attained a so-called “banking passport”. (more…)

Fintech news, Mobile-first banks

June 26, 2017