By Louis Peake – Compass Plus
For quite some time now, millennials have been the primary target market for a vast majority of industries. (more…)
Mobile-first banks
Category
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…)
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…)
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…)
Leumi launches standalone mobile bank
Israel’s Bank Leumi has launched a standalone mobile bank modeled on consumer use of social media feeds. (more…)
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…)
Santander’s Openbank relaunched as 100% digital bank
Banco Santander is overhauling the operations of its direct banking subsidiary in Spain, transferring all IT assets and client transactions to the cloud and revamping its online and mobile presence as part of a group-wide mission to recruit 30 million digital customers by 2018. (more…)
Digital Only Bank Revolut Launches Business Banking in UK & Across Europe
Challenger bank Revolut is launching a business banking vertical and is accepting pre-registrations now. Revolut for business will allow businesses to hold, exchange and transfer funds in 25 different currencies across the UK and all of Europe at the interbank exchange rate. The digital only bank says that users will be able to sign up for a multi-currency account in minutes. (more…)
Atom bank cites regulatory uncertainty – postpones current account launch
By Alex Rolfe
Atom bank, the UK’s first app-based bank, is reported to be delaying the launch of consumer current accounts until at least 2018. Atoms CEO blames forthcoming regulations that make the UK’s personal banking market too “ambiguous and uncertain”. (more…)
Ex-Tandem CTO onboard for Dubai-based digital bank
The former CTO of UK challenger Tandem has joined forces with experienced execs from the more traditional banking sector to build a digital-only bank in Dubai. (more…)
Monzo hits 200,000 users; £250 million spent
As of this weekend, more than a quarter of a billion pounds has been spent through Monzo cards by more than two hundred thousand customers! (more…)
N26 moves into savings market with Raisin API
Mobile-only banking platform N26 has partnered with Raisin to open access to savings accounts from banks across Europe. (more…)
Monzo opens doors to community collaboration
Digital challenger bank Monzo has earmarked a dedicated space in its East London headquarters building as a collaborative community room, to host events and test out new ideas with its growing membership base. (more…)
TSB to hook up with fintechs for new mobile app
by TSB
TSB has begun to rollout its new mobile banking app, which is the challenger bank’s first service built by its new ‘Proteo’ IT platform. (more…)
Starling Bank To Incorporate Pay By Bank For Online Purchases
By PYMNTS
Starling, the digital bank, has inked a partnership with Pay by Bank, the mobile payment app of Vocalink, to enable users to buy things online. (more…)
Orange Bank preps July launch
French telco Orange is to open its new mobile-only bank in July, following a soft-launch with employees this month. (more…)
Simple said to drop 0.7% of its customers in transition snafu
By Brian Patrich Aha for American Banker
A recent fumble in transitioning accounts from its old partner bank to its current one has left Simple scrambling to mollify distressed customers. (more…)
Simple is closing some customer bank accounts, and users are mad as hell
by Ryan Lawler for techcrunch.com
Simple, the online banking service that promised to be a better alternative to big banks like Chase or Citibank, is falling short of some users’ expectations. This time, it comes as a result of the sudden and surprising notice customers received alerting them that their accounts would be closed next month. (more…)
Android Pay Expands To Mobile Banking Apps
Android Pay announced new partnerships with a handful of banks from around the globe, including Bank of America, USAA, Bank of New Zealand, Discover and mBank. (more…)
Monzo gears up for current accounts after receiving full banking license
UK digital challenger Monzo has had its banking restriction lifted, enabling it to start bringing current accounts to its users. (more…)
BNP Paribas to acquire 95% stake in French neo bank Compte-Nickel
BNP Paribas is to acquire a 95% stake in Financière des Paiements Électroniques, which runs innovative French neo-banking startup Compte-Nickel. (more…)
Monzo attracts largest-ever crowd for £2.5 million round
Digital challenger bank Monzo has completed its £2.5 million crowdfund raise, attracting a record-breaking 6500 investors to the funding round on Crowdcube. (more…)
Moven strikes gold with TD Bank licensing extension
Digital-only neobank Moven has announced a five-year extension of its money management app tech licensing deal with Canada’s TD Bank, in a move which is expected to fund the business to the tune of more than $20m over the next two years alone. (more…)
Tandem rocked by £29 million funding halt
Digital challenger bank Tandem has been rocked by news that Sanpower, the Chinese conglomerate which owns House of Fraser, has been forced to cancel a £29 million cash injection intended to help the startup meet regulatory capital requirements. (more…)
How banks are embracing the digital revolution
By Finextra
Modern-day banks want to become digital banking leaders. Customers, competition and compliance are without doubt the three ‘C’s’ fueling this development. The demand for digital innovation is growing rapidly, whilst competition in the financial markets is fierce. Couple these with the stringent regulations being placed on financial firms and it’s clear why so many financial firms are moving to the cloud and digital technology. Indeed, it is one of the safest, most cost-effective and efficient way of managing communications. (more…)
Atom Now UK’s Most Recommended Bank
By
For the first time since its launch in 1989, First Direct is not the most recommended U.K. bank — it has been displaced by digital-only entrant Atom Bank. (more…)
7 new banks for the Snapchat generation
By Vladislav Solodkiy fro e27
To consider fintech as just another distribution channel is a fundamental mistake; Neobanks should change users’ perspectives on money in a more drastic manner. (more…)
Revolut is the latest fintech startup trying to convince you it is better than a bank
By Oscar Williams-Grut for Business Insider
Fast-growing fintech firm Revolut has become the latest company to get into the crowded “neobanking” market — apps that are either banks or offer services so close to banking that they may as well be. (more…)
