Mobile-first banks

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


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


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


Flux brings its digital loyalty stamps to U.K. challenger bank Starling

Flux, the London fintech startup founded by former early employees at Revolut, has deepened its partnership with U.K. challenger bank Starling to add Flux-powered loyalty points to Starling’s mobile banking app. (more…)

Mobile-first banks

February 8, 2018


Tandem partners Personetics for ‘worry free banking’

By Tandem

Tandem, The Good Bank, is partnering with Personetics, the leading provider of Cognitive Banking applications, to harness the power of artificial intelligence for the benefit of their customers. (more…)

Banks, Fintech news, Hotnews, Mobile-first banks

February 5, 2018

Unicredit launches iPhone-only buddybank

Italy’s Unicredit is trying to give banking’s staid image a makeover and make it “cool” through the launch of a mobile-only subsidiary called buddybank. (more…)

Banks, Fintech news, Global trends, Mobile-first banks, p2p-payments

February 2, 2018

British banks simplify SME account opening process

A group of British banks have come together to simplify the account opening process for small businesses, working with trade body UK Finance on a checklist of details and documents firms will need for their applications. (more…)

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

February 2, 2018


Moven signs MoU with Japan’s SBI Holdings

Japanese financial service giant SBI Holdings is to invest in PFM provider Moven and establish a joint venture to sell the company’s technology in Asia. (more…)

Banks, Global trends, Hotnews, Mobile-first banks

January 31, 2018


TrueLayer connects with Monzo API

By Truelayer

TrueLayer, a leading provider of financial APIs, has integrated with challenger bank Monzo. (more…)

Mobile-first banks, Open Source/ API

January 30, 2018


Revolut launches geolocation-powered travel insurance

By Romain Dillet for TC

Fintech startup Revolut is launching international medical and dental insurance. You can subscribe using the company’s app for £1 per day or more depending on the options. (more…)

Global trends, Hotnews, Mobile-first banks

January 17, 2018

Tandem Closes on Harrod’s Bank Purchase, Receives UK Banking License with Acquisition

Digital challenger bank Tandem has closed on the acquisition of Harrod’s bank – the financial institution long associated with the eponymous London retail store.Tandem received regulatory approval by the Prudential Regulation Authority, a division of the Bank of England, and the Financial Conduct Authority to take over the bank. Harrod’s Bank, founded in 1893, is a small banking institution, but it immediately provides Tandem access to 10,000 customer accounts and £80 million in capital. (more…)

Deals, Mobile-first banks

January 12, 2018


Monzo Announces New Year Plans: It’s Time to Look Ahead to 2018!

On Thursday, challenger bank Monzo announced its plans for the next twelve months. The company reported that in 2018 it wants to focus closely on making upgraded Monzo accounts better for its customers. Monzo revealed a list of items needed to be done and their timelines.  (more…)

Banks, Mobile-first banks

January 12, 2018


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


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


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


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


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


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


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


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


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


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


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


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


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


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.”


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

September 13, 2017


SolarisBank enlists SIA for contactless payment cards in Germany


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