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575

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…)

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

April 6, 2017

474

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…)

Banks, Deals, Global trends, Hotnews, Influences FinTech, Mobile-first banks

April 5, 2017

604

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…)

Deals, Hotnews, Influences FinTech, Mobile-first banks, PFM/PFP services

March 30, 2017

906

Moven strikes gold with TD Bank licensing extension

By Finextra

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…)

Banks, Mobile-first banks

March 28, 2017

656

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…)

Banks, Government activities, Mobile-first banks

March 21, 2017

1233

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…)

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

February 28, 2017

1287

Atom Now UK’s Most Recommended Bank

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…)

Fintech news, Mobile-first banks

February 24, 2017

539

Monzo, a UK digital-only bank, is closing in on new funding led by U.S.-based Thrive Capital

By TechCrunch

Monzo, one of a number of new digital only or so-called ‘challenger’ banks in the U.K. aiming to re-invent the current account, is closing in on new Series C funding, which could be announced as early as this week. (more…)

Deals, Fintech news, Mobile-first banks

February 20, 2017

12578

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…)

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

February 14, 2017

771

Revolut is the latest fintech startup trying to convince you it is better than a bank

By  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…)

Fintech news, Mobile payments/banking, Mobile-first banks, Remittances

February 12, 2017

706

N26 users can now get a credit line in five minutes

By  for TechCrunch

N26 is iterating at an incredible pace these days with a ton of new product features and geographical expansions to build the most modern bank in Europe. But the new features always follow the same motto — your current bank sucks, everything should be simpler. Today, N26 introduces consumer credit done right. (more…)

Fintech news, Mobile-first banks, p2p/online lending

February 6, 2017

780

Swissquote introduces VR trading app

By Finextra

A Swiss online bank is introducing a virtual reality trading application which uses a VR helmet to create a a 360° trading wall for users to monitor the markets and make trades with a glance. (more…)

Banks, Financial Markets / Trading, Fintech news, Mobile-first banks

February 4, 2017

739

Emirates NBD launches bank for the millennial generation

By Finextra

Designed and developed by a team of millennials, Emirates NBD has launched a lifestyle-focused digital-only bank, Liv..  (more…)

Fintech news, Mobile payments/banking, Mobile-first banks

February 3, 2017

692

Atom Bank has raised £100 million and will announce within weeks

By  for Business Insider

British app-only bank Atom is set to announce an equity investment of close to £100 million ($125 million) in the next few weeks with support from its existing investors. (more…)

Deals, Fintech news, Mobile-first banks

February 1, 2017

754

Scotiabank opens Digital Factory in Toronto

By Finextra

Scotiabank has opened a 70,000 square foot Digital Factory in downtown Toronto which will house 350 digital, design, engineering and agile experts working to improve customer experiences. (more…)

Accelerators/Incubators/Labs, Banks, Mobile-first banks

January 27, 2017

670

APS Financial introduces mobile banking suite

By Finextra

Digital banking services pioneer APS financial has launched a new mobile platform with functionality that surpasses many of the ‘neo’ mobile banks.  (more…)

Fintech news, Mobile-first banks

January 27, 2017

1023

Building A Digital Bank — From Scratch

“The real ‘move the needle’ opportunity in banking is to build a bank from scratch.”

That’s according to financial services vet and Varo Money CEO and Cofounder Colin Walsh, who told Karen Webster recently that the future of banking, for millennials in particular, lies not in branches but in bots who become money coaches. (more…)

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

January 24, 2017

1325

China’s fintech industry shows where the rest of the world is heading

By  for TechInAsia

“We need banking but we don’t need banks anymore,” said Bill Gates two decades ago, predicting the explosion in startups creating web and app-based financial services that we’re seeing right now. With nearly US$11 billion last year invested into so-called fintech startups across Asia, the sector is rivaling online shopping and ride-hailing among the hottest tech arenas. (more…)

About, China, Credit scoring, Fintech news, Insurance, Marketing Report, Mobile payments/banking, Mobile-first banks, p2p/online lending

January 21, 2017

1172

Xiaomi-Backed Online Bank Opening In China Soon

A Xiaomi Inc.-backed Chinese online bank is gearing up to launch soon following on the heels of establishing the bank. (more…)

China, Fintech news, Mobile payments/banking, Mobile-first banks

December 28, 2016

15543

Alibaba, Baidu and Tencent and Their New Online Banks

By Deng Yuanyuan for CKGSB Knowledge

A new breed of online banks promoted by tech companies like Alibaba and Tencent is taking root. Will they be able to hold their own against traditional banks?  (more…)

China, Fintech news, Government activities, Mobile-first banks

December 26, 2016

1434

The 7 Hottest Fintech Startups and Solutions in Vietnam

By

Vietnam is a very Internet-connected country, and with the increasing penetration of smartphones there is a wealth of opportunity for online businesses, digital agencies and application developers. (more…)

About, AI / Machine Learning / Big Data, Cryptocurrencies, eWallets, Marketing Report, Mobile payments/banking, Mobile-first banks, PFM/PFP services, Remittances, Vietnam

December 22, 2016

761

Sogexia launches a new digital bank

By FinExtra

Sogexia launches a new 100% digital online bank.

  • Open online in less than 5 minutes
  • No conditions or hidden fees
  • In partnership with BNP Paribas for the sequestration of funds (more…)

Banks, Fintech news, Mobile-first banks

December 15, 2016

589

Danish banking app Lunar Way raises €4.2M

By  for TechCrunch

Danish banking app Lunar Way is one of a plethora of startups in Europe attempting to update the retail banking experience with a mobile-first offering. However, rather than securing a banking license of its own — à la challenger banks such as Monzo, Atom, Starlingand Tandem in the U.K. — the Danish company is partnering with local banks in the countries it operates in, a strategy it believes has enabled it to get to market and innovate faster. (more…)

Banks, Deals, Fintech news, Mobile-first banks

December 12, 2016

583

DST leads $80M round in Brazil’s Nubank to take on the big boys in financial services

By  for TechCrunch

As Brazil continues to reel as a result of its economic turmoil and its worst recession in 80 years, one of the country’s first financial tech startups has raised significant funding. Sao Paulo-based Nubank, whose first (and to-date only) product has been a “no-fee” credit card that is managed only through a mobile app, has raised $80 million in a Series D round of funding — money that the company says it would like to use to continue expanding its operations with more hiring and new products, David Vélez, the founder and CEO, said in an interview earlier. (more…)

Deals, Fintech news, Mobile-first banks

December 7, 2016

992

Hong Kong neo bank Neat moves into beta testing

By Finextra

Neat provides a mobile current account targeting university students and young professionals. (more…)

Fintech news, Hong Kong, Mobile-first banks

December 2, 2016

728

Mobile-only bank Pepper goes interactive to win over millennials

By Finextra

Israel’s Bank Leumi is hoping to win over millennials to its new mobile-only offshoot Pepper by teaming up with digital authoring platform Playbuzz to bring personalised, interactive content to its app. (more…)

Analytics, Fintech news, Mobile-first banks

December 1, 2016

865

Commercial Bank of Dubai to launch digital-only bank

By Finextra

Commercial Bank of Dubai is to launch a digital-only bank, dubbed CBD NOW, targeting millennials and tech-savvy customers in the UAE. (more…)

Fintech news, Mobile-first banks

November 28, 2016

915

Payment Cloud Technologies New bank.VISION Enables An Post to Bring Digital Banking to Customers Nationwide

By LTP

Payment Cloud Technologies (PCT), the London-based FinTech business, has today announced the official launch of its new digital banking platform bank.VISION. The platform enables organizations to deliver banking-grade financial services to their customers. An Post, Ireland’s largest postal service provider, is the first customer to go live with this new service, rolling out bank.VISION across all 1,100 An Post branches nationwide and improving the services available to its 1.7 million weekly customers. (more…)

Banks, Fintech news, Mobile-first banks

November 24, 2016

583

Is there really any alternative to a mobile digital engagement strategy?

By Mitch Armstrong for Finextra

Mobile banking apps are used more than 7,610 times per minute according to research by BBA (more…)

Banks, Global trends, Marketing Report, Mobile payments/banking, Mobile-first banks

November 22, 2016

726

Launch of the Latest Security Report on Bank Apps in APAC at Singapore FinTech Festival

By LTP

The rapid digitization of consumers and enterprises will increase the cost of data breaches to USD 2.1 trillion globally by 2019 from USD 500 billion in 2015 – affecting mainly large banks, retailers and federal agencies as per Forbes Inc. One of the recent cyberattacks that happened at one of Australia’s largest banks in 2016 was done by a malware attack using an Android mobile application. The virus presented a fake version of the login screen and intercepted the username or account number and password. The sophistication of this malware enabled it to intercept the two-factor authentication code sent by banks. (more…)

Fintech news, Marketing Report, Mobile payments/banking, Mobile-first banks, Security, Singapore

November 16, 2016