Neobank Coconut ditches current accounts for open banking strategy

Neobank Coconut has now stopped opening new current accounts and is doubling down on bank statement feeds through open banking, AltFi has exclusively revealed.

Coconut is launching a new app as part of its open banking pivot that will capitalise on being a banking hub, meaning any freelancer can now use Coconut, regardless of existing banking arrangements.

Read more: AltFi