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Danish digital bank Lunar adds $21.6m to its Series B
Nordic challenger bank Lunar that has offices across Denmark, Sweden and Norway, has landed an additional $21.6 million (€20 million) in Series B funding round.
Revolut’s head of wealth and trading André Mohamed set for depart
He was hired to lead wealth and trading products at Revolut, the $5.5bn challenger bank. Now he is set to leave the company after 18 months in the role.
Fintech sector will rush to digitization - post COVID-19 prediction
Finch Capital released a detailed analytical report titled ‘FinTech: The Future Post CV-19’ which discusses the challenges and opportunities that the sector will face both during, and more significantly after, the crisis.
Icelandic challenger bank Indó prepared to launch, securing €1 million
The Icelandic challenger called Indó just raised €1m in seed funding in three rounds, with the last one having more than 30% excess demand.
UK startup Dzing launches digital payment app
Dzing is a London based and fairly new digital money and payment institution.
Monzo's CEO won’t take his salary for 12 months
Monzo bank's CEO Tom Blomfield is forgoing his salary for a year. Monzo is also offering voluntary furloughs to its employees.
BNP Paribas buys Banco Sabadell depository unit for €115m
Spanish bank Banco de Sabadell reported yesterday that it agreed to sell its depositary unit to the french BNP Paribas.
Microsoft And Plaid team up to turn Excel into a fintech app
Microsoft and Plaid have merged their strengths to come up with a new financial management offering, "Money" in Excel.
ICICI Bank launches WhatsApp banking services
ICICI Bank just announced the launch of banking services on WhatsApp. This will enable its customers to manage plenty of their banking requirements from their home.
CTO of UK challenger bank Monzo Meri Williams steps down
Multiple sources confirmed that Meri Williams, who joined Monzo bank in September 2018, announced internally that she was departing.
How is COVID-19 reshaping the fintech work environment
The coronavirus pandemic is obviously having a major impact on the world economy, and although tech and digital companies, including fintechs may be in the best shape ever, they are still facing the consequences in various ways.
"Imagine no branches" Nearly 70% of bank branches to disappear in the next 10 years
The Covid-19 outbreak is having irreversible impacts on the banking industry already. Above all, it forces banks to shut their branches. And digital challengers such as N26 are quick to jump on the opportunity to change customer behaviour for good.
As stores in the UK close, cash usage drops to half
ATM network Link said their customer's usage of the cash machines and cash has fallen by 50% during last week.
Revolut and Monzo combat rumors of their collapse
The upcoming economical crisis caused by the Covid-19 pandemic makes people focus on the financial health of the so far non-profiting fintech companies as Revolut and Monzo are.
Revolut finally launches in the United States
The London-based company Revolut is one of Europe's most valuable fintech startups and has just launched in the U.S.
- Oxford Risk: Placing the Human at the Center of Wealth and Asset Management Transformation Read more
- CLS Appoints Six New Board Directors Read more
- Mobey Forum Calls for a Collaborative Approach to Fraud Prevention in Rethinking Fraud in a Connected World Read more
- SumUp Launches in Canada Read more
- European Fintech Association Elects New Board of Directors Read more
