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G+D: Navigating the Future of Fintech Agility and Innovation
At Money20/20 Europe 2026, Philippe Serres Chief Sales Officer at Giesecke+Devrient (G+D) outlines how they […]
Santander doubles funds to $400M with the launch of Mouro Capital
Banco Santander's FinTech venture capital Innoventures fund is moved under a new entity called Mouro Capital.
Revolut and Sage announce a new partnership
Sage Accounting has been integrated with Revolut to enable SME's to take advantage of the fintech’s innovative spend analytics platform.
Revolut now offers crypto trading in Australia
First Revolut launched in Australia last month, now it is also offering the crypto trading services.
Revolut’s business banking thrives as it hits 500k SME customers
Revolut Business launched 3 years ago and has been very successful so far. Today the company announced that it's business banking option has hit a new milestone of 500,000 customers.
Monzo introducing new fees for services
For some customers, Monzo bank cash withdrawals and card replacement will be met with new charges from 31 October 2020 as Monzo introduced new rules.
Revolut Junior account successful in Ireland
Just four months after the product was launched in Ireland, about 40,000 young people now have a Revolut Junior account.
N26 celebrates 1 year anniversary of US launch
The German challenger bank has managed to atract almost 500.000 customers in the US so far.
Atom Bank about to raise £150m from shareholders
Atom Bank, the challenger bank from the UK, is plotting its biggest equity fundraising to date.
Nordic challenger Lunar launches business account, a new premium option
The Danish banking app Lunar is now focusing on business banking and has provided 2,000 users with an early access to its business accounts.
Monzo Plus has attracted about 50.000 users since its launch last month
The British challenger Monzo bank has relaunched its premium ‘Monzo Plus’ account with a £5/month fee. And their customers embraced it.
OakNorth Bank has approved over £600m in new loans since March
OakNorth Bank received additional CBILS (Coronavirus Business Interruption Loan Scheme) allocation from the British Business Bank.
Which challenger bank model is going to survive?
With the annual reports from Revolut, Monzo and Starling it became apparent that challenger banks were losing money despite the rapid growth in 2019. Which models are viable to profit and which not?
Founders of N26 filed a restraining order against the Works Council and are facing a serious staff unrest
Max Tayenthal and Valentin Stalf, the founders of the German challenger N26, have obtained a temporary injunction to prevent the election of the works council.
Revolut losses tripled to £107m in 2019
Revolut reported a pre-tax loss of £107m for the year 2019 to December. This means the company's losses more than tripled to a £33m pound loss in the 2018.
Monzo capital requirement was raised by the Bank of England
Monzo bank is now obliged to have a capital worth of 13.6 percent of its risk-weighted assets to be protected against potential losses.
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