The digital challenger submitted the application on Monday. For a US banking licence to be approved, it could take up to two years for Monzo's application.

With regard to the coronavirus crisis, Boden is sure this will bring the demise of cash money. But she is also aware that this doesn't just bring benefits as it comes with other challenges.

Capgemini and Efma published World FinTech Report 2020 revealing traditional banks have an opportunity to thrive in today’s market by embracing Open X and becoming Inventive Banks.

The Chancellor has announced support worth £1.25bn for UK start-ups and businesses driving research and development in some of the most dynamic sectors of the UK economy – ranging from tech to life sciences.

Banco Santander has launched a cross-border payments app PagoFX in the UK, taking on the might of rival fintech unicorn TransferWise.

CaixaBank and Global Payments are building on a series of partnerships to build a joint prepaid venture in Europe.

Lunar decided to offer simplified stock trading service to people who haven’t traded before but might have more time on their hands than usual.

Lloyds Banking Group now works together with We Are Digital, The Silver Line and Mental Health UK to offer practical and emotional support for the most vulnerable in society during the coronavirus crisis.

Some of the top bosses at Barclays are donating a third of their fixed salary over the next six months to help kickstart a £100m aid package.

Temenos’ modern, continuously deployed banking software enables banks to transition quickly and easily to alternative Risk-Free Rates, as regulators mandate phase-out of LIBOR at the end of 2021

Curve is a digital banking platform that consolidates multiple cards and accounts into one smart card and app.

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.

Monzo bank's CEO Tom Blomfield is forgoing his salary for a year. Monzo is also offering voluntary furloughs to its employees.

Joiners include Rob Corradi, a BAFTA and Cannes winning designer Follows £4.5 million investment from […]

Spanish bank Banco de Sabadell reported yesterday that it agreed to sell its depositary unit to the french BNP Paribas.