N26 had a team of 90 employees working in their New York offices. Now it lets 9 of them go.

Monzo bank announced Dave Laramy is set to join next month and will provide the challenger with over 17 years of experience in the industry.

Alpian, a Swiss neobank launched by REYL, announced that it has secured CHF 12.2 million (around $12.5) in a Series A funding round.

Revolut raised $500m in its recent Series D funding round and is looking to use it to buy companies that have been hit by the coronavirus pandemic.

Revolut has launched a licenced bank in Lithuania, enabling the 300,000 customers in the country to safely deposit their salaries in deposit-protected bank accounts.

London and Tallinn-based startup Monese is set to make staffing cuts and lower its ambitions for a funding round.

RBS launched Bó back in November 19' to compete with the Monzo and Revolut but now Bó gets discarded.

Uk based challenger banking app Monese has launched a desktop version of its banking platform.

This comes just month after the Revoluts CFO David MacLean stepped down (among others).

Some of Europe’s top challengers are dealing with a drop of digital downloads in recent months. This signs that the COVID crisis could mean a huge threat to them.

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.

Monzo already implemented voluntary employee furloughs and salary cuts in the U.K.

The Icelandic challenger called Indó just raised €1m in seed funding in three rounds, with the last one having more than 30% excess demand.

Multiple sources confirmed that Meri Williams, who joined Monzo bank in September 2018, announced internally that she was departing.