8.6 C
New York
Sunday, January 16, 2022
Home weekly top 5 news The Everly Summary (weekly TOP5 news)

The Everly Summary (weekly TOP5 news)

Welcome to Everly.eu’s weekly summary. Let’s see the most important news we have covered during the week in a TOP 5 list!

Revolut’s executives are stepping down one by one. With other execs leaving the challenger during pre-COVID times last week another two have stepped down leaving the bank with many unoccupied executive positions.

Europe’s biggest challengers Monzo, Revolut, Starling, and N26 have seen their download growth rate drop, singnaling people may not be willing to switch to digital banks even when branches are closed during lockdown

Jes Staley of Barclays claims people won’t be coming back to skyscraper offices, Monese launches desktop app to attract more customers and Monzo has seen most net switches to their profit in the Q4 of 2019.

1st place: Revolut has just lost two more executives

This comes just a month after the Revolut’s CFO David MacLean stepped down (among others).

Now its Stefan Wille, deputy chief financial officer at Revolut, and Anna Borzenko, interim head of finance, who decided to leave their positions.

2nd place: Digital banks downloads drop in lockdown

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 big four: Monzo, Revolut, Starling, and N26 have their growth rate drop by between 18% and 36% in their native markets, according to an analysis by Priori Data commissioned by Sifted.

3rd place: The end of the skyscraper era? Barclays CEO says ‘putting 7,000 people in a building may be thing of the past’

Barclays CEO Jes Staley claims that the COVID-19 pandemic could permanently change how banks and their employees do business in the future.

Banks, which like many companies worldwide have seen the majority of its staff work from home offices, will not revert fully to its pre-January working habits, Staley said.

4th place: Monese launched a desktop version of its app

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

This is marketed as one of the first desktop platforms from a digital banking provider and is available for all customers from today.

5th place: Monzo has attracted most people who switched their accounts

Monzo bank attracted the biggest amount of account switchers in the final three months of last year according to the most recent data.

Monzo as a challenger bank lacks any branches. It offers accounts that can only be accessed using a mobile phone.

Thanks for joining us and be sure to subscribe to our Twitter account to get more exciting fintech news every day!

Avatar
Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

Revolut is launching as a bank in 10 more European countries

This means the London-based digital bank is now offering deposit protection of up to € 100,000 to local customers in the particular markets.

Starling has stopped advertising on Facebook and Instagram

The CEO Anne Boden says the company won’t advertise on Facebook or Instagram ‘alongside scammers who are going after the savings of our customers.

Commodities trading now enabled by Revolut for Singapore users

The Monetary Authority of Singapore (MAS) has given permission to Revolut to allow customers to trade gold and silver on its platform.

Tencent takes stake in Monzo Bank

The tech giant from China Tencent has taken a minor stake in Monzo Bank after joining Monzo's latest funding round.