8.6 C
New York
Monday, August 3, 2020
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 last week in a TOP 5 list!

The partnership of N26 and TransferWise means N26’s customer will have an in-app access to the TransferWise features with 30 currencies available. Both institutions are partnered since 2016.

After the Wirecard scandal, many fintech companies were unfortunately affected as much as Wirecard since they depended on the infrastructural provider. One of them was the all-card-in-one Curve. But Curve’s staff was able to solve the whole situation during one weekend.

Revolut added American Express to its open banking feature. TransferWise is set to launch an investment feature as it lands license from FCA and Revolut has allowed their EEA customers to invest in silver via their “super-app”.

1st place: N26 extends its partnership with TransferWise

TransferWise for Banks and N26 have extended partnership to offer fast, low-cost and transparent international transfers to their customers.

2nd place: Curve is back online after the Wirecard scandal

Curve customers are now able to make payments as usual. This came after a three-day outage starting last Friday since Curve’s infrastructural provider Wirecard activities were frozen by the FCA.

3rd place: Revolut adds American Express to open banking feature

Challenger bank Revolut announced the addition of American Express to its Open Banking feature. This allows Revolut retail customers in the UK to connect their American Express bank account to Revolut.

4th place: TransferWise is set to launch an investment feature as it lands license from FCA

Thriving fintech startup TransferWise has announced that it has secured an FCA license for regulated investment activities. This way it will be able to offer retail investment services in the UK.

5th place: Revolut introduces Silver for its EU customers

Since this Tuesday, Revolut customers are able to trade silver in the majority of the European Economic Area (EEA).

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

Curve is set to raise £100m in the upcoming Series C

Curve has managed to overcome the Wirecard struggle and now is looking to raise fresh capital, according to Sifted.

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 last week in a TOP 5 list!

TransferWise hits $5bn valuation

TransferWise early investors sold some of their stakes in a $319 million secondary deal. With that, the value of the company was estimated at $5bn.

Monzo bank future in doubt as losses double

Monzo bank’s losses jumped from £47.2m to £113.8m amid a hiring spree, marketing and US expansion.