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Saturday, January 23, 2021

Monzo Bank founder Tom Blomfield is leaving the company

Tom Blomfield who co-founded Monzo Bank 2015, is leaving the digital bank, citing "challenges" from the pandemic, TechCrunch reported.
Tom Blomfield who co-founded Monzo Bank 2015, is leaving the digital bank, citing "challenges" from the pandemic, TechCrunch reported.
70 MPs have decided to vote down a bill which was supposed to regulate buy now, pay later companies like Klarna, Laybuy and Clearpay.
London-based Fintech Curve secured $ 95 million in its latest investment Series C funding.
Revolut has submitted an application for a banking license to the U.K. Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). The challenger wants more clients to deposit their salaries and switch over to Revolut as their main bank account provider.
According to security researchers commissioned by "Which?" the Starling Bank’s recently-launched online banking service is the most secure among the UK’s 13 leading banks.
The digital bank Revolut had more app downloads in 2020 than Monzo and Starling combined.
N26, a German digital bank, received authorization from the Central Bank to operate in Brazil.
The London based challenger Revolut has been accused of not paying promised bonuses to employees in its compliance team, sparking a dispute that contributed to a rise in frozen customer accounts, FT reported.
The Fintech unicorn TransferWise has decided to ask investment banks to pitch in the new year for roles on an impending initial public offering (IPO), Sky News reported.
ASR Asset Management provides bunq with a mortgage portfolio worth 300 million euros.