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Monzo’s CEO won’t take his salary for 12 months
Monzo bank's CEO Tom Blomfield is forgoing his salary for a year. Monzo is also offering voluntary furloughs to its employees.
CTO of UK challenger bank Monzo Meri Williams steps down
Multiple sources confirmed that Meri Williams, who joined Monzo bank in September 2018, announced internally that she was departing.
“Imagine no branches” Nearly 70% of bank branches to disappear in the next 10 years
The Covid-19 outbreak is having irreversible impacts on the banking industry already. Above all, it forces banks to shut their branches. And digital challengers such as N26 are quick to jump on the opportunity to change customer behaviour for good.
Revolut and Monzo combat rumors of their collapse
The upcoming economical crisis caused by the Covid-19 pandemic makes people focus on the financial health of the so far non-profiting fintech companies as Revolut and Monzo are.
Revolut finally launches in the United States
The London-based company Revolut is one of Europe's most valuable fintech startups and has just launched in the U.S.
Revolut launches banking app for children
Revolut has launched a “money management” Revolut Junior product, which can be monitored by parents.
Revolut’s CFO steps down, cites personal reasons
David MacLean quits Revolut as a chief financial officer after just five months in the role. He has joined Revolut from Metro Bank last July, succeeding Peter O’Higgins.
Penta raises €18.5 million in last financing round
Penta is a digital platform for business banking and it raised €18.5 million in the first closing of a new funding round backed by new and current investors.
Revolut lets you purchase gold on Premium and Metal
Fintech startup Revolut has introduced a new trading feature for premium users.
Credit Sesame launches digital bank account to capitalize on expense management
Credit Sesame introduced Sesame Cash, a free digital bank account as part of a new smart digital banking service that will help consumers grow their cash and credit in one place for free as they spend and save.
NorthOne, a challenger bank for small businesses, raises $21M in Series A
NorthOne, a challenger bank targeting small businesses, freelancers and startup companies, has raised $21 million in Series A funding led by Battery Ventures.
Revolut seeking UK banking license because of Brexit
Revolut is preparing to submit a banking license application to the Bank of England and hopes to secure it before the end of the year.
Is the Fintech Bubble About to Burst? Lessons from Credit Suisse’s Collapse
Last week, UBS acquired Credit Suisse in a $3.25 billion rescue deal. This event has raised concerns about the viability of business models of highly valued fintech startups.
Zeta and Featurespace Join Forces to Offer Innovative Credit Card Processing and Fraud Detection Solution
Modern core banking technology provider Zeta and fraud prevention company Featurespace announced a new partnership on March 22, 2023.
Fintech Companies Put a Hiring Freeze Due to Economic Climate
A major new report by Erlang Solutions has revealed that half of all fintech firms have put a stop to hiring staff in 2023 due to the challenging economic climate.
Recap of FinovateEurope 2023: Key Themes and Takeaways
With a focus on innovation and customer needs, the future looks bright for the industry.