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Thursday, May 28, 2020
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Revolut Business now works with Clear Books

London based Revolut announced yet another product integration to the Revolut Business Connect ecosystem – Clear Books.

Curve launches premium Metal card in Europe

Curve is a UK based banking platform that consolidates multiple cards into a single card and app. Now it rolls out premium Curve Metal card and other in the European Economic Area (EEA).

Monzo bank’s Tom Blomfield quits as CEO

Tom Blomfield was with the UK challenger bank from the beginning as the co-founder and the CEO. Now he is moving to the newly established position of president to focus on the logterm vision of the company.

Bunq challenger lets you create joint accounts with others

Bunq is a dutch challenger bank present since 2012 and it is already live across 30 countries. Last month it has come up with a very new feature for their premium subscribers.

WeChat launches personal credit rating for its 600m users

Tencent's WeChat Pay will start giving its 600 million users a credit rating using an AI-based system to determine people’s “trust” value, according to Asia Times Financial.

Nikolay Storonsky from Revolut and Tom Blomfield from Monzo now amongst the richest people

Both CEOs of the top UK fintech challenger banks, Nikolay Storonsky and Tom Blomfield have been listed on the "Sunday Times Rich List" for the first time.

Mastercard set to open fintech-cyber lab in Israel

Mastercard joins forces with Enel X to launch a new lab in Israel to advance innovations in financial technology and cybersecurity for the payments and energy ecosystem globally.

Monzo valuation drops by 40% as it seeks funding

Monzo bank seeks a new round of funding that would value the business at £1.25bn. That would mean a 40% drop from its most recent valuation of £2bn last year.

Revolut cuts about 60 jobs citing COVID-19 crisis measures

The digital bank unicorn Revolut has announced to lay-off 60 of its employees as it admits the COVID-19 has some negative impact already.

German Commerzbank ditches plan to sell Polish mBank

The German key player Commerzbank announced that it would not sell its Polish subsidiary mBank after all, citing poor market conditions.

N26 discharged 10% of New York staff

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

Monzo hires veteran Dave Laramy as new VP and head of global financial crime

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.
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“Tally is a neobank, that‘s addressing the real issue with banking,” claims Cameron Parry from Tally in an interview

Cameron Parry, Tally's CEO and co-founder explained to Everly.eu in an exclusive interview what is Tally all about and why he is upset with the current state of the banking system.

Fintech and alternative lenders stand up for vulnerable SMEs

Frustrated with overwhelmed banks and what seems to be an oblivious government, some of fintech’s leading players are coming together. They’re here to stand up for Britain’s SMEs and self-employed workers – and they’re not backing down.

Danish challenger Lunar teams up with Astralis

Astralis Group has signed a three-year deal with Nordic mobile-based banking app Lunar. This deal includes a branded VISA payment card, interviews, and behind-the-scenes content.

GoHenry launches the first biodegradable debit card for children

GoHenry is a UK-based fintech focusing on pre-paid card and app for kids (with parental controls). It has just launched its biodegradable card for eco-conscious children.