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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!

Banking app user behaviour in 2020 report

What is the difference between Android and iOS digital banking user? What has changed in terms of user behaviour throughout this year?

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!

Open Banking payments up 832% during lockdown accoring to TrueLayer

Financial API provider TrueLayer has recorded a serious increase of UK consumers using Payment Initiation (PI) during the lockdown.

Challenger vs. incumbent banks, who is going to win the customer over?

Revolut managed to raise $80 million from TSG Consumer Partners while Monzo bank’s losses jumped from £47.2m to £113.8m. CFTE has done a research among its employees to see if challenger banks stand a chance to ever replace the incumbent banks so customers use them as their primary account.

The Future of Banking week is coming

Discover the future of banking across the world with #FOBWeek. Taking place across four days, covering a different time...

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.

In 2020, European digital payments will hit $802 billion transaction value

According to data gathered by Finanso.se the European digital payments market is expected to hit a record $802 billion transaction value in 2020, which means a 9.9% yearly growth rate.

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.

Digital piggy banks? In the UK right before Christmas!

GoSave is a Californian fintech start-up and it is about to launch its digital piggy banks in the UK later this...

Bank account for immigrants? Remitly launches it in the US

The Seattle-based startup Remitly closed a $135 million round last summer, to go beyond money-transfer services into a wider range of financial products.

Oimio is deploying OakNorth’s credit analysis and monitoring platform!

Netherlands-based real estate lender OIMIO, focused on small and medium-sized real estate investors launched today in the Netherlands. OIMIO has signed...
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Monzo gives its lowest-paid employees £1,000 cost of living payment

Digital bank Monzo is giving staff who earn less than £40,000 per year a one-off payment of £1,000 to help them cope with the cost of living.

N26 incorporates Bizum for its customers in Spain

The N26, a German digital bank, now also integrates Bizum among its payment methods, as for example, Orange Bank did in January 2021.

Klarna is set to make second round of job cuts

Swedish BNPL company Klarna Bank AB announced it will slash jobs once again after losing $39 billion of its valuation.

Revolut has become the most searched online bank in Europe

Revolut has become the winner in a study by CMC Markets that has analysed the most heavily searched European online banks and fintechs.