Starling Bank has the most switched-to digital-only bank and the second most switched-to bank in the final quarter of 2020.
Revolut announced the launch of an affordable premium option called Revolut Plus for £2.99 per month.
With the new Open Banking function (linked accounts), Revolut customers can now link all their bank accounts at Comdirect, Commerzbank, Deutsche Bank, ING-DiBa and Sparkasse in the Revolut app.
HSBC is taking on the digital Fintech giants like TransferWise and Revolut with the launch of Global Money Account.
Kids aged 6-15 will get their own prepaid Mastercard, paired to an adult HyperJar account.
PayStream is online accounting software that is designed with contractors in mind and is now integrated into the Starling business account.
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The company has 850,000 customers across its different businesses and is on track to be profitable for the full year in 2023, the first time since its founding 17 years ago.
As interest rates remain high, borrowing will continue to play a significant role in helping these businesses achieve their goals.