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Thursday, January 28, 2021
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Revolut’s app was downloaded 5.8 Million times in 2020

The digital bank Revolut had more app downloads in 2020 than Monzo and Starling combined.

HSBC is set to launch rival product to TransferWise

HSBC is taking on the digital Fintech giants like TransferWise and Revolut with the launch of Global Money Account.

Tinkoff adds messenger built into its super app

Russian banking group Tinkoff introduced a monetary messenger designed to fit into its mobile app.

Starling introduces Online Banking for personal customers

Starling Bank said the desktop option of online banking is in response to customer demand. Current account customers are now able to manage their money via desktop or laptop.

Finch was founded by a former N26 employee, now it secures $1.8M seed round

Finch is a US-based fintech startup that aims to integrate the benefits of investing with the flexibility of checking into an all-in-one account.

Credit Suisse about to launch its own digital service to “challenge the challengers”

The well-known Swiss bank Credit Suisse is launching a new digital banking service. This new offering aims to compete with challenger banks like Revolut.

Spanish challenger Bnext extends Series A funding round by €11 million

Spain's digital banking app Bnext has raised €11 million as an extension to a €22 million Series A financing round they managed to secure last October.

Revolut launches in-app price comparison service

Revolut is now working with Decision Tech, a price-comparison technology company.

N26 partners with adidas to provide customers with a new perk

German challenger bank N26 has announced a partnership with another German brand, the sportswear giant adidas.

Starling Bank extends SME features by adding Penfold to the marketplace

Penfold is a pension provider for self-employed and is the latest addition to Starling Marketplace, where the customer is able to browse third-party providers and services.
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N26 announced the appointment of Dr. Jan Kemper as CFO

N26's leadership bench extended with the appointment of Dr. Jan Kemper as Chief Financial Officer.

Chubb and Revolut announce partnership deal

Provider of insurance services Chubb has partnered with unicorn challenger Revolut to offer a broader range of their services to Revolut’s customers.

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.

UK Government voted down BNPL regulation bill

70 MPs have decided to vote down a bill which was supposed to regulate buy now, pay later companies like Klarna, Laybuy and Clearpay.