Tags Banking
Tag: banking
Starling Bank aims to hold 18% of the SME market
The digital bank Starling announced a plan in which it is going to hold 18% of the SME banking market in five years, Insider reported.
TransferWise gets rebranded as ‘Wise’
The rebranded company Wise drops the part Transfer as a signal of moving on from the money-transfer focus of the company.
Revolut about to increase fees and cut number of free trades
Revolut introduced additional fees on its free plan and trading on the Revolut platform will also become more expensive.
N26 introduces 100% digital account
The German digital bank has just announced the launch of a 100% digital N26 Standard account equipped with a virtual card.
Klarna launches bank account in Germany
The buy now, pay later giant Klarna is poaching into banking with launching its first current account.
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.
Challenger bank Revolut applied for UK banking license
Revolut has submitted an application for a banking license to the U.K. Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).
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.
N26 is authorized to operate in Brazil
N26, a German digital bank, received authorization from the Central Bank to operate in Brazil.
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Bunq exceeds €1 billion in user deposits
Dutch neobank bunq hits the billion mark in deposits and is offering German account numbers for the first time.
Leaked Revolut blog post announces Bitcoin withdrawal option
Revolut mistakenly announced that premium customers will be able to transfer Bitcoin (BTC) from the platform to external wallets.
Starling becomes second most switched-to bank in UK
Starling Bank has the most switched-to digital-only bank and the second most switched-to bank in the final quarter of 2020.
Lunar acquires Swedish Lendify
Danish Lunar Group acquires the Swedish loan and savings platform Lendify to strengthen the private loan business.
