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Friday, May 7, 2021
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Tag: banking

Danish bank Lunar takes on Klarna with BNPL product

The Danish challenger bank Lunar has finally launched its 'Pay Later' feature, taking on Swedish BNPL market leader Klarna.

Revolut reached break-even in November, according to CEO Nik Storonsky

The CEO of Revolut Nik Storonsky claims his company broke even in November, just a month after Starling's Anne Boden announced the same.

Starling adds Nutmeg to its Marketplace

British challenger Starling Bank welcomed Nutmeg, the UK’s largest digital wealth manager, to its fast-growing Marketplace.

Revolut names Rebecca Macieira-Kaufmann to its US board

Digital bank Revolut has appointed former Citigroup executive Rebecca Macieira-Kaufmann to its US board of directors.

Revolut launches early salary feature in the UK and Web app

Revolut introduced two more features during this week. The challenger bank is shifting from mobile-only to an online model and Revolut has partnered with Modulr to let you receive your salary a day early.

Monzo Bank closed another £60 million in funding

Monzo bank has now about 4.8 million customers as it has closed another £60 million in funding.

JP Morgan and Lloyds set sights on Starling, Times Reports

Major players like JPMorgan Chase & Co. and Lloyds Banking Group Plc have expressed interest in buying the challenger Starling Bank Ltd., the Times reported.

Challenger bank Lunar selects FIS to optimise liquidity and manage risk

Danish digital bank Lunar has selected a cloud-based treasury and risk management solution from FIS.

N26 launches new premium account called N26 Smart

The German digital bank N26 is aligning its product range to the new consumer habits during the pandemic and the decline of vacation and business trips.

Revolut junior introduces new “Co-Parent” Feature

The Co-Parent allows all the premium customers using Revolut Junior are now able to invite another parent or guardian to manage the child’s account cooperatively.
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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.