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Wednesday, June 19, 2024
Tags Bankingtech

Tag: bankingtech

Revolut cuts about 60 jobs citing COVID-19 crisis measures

The digital bank unicorn Revolut has announced to lay-off 60 of its employees as it admits the COVID-19 has some negative impact already.

Revolut launches a bank to provide insured deposits

Revolut has launched a licenced bank in Lithuania, enabling the 300,000 customers in the country to safely deposit their salaries in deposit-protected bank accounts.

RBS’s Bó challenger to Monzo has failed and drops out

RBS launched Bó back in November 19' to compete with the Monzo and Revolut but now Bó gets discarded.

Are central banks going to finally create a digital alternative to cash?

According to a report from research and campaign group Positive Money, central banks should issue a digital version of cash to prevent the ‘privatization’ of money.

World Fintech Report 2020 – Banks have to transform into “Inventive banks”

Capgemini and Efma published World FinTech Report 2020 revealing traditional banks have an opportunity to thrive in today’s market by embracing Open X and becoming Inventive Banks.

Leaked Google Pay screenshots reveal a Google debit card, a rival to Apple’s

Google is likely going to push into banking and this could include a parallel to the Apple Card.

Lunar launches stock trading platform for beginners

Lunar decided to offer simplified stock trading service to people who haven’t traded before but might have more time on their hands than usual.

Monzo shuts Las Vegas customer support office, 165 employees being let go

Monzo already implemented voluntary employee furloughs and salary cuts in the U.K.

Safe haven during a crisis? Revolut backs cryptocurrency as one

Last week Revolut announced that it will provide cryptocurrency to all seven million customers.

Danish digital bank Lunar adds $21.6m to its Series B

Nordic challenger bank Lunar that has offices across Denmark, Sweden and Norway, has landed an additional $21.6 million (€20 million) in Series B funding round.
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