Monzo reported £130M annual loss and is under investigation by FCA
The UK challenger Monzo bank has recently reported £130M in pre-tax losses up from £114 million in the same period in 2020.
Starling Bank’s online banking service is the most secure one
According to security researchers commissioned by "Which?" the Starling Bank’s recently-launched online banking service is the most secure among the UK’s 13 leading banks.
Starling adds Nutmeg to its Marketplace
British challenger Starling Bank welcomed Nutmeg, the UK’s largest digital wealth manager, to its fast-growing Marketplace.
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.
Santander buys part of Wirecard’s assets for about €100 million
Banco Santander has closed an agreement to acquire several specialized technological assets of the bankrupted payment solution provider Wirecard.
Santander doubles funds to $400M with the launch of Mouro Capital
Banco Santander's FinTech venture capital Innoventures fund is moved under a new entity called Mouro Capital.
Starling launches Kite card for kids
British challenger Starling Bank is set to launch the Kite debit card, which is dedicated to being used by children up to the age of 16.
Wirecard says missing €1.9 billion probably does not even exist
Wirecard is a German payments company and its shares have fallen by more than 60% after the firm said its auditors from Ernst & Young had raised questions over cash balances worth €1.9bn last week.
Raisin brings customer services under one roof
One of the stated goals of the Raisin platforms is Europe-wide, cross-border access to financial products. Germany-based Raisin is now making use of the recent acquisition of MHB Bank for bringing customer accounts from 31 countries to its own Raisin bank.
Santander set to hire 3,000 IT professionals for €20bn digital push
Santander bank which has its HQ in Spain, said on Thursday it would hire 3,000 IT professionals worldwide this year to support its digital transformation. This comes when most banks are cutting jobs and costs.
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Challenger Banks: Disrupting the Status Quo in Retail Banking
In this blog, we will explore the state of retail banking, the different types of challenger banks, and the attractions of digital challenger banks.
Parker: The First Charge Card for E-commerce with Raised Limits
Parker, a fintech startup co-founded by Yacine Sibous and Milan Ray, has recently emerged from stealth with $157 million in equity and debt funding.
Credit Suisse Struggles to Keep Clients as Overhaul Continues
Credit Suisse Group AG won a $54bn lifeline on Thursday 16 March, giving it the chance to rebuild its business.
Swiss Regulators Step in to Reassure Markets Amid Credit Suisse Turmoil
The global financial markets were rattled on Wednesday following fresh fears about the viability of Credit Suisse.