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Tuesday, March 2, 2021
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Tag: coronavirus

TranferWise is waiving fees on $20,000,000 in donations to COVID-19 research

The cross-border payments unicorn TransferWise announced partnership with charities and organisations who are seeking to find, and distribute, a vaccine for COVID-19.

“Paper money will largely disappear in the next couple of years.” Says Anne Boden of Starling

With regard to the coronavirus crisis, Boden is sure this will bring the demise of cash money. But she is also aware that this doesn't just bring benefits as it comes with other challenges.

Robinhood just made $60 million, triple what it made in March 2019

In recent months, coronavirus-linked market volatility has sent trading volumes on apps like Robinhood or Stake.

How is COVID-19 reshaping the fintech work environment

The coronavirus pandemic is obviously having a major impact on the world economy, and although tech and digital companies, including fintechs may be in the best shape ever, they are still facing the consequences in various ways.

“Imagine no branches” Nearly 70% of bank branches to disappear in the next 10 years

The Covid-19 outbreak is having irreversible impacts on the banking industry already. Above all, it forces banks to shut their branches. And digital challengers such as N26 are quick to jump on the opportunity to change customer behaviour for good.

As stores in the UK close, cash usage drops to half

ATM network Link said their customer's usage of the cash machines and cash has fallen by 50% during last week.

Italian Banca Sella now also provides Bitcoin trading

Founded in 1886, Banca Sella is one of the better-known banking institutions in Italy.

JPMorgan Chase closed 1000 branches

JPMorgan Chase closes approximately one-fifth of its bank branches to help to stop the spread of COVID-19.

Costa Coffee to go cashless as coronavirus spreads

Costa Coffee decided to refuse cash payments amongst its 2500 branches in the UK. Also, customers will no longer be able to sit in its shops due to the coronavirus epidemic.

Coronavirus pushes contact-free digital banking

DBS unveiled the second round of relief measures on Wednesday (Feb 26) to help businesses in Singapore cope amid the virus outbreak, in a move that pushes companies to go digital at the same time.
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N26 and Raisin partner on EasyFlex savings accounts

Cross-border savings and investments marketplace Raisin and the german digital bank N26 combine their strenghts to deliver top interest rates.

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.