Tags Covid-19
Tag: covid-19
Banking-as-a-Service: The New Normal
digital banking is the new normal, and BaaS is the future of banking...
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.
Starling bank ‘on track to break even’ despite the losses doubled to £52m in 2019
Starling bank recently announced that it generated £6.7 million for the month of July 2020, meaning that it could make annual revenue of £80m.
Monzo bank future in doubt as losses double
Monzo bank’s losses jumped from £47.2m to £113.8m amid a hiring spree, marketing and US expansion.
Peter Trebelev, Head of Growth at Rizq: “The market is so saturated, that only niche propositions have the potential to survive.”
Rizq is a UK-based Islamic digital challenger bank and it is preparing for its launch this summer. The challenger bank aims to solve mainstream banking issues for Muslims in the West, which is in line with their values and lifestyle.
Monzo cuts 120 jobs as a response to the coronavirus downturn
Monzo, the U.K. challenger bank, will cut up to 120 jobs as a result of the coronavirus pandemic.
Starling Bank’s Connected Card endorsed by the Royal Voluntary Service
UK-based charity Royal Voluntary Service (RVS) selected Mastercard, Starling Bank, and PFS to provide payment cards to NHS volunteer responders during the Covid-19 pandemic.
How FinTech Trading Platform Stake is Making the US Stock Market More Accessible
On a sunny afternoon, I sat down with Dan Silver, Co-Founder and COO at Stake, to find out more about the emerging FinTech trading platform and how they were disrupting the status quo.
Bunq is looking for acquisitions of fintech peers during the crisis
The founder of bunq Ali Niknam is not worried about the bright future of his challenger bank and claims that the company was left untouched by the corona crisis except everybody had to work from home.
Understanding Stablecoins Recent Hype
A stablecoin is a class of cryptocurrency that attempts to offer price stability by being backed by a reserve asset (mainly USD so far). Tether the most relevant stablecoin was launched back in 2014 and was known as RealCoin.
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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.
