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 recently announced that it generated £6.7 million for the month of July 2020, meaning that it could make annual revenue of £80m.
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, the U.K. challenger bank, will cut up to 120 jobs as a result of the coronavirus pandemic.
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.
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.
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.
The German key player Commerzbank announced that it would not sell its Polish subsidiary mBank after all, citing poor market conditions.
For a few years now, consumer attitude towards finance and banking has been changing. A rapid rise in digital consumption has resulted in more technology and innovation than ever before, with total fintech investment in Europe skyrocketing to $58.1bn in 2019.*
Monzo has reached a combined total of 135,000 customers for its two premium bank account options since their launch in 2020 and now it extends their benefits.