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Thursday, July 29, 2021
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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.

HSBC is set to launch rival product to TransferWise

HSBC is taking on the digital Fintech giants like TransferWise and Revolut with the launch of Global Money Account.

HSBC’s overhaul to be delayed over COVID-19

Financial Times reported on Wednesday, that HSBC Holdings PLC's restructuring could be delayed due to the Covid-19 outbreak.

HSBC to close 27 more branches this year!

HSBC is to shut 27 branches this year putting almost 50 jobs at risk. The bank, which announced last week it would cut 35,000 jobs around the world, including “meaningful” reductions in the UK, said it would invest almost £34m in its remaining network of 594 branches, 49 of which are to be refurbished this year.

Revolut => Open banking? Yes in the U.K.

Possibly biggest European banking and money transfer app, Revolut, claims approx. 10 million customers. Now Revolut partnered with open banking API provider TrueLayer to add bank account aggregation features to its app.
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Starling Bank’s first acquisition is Fleet Mortgages

UK challenger Starling bank acquires Fleet mortgages as its first corporate acquisition.

Starling Bank revenue skyrockets by 600%

The digital bank Starling has managed to grow revenues to £97.6 million from £14 million in the previous period.

Revolut launched a travel booking feature

After Softbank lead an $800 million investment into Revolut, the UK-based challenger bank came up with another feature - travel booking.

Kid accounts and challenger bank options for children

Revolut junior vs. Starling Bank Kite? 🤔 Once again Everly - challenger bank news joined forces with the Scientia team and their Fintech Insights, the digital banking research platform, to compare several challenger banks' junior accounts from parent's and kid's perspectives! 👍 Check the full article here