TransferWise profits may hide future growth issues
Cross-border money transfer company TransferWise announced in September that net profit had doubled since last year. Its success was surprising,…
16 Oct 2020
Marqeta: 75% of banks have changed strategies due to Covid-19
Covid-19 has forced more than three-quarters of banks to change their future banking strategy, increasing their focus on digitisation. This is according to card issuing platform company Marqeta, which has…
09 Oct 2020
Digital bank Monument gets UK banking licence to target mass affluent
Digital-first bank Monument has received its banking licence from UK regulatory authorities, allowing it to begin serving mass affluent clients in the country. The bank, which has also exceeded its…
08 Oct 2020
Revolut partners with Fireblocks to expand its crypto services
UK fintech company Revolut has announced it is partnering with secure digital assets platform Fireblocks in order to expand its cryptocurrency services to its 13 million users. Revolut is one…
05 Oct 2020
Nexi and SIA merger gives Europe payments technology giant
Europe has a new leader in payments technology with the merger of Italy’s Nexi and SIA. The merger, announced with the signing of a memorandum of understanding on Sunday, will…
01 Oct 2020
Brexit rule changes driving demand for challenger banks: deVere Group
Concerns over Brexit rule changes and the environment have triggered a “monumental surge” in interest in apps offered by challenger banks. This is according to international financial consultancy firm deVere…
28 Sep 2020
Fintech Acin nets $12m funding to grow risk digitisation efforts
Fintech startup Acin has today announced that it has raised $12m in Series A funding to further expand its digitising efforts for non-financial and operational risk. The funding round was…