Despite the legal and pandemic-related business challenges that have plagued neobanks in the United Kingdom in recent months, the challenger bank space in Europe is showing huge potential for 2022 as investor and customer interest continues to grow. Get the Full Story Complete the form...
About 1.4 million identity theft incidents were logged by the Federal Trade Commission in 2020, a figure that’s more than double the thefts from the year before. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Tencent, the Chinese-based tech group, has a new stake in Monzo, which shows a big recovery in Monzo’s fortunes as it’s now valued at $4.5 billion, Financial Times writes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Airtel Payments Bank now has over one billion transactions on its platform during September quarter 2021-2022, sources say. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
Customers of Revolut were inconvenienced by a partial outage of services, leaving them unable to complete online payments for a while on Sunday, Dec. 26, the Irish Times writes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Revolut Bank, part of the U.K. FinTech unicorn Revolut, has been granted a full banking license by the European Central Bank (ECB), the Bank of Lithuania (LB) recently announced. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
Chime customers can now deposit cash at Walgreens locations around the country, the FinTech announced Monday (Dec. 13). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...
U.K. challenger bank Monzo is raising more than $500 million (£377m) at a valuation of $4.5 billion (£3.4bn) as it gets ready to take a deeper dive into cryptocurrency trading and further evolve its buy now, pay later (BNPL) product. Get the Full Story Complete...
British bank HSBC on Wednesday (Dec. 1) added a function to its mobile app that will let people invest in a suite of funds for a minimum of 50 pounds ($66.62) in a move that’s aimed at younger people across the U.K. and pits HSBC...
