Add Monzo to the growing list of digital banks exploring the mobile phone market. The U.K. FinTech is weighing the launch of its own digital SIM and monthly contracts, the Financial Times (FT) reported Monday (Aug. 18), citing sources familiar with the matter. The report added that Monzo...
Investors in Germany’s most valuable FinTech, N26, are pushing to remove its co-founders from executive roles and install the bank’s supervisory board chair as interim co-chief executive, the Financial Times reported, citing people familiar with the matter. According to the FT, under a proposed deal, co-CEOs Valentin...
More than 80 leaders of FinTech companies, crypto companies and other firms involved with open banking signed a public letter asking President Donald Trump to prevent banks from charging “account access” fees when consumers connect their accounts to financial products. “This is not a dispute...
British digital bank Monzo says it now has more than 13 million customers. The company announced Wednesday (Aug. 6) that it now serves 12.5 million personal banking customers — 20% of U.K. adults — and more than 700,000 business customers, with Monzo adding around 1...
As digital expectations reshape finance, traditional banks are finding that staying competitive and operationally sound hinges on a singular, modernized approach to payments rather than a disparate collection of legacy systems. The PYMNTS Intelligence report “Payment Hubs Fuel Digital Modernization for Banks,” a collaboration with...
Bank of America’s CashPro platform is undergoing a transformation, fueled by artificial intelligence (AI), real-time data and digital capabilities. This has contributed to CashPro netting more than 40,000 corporate and commercial clients around the world. The global treasury management platform now supports everything from mobile-based...
Silicon Valley Bank (SVB) clients now have preferred access to the private market liquidity solutions offered by Forge Securities. This access, which results from a new partnership between the two companies, provides companies and shareholders with solutions designed to help them manage their cap table,...
British FinTech Revolut is reportedly considering the purchase of an American bank. That’s according to a report Wednesday (July 30) by the Financial Times (FT), which notes that such a move would allow Revolut to quickly clinch a banking license in the U.S. Sources familiar...
LendingClub said Tuesday (July 29) that two recent additions to its mobile-first platform are driving more account openings and more visits to the company’s app. “I want to spend some time talking about our innovation efforts built on our mobile-first platform, each designed to more...