Peer-to-peer (P2P) lender Zopa will secure a £130 million ($1.67 million USD) investment that it needs to become a challenger bank. The...
The FinTech Northmill, which offers cloud-based financial services, was awarded a banking license from the Swedish Financial Supervisory Authority (SFSA) on Friday...
Kill the check. Shutter the branch. Make that leather wallet a mobile one, wielded on smartphones. The push toward digital banking seems an inexorable...
Kuda, Nigeria’s first digital-only bank with a standalone license, has raised $1.6 million in pre-seed funding led by Haresh Aswani, as reported...
In China, digital financial services gain ground among collaborative efforts between tech-savvy upstarts and traditional players. Elsewhere, Monetary Authority of Singapore is...
Many challenger banks pursue charters to establish themselves as trustworthy institutions and compete directly with legacy FIs. Yet, pursuing charters can be...
Challengers. Neobanks. Upstart institutions. Alternative banks. These newcomers to the financial services landscape go by many names, and have gained popularity, especially...
Deal or no deal? No, not the game show, because in the case of “no deal,” it seems like no one wins....
Today marks Day 30 of the government shutdown, leading to consequences both complex and serious; and Twitter feuds that can only be described as surreal. The government wasn’t...
At a time when the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. are looking at giving...
The Central Bank of the Russian Federation (CBR) announced that it has revoked the licenses of five Russian foreign exchange (FX) trading...
SWIFT has noted that gpi payments make up more than half of its cross-border traffic. The Fed sees marquee tech names pushing...
Kenyan financial authorities are on the cusp of unveiling a FinTech sandbox that will initially focus on robo-advisors and consider blockchain. Across Europe,...
Australian challenger bank Judo Capital has chosen VERMEG, a leading banking and insurance software solution company, to meet its Australian Prudential Regulation Authority...
Revolut, the U.K. digital bank, announced Thursday (Dec. 13) that it received approval for a banking license in Europe by the European...
British peer-to-peer lender Zopa announced that it has been awarded a U.K. banking license, with restrictions, from the Financial Conduct Authority (FCA)....
U.K. challenger bank CivilisedBank forfeited its banking license earlier this year with plans to shift its focus to underlying infrastructure and technology....
The U.K.’s request for the European Union to expand its financial market access after Brexit isn’t going to be met in the near future....
Swiss financial regulator FINMA is planning to soften anti-money laundering rules for smaller FinTech firms in an attempt to help the country...
Grasshopper, a new bank challenger in New York, is gearing up to go after the banking industry, reported FinTech Futures. According to...
Welcome to The Axis, your late look at payments news from around the world. Coverage includes Accenture’s FinTech Innovation Lab Asia-Pacific. In addition, Europe’s Billon...
Blockchain-based challenger bank BABB — which stands for Bank Account-Based Blockchain — announced it will be holding an equity crowdsale to cover the costs...
Sources say Robinhood Markets is in talks with regulators about offering banking services to its more than 4 million users. According to...
After applying for a banking license in Europe, Revolut plans to apply for one in United States in the near future. Chief...
In Brazil, the antitrust watchdog, Cade, is looking into the credit card industry, with an eye on possible anticompetitive practices. The investigation...
German car manufacturer Volkswagen (VW) has confirmed it is in the process of applying for a U.K. banking license that will enable it...