digital bank

Digital banking is part of the broader context for the move to online banking, paperless Banking, where banking services are delivered over the internet.

The shift from traditional to digital banking has been gradual and remains ongoing, and is constituted by differing degrees of banking service digitization.

Digital banking involves high levels of process automation and web-based services and may include APIs enabling cross-institutional service composition to deliver banking products and provide transactions.

(source: en.wikipedia.org)

UK Banks Turn To Trust As FinTech Competitive Foil
UK Banks Turn To Trust As FinTech Competitive Foil
July 03, 2019  |  B2B Payments

With challenger banking revving up in the U.K. market, High Street challenger banks are looking for ways to continue to set themselves apart with consumer...

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Monzo’s Valuation Now At £2 Billion
Monzo’s Valuation Now At £2 Billion
June 25, 2019  |  Fintech Investments

Monzo, a London-based digital bank, has raised £113m in new funding as of this week, bringing the firm’s total valuation to £2 billion at the...

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Monzo Bank Valuation To Reach £2bn With US Investment
Monzo Bank Valuation To Reach £2bn With US Investment
April 08, 2019  |  Banking

U.K. digital bank Monzo is set to raise new funds that could double its valuation to £2 billion, making it the second-largest FinTech startup in...

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Standard Chartered Expands Africa Digital Bank Initiative
Standard Chartered Expands Africa Digital Bank Initiative
January 31, 2019  |  Digital Banking

Standard Chartered announced Thursday (Jan. 31) that it has kicked off the second phase of its initiative to roll out a digital-only retail bank in...

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Chime’s Expanding Banking Services Menu
Chime’s Expanding Banking Services Menu
January 08, 2019  |  Digital Banking

When Chime’s Co-founders Chris Britt (CEO) and Ryan King (CTO) first set out to start a web bank, it was with one idea in mind:...

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RBS Buys 25 Pct Stake In FinTech Loot, Preps For Online Bank
RBS Buys 25 Pct Stake In FinTech Loot, Preps For Online Bank
January 07, 2019  |  Investments

Royal Bank of Scotland (RBS), which is gearing up to launch a new digital bank, has acquired a 25 percent stake in Loot, a U.K....

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Robinhood Retreats From Checking, Savings Products
Robinhood Retreats From Checking, Savings Products
December 16, 2018  |  Bank Regulation

Robinhood, the FinTech that garnered a lot of attention last week after announcing a checking and savings product with 3 percent interest, has retreated from...

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Revolut Gets Banking License By European Central Bank
Revolut Gets Banking License By European Central Bank
December 13, 2018  |  Banking

Revolut, the U.K. digital bank, announced Thursday (Dec. 13) that it received approval for a banking license in Europe by the European Central Bank. In...

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FCA Awards P2P Lender Zopa First UK Banking License
FCA Awards P2P Lender Zopa First UK Banking License
December 04, 2018  |  Banking

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). Launched in 2005,...

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