Neobanks

TCM Teams With LemonadeLXP to Help Community Banks Go Digital

TCM Teams With LemonadeLXP to Help Community Banks Go Digital
TCM Teams With LemonadeLXP to Help Community Banks Go Digital
September 05, 2023  |  Banking

TCM Bank and growth platform LemonadeLXP have teamed to help community banks increase their digital footprint. “TCM is committed to delivering the best cardholder experience for our community...

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B2B Payment Infrastructure Platform Thunes Secures $72 Million in Funding
B2B Payment Infrastructure Platform Thunes Secures $72 Million in Funding
July 17, 2023  |  Commercial Payments

Thunes has secured $72 million in a Series C round of funding with support from a range of strategic investors. The Singapore-based B2B payment infrastructure...

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14% of Small Businesses and Gig Workers Only Use Digital Banks
14% of Small Businesses and Gig Workers Only Use Digital Banks
July 12, 2023  |  Banking

This next installment of PYMNTS’ mini-series on consumer behavior popularized during the pandemic focuses on the rise of digital-only banking. Traditional, brick-and-mortar banking through well-established...

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UK Neobank Monzo Records First Monthly Profits
UK Neobank Monzo Records First Monthly Profits
May 31, 2023  |  Banking

British neobank Monzo says it has reached profitability while reducing its annual losses. According to the bank’s annual report, Monzo reported net operating income of...

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Starling CEO Steps Aside As Neobank’s Revenues Double
Starling CEO Steps Aside As Neobank’s Revenues Double
May 25, 2023  |  Banking

With profits increasing six-fold and revenues rising, Starling Bank’s CEO is stepping down. Ann Boden, who is both founder and chief executive of the British...

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Apple’s Entrance Into Savings Accounts May Cost Neobanks and Traditional FIs 
Apple’s Entrance Into Savings Accounts May Cost Neobanks and Traditional FIs 
April 24, 2023  |  Banking

Banks may feel pressure to match Apple’s offering of higher savings rates with a Goldman Sachs savings account than most institutions as the tech giant...

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Europe’s Neobank Struggles Offer Fertile Ground for Traditional FIs to Gain Share
Europe’s Neobank Struggles Offer Fertile Ground for Traditional FIs to Gain Share
April 19, 2023  |  Banking

The neobanks promised to shake up the world. Especially in Europe. It hasn’t quite worked out that way. As the first quarter of 2023 is...

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Bunq Hopes to Bring EU Neobanking to the US
Bunq Hopes to Bring EU Neobanking to the US
April 04, 2023  |  Banking

European neobank Bunq has applied to bring its business to “digital nomads” in the U.S. The company announced Wednesday (April 4) that it had applied...

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