They have different business models — but often compete for the same customers. And for banks and neobanks, there may be one commonality: The challenge...
Great Britain’s smaller banks are apparently among the largest targets for payment fraud. That’s according to a report issued Tuesday (Oct. 31) by the U.K.’s...
British digital-only bank Monzo has added an investment feature to its offerings. Announced Tuesday (Sept. 12), the bank’s Investments feature lets customers put their money...
British neobank Zopa Bank has raised 75 million pounds ($93 million) to fuel its “continuous growth and expansion.” The company has now raised a total of...
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...
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...
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...
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...
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...