Revolut aims to boost global workforce to 11,500 by end of 2024
The UK challenger claims its staff headcount already surpassed 10,000 during the first quarter of the year.
News, intelligence and resources on the global fintech industry including topics such as challenger banks.
The UK challenger claims its staff headcount already surpassed 10,000 during the first quarter of the year.
The new standalone company will act as an independent neobank offering environmentally sustainable products.
The new offering will also include deposit accounts and automation tools for bill payments.
Allica says it has experienced a 75% increase in customer deposits to £2.6 billion.
Customers of Mercury’s latest offering will need to commit to a $240 annual subscription fee.
Keytom says it aims to help customers better manage their digital assets “in one convenient location”.
Zopa says revenues climbed 29.7% “despite the challenging macroeconomic environment”.
As part of the deal, Algbra has also partnered with SC Venture’s climate-focused savings platform, Shoal.
The challenger has leveraged Starling’s BaaS platform Engine to power the launch of its digital offering.
The UK-based challenger will make its Mexican debut with money transfer services.
The challenger’s offering combines both digital Islamic banking services and physical community centres.
The approval by the Saudi Central Bank will see the company transition from STC Pay to STC Bank.
Zand’s CEO claims the move will enable “seamless deployment of digital assets, AI, and blockchain technologies.”
Our pick of the top fintech news stories this week includes Robinhood, Mastercard, Visa, Ant Group and more.
Kennedy has previously held leadership positions at Lloyds, Barclays, Shawbrook Bank and Masthaven Bank.
Cashee will provide a free banking app and a prepaid Visa card, issued by Arab National Bank (ANB).
Winners of this year’s awards will be announced at a gala dinner ceremony in New York on 30 May.
Our pick of the top fintech news stories this week includes the US Federal Reserve, Starling Bank and more.
Raman Bhatia will assume the position “in early summer”, subject to regulatory approval.
Consumers and business users have been informed that their accounts will be closed on 29 March.
Our pick of the top fintech news stories this week includes Fiserv, Monzo, Virgin Money and more.
Vytautas Danta, CCO and deputy CEO of Revolut’s European entity, discusses the fintech’s remarkable rise.
In Q4 2023, the LA-based neobank generated a GAAP net income of $200,000 and EBITDA of $10 million.
Anjum’s joins directly from the Glory Group, where he served as innovation programme director.
Cover story: CREATIVE THINKING – How a borefest could lead to the best ideas.
The round was led by Alphabet’s independent growth fund, CapitalG.
Weston left the UK bank in December 2015 to found the now-defunct Aussie challenger Volt Bank.
A new cartoon illustrating the dominate position of incumbents in the financial services industry.
Banks are facing a myriad of challenges, from transformative technological shifts to increasing competition.
Sismey-Durrant replaces Mike Kirsopp, who has left the company to return to an executive career.
Rhee Eun-mi joins from DGB Daegu Bank, where she has been serving as CFO and managing director.
Raqami was granted in-principle approval to operate digital financial services in the country last year.
Bayliss succeeds Joseph Healy, who is stepping down after a seven-year tenure as CEO.
Lithuania is making its presence known in Europe’s burgeoning fintech scene.
UNOAsia will use the funding to strike profitability for UNO Digital Bank in the Philippines.
The deal could be worth between $30 million and $50 million, according to media reports.
The move, announced in 2020, was expedited by Hey Banco’s banking licence authorisation last July.
EQ Bank to leverage Trulioo’s “customised onboarding experiences” to stay ahead of industry practices.
Greenlite’s tech will enable the bank to streamline manual data aggregation and client risk assessments.
The implementation builds on an agreement previously announced by the pair last year.