FinTech Futures: Top five news stories of the week – 16 February 2024
Our pick of the top fintech news stories this week includes Monese, Virgin Money, Bank of America and more.
Our pick of the top fintech news stories this week includes Monese, Virgin Money, Bank of America and more.
The investor has owned 21% of Monese since leading its $60 million Series B round back in 2018.
Here’s our pick of five of the top news stories from the world of finance and tech this week, featuring HSBC, Monese, Circle and more.
Monese says its services could be “adversely and potentially severely affected” if new funding isn’t found.
Zing is a multi-currency app and debit card that UK residents will be able to use in more than 200 countries.
FinTech Futures recaps five of the top core banking deals of 2023.
Composable architecture creates real flexibility for banks looking to make changes to their cores.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Monese’s Santosh Radhakrishnan and Bhavik Sanghvi discuss the reasons behind the switch with FinTech Futures.
XYB was launched by London-based banking services provider Monese back in May.
XYB is available in the UK and Europe, with plans to also launch in North America and Asia Pacific.
In this podcast episode we talk about Monese and what makes it so special and successful.
Monese will use the new funds to grow its cloud-based Platform-as-a-Service (PaaS) business.
Bennett will also join Monese’s leadership team, subject to FCA approval.
Monese has acquired Trezeo, a specialist financial services platform for the self-employed.
Steve Tryner joins as CFO and fintech veteran Stephen Chang joins as VP of operations.
The new partnership will see the international bank begin to offer digital banking services to UK customers.
The neobank will use Veriff’s tech to onboard and authenticate the identity of customers.
Monese picks Thought Machine’s Vault to revamp core banking systems.
Monese customers are able to use Paysafecash with their accounts.
The platform has already bagged Monese and Xero as a partners.
This is expected after its next fundraise which will value the neobank at £1bn.
The challenger aims to close £100m funding in the first half of this year.
Monese wants to offer an alternative to traditional banks’ “red tape”.
It follows PayPal’s investment in Monese’s Series B.
A list of the known challengers to date and the technology they are using.
UK and European challenger bank Monese has launched its Monese Business account, available in 11 languages.
About time for a mobile-only bank.
Pushing ahead with its mobile banking plans across Europe.
UK bank wants to bring its A game in the name of A-levels.
They thought for you.
UK-based digital bank Monese has expanded its current account service to 19 countries in Europe, enabling customers to open bank accounts and “bank like a local”, even if they are not a local resident.
Mobile-only bank Monese has unveiled direct debit functionality for its customers – a move designed to offer services closer to that of a traditional high street bank account. Alongside this, it has also gained access to Faster Payments, so customers can send funds to accounts outside or within the UK with a “quicker transfer”. In […]
Monese, a mobile-only bank founded by Norris Koppel, an Estonian expat in London, has raised $10 million in Series A funding round as it looks to go pan-European.