Tag: challenger bank
Revolut announces record $545m profit for 2023
Revolut Annual Financial Report 2023: Key PointsRecord Financial Performance:Revenue Growth: Revenue surged by 95%, from $1.1 billion...
UK challenger Atom Bank hires Gareth Jones as new chief risk officer
Atom Bank Appoints New Chief Risk Officer: Key PointsNew Appointment:Gareth Jones has been appointed as Atom Bank's...
Brazil’s Nubank buys AI-powered data intelligence start-up Hyperplane
Nubank Acquires Hyperplane: Key PointsAcquisition Details:Nubank, a Brazilian challenger bank, has acquired US-based data intelligence start-up Hyperplane...
Bank Midwest launches new digital bank for US healthcare industry powered by Finastra
Bank Midwest Launches OnePlace.bank with Finastra: Key PointsNew Digital Bank Launch:Bank Midwest, serving Iowa, Minnesota, and South...
Starling Bank reports 50% revenue rise in third year of profitability
Starling Bank Reports Third Year of Profitability
Key Financial Highlights:Pre-Tax Profits: Increased by 54.7% to £301.1 million.
Revenue: Rose...
Boost Bank officially launches its digital banking app in Malaysia
Boost Bank Launches Digital Banking App:Partnership and Establishment:Partners: Axiata Group’s fintech firm Boost and RHB Banking Group
...
Monzo records first full year of profitability as it eyes international expansion
Monzo Announces First Full Year of Profitability:Financial Performance:Reported a pre-tax profit of £15.4 million for FY ending...
Asia’s first full reserve digital bank, ORO Bank, launches in Bhutan powered by Finastra
ORO Bank Launch Overview:Mission and Philosophy:ORO Bank aims to foster personal, corporate, and financial growth sustainably.
Emphasizes...
Dutch neobank Bunq enters partnerships with Mastercard and Nvidia
Bunq's Partnerships and Initiatives:Mastercard Partnership:Bunq has partnered with Mastercard to leverage its Open Banking platform.
This allows...
Business banking start-up GoDutch launches in the Netherlands
GoDutch Launch:Amsterdam-based business banking start-up GoDutch launched this week.
Aims to redefine "fair banking" by sharing up...
Turkey’s Colendi reportedly raises $65m Series B funding led by Citi
Company: Colendi, a Turkish digital banking start-up.
Funding: Raised $65 million in a Series B round.
Lead Investor:...
N26 fined €9.2m by BaFin over late submission of suspected money laundering reports in 2022
N26 Fined and Regulatory Updates:
Fine Imposed:Amount: €9.2 million
Reason: Systematic late submission of suspected money laundering reports in...