Banking
UK challenger Oxbury Bank announces first full year of profitability
Oxbury Bank Achieves Profitability: Key PointsProfitability Milestone:Achieved profitability in under three years since launch.
Reported a pre-tax profit of over £3 million...
Banking
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 in 2022 to $2.2 billion...
Banking
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 new Chief Risk Officer (CRO).
...
AI
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 for an undisclosed sum.AI...
Banking
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 Dakota, has partnered with Finastra...
Banking
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 by 50.6% to £682.2 million.
...
Banking
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
Approval: Obtained from Bank Negara...
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