Banking
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 31 March 2024.
Significant turnaround...
Banking
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 environmental, social, and economic sustainability.
...
AI
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 Bunq customers to add accounts...
Banking
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 to 70% of its income...
Banking
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: Citi Ventures.
Supporting Investors: Hedef...
Banking
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 2022
Regulator: Federal Financial Supervisory...
Banking
UK challenger GB Bank lands £85m investment
GB Bank Secures £85 Million Investment: Key PointsInvestment Details:Total Investment: £85 million.
Investors:Hera Holdings: £40 million initially, with an additional £40 million...
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