Revolut has partnered with Trussle to offer mortgage loan solutions for its clients; the partnership is the most recent in a series of partnerships for the digital only bank, adding to lending solutions from lenders Lending Works and Bricklane; Trussle will provide a multi-lender service to Revolut customers through technology that can recommend mortgage loans for first time borrowers and suggest alternatives for current borrowers. Source
CB Insights reports on two of Europe's top markets for fintech investment, the UK and Germany; the UK is reporting significant early-stage investment in personal banking platforms and insurtech with insurtech also a top investment in Germany; year-to-date, European fintech companies have raised approximately $2.6 billion with early stage fintech financing in the UK at $202 million and Germany reporting financing of $83 million. Source
Wells Fargo is still digging out from a PR disaster last week when the bank went offline for a large...
Many staff members at the challenger banks are working from home with Starling and Revolut opting to split staff between...
Apple announced more details about their card partnership with Goldman Sachs yesterday and the news provided a number of interesting...
Challenger banks have been amongst the most popular types of fintech companies with venture capitalists pouring capital into the market;...
UK-based Redwood Bank has launched digital banking services after obtaining a banking license for business in the UK; Redwood Bank is the first bank with a 100% cloud-based infrastructure and will offer SME mortgages for business owners and professional landlords as well as a 35-day business savings account; Redwood Bank is wholly-owned by Redwood Financial Partners Ltd. which is controlled primarily by Warrington Borough Council with a 33% ownership stake; the newly launched bank is covered by the UK's Financial Services Compensation Scheme (FSCS) which protects customers' eligible deposits of up to a total of GBP85,000 ($109,846). Source
Leading UK challenger bank, Revolut, is growing fast and now has around four million customers; they are adding new customers...
Challenger banks have become one of the hottest trends in fintech with companies raising hundreds of millions of dollars all...
Digital wealth fintech Wealthfront is taking another step towards becoming a bank with their new and improved Cash Account; the...